Downgrade definition
Downgrade means the removal of a person's privilege to operate a commercial motor vehicle, as
Downgrade means any of the following, as applicable:
Downgrade means to obtain a lower license class than what was originally
Examples of Downgrade in a sentence
Upon the occurrence and during the continuance of a Ratings Downgrade Event, the outstanding principal amount of each Series 2015X Bond shall bear interest at the Ratings Downgrade Rate.
For the avoidance of doubt, if at any time both Ratings Downgrade Rate and the Overdue Rate apply, the outstanding principal amount of each Series 2015X Bond and any past-due amount of interest shall bear interest at the rate per annum equal to the Base Rate plus four percent (4.00%).
Any increase in the amount of interest payable by Borrower resulting from application of the Ratings Downgrade Rate or Overdue Rate shall not affect Schedule A but shall be paid by Borrower as an additional amount on each relevant Interest Payment Date.
More Definitions of Downgrade
Downgrade means to obtain a lower license class than what was originally issued during an existing license cycle.
Downgrade means the removal of a person's privilege to operate a commercial motor vehicle, as maintained by the department on the individual Montana driving record and the CDLIS driver record for that person.
Downgrade means Party A's rating by a Designated Rating Agency has been withdrawn or reduced resulting in Party A having:
Downgrade means the downgrading of a position to a lower classification as a result of the current classification no longer matching the classification description of the duties being performed by the incumbent in that position.
Downgrade as it applies to a License, means a License is modified so as to permit a less acute level of care (such as, but not limited to, elimination of skilled nursing or assisted living care or services included therein) by the Governmental Authority responsible for issuing such License.
Downgrade shall have the meaning as set forth in Section 9.3(c) hereof.
Downgrade means a change in a licence from a Datacentre Licence to a Network Licence or Standalone Licence or from a Network Licence to a Standalone Licence, or the removal of separately charged modules, features or services from Your Licence;