Current Rating definition

Current Rating. – means, at any particular time with respect to an Entity which has applied for membership as a Limited Clearing Member or which has been admitted as a Limited Clearing Member, as applicable, (i) a rating issued within the last 12 months by a Designated Rating Organization for such Entity,

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Current Rating means a Debt Rating (a) with respect to S&P, any of the categories from and including BB- or higher (or equivalent successor categories), (b) with respect to ▇▇▇▇▇’▇, any of the categories from and including Ba3 or higher (or equivalent successor categories), and (c) with respect to Fitch, any of the categories from and including BB- or higher (or equivalent successor categories).

Current Rating has the meaning set forth in Section 15.2(b)(3).

Examples of Current Rating in a sentence

• The Global Trust Manager must give 10 Business Days' notice in writing to each Current Rating Agency of any amendments to this Agreement.

• The fee may be varied from time to time as agreed in writing between the Redraw Facility Provider and the Manager and notified to the Borrower, provided that in the case of an increase in the fee, each Current Rating Authority is notified and confirms that such increase in the fee will not result in a downgrade, withdrawal or qualification of any ratings then assigned by it to the Notes.

• The Manager must provide a copy of each proposed amendment to each Current Rating Authority before the amendment becomes effective.

• In respect of Party A only, Party A fails to comply with Part 5(21) if such failure is not remedied on or before the tenth Business Day (or such later day as Party B and the Manager may agree and which the Current Rating Authorities confirm in writing will not result in a reduction, qualification or withdrawal of the credit ratings then assigned by them to the Relevant Notes in relation to the Transactions) after notice of such failure is given to Party A.".

• None of Party A, Party B or the Manager may amend this Agreement to the extent that it applies to any Transaction unless the Current Rating Authorities in relation to the Transaction have confirmed in writing that the proposed amendment will not result in a reduction, qualification or withdrawal of the credit ratings then assigned by them to the Relevant Notes in relation to the Transaction.

• If Party A regains the credit ratings from each Current Rating Authority in relation to the Transaction it had when it entered into the Transaction then Party B must, upon the direction of the Manager, repay to Party A the then Prepayment Balance.

• All policies of insurance required hereby shall be issued by companies which have been approved to do business in the State of California by the State Department of the Insurance, and which hold a current policy holder’s alphabetic and financial size category rating of not less than A: VIII according to the current Best Current Rating Guide, or a company of equal financial stability as determined by PCTPA.

• Affirmative Covenants 21 Section 9.1. Compliance with Law 21 Section 9.2. Insurance 21 Section 9.3. Maintenance of Properties 21 Section 9.4. Payment of Taxes 22 Section 9.5. Corporate Existence, Etc 22 Section 9.6 Books and Records 22 Section 9.7. Asset Coverage 22 Section 9.8. Current Rating on the Notes 22 Section 9.9. Most Favored Lender Status 22 Section 9.10.

• AFFIRMATIVE COVENANTS 20 Section 9.1. Compliance with Law 20 Section 9.2. Insurance 21 Section 9.3. Maintenance of Properties 21 Section 9.4. Payment of Taxes 21 Section 9.5. Corporate Existence, Etc 21 Section 9.6 Books and Records 21 Section 9.7. Asset Coverage 21 Section 9.8. Current Rating on the Notes 22 Section 9.9. Most Favored Lender Status 22 Section 9.10.

• Infrastructure Risk Ratings Impact Austria Market Rating: A+ Market Flash Impact: On Watch Impacted Risk Type: Financial Risk Current Rating = A+ Flash Impact = On Watch Impacted Risk Type: Operational Risk Current Rating = A Flash Impact = On Watch CSDs joining T2S whose settlements will be processed largely or entirely through T2S, will likely decommission their settlement services (part or in whole) impacting their traditional revenue streams.

More Definitions of Current Rating

Current Rating means, (i) with respect to the Senior Unsecured Notes, (A) Baa2 stable, by Moody’s, (B) BBB negative watch, by S&P, and (C) BBB stable by Fitch and (ii) with respect to the Preferred Shares, (A) Baa3 stable, by Moody’s, (B) BBB- negative, by S&P, and (C) BB+ stable, by Fitch.

Current Rating means a rating that, in relation to a date 35

Current Rating. – means, at any particular time with respect to an Entity which has applied for membership as a Limited Clearing Member or which has been admitted as a Limited Clearing Member, as applicable, (i) a rating issued within the last 12 months by a Designated Rating Organization for such Entity, (ii) if the Entity is not the subject of a Current Rating issued by a Designated Rating Organization, a rating issued by a Designated Rating Organization within the last 12 months for the Long-term Obligation of such Entity, or (iii) if neither such Entity itself nor the Long-term Obligation of such Entity is the subject of a Current Rating issued by a Designated Rating Organization, a rating issued by a Designated Rating Organization within the last 12 months for the Long-term Obligation of such Entity’s Consolidated Affiliate or Plan Sponsor.

Current Rating the rating symbol A- granted by A.M. Best Company, Inc., and being a T-listed certified company by the U.S. Department of Treasury Bureau of the Fiscal Service, in each case with respect to the Company.