Applicable criteria definition
Examples of Applicable criteria in a sentence
If the Contracting Party objects to a proposed Substitute it must give the Collateral Agent notice of its objection setting out the grounds upon which the Contracting Party believes that the proposed Substitute does not meet the Applicable Criteria.
The Contracting Party may only object to a proposed Substitute on the grounds that it does not meet the Applicable Criteria.
If the party fails to appoint a person to be the Expert on or before the applicable Trigger Date under paragraph (c) or within such fifteen (15) Business Day period under paragraph (d) (as the case may be), a person who meets the Applicable Criteria (as defined above) shall be appointed by the ICC International Centre For Expertise from amongst the list in paragraph (c) in accordance with the ICC Rules For Expertise as then in force.