Initial Target Rating definition
Initial Target Rating. With respect to any Class or Classes of Outstanding Secured Debt, the applicable rating specified in the table below:
Initial Target Rating. With respect to any Class or Classes of Outstanding Secured Notes, the applicable rating specified in the table below:
Initial Target Rating. With respect to any Class of Secured Debt, the applicable rating set forth in the table below: Class A-1L Loans “AAA (sf)” Class A-2L Loans “AAA (sf)” Class ▇-▇ Loans “AA (sf)”
More Definitions of Initial Target Rating
Initial Target Rating. With respect to any Class or Classes of Outstanding Secured Debt, the applicable rating specified in the table below: A-1a / A-1a-L1 Loans / A-1a-L2 Loans “AAA(sf)” A-1b / A-1b Loans “AAA(sf)”
Initial Target Rating. With respect to any Class or Classes of Outstanding Secured Debt, the applicable rating specified in the table below: Class Initial Target S&P Rating A-1 "AAA(sf)" A-2 "AA(sf)" B "A(sf)" C "BBB-(sf)" "Institutional Accredited Investor": An Accredited Investor under clauses (1), (2), (3) or (7) of Rule 501(a) under the Securities Act. "Instrument": The meaning specified in Section 9-102(a)(47) of the UCC. "Interest Accrual Period": (i) With respect to the initial Payment Date (or, in the case of a Class that is subject to a Refinancing or Re-Pricing or Debt issued or incurred, as applicable, in connection with an additional issuance or incurrence, in each case, on a Business Day other than a Payment Date, the first Payment Date following the Re-Pricing Date or the Redemption Date), the period from and including the 2024 Closing Date (or in the case of (x) a Refinancing on a Business Day other than a Payment Date, the Redemption Date related to such Refinancing, (y) a Re-Pricing on a Business Day other than a Payment Date, the Re-Pricing Date of such Re-Pricing and (z) an additional issuance or incurrence on a Business Day other than a Payment Date, the date of such additional issuance or incurrence ) to but excluding such Payment
Initial Target Rating. With respect to any Class or Classes of Outstanding Secured Debt, the applicable rating specified in the table below: A-L-R "AAA (sf)" X B-R "AAA (sf)" "AA (sf)" Class “Institutional Accredited Investor”: The meaning specified in Rule 501(a)(1), (2), (3) or (7) under the Securities Act. “Instrument”: The meaning specified in Section 9-102(a)(47) of the UCC. “Interest Accrual Period”: (i) With respect to the initial Payment Date (or, in the case of a Re-Priced Class or a Class that is subject to Refinancing, the first Payment Date following the Re-Pricing Date or the Refinancing, respectively), the period from and including the ClosingRefinancing Date (or, in the case of (x) a Re-Pricing, the Re-Pricing Date and (y) a
Initial Target Rating. With respect to the Secured Debt, the applicable rating set forth in the table below: Class Initial Fitch Target Rating Initial S&P Target Rating Class A-1 "AAAsf" "AAA (sf)" Class A-2 N/A "AAA (sf)" Class B N/A "AA (sf)" “Institutional Accredited Investor”: The meaning specified in Rule 501(a)(1), (2), (3) or (7) under the Securities Act. “Instrument”: The meaning specified in Section 9-102(a)(47) of the UCC. “Interest Accrual Period”: (i) With respect to the initial Payment Date (or, in the case of a Re- Priced Class or a Class that is subject to Refinancing, the first Payment Date following the Re-Pricing
Initial Target Rating. With respect to the Secured Notes issued on the Closing Date, the ratings of ▇▇▇▇▇’▇ and S&P, as applicable, in the table below: A-1 “AAA (sf)” “Aaa (sf)” A-2 “AA (sf)” N/A B “A (sf)” N/A C “BBB- (sf)” N/A
Initial Target Rating. With respect to the Secured Notes issued on the Closing Date, the ratings of ▇▇▇▇▇’▇ and S&P, as applicable, in the table below:
Initial Target Rating means with respect to any applicable Class of Notes, the applicable rating set forth in the table below.