Relevant Rating definition

Relevant Rating means, with respect to any Equivalent Rating Agency and any Person as of any date of determination, (a) with respect to ▇▇▇▇▇’▇, the Relevant ▇▇▇▇▇’▇ Rating with respect to such Person as of such date, (b) with respect to Fitch, the Relevant Fitch Rating with respect to such Person as of such date and (c) with respect to S&P, the Relevant S&P Rating with respect to such Person as of such date.

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Relevant Rating means, with respect to any Equivalent Rating Agency and any Person as of any date of determination, (a) with respect to Moody’s, the Relevant Moody’s Rating with respect to such Person as of such date, (b) with respect to Fitch, the Relevant Fitch Rating with respect to such Person as of such date and (c) with respect to S&P, the Relevant S&P Rating with respect to such Person as of such date.

Relevant Rating means the Senior Debt Ratings of the Significant Subsidiary (other than SERI) having the second lowest Senior Debt Ratings from Moody's and S&P of all Significant Subsidiaries (other than SERI).

Examples of Relevant Rating in a sentence

• A First Trigger Ratings Event with respect to any Relevant Rating Agency has occurred and is continuing, and Party A has failed to comply with or perform any obligation to be complied with or performed by Party A in accordance with the Credit Support Annex.

• Party A shall fail to maintain capital in the amount consistent with its financial program as represented to the Relevant Rating Agencies.

• WMI shall immediately notify the Agent of any change in the Relevant Rating, or in the rating of S&P or ▇▇▇▇▇’▇ composing the Relevant Rating.

• Each change in the Relevant Rating shall apply during the period commencing on the effective date of such change and ending on the date immediately preceding the effective date of the next such change.

• The Servicer shall provide to each Rating Agency then providing a Relevant Rating prompt written notice of any amendment, waiver or consent hereto or hereunder.

More Definitions of Relevant Rating

Relevant Rating shall have the meaning specified in the definition of “Applicable Margin”.

Relevant Rating means, with respect to any Equivalent Rating Agency and any Person as of any date of determination, (a) with respect to ▇▇▇▇▇’▇, the Relevant ▇▇▇▇▇’▇ Rating with respect to such Person as of such date, (b) with respect to Fitch, the Relevant Fitch Rating with respect to such Person as of such date, (c) with respect to DBRS, the Relevant DBRS Rating with respect to such Person as of such date, (d) with respect to S&P, the Relevant S&P Rating with respect to such Person as of such date and (e) with respect to any alternative Rating Agency, the Relevant Alternative Rating with respect to such Person as of such date.

Relevant Rating means, as of any date of determination, the ratings as determined by S&P and ▇▇▇▇▇’▇ of WMI’s non-credit enhanced, senior unsecured long-term debt and in circumstances when the ratings are not the same level (in the grid set forth in Section 2.5(1)), then the higher of the two ratings shall apply, provided however that if the higher rating is more than one level higher than the lower rating, the Relevant Rating shall be set at one level below the higher rating.

Relevant Rating means, as of any date of determination, the ratings as determined by S&P and Moody’s of WMI’s non-credit enhanced, senior unsecured long-term debt and in circumstances when the ratings are not the same level (in the grid set forth in Section 2.5(1)), then the higher of the two ratings shall apply, provided however that if the higher rating is more than one level higher than the lower rating, the Relevant Rating shall be set at one level below the higher rating.

Relevant Rating means, with respect to any Borrower, the rating of S&P or Moody’s of the senior unsecured long-term debt securities of such Borrower without third-party credit enhancement (and any rating assigned to any other debt security of such Borrower shall be disregarded).

Relevant Rating means the long-term senior unsecured credit rating of the Company published by the Rating Agencies.

Relevant Rating means, at any time: