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

'''Section {{cddprov|1.28}} {{cddprov|DC Credit Event Announcement}}'''. “'''{{cddprov|DC Credit Event Announcement}}'''” means, with respect to the {{cddprov|Reference Entity}}, a public announcement by the {{cddprov|DC Secretary}} that the relevant {{cddprov|Credit Derivatives Determinations Committee}} has {{cddprov|Resolved}} that an event that constitutes a {{cddprov|Credit Event}} for purposes of the {{cddprov|Credit Derivative Transaction}} has occurred on or after the {{cddprov|Credit Event Backstop Date}} and on or prior to the Extension Date, provided that if the {{cddprov|Credit Event}} occurred after the {{cddprov|Scheduled Termination Date}}, the {{cddprov|DC Credit Event Announcement}}must relate to the relevant Potential {{cddprov|Failure to Pay}}, in the case of a {{cddprov|Grace Period Extension Date}}, or the relevant {{cddprov|Potential Repudiation/Moratorium}}, in the case of a {{cddprov|Repudiation/Moratorium Evaluation Date}}.<br>

'''Section {{cddprov|1.29}} {{cddprov|DC No Credit Event Announcement}}'''. “'''{{cddprov|DC No Credit Event Announcement}}'''” means, with respect to the {{cddprov|Reference Entity}}, a public announcement by the {{cddprov|DC Secretary}} that the relevant {{cddprov|Credit Derivatives Determinations Committee}} has {{cddprov|Resolved}} that an event that is the subject of a {{cddprov|DC Credit Event Question}} does not constitute a {{cddprov|Credit Event}} for purposes of the {{cddprov|Credit Derivative Transaction}}.<br>