Rating Downgrade. (a) If, at any time, a Downgrade occurs and the downgrade constitutes a Minor Downgrade, Party A shall, within 30 days (or such greater period as agreed to in writing by the relevant Designated Rating Agency), comply with Section 17(c).
Rating Downgrade. Subsequent to the Applicable Time, there shall not have been any decrease in the rating of the Partnership’s debt securities, if any, by any “nationally recognized statistical rating organization” (as defined for purposes of Rule 436(g) under the Act) or any notice given of any intended or potential decrease in any such rating or of a possible change in any such rating that does not indicate the direction of the possible change.
Rating Downgrade. (a) If BSFP fails to satisfy the Required Ratings (a “Ratings Event”), then BSFP shall, at its own expense and subject to the Rating Agency Condition, either
Rating Downgrade. Any downgrade in the rating of the Borrower (determined by any credit rating agency accredited by the RBI) by one or more notches from that subsisting as on the date of this Agreement.
Rating Downgrade. (i) Moody's: If, during the term of any Offshore Notes rated Aaa (Moody's) issued by Party B, the credit rating assigned to Party A's senior debt is lower than the relevant Prescribed Rating, and such downgrade would except for this clause adversely affect the rating of the Offshore Notes, then Party A must on request by the Global Trust Manager lodge sufficient cash or other collateral (if any) as may be necessary to maintain the credit rating of those Offshore Notes at the rating that was applicable to those Offshore Notes immediately prior to the downgrade. This collateral must be lodged with an Eligible Bank and any interest earned on it is payable to Party A. If Party A is an eligible entity as at the date of lodgement, the collateral must be lodged with Party A (in an account in the name of Party B) and remain with Party A for so long as it continues to be an eligible entity. If collateral is lodged under this paragraph the parties must execute an amending agreement incorporating into this Agreement the 1995 ISDA Credit Support Annex (Bilateral Form - Transfer), and until executed the 1995 ISDA Credit Support Annex will be taken to supplement and form part of this Agreement, and any collateral lodged under this paragraph is subject to its terms, as if the Credit Support Annex were incorporated into this Agreement (but without any Paragraph 11 other than as necessary to give effect to the obligations described in this Part 5(24)(i)) prior to the lodgement of any such collateral.
Rating Downgrade. (a) If at any time Party A does not have a credit rating equal to or higher than the Required Rating it must, at its cost alone:
Rating Downgrade. The long-term unenhanced rating on the Relevant Indebtedness shall be withdrawn, suspended (other than any such withdrawal that results from the payment, redemption or defeasance of the applicable Relevant Indebtedness) or reduced below a rating of “Baa2” by Xxxxx’x or “BBB” by Standard & Poor’s or “BBB” by Fitch; or
Rating Downgrade it shall promptly notify each of the Dealers of any downgrading or withdrawal of, or the placing on “creditwatch” (or other similar publication of formal review by the relevant rating organisation) of, the rating of its debt securities by any statistical rating organisation generally recognised by banks, securities houses and investors in the euro- markets, as soon as it learns of such downgrading or proposal;
Rating Downgrade a statement as to the occurrence of any Rating Downgrade or Rating Upgrade since the date of the last certificate delivered pursuant to this Section 7.2 and information (including detailed calculations) indicating whether the holder of a Note is at the time entitled to request that the Company obtain a rating for the Notes pursuant to Section 9.8;
Rating Downgrade. (i) [Insert ratings downgrade procedure in respect of each of the applicable ratings agencies]
