Rated Securities definition

Rated Securities means each Class of Securities that has been rated by one or both Rating Agencies at the request of the Seller.

Rated Securities has the meaning set forth in the Titling Trust Agreement.

Rated Securities means the Notes, if at any time and for so long as they shall have a rating from a Rating Agency, and otherwise any other unsecured and unsubordinated debt of the Issuer having an initial maturity of five years or more which is rated by a Rating Agency;

Examples of Rated Securities in a sentence

• Therefore, to that extent, references in the SUBI Trust Agreement to the ability of a “Holder,” “Related Beneficiary,” or a “Registered Pledgee” of a SUBI Certificate to take any action shall be deemed to refer to the Issuing Entity acting at its own instigation or upon the instruction of the requisite voting percentage of holders of Securities or Rated Securities, as specified in the Indenture or the Trust Agreement, as applicable.

• This Guarantee is given solely for the benefit of, and is enforceable only by, the Beneficiary or any trustee as assignee of the Beneficiary to which this Guarantee has been validly assigned in accordance with applicable law and who is acting as trustee for the investors in the Rated Securities.

• The Trustee is entitled to enter into business transactions with the Issuer and any entity related to the Issuer without accounting for any profits.The Trustee has no responsibility for the maintenance of any rating assigned to the Rated Securities by any person.

• When voting on matters subject to the vote of the Board of Directors, notwithstanding whether the Corporation is not then insolvent in either the balance sheet or equity sense, each Independent Director shall take into account the interests of the creditors of the Corporation, including, but not limited to, the interests of all holders of Rated Securities.

• Therefore, to that extent, references in the SUBI Trust Agreement to the ability of a "Holder," "Related Beneficiary," or a "Registered Pledgee" of a SUBI Certificate to take any action shall be deemed to refer to the Trust acting at its own instigation or upon the instruction of the requisite voting percentage of holders of Securities or Rated Securities, as specified in the Indenture or the Trust Agreement, as applicable.

More Definitions of Rated Securities

Rated Securities means the securities issued by a rated entity that are the subject of a credit rating issued by a designated rating organization;

Rated Securities means the Notes, if at any time and for so long as they have a rating from a Rating Agency, and otherwise any other unsecured and unsubordinated debt of the Issuer (or of any Subsidiary of the Issuer and which is guaranteed on an unsecured and unsubordinated basis by the Issuer) having an initial maturity of five years or more which is rated by a Rating Agency.

Rated Securities means (a) the Instruments or (b) such other comparable unsecured and unsubordinated debt of NGET (or of any Subsidiary of NGET and which is guaranteed on an unsecured and unsubordinated basis by NGET) having an initial maturity of five years or more selected by NGET from time to time for the purpose of this definition with the approval of the Trustee and which possesses an investment grade rating (BBB-/Baa3, or their respective equivalents for the time being, or better) by any Rating Agency (whether at the invitation of NGET or by its own volition);

Rated Securities means the Notes so long as they shall have an effective long-term credit rating from any Rating Agency and otherwise any unsecured and unsubordinated debt of the Issuer which has a long-term credit rating from one of the Rating Agencies;

Rated Securities means, at any time, the long-term senior unsecured, unguaranteed debt securities of the Borrower outstanding at such time.

Rated Securities means the Notes, if and for so long as they shall have an effective rating from a Rating Agency and otherwise any Rateable Debt which is rated by a Rating Agency;

Rated Securities means the Notes so long as they shall have an effective rating which was solicited by the Issuer from any Rating Agency and otherwise any unsecured and unsubordinated debt of the Issuer (or any subsidiary of the Issuer which is guaranteed on an unsecured and unsubordinated basis by the Issuer) having an initial maturity of five years or more which is rated by one of the Rating Agencies at the invitation of the Issuer;