Repudiation/Moratorium means the occurrence of both of the following events: (i) an authorised officer of a Reference Entity or a Governmental Authority (x) disaffirms, disclaims, repudiates or rejects, in whole or in part, or challenges the validity of, one or more Obligations in an aggregate amount of not less than the Default Requirement or (y) declares or imposes a moratorium, standstill, roll-over or deferral, whether de facto or de jure, with respect to one or more Obligations in an aggregate amount of not less than the Default Requirement and (ii) a Failure to Pay, determined without regard to the Payment Requirement, or a Restructuring, determined without regard to the Default Requirement, with respect to any such Obligation occurs on or prior to the Repudiation/Moratorium Evaluation Date.
Repudiation/Moratorium means the occurrence of both of the following events:
Repudiation/Moratorium means that the Reference Entity or Governmental Authority (a) disaffirms, disclaims, repudiates or rejects, in whole or in part, or challenges the validity of, one or more Obligations in an aggregate amount not less than the Default Requirement, or (b) declares or imposes a moratorium, standstill or deferral, whether de facto or de jure, with respect to one or more Obligations in an aggregate amount of not less than the Default Requirement.
More Definitions of Repudiation/Moratorium
Repudiation/Moratorium means, in respect of the Reference Asset, the occurrence of both of the following events:
Repudiation/Moratorium means any Collateral Issuer or Governmental Authority
Repudiation/Moratorium means, with respect to any Reference Entity, the occurrence of both of the following events:
Repudiation/Moratorium means, with respect to the Reference Security, the occurrence of both of the following events:
Repudiation/Moratorium means the occurrence of both of the following events: an authorised officer of the Reference Entity or a Governmental Authority (i) disaffirms, disclaims, repudiates or rejects, in whole or in part, or challenges the validity of, the Bond, or (ii) declares or imposes a moratorium, standstill, roll-over or deferral, whether de facto or de jure, with respect to the Bond; and a Failure to Pay or a Restructuring occurs in respect of the Bond on or prior to the later of (i) the date that is 60 days after the occurrence of an event described in paragraph (a) above, and (ii) the first payment date under the Bond following the occurrence of an event described in paragraph (a), taking into account any grace period applicable to the terms of the Bond as of the Trade Date.
Repudiation/Moratorium means, with respect to the Reference Security, the occurrence of both of the following events: (i) an authorized officer of the Reference Entity or a Governmental Authority (a) disaffirms, disclaims, repudiates or rejects, in whole or in part, or challenges the validity of, the Reference Security or (b) declares or imposes a moratorium, standstill, roll-over or deferral, whether de facto or de jure, with respect to the Reference Security and (ii) a failure to pay or a Restructuring with respect to the Reference Security occurs on or prior to the date that is the later of (a) the date that is 60 days after the occurrence of an event described in paragraph
Repudiation/Moratorium means the occurrence of both of the following events: (i) an authorised officer of a Reference Entity or a Governmental Authority (x) disaffirms, disclaims, repudiates or rejects, in whole or in part, or challenges the validity of, one or more Obligations in an aggregate amount of not less than USD10,000,000 (or its equivalent in other currencies) or (y) declares or imposes a moratorium, standstill, roll-over or deferral, whether de facto or de jure, with respect to one or more Obligations in an aggregate amount of not less than USD10,000,000 (or its equivalent in other currencies) and (ii) a Failure to Pay, determined without regard to the Payment Requirement, or a Restructuring, determined without regard to any minimum aggregate amount, with respect to any such Obligation occurs on or prior to the Repudiation/Moratorium Evaluation Date.