Class E Rating definition

Class E Rating means a rating equal to “BB(high)(sf)” by DBRS and “BBsf” by Fitch or such other rating level communicated by the Rating Agencies for the Class E Notes at any time during the Securitisation.

Class E Rating means a rating equal to “B1(sf)” by Moody’s and “B (sf)” by DBRS or such other rating level communicated by the Rating Agencies for the Class E Notes at any time during the Securitisation.Class A Rating, Class B Rating, Class C Rating, Class D Rating and Class E Rating are collectively referred to as “Rating”.The Junior Notes will not be assigned a rating.A credit rating is not a recommendation to buy, sell or hold securities and may be subject to revision, suspension or withdrawal at any time by the Rating Agencies.Application has been made to list the Rated Notes issued under the Securitisation on the Official List of the Luxembourg Stock Exchange and to admit such Notes to trading on the Regulated Market. The Junior Notes will not be listed on the Official List of the Luxembourg Stock Exchange and/or on any other stock exchange.The proceeds of the issue of the Notes under this Securitisation will be applied, inter alia, by the Issuer to purchase the Initial Portfolio.Issue Price The Notes will be issued at par, except for the Class A Notes, which will be issued at 100.155 per cent.Form and Denominations The Notes will be issued in denominations of €100,000.The Notes will be in bearer form and dematerialised and will be wholly and exclusively deposited with Monte Titoli in accordance with (i) article 83-bis and ff. of the Legislative Decree no. 58 of 24 February 1998 and(ii) the Joint Resolution, each as amended and supplemented from time to time. The Notes will at all times be evidenced by, and title thereto will be transferable by means of, book-entries in accordance with the provisions of (i) article 83-bis and ff. of the Legislative Decree no. 58 of 24 February 1998 and (ii) the Joint Resolution, each as amended and supplemented from time to time. No physical document of title will be issued in respect of the Notes.

Class E Rating means a rating equal to “BBB (low) (sf)” by DBRS and “BBB- sf” by Fitch or such other rating level communicated by the Rating Agencies for the Class E Notes at any time during the Securitisation.

Examples of Class E Rating in a sentence

• Moisture-Resistant Admixture: Water repellent compound designed to reduce capillarity; Integral liquid polymeric admixture for mortar added during mixing, capable of achieving a Class E Rating when evaluated using ASTM E 514 with the test extended to 72 hours, using the rating criteria specified in ASTM E 514.

• Provide an integral liquid polymeric admixture mixed with concrete during production of CMU which cross links and becomes permanently locked into the CMU, bond beam or CMU lintel to provide resistance to water penetration to achieve a Class E Rating when tested in accordance with ASTM E 514-74.

• Water Permeance of Masonry: Capable of achieving a Class E Rating when evaluated using ASTM E 514-74.

• Issue Age Preferred Best – Rating Class E Rating Class F – H 0 - 80 $65,000,000 $65,000,000 81 - 85 $30,000,000 $30,000,000 86 - 90 $10,000,000 $10,000,000 Note: When a policy is reinsured under automatic reinsurance and the total amount in force and applied for in all companies exceeds $50,000,000, THE REINSURER must be notified.

• For VUL 2004: Issue Age Preferred Best – Rating Class E Rating Class F – H 0 - 80 $65,000,000 $65,000,000 81 - 85 $30,000,000 $30,000,000 86 - 90 $10,000,000 $10,000,000 For ProFunds policies, the jumbo limit is $65,000,000 for all ages and rating classes.

• Integral water repellent admixture system shall provide Class E Rating when tested in accordance with ASTM E514.

• The number of applicants and the status of application are represented on Table 5.The outcome indicators of this programme till the end of the project in 31.12.2023 – is the number of medical specialists attracted to work in regions in priority specialities in amounts to 1420 (with intermediate goal on 31.12.2020 – 709).

• The unit masonry shall be capable of achieving a Class E Rating for water permeance when evaluated using ASTM E 514 with the test extended to 72 hours, using the rating criteria specified in ASTM E 514.

• Integral liquid polymeric admixture, added to mortar during mixing, capable of attaining Class E Rating under ASTM E514.

• Mortar shall be capable of achieving a Class E Rating when evaluated using ASTM E 514 with the test extended to 72 hours, using the rating criteria specified in ASTM E 514.