Credit Deterioration definition

Credit Deterioration means a material deterioration in the creditworthiness of a Customer, as determined by Factor in its sole discretion.
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Examples of Credit Deterioration in a sentence

  • Recognizing Purchased Financial Assets with Credit Deterioration.

  • Accordingly, the financial instruments are classified into Stage 1 – Standard Assets with zero to thirty days past due (DPD), Stage 2 – Significant Credit Deterioration or overdue between 31 to 90 days and Stage 3 – Default Assets with overdue for more than 90 days.

  • The NTCE Supplement would also provide guidance related to the factors that would be relevant to determining whether a Failure to Pay Credit Event satisfies the Credit Deterioration Requirement.

  • Journal of Finance 56 (1), 247–277.Feldhutter, P., 2009, The Same Bond at Different Prices: Identifying Search Frictions and Selling Pressures, Working PaperFriewald, Nils, Rainer Jankowitschy and Marti Subrahmanyam, 2009, Illiquidity or Credit Deterioration: A Study of Liquidity in the US Corporate Bond Market during Financial Crises, Working PaperGarman, M.

  • The below sub-items are added following the sub-item headed "Payment Requirement (Failure to Pay)" in paragraph 21(m) (Credit Event) of Part A of the Form of Final Terms on page 378 of the Base Prospectus: - Credit Deterioration Requirement (Failure to Pay):[Applicable] [Not Applicable] (Transaction Type to be considered.

  • The financial instruments are classified into Stage1–Standard Assets with zero day past due (DPD), Stage 2 – Significant Credit Deterioration or overdue for period 0 to 90 days and Stage 3 – Default Assets with overdue for more than 90 days.

  • After the NTCE Supplement becomes effective, the latest versions of the ISDA supplement and confirmations will incorporate the NTCE Supplement and by default specify that the two concepts described above—the Credit Deterioration Requirement and Fallback Discounting—are applicable.

  • To avoid any doubt, if an Event of Default also constitutes a Credit Deterioration Event , each Lender may directly (instead of through the Agent) enforce the right set out in paragraph (3) below, and the Agent may also enforce the right set out in paragraph (3) below without instructions of the Majority Lenders.

  • The Credit Deterioration Requirement would provide that a failure of a corporation to make a payment on an obligation would not constitute a currently effective, rather than referring to multiple supplements with specific dates.5 The following description is substantially excerpted from the Notice.

  • The Credit Deterioration Requirement would provide that a failure of a corporation to make a payment on an obligation would not constitute a currently effective, rather than referring to multiple supplements with specific dates.

Related to Credit Deterioration

  • Deteriorated paint means any interior or exterior paint or other coating that is peeling, chipping, chalking or cracking, or any paint or coating located on an interior or exterior surface or fixture that is otherwise damaged or separated from the substrate.

  • Financial Impairment means that a carrier is not insolvent and is:

  • Waste means any waste material (1) containing byproduct material and (2) resulting from the operation by any person or organization of any nuclear facility included within the definition of nuclear facility under paragraph (a) or (b) thereof; “nuclear facility” means

  • Adverse Change A material adverse change occurs in Borrower's financial condition, or Lender believes the prospect of payment or performance of this Note is impaired.

  • Hazardous financial condition means that, based on its present or reasonably anticipated financial condition, a risk retention group, although not yet financially impaired or insolvent, is unlikely to be able:

  • financial creditor means any person to whom a financial debt is owed and includes a person to whom such debt has been legally assigned or transferred to;

  • Financial exigency means a condition that requires the bona fide discontinuance or reduction in size of an administrative unit, project, program or curriculum due to the lack of funds available and sufficient to meet current or projected expenditures.

  • Hearing impairment means an impairment in hearing, whether permanent or fluctuating, that adversely affects the child's educational performance but that is not included under the definition of deafness in this section.

  • Significant Modification As defined in Section 3.25.

