Common use of Rating of the Notes Clause in Contracts

Rating of the Notes. Xxxxx’x and Standard & Poor’s, respectively, shall have assigned ratings of (i) ”Prime-1” and “A-1+” to the Class A-1 Notes, (ii) ”Aaa” and “AAA” to the Class A-2 Notes, the Class A-3 Notes and the Class A-4 Notes, (iii) ”A2” and “A” to the Class B Notes and (iv) “Baa3” and “BBB” to the Class C Notes.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Carmax Auto Owner Trust 2005-3), Receivables Purchase Agreement (Carmax Auto Funding LLC)

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Rating of the Notes. Xxxxx’x and Standard & Poor’s, respectively, shall have assigned ratings of (i) Prime-1” and “A-1+” to the Class A-1 Notes, (ii) Aaa” and “AAA” to the Class A-2 Notes, the Class A-3 Notes and the Class A-4 Notes, (iii) A2” and “A” to the Class B Notes and (iv) “Baa3” and “BBB” to the Class C Notes.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Carmax Auto Owner Trust 2007-1), Receivables Purchase Agreement (CarMax Auto Owner Trust 2007-2)

Rating of the Notes. Xxxxx’x and Standard & Poor’s, respectively, shall have assigned ratings of (i) Prime-1” and “A-1+” to the Class A-1 Notes, (ii) Aaa” and “AAA” to the Class A-2 Notes, the Class A-3 Notes and the Class A-4 Notes, (iii) ”A2“Aa1” and “AA” to the Class B Notes, (iv) “A1” and “A” to the Class B C Notes and (ivv) “Baa3” and “BBB” to the Class C D Notes.

Appears in 1 contract

Samples: Receivables Purchase Agreement (CarMax Auto Owner Trust 2004-1)

Rating of the Notes. Xxxxx’x Xxxxx'x and Standard & Poor’s's, respectively, shall have assigned ratings of (i) "Prime-1" and "A-1+" to the Class A-1 Notes, (ii) "Aaa" and "AAA" to the Class A-2 Notes, the Class A-3 Notes and the Class A-4 Notes, (iii) ”A2” "Aa1" and “A” "AA" to the Class B Notes and Notes, (iv) “Baa3” "A1" and “BBB” "A" to the Class C Notes and (v) "Baa3" and "BBB" to the Class D Notes.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Carmax Auto Funding LLC)

Rating of the Notes. Xxxxx’x Fitch and Standard & Poor’s, respectively, shall have assigned ratings of (i) ”Prime-1“F-1+” and “A-1+” to the Class A-1 Notes, (ii) ”Aaa“AAA” and “AAA” to the Class A-2 Notes, the Class A-3 Notes and the Class A-4 Notes, (iii) ”A2“A+” and “AA+” to the Class B Notes and (iv) “Baa3BBB+” and “BBBBBB+” to the Class C Notes.

Appears in 1 contract

Samples: Receivables Purchase Agreement (CarMax Auto Owner Trust 2009-2)

Rating of the Notes. Xxxxx’x and Standard & Poor’s, respectively, shall have assigned ratings of (i) Prime-1” and “A-1+” to the Class A-1 Notes, (ii) Aaa” and “AAA” to the Class A-2 A-2a Notes, the Class A-3 A-2b Notes, the Class A-3a Notes, the Class A-3b Notes and the Class A-4 Notes, (iii) A2” and “A” to the Class B Notes and (iv) “Baa3” and “BBB” to the Class C Notes.

Appears in 1 contract

Samples: Receivables Purchase Agreement (CarMax Auto Owner Trust 2007-3)

Rating of the Notes. Xxxxx’x and Standard & Poor’s, respectively, shall have assigned ratings of (i) ”Prime-1” and “A-1+” to the Class A-1 Notes, (ii) ”Aaa” and “AAA” to the Class A-2 Notes, the Class A-3 Notes and the Class A-4 Notes, (iii) ”A2” and “A” to the Class B Notes and (iv) “Baa3Baa2” and “BBB” to the Class C Notes.

Appears in 1 contract

Samples: Receivables Purchase Agreement (CarMax Auto Owner Trust 2006-2)

Rating of the Notes. Xxxxx’x (i) Moody's and Standard & Poor’s's, respectively, shall have assigned ratings assignxx xxxxngs of (iA) "Prime-1" and "A-1+" to the Class A-1 Notes, (iiB) "Aaa" and "AAA" to the Class A-2 Notes, the Class A-3 Notes, the Class A-4 Notes and the Class A-4 Notes, A-5 Notes and (iiiC) ”A2” "Baa3" and “A” "BBB" to the Class B Notes and (iv) “Baa3” and “BBB” to the Class C Notes.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Pooled Auto Securities Shelf LLC)

Rating of the Notes. Xxxxx’x Fitch and Standard & Poor’s, respectively, shall have assigned ratings of (i) ”Prime-1F1+” and “A-1+” to the Class A-1 Notes, (ii) ”Aaa“AAA” and “AAA” to the Class A-2 Notes, the Class A-3 Notes and the Class A-4 Notes, (iii) ”A2“A” and “A” to the Class B Notes and (iv) “Baa3BBB+” and “BBBBBB-” to the Class C Notes.

