Examples of Rating Downgrade Event in a sentence
Reference Security Rating Downgrade Date:In relation to any Reference Security, five Business Days following the date on which a Reference Security Rating Downgrade Event has occurred.
The occurrence of a Pre-Maturity Rating Downgrade Event and/or a Legal Liquidity Rating Downgrade Event does not constitute the occurrence of a Borrower Event of Default or an Issuer Event of Default.
The Debenture Trustee (based on the consent of the Majority Debenture Holders) shall, upon occurrence of a Rating Downgrade Event and in accordance with Clause 6A, have the right to exercise it option to cause the Issuer to Redeem the Debentures in full.
Country in respect of which an Eligible Issuer Rating Downgrade Event has occurred: [●].
To avoid any commingling risk, the Issuer will benefit from an undertaking from GE Money Bank to transfer to the Issuer certain amounts on the date on which a Support Provider Rating Downgrade Event occurs and then on each collection payment date following such Support Provider Rating Downgrade Event (provided that such Support Provider Rating Downgrade Event is continuing) by crediting such cash collateral account as designated by the Issuer, as security for its financial obligations.