Common use of Moody’s First Rating Trigger Collateral Clause in Contracts

Moody’s First Rating Trigger Collateral. Party A has failed to comply with or perform any obligation to be complied with or performed by Party A in accordance with the Credit Support Annex to this Schedule and either (1) the Moody's Second Rating Trigger Requirements do not apply or (2) less than 30 Local Business Days have elapsed since the last time the Moody's Second Rating Trigger Requirements did not apply.

Appears in 2 contracts

Samples: Amendment and Restatement Agreement, Amendment and Restatement Agreement

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Moody’s First Rating Trigger Collateral. Party A has failed to comply with or perform any obligation to be complied with or performed by Party A in accordance with the Credit Support Annex entered into between Party A and Party B in relation to this Schedule Agreement and either none of the following is applicable: (1x) the Moody's ’s Second Rating Trigger Requirements do not apply Requirements, or (2y) less fewer than 30 Local Business Days have elapsed since the last time the Moody's ’s Second Rating Trigger Requirements did not applyRequirements, or (z) Moody’s has ceased to rate the Notes.

Appears in 1 contract

Samples: Schedule to the Isda Master Agreement

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Moody’s First Rating Trigger Collateral. Party A has failed to comply with or perform any obligation to be complied with or performed by Party A in accordance with the Credit Support Annex to this Schedule and either (1x) the Moody's ’s Second Rating Trigger Requirements do not apply or (2y) less than 30 Local Business Days have elapsed since the last time the Moody's ’s Second Rating Trigger Requirements did not apply.; or

Appears in 1 contract

Samples: Master Agreement (Capital One Prime Auto Receivables Trust 2007-1)

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