Examples of Rating Downgrade Event in a sentence
Reference Security Rating Downgrade Date:In relation to any Reference Security, five Business Days following the date on which a Reference Security Rating Downgrade Event has occurred.
For purposes of this Agreement, the occurrence of either a Collateral Rating Downgrade Event or a Required Rating Downgrade Event may be referred to as a rating agency downgrade (a “Rating Agency Downgrade”).
The occurrence of a Pre-Maturity Rating Downgrade Event and/or a Legal Liquidity Rating Downgrade Event does not constitute the occurrence of a Borrower Event of Default or an Issuer Event of Default.
The Debenture Trustee (based on the consent of the Majority Debenture Holders) shall, upon occurrence of a Rating Downgrade Event and in accordance with Clause 6A, have the right to exercise it option to cause the Issuer to Redeem the Debentures in full.
Country in respect of which an Eligible Issuer Rating Downgrade Event has occurred: [●].