Ratings Letter definition
Ratings Letter means a Debt Rating from an Acceptable NRSRO which (i) contains the Private Placement Number for each series of the Notes, (ii) addresses the likelihood of payment of both the principal and interest of such Notes (which requirement shall be deemed satisfied if the rating is silent as to the likelihood of payment of both principal and interest and does not otherwise include any indication to the contrary), (iii) does not include any prohibition against sharing such evidence with the SVO or any other regulatory authority having jurisdiction over the holders of the Notes, and (iv) includes such other information describing the relevant terms of the Notes as may be required from time to time by the SVO or any other regulatory authority having jurisdiction over the holders of Notes.
Ratings Letter means a letter delivered by a Rating Agency with respect to the Notes that includes the following elements:
Ratings Letter from each of Fitch, Moody's, and S&P setting forth the ratings required under Section 9(d) hereof and otherwise satisfactory to the Representative and counsel to the Underwriters;
Examples of Ratings Letter in a sentence
The Company shall at all times maintain a Debt Rating for the Notes from an Acceptable NRSRO and deliver a Ratings Letter to the holders of Notes at least annually.
The Company shall have obtained a Debt Rating for the Notes from an NRSRO and deliver a copy of the Ratings Letter to the Purchasers.
The Company shall use its commercially reasonable efforts to the effect that at all times (at the cost and expense of the Company), a Rating Agency maintains a rating on the Notes (which rating shall satisfy the requirements set forth in the Ratings Letter).
If such Ratings Letter is not a public rating, the Company will provide to each holder of a Note a Rating Rationale Report with respect to such Debt Rating.
More Definitions of Ratings Letter
Ratings Letter means a letter providing the current Debt Rating from a NRSRO which (i) contains the Private Placement Number for the Notes,