Downgrade Notice definition

Downgrade Notice has the meaning specified in Section 2.14(a).
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Downgrade Notice has the meaning specified ix Xxxxxon 2.14(a).
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Downgrade Notice has the meaning specified in Section 2.02(j)(i).
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Examples of Downgrade Notice in a sentence

  • It is a condition of the exercise by Securityholders of the Securityholders’ Charged Asset Substitution Right that, by exercising such right, each Securityholder agrees not to transfer any Securities held by such Securityholder at any time during the period from the date of receipt of the Charged Assets Downgrade Notice to the Charged Assets Downgrade Substitution Effective Date.

  • The Securityholders’ Charged Asset Substitution Right may be exercised at any time during the period (the “ Charged Asset Substitution Right Exercise Period”) from (and including) the date on which the Charged Assets Downgrade Notice is published or otherwise sent to Securityholders by the Issuer to (and including) the date specified by the Counterparty as the end date.

  • The Charged Assets Downgrade Notice shall (i) specify that a Charged Assets Downgrade Event has occurred and (ii) give details of the relevant Proposed Substitute Charged Assets.

  • For the avoidance of doubt, the CDS Counterparty and the Issuer shall not be obliged to give more than one Downgrade Notice or notice to the Noteholders in accordance with the Conditions, as applicable.

  • Downgrade Notice: The Authority should require that its Derivatives counterparties notify the Authority in the event of a credit ratings downgrade.

  • Id. In addition, Dr. Renfroe does not think that Madison’s clinical course was highly consistent with a naturally-acquired viral infection with gray matter35 central nervous system involvement because that would require a very selective knock-out of these neurons.

  • Native Hawiiaan or Pacific Islander (NH/PI): The percentage of employees who have identified themselves in the “Native Hawiiaan or Pacific Islander” ethnic category is 0.03% below to the Local CLF at 0.00% during FY 2011.

  • Downgrade Notice: The Authority should require that its Swap counterparties notify the Authority in the event of a credit r a t i ng s dow n g r a de .

  • Pursuant to Section 4.11 of the Servicing Agreement, the Master Servicer shall furnish written notice of the reduction of a relevant applicable rating of an Obligor by a Rating Agency to the Company, the Collateral Agent, the Administrative Agent and each Funding Agent ( the “Rating Downgrade Notice Requirement”).

  • As used in this Trust Agreement, the "TRIGGER DATE" shall mean that date that is the earliest of (x) Lender's receipt of the Downgrade Notice From Surety (or Surety's bad faith in failing to give Lender notice of a Downgrade Surety Default), (y) Lender's receipt of notice from Surety of existence of a Surety Cross-Default (or Surety's bad faith in failing to give Lender notice of a Surety Cross-Default), and (z) notice from Lender or Trustee to Surety of the existence of a Surety Default.


More Definitions of Downgrade Notice

Downgrade Notice and the Cash Manager shall request a Downgrade Drawing in accordance with Section 3.14(c)(iii), unless (A) the Liquidity Facility Provider under such Downgraded Facility arranges for a Replacement Liquidity Facility Provider to issue and deliver a Replacement Liquidity Facility to the Trustee and Administrative Agent (with a copy to the Security Trustee) within sixty (60) days after the occurrence of such Downgrade Event (but not later than the expiration date of such Downgraded Facility), in which event the Liquidity Facility shall cease to be a Downgraded Facility, or (B) on or before the date fifty (50) days after the occurrence of such Downgrade Event, Standard & Poor’s provides a written confirmation to the Administrative Agent and the Cash Manager that such downgrading, withdrawal or suspension will not result in a downgrading, withdrawal or suspension of any rating then in effect for the Class A Notes or the Class B Notes by Standard & Poor’s. In the event that Standard & Poor’s does not provide the written confirmation contemplated in clause (B) of the preceding sentence within the period after such Downgrade Event specified in clause (B) and no Replacement Liquidity Facility Provider has been arranged in accordance with clause (A) of the preceding sentence, the Liquidity Facility Provider shall notify the Issuer, the Cash Manager and the Trustee that a Downgrade Drawing will be required on the date sixty (60) days after the occurrence of such Downgrade Event (but not later than the expiration date of such Downgraded Facility).
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Downgrade Notice has the meaning specified in Section 3.5(c)(ii).
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Downgrade Notice means written notice that CGA's claims paying ability rating will be reduced to a level below the Required Company Rating.
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Related to Downgrade Notice

  • Downgrade Event means, unless otherwise specified on the Cover Sheet, for a Party means that Party’s Credit Rating falls below BBB- from S&P or Baa3 from Moody’s or becomes no longer rated by either S&P or Moody’s.

