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.

• From and after a Lien Release Event and prior to any subsequent Ratings Trigger Event, any provision set forth herein or in any other Loan Document requiring the consent of the Collateral Agent or actions required in connection with Collateral (including delivery of opinions with respect thereto) shall be disregarded.

• If requested by the Administrator, in its sole discretion, at any time while a Ratings Trigger Event is continuing, as soon as available and in any event not later than five Business Days after the last day of each calendar week, a Weekly Report as of the most recently completed calendar week.

• All citizens were able to vote in the election without interference.

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, as of any date of determination, the lowering with regard to the Performance Guarantor of (i) S&P’s Corporate Credit Rating to below B-, or (ii) Moody’s Long Term Corporate Family Rating to below B3.

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 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 Moody’s 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. With respect to any Holder of a Class A-R Note, the date on which such Holder fails to satisfy the Rating Requirement.

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