Credit Estimate. With respect to each Collateral Obligation which has received a Credit Estimate from DBRS, the Borrower, on or prior to the 367th day after the date of assignment of such Credit Estimate, shall provide updated information available to it relating to such Collateral Obligation as may reasonably be requested by DBRS, and apply to DBRS for an updated Credit Estimate within such 367 day period. Promptly upon the Borrower’s receipt of any such updated Credit Estimate from DBRS, the Borrower shall deliver such updated Credit Estimate to the Collateral Agent.
Credit Estimate. With respect to any Collateral Obligation with a Credit Estimate, such Credit Estimate has been assigned by Xxxxx’x, S&P, DBRS or Fitch within six months of the Borrowing Date. Thereafter, the Borrower (or the Collateral Manager on the Borrower’s behalf) shall provide updated information available to it relating to such Collateral Obligation as may reasonably be requested by Xxxxx’x, S&P, DBRS Fitch, as applicable, and apply to Xxxxx’x, S&P, DBRS or Fitch, as applicable, for an updated Credit Estimate such that an updated Credit Estimate is assigned not less than every six months after the original assignment. Promptly upon the Borrower’s, the Fund’s or the Collateral Manager’s receipt of any such updated Credit Estimate from Xxxxx’x, S&P, DBRS or Fitch, as applicable, the Borrower (or the Collateral Manager or the Fund on the Borrower’s behalf) shall deliver such updated Credit Estimate to the Collateral Agent.
Credit Estimate. (i) With respect to each Collateral Obligation that is in the process of receiving a rating or Credit Estimate, the rating of such Collateral Obligation shall be determined by the Portfolio Manager in its commercially reasonable discretion for a period of up to ninety (90) days. In no case shall the rating determined by the Portfolio Manager during such period be above “B3” by Moody’s, above “B-” by S&P, or above “B (low)” by DBRS and such rating shall be subject to certification by the Portfolio Manager that it believes such rating or Credit Estimate is expected to be at least the rating so determined; provided, that after the third (3rd) occurrence in any rolling twelve-month period of a rating actually received with respect to a Collateral Obligation being lower than the Portfolio Manager’s certification in accordance with the foregoing, the ratings of all Collateral Obligations which are determined pursuant to the Portfolio Manager’s certification during such twelve-month period shall be deemed to have a Xxxxx’x Rating of “Caa1”, S&P Rating of “CCC+” or DBRS Rating of “CCC (high)” (or, in each case such lower rating as determined by the Portfolio Manager in its commercially reasonable discretion) until such time as a rating or Credit Estimate is actually received (all such Collateral Obligations deemed to have a Xxxxx’x Rating of “Caa1”, S&P Rating of “CCC+”, or DBRS Rating of “CCC (high)” during such time period, “Lower Credit Estimate Collateral Obligations”). Following such ninety (90) day period, the ratings of all Collateral Obligations shall be determined by the Portfolio Manager in its commercially reasonable discretion, but shall be no better than a Xxxxx’x Rating of “Caa1”, S&P Rating of “CCC+” or DBRS Rating of “CCC (high)”.
(ii) With respect to each Collateral Obligation which has received a Credit Estimate from Moody’s, S&P or DBRS, the Borrower (or the Portfolio Manager on the Borrower’s behalf), on or prior to the 367th day after the date of assignment of such Credit Estimate, shall provide updated information available to it relating to such Collateral Obligation as may reasonably be requested by Moody’s, S&P or DBRS, as applicable, and apply to Moody’s, S&P or DBRS, as applicable, for an updated Credit Estimate within such 367 day period. Promptly upon the Borrower’s or the Portfolio Manager’s receipt of any such updated Credit Estimate from Moody’s, S&P or DBRS, as applicable, the Borrower (or the Portfolio Manager on the Borrower’s be...
Credit Estimate. With respect to any Collateral Obligation with a Credit Estimate, such Credit Estimate has been assigned by Moody’s or S&P within six months of the Borrowing Date. Thereafter, the Borrower (or the Collateral Manager on the Borrower’s behalf) shall provide updated information available to it relating to such Collateral Obligation as may reasonably be requested by Moody’s or S&P, as applicable, and apply to Moody’s or S&P, as applicable, for an updated Credit Estimate such that an updated Credit Estimate is assigned not less than every six months after the original assignment. Promptly upon the Borrower’s, the Fund’s or the Collateral Manager’s receipt of any such updated Credit Estimate from Moody’s or S&P, as applicable, the Borrower (or the Collateral Manager or the Fund on the Borrower’s behalf) shall deliver such updated Credit Estimate to the Collateral Agent.
Credit Estimate. For replacement/improvement works Cost of old material to be replaced (Assumed as 50 % cost of new material) + original erection charges (10 % on the total material cost) + Dismantling Charges ( 50% of original erection cost or 5 % of total material cost) Total Value of Old Asset Nett Value ( A – B)
Credit Estimate. What It Means And How We Do It “ dated January 2021 (as the same may be amended or updated from time to time); provided that, any such notification to S&P shall be delivered to xxxxxxxxxxxxxxx@xxxxxxxx.xxx. Within 10 Business Days after the Effective Date, together with each Monthly Report and on each Payment Date, the Issuer shall provide to S&P, via e-mail in accordance with Section 14.3(a), a Microsoft Excel file of the Excel Default Model Input File and, with respect to each Collateral Obligation, the name of each obligor thereof, the CUSIP number thereof (if applicable) and the Priority Category thereof.
Credit Estimate. What It Means And How We Do It?” dated January 2021 and any other available information S&P reasonably requests in order to produce a credit estimate for a particular asset.
