DBR Sample Clauses

DBR. No Secured Party shall be considered (i) to own, have or be acquiring a Financial interest in TRT, its subsidiaries or affiliates, for purposes of applicable licensing requirements or approvals pursuant to Rhode Island statutes or DBR regulations or (ii) within the provisions of the Regulatory Agreement, as amended hereby, (a) to own, hold or be acquiring an Equity Interest in TRT, its subsidiaries and/or affiliates, for purposes of the Regulatory Agreement, as amended hereby, or (b) to be Person owning, holding or acquiring a direct or indirect Financial Interest in TRT for purposes of Section 3, Section 5 or Section 7 of the Regulatory Agreement, as amended hereby, solely because (in any such case) such Secured Party’s interest is secured by Pledges of shares or membership interest (s applicable) of TRT, its parent and certain affiliates, and/or by mortgages and/or other security interests in real estate owned or leased by TRT, its subsidiaries and/or affiliates (including in the real estate on which the Tiverton Casino is located.)
Sample 1
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DBR. A Secured Party (a) would own, hold or be deemed to be acquiring (or have acquired) an Equity Interest in TRT, its subsidiaries and/or affiliates, for purposes of the Regulatory Agreement, as amended hereby, and (b) would be a Person owning, holding or acquiring a direct or indirect equity Financial Interest in TRT for purposes of Section 3, Section 5 and Section 7 of the Regulatory Agreement, as amended hereby, for purposes of applicable licensing requirements or approvals pursuant to Rhode Island statutes or DBR regulations upon, but no before, its enforcement of the Pledges of shares or membership interests (as applicable) of TRT or its parent entities (i.e., acquiring ownership of such pledged shares or membership interests (as applicable)). Accordingly, the enforcement of the Pledges of shares or membership interests (as applicable) in TRT or its parent entities by a Secured Party shall be subject to compliance with applicable Rhode Island statutes and DBR regulations, any other applicable laws and regulations, and any applicable agreements with the Division and/or DBR prior to and as a condition precedent to the Secured Party acquiring ownership of said shares or membership interests.
Sample 1
DBR. A Secured Party having an interest secured by a mortgage or other security interest in the real estate on which the Tiverton Casino is located would be deemed a Person owning, acquiring or having a direct or indirect equity Financial Interest in TRT for purposes of Section 3, Section 5 and Section 7 of the Regulatory Agreement, as amended hereby, upon, but not before, its enforcement of the aforementioned mortgage or other security interest in the real estate on which the Tiverton Casino, is located which results in the acquisition of the title to such real estate, it being understood that such acquisition of title shall be subject to prior compliance with applicable Rhode Island statutes and DBR regulations. Accordingly, enforcement of the aforementioned mortgage or other security interest by a Secured Party which would result in the acquisition of the title to the real estate upon which the Tiverton Casino is located through foreclosure shall be subject to prior compliance with applicable Island statutes and DBR regulations, any other applicable laws or regulations, and any applicable agreements with the Division and/or DBR prior to the acquisition of title to said real estate.
Sample 1

Related to DBR

  • Moody’s 37 Mortgage.....................................................................37

  • Credit Rating The credit facilities provided for under this Agreement shall have been assigned a credit rating by S&P and Xxxxx’x.

  • Credit Ratings Use commercially reasonable efforts to maintain at all times (a) a credit rating by each of S&P and Xxxxx’x in respect of the Term Facility and (b) a public corporate rating by S&P and a public corporate family rating by Xxxxx’x for the Borrower, in each case with no requirement to maintain any specific minimum rating.

  • Ratings No “nationally recognized statistical rating organization” as such term is defined for purposes of Rule 436(g)(2) (i) has imposed (or has informed the Company that it is considering imposing) any condition (financial or otherwise) on the Company’s retaining any rating assigned to the Company or any securities of the Company or (ii) has indicated to the Company that it is considering any of the actions described in Section 7(c)(ii) hereof.

