Collateral Event definition

Collateral Event means that no Relevant Entity has credit ratings at least equal to the Approved Ratings Threshold.

Collateral Event means that the unsecured and unsubordinated debt, deposit or letter of credit obligations of Party A carry an assigned rating by S&P that is below the Hedge Counterparty Collateral Threshold Rating. The "Credit Support Commencement Date" is in connection with a Collateral Rating Downgrade Event, the first Business Day following the 30-day period after the occurrence of the Collateral Rating Downgrade Event.

Collateral Event means the occurrence of any of the following events which are specified to be applicable in the Issue Terms:

Examples of Collateral Event in a sentence

• Marriott has claimed that the current financial condition of Sunrise has caused a Collateral Event to occur under Section 8(f) of the Reimbursement Agreement.

• The Marriott Parties hereby agree that, notwithstanding anything to the contrary set forth in the Reimbursement Agreement, commencing January 1, 2014, no Collateral Event shall be deemed to have occurred with respect to the Continuing Leases, the Continuing Lease Guaranties or the Lifecare Agreements so long as, and at any time that, the Letter of Credit is in effect or Marriott is in possession of L/C Proceeds, in each case sufficient to satisfy the Secured Obligations in full.

• In addition, the Trust will not issue entitlement orders, redeem or otherwise take any action with respect to the Collateral or Collateral Account unless a Collateral Event (defined below under Section 5 of this Agreement) has occurred or is continuing.

• So long as a Collateral Event has occurred and is continuing, the Board, in its discretion, may direct the Advisor or Advisor's agent to transfer the collateral in certificated or uncertificated form into the name and account of the Trust or its designee.

• Without limiting the generality of the foregoing, the Trust shall have the right and power following any Collateral Event to receive, endorse and collect all checks and other orders for the payment of money made payable to the Advisor representing any interest payment, dividend, or other distribution payable in respect of or to the Collateral, or any part thereof, and to give full discharge for the same.

More Definitions of Collateral Event

Collateral Event means that neither Party A nor any Eligible Guarantor of Party A under an Eligible Guarantee has credit ratings at least equal to the Xxxxx’x First Trigger Ratings Threshold or the S&P Approved Ratings Threshold (or, in the case of an entity that is not a Financial Institution, credit ratings from S&P at least equal to the credit ratings set forth in clause (ii) of the definition of S&P Required Ratings Threshold).

Collateral Event means the date, if any, upon which each of the following events has occurred (it being understood that the decision whether or not to cause any of the following events to occur shall be within the Borrower’s sole discretion, but that no “Collateral Event” shall have occurred until all of the following are completed or the completion thereof is waived by the Administrative Agent):

Collateral Event means the failure of the Facilities to be rated at least (i) BB- by S&P and (ii) Ba3 by Moody's.

Collateral Event means, with respect to an item of Appraised Collateral, any of the events described below:

Collateral Event means, at any time after a Collateral Release Date when the 1998 Notes remain outstanding, the occurrence of an event which requires recollateralization of the 1998 Notes under the indenture governing the 1998 Notes.

Collateral Event means the occurrence of any one or more of the following events: (i) an event of default, howsoever defined in the terms and conditions of the Securities; (ii) any of the Securities becoming repayable or becoming capable of being declared due and payable prior to its stated date of maturity for whatever reason; (iii) any modification being made to the terms and conditions of the Securities in a form that binds all holders of the Securities, including but not limited to a reduction of interest, principal or premium payable, and/or postponement or other deferral of any scheduled interest, principal or premium payment dates, as determined by the Calculation Agent in its sole and absolute discretion; and/or (iv) the Securities Issuer withholds or is obliged by any law or regulation to withhold any amount of principal or interest such that the Company does not or will not receive the scheduled amount of principal and/or interest in full on any date such amount is due and payable in accordance with the terms and conditions of the Securities;

Collateral Event means if at any time before the Collateral Maturity Date any Collateral becomes repayable for any reason other than a Collateral Call, including (without limitation) in accordance with the provisions of Collateral Condition 10(b) (Events of Default – Subordinated Notes).