Template:2014 ISDA Credit Derivatives Definitions 1.45

Section 1.45 Grace Period Extension Date. “Grace Period Extension Date” means, if (a) “Grace Period Extension” is specified as applicable in the related Confirmation and (b) a Potential Failure to Pay occurs on or prior to the Scheduled Termination Date , the date that is the number of days in the Grace Period after the date of such Potential Failure to Pay. If “Grace Period Extension” is not specified as applicable in the related Confirmation, Grace Period Extension shall not apply to the relevant Credit Derivative Transaction.