Effective Date Ratings Confirmation definition

Effective Date Ratings Confirmation means Rating Agency Confirmation as of the Effective Date, provided that no such Rating Agency Confirmation will be required from Moody's if the Effective Date Moody's Condition has been satisfied.

Effective Date Ratings Confirmation shall have the meaning provided in Section 2.06(h).

Effective Date Ratings Confirmation means Rating Agency Confirmation as of the Effective Date, provided that no such Rating Agency Confirmation will be required from Moody’s if the Effective Date Moody’s Condition has been satisfied.

Examples of Effective Date Ratings Confirmation in a sentence

• The parties acknowledge and agree that (i) the Effective Date with respect to the 2016 Notes has already occurred and Effective Date Ratings Confirmation with respect to such 2016 Notes has already been obtained and (ii) there shall be no “Effective Date” with respect to the 2019 Notes nor any obligation to obtain Effective Date Ratings Confirmation with respect thereto.

• Special Redemption in connection with theEffective Date In connection with the Effective Date, the Secured Notesmay be redeemed to the extent necessary to obtain Effective Date Ratings Confirmation.

• Effective Date Special Redemption In connection with the Effective Date, the Issuer may redeem the RatedNotes in part if the Collateral Manager notifies the Trustee that a redemption is required in order to obtain Effective Date Ratings Confirmation as described in Section 7.18 of the Indenture.

• On any Distribution Date commencing on the First Full Distribution Date, if any Coverage Test is not satisfied as of any Determination Date or in the event a Continuing Effective Date Ratings Confirmation Failure has occurred and is continuing, cash flows otherwise payable to Lower Ranking Classes of Securities will be diverted to the payment of principal on Higher Ranking Classes of Rated Notes as set forth in the Priority of Payments.

• This change in narrative and policy focus allowed policymakers to overcome the ‘ultima ratio’ doctrine and brought back the so-called ‘community method’.19CEPR POLICY INSIGHT No. 126The second element of the benign coincidence was favourable electoral cycles.

• If, on or prior to the first Determination Date following the Effective Date Cut-Off, an Effective Date Ratings Confirmation Failure occurs, the Issuer and the Collateral Manager on its behalf will be required to take the steps set forth in Section 7.18 of the Indenture.

• The bank chooses to view the contracts as one and not as two separate and independent contracts.

• If an Effective Date Ratings Confirmation Failure occurs, all funds then held in the Unused Proceeds Account will be applied as Principal Proceeds on the next and succeeding Payment Dates to the extent required for such ratings to be reinstated.

• Following Effective Date Ratings Confirmation, the Collateral Manager may designate Principal Proceeds and any remaining amounts in the Ramp-Up Account as Interest Proceeds so long as the Effective Date Interest Deposit Condition is satisfied.

• In the case of clause (2), such amounts will be used for application in accordance with the Priority of Payments in an amount required to obtain an Effective Date Ratings Confirmation.

More Definitions of Effective Date Ratings Confirmation

Effective Date Ratings Confirmation. Xxxxxx (i) written confirmation by Xxxxx’x of its Initial Rating of each Class of the Secured Notes or (ii) satisfaction of the Effective Date Xxxxx’x Condition.

Effective Date Ratings Confirmation means Rating Agency Confirmation as of the Effective Date, provided that no such Rating Agency Confirmation will be required from Moody’s if (a) the Issuer has provided to the Trustee and the Collateral Administrator an Accountants’ Certificate recalculating and comparing each element of the Effective Date Condition and (b) the Collateral Administrator has provided to Moody’s a Rating Agency Effective Date Report indicating that the Effective Date Condition has been satisfied.

Effective Date Ratings Confirmation. Satisfaction of the Mxxxx'x Rating Condition (except that the Mxxxx'x Rating Condition shall be deemed to be satisfied if the Issuer, or the Collateral Manager on its behalf, has provided to Moody's a Passing Report) with notice by the Issuer to Fitch of the occurrence of the Effective Date.

Effective Date Ratings Confirmation. Rating Agency Confirmation as of the Effective Date.