Required Ratings. The Offered Certificates shall have received Required Ratings of at least [ ] from [ ].
Required Ratings. The Offered Certificates shall have received at least the Required Ratings from Fitch, Inc. (“Fitch”) and Standard & Poor’s, a division of The XxXxxx-Xxxx Companies, Inc. (“S&P”) set forth in Section 2(a) above.
Required Ratings. Any Managing Agent or any Financial Institution (each such Person, a “Requesting Party”) shall have the right at any time to request that public ratings of the facility evidenced by this Agreement of at least A-/A3 (the “Required Ratings”) be obtained from two credit rating agencies acceptable to such Requesting Party. Each of the Seller and the Servicer agree that they shall cooperate with such Requesting Party’s efforts to obtain the Required Ratings, and shall provide such Requesting Party, for distribution to the applicable credit rating agencies, any information reasonably requested by such credit rating agencies for purposes of providing the Required Ratings. Any such request (a “Ratings Request”) shall be in writing, and if the Required Ratings are not obtained within 60 days following the date of such Ratings Request (the “Ratings Request Due Date”) (unless the failure to obtain the Required Ratings is solely the result of such Requesting Party’s failure to provide the credit rating agencies with sufficient information to permit the credit rating agencies to perform their analysis, and is not the result of the Seller or the Servicer’s failure to cooperate or provide sufficient information to such Requesting Party), (i) upon written notice by such Requesting Party to the Seller within 90 days after the Ratings Request Due Date, the Amortization Date shall occur, and (ii) outstanding Capital shall thereafter bear interest at a rate per annum equal to 2.00% above the Alternate Base Rate. Such Requesting Party shall pay the initial fees payable to the credit rating agencies for providing the Required Ratings.
Required Ratings. The Offered Certificates shall have received at least the Required Ratings from Fitch, Inc. (“Fitch”) set forth in Section 2(a) above.
Required Ratings. The Offered Securities shall have received Required Ratings of at least [ ] from [ ].
Required Ratings. The Class B-1, Class B-2 and Class B-3 Certificates shall have received Required Ratings of at least "AA," "A" and "BBB," respectively, by Fitch Ratings ("Fitch").
Required Ratings. The Class B-1, Class B-2 and Class B-3 Certificates shall have received Required Ratings of at least "AA," "A" and "BBB" by Standard & Poor's Rating Services, a division of The McGraw-Hill Companies, Inc. ("S&P").
Required Ratings. The Agent shall have the right at any time to request that a public rating of the Facility of at least “A” or its equivalent (the “Required Rating”) be obtained from one credit rating agency acceptable to the Agent . Each of the Sellers and the Servicer agree that they shall cooperate with the Agent’s efforts to obtain the Required Rating, and shall provide the Agent, for distribution to the applicable credit rating agency, any information requested by such credit rating agency for purposes of providing the Required Rating. Any such request (a “Ratings Request”) shall be in writing, and if the Required Rating is not obtained within 60 days following the date of such Ratings Request (unless the failure to obtain the Required Rating is solely the result of the Agent’s failure to provide the credit rating agency with sufficient information to permit the credit rating agency to perform its analysis, and is not the result of the Sellers’ or the Servicer’s failure to cooperate or provide sufficient information to the Agent), (i) upon written notice by the Agent to the Sellers, which notice shall be given no less than 60 days following such failure to obtain the Required Rating, the Amortization Date shall occur, and (ii) outstanding Capital shall thereafter incur the Default Fee. The Purchasers shall pay the initial fees payable to the credit rating agency for providing the Required Rating, and the Sellers shall pay all ongoing fees payable to the credit rating agency for its continued monitoring of the Required Rating.
Required Ratings. The Offered Securities, other ---------------- than the Class M-1 Notes, the Class M-2 Notes and the Class B-1 Certificates, shall have received Required Ratings of at least "AAA" by each of Standard & Poor's Rating Services, a division of The McGraw-Hill Companies, Inc. ("S&P") and Fitch Investors Service, L.X. ("Xxxxh" and, together with S&P, the "Rating Agencies"). The Class M-1 Notes, the Class M-2 Notes and the Class B-1 Certificates shall have received Required Ratings of at least "AA," "A" and "BBB," respectively, from each of the Rating Agencies.
Required Ratings. The Offered Certificates, other than the Class A4 Certificates, shall have received Required Ratings of "AAA" from each of Fitch IBCA, Inc. ("Fitch") and Standard & Poor's Rating Services, a division of The XxXxxx-Xxxx Companies, Inc. ("S&P"), respectively. The Class A4 Certificates shall have received Required Ratings of "AAA" from Fitch and "AAAr" from S&P.
