Qualified Rating Agency definition

Qualified Rating Agency means Moody's or Standard & Poors, or any other rating agency from time to time approved by Lenders in writing as a Qualified Rating Agency.
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Qualified Rating Agency means Moody’s, S&P or, unless and until Borrower makes the election provided for in Section 7.21(b), Fitch.
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Qualified Rating Agency means Moody's or S&P.
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Examples of Qualified Rating Agency in a sentence

  • The Margin, for purposes of calculating the LIBOR Rate, shall be equal to the amount set forth in the table below: Published Debt Rating Margin Less than BBB- / Baa3 or unrated by a Qualified Rating Agency 150 Equal to BBB- / Baa3 110 Equal to or greater than BBB / Baa2 100 If more than one rating is obtained, the highest rating from a Qualified Rating Agency will be used for purposes of determining the Margin.

  • However, if the Borrower receives a BBB/Baa3 rating from a Qualified Rating Agency, then the Investments Covenant shall be increased to twenty percent (20%).

  • Within two (2) Business Days after any Qualified Rating Agency announces a change in Hovnanian’s Debt Rating, notice of such change.

  • If the Company desires to obtain a Qualified Ratings from an agency which is not a Qualified Rating Agency as of the Fourth Amendment Effective Date, the Company must obtain the approval by the Required Majority of Banks of such agency pursuant to Section 5.01(ff)(2) below before the Company requests such a rating.

  • The Company shall at all times have received at least one Qualified Rating of the Company's Senior Indebtedness or the Indebtedness under the Agreement or any Indebtedness senior to the Subordinated Indebtedness from at least one Qualified Rating Agency, and the Company shall have contracted with at least one such Qualified Rating Agency for the periodic modification and updating of such Qualified Ratings.

  • If such rating changes or such Debt is no longer rated by a Qualified Rating Agency at any time, Credit Parties must notify Lenders within two (2) Business Days of such change, and the Margin shall be recalculated and shall be effective two (2) days after such change in ratings.

  • Fourth Level Debt Rating shall mean a Company Debt Rating of (i) BB or lower if the rating is provided by Standard & Poor's, (ii) Ba2 or lower if the rating is provided by Moody's, or (iii) equivalent to or lower than a BB rating by Standard & Poor's or a Ba2 by Moody's if the rating is provided by a Qualified Rating Agency other than Standard & Poor's or Moody's.

  • However, if the Company receives a BBB/Baa3 rating from a Qualified Rating Agency, then the Investments Covenant shall be increased to twenty percent (20%).

  • First Level Debt Rating shall mean a Company Debt Rating of (i) BBB or higher if the rating is provided by Standard & Poor's, (ii) Baa2 or higher if the rating is provided by Moody's or (iii) equivalent to or higher than a BBB rating by Standard & Poor's or Baa2 by Moody's if the rating is provided by a Qualified Rating Agency other than Standard & Poor's or Moody's.

  • The Company shall at all times have received at least two Qualified Ratings of the Company's Senior Indebtedness or the Indebtedness under the Agreement or any Indebtedness senior to the Subordinated Indebtedness from at least two Qualified Rating Agencies, at least one of which shall be either Moody's or Standard & Poor's, and the Company shall have contracted with each such Qualified Rating Agency for the periodic modification and updating of such Qualified Ratings.


More Definitions of Qualified Rating Agency

Qualified Rating Agency means Xxxxx’x, Standard & Poor’s or Fitch. Qualified Real Property shall mean, with respect to any Loan Party, all real property that is owned solely by such Person which is in Mortgage Condition and for which (a) the Agent shall have received an Acceptable Appraisal (the fees and expenses associated with such Acceptable Appraisal to be paid by the Borrower in accordance with the terms of this Agreement), (b) the Agent shall be satisfied that all actions necessary in order to create a perfected first priority Lien on such real property (subject only to Limited Permitted Liens) have been taken, including, the filing and recording of a Mortgage with respect to such real property, (c) the Agent shall have received an environmental assessment report, in form and substance reasonably satisfactory to the Agent from an environmental consulting firm reasonably satisfactory to the Agent, and (d) such real property and all improvements thereon are covered by such insurance as is required by Section 7.1.3, and Agent on behalf of the Lenders is subject to the benefits of such insurance in a manner reasonably satisfactory to Agent. Ratable Share shall mean so long as any Commitments are outstanding the proportion that a Lender’s Commitment (excluding the Swing Loan Commitment) bears to the Commitments (excluding the Swing Loan Commitment) of all of the Lenders and after all Commitments have been terminated, the proportion that a Lender’s Revolving Credit Loans outstanding bears to all Revolving Credit Loans outstanding of all of the Lenders. Regulated Substances shall mean any substance, material or waste defined under Environmental Laws as a “hazardous substance,” “pollutant,” “pollution,” “contaminant,” “hazardous or toxic substance,” “extremely hazardous substance,” “toxic chemical,” “toxic substance,” “toxic waste,” “hazardous waste,” “special handling waste,” “industrial waste,” “residual waste,” “solid waste,” “municipal waste,” “mixed waste,” “infectious waste,” “chemotherapeutic waste,” “medical waste,” or “regulated substance” or any other material, substance or waste which otherwise is regulated by Environmental Laws. Regulation U shall mean Regulation U, T or X as promulgated by the Board of Governors of the Federal Reserve System, as amended from time to time. Reimbursement Obligation shall mean the obligation of the Borrower to reimburse a Letter of Credit Lender for draws under a Letter of Credit issued by such Lender under this Agreement, except to the e...
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Qualified Rating Agency means D&P, Fitch, Moody's, S&P or another nationally recognized credit rating agency of similar standing if none of the aforementioned rating agencies are in the business of rating the investment or indebtedness, as the case may be, in question.
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Qualified Rating Agency means Duff & Pxxxxx Credit Rating Co., Fitch Investors Service L.P., Mxxxx'x Investors Service, Inc., Standard & Poor's Rating Group or another nationally recognized credit rating agency of similar standing if none of the aforementioned rating agencies are in the business of rating the investment or indebtedness, as the case may be, in question.
Sample 1
Qualified Rating Agency means Xxxxx'x, Standard & Poor's, the other agencies listed on Schedule 1.01(Q) or any other nationally recognized rating agency which is qualified to perform a public rating of the Company's Senior Indebtedness and which is approved by a Required Majority of the Banks pursuant to Section 5.01(ff). Schedule 1.01 shall be revised at all times to reflect the list of Qualified Rating Agencies then in existence.
Sample 1
Qualified Rating Agency means Fitch, Inc., Xxxxx'x Investors Service, Inc., Standard & Poor's Rating Group, Thomson Financial Bank Watch or another nationally recognized credit rating agency of similar standing if none of the aforementioned rating agencies are in the business of rating the Investment or indebtedness, as the case may be, in question.
Sample 1

