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Approved Rating Thresholds definition

Approved Rating Thresholds means a long-term and short-term senior unsecured deposit rating of at least A and A-1 by S&P, A1 and P-1 by Moody's or A and F1 by Fitch, to the extent such obligations are rated by S&P, Moody's and Fitch.
Approved Rating Thresholds means an entity that has a long-term and short-term senior unsecured deposit rating of at least A and A-1 by S&P and A1 and P-1 by Moody's, to the extent such obligations are rated by S&P and Moody's.
Approved Rating Thresholds means an entity that has a long-term and short-term senior unsecured deposit rating of at least A and A-1 by S&P, A1 and P-1 by Moody's or A and F1 by Fitch, to the extent such obligations are rated by S&P, Moody's and Fitch. Please confirm that the foregoing correctly sets xxxxx xhe terms and conditions of our agreement by returning within three (3) Business Days via telecopier an executed copy of this Confirmation to the attention of Global Derivative Operations (fax no. 1-866-255-1444)). Failure to respond within such period shall not axxxxx xxx xxxxdity or enforceability of this Transaction, and shall be deemed to be an affirmation of the terms and conditions contained herein, absent manifest error. Yours sincerely, Bank of America, N.A. By: ________________________________________ Name: Title: Confirmed as of the date above: Banc of America Funding 2006-7 Trust By: Wells Fargo Bank, N.A., not in its individual capacity but solexx xx Securities Administrator on behalf of Banc of America Funding 2006-7 Trust By: __________________________________________ Name: Title SCHEDULE A Our Reference Numbers: 4862606 4862607 Notional Amount (USD) Start Date End Date --------------------- ---------- -------- 87,663,000.00 10/25/2006 11/25/2006 86,945,531.00 11/25/2006 12/25/2006 86,079,960.00 12/25/2006 1/25/2007 85,066,849.00 1/25/2007 2/25/2007 83,906,949.00 2/25/2007 3/25/2007 82,601,276.00 3/25/2007 4/25/2007 81,151,114.00 4/25/2007 5/25/2007 79,558,010.00 5/25/2007 6/25/2007 77,823,772.00 6/25/2007 7/25/2007 75,950,472.00 7/25/2007 8/25/2007 73,940,441.00 8/25/2007 9/25/2007 71,796,260.00 9/25/2007 10/25/2007 70,451,595.00 10/25/2007 11/25/2007 69,028,330.00 11/25/2007 12/25/2007 67,529,285.00 12/25/2007 1/25/2008 65,957,480.00 1/25/2008 2/25/2008 64,316,127.00 2/25/2008 3/25/2008 62,608,623.00 3/25/2008 4/25/2008 60,838,540.00 4/25/2008 5/25/2008 59,009,617.00 5/25/2008 6/25/2008 57,125,750.00 6/25/2008 7/25/2008 55,190,981.00 7/25/2008 8/25/2008 53,209,485.00 8/25/2008 9/25/2008 51,185,562.00 9/25/2008 10/25/2008 49,123,624.00 10/25/2008 11/25/2008 47,033,541.00 11/25/2008 12/25/2008 44,932,173.00 12/25/2008 1/25/2009 42,823,030.00 1/25/2009 2/25/2009 40,713,030.00 2/25/2009 3/25/2009 38,667,020.00 3/25/2009 4/25/2009 36,683,588.00 4/25/2009 5/25/2009 34,761,351.00 5/25/2009 6/25/2009 32,898,954.00 6/25/2009 7/25/2009 31,095,068.00 7/25/2009 8/25/2009 29,348,395.00 8/25/2009 9/25/2009 27,657,659.00 9/25/2009 10/25/2009 26,021,613.00 10/25/2009 11/25/2009 24...

Examples of Approved Rating Thresholds in a sentence

  • Upon the Swap Contract Administrator obtaining actual knowledge of the rating of the Counterparty falling below the Approved Rating Thresholds (as defined in the Swap Contract), the Swap Contract Administrator, at the direction of the Trustee, shall negotiate an ISDA Credit Support Annex with the Counterparty that meets the terms of the Swap Contract.

  • Upon the Swap Trustee obtaining actual knowledge of the rating of the Swap Counterparty falling below the Approved Rating Thresholds (as defined in the Swap Contract), the Swap Trustee shall negotiate an ISDA Credit Support Annex with the Swap Counterparty that meets the terms of the Swap Contract.

  • Upon the Swap Contract Administrator obtaining actual knowledge of the rating of the Swap Counterparty falling below the Approved Rating Thresholds (as defined in the Swap Contract), the Swap Trustee shall direct the Swap Contract Administrator to demand payment of the Delivery Amount (as defined in the ISDA Credit Support Annex) on each Valuation Date (as defined in the ISDA Credit Support Annex) and to perform its other obligations in accordance with the ISDA Credit Support Annex.

  • Upon the Supplemental Interest Trustee obtaining actual knowledge of the rating of the Swap Counterparty falling below the Approved Rating Thresholds (as defined in the Swap Contract), the Supplemental Interest Trustee shall act at the written direction of the Depositor to execute an ISDA Credit Support Annex with the Swap Counterparty that meets the terms of the Swap Contract.

  • Upon the Swap Contract Administrator obtaining actual knowledge of the rating of the Swap Counterparty falling below the Approved Rating Thresholds (as defined in the Swap Contract), the Swap Trustee shall direct the Swap Contract Administrator to negotiate an ISDA Credit Support Annex with the Swap Counterparty that meets the terms of the Swap Contract.

  • At any time while Party A's Credit Support Provider shall fail to have the Approved Rating Thresholds from S&P, Party A shall provide to S&P not later than the Notification Time on the Local Business Day following each Valuation Date the calculations of Exposure and the Value of any Eligible Credit Support or Posted Credit Support for that Valuation Date.

  • Upon the Swap Contract Administrator obtaining actual knowledge of the rating of the Swap Counterparty falling below the Approved Rating Thresholds (as defined in the Swap Contract), the Swap Trustee shall direct the Swap Contract Administrator to demand payment of the Delivery Amount (as defined in the ISDA Credit Support Annex).

  • At any time after the occurrence of a Rating Agency Downgrade, if the ratings of Party A’s guarantor (or, if Party A has no guarantor, of Party A) are upgraded so as to meet the Approved Rating Thresholds, Party A shall no longer have any obligation to post collateral, assign this Agreement to a replacement counterparty or find a guarantor as provided above and Party B shall promptly return any then-posted collateral, if any, to Party A.

  • At any time while Party A’s Credit Support Provider shall fail to have the Approved Rating Thresholds from S&P, Party A shall provide to S&P not later than the Notification Time on the Local Business Day following each Valuation Date the calculations of Exposure and the Value of any Eligible Credit Support or Posted Credit Support for that Valuation Date.

  • Upon the Supplemental Interest Trustee obtaining actual knowledge of the rating of the Cap Counterparty falling below the Approved Rating Thresholds (as defined in each Corridor Contract), the Supplemental Interest Trustee shall act at the written direction of the Depositor to execute an ISDA Credit Support Annex with the Cap Counterparty that meets the terms of each Corridor Contract.


More Definitions of Approved Rating Thresholds

Approved Rating Thresholds. As defined in Section 3.30(b) hereof.
Approved Rating Thresholds means an entity that has a long-term and short-term senior unsecured deposit rating of at least A and A-1 by S&P, A1 and P-1 by Moody's or A and F1 by Fitch, to the extent such obligations are rated by S&P, Moody's and Fitch.
Approved Rating Thresholds means a long-term and short-term senior unsecured deposit rating of at least A and A-1 by S&P, A1 and P-1 by Moody's or A and F1 by Fitch, to the extent such obligations are rated by S&P, Moody's and Fitch. Please confirm that the foregoing correctlx xxxx forth the terms and conditions of our agreement by returning within three (3) Business Days via telecopier an executed copy of this Confirmation to the attention of Global FX and Derivative Operations (fax no.(+1) 866 255 1444). Failure to respond within such period shall not xxxxxx xxx xxxxxxty or enforceability of this Transaction, and shall be deemed to be an affirmation of the terms and conditions contained herein, absent manifest error. Yours sincerely, Bank of America, N.A. By: /s/ Mary Beth Knight ----------------------------------- Namx: Xxxx Xxxx Xnight Title: Assistant Vice President Confirmed xx xx xxx xxxx xbove: Banc of America Alternative Loan Trust 2006-3 By: Wells Fargo Bank, N.A. not in its individual capacity, but solely as Xxxxtee on behalf of Banc of America Alternative Loan Trust 2006-3 By: /s/ Jennifer L. Richardson ----------------------------------- Xxxx: Xxxxxxxx X. Richardson Title: Assistant Vice President
Approved Rating Thresholds means an entity that has a long-term and short-term senior unsecured debt or deposit rating of at least A and A-1 by S&P, A1 and P-1 by Mxxxx'x or A and F1 by Fitch, to the extent such obligations are rated by S&P, Mxxxx'x and Fitch.
Approved Rating Thresholds means a long-term and short-term senior unsecured deposit rating of at least A and A-1 by S&P, A1 and P-1 by Moody's or A and F1 by Fitch, to the extent such obligations are rated by S&P, Moody's and Fitch. Please confirm that the foregoing correctly xxxx xxrth the terms and conditions of our agreement by returning within three (3) Business Days via telecopier an executed copy of this Confirmation to the attention of Global FX and Derivative Operations (fax no.(+1) 866 255 1444). Failure to respond within such period shall not axxxxx xxx xxxxxxxy or enforceability of this Transaction, and shall be deemed to be an affirmation of the terms and conditions contained herein, absent manifest error. Yours sincerely, Bank of America, N.A. By: _________________________________________ Name: Title: Confirmed as of the date above: Banc of America Alternative Loan Trust 2006-3 By: Wells Fargo Bank, N.A. not in its individual capacity, but solely as Xxxxxee on behalf of Banc of America Alternative Loan Trust 2006-3 By: __________________________________________ Name: Title
Approved Rating Thresholds means an entity that has a long-term and short-term senior unsecured deposit rating of at least A and A-1 by S&P, A1 and P-1 by Moody's or A and F1 by Fitch, to the extent such obligations are rated by S&P, Moody's and Fitch. Pleaxx xxxxirm that the foregoing correctly sets forth the terms and conditions of our agreement by returning within three (3) Business Days via telecopier an executed copy of this Confirmation to the attention of Global Derivative Operations (fax no. 1-866-255-1444)). Failure to respond within such period shall not affexx xxx xxxxxxxy or enforceability of this Transaction, and shall be deemed to be an affirmation of the terms and conditions contained herein, absent manifest error. Yours sincerely, Bank of America, N.A. By: ________________________________________ Name: Title: Confirmed as of the date above: Banc of America Funding Corporation 2006-1 Trust By: Wells Fargo Bank, N.A., not in its individual capacity but solely as Sxxxxxties Administrator on behalf of Banc of America Funding Corporation 2006-1 Trust By: __________________________________________ Name: Title SCHEDULE A Our Reference Numbers: 4436076 4436077 NOTIONAL AMOUNT (USD) START DATE END DATE 28,000,000.00 1/25/2006 2/25/2006 27,885,510.00 2/25/2006 3/25/2006 27,742,034.00 3/25/2006 4/25/2006 27,569,676.00 4/25/2006 5/25/2006 27,368,598.00 5/25/2006 6/25/2006 27,139,023.00 6/25/2006 7/25/2006 26,881,232.00 7/25/2006 8/25/2006 26,595,566.00 8/25/2006 9/25/2006 26,282,424.00 9/25/2006 10/25/2006 25,942,263.00 10/25/2006 11/25/2006 25,575,599.00 11/25/2006 12/25/2006 25,183,002.00 12/25/2006 1/25/2007 24,765,100.00 1/25/2007 2/25/2007 24,322,576.00 2/25/2007 3/25/2007 23,856,164.00 3/25/2007 4/25/2007 23,366,652.00 4/25/2007 5/25/2007 22,854,877.00 5/25/2007 6/25/2007 22,321,724.00 6/25/2007 7/25/2007 21,768,127.00 7/25/2007 8/25/2007 21,195,061.00 8/25/2007 9/25/2007 20,603,546.00 9/25/2007 10/25/2007 19,994,641.00 10/25/2007 11/25/2007 19,369,441.00 11/25/2007 12/25/2007 18,729,079.00 12/25/2007 1/25/2008 18,074,717.00 1/25/2008 2/25/2008 17,407,549.00 2/25/2008 3/25/2008 16,729,045.00 3/25/2008 4/25/2008 16,040,615.00 4/25/2008 5/25/2008 15,357,784.00 5/25/2008 6/25/2008 14,691,218.00 6/25/2008 7/25/2008 14,041,330.00 7/25/2008 8/25/2008 13,407,808.00 8/25/2008 9/25/2008 12,790,347.00 9/25/2008 10/25/2008 12,188,647.00 10/25/2008 11/25/2008 11,602,415.00 11/25/2008 12/25/2008 11,031,358.00 12/25/2008 1/25/2009 10,475,194.00 1/25/2009 2/25/2009 9,933,641.00 2/25/2009...

Related to Approved Rating Thresholds

  • Approved Ratings Threshold means each of the S&P Approved Ratings Threshold and the Moody’s First Trigger Ratings Threshold.

  • S&P Approved Ratings Threshold means, with respect to Party A, the guarantor under an Eligible Guarantee, or an Eligible Replacement, a short-term unsecured and unsubordinated debt rating of “A-1” from S&P, or, if such entity does not have a short-term unsecured and unsubordinated debt rating from S&P, a long-term unsecured and unsubordinated debt rating or counterparty rating of “A+” from S&P.

  • Required Ratings Threshold means each of the S&P Required Ratings Threshold and the Moody’s Second Trigger Ratings Threshold.

  • Moody’s Second Trigger Ratings Threshold means, with respect to Party A, the guarantor under an Eligible Guarantee or an Eligible Replacement, (i) if such entity has a short-term unsecured and unsubordinated debt rating from Moody’s, a long-term unsecured and unsubordinated debt rating or counterparty rating from Moody’s of “A3” and a short-term unsecured and unsubordinated debt rating from Moody’s of “Prime-2”, or (ii) if such entity does not have a short-term unsecured and unsubordinated debt rating from Moody’s, a long-term unsecured and unsubordinated debt rating or counterparty rating from Moody’s of “A3”.

  • S&P Required Ratings Threshold means, with respect to Party A, the guarantor under an Eligible Guarantee or an Eligible Replacement, a long-term unsecured and unsubordinated debt rating or counterparty rating from S&P of “BBB+”.

  • Threshold Rating means the short-term unsecured debt rating of P-1 by Moody’s and the short-term issuer credit rating of A-1 by Standard & Poor’s.

  • Moody’s First Trigger Ratings Threshold means, with respect to Party A, the guarantor under an Eligible Guarantee or an Eligible Replacement, (i) if such entity has a short-term unsecured and unsubordinated debt rating from Moody’s, a long-term unsecured and unsubordinated debt rating or counterparty rating from Moody’s of “A2” and a short-term unsecured and unsubordinated debt rating from Moody’s of “Prime-1”, or (ii) if such entity does not have a short-term unsecured and unsubordinated debt rating or counterparty rating from Moody’s, a long-term unsecured and unsubordinated debt rating or counterparty rating from Moody’s of “A1”.

  • S&P Rating means, at any time, the rating issued by S&P and then in effect with respect to the Borrower’s senior unsecured long-term public debt securities without third-party credit enhancement (it being understood that if the Borrower does not have any outstanding debt securities of the type described above but has an indicative rating from S&P for debt securities of such type, then such indicative rating shall be used for determining the “S&P Rating”).

  • Required Rating means a short-term unsecured debt rating of “A-1+” by S&P Global Ratings and “F1+” by Fitch.

  • Required Ratings [Ratings] Closing Date, Location and Time: ___________ ___, 20___; offices of Cadwalader, Wickersham & Taft, LLP, New Xxxx, Xxx Yorx; 00:00 a.m. New York City time. Purchase Price for the Offered Certificates: Percent of Initial Aggregate Class Principal Balance ----- ---------------------------- Class A % Classes B-1, B-2 and B-3 % In each case, ax xxxxxxd and sold pursuant to this Terms Agreement, plus accrued interest, if applicable, thereon. Notwithstanding any other provision of the above-referenced Underwriting Agreement, all references to the Registration Statement in the Underwriting Agreement shall be with reference to File No. _________. Subject to the terms and conditions and in reliance upon the representations and warranties set forth in the above-referenced Underwriting Agreement (which is incorporated herein in its entirety and made a part hereof) as supplemented by this Terms Agreement, the Seller agrees to sell to the Underwriter, and the Underwriter agrees to purchase from the Seller, the Offered Certificates. The Underwriter has been retained solely to act as underwriter in connection with the sale of the Offered Certificates to investors (including the establishment of the price of the Offered Certificates to investors), and no fiduciary, advisory or agency relationship between Seller and the Underwriter has been created in respect of any of the transactions contemplated by this Terms Agreement, irrespective of whether the Underwriter has advised or is advising Seller on other matters. * * * If the foregoing is in accordance with your understanding of our agreement, please sign and return to the undersigned a counterpart hereof, whereupon this letter and your acceptance shall represent a binding agreement by and among the Seller, Wells Fargo Bank, N.A. and the Underwriter. Very truly yours, WELLS FARGO ASSET SECURITIES XORPORATION By: -------------------------------------- Name: Title: WELLS FARGO BANK, N.A. By: -------------------------------------- Name: Title: The foregoing Terms Agreement is hereby confirmed and accepted as of the date first above written. BEAR, STEARNS & CO. INC. By: -------------------------------------- Xxxx: Title: Exhibit B SUPPLEMENTAL INFORMATION With respect to any investor, "Supplemental Information" means any of the following types of information, to the extent omitted from the Issuer Free Writing Prospectus:

  • Xxxxx’x Rating means, at any time, the rating issued by Xxxxx’x and then in effect with respect to the Borrower’s senior unsecured long-term debt securities without third-party credit enhancement.

  • Mxxxx’x Rating means, with respect to a Reference Obligation, as of any date of determination:

  • Investment Grade Credit Rating means (i) a Credit Rating of Baa3 or higher given by Xxxxx’x, (ii) a Credit Rating of BBB- or higher given by S&P or (iii) a Credit Rating of BBB- or higher given by Fitch.

  • Eligible Investment Required Ratings means, in the case of each Eligible Investment, a short-term credit rating of at least “A-1” (or, in the absence of a short-term credit rating, “AA-” or better) from S&P.

  • Specified Rating means, for the Class A(2017-2) Notes, Aaa(sf) with respect to Xxxxx’x, AAA(sf) with respect to Standard & Poor’s and AAAsf with respect to Fitch.

  • Initial Rating With respect to the Secured Notes, the rating or ratings, if any, indicated in Section 2.3.

  • Highest Rating Category means, with respect to a Permitted Investment, that the Permitted Investment is rated by S&P or Moody’s in the highest rating category given by that rating agency for that general category of security. By way of example, the Highest Rating Category for tax exempt municipal debt established by S&P is “A 1+” for debt with a term of one year or less and “AAA” for a term greater than one year, with corresponding ratings by Moody’s of “MIG 1” (for fixed rate) or “VMIG 1” (for variable rate) for three months or less and “Aaa” for greater than three months. If at any time (i) both S&P and Moody’s rate a Permitted Investment and (ii) one of those ratings is below the Highest Rating Category, then such Permitted Investment will, nevertheless, be deemed to be rated in the Highest Rating Category if the lower rating is no more than one rating category below the highest rating category of that rating agency. For example, a Permitted Investment rated “AAA” by S&P and “Aa3” by Moody’s is rated in the Highest Rating Category. If, however, the lower rating is more than one full rating category below the Highest Rating Category of that Rating Agency, then the Permitted Investment will be deemed to be rated below the Highest Rating Category. For example, a Permitted Investment rated “AAA” by S&P and “A1” by Moody’s is not rated in the Highest Rating Category.

