Default Requirement definition

Default Requirement means the amount specified as being applicable to the Reference Entity in the Standard, or its equivalent in the relevant Obligation Currency (or, if no such amount is specified, USD 10,000,000 or its equivalent in the relevant Obligation Currency) in either case, as of the occurrence of the relevant Credit Event.

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Default Requirement means the amount specified as such in the applicable Final Terms or its equivalent in the relevant Obligation Currency or, if a Default Requirement is not specified in the applicable Final Terms, USD10,000,000, or its equivalent as calculated by the Calculation Agent in the relevant Obligation Currency, in either case, as of the occurrence of the relevant Credit Event.

Default Requirement means the amount specified in the applicable Final Terms or its equivalent in the relevant Obligation Currency or, if Default Requirement is not so specified, USD 10,000,000 or its equivalent in the relevant Obligation Currency, in either case as of the occurrence of the relevant Credit Event.

Examples of Default Requirement in a sentence

Any such notice of re-designation to the holders shall be given within five (5) Business Days of the election of the Company to so re-designate any such Subsidiary and shall contain a certification by a Responsible Officer of the Company certifying as to the No Default Requirement.
Multiple Holder Obligation: Not Applicable Default Requirement: USD 10,000,000 or its equivalent in the relevant Obligation Currency as of the occurrence of the relevant Failure to Pay.
Any such notice of re-designation shall be given within five (5) Business Days of the election of the Company to so re-designate any such Subsidiary and shall contain a certification by a Responsible Officer certifying as to the No Default Requirement.
The Lender’s right to fix the Base Rate value through the term hereof shall automatically terminate on the date of the Failure to Pay (without regard to the relevant Default Requirement Threshold) falling after or concurrently with the event stipulated in sub-paragraph (i) of this paragraph (d).
Thereafter, the Company shall have the right, with respect to each Subsidiary referred to in this Section 9.8(c), on not more than three occasions (in the aggregate for such re-designations) for each such Subsidiary, to re-designate the status of each such Subsidiary as a “Restricted Subsidiary” or an “Unrestricted Subsidiary” by giving notice in reasonable detail of any such re-designation to the holders, subject, however, to the No Default Requirement.

More Definitions of Default Requirement

Default Requirement means U.S.$ 10,000,000 or its equivalent in any currency or currencies;

Default Requirement means USD 10,000,000 or its equivalent in the relevant Obligation Currency converted in US-Dollar as of the occurrence of the relevant Credit Event determined by reference to the relevant reference source used in foreign exchange swaps for the relevant exchange rate.

Default Requirement means USD 10,000,000 or its equivalent in the relevant Obligation Currency as of the occurrence of the relevant Credit Event.

Default Requirement means the amount as may be specified as such in the Final Terms or, if a Transaction Type is specified, the amount specified as such in the Physical Settlement Matrix or its equivalent in the relevant Obligation Currency (or, if no such amount is specified, U.S.$ 10,000,000 or its equivalent in the relevant Obligation Currency), in either case, as of the occurrence of the relevant Credit Event.

Default Requirement means USD 10,000,000 or the amount specified as such in the Confirmation for the applicable Credit Derivative Transaction (or in each case its equivalent in the Obligation Currency as of the occurrence of the relevant Credit Event).

Default Requirement means an amount of USD 10,000,000 or its equivalent in the relevant currency in which the Obligation is denominated at the time of occurrence of the respective Credit Event.

Default Requirement means the amount specified as such in these Credit Linked Conditions or its equivalent in the relevant Obligation Currency or, if no such amount is specified in these Credit Linked Conditions, USD 10,000,000 or its equivalent as calculated by the Calculation Agent in the relevant Obligation Currency, in either case, as of the occurrence of the relevant Credit Event.