Ratings Adjustment Date definition

Ratings Adjustment Date has the meaning assigned in Section 3.07.
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Ratings Adjustment Date has the meaning assigned in Section 3.07. "Realized Losses" means, as to any Remittance Date, the aggregate Net Liquidation Losses of all Contracts that became Liquidated Contracts during the immediately preceding Due Period.
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Ratings Adjustment Date means the fifth (5th) day (or, if such day is not a Business Day, on the next succeeding Business Day) after the announcement by Standard & Poor’s or Moody’s of any change in its rating with respect to the rating of the Loans.
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Examples of Ratings Adjustment Date in a sentence

  • Within one Business Day after any date prior to the Funding Termination Date on which the Company's long-term debt securities are rated BB+ or lower by Standard & Poor's, Ba1 or lower by Xxxxx'x, and BB+ or lower by Fitch (the "Ratings Adjustment Date"), the Company shall give written and telephonic notice thereof to the Trustee and shall deposit with the Trustee an amount equal to the Cut-Off Date Principal Balance of the Contracts that were Unfunded Contracts on the Ratings Adjustment Date.

  • Within one Business Day after any date prior to the Funding Termination Date on which the Company's long-term debt securities are rated BB+ or lower by Standard & Poor's and BB+ or lower by Fitch (the "Ratings Adjustment Date"), the Company shall give written and telephonic notice thereof to the Trustee and shall deposit with the Trustee an amount equal to the unfunded portion of the Contracts that were Unfunded Contracts on the Ratings Adjustment Date.

  • Within one Business Day after any date prior to the Funding Termination Date on which the Company's long-term debt securities are rated BB+ or lower by Standard & Poor's and Bal or lower by Xxxxx'x (the "Ratings Adjustment Date"), the Company shall give written and telephonic notice thereof to the Trustee and shall deposit with the Trustee an amount equal to the unfunded portion of the Contracts that were Unfunded Contracts on the Ratings Adjustment Date.

  • Within one Business Day after any date prior to the Funding Termination Date on which the Originator's long-term debt securities are rated BB+ or lower by Fitch and Ba1 or lower by Xxxxx'x (the "Ratings Adjustment Date"), the Originator shall give written and telephonic notice thereof to the Trustee and shall deposit with the Trustee an amount equal to the unfunded portion of the Contracts that were Unfunded Contracts on the Ratings Adjustment Date.

  • Within one Business Day after any date prior to the Funding Termination Date on which the Company's long-term debt securities are rated BB+ or lower by Standard & Poor's and Ba1 or lower by Xxxxx'x (the "Ratings Adjustment Date"), the Company shall give written and telephonic notice thereof to the Trustee and shall deposit with the Trustee an amount equal to the unfunded portion of the Contracts that were Unfunded Contracts on the Ratings Adjustment Date.

  • Within one Business Day after any date prior to the Funding Termination Date on which the Company's long-term debt securities are rated BBB+ or lower by Standard & Poor's, and BBB+ or lower by Fitch (the "Ratings Adjustment Date"), the Company shall give written and telephonic notice thereof to the Trustee and shall deposit with the Trustee an amount equal to the Cut-Off Date Principal Balance of the Contracts that were Unfunded Contracts on the Ratings Adjustment Date.

  • Within one Business Day after any date prior to the Funding Termination Date on which the Originator's long-term debt securities are rated BB+ or lower by Standard & Poor's and Ba1 or lower by Xxxxx'x (the "Ratings Adjustment Date"), the Originator shall give written and telephonic notice thereof to the Trustee and shall deposit with the Trustee an amount equal to the unfunded portion of the Contracts that were Unfunded Contracts on the Ratings Adjustment Date.

  • Within one Business Day after any date prior to the Funding Termination Date on which the Company's long-term debt securities are rated BBB+ or lower by Standard & Poor's (the "First Ratings Adjustment Date"), the Company shall give written and telephonic notice thereof to the Trustee and shall deposit with the Trustee an amount equal to that portion of the Cut-off Date Principal of the Unfunded Contracts that was undisbursed on the First Ratings Adjustment Date.

  • Within one Business Day after any date prior to the Funding Termination Date on which the Company's long-term debt securities are rated Baa3 or lower by Xxxxx'x and BBB- or lower by Standard & Poor's (the "Ratings Adjustment Date"), the Company shall give written and telephonic notice thereof to the Trustee and shall deposit with the Trustee an amount equal to the unfunded portion of the Contracts that were Unfunded Contracts on the Ratings Adjustment Date.

  • If the Rating Level is Level 2 on the First Ratings Adjustment Date, the Borrower shall obtain, on or before July 31, 1999, a corporate credit rating respecting the Borrower issued by Moody's and S&P and upon receipt of such rating the Borrower shall immexxxxxxx notify the Agent and the Banks of such rating.

Related to Ratings Adjustment Date

  • Interest Adjustment Date With respect to a Mortgage Loan, the date, if any, specified in the related Mortgage Note on which the Mortgage Interest Rate is subject to adjustment.

  • Open Market Adjustment Amount shall have the meaning specified in Section 2(I).

  • Payment Adjustment Date With respect to each ARM Loan, the date on which the Borrower's Monthly Payment changes in accordance with the terms of the related Mortgage Note.

