Credit Risk Security definition

Credit Risk Security. Any Collateral Debt Security that, in the Collateral Manager's reasonable business judgment, has a significant risk of declining in credit quality or, with a lapse of time, becoming a Defaulted Security.

Credit Risk Security means any Collateral Debt Security with respect to which MLI and Taberna mutually determine in good faith has a significant risk of declining in credit quality and, with lapse of time, may become a Defaulted Security.

Credit Risk Security means any Collateral Debt Security with respect to which there shall have occurred a Credit Risk Event.

Examples of Credit Risk Security in a sentence

• The Trustee will promptly notify the Issuer if the Collateral Advisor has determined that (i) any Collateral Debt Security has become a Defaulted Security, a Deferred Interest XXX Xxxx, a Credit Risk Security or a Written Down Security or (ii) the Trustee has received an Equity Security in connection with any Collateral Debt Security.

• The Issuer shall monitor or cause to be monitored the PIK Securities owned by the Issuer on an ongoing basis and reassess each such Collateral Debt Security at least quarterly in order to determine whether any such Collateral Debt Security has become a Credit Risk Security.

• 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 PIK Bond, a Credit Risk Security or a Written Down Security or (ii) the Trustee has received an Equity Security in connection with any Collateral Debt Security.

• If the Collateral Manager on behalf of the Issuer determines in accordance with the Servicing Standard that any PIK Security has become a Credit Risk Security, the Issuer shall promptly notify the Investor Agent thereof.

• 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 Risk Security

Credit Risk Security means any Collateral Debt Security that has a material risk of becoming a Defaulted Security or becoming an Ineligible Security.

Credit Risk Security means any Portfolio Collateral which, in the reasonable business judgment of the Collateral Manager, has a significant risk of declining in credit quality and, with a lapse of time, becoming a Defaulted Loan.

Credit Risk Security means any Collateral Debt Security with respect to which (i) any default or event of default under the related Underlying Instrument which will entitle the holder thereof, with the giving of notice or passage of time or both, to accelerate the maturity of all or a portion of the principal amount of such Collateral Debt Security is imminent; provided, that any such security shall be considered a Credit Risk Security only until such time as such default or event of default is no longer imminent, or (ii) the issuer or obligor thereof is subject to any regulatory intervention.

Credit Risk 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 a significant risk of declining in credit quality and, with a lapse of time, becoming a Defaulted Security and provided further that if (unless the holders of the Controlling Class have agreed by way of Extraordinary Resolution to suspend this proviso in respect of any particular Credit Risk Security):

Credit Risk Security means any Capital Security with respect to which Bear Xxxxxxx and Taberna mutually determine in good faith has a significant risk of declining in credit quality and, with lapse of time, may become a Defaulted Security.

Credit Risk Security means any Collateral Debt Obligation which, in the Collateral Manager’s reasonable business judgment, has a significant risk of declining in credit quality and, with a lapse oftime, becoming a Defaulted Security and provided further that (unless the holders of the Controlling Class have agreed by way of a majority decision to suspend the proviso) if:

Credit Risk Security means any Collateral Debt Security that, in the sole judgement of the Collateral Manager, has declined or has a significant risk of declining in credit quality and price, provided however that, if the rating of any of the Class A Notes has been reduced by at least one subcategory or withdrawn by Moody's and has not been upgraded or reinstated or the rating of any of the Class B 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: