Rating Comfort Letter a letter issued by each of the applicable Rating Agencies which confirms that the taking of the action referenced to therein will not result in any qualification, withdrawal or downgrading of any existing ratings of Securities created in a Secondary Market Transaction.
Rating Comfort Letter a letter issued by each of the applicable Rating Agencies which confirms that the taking of the action referenced to therein will not result in any qualification, withdrawal or downgrading of any existing ratings of Securities created in a Secondary Market Transaction. REIT: KBS Real Estate Investment Trust, Inc., a Maryland corporation.
Rating Comfort Letter a letter issued by each of the applicable Rating Agencies which confirms that the taking of the action referenced to therein will not result in any qualification, withdrawal or downgrading of any existing ratings of Securities created in a Securitization or, if a Securitization has not occurred, any ratings to be assigned in connection with a Securitization. REIT: Mxxxxxx Properties, Inc., a Maryland corporation. Rents: all rents, rent equivalents, moneys payable as damages (including payments by reason of the rejection of a Lease in a Bankruptcy Proceeding) or in lieu of rent or rent equivalents, royalties (including all oil and gas or other mineral royalties and bonuses), income, fees, receivables, receipts, revenues, deposits (including security, utility and other deposits), accounts, cash, issues, profits, charges for services rendered, and other payment and consideration of whatever form or nature received by or paid to or for the account of or benefit of Borrower, Manager or any of their agents or employees from any and all sources arising from or attributable to the Property, and the Improvements, including all receivables, customer obligations, installment payment obligations and other obligations now existing or hereafter arising or created out of the sale, lease, sublease, license, concession or other grant of the right of the use and occupancy of the Property or rendering of services by Borrower, Manager or any of their agents or employees and proceeds, if any, from business interruption or other loss of income insurance.
Examples of Rating Comfort Letter in a sentence
Borrower shall give Lender written notice not less than sixty (60) days before the date on which such transfer is scheduled to close, accompanied by all information relating to the transfer and the transferee as Lender would reasonably require in evaluating an initial extension of credit to a borrower (it being acknowledged that Lender may, as a condition to its approval, require a Rating Comfort Letter from each of the Rating Agencies).
More Definitions of Rating Comfort Letter
Rating Comfort Letter a letter issued by each of the applicable Rating Agencies which confirms that the taking of the action referenced to therein will not result in any qualification, withdrawal or downgrading of any existing ratings of Securities created in a Securitization or, if a Securitization has not occurred, any ratings to be assigned in connection with a Securitization. REIT: Xxxxxxx Properties, Inc., a Maryland corporation.
Rating Comfort Letter means a letter from each Rating Agency pursuant --------------------- to which it confirms that the taking of the action referred to therein will not result in a withdrawal, qualification or downgrade of the then existing ratings of the Securities.
Rating Comfort Letter a letter issued by each of the applicable Rating Agencies at Borrower’s sole cost and expense, which confirms that the taking of the action referenced to therein will not result in any qualification, withdrawal or downgrading of any existing ratings of Securities created in a Secondary Market Transaction. Rents: without duplication, all rents, rent equivalents, moneys payable as damages (including payments by reason of the rejection of a Lease in a Bankruptcy Proceeding) or in lieu of rent or rent equivalents, royalties (including all oil and gas or other mineral royalties and bonuses), income, fees, receivables, receipts, revenues, deposits (including security, utility and other deposits), accounts, cash, issues, profits, charges for services rendered, all Lease Termination Payments, and other payment and consideration of whatever form or nature received by or paid to or for the account of or benefit of Borrower or any of their agents or employees, including without limitation, Manager, from any and all sources arising from or attributable to the Property and the Improvements, including all revenues and credit card receipts collected from or with respect to guest rooms, restaurants that are owned and operated by Borrower or on behalf of Borrower, bars that are owned and operated by Borrower or on behalf of Borrower, mini-bars, meeting rooms, banquet rooms and recreational facilities, parking charges, all receivables, customer obligations, installment payment obligations and other obligations now existing or hereafter arising or created out of the sale, lease, sublease, license, concession or other grant of the right of the use and occupancy of the Property or rendering of services by Borrower or any of their agents or employees, including, without limitation, Manager, of the hotel or the commercial space located in the Improvements or acquired from others (including from the rental of any office space, retail space, guest rooms or other space, halls, stores and offices, and deposits securing reservations of such space to the extent Borrower is entitled to retain such deposits), health club membership fees, food and beverage wholesale and retail sales, service charges, vending machine sales, and proceeds, if any, from business interruption or other loss of income insurance.
Rating Comfort Letter a letter issued by each of the applicable Rating Agencies which confirms that the taking of the action referenced to therein will not result in any qualification, withdrawal or downgrading of any existing ratings of Securities created in a Secondary Market Transaction. REIT: the resulting real estate investment trust from and after the conversion of TPG into a real estate investment trust pursuant to clause (vi) of the definition of “Permitted Transfer” above.
Rating Comfort Letter a letter issued by each of the applicable Rating Agencies which confirms that the taking of the action referenced to therein will not result in any qualification, withdrawal or downgrading of any existing ratings of Securities created in a Secondary Market Transaction. In the event that no Securities have been created in a Secondary Market Transaction or no Rating Agency exists, notwithstanding anything contained herein or in any other Loan Document, no “Rating Comfort Letter” shall be required. REA: collectively, those certain agreements more particularly described on Schedule 10 attached hereto and made a part hereof, as the same may be amended, restated, supplemented or otherwise modified from time to time in accordance with the terms of this Agreement.
Rating Comfort Letter a letter issued by each of the applicable Rating Agencies which confirms that the taking of the action referenced to therein will not result in any qualification, withdrawal or downgrading of any existing ratings of Securities created in a Secondary Market Transaction. Release Date: the earlier to occur of (i) the forty second (42/nd/) Payment Date of the Term and (ii) the date that is two (2) years from the "startup day" (within the meaning of Section 860G(a)(9) of the Code) of the REMIC Trust established in connection with a Securitization involving this Loan.
Rating Comfort Letter a letter issued by each of the applicable Rating Agencies which confirms that the taking of the action referenced to therein will not result in any qualification, withdrawal or downgrading of any existing ratings of Securities created in a Secondary Market Transaction. REA: that certain Declaration of Easements and Restrictive Covenants dated as of June 14, 2006 by BMC Software Texas, L.P., a Texas limited partnership.