Examples of Credit Event Notice in a sentence
Notwithstanding Sections 1.32 (Credit Event Notice) and 1.49 (Provisions Relating to Timing), if a payment is not made by the Reference Entity on its due date or, as the case may be, on the final day of the relevant Grace Period, then such failure to make a payment shall be deemed to have occurred on such day prior to midnight Greenwich Mean Time (or, if the Transaction Type of the Reference Entity relates to Japan, Tokyo time), irrespective of the time zone of its place of payment.
The Credit Event that is the subject of the Credit Event Notice need not be continuing on the date the Credit Event Notice is effective.
The references to the “Effective Date” in Section 3.3 ( Credit Event Notice) shall mean the Trade Date, unless otherwise specified herein.
A Credit Event Notice must contain a description in reasonable detail of the facts relevant to the determination that a Credit Event has occurred.
The references to the “Scheduled Termination Date” in Section 3.3 ( Credit Event Notice) shall mean the Specified Date or if later, the Extension Date, unless otherwise specified herein.