Examples of Credit Event Date in a sentence
Besides, there can be temporary illiquidity of the securities that are lent out and the scheme will not be able to sell such 4) Illustration of Segregated Portfolio Portfolio Date : 1/7/2019 NAV : 12.0000 Credit Event Date : 2/7/2019 lent out securities until they are returned.
This, along 4) Illustration of Segregated Portfolio Portfolio Date : 1/7/2020 NAV : 12.0000 Credit Event Date : 2/7/2020 with a simultaneous fall in value of collateral would render potential loss to the Scheme.
The obligation of each Lender to make the Initial Extension of Credit shall not become effective until the date on which each of the following conditions, and each of the conditions set forth in Section 3.02, is satisfied (or waived in accordance with Section 11.02); provided that each of the conditions set forth in this Section 3.01 shall be satisfied or waived no later than the Initial Credit Event Date.
Where a Credit Event Notice has been deemed withdrawn under this Condition, on the next Interest Payment Date (or the Maturity Date as the case may be) any amount of interest that is due (on the basis that the related Credit Event Date and Credit Event Notice Date had never occurred) but which remains unpaid shall be paid (subject to the provision of any other Credit Event Notice).
Pursuant to the terms hereof, both (i) a Credit Event Notice, (ii) a Credit Event Date and/or (iii) a Credit Event Notice Date, can be given and subsequently deemed to be withdrawn, or, can occur and subsequently be deemed not to have occurred (each as the case may be) any number of times without affecting the Calculation Agent’s ability to give a valid Credit Event Notice hereunder or settlement occurring in accordance with the terms hereof.