Downgrading Event definition

Downgrading Event with respect to any Person means the lowering of the rating with regard to the short-term securities of such Person to below (i) A-1 by S&P, or (ii) P-1 by Moody's.

Downgrading Event with respect to any Person means the lowering of the rating with regard to the short-term securities of such Person to below (i) A-1 by S&P, or (ii) P-1 by Moody’s.

Downgrading Event means, in relation to a Liquidity Bank, the downgrading of its rating by a Rating Agency under A1 (for Xxxxx’x Investors Services), P1 (for Standard & Poors) or F1 (for Fitch Ratings).

Examples of Downgrading Event in a sentence

• Even with all the obstacles that may raise the cost of imported manufacturing inputs, relying on local suppliers have proven in many cases to be far costlier.

• Solely for purposes of this Agreement, upon the occurrence of a Downgrading Event, the Participant shall be deemed to have experienced a Termination of Service.

• From and after the earliest to occur of an Amortization Event, a Downgrading Event with respect to the Servicer, a Servicer Default or a Servicer Replacement Event, the Servicer shall remit or cause to be remitted to the Agent, on each day, all Collections received on such day.

• The occurrence of any Downgrading Event with respect to the Servicer setting forth the nature of such change.

• The City will not be obligated to sign any contracts, maintenance and/or service agreements or other documents provided by the CONSULTANT with their submittal until approved by Council.

More Definitions of Downgrading Event

Downgrading Event. With respect to any Person means the lowering of the rating with regard to the short-term securities of such Person to below (i) A-1 by Standard & Poor’s Ratings Group, or (ii) P-1 by Moody’s. Earned Discount: For each day during any Yield Period for any Asset Tranche funded with a Liquidity Funding by any Purchaser Group: IA x ER x ED + LF 360 where: IA = such Purchaser Group’s Purchaser Group Invested Amount in such Asset Tranche on such day during such Yield Period, ER = the applicable Earned Discount Rate for such Yield Period, ED = the actual number of days elapsed during such Yield Period, and LF = the Liquidation Fee, if any, during such Yield Period.

Downgrading Event with respect to any Person means the lowering of the rating with regard to the short-term securities of such Person to below (i) A-1 by Standard & Poor's Ratings Services or (ii) P-1 by Mxxxx'x Investors Service, Inc.

Downgrading Event with respect to any Liquidity Bank means the lowering of a rating with regard to the short-term securities of such Liquidity Bank to below (i) A-1 by S&P, or (ii) P-1 by Moody’s.

Downgrading Event means any event that results in the Participant’s employment position with the Company (1) changing from a “full time” position to a “part-time” position (whether at the Participant’s request or the Company’s direction), or (2) changing to an Ineligible Position (whether at the Participant’s request or the Company’s direction) that is at least four salary or pay grade levels below such Participant’s employment position at the time such Participant changes his or her employment position with the Company, in all cases as determined by the Administrator in its sole discretion. Notwithstanding the forgoing, a bona fide leave of absence and a temporary change in a Participant’s position following a bona fide leave of absence (in all cases, approved by the Company in writing) shall not be considered a Downgrading Event.

Downgrading Event with respect to any Person means the lowering of the rating with regard to the short-term securities of such Person to below (i) A-1 by S&P, or (ii) P-1 by Moody's. "ELIGIBLE ASSIGNEE" means a commercial bank having a combined capital and surplus of at least $250,000,000 with a rating of its (or its Spherion holding company's) short-term securities equal to or higher than (a) A-1 by S&P and (b) P-1 by Moody's.

Downgrading Event with respect to any Person means the lowering of

Downgrading Event with respect to any Person means that the short-term securities of such Person shall have been assigned a rating lower than the Required Short-Term Ratings or shall no longer be rated by either of the Rating Agencies.