Minimum Ratings definition

Minimum Ratings means, with respect to any Loan Asset, a rating of CCC by S&P and Caa2 by Moody’s.
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Minimum Ratings. As defined in Section 8.5(d).
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Minimum Ratings shall have the meaning set forth in Section 7.4.
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Examples of Minimum Ratings in a sentence

  • If any transferee of Party A’s rights and obligations under sub-paragraph (i)(B) or any guarantor of Party A’s rights and obligations under sub-paragraph (i)(C) does not have the Minimum Ratings, such transferee or guarantor shall transfer credit support in accordance with the provisions of the ISDA Credit Support Annex with effect from the date of appointment of such transferee or guarantor.

  • Minimum Ratings Unit Type(3 TR/1200 CFM)o Foro Manufacturero Offered Tonnage / CFM ratingo Model Type/Tag No.o Actual Capacity (TR) atHI Speed.

  • The Pre-Maturity Test will only apply to each Series of HB Covered Bonds and is intended to procure liquidity for the CBC in respect of principal due on the Final Maturity Date of such Series of HB Covered Bonds in case the ratings of the Issuer fall below the Pre-Maturity Minimum Ratings.

  • Pre Maturity Minimum Ratings P-1 A(low)(1) N/A Following a breach of the Pre-Maturity Test in respect of a Series of Hard Bullet Covered Bonds, and unless the Pre-Maturity Ledger is otherwise funded from other sources, the Partnership shall offer to sell Randomly Selected Loans if the Final Maturity Date is within twelve months from the Pre-Maturity Test Date.

  • If any transferee of Party A’s rights and obligations under sub‑paragraph (i)(B) or any guarantor of Party A’s rights and obligations under sub‑paragraph (i)(C) does not have the Minimum Ratings, such transferee or guarantor shall transfer credit support in accordance with the provisions of the ISDA Credit Support Annex with effect from the date of appointment of such transferee or guarantor.

  • This commingling risk is mitigated by the fact that if at any time the Account Bank is assigned a rating of less than the Required Minimum Ratings or its rating is withdrawn, the Issuer will be required within sixty (60) calendar days to transfer the balance of the relevant Transaction Accounts to an alternative bank with the Required Minimum Rating or to obtain a third party, acceptable to the Rating Agency, to guarantee the obligations of the Account Bank.

  • In this respect, it should be noted that the Account Bank is required to have certain Minimum Ratings (see "Summary of the Principal Transaction Documents – Account Agreement") and that, if the Account Bank is downgraded below such Minimum Ratings, the Issuer will have an obligation to find a substitute account bank with the requisite rating and move the Accounts to such bank or to enter into a guarantee with another bank with the requisite rating.

  • Notwithstanding the foregoing, in the event that any Porch Group Member does not appoint and utilize Aon Re as an exclusive reinsurance broker, purchase reinsurance or maintain Minimum Ratings as provided in this Agreement, then the sole and exclusive remedy available to Aon shall be a refund by Porch of Aon Payments paid to Porch and its Affiliates and the Relationship Dividend as set out in Section 2.04(c).

  • In the event that Alpharma's or the Company's long-term debt securities are rated below B3 (stable)/B (stable) (the "Minimum Ratings"), Alpharma will have 60 days from the announcement of such rating to take such actions as shall be necessary to achieve ratings of the Notes at least equal to the Minimum Ratings.

  • If DBRS withdraws the DBRS Rating of the Account Bank, reference will be made solely to Fitch Required Minimum Ratings, and such withdrawal by DBRS will not constitute a breach of the DBRS Required Minimum Rating and will not trigger an obligation to transfer, or procure a guarantee in respect of, the Issuer Collection Account and a guarantee in respect of the obligations of the Account Bank (as the case may be) in accordance with the Account Bank Agreement.