  • Reserve Percentage For any Interest Period, that percentage which is specified three (3) Business Days before the first day of such Interest Period by the Board of Governors of the Federal Reserve System (or any successor) or any other governmental or quasi-governmental authority with jurisdiction over Agent or any Lender for determining the maximum reserve requirement (including, but not limited to, any marginal reserve requirement) for Agent or any Lender with respect to liabilities constituting of or including (among other liabilities) Eurocurrency liabilities in an amount equal to that portion of the Loan affected by such Interest Period and with a maturity equal to such Interest Period.

  • Rating Agency Downgrade In the event that DBAG’s short-term unsecured and unsubordinated debt rating is reduced below “A-1” by S&P or, if DBAG has both a long-term credit rating and a short-term credit rating from Moody’s, and either its long-term unsecured and unsubordinated debt rating is withdrawn or reduced below “A2” by Moody’s or its short-term credit rating is withdrawn or reduced below “P-1” by Moody’s (and together with S&P, the “Swap Rating Agencies”, and such rating thresholds, “Approved Rating Thresholds”), then within 30 days after such rating withdrawal or downgrade, DBAG shall, subject to the Rating Agency Condition and at its own expense, either (i) cause another entity to replace DBAG as party to this Agreement that meets or exceeds the Approved Rating Thresholds on terms substantially similar to this Agreement, (ii) obtain a guaranty of, or a contingent agreement of another person with the Approved Rating Thresholds, to honor, DBAG’s obligations under this Agreement, (iii) post collateral which will be sufficient to restore the immediately prior ratings of the Certificates and any Notes, or (iv) establish any other arrangement which will be sufficient to restore the immediately prior ratings of the Certificates and any Notes. In the event that DBAG’s long-term unsecured and unsubordinated debt rating is reduced below “BBB-” or its short-term unsecured and unsubordinated debt rating is reduced below “A-3” or is withdrawn by S&P or DBAG’s long-term unsecured and unsubordinated debt rating is withdrawn or reduced below “A3” by Moody’s or its short-term credit rating is reduced below “P-2” by Moody’s, then within 10 days after such rating withdrawal or downgrade, DBAG shall, subject to the Rating Agency Condition and at its own expense, either (i) cause another entity to replace DBAG as party to this Agreement that meets or exceeds the Approved Rating Thresholds on terms substantially similar to this Agreement or (ii) obtain a guaranty of, or a contingent agreement of another person with the Approved Rating Thresholds to honor, DBAG’s obligations under this Agreement. In either case, DBAG shall deliver collateral acceptable to the Swap Rating Agencies until DBAG has made such transfer or obtained a guaranty as set forth in (i) and (ii) above. For purposes of this provision, “Rating Agency Condition” means, with respect to any particular proposed act or omission to act hereunder that the party acting or failing to act must consult with each of the Swap Rating Agencies then providing a rating of the Certificates and any Notes and receive from each of the Swap Rating Agencies a prior written confirmation that the proposed action or inaction would not cause a downgrade or withdrawal of the then-current rating of the Certificates or any Note.

  • Debt Rating The Liquidity Provider has a short-term debt ratings of “P-1” from Xxxxx’x and “F1+” from Fitch.

  • Required Ratings The Offered Certificates shall have received Required Ratings of at least [ ] from [ ].

  • Rating Agency Fees The Depositor shall pay (or cause to be paid) the annual fees of each Rating Agency including, but not limited to, surveillance fees.

  • Second Rating Trigger Replacement If (A) a Required Ratings Downgrade Event has occurred and been continuing for 30 or more Local Business Days and (B) (i) at least one Eligible Replacement has made a Firm Offer to be the transferee of all of Party A's rights and obligations under this Agreement (and such Firm Offer remains an offer that will become legally binding upon such Eligible Replacement upon acceptance by the offeree) and/or (ii) an Eligible Guarantor has made a Firm Offer to provide an Eligible Guarantee (and such Firm Offer remains an offer that will become legally binding upon such Eligible Guarantor immediately upon acceptance by the offeree), then an Additional Termination Event shall have occurred with respect to Party A and Party A shall be the sole Affected Party with respect to such Additional Termination Event.

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