Examples of Nationally Recognized Rating Agency in a sentence
For any time during the life of the Loan that a Credit Rating has been assigned to the Privately-Owned Water System by a Nationally Recognized Rating Agency of less than A- or A3, the annual Risk Premium will be imposed by the I-Bank; provided, however, such amount shall be subject to the limitations imposed by the Internal Revenue Code as such limitations shall be interpreted and applied by the I-Bank following consultation with counsel.
All public ratings must be currently under surveillance by the Nationally Recognized Rating Agency that issued such public rating.
The Borrower shall, commencing in 2012, no later than the last Business Day of December of each year over the term of the TIFIA Loan, at no cost to the TIFIA Lender, provide to the TIFIA Lender a rating on any Senior Obligations and the TIFIA Loan by a Nationally Recognized Rating Agency.
Notwithstanding the foregoing, the transfer restrictions of this Section 2.11 as to a series of Bonds shall no longer apply upon the Borrower’s, the Issuer’s and the Trustee’s receipt of evidence of a current rating of the related series of Bonds of “A” or higher by a Nationally Recognized Rating Agency.
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