Appears in 1 contract

Samples: Receivables Purchase Agreement (CarMax Auto Owner Trust 2010-1)

Rating of the Notes. Xxxxx’x and Standard & Poor’s, respectively, shall have assigned ratings of (i) Prime-1” and “A-1+” to the Class A-1 Notes, Notes and (ii) Aaa” and “AAA” to the Class A-2 Notes, the Class A-3 Notes, the Class A-4a Notes and the Class A-4 Notes, (iii) ”A2” and “A” to the Class B Notes and (iv) “Baa3” and “BBB” to the Class C A-4b Notes.

Appears in 1 contract

Samples: Receivables Purchase Agreement (CarMax Auto Owner Trust 2008-1)

Rating of the Notes. Fitch, Xxxxx’x and Standard & Poor’s, respectively, shall have assigned ratings of (i) “F-1+, “Prime-1” and “A-1+” to the Class A-1 Notes, Notes and (ii) “AAA, “Aaa” and “AAA” to the Class A-2 Notes, the Class A-3 Notes and the Class A-4 Notes, (iii) ”A2” and “A” to the Class B Notes and (iv) “Baa3” and “BBB” to the Class C Notes.

Appears in 1 contract

Samples: Receivables Purchase Agreement (CarMax Auto Owner Trust 2009-1)

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Rating of the Notes. Xxxxx’x and Standard & Poor’s, respectively, shall have assigned ratings of (i) Prime-1” and “A-1+” to the Class A-1 Notes, Notes and (ii) Aaa” and “AAA” to the Class A-2 A-2a Notes, the Class A-3 A-2b Notes, the Class A-3a Notes, the Class A-3b Notes, the Class A-4a Notes and the Class A-4 Notes, (iii) ”A2” and “A” to the Class B Notes and (iv) “Baa3” and “BBB” to the Class C A-4b Notes.

Appears in 1 contract

Samples: Receivables Purchase Agreement (CarMax Auto Owner Trust 2008-2)

Rating of the Notes. Xxxxx’x Fitch and Standard & Poor’s, respectively, shall have assigned ratings of (i) ”Prime-1“F1+” and “A-1+” to the Class A-1 Notes, (ii) ”Aaa“AAA” and “AAA” to the Class A-2 Notes, the Class A-3 Notes and the Class A-4 Notes, (iii) ”A2“A” and “A” to the Class B Notes and (iv) “Baa3BBB+” and “BBB” to the Class C Notes.

Appears in 1 contract

Samples: Receivables Purchase Agreement (CarMax Auto Owner Trust 2010-2)

Rating of the Notes. Xxxxx’x and Standard & Poor’s, respectively, shall have assigned ratings of (i) ”Prime-1” and “A-1+” to the Class A-1 Notes, (ii) ”Aaa” and “AAA” to the Class A-2 Notes, the Class A-3 Notes and the Class A-4 Notes, Notes and (iii) ”A2” and “A” to the Class B Notes and (iv) “Baa3” and Notes. Standard & Poor’s shall have assigned a rating of “BBB” to the Class C Notes.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Carmax Auto Owner Trust 2005-1)

Rating of the Notes. Xxxxx’x and Standard & Poor’s, respectively, shall have assigned ratings of (i) ”Prime-1“P-1” and “A-1+” to the Class A-1 Notes, Notes and (ii) Aaa” and “AAA” to the Class A-2 Notes, the Class A-3 Notes and the Class A-4 Notes, (iii) ”A2” and “A” to the Class B Notes and (iv) “Baa3” and “BBB” to the Class C Notes.

Appears in 1 contract

Samples: Purchase Agreement (United Pan Am Financial Corp)

Rating of the Notes. Xxxxx’x Mxxxx'x and Standard & Poor’s's, respectively, shall have assigned ratings of (i) "Prime-1" and "A-1+" to the Class A-1 Notes, (ii) "Aaa" and "AAA" to the Class A-2 Notes, the Class A-3 Notes and the Class A-4 Notes, (iii) ”A2” "Aa3" and "A" to the Class B Notes and (iv) "Baa3" and "BBB" to the Class C Notes.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Carmax Auto Funding LLC)

Rating of the Notes. Xxxxx’x and Standard & Poor’s, respectively, shall have assigned ratings of (i) Prime-1” and “A-1+” to the Class A-1 Notes, (ii) Aaa” and “AAA” to the Class A-2 Notes, the Class A-3 Notes and the Class A-4 Notes, (iii) “Aa2” and “AA” to the Class B Notes, (iv) “A2” and “A” to the Class B C Notes and (ivv) “Baa3” and “BBB” to the Class C D Notes.

Appears in 1 contract

Samples: Receivables Purchase Agreement (CarMax Auto Owner Trust 2004-2)

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