S&P Threshold definition
Examples of S&P Threshold in a sentence
Party A hereby agrees that, for so long as the S&P Threshold for Party A is zero, it will no less frequently than semi-annually provide to S&P the External Mark Statement unless (i) S&P has provided a rating agency confirmation to Party A and Party B to the effect that such External Mark Statement is not required or (ii) such External Mark Statement is not required by S&P's then current counterparty criteria in respect of structured finance securities.
So long as (i) the S&P Threshold is zero, (ii) S&P's then current counterparty criteria in respect of structured finance securities requires that an External Mark be provided, and (iii) S&P's confirmation has not been obtained that an External Mark is not required, Party A will no less frequently than semi- annually provide to S&P the External Mark Statement.
In the event that SP Beneficially Owns less than the SP Threshold, SP shall notify GF in writing of such event within five (5) business days.
Party A hereby agrees that, for so long as the S&P Threshold for Party A is zero, it will no less frequently than semi-annually provide to S&P the External Xxxx Statement unless (i) S&P has provided a rating agency confirmation to Party A and Party B to the effect that such External Xxxx Statement is not required or (ii) such External Xxxx Statement is not required by S&P's then current counterparty criteria in respect of structured finance securities.
So long as (i) the S&P Threshold is zero, (ii) S&P's then current counterparty criteria in respect of structured finance securities requires that an External Xxxx be provided, and (iii) S&P's confirmation has not been obtained that an External Xxxx is not required, Party A will no less frequently than semi- annually provide to S&P the External Xxxx Statement.