S&P Definitions Clause Samples

The 'S&P Definitions' clause establishes that specific terms used within the agreement are to be interpreted according to the definitions provided by Standard & Poor's (S&P), a recognized financial ratings agency. In practice, this means that any references to credit ratings, financial instruments, or other terminology standardized by S&P will carry the meanings assigned by S&P's published materials. This clause ensures consistency and clarity in interpreting key financial terms, reducing ambiguity and potential disputes over their meaning.
S&P Definitions. For the purposes of this Agreement:
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S&P Definitions. For the purposes of this Agreement: EXECUTION VERSION
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S&P Definitions. For the purposes of this Part 5[(k)]:
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S&P Definitions. For the purposes of this Agreement: (A) an "INITIAL S&P NOTE DOWNGRADE EVENT" will occur where the short-term, unsecured and unsubordinated debt obligations of Party A, or any Credit Support Provider in respect of Party A, cease to be rated at least as high as "A-l+" (or its equivalent) by S & P; and (B) a "SUBSEQUENT S&P NOTE DOWNGRADE EVENT" will occur where the long-term, unsecured and unsubordinated debt obligations of Party A, or any Credit Support Provider in respect of Party A, cease to be rated at least as high as "BBB-" (or its equivalent) by S&P.
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Related to S&P Definitions

  • UCC Definitions Unless otherwise defined herein or the context otherwise requires, terms for which meanings are provided in the UCC are used in this Security Agreement, including its preamble and recitals, with such meanings.

  • 000 DEFINITIONS 6. 100 Maintenance shall be work performed for the repair, renovation, revamp and upkeep of property, machinery and equipment within the limits of the plant property.

  • Specific Definitions The following terms used in this Agreement shall have the following meanings:

  • DPA Definitions The definition of terms used in this DPA is found in Exhibit “C”. In the event of a conflict, definitions used in this DPA shall prevail over terms used in any other writing, including, but not limited to the Service Agreement, Terms of Service, Privacy Policies etc.

  • 1Definitions In addition to the terms defined elsewhere in this Agreement, for all purposes of this Agreement, the following terms have the meanings set forth in this Section 1.1: