Ratings definition
Examples of Ratings in a sentence
With respect to each other Mortgage Loan, the related special-form all-risk insurance policy and business interruption policy (issued by an insurer meeting the Insurance Ratings Requirements) did not, as of the date of origination of the Mortgage Loan, and, to the Mortgage Loan Seller’s knowledge, do not, as of the Cut-off Date, specifically exclude Acts of Terrorism, as defined in TRIA, from coverage, or if such coverage is excluded, it is covered by a separate terrorism insurance policy.
No later than March 13 of each year (beginning March 13, 2026), and promptly upon any change in the Rating, the Company further covenants and agrees it shall provide a notice to each of the holders of the Notes sent in the manner provided in Section 18 with respect to all then current Ratings.
Such election shall be made no more often than once per calendar quarter, unless the Administrative Agent has determined in its reasonable discretion that a Material Adverse Change has occurred or could reasonably be expected to occur or that general economic or market conditions have materially and adversely affected the market value or credit quality of the Loans, in which case there shall be no limit to the number of Ratings Requirement Bring-Downs.
Expected Ratings (▇▇▇▇▇’▇ / S&P):* [RESERVED] / [RESERVED] Trade Date: March 12, 2026 Settlement Date:** March 16, 2026 (T+2) Denominations: $2,000 and multiples of $1,000 thereafter Day Count Convention: 30/360 Joint Book-Running Managers: BofA Securities, Inc.