S&P Extension Condition definition

S&P Extension Condition means with respect to any proposed action by the Issuer, the Issuer has provided S&P with its proposals in writing and S&P has confirmed to the Issuer it will delay the relevant rating action that would otherwise have been taken.". 3. On page 104 of the Base Prospectus, the second paragraph of the sub-section entitled "Issuer Accounts Bank Rating Trigger Event" is deleted in its entirety and replaced as follow:
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S&P Extension Condition means with respect to any proposed action by the Issuer, the Issuer has provided S&P with its proposals in writing and S&P has confirmed to the Issuer it will delay the relevant rating action that would otherwise have been taken.".
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S&P Extension Condition means, with respect to any remedial action in accordance with Part 5(g)(i) above proposed by Party A, Party A has provided S&P its proposals for such action in writing and S&P has promptly confirmed to Party B and the Trustee that it will delay the respective rating action that would otherwise be taken but for such proposals, until at least 20 Business Days from (but excluding) the occurrence of such Initial S&P Rating Event or at least 90 calendar days from (but excluding) the occurrence of such Subsequent S&P Rating Event, as applicable, have elapsed.
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More Definitions of S&P Extension Condition

S&P Extension Condition means, with respect to any remedial action in accordance with Part 5(g)(i) above proposed by Party A, Party A has provided S&P its proposals for such action in writing and S&P has promptly confirmed to Party B and the Trustee that it willdelay the respective rating action that would otherwise be taken but for such proposals, until at least 20 Business Days from (but excluding) the occurrence of such Initial S&P Rating Event or at least 90 calendar days from (but excluding) the occurrence of such Subsequent S&P Rating Event, as applicable, have elapsed.
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Related to S&P Extension Condition

  • Extension Conditions Defined in Section 3.06(a).

  • Minimum Extension Condition has the meaning specified in Section 2.15(b).

  • Extension Minimum Condition means a condition to consummating any Extension that a minimum amount (to be determined and specified in the relevant Extension Request, in the Borrower’s sole discretion) of any or all applicable Classes be submitted for Extension.

  • Termination Conditions means, collectively, (a) the payment in full in cash of the Obligations (other than (i) contingent indemnification obligations not then due and (ii) Obligations under Secured Hedge Agreements and Secured Cash Management Agreements) and (b) the termination of the Commitments and the termination or expiration of all Letters of Credit under this Agreement (unless the Outstanding Amount of the L/C Obligations related thereto has been Cash Collateralized on terms reasonably acceptable to the applicable Issuing Bank, backstopped by a letter of credit reasonably satisfactory to the applicable Issuing Bank or deemed reissued under another agreement reasonably acceptable to the applicable Issuing Bank).

  • Non-Extension Notice has the meaning specified in Section 2.10.

  • Non-Extension Drawing has the meaning specified in Section 3.5(d).

  • Non-Extension Notice Date has the meaning specified in Section 2.03(b)(iii).

  • Early Termination Conditions means the types of conditions listed in Schedule A.

  • LC Conditions has the meaning given to such term in Section 2.9.

  • Second Extension Period means the period of one (1) Contract Year commencing immediately after the end of the First Extension Period.

  • First Extension Option shall have the meaning set forth in Section 2.2.1(b) hereof.

  • First Extension Period means the period of one (1) Contract Year commencing immediately after the conclusion of the Initial Exploration Period.

  • Litigation Conditions has the meaning set forth in Section 11.3.

  • Notice of Extension/Conversion means the written notice of extension or conversion in substantially the form of Schedule 3.2, as required by Section 3.2.

  • Step Down Conditions As of any Distribution Date on which any decrease in any Senior Prepayment Percentage may apply, (i) the outstanding Principal Balance of all Mortgage Loans 60 days or more Delinquent (including Mortgage Loans in REO and foreclosure), averaged over the preceding six month period, as a percentage of the aggregate of the Class Certificate Principal Balances of the Classes of Subordinate Certificates on such Distribution Date, does not equal or exceed 50% and (ii) cumulative Realized Losses with respect to all of the Mortgage Loans do not exceed: · for any Distribution Date on or after the seventh anniversary until the eighth anniversary of the first Distribution Date, 30% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date, · for any Distribution Date on or after the eighth anniversary until the ninth anniversary of the first Distribution Date, 35% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date, · for any Distribution Date on or after the ninth anniversary until the tenth anniversary of the first Distribution Date, 40% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date, · for any Distribution Date on or after the tenth anniversary until the eleventh anniversary of the first Distribution Date, 45% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date, and · for any Distribution Date on or after the eleventh anniversary of the first Distribution Date, 50% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date.

  • Non-Extension Advance means an Advance made pursuant to Section 2.02(b).

  • Second Extension Option shall have the meaning set forth in Section 2.6.1 hereof.

  • Second Extended Maturity Date has the meaning set forth in Section 2.10.

  • Initial Extension of Credit means the earlier to occur of the initial Borrowing and the initial issuance of a Letter of Credit hereunder.

  • Extension Deadline means, with respect to a letter of credit, the Cutoff Time on the Business Day preceding the day on which the letter of credit expires.

  • Extension Determination Date means, in respect of a Series of Covered Bonds, the date falling two Business Days after the expiry of seven days from (and including) the Final Maturity Date of such Covered Bonds.

  • First Extended Maturity Date has the meaning specified in Section 2.15(a).

  • Acceptance Condition means the acceptance condition to any Offer;

  • Auto-Extension Letter of Credit has the meaning specified in Section 2.03(b)(iii).

  • Extension Option shall have the meaning set forth in Section 2.5(c) hereof.

  • Distribution Conditions means, with respect to any Restricted Payment or Restricted Junior Debt Prepayment, the following: