Examples of CDS Settlement Agreement in a sentence
Pursuant to the terms of the CDS Settlement Agreement, on June 7, 2010, the Debtor entered into the June 2010 Amendment with its Affiliates.
This shows that the positive reviews leads to a more positive attitude towards the hotel (M=5.57), whereas the mix of positive/negative reviews leads to a more negative attitude towards the hotel (M=4.19).
On June 7, 2010, pursuant to the terms of the CDS Settlement Agreement, the Ambac Affiliates party to the TSA entered into a subsequent amendment of the TSA (the “June 2010 Amendment”).
In addition, effective June 7, 2010, the outstanding CDS with the CDS Counterparties that remained in the general account of AAC (the “General Account”) were amended to remove certain events of default and termination events, as set forth in the CDS Settlement Agreement.
CDS Settlement AgreementPursuant to the terms of the CDS Settlement Agreement, in exchange for the termination of the Commuted CDO of ABS Obligations (as defined below), AAC paid to the CDS Counterparties in the aggregate (i) $2.6 billion in cash and (ii) $ 2 billion in principal amount of newly issued surplus notes of Ambac Assurance (the “ AAC Surplus Notes”).
The CDS Settlement Agreement includes covenants that remain in force until the AAC Surplus Notes have been redeemed, repurchased or repaid in full.
Pursuant to the CDS Settlement Agreement, AAC filed an amendment to its articles of incorporation.
Impact of the CDS Settlement Agreement and the Segregated Account Rehabilitation Proceedings on AFG The aggregate amount of the Surplus Notes, which rank senior to the Debtor’s equity investment in AAC, has not yet been determined but will be substantial.
Although most of AAC’s exposure to CDS was commuted in connection with the CDS Settlement Agreement, the General Account continues to be exposed to a significant book of CDS of CDOs, collateralized loan obligations and other structured finance obligations.