Relevant Remedy Period definition

Relevant Remedy Period means the maximum remedy period from time to time, as required to sustain the then current rating of the Covered Bonds, as of the date of the Programme Date being in case of a loss of the Requisite Credit Rating by S&P, the later of (i) sixty (60) calendar days of any such event and (ii) if, on or before the 60th calendar day following the relevant event, the responsible party has submitted a written proposal for a remedy to S&P and S&P has confirmed in writing to the responsible party, the CBC and/or the Security Trustee that the implementation of that proposal will not cause it to downgrade the Covered Bonds, ninety (90) calendar days following such event.
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Relevant Remedy Period means the maximum remedy period from time to time, as required to sustain the then current rating of the Covered Bonds, as of the date of the Programme Date being in case of a loss of the Requisite Credit Rating by Fitch, sixty (60) calendar days.
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Relevant Remedy Period. ] means [● insert Relevant Remedy Period for the applicable Rating Agencies];
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More Definitions of Relevant Remedy Period

Relevant Remedy Period means the maximum remedy period from time to time, as required to maintain the then current ratings assigned to asset backed securities issued by any of the Beneficiaries or under any Permitted Transaction, whereby any of the Achmea Label Mortgage Receivables serve as security, being in case of a loss of the Required Ratings by Moody's, S&P or Fitch, thirty (30) calendar days. Required Ratings means (a) (i) 'A' (long-term) or 'F1' (short-term) by Fitch and/or (ii) 'Prime-1' (short-term) by Moody's and/or (iii) 'A' (Long-Term Issuer Credit Rating) by S&P and/or (iv) in case the relevant applicable criteria of Fitch and/or S&P and/or Moody's, as the case may be, change and the Collection Foundation or any relevant Party requests to apply the new ratings to (a)(i) and/or (a)(ii) and/or (a)(iii) as of the notification of the Collection Foundation to the Beneficiaries such then current ratings as required by Fitch and/or S&P and/or Moody's, as the case may be, and (b) the relevant counterparty risk ratings set out in the applicable criteria of any of the other relevant Rating Agencies which have issued a rating to asset backed securities issued by any of the Beneficiaries or under any Permitted Transaction, whereby any of the Achmea Label Mortgage Receivables serve as security, prevailing from time to time, unless the relevant applicable criteria of any relevant Rating Agency change and the Collection Foundation requests to apply such changed criteria and/or at the request of one of the Parties. Stichting WEW Stichting Waarborgfonds Eigen Woningen. Transaction Documents in relation to a Beneficiary, the relevant Investor Documents as well as the documents which are considered in respect of such Beneficiary as being the relevant assignment agreements or/and relevant documents in which the transaction (to which such Beneficiary is a party) is set out, as these may be amended, restated, novated or otherwise modified from time to time.
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Relevant Remedy Period means the maximum remedy period from time to time, as required to sustain the then current rating of the Covered Bonds, as of the date of the Programme Date being in case of a loss of the Requisite Credit Rating by S&P, the later of (i) sixty (60) calendar days of any such event and (ii) if, on or before the 60th calendar day following the relevant event, the responsible party has submitted a written proposal for a remedy to S&P and S&P has confirmed in writing to the responsible party, the CBC and/or the Security Trustee that the implementation of that proposal will not cause it to downgrade the Covered Bonds, ninety (90) days following such event." 2.1.5 The definition of "Requisite Credit Rating" will be deleted and replaced by the following:
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Related to Relevant Remedy Period

  • Cure Period means the period specified in this Agreement for curing any breach or default of any provision of this Agreement by the Party responsible for such breach or default and shall:

  • Waiver Period ’ means, for each applicable fee, the period of time from the initial effective date of the MIAX Emerald Fee Schedule until such time that the Exchange has an effective fee filing establishing the applicable fee. The Exchange will issue a Regulatory Circular announcing the establishment of an applicable fee that was subject to a Waiver Period at least fifteen (15) days prior

  • Default Notice means the written notice of Default of the Agreement issued by one Party to the other.

  • Defects Liability Period means the warranty period following the taking over, during which the Contractor is responsible for making good, defects and damage in Goods and Services provided, under the Contract.