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Downgrade Date definition

Downgrade Date has the meaning specified in Section 3.05(c)(i).
Downgrade Date means the first date on which the Xcel Debt has not retained at least the 4/1/03 Ratings for a period of at least 120 consecutive days.
Downgrade Date means the date on which a Downgrade Event occurs.

Examples of Downgrade Date in a sentence

  • Each Company shall, at the sole expense of U.S. Borrower, take any action and execute all documents and instruments necessary or desirable to reattach Liens on Collateral of at least equal value as the Collateral released after a Rating Date, in each case as promptly as practicable but in no event later than 90 days after such Downgrade Date.

  • Such release shall no longer be permitted if any Downgrade Date occurs, and the Borrower shall, at its sole expense, take any action and execute all documents and instruments necessary or desirable to reattach Liens on 65% of the stock of Direct Foreign Subsidiaries released after a Rating Date, in each case as promptly as practicable but in no event later than 60 days after such Downgrade Date.

  • Termination Date: In relation to each Transaction, the earliest of (i) the ScheduledTermination Date, (ii) the date on which the Aggregate Outstanding Principal Amount of the Securities equals (or will, upon redemption, equal) zero, (iii) the Removal Date and (iv) the Reference Security Rating Downgrade Date (if any) in respect of the related Reference Security, subject to provisions set out in this Confirmation.

  • Paragraph 1 (General Terms) (as amended by this Paragraph 10) shall apply to each Non-TRS Transaction, provided that (a) sub-paragraphs (iv) to (v) (inclusive) of the definition of "Termination Date" shall be deemed to be deleted, (b) the definition of "Reference Securities" shall be deemed to be deleted, (c) the definition of "Reference Security Rating Downgrade Date" shall be deemed to be deleted and (d) the definition of "Reference Security Rating Downgrade Event" shall be deemed to be deleted.

  • In such event, Xcel shall issue a press release stating the specifics of its Xcel Downgrade Election no later than five Business Days after the Downgrade Date.


More Definitions of Downgrade Date

Downgrade Date means, with respect to a Rating Agency, the date on which the Initial Liquidity Facility Provider no longer has the minimum long-term issuer rating specified for such Rating Agency in the definition ofThreshold Rating”.
Downgrade Date shall have the meaning specified in Section 4.2(a).
Downgrade Date means any date after any Rating Date on which the Borrower's long term Indebtedness is rated lower than BBB- by S&P or Baa3 by Xxxxx'x.
Downgrade Date. The date on which Transamerica Finance Corporation no -------------- longer owns directly or indirectly at least 66 2/3 of the voting stock of the Seller, Transamerica Mortgage Corporation or Metropolitan Mortgage Corporation or the date on which (i) the long-term senior unsecured debt of Transamerica Finance Corporation is downgraded below Baa1 by Moody's, or (ii) the long-term senior unsecured debt of Transamerica Finance Corporation is downgraded below A- by S&P; unless in the case of either (i) or (ii), the applicable Rating Agency delivers a letter to the Trustee stating that the failure to record Assignments will not result in the reduction, qualification or withdrawal of the then current rating assigned to the Class A Certificates by such Rating Agency or the shadow rating assigned by the Rating Agencies and the Insurer approves such letter.
Downgrade Date means the date on which a Downgrade occurs. “Eligible Transferee” means a financial institution:
Downgrade Date means the date on which the Borrower's long-term senior, unsecured Debt (without third party credit enhancement) is no longer Investment Grade.
Downgrade Date has the meaning specified in Section 3.05(c)(i). American Airlines Aircraft EETC