Acceptable Rating definition

Acceptable Rating means (i) a rating of “Average (Select Servicer List)” for construction loan servicers by Standard and Poor’s Ratings Service, a division of The XxXxxx-Xxxx Companies, Inc., (ii) a rating of “Acceptable” or “Proficient” (or better) for construction loan servicers by Fitch, Inc., or (iii) a rating of “Approved” or “Average” (or better) for construction loan servicers by Xxxxx’x Investors Service.

Acceptable Rating means, at any time, that Party A's short term rating from S&P is not below A-1.

Acceptable Rating means any of the top three rating categories that may be assigned to any security, obligation or entity by the Rating Agencies.

Examples of Acceptable Rating in a sentence

• If any Recognized Credit Rating Agency ceases to be a “nationally recognized statistical rating organization” registered with the SEC or ceases to be in the business of rating securities of the type and nature of the Notes, the Company may replace the rating received from it with a rating from any other Acceptable Rating Agency.

• Each Servicer that does not have an Acceptable Rating, regardless of whether the Servicer is an Affiliate of the Company, shall be subject to the prior written approval of Participant (which approval shall not be unreasonably withheld, delayed or conditioned).

• In addition to the foregoing information, if the SVO or any other regulatory authority having jurisdiction over any holder of any Notes from time to time requires any additional information with respect to the Debt Rating of the Notes, the Company shall use commercially reasonable efforts to procure such information from the Acceptable Rating Agency.

• Each of the holders of the Notes shall have received a copy of (i) a Private Rating Letter issued by an Acceptable Rating Agency setting forth the initial Debt Rating for each Series of the Notes and (ii) the related Private Rating Rationale Report with respect to such Debt Rating.

• From and after the delivery of such Private Rating Letter, the Company shall at all times maintain a Debt Rating for the Notes from an Acceptable Rating Agency.

More Definitions of Acceptable Rating

Acceptable Rating means, as applicable to any Affiliate of an Issuing Bank, a Bank Rating of such Affiliate which is the same or higher than such Issuing Bank.

Acceptable Rating has the meaning set forth in Section 2.9(a).

Acceptable Rating means, in each case with respect to construction loan servicers or special loan servicers of commercial and/or residential mortgage loans (or the applicable ratings category that includes such loans), (a) a rating of “Average (Select Servicer List)” (or better) or other comparable rating by S&P Global Ratings, (b) a rating of Level 3 Servicer Rating (or better) or other comparable rating by Fitch Ratings Inc., (c) a rating of “MOR CS3” (or better) or other comparable rating by DBRS Morningstar, or (d) a rating of “Pass” or other comparable rating by Xxxxx Bond Rating Agency.

Acceptable Rating means a rating of at least Baa2 by Xxxxx’x and, in addition, a rating of at least BBB by Standard & Poor’s. Acquisition — means any transaction, or any series of related transactions, consummated after the Amendment No. 3 Effective Date, by which the Company or any of its Subsidiaries (a) acquires any On-Going Business or all or substantially all of the assets of any Person, whether through purchase of assets, merger or otherwise, (b) directly or indirectly acquires control of at least a majority (in number of votes) of the securities of a corporation that have ordinary voting power for the election of directors or (c) directly or indirectly acquires control of at least a majority of the partner, member or other ownership interests of any Person that is not a corporation. Affiliate — means, at any time, a Person (other than a Subsidiary)

Acceptable Rating means, in each case with respect to commercial mortgage loans (or the applicable ratings category that includes such loans), (i) a rating of “Average (Select Servicer List)” (or better) for special loan servicers by Standard and Poor’s Ratings Service, a division of The XxXxxx-Xxxx Companies, Inc., (ii) a rating of CSS3 (or better) or other comparable rating for special loan servicers by Fitch, Inc., or (iii) a rating of “Approved” or “Average” (or better) for special loan servicers by Xxxxx’x Investors Service.

Acceptable Rating means, with respect to the senior unsecured debt of the Company, a rating of “Baa3” (or the then current equivalent thereof) or better from Moody’s and a rating of “BBB-” (or the then current equivalent thereof) or better from S&P and in the case of any other Designated Rating Agency, a rating equivalent to or better than such Acceptable Rating of Moody’s or S&P.

Acceptable Rating means, with respect to the senior unsecured debt of the Company, a rating of “Baa3” (or the then current equivalent thereof) or better from Xxxxx’x and a rating of “BBB-” (or the then current equivalent thereof) or better from S&P and in the case of any other Designated Rating Agency, a rating equivalent to or better than such Acceptable Rating of Xxxxx’x or S&P.