Required Enhancement Percentage means [**] or such lesser percentage agreed to by the Seller and the Trust;
Required Enhancement Percentage means [**] or such other percentage agreed by the Seller and all of the Purchaser Agents; provided, that any reductions to the Required Enhancement Percentage are subject to confirmation of the then–current rating of the Facility from any Rating Agency rating the Facility.
Required Enhancement Percentage means [**] or such lesser percentage agreed to by the Trust; provided, that following each occurrence of an Enhancement Build Trigger, any lesser percentage shall automatically increase to [**] until the Trust agrees to a lesser percentage;
Examples of Required Enhancement Percentage in a sentence
The (i) Enhancement Test Percentage is, ------------------ for a period of 10 days, less than the Required Enhancement Percentage or (ii) Required Enhancement Percentage exceeds 27%.
Assist in attaining a rating from a Rating Agency of A- with respect to the Senior Note and BB with respect to the Junior Note and, if required by such Rating Agency in order to obtain such ratings, agree to amendments to this Agreement to increase the Senior Required Enhancement Percentage and the Junior Required Enhancement Percentage.
The Enhancement Test Percentage is, for ------------------ a period of one Business Day, less than the Required Enhancement Percentage.
More Definitions of Required Enhancement Percentage
Required Enhancement Percentage means [**] or such lesser percentage agreed by all of the Purchaser Agents; provided, that following each occurrence of an Enhancement Build Trigger, any lesser percentage shall automatically increase to [**] until all Purchasers agree to a lesser percentage (for the avoidance of doubt, regardless of whether the Enhancement Build Trigger is cured in accordance with its terms); provided, further, any reductions to the Required Enhancement Percentage are subject to confirmation of the then–current rating of the Facility from any Rating Agency rating the Facility.
Required Enhancement Percentage means on any Settlement Date (i) during any period when the unsecured long-term debt of CNH Global N.V. is rated at least BB by S&P and at least Ba2 by Mxxxx’x, 2% and (ii) during any period when the unsecured long-term debt of CNH Global N.V. does not satisfy the ratings required by clause (i) hereof, 4%; provided, however, that if (A) the Net Loss Percentage on any Settlement Date exceeds 4.00% or (B) the CNH Portfolio Delinquency Ratio on any Settlement Date exceeds 4.00%, the Required Enhancement Percentage on such Settlement Date shall equal the sum of 2% and the percentage set forth in clause (i) or (ii) then applicable.
Required Enhancement Percentage means, for any Transfer Date, (a) 3.5% if the Tier One Condition applies, (b) 5.0% if the Tier Two Condition applies or (c) 7.5% if the Tier Three Condition applies; provided, that:
Required Enhancement Percentage means the sum of (a) 19.5% (or ------------------------------- such other percentage as shall then be required by the Rating Agencies to maintain the then current rating (but not less than A-1 by S&P and not less than Prime-1 by Moody's) on the Commercial Paper Notes); (b) the Disposition Shortfall Percentage as of the most recent Determination Date and (c) the Market Adjustment Percentage as of the most recent Determination Date.
Required Enhancement Percentage means on any Settlement Date (i) during any period when the unsecured long-term debt of CNH Global N.V. is rated at least BB by S&P and at least Ba2 by Moody's, [Confidential] and (ii) during any period when thx xxxxxured long-term debt of CNH Global N.V. does not satisfy the ratings required by clause (i) hereof, [Confidential]; provided, however, that if (A) the Net Loss Percentage on any Settlement Date exceeds [Confidential] or (B) the CNH Portfolio Delinquency Ratio on any Settlement Date exceeds [Confidential], the Required Enhancement Percentage on such Settlement Date shall equal the sum of [Confidential] and the percentage set forth in clause (i) or (ii) then applicable.
Required Enhancement Percentage. As defined in the Insurance Agreement.
Required Enhancement Percentage shall have the meaning assigned to such term in the Liquidity Agreement.