Subsequent Remedy Period definition

Subsequent Remedy Period means, in respect of a Subsequent S&P Rating Event, the period from (but excluding) the date on which such Subsequent S&P Rating Event occurs to (and including) the later of: (i) the 60th calendar day following the date on which such Subsequent S&P Rating Event occurs; and (ii) if Party A has, on or before the 60th calendar day following the date on which such Subsequent S&P Rating Event occurs submitted a detailed written proposal for a remedy to S&P and S&P have not taken negative rating action as a result of such proposal, the 90th calendar day following the date on which such Subsequent S&P Rating Event occurs. An entity will have the "Subsequent S&P Required Rating" (A) for so long as Replacement Option 1 applies, if the long-term, unsecured and unsubordinated debt obligations of that entity are rated at least as high as "BBB+" (or its equivalent) by S&P, and (B) for so long as Replacement Option 2 applies, if the long-term, unsecured and unsubordinated debt obligations of that entity are rated at least as high as "A-" by S&P. Replacement Option 1 will apply on and from the date of this Agreement, except that Party A may at any time elect for Replacement Option 2 to apply (or for Replacement Option 1 to apply if Replacement Option 2 applies at such time) on and from a particular date (the “Option Change Effective Date”), in which case Replacement Option 2 (or Replacement Option 1, as applicable) shall apply on and from the Option Change Effective Date provided the following conditions have been met:
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Subsequent Remedy Period means the period that commences on (and excludes) the date on which a Subsequent S&P Rating Event occurs and ends on (and includes) the later of (i) the 60th calendar day following the date on which such Subsequent S&P Rating Event occurs or (ii) if Party A has, on or before the 60th calendar day following the date on which such Subsequent S&P Rating Event occurs submitted a written proposal for a remedy to S&P and S&P has confirmed to Party A that it will not take rating action as a result of such proposal, then the 90th calendar day following the date on which such Subsequent S&P Rating Event occurs.
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Subsequent Remedy Period means, in respect of a Subsequent S&P Rating Event, the period from (but excluding) the date on which such Subsequent S&P Rating Event occurs to (and including) the later of: (i) the 60th calendar day following the date on which such Subsequent S&P Rating Event occurs; and (ii) if Party A has, on or before the 60th calendar day following the date on which such Subsequent S&P Rating Event occurs submitted a detailed written proposal for a remedy to S&P and S&P have confirmed that they will not take negative rating action as a result of such proposal, the 90th calendar day following the date on which such Subsequent S&P Rating Event occurs. An entity will have the "Subsequent S&P Required Rating" (A) for so long as Replacement Option 1 applies, if the long-term, unsecured and unsubordinated debt obligations of that entity are rated at least as high as "BBB+" (or its equivalent) by S&P and EXECUTION VERSION
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More Definitions of Subsequent Remedy Period

Subsequent Remedy Period means in respect of a Subsequent S&P Rating Event, the period from (but excluding) the date on which such Subsequent S&P Rating Event occurs to (and including) the 60th calendar day following (but excluding) the date on which such Subsequent S&P Rating Event occurs (or within 90 calendar days of (but excluding) the occurrence of such Subsequent S&P Rating Event if the S&P Extension Condition is met within 60 calendar days of (but excluding) the occurrence of such Initial S&P Rating Event).
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Related to Subsequent Remedy Period

  • Study Period means the period commencing at 9:00 a.m. on the date hereof, and continuing through 5:00 p.m. on the Closing Date.

  • 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

  • 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:

  • Inspection Period means the period beginning on the Effective Date and expiring at 5:00 p.m. eastern time on the forty-fifth day after the Effective Date.

  • Initial Cure Period As defined in Section 2.03(b).

  • Second Extension Period means a period of twelve (12) consecutive months following the First Extended Maturity Date.

  • Due Diligence Period has the meaning set forth in Section 4.1(a).

  • Penalty Period has the meaning set forth in Section 6.3.

  • Grace Period Extension Date means, if:

  • emergency period means any period during which

  • PEA Period means the period commencing at 9:30 a.m., Eastern time, on the fifth (5th) Business Day immediately prior to the filing of any post-effective amendment to the Registration Statement (as defined herein) or New Registration Statement (as such term is defined in the Registration Rights Agreement), and ending at 9:30 a.m., Eastern time, on the Business Day immediately following, the effective date of any post-effective amendment to the Registration Statement (as defined herein) or New Registration Statement (as such term is defined in the Registration Rights Agreement).

  • Summer Period means the June, July, August, and September billing months. “Winter Period” means the December, January, February, and March billing months. “Transition Period” means the April, May, October, and November billing months.

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

  • Rectification Period means the period of time set out in Section 4.3 of this RFP during which a Proponent will be permitted to rectify its Proposal to satisfy the mandatory submission requirements of this RFP.

  • Renewal Period “Buyer” and “Default” have the same meanings respectively as they have in the Water Agreement.

  • Objection Period has the meaning set forth in Section 2.4(d).

  • Post-Closing Period means any taxable period or portion thereof beginning after the Closing Date. If a taxable period begins on or before the Closing Date and ends after the Closing Date, then the portion of the taxable period that begins on the day following the Closing Date shall constitute a Post-Closing Period.

  • Termination Period means the period of time beginning with a Change in Control and ending on the earlier to occur of:

  • Resolution Extension Period As defined in Section 2.03(b).

  • Waiting Period shall have the meaning set forth in Section 2.2.

  • Wind-Down Period is defined in Section 12.5 of this Agreement.

  • Termination Notice means the communication issued in accordance with this Agreement by one Party to the other Party terminating this Agreement;

  • Extended Reporting Period means a designated period of time after a claims-made policy has expired during which a claim may be made and coverage triggered as if the claim has been made during the policy period.

  • Survival Period has the meaning set forth in Section 11.1.

  • Covenant Testing Period means the period commencing on the last day of the fiscal month of Borrower most recently ended prior to the occurrence of a Fixed Charge Test Commencement Date for which month Borrowers have delivered to Agent monthly financial statements of Solutions and its Subsidiaries, and continuing until the Termination Date has occurred.

  • Claim Period means the period of time during which a Settlement Class Member must submit a Claim Form to be eligible to receive a Cash Benefit or Billing Credit Option as part of the Settlement. The Claim Period shall commence not later than thirty (30) days after the Preliminary Approval Date, as defined herein, and shall conclude not more than ninety (90) days after it commences.