Applicable Rating Agencies definition

Applicable Rating Agencies means, at the option of the Company and at any time, (1) the two Rating Agencies most recently selected by the Company in its sole discretion to be the Applicable Rating Agencies or (2) the three Rating Agencies most recently selected by the Company in its sole discretion to be the Applicable Rating Agencies. For purposes of clarity, it is understood and agreed that the Company may, from time to time and in its sole discretion, determine whether there shall be two or three Applicable Rating Agencies and select or change the Rating Agencies which shall be the Applicable Rating Agencies.

Applicable Rating Agencies means, at any given time, each Rating Agency then rating the Bonds.

Applicable Rating Agencies means the Rating Agencies that have rated any Securities issued in connection with a Secondary Market Transaction.

Examples of Applicable Rating Agencies in a sentence

• This Agreement and any Supplement may not be amended unless NAFCO shall have delivered the proposed amendment to the Applicable Rating Agencies at least ten Business Days (or such shorter period as shall be acceptable to each of them) prior to the execution and delivery thereof and the Rating Agency Condition has been satisfied with respect to such amendment.

• If the Collateral Manager is ordered by the Board of Directors or the requisite Holders to take any action which would have any such consequences, the Collateral Manager shall promptly notify the Issuer, the Applicable Rating Agencies and the Trustee of the Collateral Manager’s judgment that such action would have one or more of the consequences set forth above and need not take such action unless the Board of Directors then requests the Collateral Manager to do so.

• The Certificateholders hereby consent to and shall be bound by such amendments, provided that such amendments will not (in the reasonable opinion of the Programme Administrator taking into account the circumstances in existence at the time the amendments are made) result in the credit ratings of the Certificates being reduced, put on negative watch or withdrawn by any of the then Applicable Rating Agencies.

• The Trustee shall give prompt notice to the Applicable Rating Agencies and each Certificateholder upon the appointment of a Successor Administrator.

• This Agreement may be amended for any other purpose upon notice to the Applicable Rating Agencies and 10 days’ prior written notice to the Controlling Class, but without the consent of the Holders of any Notes.

More Definitions of Applicable Rating Agencies

Applicable Rating Agencies means Moodys, S&P and Fitch.

Applicable Rating Agencies as used in this Agreement mean Moody's and Standard and Poor's.

Applicable Rating Agencies means Xxxxx’x, S&P and Fitch.

Applicable Rating Agencies means each of the nationally recognized statistical rating agencies that, at the request of the Sellers or the Issuer, has rated any then-outstanding Series of Notes.

Applicable Rating Agencies means each nationally recognized rating agency that, at the request of the Issuer, from time to time maintains a credit rating of the Series 1995-1, Class A Notes or the Series 1995-1, Class B Notes.

Applicable Rating Agencies means Moody’s, S&P and Fitch.

Applicable Rating Agencies means one or more of Fitch, Moody’s and/or S&P who have been requested to provide a credit rating in respect of, and at the relevant time have an outstanding public credit rating on, the Certificates, and their successors, and each a “Applicable Rating Agency”;