Template:2014 ISDA Credit Derivatives Definitions 1.32

Section 1.32 Credit Event Notice. “Credit Event Notice” means an irrevocable notice from a Notifying Party to the other party that describes a Credit Event that occurred on or after the Credit Event Backstop Date and on or prior to the Extension Date.
Any Credit Event Notice that describes a Credit Event that occurred after the Scheduled Termination Date must relate to the relevant Potential Failure to Pay, in the case of a Grace Period Extension Date, or the relevant Potential Repudiation/Moratorium, in the case of a Repudiation/Moratorium Evaluation Date. A Credit Event Notice that describes a Credit Event other than an M(M)R Restructuring} must be in respect of the full Floating Rate Payer Calculation Amount. A Credit Event Notice must contain a description in reasonable detail of the facts relevant to the determination that a Credit Event has occurred. The Credit Event that is the subject of the Credit Event Notice need not be continuing on the date the Credit Event Notice is effective. A form of Credit Event Notice is set forth in Exhibit B.