▇▇▇▇▇’▇ First Rating Trigger Collateral. The following shall constitute an Additional Termination Event in which Party A is the sole Affected Party: Party A has failed to comply with or perform any obligation to be complied with or performed by Party A in accordance with the Credit Support Annex from time to time entered into between Party A and Party B in relation to this Agreement and either (x) the ▇▇▇▇▇’▇ Second Rating Trigger Requirements do not apply or (y) less than 30 Local Business Days have elapsed since the last time the ▇▇▇▇▇’▇ Second Rating Trigger Requirements did not apply.
Appears in 3 contracts
Sources: Isda Master Agreement (Nissan Auto Receivables Corp Ii), Master Agreement (Fifth Third Holdings Funding, LLC), Isda Master Agreement (Nissan Auto Receivables 2008-C Owner Trust)
▇▇▇▇▇’▇ First Rating Trigger Collateral. The following shall constitute an Additional Termination Event in which Party A is the sole Affected Party: Party A has failed to comply with or perform any obligation to be complied with or performed by Party A in accordance with the Credit Support Annex from time to time entered into between Party A and Party B in relation to this Agreement and either (x) the ▇▇▇▇▇’▇ Second Rating Trigger Requirements do not apply or (y) less than 30 Local Business Days have elapsed since the last time the ▇▇▇▇▇’▇ Second Rating Trigger Requirements did not apply.
Appears in 2 contracts
Sources: Isda Master Agreement (Fifth Third Holdings Funding, LLC), Isda Master Agreement (Hyundai Abs Funding Corp)