Template:2014 ISDA Credit Derivatives Definitions 1.40

Section 1.40 Extension Date. “Extension Date” means the latest of (a) the Scheduled Termination Date, (b) the Grace Period Extension Date if (i) “Failure to Pay” and “Grace Period Extension” are specified as applicable in the related Confirmation and (ii) the Potential Failure to Pay with respect to the relevant Failure to Pay occurs on or prior to the Scheduled Termination Date and ( c) the Repudiation/Moratorium Evaluation Date (if any) if “Repudiation/Moratorium” is specified as applicable in the related Confirmation, as applicable.