S&P Joint Probability definition

S&P Joint Probability shall refer to the Offsetting Counterparty's long-term senior unsecured credit rating assigned by S&P (and, for the avoidance of doubt, the obligations of the Counterparty specified in Section 4 of this Confirmation shall constitute obligations of the Offsetting Counterparty).
Sample 1Sample 2Sample 3
S&P Joint Probability means the joint probability determined by S&P of the long-term likelihood of payment under the interest rate swap determined by locating the intersection of the Counterparty's long term senior unsecured debt rating and the Offsetting Counterparty's long-term senior unsecured debt rating in the following table: IMPLIED JOINT SUPPORT RATING PRIMARY PARTY ----------------------------------------------------------------------------------------------------- AAA AA+ AA AA- A+ A A- BBB+ BBB BBB- ----------------------------------------------------------------------------------------------------- CONTINGENT AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA PARTY ----------------------------------------------------------------------------------------------------- AA+ AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA ----------------------------------------------------------------------------------------------------- AA AAA AAA AAA AAA AAA AAA AAA AA+ AA+ AA+ ----------------------------------------------------------------------------------------------------- AA- AAA AAA AAA AA+ AA+ AA+ AA+ AA+ AA+ AA ----------------------------------------------------------------------------------------------------- A+ AAA AAA AAA AA+ AA+ AA+ AA+ AA AA AA- ----------------------------------------------------------------------------------------------------- A AAA AAA AAA AA+ AA+ AA AA AA- AA- A+ ----------------------------------------------------------------------------------------------------- A- AAA AAA AAA AA+ AA+ AA AA- A+ A+ A ----------------------------------------------------------------------------------------------------- BBB+ AAA AAA AA+ AA+ AA AA- A+ A A A- ----------------------------------------------------------------------------------------------------- BBB AAA AAA AA+ AA+ AA AA- A+ A A- BBB+ ----------------------------------------------------------------------------------------------------- BBB- AAA AAA AA+ AA AA- A+ A A- BBB+ BBB -----------------------------------------------------------------------------------------------------
Sample 1Sample 2
S&P Joint Probability means the joint probability determined by S&P of the long-term likelihood of payment under the interest rate swap determined by locating the intersection of the Counterparty's long term senior unsecured debt rating and the Contingent Party's long-term senior unsecured debt rating in the following table: IMPLIED JOINT SUPPORT RATING PRIMARY PARTY CONTINGENT PARTY AAA AA+ AA AA- A+ A A- BBB+ BBB BBB- ---------- --- --- --- --- --- --- --- ---- ---- ---- AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA AA+ AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA AA AAA AAA AAA AAA AAA AAA AAA AA+ AA+ AA+ AA- AAA AAA AAA AA+ AA+ AA+ AA+ AA+ AA+ AA A+ AAA AAA AAA AA+ AA+ AA+ AA+ AA AA AA- A AAA AAA AAA AA+ AA+ AA AA AA- AA- A+ A- AAA AAA AAA AA+ AA+ AA AA- A+ A+ A BBB+ AAA AAA AA+ AA+ AA AA- A+ A A A- BBB AAA AAA AA+ AA+ AA AA- A+ A A- BBB+ BBB- AAA AAA AA+ AA AA- A+ A A- BBB+ BBB Notwithstanding the foregoing, (i) in the event that the long-term senior unsecured debt rating of either the Primary Party or the Contingent Party is rated below BBB- by S&P, then the S&P Joint Probability shall be the higher of the then current long-term senior unsecured debt rating of the Primary Party and the Contingent Party and (ii) in the event that under the Triparty Agreement the Offsetting Counterparty has acceded to the rights of the Counterparty and no swap transaction has been effected with an additional contingent counterparty or replacement swap counterparty under the circumstances contemplated by Section 2.02 of the Triparty
Sample 1Sample 2Sample 3

