Credit Linked Note definition

Credit Linked Note means a note in which the principal or interest payments are increased or decreased based on the total return on a notional value of a reference asset or the occurrence of a credit event of a reference entity.

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Credit Linked Note has the meaning specified in Section 2.07(b).

Credit Linked Note means a form of structured note with an embedded credit default swap which allows the issuer of the note [(“protection buyer”)] to transfer credit risk to the buyer of the note [(“protection seller”)];

Examples of Credit Linked Note in a sentence

• On reasonable request by the Co-Obligors’ Agent in connection with the delivery to any holder of a Credit-Linked Note or Term Note of information required to be delivered to such holder under this Agreement or requested by such holder (other than a holder that is a party to this Agreement or its nominee), such holder will enter into an agreement with the Co-Obligors’ Agent embodying the provisions of this Section 10.07.

• Such Lender represents that it is purchasing its Participation in this Agreement, its Credit-Linked Note and its Term Notes, if any, for its own account or for one or more separate accounts maintained by it or for the account of one or more pension or trust funds and not with a view to the distribution thereof, provided that the disposition of its or their property shall at all times be within its or their control.

• Upon request, the Co-Obligors jointly and severally agree (at their expense) to execute and deliver a Credit-Linked Note and one or more Term Notes to the assignee Lender.

• Each holder of a Credit-Linked Note or Term Note, by its acceptance of the respective note, will be deemed to have agreed to be bound by and to be entitled to the benefits of this Section 10.07 as though it were a party to this Agreement.

• The Borrower’s reimbursement obligations with respect to the Credit-Linked Letters of Credit issued pursuant to this Section 2.5 shall be evidenced by a Credit-Linked Note made payable to the Credit-Linked Issuing Lender in substantially the form of Schedule 2.5(j).

More Definitions of Credit Linked Note

Credit Linked Note means the promissory notes of the Borrower in favor of each Credit-Linked Issuing Lender evidencing the Borrower’s obligation to reimburse such Credit-Linked Issuing Lender for draws under Credit-Linked Letters of Credit provided by such Credit-Linked Issuing Lender pursuant to Section 2.5, as such promissory note may be amended, modified, restated, amended and restated, supplemented, extended, renewed or replaced from time to time.

Credit Linked Note means a Credit Linked Interest Note, a Credit Linked Redemption Note or a combination of the foregoing. In the case where a Credit Linked Note is a Credit Linked Interest Note only, the credit-linked redemption provisions in these Terms and Conditions shall not apply to it. In the case where a Credit Linked Note is a Credit Linked Redemption Note only, the credit-linked interest provisions in these Terms and Conditions shall not apply to it.

Credit Linked Note means the promissory notes of the Borrower in favor of each Credit-Linked Issuing Lender evidencing the Borrower's obligation to reimburse such Credit-Linked Issuing Lender for draws under Credit-Linked Letters of Credit provided by such Credit-Linked Issuing Lender pursuant to Section 2.5, as such promissory note may be amended, modified, restated, amended and restated, supplemented, extended, renewed or replaced from time to time.

Credit Linked Note means a Note in respect of which the Credit Linked Note Provisions are specified as applicable in the applicable Pricing Supplement.

Credit Linked Note means a Note in respect of which “Credit Linked Provisions” is specified as applicable in the relevant Issue Terms.

Credit Linked Note means Notes which are linked to the credit of one or more Reference Entities.

Credit Linked Note means a Note specified as such in the relevant Securities Note and shall include without limitation any Single Name CLN, Portfolio CLN or First to Default CLN.