Liquidation Servicer Resumption Event definition
Liquidation Servicer Resumption Event means the date that the long-term corporate credit rating of Huntsman International has been reduced to “BB-” or below by S&P and “Ba3” or below by ▇▇▇▇▇’▇.”
Liquidation Servicer Resumption Event means the date that the long-term corporate credit rating of Huntsman International has been reduced to “BB-” or below by S&P and “Ba3” or below by Moody’s.”
Liquidation Servicer Resumption Event to read as follows:
Examples of Liquidation Servicer Resumption Event in a sentence
Within 120 days following a Liquidation Servicer Resumption Event, cause (i) a Liquidation Servicer consented to by the Funding Agents to be in place under a Liquidation Servicer Agreement, on terms satisfactory to the Funding Agents and (ii) the Liquidation Servicer to complete a Master Servicer Site Review and the review of the Master Servicer's Standby Liquidation System in each case in accordance with the Liquidation Servicer Agreement.