Rating Comfort Letter. a letter issued by each of the applicable Rating Agencies which confirms that the taking of the action referenced to therein will not result in any qualification, withdrawal or downgrading of any existing ratings of Securities created in a Secondary Market Transaction.
Appears in 3 contracts
Samples: Loan Agreement, Loan Agreement (Hines Global REIT, Inc.), Loan Agreement (Behringer Harvard Reit I Inc)
Rating Comfort Letter. a letter issued by each of the applicable Rating Agencies which confirms that the taking of the action referenced to therein will not result in any qualification, withdrawal or downgrading of any existing ratings of Securities created in a Secondary Market Transaction. In the event that no Securities have been created in a Secondary Market Transaction or no Rating Agency exists, notwithstanding anything contained herein or in any other Loan Document, no “Rating Comfort Letter” shall be required.
Appears in 1 contract
Samples: Loan Agreement (American Realty Capital New York City REIT, Inc.)
Rating Comfort Letter. a letter issued by each of the applicable Rating Agencies which confirms that the taking of the action referenced to therein will not result in any qualification, withdrawal or downgrading of any existing ratings of Securities created in a Secondary Market TransactionTransaction in effect immediately prior to a defeasance.
Appears in 1 contract
Rating Comfort Letter. a letter issued by each of the applicable Rating Agencies which confirms that the taking of the action referenced to therein will not result in any qualification, withdrawal or downgrading of any existing ratings of Securities or Mortgage Securities created in a Secondary Market TransactionTransaction of the Loan or the Mortgage Loan.
Appears in 1 contract
Samples: Mezzanine Loan Agreement (Behringer Harvard Opportunity REIT I, Inc.)
