Downgrade Date definition

Downgrade Date has the meaning specified in Section 3.05(c)(i).

Downgrade Date means the date on which a Downgrade Event occurs.

Downgrade Date means the first date on which the Xcel Debt has not retained at least the 4/1/03 Ratings for a period of at least 120 consecutive days.

Examples of Downgrade Date in a sentence

• Each Liquidity Provider will promptly, but in any event within ten (10) days of the occurrence of a Downgrade Event with respect to it (the date of such occurrence, the “Downgrade Date”), deliver notice to the Subordination Agent and American of the occurrence of such Downgrade Event and the Downgrade Date therefor.

• Following the First Ratings Downgrade Date and for so long as the First Ratings Downgrade continues but a Second Ratings Downgrade has not occurred, any increase in the Set-Off (Reclaimable Payments) Facility Limit will be followed by an immediate drawing under the Set-Off (Reclaimable Payments) Facility Agreement in the amount of 50 per cent.

• Each Company shall, at the sole expense of U.S. Borrower, take any action and execute all documents and instruments necessary or desirable to reattach Liens on Collateral of at least equal value as the Collateral released after a Rating Date, in each case as promptly as practicable but in no event later than 90 days after such Downgrade Date.

• Following the Second Ratings Downgrade Date and for so long as the Second Ratings Downgrade continues any increase in the required Set-Off (Deposits) Facility Limit will be followed by an immediate drawing under the Set-Off (Deposits) Facility Agreement in the amount of 100 per cent.

• Following the Second Ratings Downgrade Date and for so long as the Second Ratings Downgrade continues any increase in the Set-Off (Reclaimable Payments) Facility Limit will be followed by an immediate drawing under the Set-Off (Reclaimable Payments) Facility Agreement in the amount of 100 per cent.

More Definitions of Downgrade Date

Downgrade Date shall have the meaning specified in Section 4.2(a).

Downgrade Date means, with respect to a Rating Agency, the date on which the Initial Liquidity Facility Provider no longer has the minimum long-term issuer rating specified for such Rating Agency in the definition of “Threshold Rating”.

Downgrade Date has the meaning specified in Section 3.05(c)(i). Intercreditor Agreement (2016-3) American Airlines Aircraft EETC

Downgrade Date means any date after any Rating Date on which the Borrower's long term Indebtedness is rated lower than BBB- by S&P or Baa3 by Xxxxx'x.

Downgrade Date. The date on which Transamerica Finance Corporation no -------------- longer owns directly or indirectly at least 66 2/3 of the voting stock of the Seller or Metropolitan Mortgage Corporation or the date on which (i) the long- term senior unsecured debt of Transamerica Finance Corporation is downgraded below Baa1 by Moody's, or (ii) the long-term senior unsecured debt of Transamerica Finance Corporation is downgraded below A- by S&P; unless in the case of either (i) or (ii), the applicable Rating Agency delivers a letter to the Trustee stating that the failure to record Assignments will not result in the reduction, qualification or withdrawal of the then current rating assigned to the Class A Certificates by such Rating Agency or the shadow rating assigned by the Rating Agencies and the Insurer approves such letter.

Downgrade Date has the meaning specified in Section 3.05(c)(i). Intercreditor Agreement (2012-1) (2012-1 EETC)

Downgrade Date means the date on which the Borrower's long-term senior, unsecured Debt (without third party credit enhancement) is no longer Investment Grade.