  • Accelerated Borrowing Base Delivery Event means either (i) the occurrence and continuance of any Event of Default, or (ii) the failure of the Borrowers to maintain Availability at least equal to the greater of (x) $22,500,000 and (y) fifteen percent (15%) of the Loan Cap. For purposes of this Agreement, the occurrence of an Accelerated Borrowing Base Delivery Event shall be deemed continuing (i) so long as such Event of Default has not been waived, and/or (ii) if the Accelerated Borrowing Base Delivery Event arises as a result of the Borrowers’ failure to achieve Availability as required hereunder, until Availability has exceeded the greater of (x) $22,500,000 and (y) fifteen percent (15%) of the Loan Cap for thirty (30) consecutive calendar days, in which case an Accelerated Borrowing Base Delivery Event shall no longer be deemed to be continuing. The termination of an Accelerated Borrowing Base Delivery Event as provided herein shall in no way limit, waive or delay the occurrence of a subsequent Accelerated Borrowing Base Delivery Event in the event that the conditions set forth in this definition again arise.

  • Speech or language impairment means a communication disorder, such as stuttering, impaired articulation, a language impairment, or a voice impairment, that adversely affects a child’s educational performance.

  • operational creditor means a person to whom an operational debt is owed and includes any person to whom such debt has been legally assigned or transferred;

  • Adverse Benefit Determination means any of the following:

  • Congenital Condition(s) means (a) any medical, physical or mental abnormalities existed at the time of or before birth, whether or not being manifested, diagnosed or known at birth; or (b) any neo-natal abnormalities developed within six (6) months of birth.

  • Hedging Disruption means that the Issuer is unable, after using commercially reasonable efforts, to (A) acquire, establish, re-establish, substitute, maintain, unwind or dispose of any transaction(s) or asset(s) it deems necessary to hedge the risk of issuing and performing its obligations with respect to the Securities, or (B) realise, recover or remit the proceeds of any such transaction(s) or asset(s).

  • Extraordinary Circumstances means floods, snow, ice storms, tornadoes, earthquakes, or other

  • Significant emissions increase means, for a regulated NSR pollutant, an increase in emissions that is significant, as defined in subsection (ww), for that pollutant.

  • Abnormal Condition means any condition on the Interconnection Facilities which, determined in accordance with Good Utility Practice, is: (i) outside normal operating parameters such that facilities are operating outside their normal ratings or that reasonable operating limits have been exceeded; and (ii) could reasonably be expected to materially and adversely affect the safe and reliable operation of the Interconnection Facilities; but which, in any case, could reasonably be expected to result in an Emergency Condition. Any condition or situation that results from lack of sufficient generating capacity to meet load requirements or that results solely from economic conditions shall not, standing alone, constitute an Abnormal Condition.

  • Chronic condition means a condition that can be treated or managed, but not cured.

  • Material Adverse Change (or Effect) means a change (or effect), in the condition (financial or otherwise), properties, assets, liabilities, rights, obligations, operations, business or prospects which change (or effect) individually or in the aggregate, is materially adverse to such condition, properties, assets, liabilities, rights, obligations, operations, business or prospects.

  • Financial Default means the total cessation or partial suspension of operations due to insolvency, with or without the filing of a bankruptcy petition by a tour operator, Cruise line, or airline.

  • Litigation Conditions has the meaning set forth in Section 11.3.

  • Special Condition means a condition of a Transporter's Licence or Shipper's Licence other than a Standard Condition;

  • Condition means a provision attached to a new or existing license that limits or restricts the scope of the license or imposes additional requirements on the licensee.

  • Solvency Capital Requirement means the Solvency Capital Requirement or the group Solvency Capital Requirement (as applicable) referred to in, or any other capital requirement (other than the Minimum Capital Requirement) howsoever described in, the Relevant Rules;

  • odour nuisance means a continuous or repeated odour, smell or aroma, in an affected area, which is offensive, obnoxious, troublesome, annoying, unpleasant or disagreeable to a person: