Template:2014 ISDA Credit Derivatives Definitions 2.2(k)

Revision as of 16:33, 11 May 2023 by Amwelladmin (talk | contribs) (Created page with ":{{cddprov|2.2(k)}} “'''{{cddprov|Successor Backstop Date}}'''” means for purposes of any {{cddprov|Successor}} determination determined by {{cddprov|DC Resolution}}, the date that is ninety calendar days prior to the {{cddprov|Successor Resolution Request Date}} otherwise, the date that is ninety calendar days prior to the earlier of (i) the date on which the {{cddprov|Successor Notice}} is effective and (ii) in circumstances where (A) a {{cddprov|Successor Resoluti...")
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2.2(k)Successor Backstop Date” means for purposes of any Successor determination determined by DC Resolution, the date that is ninety calendar days prior to the Successor Resolution Request Date otherwise, the date that is ninety calendar days prior to the earlier of (i) the date on which the Successor Notice is effective and (ii) in circumstances where (A) a Successor Resolution Request Date has occurred, (B) the relevant Credit Derivatives Determinations Committee has Resolved not to make a Successor determination and (C) the Successor Notice is delivered by one party to the other party not more than fourteen calendar days after the day on which the DC Secretary publicly announces that the relevant Credit Derivatives Determinations Committee has Resolved not to make a Successor determination, the Successor Resolution Request Date. The Successor Backstop Date shall not be subject to adjustment in accordance with any Business Day Convention.