Template:Nutshell Credit Derivatives 4.5: Difference between revisions
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Amwelladmin (talk | contribs) Created page with "'''Section {{cddprov|4.5}}. “'''{{cddprov|Failure to Pay}}'''” means, after any {{cddprov|Grace Period}}s that could apply have expired, the {{cddprov|Reference Entity}}..." Tags: Mobile edit Mobile web edit |
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Section {{cddprov|4.5}}. “'''{{cddprov|Failure to Pay}}'''” means, after any {{cddprov|Grace Period}}s that could apply have expired, the {{cddprov|Reference Entity}}’s failure to make payment under any {{cddprov|Obligations}}, totalling at least the {{cddprov|Payment Requirement}}, as required by the terms of such {{cddprov|Obligations}}.<br> | |||
Latest revision as of 08:27, 24 April 2023
Section 4.5. “Failure to Pay” means, after any Grace Periods that could apply have expired, the Reference Entity’s failure to make payment under any Obligations, totalling at least the Payment Requirement, as required by the terms of such Obligations.