Facility Rating definition

Facility Rating means, as of any date, the credit rating provided by Xxxxx’x, S&P or Fitch, as applicable, for the Facility provided hereunder.

Facility Rating means the output potential the Facility can produce under specified conditions, which is generally expressed in kW-AC or MW-AC.

Facility Rating means the facility rating assigned by National Rural to an Eligible Security from time to time in accordance with National Rural's internal risk rating system.

Examples of Facility Rating in a sentence

• The Facility Rating is based on Borrower Rating, and takes into account security structure, therefore is a combination of PD and LGD (Loss Given Default).

• The rating system is based on a two dimensional rating framework, Borrower Rating and Facility Rating.

• Distribution, as the average ratio of the most recent three full calendar years for which financial information is available, is greater than or equal to 1.35; (3) Equity to Total Assets Ratio, as the average ratio of the most recent three full calendar years for which financial information is available, is greater than or equal to 20%; and (4) the Eligible Security has a Facility Rating by National Rural of “4.9” or lower.

• Transmission Planning establishes Normal and Emergency Facility Ratings for summer and winter seasonal periods based on its documented Facility Rating Methodology.

• The Borrower shall not enter into any interest rate cap unless the Rating Agency shall have confirmed in writing to the Borrower and the Facility Agent that entering into such transaction will not result in the reduction of its rating of the Rated Facility to below the Required Facility Rating or in a withdrawal of its rating of the Rated Facility.

More Definitions of Facility Rating

Facility Rating means, for any rating agency at any time, the rating then in effect from such rating agency applicable to the Obligations of the Borrower under this Agreement.

Facility Rating the facility rating assigned by the Rating Agency to the Facility.

Facility Rating means, as of any date, the credit rating provided by Moody’s, S&P or Fitch, as applicable, for the Facility provided

Facility Rating means, as of any date, the credit rating by Moody’s, S&P or Fitch, as applicable, for the Facilities provided hereunder.

Facility Rating means, with respect to any Collateral Obligation, (i) the Moody's rating issued with respect to such Collateral Obligation or (ii) if there is no Moody's rating of such Collateral Obligation, the Moody's rating issued with respect to another obligation of the same obligor that is at the same level of seniority with such Collateral Obligation or (iii) if there are no applicable ratings as described in (i) or (ii), the Moody's Rating of such Collateral Obligation; provided that, for purposes of determining the Facility Rating of any Collateral Obligation pursuant to clauses (i) or (ii) above, if the applicable rating assigned by Moody's to (A) an obligor or its obligations (other than Structured Finance Obligations) is (I) on watch for possible upgrade by Moody's, such rating will be treated as being one sub-category above such assigned rating and (II) on watch for possible downgrade by Moody's, such rating will be treated as being one sub-category below such assigned rating; or (B) a Structured Finance Obligation is (I) on watch for possible upgrade by Moody's, such rating will be treated as being two sub-categories above such assigned rating and (II) on watch for possible downgrade by Moody's, such rating will be treated as being two sub-categories below such assigned rating.

Facility Rating means, as of any date, the credit rating by Moody’s, S&P or Fitch, as applicable, for the Facilities provided hereunder. “FATCA” means Sections 1471 through 1474 of the Code, as of the date of this Agreement (or any amended or successor version that is

Facility Rating means the output potential the Facility can produce under specified conditions, which is generally expressed in kW or MW.