Upgrade Event definition

Upgrade Event means any date on which the Moody's rating of the Swap Counterparty's long term or short term senior unsecured debt is upgraded from below the Required Rating to or above the Required Rating.
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Upgrade Event means Georgia-Pacific’s Debt Rating shall be BBB- or higher from S&P (provided, that, at such time, Georgia-Pacific’s Debt Rating is not lower than Ba1 from Xxxxx’x) or Baa3 or higher from Xxxxx’x (provided, that, at such time, Georgia-Pacific’s Debt Rating is not lower than BB+ from S&P).
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Upgrade Event means the passing of any Environmental Law after the Closing Date which has the effect of requiring any of the Obligors' crematoria to be upgraded in a way that will require additional capital expenditure in aggregate in excess of £1,000,000.
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Examples of Upgrade Event in a sentence

  • Counterparty Upgrade Event means either (i) the long-term and short-term debt rating assigned by S&P to the Swap Guarantor is at or above 'AA-' and 'A-1+' respectively, or (ii) the then rating of the Securities is equal to or lower than the then long-term rating of the Swap Guarantor.

  • Premium Account: The USD account established in the name of the Issuer with HSBC Bank plc, Jersey Branch, into which the Issuer will deposit the Fixed Amounts (under Section A of the Swap Agreement) and the Floating Amounts (under Section B of the Swap Agreement) (each as defined in the Swap Agreement) received from the Counterparty, which shall be deposited from time to time until the Counterparty Upgrade Event occurs and is continuing.

  • We suggest that the 45 day reporting period should be minimum period, i.e. if the insurance contract allows for a longer period, then that longer period should apply for the purposes of s40(3).

  • Production Upgrade Event – NJCU requires support for DBA during the production upgrade.

  • Ms. Hall reported on the May 7th Donor Upgrade Event with 54 guests of the 276 who increased their giving this year.

  • Crematoria UpgradesIf any environmental law is passed which requires any of the Obligors’ crematoria to be upgraded such that more than £1,000,000 of capital expenditure will be required to be incurred for such purpose (an "Upgrade Event"), the Obligors will retain an experienced firm of environmental consultants and, with them, prepare a capital cost estimate for the carrying out of the required upgrades (the "Crematoria Upgrades").


More Definitions of Upgrade Event

Upgrade Event means that the Credit Rating is increased to Investment Grade or higher.
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Upgrade Event has the meaning set forth in Section 2.05(b) hereof.
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Upgrade Event has the meaning set forth in Section 2.1(d).
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Related to Upgrade Event

  • Downgrade Event means, unless otherwise specified on the Cover Sheet, for a Party means that Party’s Credit Rating falls below BBB- from S&P or Baa3 from Moody’s or becomes no longer rated by either S&P or Moody’s.

  • ii) Event means any event described in Section 11(a)(ii) hereof.

  • ii) Trigger Date shall have the meaning set forth in Section 11(a)(iii) hereof.

  • Release Event has the meaning set forth in Section 6(b).

  • Required Ratings Downgrade Event means that no Relevant Entity has credit ratings at least equal to the Required Ratings Threshold.

  • Covenant Trigger Event shall occur at any time that Availability is less than the greater of (a) $12.5 million and (b) 10% of the Line Cap then in effect. Once commenced, a Covenant Trigger Event shall be deemed to be continuing until such time as Availability equals or exceeds the greater of (i) $12.5 million and (ii) 10% of the Line Cap then in effect for 30 consecutive days.

  • Covenant Trigger Period means the period (a) commencing on the day that (i) an Event of Default occurs or (ii) Availability is less than the greater of (x) 10% of Available Credit and (y) $20,000,000 and (b) continuing until, at all times thereafter for a period of 30 consecutive days during which, (i) no Event of Default exists and (ii) Availability shall have been not less than the greater of (x) 10% of Available Credit and (y) $20,000,000.

  • Replacement Event shall have the meaning specified in Section 11.16.

  • Trigger Event shall have the meaning specified in Section 14.04(c).

  • Notice Event means any of the events enumerated in paragraph (b)(5)(i)(C) of the Rule and listed in Section 4(a) of this Disclosure Agreement.

