Nth to Default Transaction definition

Nth to Default Transaction means a Credit Derivative Transaction that references more than one Reference Entity pursuant to which Cash Settlement Amounts or Physical Settlement Amounts, as applicable, will only be paid to Buyer after the Conditions to Settlement have been satisfied in respect of any of the relevant Reference Entities that is the nth Reference Entity in respect of which an Event Determination Date has occurred, where "n" is a number specified for such purpose in the documentation in respect of the relevant Credit Derivative Transaction.
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Nth to Default Transaction means a Credit Derivative Transaction that references more than one Reference Entity pursuant to which Cash Settlement Amounts or Physical Settlement Amounts, as applicable, will only be paid to the Buyer after the Conditions to Settlement have been satisfied in respect of any of the relevant Reference Entities that is the nth Reference Entity in respect of which an Event Determination Date has occurred, where "n" is a number specified for such purpose in the Documentation in respect of the relevant Credit Derivative Transaction.
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Nth to Default Transaction means a Credit Derivative Transaction linked to more than one Reference Entity pursuant to which Cash Settlement Amounts or Physical Settlement Amounts will only be paid to Buyer after the occurrence of Credit Events in respect of a specified number of Reference Entities and for which Landsbanki was designated by the parties as the Nth to default.
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Examples of Nth to Default Transaction in a sentence

  • Except with respect to any First to Default Transaction or Nth to Default Transaction for which Landsbanki and Glitnir Banki hf are each Reference Entities (each such Transaction, an "Affected Transaction"), any Credit Event Notice, Notice of Publicly Available Information or Notice of Physical Settlement delivered with respect to Landsbanki or the Landsbanki Portion shall be deemed revoked, and neither party shall have any obligations with respect to any such notice.

  • Covered Non-Swaption Transaction means any Credit Derivative Transaction that is a Single Name CDS Transaction, a Constant Maturity Swap Transaction, a Principal Only Transaction, an Interest Only Transaction, a First to Default Transaction, an Nth to Default Transaction, a Recovery Lock Transaction, a Fixed Recovery Transaction, a Preferred CDS Transaction, a Reference Obligation Deliverable Transaction or a Bespoke Portfolio Transaction.

  • Covered Non-Swaption Transaction means any Credit Derivative Transaction that is a Single Name CDS Transaction, a Constant Maturity Swap Transaction, a Principal Only Transaction, an Interest Only Transaction, a First to Default Transaction, an Nth to Default Transaction, a Recovery Lock Transaction or a Bespoke Portfolio Transaction.

  • Any Except with respect to any First to Default Transaction or Nth to Default Transaction for which Landsbanki and Glitnir Banki hf are each Reference Entities (each such Transaction, an "Affected Transaction"), any Credit Event Notice, Notice of Publicly Available Information or Notice of Physical Settlement delivered with respect to Washington MutualLandsbanki or the Washington MutualLandsbanki Portion shall be deemed revoked, and neither party shall have any obligations with respect to any such notice.

  • He stated Walmart was closing 154 stores, the American and Chinese stock markets were not good, and the price of oil was low so everything was out of balance.

  • The documentation relating to each Auction Covered Transaction that is an Nth to Default Transaction is amended as follows: Notwithstanding anything to the contrary in the documentation, the final Fixed Rate Payer Calculation Period in respect of the Fixed Amount payable in respect of the Affected Reference Entity shall end on, and include, the Credit Event Resolution Request Date and the resulting Fixed Amount shall be paid on the Accrual Reference Date.

  • CurrencyMarch 31,2014March 31,2013USD890.71814.36Euro58.07(2.42)JPYNil(8.50)SEKNil5.3746 The subsidiary Company accounts for its direct expenses including depreciation as direct cost of construction, which are however charged, to the respective heads of accounts in consolidated accounts.47 Previous year’s figures have been regrouped, rearranged and reclassified wherever necessary.

  • The documentation relating to each Auction Covered Transaction that is an Nth to Default Transaction is amended as follows: Notwithstanding anything to the contrary in the documentation, the final Fixed Rate Payer Calculation Period in respect of the Fixed Amount payable in respect of the Affected Reference Entity shall end on, and include, the Credit Event Resolution Request Date and the resulting Fixed Amount shall be paid on the Auction Settlement Date.

  • Except with respect to any First to Default Transaction or Nth to Default Transaction for which Glitnir and Landsbanki and Glitnir BankiÍslands hf are each Reference Entities (each such Transaction, an "Affected Transaction"), any Credit Event Notice, Notice of Publicly Available Information or Notice of Physical Settlement delivered with respect to LandsbankiGlitnir or the LandsbankiGlitnir Portion shall be deemed revoked, and neither party shall have any obligations with respect to any such notice.


More Definitions of Nth to Default Transaction

Nth to Default Transaction means a Credit Derivative Transaction linked to more than one Reference Credit Agreement pursuant to which Cash Settlement Amounts or Physical Settlement Amounts will only be paid to the Buyer after the occurrence of Credit Events in respect of a specified number of Reference Credit Agreements.
Sample 1Sample 2
Nth to Default Transaction means a Credit Derivative Transaction that references more than one Reference Entity pursuant to which Cash Settlement Amounts or Physical Settlement Amounts, as applicable, will only be paid to Buyer after the Conditions to Settlement have been satisfied in respect of any of the relevant Reference Entities that is the nth Reference Entity in
Sample 1
Nth to Default Transaction means a Credit Derivative Transaction linked tothat references more than one Reference Entity pursuant to which Cash Settlement Amounts or Physical Settlement Amounts, as applicable, will only be paid to the Buyer after the occurrence of Credit Events in respect of a specified number of Reference EntitiesConditions to Settlement have been satisfied in respect of any of the relevant Reference Entities that is the nth Reference Entity in respect of which an Event Determination Date has occurred, where "n" is a number specified for such purpose in the Docuemntation in respect of the relevant Credit Derivative Transaction.
Sample 1

Related to Nth to Default Transaction

  • Liquidity Event of Default with respect to any Liquidity Facility, has the meaning assigned to such term in such Liquidity Facility.

