Discount Event definition

Discount Event any time on or prior to the Expiration Date when Raytheon's Debt Rating is lower than BBB- or the equivalent thereof.
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Discount Event any time when Raytheon's Debt Rating is lower than either BBB+/Baa1.
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Examples of Discount Event in a sentence

  • If a Rating Event or Discount Event is no longer continuing, the portion of any Receivable representing the Seller's Interest created therein pursuant to this clause (b) shall, subject to the terms and conditions of this Agreement, be deemed to be available as a Receivable for purchase by the Purchasers on subsequent Settlement Dates.

  • Neither the Managing Facility Agent nor any Administrative Agent shall be deemed to have knowledge or notice of the occurrence of an Amortization Event, Discount Event, Rating Event, Remittance Event or Ineligibility Event (each, an "Occurrence") hereunder unless the Managing Facility Agent has received notice from a Purchaser, the Seller, the Servicer, RAC or Raytheon referring to this Agreement, describing such Occurrence and stating that such notice is a notice thereof.

  • Following an Amortization Event, Principal Collections on account of the Purchase Discount applied to the Purchase Price of Receivables purchased during a Rating Event or a Discount Event may, at the discretion of the Managing Facility Agent, be deemed Finance Charge Collections available to be distributed pursuant to subsections 2.16(b)(ii) and (b)(iii).

  • Neither the Managing Facility Agent nor any Purchaser shall by any act (except by a written instrument pursuant to paragraph 14 hereof), delay, indulgence, omission or otherwise be deemed to have waived any right or remedy hereunder or to have acquiesced in any default or Amortization Event, Ineligibility Event, Remittance Event, Discount Event or Rating Event, or in any breach of any of the terms and conditions hereof.

  • If no coal deliveries are made in the Billing Period under a Discount Event circumstance (which circumstance excludes the voluntary total suspension of coal deliveries by Seller), excluding deliveries of PLN Supplied Coal, then the value of Pm for such Billing Period shall the value of Pm applicable to the previous Billing Period.

  • The Manager assumes no responsibility to verify title or Ownership of the Property.

  • Upon the occurrence of a Discount Event of Default, each of FFC, Wamu, Dapper I, Remainderman I, Dapper II, Remainderman II, Dapper III and Remainderman III may exercise, at its option, concurrently, successively or in any combination, all remedies available at law or in equity (other than seeking punitive, consequential, indirect or special damages).

  • If the Closing occurs, a Discount Event of Default shall be a default under each of the Sale-Leaseback Documents.

  • If a Discount Event is no longer continuing, the portion of any Receivable representing the Seller's Interest created therein pursuant to this clause (b) shall, subject to the terms and conditions of this Agreement, be deemed to be available as a Receivable for purchase by the Purchasers on subsequent Settlement Dates.

  • Neither the Managing ------------------------------ Facility Agent nor any Purchaser shall by any act (except by a written instrument pursuant to Section 14 hereof), delay, indulgence, omission or otherwise be deemed to have waived any right or remedy hereunder or to have acquiesced in any default or Amortization Event, Ineligibility Event, Remittance Event, Discount Event or Rating Event, or in any breach of any of the terms and conditions hereof.

Related to Discount Event

  • Repayment Event means any event or condition which gives the holder of any note, debenture or other evidence of indebtedness (or any person acting on such holder’s behalf) the right to require the repurchase, redemption or repayment of all or a portion of such indebtedness by the Company or any of its subsidiaries.

  • Payment Event means the event or events giving rise to the right to payment of a Performance Award.

  • Prepayment Event means any Asset Sale Prepayment Event, Debt Incurrence Prepayment Event, Casualty Event or any Permitted Sale Leaseback.

  • Relevant Event means any Termination Event or any Mandatory Prepayment Event or any event which after the giving of notice or lapse of time or the satisfaction of any other condition (or any combination thereof) would constitute a Termination Event or a Mandatory Prepayment Event;

  • Foreign Prepayment Event has the meaning assigned to such term in Section 2.11(g).