Qualified Maturity Agreement Institution means a counterparty having short-term debt ratings of no less than “P-1/A-1+” by Moody’s and Standard & Poor’s, respectively, or long-term unsecured ratings of no less than “Aa3” by Moody’s and “AA–” by Standard & Poor’s, or otherwise satisfies the Series Rating Agency Condition.
Qualified Maturity Agreement Institution means a counterparty having short-term debt ratings of no less than "P-1/A-1+" by Moody's and Standard & Poor's, respectively, or long-term unsecured ratings of no less than "Aa3" by Moody's and "AA - " by Standard & Poor's.
Qualified Maturity Agreement Institution means a counterparty having short-term debt ratings of no less than [“P-1/A-1+” by Moody’s and Standard & Poor’s, respectively, or long-term unsecured ratings of no less than “Aa3” by Moody’s and “AA–” by Standard & Poor’s.]
Examples of Qualified Maturity Agreement Institution in a sentence
In the event that the provider of a Qualified Maturity Agreement ceases to qualify as a Qualified Maturity Agreement Institution, Servicer shall use its best efforts to obtain a substitute Qualified Maturity Agreement which satisfies the Series Rating Agency Condition, unless a substitute Qualified Maturity Agreement is not required for any of the reasons listed in this paragraph (c) of this Section 4.14.
More Definitions of Qualified Maturity Agreement Institution
Qualified Maturity Agreement Institution means a counterparty having short-term debt ratings of no less than “P-1/A-1+” by Xxxxx’x and Standard & Poor’s, respectively, or long-term unsecured ratings of no less than “Aa3” by Xxxxx’x and “AA–” by Standard & Poor’s, or otherwise satisfies the Series Rating Agency Condition.