Replacement Downgrade Event definition

Replacement Downgrade Event has the meaning set forth in Section 5.3 hereof.
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Replacement Downgrade Event has the meaning set forth in Section 5.3. “Replacement Security” has the meaning set forth in Section 5.3.
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Replacement Downgrade Event shall have the meaning specified in Section 6.2.
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Examples of Replacement Downgrade Event in a sentence

  • If, at any time, the issuer of the Replacement Security fails to possess the minimum applicable requirements set forth in (b) or (c) in the immediately foregoing sentence (such occurrence defined herein as a “Replacement Downgrade Event”), the Party causing such Replacement Security to be issued shall deliver replacement credit support in a form and in the amount that meets the definition of Replacement Security within five (5) Business Days of notice of such Replacement Downgrade Event.

  • If, at any time, the issuer of the Replacement Security fails to possess the minimum applicable requirements set forth in (b) in the immediately foregoing sentence (such occurrence defined herein as a “Replacement Downgrade Event”), the Party causing such Replacement Security to be issued shall deliver replacement credit support in a form and in the amount that meets the definition of Replacement Security within ten (10) Business Days of notice of such Replacement Downgrade Event.