Ratings Letters Sample Clauses

Ratings Letters. The Depositor will have received ratings letters from the Rating Agencies that assign the ratings to the Offered Notes at least as high as the ratings stated in the Terms Annex.

Ratings Letters. At the time of execution of this Agreement, the Company shall have delivered to the Representatives letters from Xxxxx’x Investors Services, Inc., S&P Global Inc. and Fitch Ratings assigning a rating to the Notes of Baa2, BBB and BBB, respectively.

Ratings Letters. At Closing Time, Standard & Poor's ("S&P") and Xxxxx'x Investors Services, Inc. ("Moody's") shall have confirmed by letter that the Shares have been rated AAA and "aaa," respectively, by such agencies.

Ratings Letters. At the time of execution of this Agreement, the Company shall have delivered to the Representatives letters from Standard & Poor’s Financial Services LLC, a subsidiary of The XxXxxx-Xxxx Companies, Inc. and Xxxxx’x Investor Service, Inc. assigning a rating to the Notes of “A / Stable” and “Baa1 / Stable,” respectively.

Ratings Letters. Subsequent to the execution and delivery of this Agreement and prior to Closing Time, there shall not have occurred any downgrading, nor shall any notice have been given of (i) any intended or potential downgrading or (ii) any review or possible change that indicates anything other than a stable outlook, in the rating accorded any securities of or guaranteed by the Fund by any "nationally recognized statistical rating organization," as such term is defined for purposes of Rule 436(g)(2) under the 1933 Act; and prior to Closing Time, S&P and Moody's shall have confirmed by letter that the Shares have been rated AAA and Aaa, respectively, by such agencies.

Ratings Letters. Immediately prior to the Closing Date, the Company shall deliver to the Underwriters, ratings letters confirming: (i) a “A” rating for the Notes from Standard & Poor’s Ratings Services, a division of The XxXxxx-Xxxx Companies, Inc., (ii) a “AA” rating for the Notes from DBRS Limited and (iii) a “A2” rating for the Notes from Xxxxx’x Investors Service, Inc.

Ratings Letters. The Company shall have delivered to the Representative letters from Xxxxx’x Investors Service, Inc. and Standard & Poor’s, a division of The XxXxxx-Xxxx Companies, Inc., assigning a rating to the Notes, to the extent such letters have been received by the Company prior to the Closing Date. If any condition specified in this Section 6 is not satisfied when and as required to be satisfied, this Agreement may be terminated by the Representative by notice to the Company at any time on or prior to the Closing Date, which termination shall be without liability on the part of any party to any other party, except that Section 4, Section 6, Section 8 and Section 9 shall at all times be effective and shall survive such termination.

Ratings Letters. (i) The Borrower shall have received and delivered to the Arranger and the Loan Insurer satisfactory evidence of a public or private rating of the Facilities of at least BBB- (with a stable outlook) by S&P and, if a rating is obtained from Xxxxx’x, at least Baa3 (with a stable outlook) by Xxxxx’x, in each case, before giving effect to the guarantee of the Loan Insurer pursuant to the Loan Insurance Policy on a “stand-alone” basis. (ii) The Loan Insurer shall have received and delivered to the Arranger and the Borrower satisfactory evidence of a public or private rating of the Facilities of at least AAA (with a stable outlook) by S&P and, if a rating is obtained from Xxxxx’x, at least Aaa (with a stable outlook) by Xxxxx’x, in each case, after giving effect to the guarantee of the Loan Insurer pursuant to the Loan Insurance Policy on a “wrapped” basis.

Ratings Letters. The Company shall have delivered to the Representatives letters from Xxxxx’x Investors Services Inc. and S&P Global Ratings, a division of S&P Global Inc., assigning a rating to the Notes, to the extent such letters have been received by the Company prior to the Closing Date.

Ratings Letters. At the Closing Time, the Notes shall be rated at least “A3” by Mxxxx’x Investors Service, Inc. and “BBB+” by Fitch Ratings, Inc. and the Transaction Entities shall have delivered to you evidence reasonably satisfactory to you confirming that the Notes have such ratings.