Requisite Rating definition

Requisite Rating means a long-term, unsecured and unsubordinated debt rating from S&P or Moody's which, when considered together with the long-term, unsecured and unsubordinated debt rating of GMAC, would result in a Joint Probability of at least AA- in the case of S&P, or Aa3 in the case of Moody's.

Requisite Rating means a person with long or short term (as appropriate) unsecured debt instruments in issue which are neither subordinated nor guaranteed and which meet the following requirements:

Requisite Rating means, the rating of long or short term (as appropriate) unsecured debt instruments in issue by a person (which are neither subordinated nor guaranteed) which meet the following requirements:

Examples of Requisite Rating in a sentence

• The Intermediary agrees that it shall give prompt written notice to AESOP Leasing, the Trustee and the Lender Agent if at any time the Intermediary ceases to have the Requisite Rating and of any other Intermediary Exchange Agreement Termination Event.

• The Pre-Maturity Test, the Interest Reserve and the Collection Loss Reserve shall be credited to dedicated accounts (on the one hand, the Cash Collateral Account, and onthe other hand the Collection Loss Reserve Account) opened in the books of a bank with the Requisite Rating, provided that if the rating of such account bank is downgraded below the Requisite Rating, the Issuer shall replace such account bank within thirty (30) calendar days.

• It has been supporting its independent television channel, Al Jazeera, that often indulges in criticizing the regional leaders, and is an ardent supporter of the Brotherhood. Qatar expresses its action as an act of exercising autonomy in foreign policy decisions, however, it aspires to play a major role in regional affairs.

• Following such request, the Company shall use reasonable efforts to transfer that Account within 30 Business Days, to another bank which does have a Requisite Rating and which can pay interest without withholding or deduction for or on account of Taxes.

More Definitions of Requisite Rating

Requisite Rating means a long term, unsecured and unsubordinated debt rating from Moody’s which, when considered together with the long term, unsecured and unsubordinated debt rating of GMAC, would result in a Joint Probability of at least “Aa3” in the case of Moody’s, or a long-term, unsecured and unsubordinated debt rating of at least “A+” by S&P, or an unsecured, unsubordinated debt rating of at least “A” (long-term) and “F1” (short-term) by Fitch, in each case so long as the Notes are rated by such Person.

Requisite Rating as defined in the definition of “Credit Rating Event.”

Requisite Rating means ratings which are equal to or higher than the equivalent ratings held by the Custodian at the time of the relevant assignment or novation.

Requisite Rating. BBB- or better from S&P.

Requisite Rating means the requirement to hold a long term debt rating of investment grade or better from at least two of Fitch Ratings Inc., Xxxxx’x Investors Service or Standard & Poor’s Financial Services LLC.

Requisite Rating means a rating of P-1 by Moody's, F-1+ by Fitch and A-1+ by S&P;

Requisite Rating. “A-” in the case of Standard & Poor’s and Fitch and “A3” in the case of Xxxxx’x Investors Service, Inc.