CP Rating definition

CP Rating the respective ratings of each of the Rating Agencies applicable to the Borrower's commercial paper as announced by the Rating Agencies from time to time.
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CP Rating means the ratings of S&P and Moody's, respectively, applicable to commercial paper (with an original maturity not exceeding one year) of the Borrower that is not guaranteed by any other Person or subject to any other credit enhancement.
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CP Rating means, as of any date, the higher of the ratings that have --------- been most recently announced by either S&P or Xxxxx'x, as the case may be, for any class of non-credit enhanced commercial paper debt issued by the Borrower. For purposes of the foregoing, (a) if only one of S&P and Xxxxx'x shall have in effect a CP Rating, the Eurodollar Rate Margin and the Facility Fee Percentage may be determined by reference to the available rating; (b) if any rating established by S&P or Xxxxx'x shall be changed, such change shall be effective as of the date on which such change is first announced publicly by the rating agency making such change; and (c) if S&P or Xxxxx'x shall change the basis on which ratings are established, each reference to the CP Rating announced by S&P or Xxxxx'x, as the case may be, shall refer to the then equivalent rating by S&P or Xxxxx'x, as the case may be.
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Examples of CP Rating in a sentence

  • Each Lessee shall not, without prior written consent of the Lessor, AFC-II and the Trustee and without having satisfied the Rating Agency Consent Condition and the CP Rating Agency Condition, assign this Agreement or any of its rights hereunder to any other party; provided, however, that each Lessee may rent the Vehicles leased by such Lessee hereunder under the terms of its normal daily rental programs.

  • Amend any of its organizational documents, including its certificate of limited partnership or limited partnership agreement or certificate of incorporation or by-laws, as the case may be, unless prior to such amendment, each Rating Agency confirms that after such amendment the Rating Agency Consent Condition and the CP Rating Agency Condition will be met.

  • Amend any of its organizational documents, including its certificate of incorporation or by-laws, unless prior to such amendment, each Rating Agency confirms that after such amendment the Rating Agency Condition and the CP Rating Agency Consent Condition will be met.

  • Amend any of its organizational documents, including its cer- tificate of limited partnership or limited partnership agreement, unless prior to such amendment, each Rating Agency confirms that after such amendment the Rating Agency Consent Condition and the CP Rating Agency Condition will be met.

  • The initial effectiveness of each Supplement shall be subject to the satisfaction of the Rating Agency Consent Condition and (so long as any Commercial Paper Notes are Outstanding) the CP Rating Agency Condition.

  • The Lessee shall not, without prior written consent of the Lessor, AFC II and the Trustee and without having satisfied the Rating Agency Consent Condition and the CP Rating Agency Condition, assign this Agreement or any of its rights hereunder to any other party; provided, however, the Lessee may rent the Vehicles under the terms of its normal daily rental programs.

  • The C&P Rating Bundle, also known as the claims inventory, also consists of all claims pending longer than 125 days, this constituting the actual backlog.

  • Neither this Agreement nor any terms hereof may be changed, waived, discharged or terminated unless such change, waiver, discharge or termination is in writing signed by each party hereto and each of the Rating Agency Consent Condition and the CP Rating Agency Condition has been satisfied and the prior written consent of the Majority Banks has been obtained.

  • Each Lessee agrees that it shall not, without prior written consent of the Lessor, AFC-II and the Trustee and without having satisfied the Rating Agency Consent Condition and the CP Rating Agency Condition, assign this Agreement or any of its rights hereunder to any other party; provided, however, that each Lessee may rent the Vehicles leased by such Lessee hereunder under the terms of its normal daily rental programs.

  • Further, no modification, waiver, consent, amendment, or discharge of or to this Agreement may be made without the prior receipt of any and all consents required pursuant to the Fleet Financing Documents (including, without limitation, satisfaction of the Rating Agency Consent Condition and of the CP Rating Agency Condition, and the prior written consent of the Majority Banks), and the Receivables Funding Documents.

Related to CP Rating

  • 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 debt securities without third-party credit enhancement.

  • 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.

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

  • 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.

  • 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

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

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

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

  • Moody’s means Xxxxx’x Investors Service, Inc.

  • Specified Rating means, for the Class A(2018-1) Notes, Aaa(sf) with respect to Xxxxx’x, AAA(sf) with respect to Standard & Poor’s and AAAsf with respect to Fitch.

  • Ratings As of any date of determination, the ratings, if any, of the Certificates as assigned by the Rating Agencies.

  • Credit Rating means the rating assigned by a Rating Agency to the senior unsecured long term Indebtedness of a Person.

  • Investment Grade Credit Rating means (a) with respect to Fitch, a credit rating of BBB- or higher, (b) with respect to Xxxxx’x, a credit rating of Baa3 or higher and (c) with respect to S&P, a credit rating of BBB- or higher.

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

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

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

  • S&P Global Ratings means S&P Global Ratings, a division of S&P Global.

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

  • Rating means the operating limits as specified by the component manufacturer.

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

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

  • 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.

  • Note Rating Agency means, with respect to any Outstanding Series, Class or Tranche of Notes, each statistical note rating agency selected by the Issuer to rate such Notes.

  • Applicable Rating means the rating assigned to each Class of the Series 2016-T1 Notes by the Note Rating Agency, upon the issuance of such Class as set forth below:

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

  • 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.