Downgrade definition

Downgrade means the removal of a person's privilege to operate a commercial motor vehicle, as

Downgrade means to obtain a lower license class than what was originally issued during an existing license cycle.

Downgrade means to obtain a lower license class than what was originally

Examples of Downgrade in a sentence

• Following the downgrade of a Swap Counterparty's rating, the Account Bank shall, upon request by the Issuer, open the Counterparty Downgrade Collateral Account within ten (10) Business Days in the name of and for the benefit of the Issuer which is subject to English law and denominated in GBP or EUR and confirm that it has opened such account to the Issuer.

• The Account Bank shall administer, credit and debit each of the Distribution Account, the Cash Collateral Account, the Counterparty Downgrade Collateral Account and the Accumulation Account and separately in accordance with the terms and provisions hereunder.

• The Counterparty Downgrade Collateral Account shall be a cash only account, which may be supplemented by a securities account to be opened with the Counterparty Downgrade Collateral Account Bank following the downgrade of the ratings of any of the Swap Counterparties, and may not go into overdraft.

More Definitions of Downgrade

Downgrade means the removal of a person's privilege to operate a commercial motor vehicle, as maintained by the department on the individual Montana driving record and the CDLIS driver record for that person.

Downgrade means any of the following, as applicable:

Downgrade shall have the meaning as set forth in Section 9.3(c) hereof.

Downgrade as it applies to a License, means a License is modified so as to permit a less acute level of care (such as, but not limited to, elimination of skilled nursing or assisted living care or services included therein) by the Governmental Authority responsible for issuing such License.

Downgrade means the downgrading of a position to a lower classification as a result of the current classification no longer matching the classification description of the duties being performed by the incumbent in that position.

Downgrade means, with respect to any Lender, the lowest rating that has been most recently announced for any class of non-credit enhanced long-term senior unsecured debt issued by such Lender is lower than BBB- by S&P or Baa3 by Moody's.

Downgrade means, with respect to any Lender, the lowest rating that has been most recently announced for any class of non-credit enhanced long-term senior unsecured debt issued by such Lender is lower than BBB- by S&P or Baa3 by Moody’s.