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Common use of Downgrade Clause in Contracts

Downgrade. BNY fails to comply with the Downgrade Provisions as set forth in Paragraph 4(9). BNY shall be the sole Affected Party.

Appears in 17 contracts

Sources: Rate Cap Transaction (HarborView 2006-Sb1), Pooling and Servicing Agreement (Harborview 2006-9), Pooling and Servicing Agreement (HarborView 2006-10)

Related Clauses

  • Rating Agency Downgrade
  • No Downgrade
  • Ratings
  • Rating
  • Moody’s

Parent Clauses

  • DEFINITIONS
  • Notices
  • Board of Trustees Meetings
  • Covenants
  • ADDITIONAL TERMINATION EVENTS

Sub-Clauses

  • Voluntary and Deficiency Downgrades
  • Involuntary Downgrade (No Fault Downgrade
  • Employee Requested
  • Deposits to Accounts
  • Borrower Indebtedness
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