Event Determination Date definition
Examples of Event Determination Date in a sentence
Notwithstanding that the Settlement Method is Physical Settlement, if the Floating Rate Payer Calculation Amount as at the Event Determination Date is less than USD 50,000 (if the Original Notional Amount is denominated in USD) or EUR 50,000 (if the Original Notional Amount is denominated in EUR), as applicable, then the Settlement Method in respect of the Component Transaction shall be deemed to be Cash Settlement.
For the purposes of this Clause 7.4 only, the terms relating to Cash Settlement shall be as follows: Valuation Date: Single Valuation Date: A Business Day that is not less than 52 Business Days and not more than 122 Business Days following the Event Determination Date, as selected by [].
Investors bear the risk of a total loss of principal if a Credit Event and a Relevant Event Determination Date occur.
Following a Credit Event Determination Date, subject to the Cash Settlement procedures and the Physical Settlement procedures, if applicable, the Issuer is entitled to select one or more Valuation Obligations for delivery (or, if Cash Settlement applies, for valuation) which has the lowest value in the market at the relevant time, provided such obligation satisfies certain specifications and limits for qualification as a Valuation Obligation.
The Intermediary hereby undertakes to notify promptly the Counterparty upon the occurrence of one or more Trigger Event(s) by sending to the Counterparty a notice in the form of Schedule 10 (Form of Trigger Event Notice) and to provide the Counterparty on each Trigger Event Determination Date with information relating to (as applicable) (a) the aggregate value of the Collateral on such date, (b) the aggregate Defaulted Amounts incurred on such date and (c) the Actual Portfolio Volume on such date.