Rating Agency Approval. Subject to the provisions of subsection 3.3.1, the parties shall have received the Rating Agency Approval, to the extent failure to obtain the same would result in any material liability to Equitable. If any of the foregoing conditions is not satisfied and, as a result, the Closing does not occur, the Deposit or Letter(s) of Credit shall be returned to Purchaser, this Agreement shall terminate and neither party shall have any further rights or obligations under this Agreement except as otherwise specifically provided herein; provided, however, that if any such condition is not satisfied due to Purchaser's default, Equitable shall have the rights provided for in Section 16.1. 11.
Rating Agency Approval. If there are any Outstanding Series or Classes, or any outstanding transition bonds issued by JCP&L Transition Funding LLC, including the Series 2002-A Transition Bonds issued on June 11, 2002 (the “Series 2002-A Transition Bonds”), written notice from each Rating Agency that such action will not result in a reduction or withdrawal of the then current rating or ratings by such Rating Agency of any such Outstanding Series or Class or outstanding Series 2002-A Transition Bonds.
Rating Agency Approval. Subject to the provisions of subsection 3.3.1, the parties shall have received the Rating Agency Approval. If any of the foregoing conditions is not satisfied and, as a result, the Closing does not occur, the Deposit or Letter(s) of Credit shall be returned to Purchaser, this Agreement shall terminate and neither party shall have any further rights or obligations under the Agreement except as otherwise specifically provided herein; provided, however, that if any such condition is not satisfied due to Equitable's default, Purchaser shall have the rights provided for in Section 16.2. 45 12.
Rating Agency Approval. Sellers shall have received written confirmation from each nationally recognized statistical rating agency the consent of which is required under any of the Securitization Contracts that the assignment of the Securitization Assets will not result in the reduction, qualification or withdrawal of any of credit ratings assigned by such agency to the Master Trust Certificates.
Rating Agency Approval. Borrower acknowledges that Lender may require Borrower to and, if Lender so requires, Borrower shall obtain and deliver to Lender other documentation evidencing that the proposed Partial Defeasance will not (i) cause the then owner of the Note to fail to qualify as a REMIC (a "REMIC Opinion"); and (ii) result in a qualification, downgrade or withdrawal of any credit rating then in effect for any securities or certificates issued by the then owner of the Note in connection with a securitization which includes the Note (a "Rating Agency No-Downgrade Letter");
Rating Agency Approval. To the extent required by the Program Documents, unless otherwise expressly stated in this Agreement, no (a) material amendment, waiver, supplement or other modification of this Agreement or (b) assignment, termination, resignation or removal under this Agreement, shall be effective unless a written statement is obtained from each of the Rating Agencies that the rating of the indebtedness for borrowed money issued or sold by Windmill will not be downgraded or withdrawn or suspended as a result of such amendment, waiver, supplement, modification, assignment, termination, resignation or removal. Windmill shall provide each CP Dealer and each Rating Agency with at least ten (10) Business Days prior notice (or such shorter notice as to which such CP Dealer or Rating Agency may from time to time agree either verbally or in writing) of each amendment, waiver, supplement or other modification to this Agreement and each assignment, termination, resignation or removal under this Agreement and shall provide a copy of the form of any proposed material amendment, waiver, supplement or other modification.
Rating Agency Approval. As of the Closing Date, neither Mxxxx’x Investors Services, Standard & Poor’s nor A.M. Best Company shall have lowered, or stated its intention to Loews, CNAF or CCC or publicly to lower, as applicable, any of the corporate, debt or insurer financial strength ratings of CNAF, CCC or Loews from the ratings published by such agencies as of the date hereof.
Rating Agency Approval. The Rating Agencies that rate the Commercial Paper shall have confirmed the rating of the Commercial Paper, after giving effect to the transactions contemplated hereby.
Rating Agency Approval. Sellers shall have delivered to the Household Bank written confirmation from each nationally recognized statistical rating agency the confirmation of which is required as a "Rating Agency Condition" under any of the Securitization Contracts that the assignment of the Securitization Assets will not result in the reduction, qualification or withdrawal of any of credit ratings assigned by such agency to the Master Trust Certificates and such other approvals as may be required under the Securitization Contracts.
Rating Agency Approval. To the extent required, FFC shall have received the confirmation of the rating agencies issuing ratings in connection with any Securitization of the Loans that the consummation of the Transaction will not result in a downgrade, modification or withdrawal of any of such ratings.
