Credit Amendment means an amendment to the
Credit Amendment. A Maturity Amendment that, in the Collateral Manager’s reasonable judgment, is necessary (i) to prevent the related Collateral Obligation from becoming a Defaulted Obligation or (ii) due to the materially adverse financial condition of the related Obligor, to minimize material losses on the related Collateral Obligation.
Credit Amendment. The meaning specified in Section 7.20.
Examples of Credit Amendment in a sentence
Words in para (1) inserted by the Child Tax Credit (Amendment No 2) Regulations, SI 2006/1163 with effect from 24 May 2006.
Words in para (1), Rule 4, Case A revoked, and Rule 4.1 inserted, by the Child Tax Credit (Amendment) Regulations, SI 2007/2151 regs 2, 3 with effect from 16 August 2007.
Words in paras (3)( ab), (3A) inserted, and words in para (5) revoked, by the Child Tax Credit (Amendment) Regulations, SI 2007/2151 regs 2, 4 with effect from 16 August 2007.
The parts shall be shipped prepaid to the Agency from any source selected by the Contractor within fourteen (14) days of receipt of the request for said parts and shall not be subject to an Agency handling charge.
Each such request for amendment of a Letter of Credit shall be made by facsimile, confirmed promptly in an original writing (each a “Letter of Credit Amendment Request”) and shall specify in form and detail reasonably satisfactory to the Facing Agent: (i) the Letter of Credit to be amended; (ii) the proposed date of amendment of the Letter of Credit (which shall be a Business Day); (iii) the nature of the proposed amendment; and (iv) such other matters as the Facing Agent may require.
More Definitions of Credit Amendment
Credit Amendment has the meaning provided in the recitals hereto.
Credit Amendment means, with respect to any Collateral Obligation, any waiver, modification, amendment or variance that, in the Collateral Manager's judgment (i) is necessary to prevent the related Collateral Obligation from becoming a Defaulted Obligation or (ii) due to the materially adverse financial condition of the related obligor, is necessary to minimize losses on the related Collateral Obligation.
Credit Amendment means an amendment to the master settlement agreement that offers a credit to subsequent participating manufacturers for fees paid under this subchapter with respect to their products in a form agreed on by settling states, as defined in the master settlement agreement, with aggregate allocable shares, as defined in the master settlement agreement, equal to at least 99.937049 percent; by the original participating manufacturers, as defined in the master settlement agreement; and by subsequent participating manufacturers whose aggregate market share, expressed as a percentage of the total number of individual cigarettes sold in the United States, the District of Columbia, and Puerto Rico during the calendar year at issue, as measured by excise taxes collected by the federal government, and in the case of cigarettes sold in Puerto Rico, by arbitrios de cigarillos collected by the Puerto Rico taxing authority, is greater than 2.5 percent. For purposes of the calculation of subsequent participating manufacturer market share under this subchapter, 0.09 ounces of roll-your-own tobacco constitutes one cigarette.
Credit Amendment means any Maturity Amendment that, in the Collateral Manager’s judgment exercised in accordance with the Collateral Management Agreement, is necessary with respect to the related Collateral Obligation (a “Credit Amendment Obligation”) (i) to prevent such Credit Amendment Obligation from becoming a Defaulted Obligation or (ii), due to the materially adverse financial condition of the related obligor, to minimize material losses on such Credit Amendment Obligation.
Credit Amendment. The meaning specified in Section 7.20. “Credit Improved Criteria”: The criteria that will be met if, with respect to any Collateral Obligation, any of the following occur: (a) such Collateral Obligation has experienced a reduction in its credit spread of 10% or more compared to the credit spread in effect as of the Cut-Off Date for such Collateral Obligation, such reduction in spread being determined by reference to an Eligible Loan Index; or (b) such Collateral Obligation has a Market Value above the higher of (i) par and (ii) the initial purchase price paid by the Issuer for such Collateral Obligation. “Credit Improved Obligation”: Any Collateral Obligation, which in the Collateral Manager’s reasonable commercial judgment (which judgment shall not be called into question as a result of subsequent events), has significantly improved in credit quality after it was acquired by the Issuer, which may (but need not) be based on one or more of the Credit Improved Criteria; provided that, if a Restricted Trading Period is in effect, (i) such Collateral Obligation satisfies at least one of the Credit Improved Criteria or (ii) the Collateral Manager must obtain the consent of a Majority of the Controlling Class. “Credit Risk Criteria”: The criteria that will be met if, with respect to any Collateral Obligation, any of the following occur: (a) the spread over the Reference Rate or other Eligible Loan Index for such Collateral Obligation has been increased since the date of purchase by the Issuer by (A) 0.25% or more (in the case of a Collateral Obligation with a spread over the applicable reference rate selected by the Collateral Manager in the exercise of its reasonable business judgment (prior to such increase) less than or equal to 2.00%), (B) 0.375% or more (in the case of a Collateral Obligation with a spread over the applicable reference rate selected by the Collateral Manager in the exercise of its reasonable business judgment (prior to such increase) greater than 2.00% but less than or equal to 4.00%) or (C) 0.5% or more (in the
Credit Amendment means any Maturity Amendment which, in the Collateral Manager's judgment (exercised in accordance with the Collateral Management Agreement), is necessary (i) to prevent the related Collateral Obligation from becoming a Defaulted Obligation or (ii) due to the materially adverse financial condition of the Obligor, to minimize material losses on the related Collateral Obligation.
Credit Amendment means a Maturity Amendment being executed in connection with an insolvency, bankruptcy, reorganisation, debt restructuring, workout or financial distress of the Obligor thereof or that in the reasonable judgment of the Collateral Manager not voting in favour of would be likely to have an adverse effect on the Issuer or the Noteholders such as causing the related Collateral Debt Obligation to have a lower price, less liquidity, lower priority security interest, become unsecured, result in removal of covenants or otherwise be detrimental to the credit of the Collateral Debt Obligation.