Nationally Recognized Rating Agency definition
Examples of Nationally Recognized Rating Agency in a sentence
Notwithstanding the foregoing, the transfer restrictions of this Section 2.11 as to a series of Bonds shall no longer apply upon the Borrower’s, the Issuer’s and the Trustee’s receipt of evidence of a current rating of the related series of Bonds of “A” or higher by a Nationally Recognized Rating Agency.
The Borrower shall, commencing 2in021, no later than the last Business Day of June of each year during the term of the LToIFaInA, at no cost to the TIFIA Lender, provide to the TIFIA Lender a public rating on the TIFLIAoan by a Nationally Recognized Rating Agency, together with the rating report or letter delivered by such Nationally Recognized Rating Agency in connection weitahchsuch rating, in each case preparedeanrolier than June 1 of such year.
The Borrower shall, commencing in 2018, no later than the last Business Day of June of each year during the term of the TIFIA Bond, at no cost to the TIFIA Lender, provide to the TIFIA Lender a public rating on the Senior Obligations and on the TIFIA Bond by a Nationally Recognized Rating Agency, together with the rating report or letter delivered by such Nationally Recognized Rating Agency in connection with each such rating, in each case prepared no earlier than June 1 of such year.
The Borrower shall, [commencing in 20[__]], no later than the last Business Day of June of each year during the term of the TIFIA Bond, at no cost to the TIFIA Lender, provide to the TIFIA Lender a public rating on the Senior Obligations and on the TIFIA Bond by a Nationally Recognized Rating Agency, together with the rating report or letter delivered by such Nationally Recognized Rating Agency in connection with each such rating, in each case prepared no earlier than June 1 of such year.
Notice of any amendment pursuant to this Section 601 shall be sent to each Nationally Recognized Rating Agency then maintaining a rating on the affected Bonds and any Bond Insurer of record.