Template:2014 ISDA Credit Derivatives Definitions 1: Difference between revisions

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'''Section {{cddprov|1.45}} Grace Period Extension Date'''. “'''{{cddprov|Grace Period Extension Date}}'''” means, if (a) “'''{{cddprov|Grace Period Extension}}'''” is specified as applicable in the related {{cddprov|Confirmation}} and (b) a {{cddprov|Potential Failure to Pay}} occurs on or prior to the {{cddprov|Scheduled Termination Date}} , the date that is the number of days in the Grace Period after the date of such Potential {{cddprov|Failure to Pay}}. If “'''{{cddprov|Grace Period Extension}}'''” is not specified as applicable in the related Confirmation, Grace Period Extension shall not apply to the relevant {{cddprov|Credit Derivative Transaction}}.<br>
 
'''Section {{cddprov|1.46}} Grace Period'''. “'''{{cddprov|Grace Period}}'''” means:<br>
'''Section {{cddprov|1.46}} Grace Period'''. “'''{{cddprov|Grace Period}}'''” means:<br>
:(a) subject to Sections {{cddprov|1.46}}(b) and (c), the applicable grace period with respect to payments under and in accordance with the terms of such Obligation in effect as of the date as of which such Obligation is issued or incurred;<br>
:(a) subject to Sections {{cddprov|1.46}}(b) and (c), the applicable grace period with respect to payments under and in accordance with the terms of such Obligation in effect as of the date as of which such Obligation is issued or incurred;<br>
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