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 has the meaning given to such term in Section 2.05(b).

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

Examples of Effective Date Ratings Confirmation in a sentence

• A restriction that will be satisfied if (a) Effective Date Ratings Confirmation has been obtained, (b) the sum of the deposits from the Ramp-Up Account and the Principal Collection Subaccount into the Interest Collection Subaccount as Interest Proceeds does not exceed 1.0% of the Target Initial Par Amount and (c) the Target Initial Par Condition, each Concentration Limitation, each Collateral Quality Test and each Coverage Test is satisfied prior to and after giving effect to such deposits.

• A restriction that will be satisfied if (a) the sum of the deposits from the Unused Proceeds Account and Principal Proceeds designated as Interest Proceeds pursuant to clause (ix) of the definition of “Interest Proceeds” does not exceed 1.0% of the Effective Date Target Par Amount and (b) the Effective Date Condition is satisfied prior to and after giving effect to such deposits and no Effective Date Ratings Confirmation Failure has occurred and is continuing.

• The failure to obtain the Effective Date Ratings Confirmation on or prior to the second Determination Date.

• Buoyed by strong economic performance, improved collection and a “heavy blow to smuggling”, China’s tax revenue rose 13.4 percent in 1999.

• If upon receipt of the Effective Date Ratings Confirmation, no Ratings Confirmation Failure occurs, no Sequential Distribution Date will occur by reason thereof.

• Should the Issuer fail to receive an Effective Date Ratings Confirmation from Xxxxx’x, the Servicer shall re-apply for the Effective Date Ratings Confirmation no later than five (5) Business Days after each subsequent Determination Date until the Effective Date Ratings Confirmation has been obtained.

• PAID HOLIDAYS Employees are provided an average of 9.1 paid holidays per year by responding employers, while the national average for private industry workers is 8 days and 11 days for State and Local Government workers according to the 2008 Bureau of Labor Statistics.

• The pair live and work in Sheffield, UK where they churn out fun for clients and happy people alike.

• In connection with an Effective Date-Related Redemption, the principal of the Secured Notes will be paid from Interest Proceeds (and, to the extent necessary, Principal Proceeds) in accordance with the Secured Note Payment Sequence pursuant to the Priority of Payments in an aggregate amount sufficient to obtain Effective Date Ratings Confirmation.

• See "Use of Proceeds—Effective Date." 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.

More Definitions of Effective Date Ratings Confirmation

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. Satisfaction of the S&P Effective Date Condition.

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. 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.