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:provided that, unless the {{cddprov|Repudiation/Moratorium Extension Condition}} is satisfied the {{cddprov|Repudiation/Moratorium Evaluation Date}} must occur by the {{cddprov|Scheduled Termination Date}}.<br> | :provided that, unless the {{cddprov|Repudiation/Moratorium Extension Condition}} is satisfied the {{cddprov|Repudiation/Moratorium Evaluation Date}} must occur by the {{cddprov|Scheduled Termination Date}}.<br> | ||
:(c) “'''{{cddprov|Potential Repudiation/Moratorium}}'''” means an event described in Section {{cddprov|4.6}}(a)(i).<br> | :(c) “'''{{cddprov|Potential Repudiation/Moratorium}}'''” means an event described in Section {{cddprov|4.6}}(a)(i).<br> | ||
:(d) The “'''{{cddprov|Repudiation/Moratorium Extension Condition}}'''” is satisfied | :(d) The “'''{{cddprov|Repudiation/Moratorium Extension Condition}}'''” is satisfied if: | ||
::(i) | ::(i) the {{cddprov|DC Secretary}} publicly announces, following a valid request received no later than fourteen calendar days after the {{cddprov|Scheduled Termination Date}}, that the relevant {{cddprov|Credit Derivatives Determinations Committee}} has {{cddprov|Resolved}} that a {{cddprov|Potential Repudiation/Moratorium}} occurred to an {{cddprov|Obligation}} of the {{cddprov|Reference Entity}} on or before the {{cddprov|Scheduled Termination Date}}, or | ||
::(ii) | ::(ii) the {{cddprov|Notifying Party}} delivers a {{cddprov|Repudiation/Moratorium Extension Notice}} and, if required, a {{cddprov|Notice of Publicly Available Information}} each effective no later than fourteen calendar days after the {{cddprov|Scheduled Termination Date}}. | ||
:(e) “'''{{cddprov|Repudiation/Moratorium Extension Notice}}'''” means an irrevocable notice from the {{cddprov|Notifying Party}} | :In all cases, the {{cddprov|Repudiation/Moratorium Extension Condition}} will be not be satisfied to the extent that, the {{cddprov|DC Secretary}} publicly announces that the {{cddprov|Credit Derivatives Determinations Committee}} has {{cddprov|Resolved}} that either (A) the event is not a {{cddprov|Potential Repudiation/Moratorium}}, or (B) it is, but it happened after the {{cddprov|Scheduled Termination Date}} .<br> | ||
:(e) “'''{{cddprov|Repudiation/Moratorium Extension Notice}}'''” means an irrevocable notice from the {{cddprov|Notifying Party}} describing a {{cddprov|Potential Repudiation/Moratorium}} that occurred by the {{cddprov|Scheduled Termination Date}} containing a reasonably detailed description of the {{cddprov|Potential Repudiation/Moratorium}} has occurred and indicate the date of the occurrence. The {{cddprov|Potential Repudiation/Moratorium}} that is the subject of the {{cddprov|Repudiation/Moratorium Extension Notice}} need not be continuing on the date the {{cddprov|Repudiation/Moratorium Extension Notice}} is effective. A form of {{cddprov|Repudiation/Moratorium Extension Notice}} is set forth in Exhibit D.<br> |