Assigned Rating definition

Assigned Rating means, in respect of the Counterparty, the Custodian or the Principal Paying Agent, the rating assigned to the Relevant Unsecured Indebtedness of such entity by the Applicable Rating Agency. The Assigned Rating relating to the Counterparty is denoted in this Securities Note as the "Counterparty Assigned Rating", the Assigned Rating relating to the Custodian is denoted in this Securities Note as the "Custodian Assigned Rating" and the Assigned Rating relating to the Principal Paying Agent is denoted in this Securities Note as the "Principal Paying Agent Assigned Rating". For these purposes, "Applicable Rating Agency" means the rating agency specified as such in the Notes Data Table in relation to such entity, and the "Relevant Unsecured Indebtedness" of an entity means either the long-term unsecured unsubordinated indebtedness or the short-term unsecured unsubordinated indebtedness of such entity, indicated in the Notes Data Table as either "Long-term" or "Short-term" respectively.
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Assigned Rating means, with respect to any Transferred Loan as of any date of determination, the lowest of (a) the monitored publicly available rating or Shadow Rating expressly assigned to such Loan by Moxxx’x xr S&P that addresses the full amount of the principal and interest payable on such Loan, (b) the rating assigned by the Servicer’s internal risk rating model, or (c) the RiskCalc Rating; provided, however, that (i) in the case of the rating determined in subsection (a), (b) or (c), such Assigned Rating shall in no event be lower than the rating determined in (a), (ii) any such rating, if assigned by S&P, shall be lowered by one rating level, (iii) any such rating, if assigned by the Servicer’s internal rating model, shall, if the weighted average rating assigned by the Servicer to any set of Transferred Loans is found to be higher than the weighted average Shadow Rating of the same set of Loans, be adjusted downward by the amount of such deviation, (iv) each such rating shall be compared quarterly with the applicable RiskCalc Rating, and to the extent that the RiskCalc Rating is found to be lower, then such rating will be adjusted downward and to the extent that the RiskCalc Rating is found to be higher, then such rating will be adjusted upward, in each case, by the amount of such deviation, and (v) each such rating shall be converted to the equivalent Moxxx’x xating for reporting purposes; provided, however, that for the period of 60 days after the Effective Date, the Assigned Rating shall be the lower of (x) the RiskCalc Rating or (y) the internal rating.
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Assigned Rating means, in respect of the Swap Counterparty, any Collateral Provider, the Custodian, the Account Bank or the Principal Paying Agent, the rating assigned to the Relevant Unsecured Indebtedness of such entity (or, in the case of the Principal Paying Agent, any guarantor of such entity) by the Rating Agency. For these purposes, the "Relevant Unsecured Indebtedness" of an entity means either the long-term unsecured unsubordinated indebtedness or the short-term unsecured unsubordinated indebtedness of such entity, indicated in the Information Table as either "Long-term" or "Short-term" respectively.
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Examples of Assigned Rating in a sentence

  • If and for so long as the Counterparty Assigned Rating is at or above the Counterparty Required Rating, the Credit Support Annex is suspended.

  • A dis- cussion and/or analysis on how to best mix the policies would be desirable as a reference for policy makers in developing countries.

  • Electronic accessory data helpful for the interpretation of the experiment should be digitally signed and stored Entries should wherever possible be made only by the person to whom the book is issued.

  • If and for so long as each Counterparty Assigned Rating is at or above the applicable Counterparty Required Rating, the Credit Support Amount is zero; and the Credit Support Annex is suspended.

  • If and for so long as the Repo Counterparty Assigned Rating by Moody's is below the Repo Counterparty Floor Rating by Moody's, the Repo Counterparty will provide a third party guarantee from a party with the ratings required by Moody's or transfer its obligations under the relevant Repo Agreement to an alternative Repo Counterparty with the ratings required by Moody's.

  • Where the Swap Counterparty Assigned Rating is less than the Swap Counterparty Required Rating and the Swap Counterparty elects to deliver zero coupon bonds to the Custodian on behalf of the Issuer in accordance with the relevant Principal Protection Swap, the Swap Counterparty will cease to have any obligation under the Principal Protection Swap to pay the relevant Principal Protection Amount.

