Transfer to Avoid Termination Event definition
Transfer to Avoid Termination Event provision of Section 6(b)(ii) shall be amended by deleting the words “or if a Tax Event upon Merger occurs and the Burdened Party is the Affected Party.”
Transfer to Avoid Termination Event provision of Section 6(b)(ii), after the words “another of its Offices or Affiliates” on the seventh line add “(in respect of which the Designated Rating Agencies confirm that the transfer will not cause a reduction or withdrawal of the rating of the Notes)”.
Transfer to Avoid Termination Event provisions of Section 6(b)(ii) will not apply to Party B if Party B is the Affected Party.
More Definitions of Transfer to Avoid Termination Event
Transfer to Avoid Termination Event. Section 6(b)(ii) is hereby amended by adding at the end thereof before the period in the third paragraph the following condition: , and the prior written confirmation from each Rating Agency that the then current rating of the Class A-5 Notes will not be withdrawn or reduced as a result of such transfer