Fitch Threshold means, (A) for so long as any of an Initial Fitch Rating Event, a First Subsequent Fitch Rating Event or a Second Subsequent Fitch Rating Event has occurred and is continuing and Party A has not taken alternative action as contemplated by Part 5(f)(iii)(B) of the Schedule to the Agreement, zero and (B) at any other time, infinity.
Fitch Threshold means, with respect to Party A and any Valuation Date, if a Fitch Approved Threshold Downgrade Event has occurred and is continuing and such Fitch Approved Threshold Downgrade Event has been continuing for at least 30 calendar days or since this Annex was executed, zero; otherwise, infinity
Fitch Threshold means with respect to the Counterparty:
Examples of Fitch Threshold in a sentence
Party A, infinity, unless either (i) the Moody’s Threshold is equal to zero; and/or (ii) the Fitch Threshold is equal to zero, in which case the Threshold with respect to Party A shall be equal to zero.
More Definitions of Fitch Threshold
Fitch Threshold means, where a Fitch Ratings Level 1 Event has occurred and Party A has not otherwise complied with the requirement to procure that limb (2) of a Fitch Ratings Level 1 Cure Event has occurred pursuant to Part 5(g)(iii)(a)(1) or a Fitch Ratings Level 2 Event has occurred and Party A has not otherwise complied with the requirement to procure that limb (2) of a Fitch Ratings Level 2 Cure Event has occurred pursuant to Part 5(g)(iii)(b)(1), zero and at any other time, infinity.
Fitch Threshold means, with respect to Party A and any Valuation Date, if a Fitch First Trigger Downgrade Event has occurred and is continuing and such Fitch First Trigger Downgrade Event has been continuing (i) for at least 30 calendar days or (ii) since this Annex was executed, zero; otherwise, infinity.
Fitch Threshold means (A) for so long as an Initial Fitch Rating Event or a Subsequent Fitch Rating Event has occurred and is continuing and Party A has not taken alternative action as contemplated by paragraphs (f)(iii)(i)(B)(I), (f)(iii)(i)(B)(II), (f)(iii)(i)(B)(III); or (f)(iii)(ii)(A) of Part 5 of the Schedule to this Agreement, zero, and(B) at any other time, infinity.
Fitch Threshold means, with respect to Party A and any Valuation Date, if a Fitch Collateralization Event has been continuing for at least 10 local Business Days or since this Annex was executed, zero; otherwise, infinity or if a Fitch Ratings Event has occurred and has been continuing for at least 10 Local Business Days, zero; otherwise, infinity.
Fitch Threshold means, (A) for so long as (x) any of an Initial Fitch Rating Event or a Subsequent Fitch Rating Event has occurred and has been continuing, (y) the Initial Fitch Rating Event or Subsequent Fitch Rating Event (as applicable) has continued since this Annex was executed or 60 (if the Fitch Highly Rated Thresholds apply) or 14 (if the Fitch Highly Rated Thresholds do not apply) or more calendar days have elapsed since such Fitch Rating Event first occurred and (z) Party A has not taken alternative action as contemplated by Part 5(e)(iii)(B) or Part 5(e)(iv)(A) of the Schedule to the Agreement, zero and (B) at any other time, infinity.
Fitch Threshold means: (a) for so long as (i) an Initial Fitch Rating Event or a Subsequent Fitch Rating Event has occurred and is continuing, (ii)(A) the Initial Fitch Rating Event has continued since this Annex was executed or 14 or more calendar days have elapsed since such Initial Fitch Rating Event first occurred or (B) 10 or more calendar days have elapsed since the Subsequent Fitch Rating Event first occurred, and (iii) Party A has not taken remedial action as contemplated by paragraphs (h)(ii)(2)(I), (h)(ii)(2)(II), (h)(ii)(2)(III) or (h)(iii)(1) (as applicable) of Part 5 of the Schedule to the Agreement, zero; and (b) at any other time, infinity;
Fitch Threshold means (A) for so long as an Initial Fitch Rating Event or a Subsequent Fitch Rating Event has occurred and is continuing and Part A has not taken alternative action as contemplated by paragraphs (g)(ii)(B)(I), (g)(ii)(B)(II), (g)(ii)(B)(III) or (g)(iii)(A) of Part 5 of the Schedule of the Schedule to the Agreement, zero and (b) at any other time, infinity.