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

Template:2014 ISDA Credit Derivatives Definitions 1 (view source)

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-'''Section {{cddprov|1.39}} {{cddprov|Credit Event}} Backstop Date'''. “'''{{cddprov|Credit Event Backstop Date}}'''” means (a) for purposes of any event that constitutes a {{cddprov|Credit Event}} for purposes of the {{cddprov|Credit Derivative Transaction}} (or with respect to a {{cddprov|Repudiation/Moratorium}}, if applicable, the event described in Section {{cddprov|4.6}}(a)(ii) ({{cddprov|Repudiation/Moratorium}})), as determined by {{cddprov|DC Resolution}}, the date that is sixty calendar days prior to the {{cddprov|Credit Event Resolution Request Date}}, or (b) otherwise, the date that is sixty calendar days prior to the earlier of (i) the Notice {{cddprov|Delivery Date}}, if the {{cddprov|Notice Delivery Date}} occurs during the {{cddprov|Notice Delivery Period}} and (ii) the {{cddprov|Credit Event Resolution Request Date}}, if the {{cddprov|Notice Delivery Date}} occurs during the {{cddprov|Post Dismissal Additional Period}}. The {{cddprov|Credit Event Backstop Date}} shall not be subject to adjustment in accordance with any {{cddprov|Business Day Convention}}.<br>
 '''Section {{cddprov|1.40}} Extension Date'''. “'''{{cddprov|Extension Date}}'''” means the latest of (a) the {{cddprov|Scheduled Termination Date}}, (b) the {{cddprov|Grace Period Extension Date}} if (i) “'''{{cddprov|Failure to Pay}}'''” and “'''{{cddprov|Grace Period Extension}}'''” are specified as applicable in the related {{cddprov|Confirmation}} and (ii) the {{cddprov|Potential Failure to Pay}} with respect to the relevant {{cddprov|Failure to Pay}} occurs on or prior to the {{cddprov|Scheduled Termination Date}} and ( c) the {{cddprov|Repudiation/Moratorium Evaluation Date}} (if any) if “'''{{cddprov|Repudiation/Moratorium}}'''” is specified as applicable in the related Confirmation, as applicable.<br>
 '''Section {{cddprov|1.41}} Exercise Cut'''-off Date. “'''{{cddprov|Exercise Cut-off Date}}'''” means either:<br>