Default Resolution Date definition

Default Resolution Date means, with respect to an Uncured Default, (i) the day (if any) on which Publicly Available Information exists confirming that such Potential Failure to Pay has been cured and ceases to exist, as determined by the Calculation Agent, provided that such Potential Failure to Pay is cured within the originally applicable grace period prior to the expiry of which the relevant obligation is not capable of being declared due and payable, and provided that such cure occurs before the occurrence of a Credit Event consisting of a Failure to Pay or (ii) the Grace Period Extension Date provided that no Event Determination Date has occurred on or prior to such Grace Period Extension Date.
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Related to Default Resolution Date

  • Resolution date means the date the funded amount, plus the

  • Initial Resolution Period As defined in Section 2.03(b).

  • Series Resolution means a resolution of the Corporation authorizing the issuance of a Series of Bonds in accordance with the terms and provisions of the General Trust Indenture, adopted by the Corporation in accordance with Section 204 of the General Trust Indenture.

  • Credit Event Resolution Request Date means, with respect to a notice to ISDA requesting that a Credit Derivatives Determinations Committee be convened to resolve:

  • Master Resolution means the Amended and Restated Master Resolution Establishing The University of Texas System Revenue Financing System adopted by the Board on February 14, 1991, as amended on October 8, 1993, and August 14, 1997.