Joint Probability definition
Joint Probability the Moody's Joint Probability or the S&P Joint Probability, as applicable.
Joint Probability has the meaning given in the Primary Confirmation.
Joint Probability the ▇▇▇▇▇'▇ Joint Probability or the S&P Joint Probability, as applicable.
Examples of Joint Probability in a sentence
To the extent the Trust and Offsetting Counterparty, in their sole and absolute discretion, terminate the Fallback Swap Transaction and the Trust, in its sole and absolute discretion, enters into the Replacement Fallback Swap Transaction with the Fallback Offsetting Counterparty, in each case, within thirty (30) days of receipt of notice of the reduction of the Joint Probability, the Counterparty will have no further obligations under paragraph (a) above.
More Definitions of Joint Probability
Joint Probability the M▇▇▇▇’▇ Joint Probability.
Joint Probability the Mo▇▇▇'▇ ▇o▇▇▇ ▇robability or the S&P Joint Probability, as applicab▇▇.
Joint Probability has the meaning given in each Primary Swap Confirmation.
Joint Probability means the joint probability determined by S&P of the long-term likelihood of payment under the interest rate swap determined by locating the intersection of the Counterparty's long term senior unsecured debt rating and the Offsetting Counterparty's long-term senior unsecured debt rating in the following table: