Downgraded Party definition

Downgraded Party is amended by changing “(i)” to “(ii).”
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Downgraded Party shall have the meaning attributed to it in Section VII(b).
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Downgraded Party. (as defined in Section 13(g)(ii)) and Posted Collateral shall be maintained in accordance with Sections 13(g)(ii) and 13(h)(iii).
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Examples of Downgraded Party in a sentence

  • Where a Member has elected to participate in the Plan in a given Plan Year, the Member may contribute, by payroll deduction twice monthly, any percentage of his Earnings in increments of .5%, subject to a minimum contribution percentage equal to 1% and a maximum contribution percentage equal to 2.5% ("Required Contributions").

  • The Qualified Institution shall serve as Custodian with respect to the Posted Collateral in the Collateral Account, and shall hold such Posted Collateral in accordance with the terms of this Credit Support Annex and for the security interest of the Downgraded Party and, subject to such security interest, for the ownership of the other PartyPledgor.

  • The Qualified Institution shall serve as Custodian with respect to the Posted Collateral in the Collateral Account, and shall hold such Posted Collateral in accordance with the terms of the Credit Support Annex and for the security interest of the Downgraded Party and, subject to such security interest, for the ownership of the Pledgor.

  • The Qualified Institution shall serve as Custodian with respect to the Posted Collateral in the Collateral Account, and shall hold such Posted Collateral in accordance with the terms of this Annex and for the security interest of the Downgraded Party and, subject to such security interest, for the ownership of the non-Downgraded Party.

  • The Qualified Institution shall serve as Custodian with respect to the Performance Assurance in the Collateral Account, and shall hold such Performance Assurance in accordance with the terms of this Annex and for the security interest of the Downgraded Party and, subject to such security interest, for the ownership of the non-Downgraded Party.


More Definitions of Downgraded Party

Downgraded Party is amended by replacing “6(a)(i) with “6(a)(ii).”
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Related to Downgraded Party

  • PFIC means a passive foreign investment company as defined in the Code.

  • Disregarded Entity means a single member limited liability company, a qualifying subchapter S subsidiary, or another entity if the company, subsidiary, or entity is a disregarded entity for federal income tax purposes.

  • publicly traded company means any company whose principal class of shares is listed on a recognised stock exchange provided its listed shares can be readily purchased or sold by the public. Shares can be purchased or sold “by the public” if the purchase or sale of shares is not implicitly or explicitly restricted to a limited group of investors;

  • Publicly traded corporation means any Person other than an individual that is organized under the laws of and for which its principal place of business is located in one of the states or territories of the United States or District of Columbia or another country that authorizes the sale of marijuana that:

  • Portable tank means a storage tank along with its piping and wiring that is not stationary or affixed, including a tank that is on skids.

  • Is regarded as having an impairment means has a physical or mental impairment that does not substantially limit one or more major life activities but that is treated by a recipient as constituting such a limitation; or

  • Agreement combined tax rate means the sum of the tax rates:

  • Downgrade means the removal of a person's privilege to operate a commercial motor vehicle, as

  • Intended parent means an individual who entered into a gestational agreement providing that the individual will be the parent of a child born to a woman by means of assisted reproduction, including an individual who has a genetic relationship with the child.

  • Downgrade Event means, unless otherwise specified on the Cover Sheet, for a Party means that Party’s Credit Rating falls below BBB- from S&P or Baa3 from Moody’s or becomes no longer rated by either S&P or Moody’s.