Confirmation of Rating means a written confirmation (or, at the option of the Rating Agency, a new rating with respect to the Bonds), obtained prior to the event or action under scrutiny, from the Rating Agency to the effect that, following the proposed action or event under scrutiny at the time such confirmation is sought, the rating of the Rating Agency with respect to all Bonds then outstanding and then rated by the Rating Agency will not be downgraded, suspended, qualified or withdrawn as a result of such action or event.
Confirmation of Rating means a written confirmation, obtained prior to the event or action under scrutiny, from the Rating Agency to the effect that, following the proposed action or event under scrutiny at the time such confirmation is sought, the rating of the Rating Agency with respect to all Bonds then Outstanding and then rated by the Rating Agency will not be downgraded, suspended, qualified or withdrawn as a result of such action or event.
Examples of Confirmation of Rating in a sentence
Not less than four Business Days before the Mandatory Tender Date, the Trustee has received a Confirmation of Rating.
The Recipient acknowledges that DOH is subject to the Right to Information and Protection of Privacy Act S.N.B. 2009, c.