Requisite Ratings definition

Requisite Ratings means (i) in respect of the Liquidity Facilities and the Borrower Liquidity Reserve Account Trust Deed, in respect of any person, such person's short term unsecured debt obligations being rated, in the case of S&P, "A-1", in the case of Moody's "P-1" and in the case of Fitch, "F1" or at least any two of the above (including S&P), and (ii) in respect of all other Transaction Documents, the Minimum Short-term Rating.

Requisite Ratings means short-term senior unsecured deposit ratings of “A-1+”, and “P-1” from each of S&P and Xxxxx’x, respectively and long term credit ratings of at least “AA-” and “Aa3” from each of S&P and Xxxxx’x, respectively.

Requisite Ratings means (a) a corporate rating on the Borrower’s senior unsecured (non-credit enhanced) debt of at least BBB- from S&P or an equivalent rating from S&P in the event S&P changes its rating system and (b) a corporate family rating on the Borrower senior unsecured (non-credit enhanced) debt of at least Baa3 from Moody’s or an equivalent rating from Moody’s in the event Moody’s changes its rating system.

Examples of Requisite Ratings in a sentence

• It has the Requisite Ratings (and will promptly notify both Funding 1 and the Security Trustee of the occurrence of any downgrading by the Rating Agencies of any of its rated debt obligations to a level below the Requisite Ratings).

• To the extent that Party B enters into Interest Rate Swap agreements with other additional swap counterparties, such swap counterparties will be required to have the Requisite Ratings at the time of execution of such Interest Rate Swaps.

• The Issuer will maintain, save as described below, a liquidity facility provided by a bank with the Requisite Ratings (as defined below) on terms acceptable to the Rating Agencies.

• The Intercreditor Agreement includes provisions that apply following a Material Senior Default for holding default interest and amounts that would have been paid to the B Lender and the C Lender in an escrow account (the "Escrow Account") held with a bank with the Requisite Ratings.

• On each Ratings Reaffirmation Date or within 30 days thereafter, the Servicer shall obtain from S&P and Moody's written reaffirmations that each Class of Notes have at least the Requisite Ratings and shall distribute copies thereof to the Administrative Agent and the Agents.

More Definitions of Requisite Ratings

Requisite Ratings means a rating of P-1 by Moody's, F1+ by Fitch and A-1+ by Standard & Poor's;

Requisite Ratings means (a) a corporate rating on the Borrower's senior unsecured (non-credit enhanced) debt of at least BBB- from S&P or an equivalent rating from S&P in the event S&P changes its rating system and (b) a corporate family rating on the Borrower senior unsecured (non-credit enhanced) debt of at least Baa3 from Moody's or an equivalent rating from Moody's in the event Moody's changes its rating system.

Requisite Ratings means the Minimum Short-term Rating;

Requisite Ratings as defined in the definition of “Applicable Margin”.

Requisite Ratings means (a) a corporate rating on the Parent Borrower’s senior unsecured (non- credit enhanced) debt of at least BBB- from S&P or an equivalent rating from S&P in the event S&P changes its rating system and (b) a corporate family rating on the Parent Borrower’s senior unsecured (non- credit enhanced) debt of at least Baa3 from Moody’s or an equivalent rating from Moody’s in the event Moody’s changes its rating system, in each case with a stable or better outlook (or the equivalent thereof). “Resignation Effective Date” means as provided in Section 10.06(a). “Resolution Authority” means an EEA Resolution Authority or, with respect to any UK Financial Institution, a UK Resolution Authority. “Responsible Officer” means (a) for purposes of any Compliance Certificate, the chief financial officer or treasurer of the Parent Borrower, (b) for all other purposes hereunder, the chief executive officer, president, chief financial officer, treasurer, any vice president or secretary of a Loan Party or the Director of Banking and Credit of the Parent Borrower and (c) solely for purposes of notices given pursuant to Article II, any other officer or employee of the applicable Loan Party so designated by any of the foregoing officers in a notice to the Administrative Agent or any other officer or employee of the applicable Loan Party designated in or pursuant to an agreement between the applicable Loan Party and the Administrative Agent. Any document delivered hereunder that is signed by a Responsible Officer of a Loan Party shall be conclusively presumed to have been authorized by all necessary corporate, partnership and/or other action on the part of such Loan Party and such Responsible Officer shall be conclusively presumed to have acted on behalf of such Loan Party. To the extent requested by the Administrative Agent, each Responsible Officer will provide an incumbency certificate and to the extent requested by the Administrative Agent, appropriate authorization documentation, in form and substance satisfactory to the Administrative Agent. “Restricted Indebtedness” means Indebtedness of the Parent Borrower or any Subsidiary, the payment, prepayment, repurchase or defeasance of which is restricted under Section 8.06. “Restricted Payment” means any dividend or other distribution (whether in cash, securities or other property, but excluding any payment in Equity Interests (other than Disqualified Preferred Stock) in the 33 CHAR1\1732710v2

Requisite Ratings means with respect to each Class of Notes not held by AmeriCredit or its Affiliates, the ratings (or the equivalent ratings) from each Rating Agency set forth opposite such Class of Notes below.

Requisite Ratings means in respect of the Funding 1 Liquidity Facility Provider as provider of the Funding 1 Liquidity Facility, ratings of P-1 by Xxxxx'x, F1 by Fitch and A+ by S&P; Reserve Funds means, as the context requires, (a) the Funding 2 General Reserve Fund and Funding