Ratings Trigger Event definition

Ratings Trigger Event has the meaning set forth in Section 3.14 of the Sale and Servicing Agreement.

Ratings Trigger Event means, as of any date of determination, the lowering of the rating with regard to the long-term debt of the Parent to (or below) (i) BB by S&P, or (ii) Ba2 by Moody’s.

Ratings Trigger Event means the first date following a Lien Release Event on which the Ratings with respect to the Company are BB+/Ba1 (or the equivalent) with a stable outlook or lower (or not rated) from two or more of S&P, Xxxxx’x and Fitch.

Examples of Ratings Trigger Event in a sentence

• Within 75 days of the occurrence of a Debt Ratings Trigger Event (to the extent the Borrower has not previously made such delivery), the Borrower shall deliver to the Administrative Agent a Reserve Report dated as of the immediately preceding December 31 or January 1 setting forth the Present Value of the proved reserves owned by the Borrower and its Restricted Subsidiaries as contemplated in the definition of Present Value, together with a statement of the Borrower’s Swap Contracts.

• During the pendency of a Termination Event or a Ratings Trigger Event, the Agent may reallocate any outstanding Investment of the Liquidity Providers to a Prime Tranche.

• After a Ratings Trigger Event, the Servicer shall prepare and forward to the Lenders on a weekly basis, a report that is acceptable in form and substance to the Administrative Agent.

• Through December 31, 2002, no Ratings Trigger Event had occurred.

• Principles that should govern the choice of the reference price are that excessive interference with the world market should be avoided by setting the price at a sufficiently low level to cover extremely low prices that threaten to cause injury to domestic producers.

• Notwithstanding anything in this Agreement or any other Transaction Document to the contrary, for all purposes of the Transaction Documents from and after the date on which any Senior Debt Ratings Trigger Event has occurred it shall at all times be deemed to be continuing unless and until such time as a Senior Debt Ratings Benchmark Achievement occurs.

• No default or Event of Default or Ratings Trigger Event has occurred and is continuing on the date hereof or will have occurred and be continuing on the Drawdown Date, or will result from the Drawdown requested hereby.

• A further description of Support is located at xxx.xxx.xxx/xxxxxxx/xxxxxx-xxxxxxxx, and is incorporated herein by this reference.

• During the year ended 30 June, 2003, no Ratings Trigger Event occurred.

• During the pendency of a Termination Event or a Ratings Trigger Event, the Agent may reallocate any outstanding Investment of the Committed Purchasers to a Prime Tranche.

More Definitions of Ratings Trigger Event

Ratings Trigger Event means the occurrence of one or more of the following events: (i) Triumph’s public corporate rating by S&P is below B, (ii) Triumph’s public corporate family rating by Xxxxx’x is below B2, (iii) Triumph does not have a public corporate rating by S&P or (iv) Triumph does not have a public corporate family rating by Moody’s.

Ratings Trigger Event means the Originator's Ratings are in Tier III.

Ratings Trigger Event means, with respect to any debt instrument, asset securitization, derivative transaction or other financial arrangement to which the Borrower or any Subsidiary thereof is a party, any term or provision providing that the obligations thereunder shall become due prior to its Stated Maturity as a consequence of a downgrade in any one or more of the credit ratings of the Borrower or any Subsidiary thereof; provided that any Turbo Provision of any Permitted Asset Securitization shall not constitute a Ratings Trigger Event.

Ratings Trigger Event means, as of any date of determination, (a) any public announcement that the municipal credit rating of the Guarantor as determined by any Ratings Agency that provides a municipal credit rating for the Guarantor, whether as of the date hereof or in the future, has been down-graded by the relevant Ratings Agency below the Threshold Rating; or (b) any Ratings Agency that provides a municipal credit rating for the Guarantor, whether as of the date hereof or in the future, ceases to provide a municipal credit rating for the Guarantor.

Ratings Trigger Event has the meaning ascribed to such term in Section 4.01(i).

Ratings Trigger Event. With respect to any Holder of a Class A-R Note, the date on which such Holder fails to satisfy the Rating Requirement.