Defaulted Credit definition
Defaulted Credit means, on any day, each Reference Entity in respect of which an Event Determination Date has occurred (save for where the Reference Entity is a Reference Entity in respect of which an Event Determination Date relating only to an M(M)R Restructuring has occurred, in which case that Reference Entity shall, in relation to the Remaining Credit Position, be treated as a non-Defaulted Credit).
Defaulted Credit means, on any day, each Reference Entity in respect of which the Conditions to Settlement have been satisfied (save for where the Reference Entity is a Reference Entity in respect of which either “Restructuring Maturity Limitation and Fully Transferable Obligation Applicable” or “Modified Restructuring Maturity Limitation and Conditionally Transferable Obligation Applicable” is specified in the relevant Standard and “Multiple Credit Event Notices” is also specified as applicable in such Standard and in respect of which an Event Determination Date relating only to a Restructuring has occurred, in which case that Reference Entity shall, in relation to the Remaining Credit Position, be treated as a non-Defaulted Credit).
Defaulted Credit means, on any day, each Reference Entity in respect of which a Credit Event Date has occurred or, in the case of a Reference Entity in respect of which “Multiple Credit Event Notices” is stated to be applicable in the relevant Standard and in respect of which a Restructuring Credit Event has occurred, and subject to the terms hereof, in respect of which the Calculation Agent has given a Valuation Date Designation Notice to (i) in respect of the Notes, the Company and (ii) in respect of the Swap Transaction, the Issuing Counterparty.
More Definitions of Defaulted Credit
Defaulted Credit has the meaning specified in the definition of “Defaulting Lender”.
Defaulted Credit means, on any day, each Reference Entity in respect of which a Credit Event Date has occurred.
Defaulted Credit means, on any day, each Reference Entity in respect of which the Conditions to Settlement have been satisfied (save for where the Reference Entity is a Reference Entity in
Defaulted Credit means, on any day, each Reference Entity with respect to which an Event Determination Date has occurred (save for where a Reference Entity is a Reference Entity with respect to which an Event Determination Date relating only to an M(M)R Restructuring has occurred, in which case that Reference Entity shall, with respect to the Remaining Credit Position, be treated as a non-Defaulted Credit).