Public Rating definition
Examples of Public Rating in a sentence
The aggregate of the USD Equivalent of the respective Traded Book Values of all Reference Obligations that have no Public Rating but which are Highly Liquid Obligations then comprised in the Portfolio shall not exceed 10% of the Limit Value.
If subsequent to the relevant Addition Date, a Reference Obligation that has no Public Rating but which is a Highly Liquid Obligation that was included in the Portfolio on such Addition Date ceases to be a Highly Liquid Obligation, such Reference Obligation shall be included in the determination of the Weighted Average Rating Factor.
For purposes of determining the Weighted Average Rating Factor on any date, Reference Obligations which were included in the Portfolio on the relevant Addition Date that have no Public Rating but which are Highly Liquid Obligations shall not be included in such determination.
This Guaranty is irrevocable and will remain in full force and effect until the earlier of (a) the payment in full of the Obligations and all amounts payable hereunder and the termination of all of the agreements relating to the Obligations or (b) the Raizen Initial Public Rating Date.