More Definitions of Minimum Ratings

Minimum Ratings means, with respect to the unsecured and unsubordinated debt obligations of a Swap Counterparty (or, if applicable, its Credit Support Provider):
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Minimum Ratings means a corporate credit rating of the Borrower of (a) B or better by S&P and (b) B2 or better by Xxxxx’x, in each case with at least a stable outlook.” [[NYCORP:2687405v2:4454W:03/05/07--03:39 p]]
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Minimum Ratings means, with respect to any DSR Letter of Credit --------------- Provider for any Senior Debt, the long-term senior unsecured debt ratings specified or referred to in the definition of the term "DSR Letter of Credit Provider" applicable to such Senior Debt.
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Minimum Ratings means (i) with respect to a Broadly Syndicated Loan Asset, a rating of B- by S&P and B3 by Moody’s, and (ii) with respect to any Loan Asset that is not a Broadly Syndicated Loan Asset, a rating of CCC by S&P and Caa2 by Moody’s.Demand Amount” has the meaning specified in clause (i) of the definition of “Servicer Termination Event” in this Section 1.01(b).
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Minimum Ratings means, with respect to any Portfolio Investment, a facility rating of (a) CCC by S&P or Caa2 by Moody’s (and if a facility rating is provided by both S&P and Moody’s and they are different, the lower facility rating shall be utilized) or (b) Caa2 by the application of RiskCalc.
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Minimum Ratings means, with respect to any Loan Asset, a rating of CCC by S&P and Caa2 by Moody’s. “Moody’s” means Moody’s Investors Service, Inc. (or its successors in interest).
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Related to Minimum Ratings

  • Mxxxx’x Rating means, with respect to a Reference Obligation, as of any date of determination:

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

  • Minimum Rate With respect to each ARM Loan, the rate per annum set forth in the related Mortgage Note as the minimum Note Rate thereunder. The Minimum Rate as to each ARM Loan is set forth on the related Mortgage Loan Schedule.

  • Credit Rating means the rating assigned by a Rating Agency to the senior unsecured long term Indebtedness of a Person.

  • 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.

  • Minimum Rate Period means any Rate Period consisting of 7 Rate Period Days.

  • Investment Grade Credit Rating means (a) with respect to Fitch, a credit rating of BBB- or higher, (b) with respect to Xxxxx’x, a credit rating of Baa3 or higher and (c) with respect to S&P, a credit rating of BBB- or higher.

  • Highest Rating Category means, with respect to a Permitted Investment, that the Permitted Investment is rated by S&P or Moody’s in the highest rating category given by that rating agency for that general category of security. By way of example, the Highest Rating Category for tax exempt municipal debt established by S&P is “A 1+” for debt with a term of one year or less and “AAA” for a term greater than one year, with corresponding ratings by Moody’s of “MIG 1” (for fixed rate) or “VMIG 1” (for variable rate) for three months or less and “Aaa” for greater than three months. If at any time (i) both S&P and Moody’s rate a Permitted Investment and (ii) one of those ratings is below the Highest Rating Category, then such Permitted Investment will, nevertheless, be deemed to be rated in the Highest Rating Category if the lower rating is no more than one rating category below the highest rating category of that rating agency. For example, a Permitted Investment rated “AAA” by S&P and “Aa3” by Moody’s is rated in the Highest Rating Category. If, however, the lower rating is more than one full rating category below the Highest Rating Category of that Rating Agency, then the Permitted Investment will be deemed to be rated below the Highest Rating Category. For example, a Permitted Investment rated “AAA” by S&P and “A1” by Moody’s is not rated in the Highest Rating Category.

  • Investment Grade Ratings means a rating equal to or higher than Baa3 (or the equivalent) by Moody’s and BBB- (or the equivalent) by S&P, provided that no negative watch is placed on such rating.

  • Threshold Rating means the short-term unsecured debt rating of P-1 by Moody's and A-1 by Standard & Poor's.

  • Aa3 by Moody's or are rated "Aa3" by Moody's and such rating is on watch for possible downgrade (but only for so long as it is on watch for possible downgrade), or (C) either (i) the unsecured, short-term debt obligations of Party A (or its Credit Support Provider) are rated below "A-1" by S&P or (ii) if Party A (or its Credit Support Provider) does not have a short-term rating from S&P, the unsecured, long-term senior debt obligations of Party A (or its Credit Support Provider) are rated below "A+" by S&P (such event, a "Collateralization Event"), then, Party A, at its own cost and subject to the Rating Agency Condition, shall within 30 days either (i) cause another entity to replace Party A as party to this Agreement that satisfies the Swap Counterparty Ratings Requirement and that is approved by the Trustee (which approval shall not be unreasonably withheld) on terms substantially similar to this Agreement; (ii) obtain a guaranty of, or a contingent agreement of another person that satisfies the Swap Counterparty Ratings Requirement, to honor Party A's obligations under this Agreement, provided that such other person is approved by the Trustee such approval not to be unreasonably withheld; (iii) post collateral in accordance with a Credit Support Annex which satisfies the Rating Agency Condition; or (iv) establish any other arrangement satisfactory to the applicable Swap Rating Agency which will be sufficient to restore the immediately prior ratings of the Swap Certificates (determined without regard to any financial guaranty insurance policy, if applicable). All collateral posted by Party A shall be returned to Party A immediately upon Party A securing a substitute counterparty that satisfies the Swap Counterparty Ratings Requirement.

