Minimum Rating Requirement definition

Minimum Rating Requirement means that there shall be in existence Ratings equal to or higher than the Specified Threshold from at least two Rating Agencies at any particular time;

Minimum Rating Requirement means that the Notes have been publicly assigned an investment grade rating BBB- or above in the case of S&P, Baa3 or above in the case of Moody’s, or, where an Adjustment Substitute Rating Agency has been substituted by the Issuer, a comparable rating or above by at least one of the Adjustment Rating Agencies

Minimum Rating Requirement means that the Notes have been publicly assigned an Investment Grade credit rating by at least two of the Rating Agencies and have not been publicly assigned a Non-Investment Grade rating by any Rating Agency as at any particular time except that any credit rating assigned and published by a Rating Agency on an unsolicited basis shall not be deemed to be "publicly assigned" for the purposes of this definition;

Examples of Minimum Rating Requirement in a sentence

• For so long as any Notes (in respect of which a Step Up Event or Step Down Event is specified in the relevant Final Terms) are outstanding, the Issuer shall use its best efforts to maintain the Minimum Rating Requirement, and following a failure to meet the Minimum Rating Requirement, the Issuer shall use its best efforts to procure the reinstatement of the Minimum Rating Requirement as soon as reasonably practicable thereafter.

• If the rating of the Swap Provider falls below the Minimum Rating Requirement, the County will have ten (10) business days after notice of such noncompliance to replace such Swap Provider with a Swap Provider that does satisfy the Initial Rating Requirement.

• For so long as any of the Notes are outstanding, the Issuer shall use its best efforts to maintain the Minimum Rating Requirement, and following a failure to meet the Minimum Rating Requirement, the Issuer shall use its best efforts to procure the reinstatement of the Minimum Rating Requirement as soon as reasonably practicable thereafter.

• The termination of the Custodian and/or relevant Paying Agent will not be effective until a replacement Custodian and/or Paying Agent which satisfies the Minimum Rating Requirement has been appointed.

• In the event that the ratings of the Custodian or any Paying Agent are downgraded to below the Minimum Rating Requirements or withdrawn, the Custodian or Paying Agent (as the case may be) shall notify the Issuer, the Investment Manager, the Collateral Administrator and the Trustee promptly and the Issuer shall procure the appointment of a replacement Custodian and/or Paying Agent which satisfies the Minimum Rating Requirement in accordance with the Agency Agreement.

More Definitions of Minimum Rating Requirement

Minimum Rating Requirement means that there shall be in existence a Rating equal to or higher than the Specified Threshold from at least one Rating Agency at any particular time;

Minimum Rating Requirement means (A) with respect to Xxxxx'x, a long-term credit rating of at least Baa3; and (B) with respect to S&P, long-term credit rating of at least BBB-.

Minimum Rating Requirement means a long term debt rating of Baa2 by Xxxxx’x or BBB by S&P.

Minimum Rating Requirement means the rating requirement described in Section 11.16(b). M thereto.

Minimum Rating Requirement means that the Notes have been publicly assigned an investment grade rating BBB- or above in the case of S&P, Baa3 or above in the case of Moody’s, or, where an

Minimum Rating Requirement means the rating requirement described in Section 12.10(b).

Minimum Rating Requirement means (A) with respect to Moody's, a long-term senior unsecured debt rating, counterparty ratinx, or long-term deposit-paying rating of at least A2 or a financial strength rating of at least A2 (or, in the event that Moody's does not provide the long-term or other types of ratxxxx xxferred to above with respect to the Trust, a commercial paper or short-term rating of at least P-2); and (B) with respect to S&P, a long-term senior unsecured debt rating, counterparty rating, financial program rating or certificate of deposit rating of at least A or a financial strength rating of at least A (or, in the event that S&P does not provide the long-term or other types of ratings referred to above with respect to the Trust or the Trust's Credit Support Provider, a commercial paper rating or short-term rating of A-2).