Approved Ratings Threshold definition
Examples of Approved Ratings Threshold in a sentence
As used in this Agreement, the following terms shall have the meanings set forth below, unless the context clearly requires otherwise: "Approved Ratings Threshold" means each of the S&P Approved Ratings Threshold and the Moody's First Trigger Ratings Threshold.
In the event that a Required Ratings Downgrade Event has occurred and is continuing, then Party A shall, as soon as reasonably practicable and so long as such Required Ratings Downgrade Event is in effect, at its own expense, using commercially reasonable efforts, procure either (A) a Permitted Transfer or (B) an Eligible Guarantee from an entity with credit ratings from S&P at least equal to the S&P Approved Ratings Threshold.
As used in this Agreement, the following terms shall have the meanings set forth below, unless the context clearly requires otherwise: “Approved Ratings Threshold” means each of the S&P Approved Ratings Threshold and the ▇▇▇▇▇’▇ First Trigger Ratings Threshold.
If a Required Ratings Downgrade Event has occurred and is continuing, then Party A shall, at its own expense, use commercially reasonable efforts to, as soon as reasonably practicable, either (A) effect a Permitted Transfer or (B) procure an Eligible Guarantee by a guarantor with credit ratings at least equal to the S&P Required Ratings Threshold, the ▇▇▇▇▇’▇ Second Trigger Threshold, and the DBRS Approved Ratings Threshold.
At any time at which no Relevant Entity has credit ratings at least equal to the Approved Ratings Threshold, Party A may make a Permitted Transfer.
Obtain a guaranty, subject to the Rating Agency Condition and at Party A’s expense of Party A’s obligations under this Transaction from a third party that meets or exceeds the Approved Ratings Threshold, in form and substance.
At any time at which no Relevant Entity has credit ratings at least equal to the Approved Ratings Threshold, Party A may make a Permitted Transfer.” "Notwithstanding anything to the contrary in Section 7 and Section 6(b)(ii) of the Agreement, Party A may make a Permitted Transfer to any Affiliate of ▇▇▇▇▇▇ Brothers Holdings Inc.
Obtain a guaranty, subject to the Rating Agency Condition and at Party A's expense of Party A's obligations under this Transaction from a third party that meets or exceeds the Approved Ratings Threshold, in form and substance.
As used in this Annex: “Collateral Event” means that no Relevant Entity has credit ratings at least equal to the Approved Ratings Threshold.
If a Required Ratings Downgrade Event has occurred and is continuing, then Party A shall, at its own expense, use commercially reasonable efforts to, as soon as reasonably practicable, either (A) effect a Permitted Transfer or (B) procure an Eligible Guarantee by a guarantor with credit ratings at least equal to the S&P Required Ratings Threshold, the Moody’s Second Trigger Threshold and the Fitch Approved Ratings Threshold.