Required Deposit Rating definition

Required Deposit Rating means the short-term credit rating of the related entity is at least equal to P-1 by Moody's, A-1+ by Standard & Poor's and F1 by Fitch.

Required Deposit Rating. A rating on short-term unsecured debt obligations of P-1 by Xxxxx’x Investors Service, Inc. and A-2 by S&P Global Ratings. Any requirement that short-term unsecured debt obligations have the “Required Deposit Rating” shall mean that such short-term unsecured debt obligations have the foregoing required ratings from each of such applicable rating agencies.

Required Deposit Rating shall have the meaning assigned to such term in the definition of “Eligible Account.”

Examples of Required Deposit Rating in a sentence

• No Designated Account shall be maintained with an Account Holder if the short-term debt obligations of such Account Holder cease to have the Required Deposit Rating (except that any Designated Account may be maintained with an Account Holder even if the short-term debt obligations of such Account Holder do not have the Required Deposit Rating, if such Account Holder maintains such Designated Account in its corporate trust department).

• No Designated Account shall be maintained with an Account Holder if the short-term debt obligations of such Account Holder cease to have the Required Deposit Rating (except that any Designated Account, may be maintained with an Account Holder even if the short-term debt obligations of such Account Holder do not have the Required Deposit Rating, if such Account Holder maintains such Designated Account in its corporate trust department).

• No ACOLT Account shall be maintained with an Account Holder if the short-term unsecured debt obligations of such Account Holder cease to have the Required Deposit Rating (except that any ACOLT Designated Account may be maintained with an Account Holder even if the short-term unsecured debt obligations of such Account Holder do not have the Required Deposit Rating, if such Account Holder maintains such ACOLT Designated Account in a segregated account in its corporate trust department).

• Should the deposits of any Successor Bank no longer have the Required Deposit Rating, the Servicer within 30 days shall, with the Successor Bank's assistance as necessary, cause such accounts to be moved to a bank or trust company, the deposits of which shall have the Required Deposit Rating.

• No Designated Account shall be maintained with an Account Holder if the short-term debt obligations of such Account Holder cease to have the Required Deposit Rating (except that any Designated Account may be maintained with an Account Holder even if the short-term debt obligations of such Account Holder do not have the Required Deposit Rating, if such Account Holder maintains such Designated Account in a segregated account in its corporate trust department).

More Definitions of Required Deposit Rating

Required Deposit Rating has the meaning set forth in the Titling Trust Agreement.

Required Deposit Rating means, with respect to any entity and any Series Account, that (i) the short-term unsecured debt obligations of such entity are rated in the highest short-term rating category by each Rating Agency (excluding any “+” signs associated with such rating) or (ii) such entity is a depository institution or trust company having a long-term unsecured debt rating acceptable to each Rating Agency and corporate trust powers and the related Series Account is maintained in a segregated trust account in the corporate trust department of the related entity.

Required Deposit Rating. A rating on short-term unsecured debt obligations of A-1+ by Standard & Poor’s Ratings Services and F1 by Fitch, Inc., if rated by Fitch, Inc. Any requirement that short-term unsecured debt obligations have the “Required Deposit Rating” shall mean that such short-term unsecured debt obligations have the foregoing required ratings from each of such rating agencies.

Required Deposit Rating. A rating on short-term unsecured debt obligations of A-2 by S&P or K1+ by KBRA, or such equivalent rating by each applicable Rating Agency, unless otherwise agreed to by S&P and each other applicable Rating Agency. Any requirement that short-term unsecured debt obligations have the “Required Deposit Rating” shall mean that such short-term unsecured debt obligations have the foregoing required ratings from each of such applicable rating agencies.

Required Deposit Rating means that such short-term unsecured debt obligations have the foregoing required ratings from each of such rating agencies.

Required Deposit Rating shall be a short-term certificate of deposit rating from Moody's of P-1, from Fitch of "F1+" (if rated by Fitch) and from Standard & Poor's of "A-1+," and a long-term unsecured debt rating of not less than Aa3 by Moody's, "AA" by Fitch (if rated by Fitch) and "AA-" by Standard & Poor's.

Required Deposit Rating means a rating on short-term deposits of Prime-1 by Moody's and A-1+ by Standard & Poor's; and any requirement that deposits have the "Required Deposit Rating" shall mean that such deposits shall be rated at least equal to the foregoing ratings from Moody's and Standard & Poor's.