Related to Qualified Rating Agency

  • Specified Rating Agencies means each of Moody’s, S&P and DBRS as long as, in each case, it has not ceased to rate the Notes or failed to make a rating of the Notes publicly available for reasons outside of the Issuer’s control; provided that if one or more of Moody’s, S&P or DBRS ceases to rate the Notes or fails to make a rating of the Notes publicly available for reasons outside of the Issuer’s control, the Issuer may select any other “designated rating organization” within the meaning of National Instrument 41-101 of the Canadian Securities Administrators as a replacement agency for such one or more of them, as the case may be.

  • Substitute Rating Agency means a “nationally recognized statistical rating organization” within the meaning of Section 3(a)(62) under the Exchange Act selected by the Company (as certified by a resolution of the Board of Directors of the Company).

  • Note Rating Agency means, with respect to any Outstanding Series, Class or Tranche of Notes, each statistical note rating agency selected by the Issuer to rate such Notes.

  • 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.

  • Other Rating Agency means each NRSRO, if any, other than Fitch then providing a rating for the VMTP Shares pursuant to the request of the Fund.

  • Other Rating Agency Eligible Assets means assets of the Company designated by any Other Rating Agency as eligible for inclusion in calculating the Agency Discounted Value of the Company’s assets in connection with such Other Rating Agency’s rating of any series of MRP Shares.

  • Specified Rating means, for the Class A(2017-2) Notes, Aaa(sf) with respect to Xxxxx’x, AAA(sf) with respect to Standard & Poor’s and AAAsf with respect to Fitch.

  • Rating Agency or Rating Agencies S&P, Xxxxx’x and Fitch or their successors. If such agencies or their successors are no longer in existence, “Rating Agencies” shall be such nationally recognized statistical rating agencies, or other comparable Persons, designated by the Depositor, notice of which designation shall be given to the Trustee and the Servicer.

  • Required Ratings [Ratings] Closing Date, Location and Time: ___________ ___, 20___; offices of Cadwalader, Wickersham & Taft, LLP, New Xxxx, Xxx Yorx; 00:00 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. COUNTRYWIDE SECURITIES CORPORATION By: ----------------------------------- Name: Title: 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:

  • Required Rating means, in the case of Moody's, the rating assigned to the Underlying Securities by Moody's as of the Closing Date, and, in the case of S&P, the rating assigned to the Underlying Securities by S&P as of the Closing Date.

  • Nationally Recognized Rating Agency means any nationally recognized statistical rating organization identified as such by the Securities and Exchange Commission.

  • Liquidity Provider Ratings Event means the Liquidity Provider shall fail to maintain at any time short-term debt ratings in one of the two highest rating categories from the Requisite NRSROs.

  • Rating Agency means only those rating agencies that are engaged from time to time to rate the securities issued in connection with the Securitizations of the Notes.

  • Designated Rating means, for a security or instrument, a rating issued by a designated rating organization, or its DRO affiliate, that is at or above one of the following rating categories, or that is at or above a category that replaces one of the following rating categories, if

  • Companion Loan Rating Agency With respect to any Serviced Companion Loan, any rating agency that was engaged by a participant in the securitization of such Serviced Companion Loan to assign a rating to the related Serviced Companion Loan Securities.

  • approved rating means, for a security, a rating at or above one of the following rating categories issued by an approved rating organization for the security or a rating category that replaces a category listed below:

  • Moody’s means Xxxxx’x Investors Service, Inc. and any successor thereto.

  • 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.

  • 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.

  • 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”.

  • Approved Ratings Threshold means each of the S&P Approved Ratings Threshold and the Moody’s First Trigger Ratings Threshold.

  • Rating Agency Event means that any nationally recognized statistical rating organization within the meaning of Section 3(a)(62) of the Exchange Act that then publishes a rating for the Company (a “rating agency”) amends, clarifies or changes the criteria it uses to assign equity credit to securities such as the Notes, which amendment, clarification or change results in:

  • Required Ratings Threshold means each of the S&P Required Ratings Threshold and the Moody’s Second Trigger Ratings Threshold.

  • Rating Date means the date which is 90 days prior to the earlier of (i) a Change in Control and (ii) public notice of the occurrence of a Change in Control or of the intention of the Company to effect a Change in Control.

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

  • Moody’s First 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 “A2” and a short-term unsecured and unsubordinated debt rating from Moody’s of “Prime-1”, or (ii) if such entity does not have a short-term unsecured and unsubordinated debt rating or counterparty rating from Moody’s, a long-term unsecured and unsubordinated debt rating or counterparty rating from Moody’s of “A1”.