More Definitions of S&P Joint Probability

S&P Joint Probability means the joint probability determined by S&P of the long term likelihood of payment under the rate swap transaction determined by locating the intersection of the Primary Party’s long term senior unsecured debt rating and the Contingent Party’s long term senior unsecured debt rating in the table below headed “Medium Correlation Reference Table” (except that, for any pairing other than the initial Primary Party with the initial Contingent Party, the table below to be used shall be the table headed “Low Correlation Reference Table” or the table headed “High Correlation Reference Table” if so specified by S&P within five days after S&P has received notice of a potential pairing of a Primary Party with a Contingent Party). Notwithstanding the foregoing, (i) in the event that the long term senior unsecured debt rating of either the Primary Party or the Contingent Party is rated below A+ by S&P, then the S&P Joint Probability shall be the higher of the then current long term senior unsecured debt rating of the Primary Party and the Contingent Party and (ii) in the event that under the Triparty Agreement the Offsetting Counterparty has acceded to the rights of the Counterparty and no swap transaction has been effected with an additional contingent counterparty or replacement swap counterparty under the circumstances contemplated by Section 2.02 of the Triparty Agreement, then the term “S&P Joint Probability” shall refer to the Offsetting Counterparty’s long term senior unsecured credit rating assigned by S&P (and, for the avoidance of doubt, the obligations of the Counterparty specified in Section 4 of this Confirmation shall constitute obligations of the Offsetting Counterparty).
Sample 1Sample 2Sample 3
S&P Joint Probability means the joint probability determined by S&P of the long-term likelihood of payment under the interest rate swap determined by locating the intersection of the Counterparty's long term senior unsecured debt rating and the Offsetting Counterparty's long-term senior unsecured debt rating in the following table:
Sample 1Sample 2Sample 3
S&P Joint Probability means the joint probability determined by S&P of the long-term likelihood of payment under the interest rate swap determined by locating the intersection of the Counterparty's long term senior unsecured debt rating and the Offsetting Counterparty's long-term senior unsecured debt rating in the following table: PRIMARY PARTY C AAA AA+ AA AA- A+ A A- BBB+ BBB BBB- O N AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA T AA+ AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA I AA AAA AAA AAA AAA AAA AAA AAA AA+ AA+ AA+ N AA- AAA AAA AAA AA+ AA+ AA+ AA+ AA+ AA+ AA G A+ AAA AAA AAA AA+ AA+ AA+ AA+ AA AA AA- E A AAA AAA AAA AA+ AA+ AA AA AA- AA- A+ N A- AAA AAA AAA AA+ AA+ AA AA- A+ A+ A T BBB+ AAA AAA AA+ AA+ AA AA- A+ A A A- BBB AAA AAA AA+ AA+ AA AA- A+ A A- BBB+ P BBB- AAA AAA AA+ AA AA- A+ A A- BBB+ BBB A R T Y
Sample 1Sample 2
S&P Joint Probability means the joint probability determined by S&P of the long-term likelihood of payment under the interest rate swap determined by locating the intersection of the Counterparty's long term senior unsecured debt rating and the Offsetting Counterparty's long-term senior unsecured debt rating in the following table: PRIMARY PARTY C AAA AA+ AA AA- A+ A A- BBB+ BBB BBB- O N AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA T AA+ AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA I AA AAA AAA AAA AAA AAA AAA AAA AA+ AA+ AA+ N AA- AAA AAA AAA AA+ AA+ AA+ AA+ AA+ AA+ AA
Sample 1Sample 2
S&P Joint Probability means the joint probability determined by S&P of the long term likelihood of payment under the rate swap transaction determined by locating the intersection of the Primary Party's long term senior unsecured debt rating and the Contingent Party's long term senior unsecured debt rating in the table below headed "Medium Correlation Reference Table" (except that, for any pairing other than the initial Primary Party with the initial Contingent Party, the table below to be used shall be the table headed "Low Correlation Reference Table" or the table headed "High Correlation Reference Table" if so specified by S&P within five days after S&P has received notice of a potential pairing of a Primary Party with a Contingent Party). IMPLIED JOINT SUPPORT RATING High Correlation Reference Table Exh. B-3 Medium Correlation Reference Table Low Correlation Reference Table
Sample 1Sample 2

Related to S&P Joint Probability

  • Regulatory Problem means any set of facts or circumstance wherein it has been asserted by any governmental regulatory agency (or a Regulated Stockholder reasonably believes that there is a risk of such assertion) that such Regulated Stockholder is not entitled to acquire, own, hold or control, or exercise any significant right (including the right to vote) with respect to, any Equity Securities of the Company or any subsidiary of the Company.

  • Endpoint means any Federal Reserve Bank, financial institution, local clearing house, courier or other entity or location for the delivery of cash letters or other presentment of Imaged Items or Substitute Checks.

  • Clinical experience means providing direct services to individuals with mental illness or the provision of direct geriatric services or special education services. Experience may include supervised internships, practicums, and field experience.

  • Firm Transmission Feasibility Study means a study conducted by the Transmission Provider in accordance with Tariff, Part II, section 19.3 and Tariff, Part III, section 32.3.