  • Required Ratings Downgrade Event means that no Relevant Entity has credit ratings at least equal to the Required Ratings Threshold.

  • Downgrade means the removal of a person's privilege to operate a commercial motor vehicle, as

  • Ratings Decline Period means the period that (i) begins on the earlier of (a) the date of the first public announcement of the occurrence of a Change of Control and (b) the occurrence of a Change of Control and (ii) ends 90 days following consummation of such Change of Control; provided that such period shall be extended for so long as the rating of the Notes, as noted by the applicable Rating Agency, is under publicly announced consideration for downgrade by the applicable Rating Agency.

  • Investment Grade Rating Event means the first day on which the Notes have an Investment Grade Rating from each Rating Agency, and no Default has occurred and is then continuing under this Indenture.

  • Rating Downgrade means either:

  • Requisite Notice means a notice delivered in accordance with Section 10.02.

  • Ratings Confirmation means, with respect to any action proposed to be taken, a written confirmation from each of the Rating Agencies that such action would not result in (i) a reduction of the rating for any Class of Certificates below the then current rating for such Class of Certificates or (ii) a withdrawal or suspension of the rating of any Class of Certificates.

  • Downgrade Advance means an Advance made pursuant to Section 2.02(c).

  • Replacement Notice is defined in Section 4.11.

  • Investment Grade Ratings means a debt rating of the Notes of BBB- or higher by S&P and Baa3 or higher by Moody’s or the equivalent of such ratings by S&P or Moody’s or in the event S&P or Moody’s shall cease rating the Notes and the Company shall select any other Rating Agency, the equivalent of such ratings by such other Rating Agency.

  • Preliminary Default Notice shall have the meaning ascribed thereto in Article 13 of this Agreement;

  • Change Notice is defined in Section 3.5(a) of this Agreement.

  • Downgrade Drawing has the meaning assigned to such term in Section 3.6(c).

  • Rating Agencies means DBRS, Fitch, KBRA, Xxxxx’x, Morningstar and S&P and their respective successors in interest or, if any of such entities shall for any reason no longer perform the functions of a securities rating agency, any other nationally recognized statistical rating agency reasonably designated by any Note Holder to rate the securities issued in connection with the Securitization of the related Note; provided, however, that, at any time during which the Mortgage Loan is an asset of one or more Securitizations, “Rating Agencies” or “Rating Agency” shall mean only those rating agencies that are engaged from time to time to rate the securities issued in connection with the Securitizations of the Notes.

  • Rating Event means the rating on the Notes is lowered by each of the Rating Agencies and the Notes are rated below an Investment Grade Rating by each of the Rating Agencies on any day within the 60-day period (which 60-day period will be extended so long as the rating of the Notes is under publicly announced consideration for a possible downgrade by any of the Rating Agencies) after the earlier of (a) the occurrence of a Change of Control and (b) public notice of the occurrence of a Change of Control or the Company’s intention to effect a Change of Control; provided that a Rating Event will not be deemed to have occurred in respect of a particular Change of Control (and thus will not be deemed a Rating Event for purposes of the definition of Change of Control Triggering Event) if each Rating Agency making the reduction in rating does not publicly announce or confirm or inform the Trustee in writing at the request of the Company that the reduction was the result, in whole or in part, of any event or circumstance comprised of or arising as a result of, or in respect of, the Change of Control (whether or not the applicable Change of Control has occurred at the time of the Rating Event).

  • Investment Grade Rating means a rating equal to or higher than Baa3 (or the equivalent) by Moody’s and BBB- (or the equivalent) by S&P, or an equivalent rating by any other Rating Agency.

  • Notification Event means (a) the occurrence of a “reportable event” described in Section 4043 of ERISA for which the 30-day notice requirement has not been waived by applicable regulations issued by the PBGC, (b) the withdrawal of any Loan Party or ERISA Affiliate from a Pension Plan during a plan year in which it was a “substantial employer” as defined in Section 4001(a)(2) of ERISA, (c) the termination of a Pension Plan, the filing of a notice of intent to terminate a Pension Plan or the treatment of a Pension Plan amendment as a termination, under Section 4041 of ERISA, if the plan assets are not sufficient to pay all plan liabilities, (d) the institution of proceedings to terminate, or the appointment of a trustee with respect to, any Pension Plan by the PBGC or any Pension Plan or Multiemployer Plan administrator, (e) any other event or condition that would constitute grounds under Section 4042(a) of ERISA for the termination of, or the appointment of a trustee to administer, any Pension Plan, (f) the imposition of a Lien pursuant to the IRC or ERISA in connection with any Employee Benefit Plan or the existence of any facts or circumstances that could reasonably be expected to result in the imposition of a Lien, (g) the partial or complete withdrawal of any Loan Party or ERISA Affiliate from a Multiemployer Plan (other than any withdrawal that would not constitute an Event of Default under Section 8.12), (h) any event or condition that results in the reorganization or insolvency of a Multiemployer Plan under Sections of ERISA, (i) any event or condition that results in the termination of a Multiemployer Plan under Section 4041A of ERISA or the institution by the PBGC of proceedings to terminate or to appoint a trustee to administer a Multiemployer Plan under ERISA, (j) any Pension Plan being in “at risk status” within the meaning of IRC Section 430(i), (k) any Multiemployer Plan being in “endangered status” or “critical status” within the meaning of IRC Section 432(b) or the determination that any Multiemployer Plan is or is expected to be insolvent or in reorganization within the meaning of Title IV of ERISA, (l) with respect to any Pension Plan, any Loan Party or ERISA Affiliate incurring a substantial cessation of operations within the meaning of ERISA Section 4062(e), (m) an “accumulated funding deficiency” within the meaning of the IRC or ERISA (including Section 412 of the IRC or Section 302 of ERISA) or the failure of any Pension Plan or Multiemployer Plan to meet the minimum funding standards within the meaning of the IRC or ERISA (including Section 412 of the IRC or Section 302 of ERISA), in each case, whether or not waived, (n) the filing of an application for a waiver of the minimum funding standards within the meaning of the IRC or ERISA (including Section 412 of the IRC or Section 302 of ERISA) with respect to any Pension Plan or Multiemployer Plan, (o) the failure to make by its due date a required payment or contribution with respect to any Pension Plan or Multiemployer Plan, (p) any event that results in or could reasonably be expected to result in a liability by a Loan Party pursuant to Title I of ERISA or the excise tax provisions of the IRC relating to Employee Benefit Plans or any event that results in or could reasonably be expected to result in a liability to any Loan Party or ERISA Affiliate pursuant to Title IV of ERISA or Section 401(a)(29) of the IRC, or (q) any of the foregoing is reasonably likely to occur in the following 30 days.

  • Consent Notice has the meaning set forth in Section 4.6(a).

  • Payment Notice has the meaning assigned to it in Section 8.06(c).

  • Liquidity Provider Ratings Event means the Liquidity Provider shall fail to maintain at any time short-term debt ratings in one of the two highest rating categories from the Requisite NRSROs.

  • Reset Notice has the meaning specified in Section 307(b).

  • Ratings Event means a downgrade by one or more gradations (including gradations within ratings categories as well as between rating categories) or withdrawal of the rating of the Notes within the Ratings Decline Period by two or more Rating Agencies (unless the applicable Rating Agency shall have put forth a written statement to the effect that such downgrade is not attributable in whole or in part to the applicable Change of Control) following which (except in the case of a withdrawal of a rating) the rating of the Notes by each such Rating Agency is below such Rating Agency’s rating of the Notes on the Issue Date.

  • Liquidity Provider Ratings Event Termination Date means the date established by the Tender and Paying Agent, acting upon instructions of the Fund pursuant to the Tender and Paying Agent Agreement, for termination of the VRDP Purchase Agreement upon the occurrence of a Liquidity Provider Ratings Event, which date shall be not less than 16 days nor more than 30 days following such Liquidity Provider Ratings Event.

  • Required Notice Period means the number of days required notice set forth below applicable to the Aggregate Reduction indicated below: Aggregate Reduction Required Notice Period £$100,000,000 two Business Days >$100,000,000 to $250,000,000 five Business Days ³$250,000,000 ten Business Days

  • Carve-Out Trigger Notice means a written notice delivered by the Administrative Agent or the Required Lenders (which delivery may be made by any electronic method of transmission) to the Borrower and its counsel, the United States Trustee, and lead counsel to any Committee, which notice may be delivered following the occurrence and continuance of an Event of Default, and stating that the Post-Carve-Out Trigger Notice Cap has been invoked.