  • S&P Global Ratings means S&P Global Ratings, a division of S&P Global.

  • Required Ratings [Ratings] Closing Date, Location and Time: ___________ ___, 20___; offices of Cadwalader, Wickersham & Taft, LLP, Xxx Xxxx, New Xxxk; 10:00 a.m. New York City time. Purchase Price for the Offered Certificates: Class Percent of Initial Aggregate ----- Principal Balance -------------------------------- Class A % Classes B-1, B-2 and B-3 % In eaxx xxxx, as offered and sold pursuant to this Terms Agreement, plus accrued interest, if applicable, thereon. Notwithstanding any other provision of the above-referenced Underwriting Agreement, all references to the Registration Statement in the Underwriting Agreement shall be with reference to File No. _________. Subject to the terms and conditions and in reliance upon the representations and warranties set forth in the above-referenced Underwriting Agreement (which is incorporated herein in its entirety and made a part hereof) as supplemented by this Terms Agreement, the Seller agrees to sell to the Underwriter, and the Underwriter agrees to purchase from the Seller, the Offered Certificates. The Underwriter has been retained solely to act as underwriter in connection with the sale of the Offered Certificates to investors (including the establishment of the price of the Offered Certificates to investors), and no fiduciary, advisory or agency relationship between Seller and the Underwriter has been created in respect of any of the transactions contemplated by this Terms Agreement, irrespective of whether the Underwriter has advised or is advising Seller on other matters. * * * If the foregoing is in accordance with your understanding of our agreement, please sign and return to the undersigned a counterpart hereof, whereupon this letter and your acceptance shall represent a binding agreement by and among the Seller, Wells Fargo Bank, N.A. and the Underwriter. Very truly yours, WELLS FARGO ASSET SECURITIES XORPORATION By: ---------------------------- Name: Title: WELLS FARGO BANK, N.A. By: ---------------------------- Name: Title: The foregoing Terms Agreement is hereby confirmed and accepted as of the date first above written. HSBC SECURITIES (USA) INC. By: ---------------------------------- Name: Title: Exhibit B SUPPLEMENTAL INFORMATION With respect to any investor, "Supplemental Information" means any of the following types of information, to the extent omitted from the Issuer Free Writing Prospectus:

  • Moody’s Rating means, at any time, the rating issued by Moody's and xxxx xx effect with respect to the Borrower's senior unsexxxxx xong-term debt securities without third-party credit enhancement.

  • Investment Grade Rating Date means the date on which the Borrower first obtains an Investment Grade Rating.

  • Long-Term Rating has the meaning specified in the Intercreditor Agreement.

  • Nameplate Capacity Rating means the maximum capacity of the Facility as stated by the manufacturer, expressed in kW, which shall not exceed 10,000 kW.

  • Investment Grade Rating means a rating equal to or higher than Baa3 (or the equivalent) by Moody’s and BBB- (or the equivalent) by S&P, or an equivalent rating by any other Rating Agency.

  • Debt Ratings has the meaning specified in the definition of “Applicable Rate.”

  • Maximum Rate Cap Any of the Class A-1 Maximum Rate Cap, the Class A-2 Maximum Rate Cap or the Weighted Average Maximum Rate Cap.

  • Moody’s Second Trigger Ratings Threshold means, with respect to Party A, the guarantor under an Eligible Guarantee or an Eligible Replacement, (i) if such entity has a short-term unsecured and unsubordinated debt rating from Moody’s, a long-term unsecured and unsubordinated debt rating or counterparty rating from Moody’s of “A3” and a short-term unsecured and unsubordinated debt rating from Moody’s of “Prime-2”, or (ii) if such entity does not have a short-term unsecured and unsubordinated debt rating from Moody’s, a long-term unsecured and unsubordinated debt rating or counterparty rating from Moody’s of “A3”.

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

  • Moody s” means Moody’s Investors Service, Inc.

  • 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.

  • Index Debt Rating means the S&P Rating, the Xxxxx’x Rating and the Fitch Rating.

  • Investment Grade means a rating of Baa3 or better by Moody’s (or its equivalent under any successor rating categories of Moody’s); a rating of BBB- or better by S&P (or its equivalent under any successor rating categories of S&P); and the equivalent investment grade credit rating from any additional Rating Agency or Rating Agencies selected by the Company.