  • Peer support specialist means an individual who has experienced a severe and persistent mental illness and who has successfully completed standardized training to provide peer support services through the medical assistance program or the Iowa Behavioral Health Care Plan.

  • Congenital Anomaly means a condition which is present since birth, and which is abnormal with reference to form, structure or position.

  • Mid-level practitioner means a certified nurse-midwife engaging in the independent practice of midwifery under the independent practice of midwifery act, an advanced practice registered nurse issued a license pursuant to K.S.A. 65-1131, and amendments thereto, who has authority to prescribe drugs pursuant to a written protocol with a responsible physician under K.S.A. 65-1130, and amendments thereto, or a physician assistant licensed under the physician assistant licensure act who has authority to prescribe drugs pursuant to a written agreement with a supervising physician under K.S.A. 65-28a08, and amendments thereto.

  • Multiregional Modeling Working Group or “MMWG” shall mean the NERC working group that is charged with multi-regional modeling.

  • Explanatory Indicator means a measure that is connected to and helps to explain performance in a Performance Indicator or a Monitoring Indicator. An Explanatory Indicator may or may not be a measure of the HSP’s performance. No Performance Target is set for an Explanatory Indicator;

  • Launch means the intentional ignition of the first-stage motor(s) of the Launch Vehicle intended to place or try to place a Launch Vehicle (which may or may not include any Transfer Vehicle, Payload or crew) from Earth:

  • POC means Point of Compliance. "POE" means Point of Exposure. "PSI" means pounds per square inch.

  • Economic Dispatch means the sending of dispatch instructions to generation units to minimize the cost of reliably meeting load demands.

  • Commercial cannabis activity means the production, cultivation,

  • Regulatory Disruption Any event that Dealer, based on the advice of counsel, determines makes it reasonably necessary or appropriate with regard to any legal, regulatory or self-regulatory requirements or related policies and procedures that generally apply to transactions of a nature and kind similar to the Transaction and have been adopted in good faith by Dealer for Dealer to refrain from or decrease any market activity in connection with the Transaction. Settlement:

  • Phase III Trial means a Clinical Trial of an investigational product in subjects that incorporates accepted endpoints for confirmation of statistical significance of efficacy and safety with the aim to generate data and results that can be submitted to obtain Regulatory Approval as described in 21 C.F.R. 312.21(c), or a comparable Clinical Trial prescribed by the relevant Regulatory Authority in a country other than the United States.

  • Disinfection profile means a summary of daily Giardia lamblia inactivation through the treatment plant. The procedure for developing a disinfection profile is contained in s. NR 810.34.

  • Technically Evaluated Entity means the company which has been evaluated for the satisfaction of the technical requirement set forth in Clause 2.1.2 hereof;

  • Clinical nurse specialist means a registered nurse with relevant post-basic qualifications and 12 months’ experience working in the clinical area of his/her specified post-basic qualification, or a minimum of four years’ post-basic registration experience, including three years’ experience in the relevant specialist field and who satisfies the local criteria.

  • Mobile crisis outreach team means a crisis intervention service for minors or families of minors experiencing behavioral health or psychiatric emergencies.

  • Non-Participating Certified Clinical Nurse Specialist means a Certified Clinical Nurse Specialist who does not have a written agreement with the Claim Administrator or another Blue Cross and/or Blue Shield Plan to provide services to you at the time services are rendered.

  • MSAA Indicator Technical Specifications document means, as the context requires, either or both of the document entitled “Multi-Sector Service Accountability Agreement (MSAA) 2019-20 Indicator Technical Specifications November 5, 2018 Version 1.3” and the document entitled “Multi-Sector Service Accountability Agreement (MSAA) 2019-20 Target and Corridor-Setting Guidelines” as they may be amended or replaced from time to time;

  • Development Candidate means a Compound that meets the Development Candidate Criteria for the initiation of a Development Program for the treatment of CF, and which is the subject of a notice from Vertex to CFFT that Vertex intends to commence formal pre-clinical development of the Compound in the Field pursuant to the provisions of Section 3.1 hereof.

  • Commercial Item means a commercial item as defined in FAR 2.101.

  • reasonable measures means appropriate measures which are commensurate with the money laundering or terrorism financing risks;

  • District Level Anti-Ragging Committee means the Committee, headed by the District Magistrate, constituted by the State Government, for the control and elimination of ragging in institutions within the jurisdiction of the district.

  • Participating Certified Clinical Nurse Specialist means a Certified Clinical Nurse Specialist who has a written agreement with the Claim Administrator or another Blue Cross and/or Blue Shield Plan to provide services to you at the time services are rendered.