Credit Improved Security means any Portfolio Collateral which, in the reasonable business judgment of the Collateral Manager, has significantly improved in credit quality including a Portfolio Collateral:
Credit Improved Security means any Collateral Debt Security which, in the reasonable business judgment of the Collateral Manager (and such judgment shall not be called into question as a result of subsequent events), has significantly improved in credit quality including a Collateral Debt Security which may, but need not be enhanced by one or more of the following:
Credit Improved Security means any Collateral Debt Obligation which, in the Collateral Manager’s reasonable business judgment, has significantly improved in credit quality including a Collateral Debt Obligation:
Examples of Credit Improved Security in a sentence
The Trustee will promptly notify the Issuer if the Collateral Manager has determined that (i) any Collateral Debt Security has become a Defaulted Security, a Deferred Interest XXX Xxxx, a Credit Risk Security, a Credit Improved Security or a Written Down Security or (ii) the Trustee has received an Equity Security in connection with any Collateral Debt Security.
More Definitions of Credit Improved Security
Credit Improved Security means any Collateral Debt Security which, in the Investment Manager's judgment, has significantly improved in credit quality and which is so designated by the Investment Manager, providedhowever that (unless the Controlling Class have agreed by way of Ordinary Resolution pursuant to the Trust Deed to suspend this proviso) if:
Credit Improved Security means any Collateral Debt Security that, in the sole judgement of the Collateral Manager, has significantly improved in credit quality provided however, that if the rating of any of the Senior Notes has been reduced by at least one sub-category or withdrawn by Moody's and has not been upgraded or reinstated or the rating of any of the Mezzanine Notes has been reduced by at least two sub-categories or withdrawn by Moody's and has not been upgraded or reinstated then in addition to the sole judgment of the Collateral Manager:
Credit Improved Security means any Collateral Debt Security which, in the reasonable business judgment of the Collateral Manager, has significantly improved in credit quality including a Collateral Debt Security:
Credit Improved Security means any Collateral Debt Security that, in the sole judgment of the Collateral Manager, has significantly improved in credit quality since the date of acquisition, which judgment may be based on (amongst other things but not exclusively) whether following its purchase by the Issuer such Collateral Debt Security :
Credit Improved Security means any Collateral Debt Security (a) that has been upgraded or put on a watch list for possible upgrade by a nationally recognized rating agency from the rating in effect at the time such Collateral Debt Security was acquired by the Issuer, (b) whose issuer has shown improved financial results,
Credit Improved Security means a Collateral Debt Security that has, in the Collateral Manager’s reasonable judgment applying the Servicing Standard, improved in credit quality.
Credit Improved Security means any Collateral Debt Security (or in the case of a Collateral Debt Security that is a Synthetic Security, the underlying Reference Obligation) that, or any other security included in the Collateral that, as of any date of determination (i) in the Collateral Manager's reasonable business judgment (which shall not be called into question solely as a result of subsequent events) has significantly improved in credit quality at any time since such Collateral Debt Security was purchased or (ii) if the rating assigned on the Closing Date to (a) the Class A-1 Notes (with respect to the Class A-1SW Notes, without giving effect to the Insurance Policy) or the Class A-2 Notes by Moody's has on such date of determination been withdrawn or downgraded by one or more rating subcategory since the Closing Date (and such [**] CONFIDENTIAL TREATMENT REQUESTED rating has not been restored to the rating assigned to the Non-Deferrable Senior Notes (with respect to the Class A-1SW Notes, without giving effect to the Insurance Policy) on the Closing Date) or (b) the Class A-3 Notes, the Class B Notes or the Class C Notes has on such date of determination been withdrawn or downgraded by two or more rating subcategories since the Closing Date (and such rating has not been restored or reinstated to a rating that is not lower than one rating subcategory below the rating assigned to the Class A-3 Notes, the Class B Notes or the Class C Notes on the Closing Date), then the rating of such Collateral Debt Security must have been placed on watch list for possible upgrade or upgraded by at least one rating subcategory by any Rating Agency from the rating in effect at the time such Collateral Debt Security was acquired by the Issuer.