Bond Rating definition

Bond Rating means a rating assigned to any long-term senior secured indebtedness issued by or on behalf of the storage operator, including any indebtedness issued by any governmental authority with respect to which the storage operator is obligor.

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Bond Rating means a rating assigned to a Borrower's senior long-term unsecured debt by any of the Rating Agencies.

Bond Rating means the long term credit rating (without regard to any bond insurance or any other form of credit enhancement on the Bonds) assigned to the Series 2009A Bonds or parity debt by each Rating Agency then providing its long term rating therefor. If more than one rating agency provides a rating, the “Bond Rating” is the lowest such rating.

Examples of Bond Rating in a sentence

Lessor hereby consents to any Merger in which the acquiring entity has a ▇▇▇▇▇'▇ Bond Rating of BA3 or better or a commercially acceptable equivalent measure of creditworthiness as reasonably determined by Lessor.
Subsequent to the execution and delivery of this Agreement and prior to the Closing Time, there shall not have occurred any downgrading, nor shall any notice have been given of (i) any downgrading, (ii) any intended or potential downgrading, or (iii) any review or possible change that does not indicate an improvement, in the rating accorded to the Securities by ▇▇▇▇▇ Bond Rating Agency, Inc.
The Securities shall have been rated investment grade by ▇▇▇▇▇ Bond Rating Agency, Inc.
In lieu of the foregoing, but subject to this Section 3.11, the Servicer and the Special Servicer shall be entitled to self-insure with respect to such risks so long as its (or its immediate or ultimate parent’s) long term unsecured debt rating is rated no lower than “A-” by S&P, “A-” by Fitch, “A3” by ▇▇▇▇▇’▇, “A-VIII” by A.M. Best, “A(low)” by DBRS, Inc., or “A-” or its equivalent by ▇▇▇▇▇ Bond Rating Agency, Inc.
Investments in bonds and preferred securities will be limited by bond rating category as follows: Bond Rating % of Total Min./Max.

More Definitions of Bond Rating

Bond Rating means the numerical rating of a unit of local government

Bond Rating means the long-term credit rating, determined without regard to liquidity or credit enhancement, assigned to any Outstanding Obligations of the Issuer by a Rating Agency.

Bond Rating the Moody's Bond Rating and the S&P Bond Rating. -----------

Bond Rating means the numerical rating of a unit of local government developed by the NCMC. The rating formula is based on 100 being a theoretically "perfect" unit of local government and is an assessment of the creditworthiness of the unit. Units of local government with a rating below 75 or with no ratings have limited, if any, access to the private markets for financing water and sewer or other debt.

Bond Rating means a rating on a bond issue assigned by a national rating agency. Obtaining a rating on the bonds can often make it possible for an issuer to secure a lower interest rate on a bond issue.

Bond Rating means, for any day and for any corporation and any Rating Agency, the rating of such corporation's (or if such corporation is a commercial bank which is not rated, its holding company's) senior long-term unsecured debt by such Rating Agency in effect at 9:00 A.M., New York City time, on such day. If any Rating Agency shall have changed its system of classifications after the date hereof, the Bond Rating shall be considered to be at or above a specified level if it is at or above the new rating which most closely corresponds to the specified level under the old rating system.

Bond Rating means, as of any date, the higher of the ratings that have been most recently announced by either Moody's or S&P, as the case may be, for senior unsecured debt in effect on such date, provided, however, that if, for either Moody's or S&P, no rating is in effect, the rating from Moody's or S&P, as the case may be, on such date shall be deemed to be Ba2 or BB, as applicable; and, provided further, that if, as of any date, either Moody's or S&P shall have ceased to exist or to be in the business of rating securities, (i) the Bond Rating with respect to whichever of Moody's or S&P shall have ceased to exist or to rate securities shall mean the rating of senior unsecured debt by the applicable Substitute Rating Agency in effect on such date and (ii) each rating specified in any Loan Document for either Moody's or S&P, as applicable, shall be deemed to be the rating of such Substitute Rating Agency reasonably equivalent to such rating of Moody's or S&P.