Rating Agency Affirmation definition

Rating Agency Affirmation means, with respect to any specified action or determination, receipt of written affirmation 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.

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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requirements of such Rating Agency, that the then current rating of the Notes will not be adversely affected or withdrawn as a result of such action being undertaken, provided that it is the then current policy of such Rating Agency to either affirm or disaffirm the relevant type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.

Examples of Rating Agency Affirmation in a sentence

Buyer, Sellers and the applicable Trustee shall have received from the related Rating Agencies, as to each Securitization Series and Countryplace Series, originals or photocopies of the related Rating Agency Affirmation Letters.
Each Seller Party shall act in good faith, and use commercially reasonable efforts, to obtain the Rating Agency Affirmation Letters, the execution and delivery by the requisite parties of an Appointment and Assumption Agreement with respect to the Servicing Agreement of each Series, and such other consents necessary for the Sellers’ resignations as Servicing Parties, and Buyer’s appointment as Servicing Parties, under the Servicing Agreements and the sale and purchase of the Conveyed Property hereunder.
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.
Buyer, Sellers and the Trustee shall have received from the related Rating Agencies, as to each Series, originals or photocopies of the related Rating Agency Affirmation Letters.
The Seller Parties shall jointly and severally bear all third party costs (other than those of Buyer and its Affiliates) of obtaining such Rating Agency Affirmation Letters, each such Appointment and Assumption Agreement executed and delivered by the respective requisite parties and such other consents.

More Definitions of Rating Agency Affirmation

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, with respect to any action (if any) relating to Notes of a Series that is specified to be subject to Rating Agency Affirmation in the Conditions or any Transaction Document for such Notes, the prior affirmation from each relevant Rating Agency (if any), 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 such 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. For the avoidance of doubt, if it is not the then current policy of such Rating Agency to either affirm or disaffirm the relevant type of action prior to such action being taken, no Rating Agency Affirmation from such Rating Agency shall be required with respect to any such action that is specified to be subject to Rating Agency Affirmation in the Conditions or any Transaction Document.

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, the prior affirmation from Moody’s, if Moody’s is then rating the outstanding Notes at the request of the Issuer (if any), in the form (if any) specified for such purpose by Moody’s in accordance with any applicable internal requirements of Moody’s, and in circumstances where Moody’s is not willing to issue a Rating Agency Affirmation due to its then prevailing policy regarding the issue of Rating Agency Affirmations, an authorised signatory of the Issuer (or the Note Swap Counterparty on its behalf) has certified in writing to the Trustee that, in its opinion (and where Moody’s was prepared to consult with the Issuer (or the Note Swap Counterparty, as applicable) its opinion is based on consultation with Moody’s), that the then current rating of the Notes will not be adversely affected or withdrawn as a result of such action being undertaken.

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.