  • Any Loan which, as of its Cut-Off Date, does not have an Assigned Moody’s Rating, a Moody’s Shadow Rating or a S&P Rating, and as to which the Servicer has notified the Agent and the Trustee, not later than its Cut-Off Date, of its intention not to procure a Moody’s Assigned Rating, a Moody’s Shadow Rating or an S&P Rating.

  • A B C D E 12 Average Assigned Rating 10 8 6 4 2 0 0 45 90 135 180 225 270 315 360 Hue angle, in Degrees Figure 3.10.

  • If, on any daily or weekly valuation date during the term of the Exchange Agreement, (a) any Counterparty Assigned Rating is below the applicable Counterparty Required Rating and (b) the aggregate Exchange Agreement Value of the Qualifying Assets held by the Issuer is less than the Exchange Agreement Collateral Requirement as of such date, the Counterparty will transfer to the Issuer Qualifying Assets having an Exchange Agreement Value of at least equal to the amount of such shortfall.

  • DOWNGRADE OF SWAP COUNTERPARTY In respect of each Class of Notes, in the event that any applicable Swap Counterparty Assigned Rating is less than any applicable Swap Counterparty Required Rating or applicable Swap Counterparty Floor Rating, the Swap Counterparty will take such actions as may be required by the relevant Rating Agency, as more fully described in the table headed "Swap Counterparty Downgrade" in the Rating Downgrade Information Table.


More Definitions of Assigned Rating

Assigned Rating is hereby amended by replacing the reference to “DBRS” therein with “an Approved Rating Agency”;
Sample 1
Assigned Rating means, in respect of the Swap Counterparty, the Repo Counterparty, the Custodian, the Account Bank or the Principal Paying Agent, the rating assigned by each relevant Rating Agency to, as applicable, either the long-term unsecured unsubordinated indebtedness or the short-term unsecured unsubordinated indebtedness of such entity.
Sample 1
Assigned Rating. The Moody's Assigned Rating or the S&P Assigned Rating, as applicable.
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Related to Assigned Rating

  • 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.

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

  • 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”).

  • 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.

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

  • 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.

  • Credit Rating means, with respect to any entity, the rating then assigned to such entity’s unsecured, senior long-term debt obligations (not supported by third party credit enhancements) or if such entity does not have a rating for its senior unsecured long-term debt, then the rating then assigned to such entity as an issuer rating by S&P, Moody’s or any other rating agency agreed by the Parties as set forth in the Cover Sheet.

  • 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:

  • 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

  • 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.

  • Moody’s means Xxxxx’x Investors Service, Inc. and any successor thereto.

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

  • Applicable Rating means the rating assigned to each Class of the Series 2015-T1 Notes by the Note Rating Agency, upon the issuance of such Class as set forth below:

  • 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.

  • Investment Grade Rating means a rating equal to or higher than Baa3 (or the equivalent) by Xxxxx’x and BBB- (or the equivalent) by S&P, or an equivalent rating by any other Rating Agency.

  • 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.

  • Debt Rating has the meaning specified in the definition of “Applicable Rate.”

  • Index Debt Rating means the S&P Rating, the Xxxxx’x Rating and the Fitch Rating.

  • 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.

  • Moody s” means Moody’s Investors Service, Inc.

  • Corporate Rating an opinion issued by S&P of an obligor’s overall financial capacity (its creditworthiness) to pay its financial obligations.

  • Investment Grade Ratings means a rating equal to or higher than Baa3 (or the equivalent) by Moody’s and BBB- (or the equivalent) by S&P, provided that no negative watch is placed on such rating.

  • Senior Debt Rating means, at any date, the credit rating identified by a Rating Agency as the credit rating that (a) it has assigned to long term unsecured senior debt of the Borrower or (b) would assign to long term unsecured senior debt of the Borrower were the Borrower to issue or have outstanding any long term unsecured senior debt on such date.

  • Credit Rating Agency means a nationally recognized credit rating agency that evaluates the financial condition of issuers of debt instruments and then assigns a rating that reflects its assessment of the issuer’s ability to make debt payments.

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

  • 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.