Emerging Market Obligor means any obligor domiciled in a country that (a) is not the United States, (b) is not a Tax Advantaged Jurisdiction the foreign currency country ceiling rating of which (as well as the foreign currency country ceiling rating of the country in which a substantial portion of its operations are located or from which a substantial portion of its revenue is derived, in each case directly or through subsidiaries) is, at the time of acquisition of the relevant Underlying Asset, at least "Aa3" by Moody's and (c) is not any other country the foreign currency country ceiling rating of which is, at the time of acquisition of the relevant Underlying Asset, at least "Aa3" by Moody's; provided, that, with respect to clauses (b) and (c) hereto, an obligor domiciled in a country that has a country ceiling for foreign currency bonds of "A1", "A2" or "A3" by Moody's shall not be deemed to be an Emerging Market Obligor on the date of acquisition of the related Underlying Asset by the Issuer as long as the aggregate principal balance of all Underlying Assets falling under this proviso does not exceed 10.0% of the Maximum Investment Amount on such date.
Emerging Market Obligor. Any obligor Domiciled in a country (other than the United States of America) that, (a) in the case of a Tax Advantaged Jurisdiction, has a foreign currency country bond ceiling rating (or, with respect to any country in which a substantial portion of such obligor’s operations are located or from which a substantial portion of its revenue is derived, in each case directly or through subsidiaries, such country has a foreign currency country bond ceiling rating), at the time of acquisition of the relevant Collateral Obligation, of less than “Aa2” by Xxxxx’x or (b) in the case of any other country, has a foreign currency country bond ceiling rating, at the time of acquisition of the relevant Collateral Obligation, of less than “Aa2” by Xxxxx’x.
Emerging Market Obligor means any obligor domiciled in a country that (a) is not the United States, (b) is not a Tax Advantaged Jurisdiction the foreign currency country ceiling
More Definitions of Emerging Market Obligor
Emerging Market Obligor. Any Obligor Domiciled in a country (other than the United States of America) that (a) does not have a either a foreign currency government bond rating of at least “Aa3” by Xxxxx’x, a foreign currency issuer credit rating of at least “AA-” by S&P or a sovereign rating of at least “AA-” by Fitch (other than any country referenced in clause (i) of the definition of “Concentration Limitations”) or (b) is not a Tax Advantaged Jurisdiction.
Emerging Market Obligor. Any obligor Domiciled in a country (other than the United States of America) the foreign currency issuer credit rating of which is not, at the time of acquisition of the relevant Collateral Obligation, at least "AA" by S&P and the foreign currency country ceiling rating of which is not, at the time of acquisition of the relevant Collateral Obligation, at least "Aa2" by Mxxxx'x (in each case, other than any country referenced in clause (i) of the definition of "Concentration Limitations").
Emerging Market Obligor means any obligor that is Domiciled in any country that has a country ceiling for foreign currency bonds of "Aa3" or lower by Moody's and a foreign currency issuer credit rating of "AA-" or lower by S&P.
Emerging Market Obligor means any obligor that is Domiciled in any country that has a country ceiling for foreign currency bonds of "Aa3" or lower by Moody's and a foreign currency issuer credit rating of "AA-" or lower by S&P.