Common use of Prepayment Amount Clause in Contracts

Prepayment Amount. For the purpose of this Part 5.2(q) the Prepayment Amount will be an amount equal to the greater of the following: (1) zero; (2) CR (where S&P is a Current Rating Authority in relation to the Transaction); and (3) an amount acceptable to Moody's (where ▇▇▇▇▇'▇ is a Current Rating Authority in relation to the Transaction) and Fitch (where Fitch is a Current Rating Authority in relation to the Transaction) and sufficient to maintain the credit ratings assigned to the corresponding Registered Stock or Specified Investor Securities by ▇▇▇▇▇'▇ and Fitch, as applicable, immediately prior to the review of Party A's credit rating. Where: CR = MM + V MM means the aggregate of the ▇▇▇▇-to-market value (whether positive or negative) of the Transaction determined in accordance with Part 5.2(q)(iv) no earlier than 3 Banking Days prior to the date that the Prepayment Amount is lodged.