Modified Restructuring definition
Modified Restructuring means that the Restructuring Credit Event is applicable with the Deliverable Obligations being subject to Restructuring Maturity Limitation and Fully Transferable Obligation (known as “Mod R”).
Examples of Modified Restructuring in a sentence
Where the terms of any Credit Linked Notes state that "Restructuring Maturity Limitation Date and Fully Transferable Obligation" or "Modified Restructuring Maturity Limitation Date and Conditionally Transferable Obligation" is applicable in respect of a Reference Entity, and the only relevant Credit Event is a Restructuring, several concurrent but separate Auctions may occur with respect to such Reference Entity and such Credit Event.