Global Rating Agency Condition definition

Global Rating Agency Condition. With respect to any action taken or to be taken by or on behalf of the Issuer, satisfaction of both the Mxxxx’x Rating Condition and the S&P Rating Condition.
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Global Rating Agency Condition. With respect to any action taken or to be taken by or on behalf of the Issuer, satisfaction of the S&P Rating Condition (to the extent applicable) together with prior notice to Fitch delivered at least five Business Days prior to such action (to the extent that Fitch is rating any Notes then Outstanding).
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Global Rating Agency Condition means, with respect to any action taken or to be taken by or on behalf of the Issuer, satisfaction of both the Moody's Rating Condition and the S&P Rating Condition.
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Examples of Global Rating Agency Condition in a sentence

  • Unless only additional Subordinated Notes are being issued, an Officer’s certificate of the Issuer certifying that it has received a letter delivered by each Rating Agency, as applicable, and in substance confirming that the Global Rating Agency Condition has been satisfied with respect to the additional issuance or incurrence, as applicable.

  • Each Hedge Counterparty shall be required to have, at the time that any Hedge Agreement to which it is a party is entered into, the Required Hedge Counterparty Ratings unless the Global Rating Agency Condition is satisfied or credit support is provided as set forth in the Hedge Agreement.

  • Notwithstanding anything to the contrary contained in this Indenture, the Issuer (or the Collateral Manager on behalf of the Issuer) shall not enter into any Hedge Agreement unless the Global Rating Agency Condition has been satisfied with respect thereto.

  • This Agreement may be modified or amended only by an agreement in writing by the parties hereto and upon receipt of (x) satisfaction of the Global Rating Agency Condition and (y) the prior written consent of a Majority of each Class of Debt materially and adversely affected thereby (such determination to be made in the same manner as determining whether an amendment to the Indenture materially and adversely affects the Debt of a Class).

  • Subject to Section 2(h) and except as provided in Section 19(b), (c) and (d), the Collateral Manager may not assign any of its rights or responsibilities under this Agreement without obtaining (x) satisfaction of the Global Rating Agency Condition, (y) the written consent of a Majority of the Controlling Class and (z) the written consent of the Issuer acting at the direction of a Majority of the Subordinated Notes.


More Definitions of Global Rating Agency Condition

Global Rating Agency Condition means, with respect to any action taken or to be taken by or on behalf of the Issuer, satisfaction of both the Xxxxx’x Rating Condition and the S&P Rating Condition.
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Global Rating Agency Condition. With respect to any action taken or to be taken by or on behalf of the Issuer, satisfaction of both the Mxxxx’x Rating Condition (to the extent applicable) and the S&P Rating Condition (to the extent applicable).
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Global Rating Agency Condition. With respect to any action taken or to be taken by or on behalf of the Issuer, satisfaction of the Xxxxx’x Rating Condition (to the extent applicable) and the delivery of prior written notice of such action to Fitch.
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Global Rating Agency Condition. With respect to any action taken or to be taken by or on behalf of the Issuer, the satisfaction of the S&P Rating Agency Condition and, to the extent that DBRS is then rating any Secured Notes then Outstanding, the DBRS Rating Condition.
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Global Rating Agency Condition has the meaning given to such term in the Indenture.
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Related to Global Rating Agency Condition

  • Rating Agency Condition means, with respect to any action, that each Rating Agency shall have been given ten Business Days (or such shorter period as is practicable or acceptable to each Rating Agency) prior notice thereof and within ten Business Days of each Rating Agency’s receipt of such notice (or such shorter period as is practicable or acceptable to each Rating Agency) such Rating Agency shall not have notified the Seller, the Servicer, the Indenture Trustee and the Owner Trustee in writing that such action will result in a qualification, reduction or withdrawal of the then current rating of the Notes.

  • Credit Rating Agency means a nationally recognized credit rating agency that evaluates the financial condition of issuers of debt instruments and then assigns a rating that reflects its assessment of the issuer’s ability to make debt payments.

  • Rating Agency Event means that any nationally recognized statistical rating organization within the meaning of Section 3(a)(62) of the Exchange Act that then publishes a rating for the Company (a “rating agency”) amends, clarifies or changes the criteria it uses to assign equity credit to securities such as the Notes, which amendment, clarification or change results in:

  • S&P Rating means, at any time, the rating issued by S&P and then in effect with respect to the Borrower’s senior unsecured long-term debt securities without third-party credit enhancement.

  • Initial Rating With respect to the Secured Notes, the rating or ratings, if any, indicated in Section 2.3.

  • Rating Agencies means DBRS, Fitch, KBRA, Xxxxx’x, Morningstar and S&P and their respective successors in interest or, if any of such entities shall for any reason no longer perform the functions of a securities rating agency, any other nationally recognized statistical rating agency reasonably designated by any Note Holder to rate the securities issued in connection with the Securitization of the related Note; provided, however, that, at any time during which the Mortgage Loan is an asset of one or more Securitizations, “Rating Agencies” or “Rating Agency” shall mean only those rating agencies that are engaged from time to time to rate the securities issued in connection with the Securitizations of the Notes.

  • Moody’s means Xxxxx’x Investors Service, Inc.

  • Fitch means Fitch Ratings, Inc. or its successor.

  • Rating means the operating limits as specified by the component manufacturer.