Effective Date Rating Event definition

Effective Date Rating Event means either:

Effective Date Rating Event means: (a) the Effective Date Requirements are not satisfied and Rating Agency Confirmation from Fitch has not been received in respect of such failure or (b) the Effective Date Rating Agency Condition is not satisfied and following a request therefor from the Investment Manager after the Effective Date, Rating Agency Confirmation from Fitch is not received; provided that any downgrade or withdrawal of any of the Initial Ratings of the Notes which is not directly related to a request for confirmation thereof or which occurs after confirmation thereof by Fitch shall not constitute an Effective Date Rating Event.

Effective Date Rating Event means both:

Effective Date Rating Event means either (a) the failure of either of the Rating Agencies to provide Rating Agency Confirmation in connection with the Effective Date upon request therefor by the Servicer, acting on behalf of the Issuer, following the Effective Date pursuant to the terms of the Servicing Agreement or (b) the Effective Date Determination Requirements are not satisfied on the Effective Date; provided that no Effective Date Rating Event shall occur if each Rating Agency has provided Rating Agency Confirmation in accordance with clause (a).

Effective Date Rating Event means either (a) (i) the Initial Ratings of the Rated Notes or the Combination Notes are downgraded, suspended or withdrawn by either of the Rating Agencies

Effective Date Rating Event means both (a) (i) the Initial Ratings are downgraded or withdrawn by the Rating Agencies or (ii) either or both of the Rating Agencies notifies the Issuer or the Collateral Manager on behalf of the Issuer that such Rating Agency intends to downgrade or withdraw its Initial Ratings, in each case, upon request for confirmation thereof to the Rating Agencies by the Collateral Manager, acting on behalf of the Issuer, within 30 days following the Effective Date pursuant to the terms of the Collateral Management Agreement and (b) the Effective Date Rating Requirements are not satisfied on or following the Effective Date, provided that, if at any time after the occurrence of an Effective Date Rating Event, the Initial Ratings which have been downgraded in relation to an Effective Date Rating Event have been reinstated, any such further downgrade shall not constitute an Effective Date Rating Event.

Effective Date Rating Event means either (a) (i) the Initial Ratings of the Rated Notes or Combination Notes are downgraded or withdrawn by the Rating Agencies or (ii) either of the Rating Agencies notifies the Issuer or the Investment Manager on behalf of the Issuer that such Rating Agency intends to downgrade or withdraw its Initial Ratings of the Rated Notes or Combination Notes, in each case, upon request for

Effective Date Rating Event means: (a) (i) the Effective Date Requirements are not satisfied and Rating Agency Confirmation has not been received in respect of such failure; and (ii) the Investment Manager does not present a Rating Confirmation Plan to the Rating Agencies or Rating Agency Confirmation is not received in respect of such Rating Confirmation Plan; or (b) the Effective Date Rating Agency Condition is not satisfied and following a request therefor from the Investment Manager after the Effective Date, Rating Agency Confirmation from the Rating Agencies is not received; provided that any downgrade or withdrawal of any of the Initial Ratings of the Notes which is not directly related to a request for confirmation thereof or which occurs after confirmation thereof by the Rating Agencies shall not constitute an Effective Date Rating Event.

Effective Date Rating Event means the failure to satisfy the Effective Date Requirement on the Effective Date, and, as a result of such failure, (a) the initial ratings of the Senior Notes are not confirmed in writing by