Rating Agency Affirmation definition

Rating Agency Affirmation means, with respect to any action that is specified to be subject to Rating Agency Affirmation in the Conditions or any Transaction Document, the prior affirmation from each Rating Agency, in the form (if any) specified for such purpose by such Rating Agency in accordance with any applicable internal requirements of such Rating Agency, that the then current rating of the Notes will not be adversely affected or withdrawn as a result of such action being undertaken, provided that it is the then current policy of such Rating Agency to either affirm or disaffirm the relevant type of action prior to such action being taken.

Rating Agency Affirmation means, for so long as any Senior Notes are rated by one or more Rating Agency, with respect to any specified action, determination or appointment, receipt by the Issuer (and sent to the Issuer Security Trustee and the Transaction Agent) of written confirmation (or such other method of confirmation which may be agreed from time to time with the relevant Rating Agency) from the relevant Rating Agency that such specified action, determination or appointment will not result in the reduction, or withdrawal, of the ratings then assigned to the Senior Notes.

Rating Agency Affirmation means, with respect to any specified action or determination, receipt of written affirmation from Fitch that such specified action or determination will not have an adverse effect on, or result in a reduction of, its then current rating of the Note.

Examples of Rating Agency Affirmation in a sentence

• Under the Trust Deed, the Issuer shall use all reasonable endeavours to procure the substitution as principal debtor under the Trust Deed and the Notes, the Receipts, the Coupons and the Talons of a company incorporated in some other jurisdiction if a Tax Substitution Event occurs, subject to the approval of the Swap Counterparty and provided that Rating Agency Affirmation has been received at the time of substitution from each Rating Agency.

• Nothing can be attached in any way to or on the ceiling, or to fire sprinkler heads where that equipment is provided.

• In the case of such a substitution the Trustee may agree,without the consent of the Noteholders or the Couponholders, to a change of the law governing the Notes, the Receipts, the Coupons, the Talons and/or the Trust Deed provided that such change would not in the opinion of the Trustee be materially prejudicial to the interests of the Noteholders and that Rating Agency Affirmation has been received at the time of such change from each Rating Agency.

• To the extent required by any Securitization Servicing Agreement with respect to the transfer thereof to the Purchaser as set forth herein, all Rating Agency Affirmation Letters shall have been obtained.

• Under the Trust Deed, the Trustee may agree or require the Issuer to use all reasonable endeavours to procure the substitution as principal debtor under the Trust Deed and the Notes, the Receipts, the Coupons and the Talons of a company incorporated in some other jurisdiction if a Tax Substitution Event occurs, subject to the approval of the Swap Counterparty and provided that Rating Agency Affirmation has been received at the time of substitution from each Rating Agency.

More Definitions of Rating Agency Affirmation

Rating Agency Affirmation means, with respect to any specified action or determination, receipt of written confirmation from S&P that such specified action or determination will not have an adverse effect on, or result in a reduction of, its then current rating of the Notes. (xiii) No Set-Off

Rating Agency Affirmation means written affirmation from the Rating Agency that the then current ratings by the Rating Agency of the Notes will not be adversely affected.

Rating Agency Affirmation means, in relation to a Series of Securities that is rated by Moody's the notification of the relevant event specified in the Issue Terms to Moody's and confirmation from Moody's that there has been no adverse change to the credit rating granted by Moody's in respect of such Securities.

Rating Agency Affirmation means for the purposes of Moody’s, with respect to any specified action, determination or event, receipt of written confirmation from each of the Rating Agencies, for so long as any Notes are outstanding and rated by such Rating Agency, that such action, determination or event will not result in the reduction or withdrawal of its then current rating of the Notes.

Rating Agency Affirmation means prior written confirmation from such of the Rating Agencies as rate each Series of Notes that the then current rating of such Notes will not be adversely affected or withdrawn.”

Rating Agency Affirmation means with respect to any specified action or determination, receipt by the Issuer of written affirmation by the Rating Agencies or applicable Rating Agency, for so long as the Senior Debt and other Rated Notes are Outstanding and rated by the Rating Agencies, that such specified action or determination will not result in the reduction or withdrawal of its then-current ratings on the Senior Debt or other Rated Notes.

Rating Agency Affirmation means with respect to any specified action or determination, the receipt of written confirmation from the relevant Rating Agencies or Rating Agency (for so long as the Notes are Outstanding and such Notes are rated by them) that such specified action or determination will not result in the reduction or withdrawal of their then current rating of the Notes.