  • Financial Covenant Event of Default has the meaning specified in Section 8.01(b).

  • Default under Specified Transaction provisions of Section 5(a)(v) will not apply to Party A and will not apply to Party B.

  • Credit Default Swap means any credit default swap entered into as a means to (i) invest in bonds, notes, loans, debentures or securities on a leveraged basis or (ii) hedge the default risk of bonds, notes, loans, debentures or securities.

  • Financial Covenant Default has the meaning assigned to such term in Section 8.01(6).

  • Default Event means an event or circumstance which leads Operator to determine that a Venue User is or appears to be unable or likely to become unable to meet its obligations in respect of an Order or Transaction or to comply with any other obligation under an Agreement or Applicable Law.

  • Note Event of Default means any “Event of Default” specified in Section 5.1 of the Indenture.

  • Loan Event of Default An “Event of Default” as defined in the Loan Agreement.

  • PTC Event of Default means, with respect to each Trust Agreement, the failure to pay within 10 Business Days after the due date thereof: (i) the outstanding Pool Balance of the applicable Class of Certificates on the Final Legal Distribution Date for such Class or (ii) interest due on such Certificates on any Distribution Date (unless the Subordination Agent shall have made an Interest Drawing or a withdrawal from the Cash Collateral Account relating to a Liquidity Facility for such Class, with respect thereto in an aggregate amount sufficient to pay such interest and shall have distributed such amount to the Trustee entitled thereto).

  • Financing Transaction means a transaction in which a licensed provider obtains financing from a financing entity including any secured or unsecured financing, any securitization transaction, or any securities offering which is either registered or exempt from registration under federal and state securities law.

  • Swap Default Any of the circumstances constituting an “Event of Default” under the Swap Agreement.

  • Triggering Event of Default means (i) any Event of Default with respect to an obligation of the Mortgage Loan Borrower to pay money due under the Mortgage Loan or (ii) any non-monetary Event of Default as a result of which the Mortgage Loan becomes a Specially Serviced Mortgage Loan (which, for clarification, shall not include any imminent Event of Default (i.e., subclause (vii) of the definition of Special Servicing Loan Event)).

  • Subsequent Transaction has the meaning set forth in Section 1.08.

  • Financing Transactions means (a) the execution, delivery and performance by each Loan Party of the Loan Documents to which it is to be a party and (b) the initial borrowing of Loans hereunder and the use of the proceeds thereof.

  • Acceleration Event of Default means an Event of Default under Section 5.1(a), (d), (e) or (f), whatever the reason for such Acceleration Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body.

  • Debt Repayment Triggering Event means any event or condition which gives, or with the giving of notice or lapse of time would give, the holder of any note, debenture or other evidence of indebtedness (or any person acting on such holder’s behalf) the right to require the repurchase, redemption or repayment of all or a portion of such indebtedness by the Company or any of its subsidiaries.

  • Specified Event of Default means any Event of Default under Section 8.01(a), (f) or (g).

  • Company Event of Default bears the meaning ascribed thereto in Section 13.1; “Company Notice of Default” bears the meaning ascribed thereto in Section 13.2;

  • Significant Transaction means a transaction which meets any one of the tests below:

  • cross-default obligation means a term of any agreement or arrangement whereby the Appointee's liability to pay or repay any debt or other sum arises or is increased or accelerated by reason of a default of any person other than the Appointee. 6.12 Without prejudice to the application of paragraph 6.2 the Appointee shall declare or pay dividends only in accordance with a dividend policy which has been approved by the Board of the Appointee and which complies with the following principles -

  • Restricted Payment Transaction means any Restricted Payment permitted pursuant to Section 409, any Permitted Payment, any Permitted Investment, or any transaction specifically excluded from the definition of the term “Restricted Payment” (including pursuant to the exception contained in clause (i) and the parenthetical exclusions contained in clauses (ii) and (iii) of such definition).

  • Financing Default means an event which would constitute (or with notice or lapse of time or both would constitute) an event of default (which event of default has not been cured) under or would otherwise violate or breach (i) any financing arrangement of the Company or any of its Subsidiaries in effect as of the time of the aforementioned event, and any extensions, renewals, refinancings or refundings thereof in whole or in part; and (ii) any provision of the Company's or any of its Subsidiary's constitutional documents.

  • Mortgage Loan Event of Default means an “Event of Default” as defined in the Mortgage Loan Agreement.

  • Debt Incurrence Prepayment Event means any issuance or incurrence by the Borrower or any of the Restricted Subsidiaries of any Indebtedness (excluding any Indebtedness permitted to be issued or incurred under Section 10.1 other than Section 10.1(o) or, except to the extent accompanied by a corresponding reduction of the Revolving Credit Commitments Section 10.1(y)).

  • Collateral Event of Default has the meaning set forth in Section 13.01(b).

  • Subject Transaction as defined in Section 6.8(d).