Examples of Downgrade Event in a sentence
If Downgrade Event is indicated as Applicable on the Cover Sheet, if at any time there occurs a Downgrade Event in respect of a Party, then the other Party may require Performance Assurance in an amount determined by that Party in a commercially reasonable manner.
Illustration of Segregated Portfolio Portfolio Date31-May-19Downgrade Event Date31-May-19 Downgrade Security8.65 % C Ltd from BBB+to DValuation Marked Down75% Ms. A is holding 1000 Units of the Scheme with the NAV 10, equal to (1000*10) Rs.10000 Portfolio before the Downgrade Event Security Rating Type of the Security Qty Price Per Unit The instrument "8.65 % C Ltd" was marked down by 75% on the date of credit event.
Illustration of Segregated Portfolio Portfolio Date31-May-19Downgrade Event Date31-May-19 Downgrade Security8.65 % C Ltd from BBB+to DValuation Marked Down75% Ms. A is holding 1000 Units of the Scheme with the NAV 10, equal to (1000*10) Rs.10000 Portfolio before the Downgrade Event Security Rating Type of the Security Qty Price Per UnitMarket Value (Rs. inLacs) % of Net Assets8.80% A LTDCRISIL AAANCD10000000 The instrument "8.65 % C Ltd" was marked down by 75% on the date of credit event.
The Compliant Party shall calculate its exposure under this Agreement as soon as practicable after the Downgrade Event, and on a monthly basis thereafter (“Performance Assurance Calculation Date”).
If at any time there shall occur a Downgrade Event in respect of Party B, then Party A may require Party B to provide Performance Assurance in an amount determined by Party A in a commercially reasonable manner.