Depositary Threshold Rating has the meaning set forth in Section 5(a) of the Note Purchase Agreement.
Depositary Threshold Rating means, with respect to the Depositary or any Replacement Depositary, short-term unsecured rating of A-1+ from Standard & Poor's and P-1 from Moody's.
Depositary Threshold Rating means (a) in the case of Fitch, either a Short-Term Rating of F1 or a Long-Term Rating of A-1 and (b) in the case of Standard & Poor’s, either a Long-Term Rating of A- or a Short-Term Rating of A-1.
Examples of Depositary Threshold Rating in a sentence
P-1 A- Depositary Rating The Depositary meets the Depositary Threshold Rating requirement.
Any Replacement Depositary may either be (x) one that meets the Depositary Threshold Rating for each Rating Agency or (y) one that does not meet the Depositary Threshold Rating for each Rating Agency, so long as, in the case of either of the immediately preceding clauses (x) and (y), the Company shall have obtained a Rating Agency Confirmation with respect to each Class of Certificates then rated by such Rating Agency in connection with the replacement of the Depositary with such Replacement Depositary.
The Depositary currently meets the Depositary Threshold Rating requirement.
The Depositary meets the Depositary Threshold Rating requirement.
More Definitions of Depositary Threshold Rating
Depositary Threshold Rating means the short-term unsecured debt rating of P-1 by Moody’s and the short-term issuer credit rating of A-1+ by Standard & Poor’s.
Depositary Threshold Rating means: (a) for the Class AA Trust, a Long-Term Rating of (i) A-, if the applicable Deposits are held in fiduciary accounts by a national bank exercising trust powers, or (ii) AA, if the applicable Deposits are not held in fiduciary accounts by a national bank exercising trust powers, in each case, determined by Standard & Poor’s and a Short-Term Rating of P-1 as determined by Moody’s, and (b) for the Class A Trust, a Long-Term Rating of A- as determined by Standard & Poor’s and a Short-Term Rating of P-1 as determined by Moody’s.
Depositary Threshold Rating means, in the case of Fitch, the long-term issuer credit rating of A- or short-term issuer credit rating of F1 and, in the case of Moody’s, a short-term unsecured debt rating of P-1.
Depositary Threshold Rating means (a) for the Class AA Trust and Class A Trust, (i) (1) a Long-Term Rating of BBB as determined by Fitch or (2) a Short-Term Rating of F2 as determined by Fitch and (ii) a Short-Term Rating of P-1 as determined by Xxxxx’x, and (b) for the Class B Trust, (i) (1) a Long-Term Rating of BBB- as determined by Fitch or (2) a Short-Term Rating of F3 as determined by Fitch and (ii) a Short-Term Rating of P-1 as determined by Xxxxx’x.
Depositary Threshold Rating means the long-term issuer credit rating of A- by Fitch and A- by Standard & Poor’s.
Depositary Threshold Rating means the short-term unsecured debt rating of P-1 by Moody’s Investors Service, Inc. (“Moody’s”) and the long-term issuer credit rating of A- by Fitch Ratings Ltd. (“Fitch” and, together with Moody’s, the “Rating Agencies”).
Depositary Threshold Rating means the short-term unsecured debt rating of P-1 by Moody’s and the long-term issuer credit rating of A- and A- by Fitch and Standard & Poor’s, respectively.