Threshold Collateral Issuer definition
Threshold Collateral Issuer. As defined in the definition of “Threshold Event Collateral”.
Examples of Threshold Collateral Issuer in a sentence
If a letter of credit is furnished as Threshold Event Collateral, such Controlling Noteholder shall replace such letter of credit with other Threshold Event Collateral within 30 days if the credit ratings of the Threshold Collateral Issuer are downgraded below the required ratings; provided, however, that, if such Threshold Event Collateral is not so replaced, the Master Servicer shall draw upon such letter of credit and hold the proceeds thereof as Threshold Event Collateral.