Morningstar DBRS definition

Morningstar DBRS means DBRS, Inc., and its successors in interest.

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Morningstar DBRS. DBRS, Inc., and its successors in interest. If neither Morningstar DBRS nor any successor remains in existence, “Morningstar DBRS” shall be deemed to refer to such other nationally recognized statistical rating agency or other comparable Person reasonably designated by the Depositor, notice of which designation shall be given to the Trustee, the Certificate Administrator, the Master Servicer, the Directing Certificateholder and the Special Servicer and specific ratings of Morningstar DBRS herein referenced shall be deemed to refer to the equivalent ratings of the party so designated.

Morningstar DBRS means DBRS, Inc., or any successor that is a nationally recognized statistical rating organization.

Examples of Morningstar DBRS in a sentence

In lieu of the foregoing, but subject to this Section 3.11, the Servicer and the Special Servicer shall be entitled to self-insure with respect to such risks so long as the long term debt obligations or deposits of the Servicer or the Special Servicer, as applicable (or its immediate or remote parent) are rated at least “A (low)” by Morningstar DBRS (to the extent rated by Morningstar DBRS) (or such other rating as to which a Rating Agency Confirmation has been obtained).
In lieu of the foregoing, the Certificate Administrator shall be entitled to self-insure with respect to such risks so long as the unsecured long-term debt or issuer credit rating of the Certificate Administrator is rated at least “A(low)” or its equivalent by Morningstar DBRS (or, if not rated by Morningstar DBRS, then the equivalent rating by two other NRSROs).

More Definitions of Morningstar DBRS

Morningstar DBRS means DBRS Limited.

Morningstar DBRS means DBRS Limited (DBRS Morningstar) and any successor to its rating agency business.

Morningstar DBRS means DBRS, Inc. and its successor in interest.

Morningstar DBRS means DBRS Limited, or its successor;

Morningstar DBRS means DBRS Limited. “Moody’s” means Moody’s Investor Service. “NCIB” means normal course issuer bid.

Morningstar DBRS means DBRS, Inc. “Mortgage” means a mortgage, deed of trust or deed to secure debt, as applicable, for each Property or for multiple Properties located within the same county or parish, dated as of the Closing Date (or, in connection with a Property which is a Substitute Property, dated as of the Substitution Date), executed and delivered by Borrower, constituting a Lien or security title on the Improvements and the Property or Properties, as applicable, as Collateral for the Loan, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time. “Mortgage Documents” means the Mortgages, the Assignments of Leases and Rents and the Fixture Filings. “Multiemployer Plan” means a “multiemployer plan” within the meaning of Section 414(f) of the Code or Section 3(37) of ERISA to which contributions are required to be made by any Loan Party or any of its ERISA Affiliates or to which any such entity has any liability. “Net Assets” means, with respect to any Person, the difference between (i) the fair market value of such Person’s assets and (ii) such Person’s liabilities determined in accordance with GAAP, but without deducting for depreciation with respect to any real estate assets. “Net Proceeds” means (i) the net amount of all insurance proceeds received by Lender pursuant to Section 5.1.1

Morningstar DBRS means DBRS Limited, which was acquired by Morningstar, Inc. on July 2, 2019; “MoveUP” means Canadian Office and Professional Employees Union Local 378, which operates as MoveUP; “NGTL” means NOVA Gas Transmission Ltd., a subsidiary of TC Energy Corporation;