Common use of Ratings Letters Clause in Contracts

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

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

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

Ratings Letters. The Depositor Depositors 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. The Depositor Depositors 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 specified in the Terms Annex.

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

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

Ratings Letters. The Depositor Depositors 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. 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 specified in the Terms Annex.

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

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. The Depositor Depositor[s] 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 specified in the Terms Annex.