Security Downgrade Clause Samples
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Security Downgrade. In the event a security in the portfolio is downgraded below the minimum credit quality allowed for the category, the external investment manager and/or Treasury personnel responsible for the internal management of the corporate cash will contact the Assistant Treasurer as soon as possible. A plan of action will be determined in a reasonable time. It is not mandatory that the security must be sold. However, if the decision is made to hold the investment, the reason for the decision must be documented. USG Corporation will instill no restriction on gains earned from investments managed in house or by an external manager. For each quarter, the portfolio must adhere to a zero realized net loss policy (excluding realized losses from securities sold due to a credit downgrade).
Security Downgrade. A secure TIP session could be downgraded into non-secure. This is typically a scenario involving a multi-point session where a non-secure device joins the secure conference turning it non- secure, assuming the session has not been configured to be a secure-only conference.. Two mechanisms can be used to turn a TIP session into a non-secure session.
1. The first mechanism involves putting the SIP session on hold and immediately resuming it as a non-secure SIP session. The downgrading device does not start any DTLS sessions but rather start its TIP sessions following call setup causing the remote device DTLS sessions to be aborted and non-secure TIP sessions to be established
2. The second mechanism involves continuing to use SRTP and SRTCP on the secure TIP session. However a TIP Notification message indicating the change in the security state of the session is sent by the downgrading device causing the remote device to treat the TIP session as non-secure in all aspects except its media transport (see 5.3 for more details on TIP security state notification)
Security Downgrade. If securities are downgraded by one of the rating agencies, notification of the downgrade and recommendation of action should be sent to the Treasurer or designee within 2 business days of the downgrade event, or soon after as reasonably predictable. If a security rating drops below the minimum ratings, it may be held with approval of the CFO.