Rating Agency definition
Examples of Rating Agency in a sentence
Upon any resignation by such firm or removal of such firm by the Issuer, the Issuer (or the Collateral Manager on behalf of the Issuer) shall promptly appoint by Issuer Order delivered to the Collateral Trustee and the Rating Agency a successor thereto that shall also be a firm of Independent certified public accountants of recognized international reputation, which may be a firm of Independent certified public accountants that performs accounting services for the Issuer or the Collateral Manager.
The Asset Manager may be removed for cause, on the 20th day after the date on which the Issuer or the Collateral Trustee, at the direction of a Supermajority of each Class of Debt (voting separately), delivers written notice, setting forth the cause of such removal, to the Asset Manager and the Rating Agency; provided, however, the Asset Manager shall have the opportunity to cure or remove the breach, event or other circumstances giving rise to such cause set forth in such removal notice.
An Officer’s certificate of the Issuer to the effect that attached thereto is a true and correct copy of a letter signed by the Rating Agency then rating a Class of Secured Debt and confirming that each Class of Secured Debt has been assigned the applicable Initial Rating and that such ratings are in effect on the ClosingFirst Refinancing Date.
A notice of redemption will be given by email, if available, and by first-class mail, postage prepaid, mailed not later than tenfive (105 ) Business Days prior to the applicable Redemption Date, to each Holder of Securities, at such Holder’s address in Register (and, in the case of Global Notes, delivered by electronic transmission to DTC), the Loan Register or the Share Register, as applicable, and the Rating Agency.
This Agreement may not be modified or amended other than (i) by an agreement in writing executed by the parties hereto, and (ii) in respect of a modification or amendment which would, in the commercially reasonable judgment of the Asset Manager, have a material adverse effect on any Class of Rated Debt, if the consent of a Majority of the Controlling Class and Rating Agency Confirmation for such amendment or modification have been received.