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 set forth 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 Notes / Class A-1L-1 Loans / Class A-1L-2 Loans “AAA (sf)”
Examples of Initial Target Rating in a sentence
With respect to each of the Highest Ranking Class A Notes, the Class B Notes, the Class C Notes, the Class D Notes, the Class E Notes and the Class F Notes, at any time, an estimate of the cumulative default rate for the Current Portfolio or the Proposed Portfolio, as applicable, consistent with S&P's Initial Target Rating of such Class or Classes of Notes, determined by application by the Collateral Administrator of the S&P CDO Monitor at such time.
With respect to the Rated Notes, the rating, if any, indicated in Section 2.3. "Initial Target Rating": With respect to a Class of Rated Notes, the respective Initial Rating.
More Definitions of Initial Target Rating
Initial Target Rating. With respect to any Class of Secured Notes, the applicable rating set forth in the table below: Class A-1 “AAA (sf)” “AAAsf” Class A-2 “AAA (sf)” N/A Class B “AA (sf)” N/A
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 the Secured Notes issued on the Closing Date, the ratings of Xxxxx’x 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.
Initial Target Rating means, with respect to any applicable Class or Classes of Outstanding Secured Notes, the applicable expected rating as of the Closing Date as set forth in the table below:
Initial Target Rating. “: With respect to any applicable Class or Classes of Outstanding Rated Debt, the applicable target rating as of the Closing Date as set forth in the table below: Class A Loans “AAAsf” Class A Notes “AAAsf” Class B Loans “AAsf” Class B Notes “AAsf”