DBRS Required Ratings Downgrade Event definition
DBRS Required Ratings Downgrade Event means that no Relevant Entity has credit ratings from DBRS at least equal to the DBRS Required Ratings Threshold.
Examples of DBRS Required Ratings Downgrade Event in a sentence
When an employee is scheduled or recalled to work overtime which is not contiguous to his regular work shift, he is entitled to the greater of: compensation at the appropriate overtime rate; or compensation equivalent to four hours’ pay at straight time rate.