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"type": "clause", "offset": [641, 656]}], "samples": [{"hash": "97NdquwQAYG", "uri": "/contracts/97NdquwQAYG#ratings-trigger", "label": "Term Loan Agreement (Otter Tail Corp)", "score": 21.0, "published": true}], "size": 1, "snippet": "means any provision in any document applicable to any Indebtedness of the Borrower or any Subsidiary stating that if the Borrower or any Subsidiary shall not maintain a minimum debt rating by S&P, \u2587\u2587\u2587\u2587\u2587\u2019\u2587 or any other ratings agency: (a) the Borrower or such Subsidiary shall be deemed not to have complied with such document, (b) a default or event of default or other acceleration event shall be deemed to have occurred under such document, or (c) Indebtedness governed by such document shall be prepaid or the holder of such Indebtedness shall have the option to require such prepayment (whether immediately or with the giving of notice, passage of time or both).", "hash": "32395e4d52f0dc97c6cb322e8df7cda7", "id": 10}], 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material amendment and shall be subject to confirmation of the satisfaction of the Rating Agency Condition from each affected Rating Agency.", "For certainty, any amendment to (i) a <strong>Ratings Trigger</strong> provided for in this Agreement that lowers the ratings specified therein, or (ii) the consequences of breaching a <strong>Ratings Trigger</strong> provided for in this Agreement that makes such consequences less onerous, shall be deemed to be a material amendment.", "Following the occurrence of <strong>Ratings Trigger</strong> contemplated by Section 3.5.2(d) of the CMHC Guide, obtain a schedule from the registered issuer of the Reserve Fund required by the <strong>Ratings Trigger</strong>, and perform recalculation procedures on the schedule.", "The Cover Pool Monitor shall obtain from the registered issuer the ratings, if any, assigned to the registered issuer by each Rating Agency and relevant to the <strong>Ratings Trigger</strong> contemplated by Section 3.5.2(d) of the CMHC Guide.", "The Cover Pool Monitor shall obtain from the registered issuer the ratings, if any, assigned to the registered issuer by each Rating Agency and relevant to the <strong>Ratings Trigger</strong> contemplated by Section 3.5.2(e) of the CMHC Guide.", "Following the occurrence of a <strong>Ratings Trigger</strong> contemplated by Section 3.5.2(e) of the CMHC Guide, if the registered issuer has issued one or more series of hard bullet covered bonds, obtain a schedule from the registered issuer computing the covered bond collateral required by the <strong>Ratings Trigger</strong>, and perform recalculation procedures on the schedule.", "For certainty, any amendment to (a) a <strong>Ratings Trigger</strong> provided for in this Agreement that lowers the ratings specified therein, or (b) the consequences of breaching a <strong>Ratings Trigger</strong> provided for in this Agreement that makes such consequences less onerous, shall, with respect to each affected Rating Agency only, be deemed to be a material amendment and shall be subject to Rating Agency Confirmation from each affected Rating Agency.", "Additionally, enquire whether the registered issuer&#x27;s covered bond collateral complies with the <strong>Ratings Trigger</strong>, and report findings/responses.", "Additionally, the Cover Pool Monitor shall enquire whether the registered issuer&#x27;s covered bond collateral complies with the <strong>Ratings Trigger</strong>, and report findings/responses.", "For certainty, any amendment to (i) a <strong>Ratings Trigger</strong> provided for in this Agreement that lowers the ratings specified therein, or (ii) the consequences of breaching a <strong>Ratings Trigger</strong> provided for in this Agreement that makes such consequences less onerous, shall, with respect to each affected Rating Agency only, be deemed to be a material amendment and shall be subject to Rating Agency Confirmation from each affected Rating Agency."], "related": 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