Rating Notification definition

Rating Notification means in relation to an event or circumstance means that the Manager has confirmed in writing to Party B that it has notified each Rating Agency in respect of the Series Trust of the event or a circumstance and that the Manager is satisfied that the event or circumstance is unlikely to result in an Adverse Rating Effect.

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Rating Notification means written notice required to be given hereunder or under any Supplemental Indenture of any action or proposed action provided by the Corporation to each Rating Agency then providing a rating for a particular Series of Notes.

Rating Notification means, with respect to Fitch, that such Rating Agency shall have been given notice (the “Event Notice”) of a proposed action, failure to act, or

Examples of Rating Notification in a sentence

No party may assign or transfer any of its rights or obligations under this Agreement without the prior written consent of the other parties and without the Manager first issuing a Rating Notification in relation to the proposed assignment or transfer.
Each Rating Agency shall receive a Rating Notification any time a Credit Facility Provider has been requested to provide, or has actually provided to, the Corporation or the Trustee a Credit Confirmation.
Anything in this Indenture to the contrary notwithstanding, whenever in this Indenture the requirements of a Rating Notification must be satisfied for any proposed actions, failures to act or other event, to the extent that the Notes no longer carry a Rating from Fitch, the proposed actions, failures to act or other event will require the written consent of the Registered Owners of not less than a majority of the collective aggregate principal amount of the Notes then Outstanding.
It shall be the duty of the Authority to provide any information reasonably requested by Fitch in connection with a Rating Notification.

More Definitions of Rating Notification

Rating Notification means, with respect to a proposed action, failure to act, or other event specified in the notice (a “Proposed Action”), that the Corporation shall have given written notice of such Proposed Action to each Rating Agency at least twenty Business Days prior to the proposed effective date thereof.

Rating Notification means that Fitch shall have been given an Event Notice and Fitch shall not have issued any written notice during the ten-day period following the giving of an Event Notice that the occurrence of the proposed action, failure to act, or other event specified in the Event Notice will cause Fitch to downgrade any of the Ratings then applicable to the Notes or cause Fitch to suspend, withdraw or qualify the Ratings then applicable to the Notes; provided that such ten-day period shall be extended by up to twenty days if the Authority has received notice that such proposed action, failure to act, or other event is under review by Fitch and Fitch cannot complete its review during the ten-day period (and the Authority will give prompt written notice to the Trustee of any such notice of review received by it). Such inaction by Fitch cannot be viewed as an approval of the requested action of the Authority by Fitch.

Rating Notification in relation to an event or circumstance means that the Trust Manager has confirmed in writing to the Trustee that: