Aa2 and “P-1” for instruments with a term in excess of six months, (ii) with respect to rating assigned by S&P, “A-1” for short-term instruments and “A” for long-term instruments, and (iii) with respect to rating assigned by Fitch (if such investment is rated by Fitch), “F-1+” for short-term instruments and “AAA” for long-term instruments.
Aa2 by Xxxxx’x or the short term obligations of which are rated at least “A-1+” by S&P, “F-1” by Fitch and “P-1” by Xxxxx’x (either (A) or (B), the “Threshold Event Collateral”), and (ii) the Threshold Event Collateral shall be in an amount which, when added to the appraised value of the Mortgaged Property as determined pursuant to the Servicing Agreement, would cause the applicable Control Appraisal Period not to occur. If the requirements of this paragraph are satisfied by the Controlling Noteholder (a “Threshold Event Cure”), no Control Appraisal Period caused by application of an Appraisal Reduction Amount shall be deemed to have occurred. If a letter of credit is furnished as Threshold Event Collateral, the applicable Controlling Noteholder shall be required to renew such letter of credit not later than thirty (30) days prior to expiration thereof or to replace such letter of credit with cash collateral as described in clause (A) or a new letter of credit that satisfies the requirements set forth in clause (B) with an expiration date that is greater than forty-five (45) days from the date of such replacement; provided, however, that, if a letter of credit is not renewed prior to thirty (30) days prior to the expiration date of such letter of credit, the letter of credit shall provide that the Servicer may (and, at the direction of the applicable Controlling Noteholder, shall) draw upon such letter of credit and hold the proceeds thereof as Threshold Event Collateral. If a letter of credit is furnished as Threshold Event Collateral, the applicable Controlling Noteholder shall be required to replace such letter of credit with other Threshold Event Collateral within 30 days if the credit rating of the issuing entity is downgraded below the applicable required rating; provided, however, that, if such Threshold Collateral is not so replaced, the Servicer shall draw upon such letter of credit and hold the proceeds thereof as Threshold Event Collateral. The Threshold Event Cure shall continue until (1) the appraised value of the Mortgaged Property plus the value of the Threshold Event Collateral would not be sufficient to prevent a Control Appraisal Period from occurring; or (2) the occurrence of a Final Recovery Determination. If the appraised value of the Mortgaged Property, upon any redetermination thereof, is sufficient to avoid the occurrence of a Control Appraisal Period without taking into consideration any, or some portion, of Threshold Event Collateral ...
Aa2 or “P-1” for one month instruments, “Aa2” and “P-1” for three month instruments, “Aa3” and “P-1” for six month instruments and “Aa2” and “P-1” for instruments with a term in excess of six months and (b) with respect to rating assigned by S&P, “A-1” for short-term instruments and “A” for long-term instruments.
Examples of Aa2 in a sentence
All insurance shall be written with financially responsible companies authorized to do business in the District of Columbia or in the jurisdiction where the work is to be performed; have either an A.M. Best Company rating of A-VIII or higher, a Standard & Poor's rating of AA or higher, or a Moody's rating of Aa2 or higher.
Principal Life expects the Notes to be rated Aa2 by Moody’s Investors Service, Inc.
Principal Life expects the Funding Agreement to be rated Aa2 by Moody's.
The Programs are (A) expected to be rated Aa2 by Xxxxx'x Investors Service, Inc.
Subsequently in a separate rating action on 24 February 2014 the rating for Guaranteed Public Sector Covered Bonds was reclassified from AAA to Aa2 with “review for downgrade” and the rat- ing for Unguaranteed Public Sector Covered Bonds was reclassified from Aa2 to A3 with “review direction uncertain.” In a further rating action Moody’s altered the rating of bonds with a guarantee provided by the Republic of Austria from “Aaa – outlook negative” to “Aaa – outlook stable”.
More Definitions of Aa2
Aa2 or better in the case of Moody's and references herein to the highest short-term debt rating of a Rating Agency shall mean "A-1" in the case of [Standard & Poor's,] and in the case of any other Rating Agency such references shall mean such rating categories without regard to any plus or minus.
Aa2 by Moody's).
Aa2 by Xxxxx’x or the short-term obligations of which are rated at least “A-1+” by S&P, “F-1” by Fitch and “P-1” by Xxxxx’x and (B) after a Securitization, has long term long unsecured debt obligations and/or short term obligations which meet the applicable rating requirements of the Rating Agencies.
Aa2 or better by Moody’s, “AA-” or better by Standard & Poor’s or such other rating that is acceptable to each Rating Agency, as evidenced by a letter from such Rating Agency to the Issuer or the Indenture Trustee, (ii) a certificate of deposit rating of “P-1” by Moody’s, “A-1” by Standard & Poor’s or (iii) such other rating that is acceptable to each Rating Agency, as evidenced by a letter from such Rating Agency to the Issuer or the Indenture Trustee and (b) whose deposits are insured by the Federal Deposit Insurance Corporation.
Aa2 in the case of long-term unsecured obligations;
Aa2 by Moody’s or the short-term obligations of which are rated at least “A-1+” by S&P, “F-1” by Fitch and “P-1” by Moody’s and (B) after a Securitization, has long term long unsecured debt obligations and/or short term obligations which meet the applicable rating requirements of the Rating Agencies.
Aa2 by Moody's or otherwise will not result in a qualification, reduction or withdrawal by Moody's or Standard & Poor's of its then-applicable rating on any Class of Notes or the Certificates (without giving effect to the guaranty under either Policy of payments owing to Securityholders); if the investments in this paragraph (vii) fall below the specified ratings, the invested monies shall be moved to Eligible Investments on the fifth Business Day preceding the next succeeding Distribution Date; however, no new monies may be invested in the RIC until the RIC once again becomes an Eligible Investment; and