  • Ratings Spread means, with respect to an SRP Calculation Period, the percentage per annum set forth below opposite the highest applicable credit rating assigned to the VRDP Shares, unless the lowest applicable rating is below A3/A-, in which case the Ratings Spread shall mean the percentage per annum set forth below opposite the lowest applicable credit rating assigned to the VRDP Shares by Moody’s, Fitch or any Other Rating Agency, in each case rating the VRDP Shares at the request of the Fund, on the SRP Calculation Date for such SRP Calculation Period:

  • Required Ratings Downgrade Event means that no Relevant Entity has credit ratings at least equal to the Required Ratings Threshold.

  • Trigger Event Date means a date on which a Trigger Event has occurred as determined by the Calculation Agent.

  • Ratings Decline Period means the period that (i) begins on the earlier of (a) the date of the first public announcement of the occurrence of a Change of Control and (b) the occurrence of a Change of Control and (ii) ends 90 days following consummation of such Change of Control; provided that such period shall be extended for so long as the rating of the Notes, as noted by the applicable Rating Agency, is under publicly announced consideration for downgrade by the applicable Rating Agency.

  • Interest Rate Adjustment Date With respect to each Adjustable Rate Mortgage Loan, the date, specified in the related Mortgage Note and the related Mortgage Loan Schedule, on which the Mortgage Interest Rate is adjusted.

  • Moody’s First Trigger Ratings Threshold means, with respect to Party A, the guarantor under an Eligible Guarantee or an Eligible Replacement, (i) if such entity has a short-term unsecured and unsubordinated debt rating from Moody’s, a long-term unsecured and unsubordinated debt rating or counterparty rating from Moody’s of “A2” and a short-term unsecured and unsubordinated debt rating from Moody’s of “Prime-1”, or (ii) if such entity does not have a short-term unsecured and unsubordinated debt rating or counterparty rating from Moody’s, a long-term unsecured and unsubordinated debt rating or counterparty rating from Moody’s of “A1”.

  • Adjustment Day means the first calendar day in each month.

  • Adjustment Date As to each Adjustable Rate Mortgage Loan, each date on which the related Mortgage Rate is subject to adjustment, as provided in the related Mortgage Note.

  • Rating period means the calendar period for which premium rates established by a small employer carrier are assumed to be in effect.

  • Rating Date means the date which is 90 days prior to the earlier of (i) a Change in Control and (ii) public notice of the occurrence of a Change in Control or of the intention of the Company to effect a Change in Control.

  • LIBOR Adjustment Date With respect to any Payment Date, the second business day before the related Accrual Period begins. For this purpose, a “business day” is a day on which banks are open for dealing in foreign currency and exchange in London, New York City and Washington, D.C.

  • Liquidity Provider Ratings Event Termination Date means the date established by the Tender and Paying Agent, acting upon instructions of the Fund pursuant to the Tender and Paying Agent Agreement, for termination of the VRDP Purchase Agreement upon the occurrence of a Liquidity Provider Ratings Event, which date shall be not less than 16 days nor more than 30 days following such Liquidity Provider Ratings Event.

  • Moody’s Second Trigger Ratings Threshold means, with respect to Party A, the guarantor under an Eligible Guarantee or an Eligible Replacement, (i) if such entity has a short-term unsecured and unsubordinated debt rating from Moody’s, a long-term unsecured and unsubordinated debt rating or counterparty rating from Moody’s of “A3” and a short-term unsecured and unsubordinated debt rating from Moody’s of “Prime-2”, or (ii) if such entity does not have a short-term unsecured and unsubordinated debt rating from Moody’s, a long-term unsecured and unsubordinated debt rating or counterparty rating from Moody’s of “A3”.

  • LIBOR Rate Adjustment Date With respect to each Distribution Date, the second LIBOR Business Day immediately preceding the commencement of the related Interest Accrual Period.

  • Weighted Average Adjusted Net Mortgage Rate For any Distribution Date and Loan Group, the average of the Adjusted Net Mortgage Rate of each Mortgage Loan in that Loan Group, weighted on the basis of its Stated Principal Balance as of the Due Date in the prior month (after giving effect to Principal Prepayments in the Prepayment Period related to such prior Due Date).

  • Recalculation Date means the Valuation Date that gives rise to the dispute under Paragraph 4; provided, however, that if a subsequent Valuation Date occurs under Paragraph 2 prior to the resolution of the dispute, then the “Recalculation Date” means the most recent Valuation Date under Paragraph 2.

  • Rate Adjustment Date With respect to each ARM Loan, the date on which the Note Rate adjusts.

  • Monthly Settlement Date means the 25th day of each calendar month (or if such day is not a Business Day, the next occurring Business Day).

  • Liquidity Provider Ratings Event means the Liquidity Provider shall fail to maintain at any time short-term debt ratings in one of the two highest rating categories from the Requisite NRSROs.

  • Event Date shall have the meaning set forth in Section 2(d).

  • Make-Whole Fundamental Change Conversion Period has the following meaning:

  • Make-Whole Fundamental Change Period shall have the meaning specified in Section 14.03(a).

  • National Cost of Funds Index The National Monthly Median Cost of Funds Ratio to SAIF-Insured Institutions published by the Office of Thrift Supervision.