Examples of Credit Observation Period in a sentence
Notice Delivery Period Extension Event: means that the Calculation Agent in its sole and absolute discretion determines that (a) a Credit Event has occurred or may have occurred during the Credit Observation Period and (b) an Event Determination Date has not occurred in respect of such Credit Event.
Notice Delivery Period Extension Event: means that the Calculation Agent in its sole and absolute discretion determines that either (a) a Credit Event has occurred or may have occurred during the Credit Observation Period in respect of a Reference Obligation and (b) an Event Determination Date has not occurred in respect of (i) such Credit Event or (ii) such Reference Obligation.
Credit Event Notice: means an irrevocable notice (which may be oral, including by telephone) from Buyer to Seller which describes a Credit Event that occurred during the Credit Observation Period.
Only Credit Events occurring between the Credit Event Backstop Date and the Credit Observation Period End Date (or a later date in some circumstances) shall affect the product (earlier or later Credit Events shall not be taken into account).If a Credit Event occurs with respect to the Reference Entity, the product will be redeemed on the Redemption Date following a Credit Event (as defined above) following the determination of the Recovery Rate (as described above).
Subject always to the Call Option provisions as set forth in paragraph 15 below, 17 February 2025 (the "Scheduled Maturity Date"), and further subject to adjustment in accordance with the Business Day Convention.For the avoidance of doubt, if a Credit Event Trigger has occurred with respect to the Reference Entity during the Credit Observation Period, the Maturity Date shall still occur on the Scheduled Maturity Date.