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Annual Rating Sample Clauses

Annual RatingThe Borrower shall, commencing in 2022, no earlier than June 1 and no later than the last Business Day of June of each year during the term of the TIFIA Loan, provide to the TIFIA Lender, at no cost to the TIFIA Lender, a public rating letter by a Nationally Recognized Statistical Rating Organization on the TIFIA Bond and the existing ratings on any other outstanding Bonds; provided, however, that (i) the delivery of such rating letter shall not be required hereunder if the Borrower, in connection with the issuance of any Future Bonds in accordance with Section 16(b) (Issuance of Future Bonds), has previously provided to the TIFIA Lender a public rating letter issued by a Nationally Recognized Statistical Rating Organization covering the TIFIA Bond and any other Bonds then outstanding that is dated no earlier than the preceding December 1 and (ii) a rating report is not required to be included along with such annual rating letter as long as the Borrower provides to the TIFIA Lender, at no cost to the XXXXX Xxxxxx,‌ a rating report with a rating letter on the TIFIA Bond and any other outstanding Bonds (A) upon the issuance of any Future Bonds, (B) at any time the rating on the TIFIA Bond or any other outstanding Bonds is changed, and (C) at least once every five (5) years.
Annual RatingThe Borrower shall, [commencing in 20[__]], no later than the last Business Day of June of each year during the term of the TIFIA Bond, at no cost to the TIFIA Lender, provide to the TIFIA Lender a public rating on the Senior Obligations and on the TIFIA Bond by a Nationally Recognized Rating Agency, together with the rating report or letter delivered by such Nationally Recognized Rating Agency in connection with each such rating, in each case prepared no earlier than June 1 of such year.
Annual RatingThe Borrower shall, commencing 2in021, no later than the last Business Day of June of each year during the term of the LToIFaInA, at no cost to the TIFIA Lender, provide to the TIFIA Lender a public rating on the TIFLIAoan by a Nationally Recognized Rating Agency, together with the rating report or letter delivered by such Nationally Recognized Rating Agency in connection weitahchsuch rating, in each case preparedeanrolier than June 1 of such year. 8 Note to Borrower: If the law ishcanged or another change impacts the availability of LTF and/or STA funthdes to Borrower, the TIFIA Lender will want to know how the Borrower intends to address such change, including any alternative funding sources that will be utilized.
Annual RatingThe 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.
Annual RatingThe Borrower shall, commencing in 2021, no later than the last Business Day of June of each year during the term of the TIFIA Loan, at no cost to the TIFIA Lender, provide to the TIFIA Lender a public rating on the TIFIA Loan by a Nationally Recognized Rating Agency, together with the rating report or letter delivered by such Nationally Recognized Rating Agency in connection with each such rating, in each case prepared no earlier than June 1 of such year. 8 Note to Borrower: If the law is changed or another change impacts the availability of LTF and/or STA funds to the Borrower, the TIFIA Lender will want to know how the Borrower intends to address such change, including any alternative funding sources that will be utilized.
Annual RatingEmployees shall receive an annual performance rating for the performance appraisal period. Performance ratings are issued in writing to the employees within 30 days following the end of the rating period.
Annual Rating. ‌ The Issuer will maintain a rating of the Notes from any one of S&P, Moody’s or DBRS, provided that, no specific credit rating in respect of the Notes shall be required to be obtained or maintained by the Issuer.

Related to Annual Rating

  • Industry Ratings The City will only accept coverage from an insurance carrier who offers proof that it: a. Is authorized to do business in the State of Kansas; b. Carries a Best's policyholder rating of A- or better; and c. Carries at least a Class VIII financial rating; or d. Is a company mutually agreed upon by the City and Consulting Engineer/Architect.

  • Credit Rating With respect to the Competitive Supplier or Competitive Supplier’s Guarantor, its senior unsecured, unsubordinated long-term debt rating, not supported by third party credit enhancement, and if such debt is no longer rated, then the corporate or long-term issuer rating of Competitive Supplier or Competitive Supplier’s Guarantor.