Downgrade Draw definition

Downgrade Draw is defined in Section 3.2(a).

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Downgrade Draw. The meaning specified in Section 3.08(c).

Downgrade Draw is defined in Section 2.9(a)(ii).

Examples of Downgrade Draw in a sentence

If any Committed Investor shall be required pursuant to Section 3.2(a) to fund a Downgrade Draw, then its Managing Agent shall apply the monies in the Downgrade Collateral Account applicable to such Committed Investor’s share of Investments and L/C Borrowings required to be made by the Committed Investors and to any Assignment Amount payable by such Committed Investor pursuant to Section 3.1 at the times, in the manner and subject to the conditions precedent set forth in this Agreement.
For so long as the conditions which caused a Downgrade Draw with respect to a Class A-1R Noteholder are in existence, no interest shall accrue on the amount which is held in the related Class A-1R Purchaser Collateral Account in connection with such Downgrade Draw; instead that amount will be included in the calculation of the Commitment Fees of the related Class A-1R Noteholder, subject to Section 3.08(d).
If any Alternate Lender in any Lender Group shall be required pursuant to subsection (a) to fund a Downgrade Draw, then the related Managing Agent shall apply the monies in the Downgrade Collateral Account applicable to such Alternate Lender’s share of Loans required to be made by the related Alternate Lenders, to any Assignment Amount payable by such Alternate Lender pursuant to Section 7.1 at the times, in the manner and subject to the conditions precedent set forth in this Credit Agreement.
If any Liquidity Bank shall be required pursuant to Section 15.2(a) to fund a Downgrade Draw, then the Agent shall apply the monies in the Downgrade Collateral Account applicable to such Liquidity Bank’s share of Loans required to be made by the Liquidity Banks and to any Assignment Amount payable by such Liquidity Bank pursuant to Section 15.1 at the times, in the manner and subject to the conditions precedent set forth in this Agreement.
Subject to Sections 3.07(d) and 5.02 and except with respect to Borrowings made upon a Downgrade Draw and deposited in a Class A-R Rating Requirement Funding Account for so long as such amounts remain on deposit therein, each Class A‑R Noteholder shall fund its Pro Rata Share of each Borrowing requested by the Issuer hereunder by wire transfer of immediately available funds by 3:00 p.m. (New York time) on the applicable Class A-R Borrowing Date, to a specified Account under the Indenture.
If any Alternate Investor shall be required pursuant to Section 3.2(a) to fund a Downgrade Draw, then the Agent shall apply the monies in the Downgrade Collateral Account applicable to such Alternate Investor’s Pro Rata Share of Investments required to be made by the Alternate Investors, to any Assignment Amount payable by such Alternate Investor pursuant to Section 3.1 at the times, in the manner and subject to the conditions precedent set forth in this Agreement.
If any Purchaser shall be required pursuant to clause (ii) above to fund a Liquidity Downgrade Draw, then the Company shall instruct the Administrator to apply the monies in the Downgrade Collateral Account applicable to such Purchaser's Purchaser Percentage of requested purchases of Percentage Interests at the times, in the manner and subject to the conditions precedent of such requested purchases.
If any Committed Investor shall be required pursuant to Section 3.2(a) to fund a Downgrade Draw, then its Managing Agent shall apply the monies in the Downgrade Collateral Account applicable to such Committed Investor’s share of Investments required to be made by the Committed Investors and to any Assignment Amount payable by such Committed Investor pursuant to Section 3.1 at the times, in the manner and subject to the conditions precedent set forth in this Agreement.
If any Liquidity Bank shall be required pursuant to Section 2.9(a) to fund a Downgrade Draw, then the Agent shall apply the monies in the Downgrade Collateral Accounts in each Currency applicable to such Liquidity Bank to the payment of such Liquidity Bank’s Pro Rata Share of Advances required to be made by the Liquidity Banks in such Currency at the times, in the manner and subject to the conditions precedent set forth in this Agreement.
If any Alternate Investor shall be required pursuant to Section 2.13(a) to fund a Downgrade Draw, then the Agent shall apply the monies in the Downgrade Collateral Account applicable to such Alternate Investor’s applicable Pro Rata Share of Incremental Fundings required to be made by the Alternate Investors, to any Assignment Purchase Price payable by such Alternate Investor pursuant to Section 2.09 at the times, in the manner and subject to the conditions precedent set forth in this Agreement.

More Definitions of Downgrade Draw

Downgrade Draw has the meaning set forth in Section 15.2.

Downgrade Draw is defined in Section 7.2(a) hereof.

Downgrade Draw means the requirement for each of the Class A1-D Noteholders and Class A3 Noteholders to deposit cash with the Issuer in an amount equal to their respective Class A1-D Pro Rata Share of the Class A1-D Available Commitment or Class A3 Pro Rata Share of Class A3 Available Commitment, as applicable, upon failure by it to satisfy the A1-D Rating Criteria or A3 Rating Criteria,

Downgrade Draw means each cash deposit with the Issuer made by a Class A3 Noteholder in an amount equal to its Class A3 Pro rata Share of the Class A3 Available Commitment upon failure by it to satisfy the Class A3 Rating Criteria in accordance with the terms of the Class A3 Note Purchase Agreement;

Downgrade Draw is defined in Clause 2.9(a)(ii) (Downgrade of Liquidity Risk) of the Liquidity Agreement.

Downgrade Draw is defined in Section 3.2(a). -------------- -------------