Negative Credit Event means any of the following arising:
Negative Credit Event means, with respect to an Acceptable Bank that has issued an Acceptable Letter of Credit, a downgrade in (including the withdrawal of) the Acceptable Bank’s long-term unsecured senior debt rating by S&P, Moody’s or Fitch such that the Acceptable Bank no longer meets the credit criteria set forth in the definition of “Acceptable Bank.”
Negative Credit Event for the purposes of this Agreement means any of the following occurring:
More Definitions of Negative Credit Event
Negative Credit Event means the occurrence of any Affiliate Transaction (or series of related Affiliate Transactions) the effect of which is to cause (1) (x) the Debt to Company Proved Reserves Ratio, calculated on a pro forma basis immediately after giving effect to such Affiliate Transaction (or series of related Affiliate Transactions) being greater than (y) the Debt to Company Proved Reserves Ratio immediately prior to such Affiliate Transaction (or series of related Affiliate Transactions) or (2) (x) the Debt to EBITDA Ratio, calculated on a pro forma basis immediately after giving effect to such Affiliate Transaction (or series of related Affiliate Transactions) being greater than (y) the Debt to EBITDA Ratio immediately prior to such Affiliate Transaction (or series of related Affiliate Transactions).
Negative Credit Event means, with respect to an Acceptable LC Provider that has issued an Acceptable Letter of Credit, a downgrade in (including the withdrawal of) the Acceptable LC Provider’s long-term unsecured senior debt rating by S&P or Moody’s such that the Acceptable LC Provider no longer meets the credit criteria set forth in the definition of “Acceptable LC Provider”.
Negative Credit Event for the purposes of this Agreement means any of the following occurring: failure by the Contracting Retailer to pay within 10 days of the due date any amount payable (and which is not disputed in accordance with the relevant contract) by it pursuant to any borrowing or cash advances owed to a financial lender and in the currency in which such amount is payable; or the Contracting Retailer:
Negative Credit Event has the meaning given to such term in the Equity Contribution Agreement.
Negative Credit Event means any of the following arising: the failure by the Retailer to pay, within 10 Business Days of the due date, any amount payable by it pursuant to any debt due to any lender and in the currency in which such amount is payable; the Retailer: is unable or admits inability to pay its debts as they fall due; suspends making payments on any of its debts; or by reason of actual or anticipated financial difficulties, commences negotiations with one or more of its creditors with a view to rescheduling any of its indebtedness; the failure by the Retailer to pay any amount payable to the Wholesaler or any other wholesaler, under the Wholesale Contract, the WRC, the Market Arrangements Code or otherwise, and in the currency in which such amount is payable within 10 Business Days of the due date on more than three occasions in any calendar year; or the failure by the Retailer to pay any amount payable to the Wholesaler or any other wholesaler, under the Wholesale Contract, the WRC, the Market Arrangements Code or otherwise, and in the currency in which such amount is payable for more than 10 Business Days of the due date; or the Retailer ceases to be the counterparty of the Wholesaler in relation to the Wholesale Contract.
Negative Credit Event with respect to an Acceptable Bank that has issued an Acceptable Letter of Credit, a downgrade in (including the withdrawal of) the Acceptable Bank’s long-term unsecured senior debt rating by S&P, Xxxxx’x, XXXX or Xxxxx such that the Acceptable Bank no longer meets the credit criteria set forth in the definition of “Acceptable Bank.” Aspen Bath – Common Terms Agreement
Negative Credit Event means with respect to an Acceptable Issuing Bank that has issued a Contingent Equity LC, a downgrade in (including the withdrawal of) the Acceptable Issuing Bank’s long-term unsecured senior debt rating by S&P, Xxxxx’x or Fitch such that the Acceptable Bank no longer meets the credit criteria set forth in the definition of “Acceptable Bank” and the Contingent Equity LC, if not drawn upon pursuant to its terms within such time period, is not replaced with a replacement Contingent Equity LC issued by an Acceptable Bank within 30 days of such downgrade.