Credit Event Notice definition

Credit Event Notice means an irrevocable notice from the Issuer or the Swap Counterparty, as the case may be, to the other party (in the form and delivered in the manner described in the Default Swap) that describes a Credit Event that occurred on or after the Effective Date of the Default Swap.

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Credit Event Notice means an irrevocable notice from the Buyer (which may be in writing (including by facsimile and/or email) and/or telephone) to the Seller that describes a Credit Event that occurred on or after the Credit Event Backstop Date (determined by reference to Greenwich Mean Time) and, on or prior to the Extension Date (determined by reference to Greenwich Mean Time).

Credit Event Notice means a notice from the Calculation Agent to the Issuer (which the Calculation Agent has the right but not the obligation to deliver) that describes a Credit Event that occurred on or after the Credit Event Backstop Date and on or prior to the Extension Date.

Examples of Credit Event Notice in a sentence

The Credit Event Redemption Date may be a date falling after the originally scheduled Maturity Date in which case the originally scheduled Maturity Date shall be deemed to be replaced by the relevant date specified in the Credit Event Notice or otherwise notified to the Noteholders.
If an extension of the Scheduled Maturity Date applies pursuant to and in accordance with Credit Linked Condition 9 (Maturity Date Extension), the Issuer may deliver a Credit Event Notice or the Credit Derivatives Determinations Committee may make a DC Credit Announcement which will trigger settlement of the Credit Linked Notes after the Scheduled Maturity Date.
In addition, any other provisions required under Law and regulations governing trusts providing full statutory financial statement credit for reinsurance ceded by property and casualty insurance companies in the Relevant Jurisdictions to the extent applicable to the companies included in the Beneficiary, and specified in the Reinsurance Credit Event Notice, shall be automatically incorporated herein.
In such a case, in order for us to sign and deliver the Quarterly Credit Event Independent Accountant Report, we will have to be provided with a copy of the signed Credit Event Notice delivered to the Seller.
If the Agent elects the Credit Event Amortization Option, then on the date of delivery of the Credit Event Notice, the Agent shall allocate and distribute all Collections pursuant to Section 3.2(b) and on the earlier of (A) the date of such distribution and (B) the date the Borrower receives the Credit Event Election Notice, the Aggregate Commitment shall automatically terminate.

More Definitions of Credit Event Notice

Credit Event Notice means an irrevocable notice (which each of Party A and Party B has the right but not the obligation to deliver) from Party A or Party B (which may be oral including by telephone to be confirmed in writing) to the other party (with a copy to the Issuing and Paying Agent) during the Notice Delivery Period (or any other period permissible pursuant to the terms of the Credit Default Swap) that describes a Credit Event that occurred on or after the Credit Linkage Start Date to and including the Extension Date or (if applicable and earlier) the Early Redemption Date, each as determined

Credit Event Notice means an irrevocable notice from the Issuer to the Security Holder in accordance with § 12, specifying that a Credit Event has occurred as well as the date of the occurrence and which contains a de- scription in reasonable detail of the facts relevant to the determination that a Credit Event has occurred. The Credit Event that is subject to the Credit Event Notice need not be continuing on the date the Credit Event Notice is effective.

Credit Event Notice is defined in Section 4.01(c) of this Agreement.

Credit Event Notice means an irrevocable notice from the Calculation Agent (which may be by telephone) to the Issuer (which the Calculation Agent has the right but not the obligation to deliver) that describes a Credit Event that occurred at or after 12.01 a.m. Greenwich Mean Time on the Trade Date and at or prior to 11.59 p.m., Greenwich Mean Time, on the latest of:

Credit Event Notice means, with respect to a Reference Entity, an irrevocable notice from the Calculation Agent to the Issuer that describes a Credit Event that occurred on or after the Credit Event Backstop Date and on or prior to the Extension Date.

Credit Event Notice means an irrevocable notice (which Buyer has the right but not the obligation to deliver) from Buyer (which may be oral including by telephone to be confirmed in writing) to Seller that describes a Credit Event that occurred during the Credit Event Observation Period.

Credit Event Notice means an irrevocable notice (which Party A has the right but not the obligation to deliver) from Party A (which may be oral including by telephone to be confirmed in writing) to Party B delivered during the Notice Delivery Period that describes a Credit Event that occurred during the Credit Observation Period.