Succession Event Determination definition

Succession Event Determination means an announcement by ISDA that the relevant Credit Derivatives Determination Committee has identified a Successor in respect of the Authority as the Reference Entity in respect of Credit Derivative Transactions referencing the Authority and the occurrence of the Succession Date in respect thereof. “Credit Derivatives Determination Committee”, “Successor”, “Reference Entity”, “Credit Derivative Transaction” and “Succession Date” each have the meaning assigned under the ISDA Credit Derivatives Definitions.
View Source
Succession Event Determination shall have the meaning given in the 2003 ISDA Credit Derivatives Definitions as published by the International Swaps and Derivatives Association, Inc.
View Source
Succession Event Determination means the occurrence of a "Succession Event", as such term is defined in the 2003 ISDA Credit Derivatives Definitions as published by the International Swaps and Derivatives Association, Inc.
View Source

Examples of Succession Event Determination in a sentence

  • In the event that a Credit Event Determination or a Succession Event Determination occurs with respect to the Borrower, the principal amount of the Loan then outstanding, and accrued interest on the Loan, and all other amounts payable by Borrower hereunder, together with the Make-Whole Amount, Prepayment Premium and any Breakage Costs shall automatically become immediately due and payable without demand, protest or other formalities of any kind, all of which are hereby expressly waived by Borrower.

  • In the event that a Credit Event Determination or a Succession Event Determination occurs with respect to a Loan Party, the principal amount of the Loan then outstanding, and accrued interest on the Loan, and all other amounts payable by Borrower hereunder, together with the Make-Whole Amount, Prepayment Premium and any Breakage Costs shall automatically become immediately due and payable without demand, protest or other formalities of any kind, all of which are hereby expressly waived by Borrower.