  • Delinquency Event A Delinquency Event shall have occurred with respect to any Distribution Date if the Rolling Three Month Delinquency Rate as of the last day of the immediately preceding calendar month equals or exceeds 53.00% of the Senior Enhancement Percentage for such Distribution Date.

  • Swap Provider Trigger Event A Swap Termination Payment that is triggered upon: (i) an Event of Default under the Interest Rate Swap Agreement with respect to which the Swap Provider is a Defaulting Party (as defined in the Interest Rate Swap Agreement), (ii) a Termination Event under the Interest Rate Swap Agreement with respect to which the Swap Provider is the sole Affected Party (as defined in the Interest Rate Swap Agreement) or (iii) an Additional Termination Event under the Interest Rate Swap Agreement with respect to which the Swap Provider is the sole Affected Party.

  • Trigger Event Date means a date on which a Trigger Event has occurred as determined by the Calculation Agent.

  • Liquidity Provider Ratings Event Termination Date means the date established by the Tender and Paying Agent, acting upon instructions of the Fund pursuant to the Tender and Paying Agent Agreement, for termination of the VRDP Purchase Agreement upon the occurrence of a Liquidity Provider Ratings Event, which date shall be not less than 16 days nor more than 30 days following such Liquidity Provider Ratings Event.

  • Reduction Event means any of the following:

  • Sequential Trigger Event With respect to any Distribution Date, a Sequential Trigger Event is in effect if (a) with respect to any Distribution Date occurring before July 2009, the circumstances in which the aggregate amount of Realized Losses incurred since the Cut-off Date through the last day of the related Prepayment Period divided by the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date exceeds 0.20% and (b) with respect to any Distribution Date occurring in or after July 2009, a Trigger Event is in effect.

  • Maintenance Period means the period so specified in an adoption agreement as a period of time—

  • Trigger Period means the period commencing 60 days prior to the first public announcement by the Company of any Change of Control (or pending Change of Control) and ending 60 days following consummation of such Change of Control (which Trigger Period will be extended following consummation of a Change of Control for so long as either of the Rating Agencies has publicly announced that it is considering a possible ratings change).

  • Delinquency Trigger Event means, for any Collection Period, the aggregate Principal Balance of Delinquent Receivables that have been Delinquent Receivables for 61 days or more as a percentage of the Pool Balance as of the last day of the Collection Period exceeding or being equal to 6.62%.

  • Incipient Event of Termination means an event that but for notice or lapse of time or both would constitute an Event of Termination.

  • LCA Test Date has the meaning assigned to such term in Section 1.06.

  • Lease Event of Default shall have the meaning specified in Section 17.1 of the Lease.

  • Default Event means an event or circumstance which leads Operator to determine that a Venue User is or appears to be unable or likely to become unable to meet its obligations in respect of an Order or Transaction or to comply with any other obligation under an Agreement or Applicable Law.

  • Servicer Replacement Event means any one or more of the following that shall have occurred and be continuing:

  • Cumulative Loss Trigger Event If, with respect to any Distribution Date, the quotient (expressed as a percentage) of (x) the aggregate amount of Realized Losses incurred since the Cut-off Date through the last day of the related Due Period, divided by (y) the Cut-off Date Pool Principal Balance, exceeds the applicable Cumulative Loss Percentages set forth below with respect to such Distribution Date: Distribution Date Occurring In Cumulative Loss Percentage March 2008 through February 1.400% for the first month, plus an additional 2009 1/12th of 1.750% for each month thereafter (e.g., 2.275% in September 2008) March 2009 through February 3.150% for the first month, plus an additional 2010 1/12th of 1.750% for each month thereafter (e.g., 4.025% in September 2009) March 2010 through February 4.900% for the first month, plus an additional 2011 1/12th of 1.400% for each month thereafter (e.g., 5.600% in September 2010) March 2011 through February 6.300% for the first month, plus an additional 2012 1/12th of 0.750% for each month thereafter (e.g., 6.675% in September 2011) March 2012 and thereafter 7.050%