  • Applicable Rating Level at any time and for any Borrower shall be determined in accordance with the then-applicable S&P Rating and the then-applicable Xxxxx’x Rating for such Borrower as follows: S&P Rating A or higher or Xxxxx’x Rating A2 or higher 1 S&P Rating A- or higher or Xxxxx’x Rating A3 or higher 2 S&P Rating BBB+ or Xxxxx’x Rating Baa1 3 S&P Rating BBB or Xxxxx’x Rating Baa2 4 S&P Rating BBB- or Xxxxx’x Rating Baa3 5 S&P Rating BB+ or below or Xxxxx’x Rating Ba1 or below, or no S&P Rating or Xxxxx’x Rating 6 The Applicable Rating Level for any Borrower and for any day shall be determined based upon the higher of the S&P Rating and the Xxxxx’x Rating for such Borrower in effect on such day. If the S&P Rating and the Xxxxx’x Rating are not the same (i.e., a “split rating”), the higher of such ratings shall control, unless (i) the ratings differ by more than one level, in which case the rating one level below the higher of the two ratings shall control, or (ii) either rating is below BBB- or Baa3 (as applicable), in which case the lower of the two ratings shall control.

  • Designated Rating means, for a security or instrument, a rating issued by a designated rating organization, or its DRO affiliate, that is at or above one of the following rating categories, or that is at or above a category that replaces one of the following rating categories, if

  • Bid threshold means the dollar amount set in N.J.S.A. 18A:18A-3, above which a Board shall advertise for and receive sealed bids in accordance with procedures set forth in N.J.S.A. 18A:18A-1 et seq.

  • Moody’s Rating means, at any time, the rating issued by Moody's and xxxx xx effect with respect to the Borrower's senior unsexxxxx xong-term debt securities without third-party credit enhancement.

  • Long-Term Rating has the meaning specified in the Intercreditor Agreement.

  • Rating Downgrade means either:

  • Hedge Counterparty Ratings Requirement means (a) either (i) the unsecured, short-term debt obligations of the substitute counterparty (or its Credit Support Provider) are rated at least “A-1” by S&P or (ii) if the substitute counterparty does not have a short-term rating from S&P, the unsecured, long-term senior debt obligations of the substitute counterparty (or its Credit Support Provider) are rated at least “A+” by S&P, (b) either (i) the unsecured, long-term senior debt obligations of such substitute counterparty (or its Credit Support Provider) are rated at least “A1” by Moody’s (and if rated “A1” by Moody’s, such rating is not on watch for possible downgrade to below “A1”) and the unsecured, short-term debt obligations of such substitute counterparty (or its Credit Support Provider) are rated at least “P-1” by Moody’s (and if rated “P-1” by Moody’s, such rating is not on watch for possible downgrade and remaining on watch for possible downgrade), or (ii) if such substitute counterparty (or its Credit Support Provider) does not have a short-term debt rating from Moody’s, the unsecured, long-term senior debt obligations of such substitute counterparty (or its Credit Support Provider) are rated at least “Aa3” by Moody’s (and if rated “Aa3” by Moody’s, such rating is not on watch for possible downgrade to below “Aa3”), and (c) either (i) the unsecured, long-term senior debt obligations of such substitute counterparty (or its Credit Support Provider) are rated at least “A” by Fitch or (ii) the unsecured, short-term debt obligations of such substitute counterparty (or its Credit Support Provider) are rated at least “F1” by Fitch. For the purpose of this definition, no direct or indirect recourse against one or more shareholders of the substitute counterparty (or against any Person in control of, or controlled by, or under common control with, any such shareholder) shall be deemed to constitute a guarantee, security or support of the obligations of the substitute counterparty.

  • Rating Date means the date which is 90 days prior to the earlier of (i) a Change in Control and (ii) public notice of the occurrence of a Change in Control or of the intention of the Company to effect a Change in Control.

  • Specified Rating Agencies means each of Moody’s, S&P and DBRS as long as, in each case, it has not ceased to rate the Notes or failed to make a rating of the Notes publicly available for reasons outside of the Issuer’s control; provided that if one or more of Moody’s, S&P or DBRS ceases to rate the Notes or fails to make a rating of the Notes publicly available for reasons outside of the Issuer’s control, the Issuer may select any other “designated rating organization” within the meaning of National Instrument 41-101 of the Canadian Securities Administrators as a replacement agency for such one or more of them, as the case may be.