Examples of Specified Rating in a sentence
The Calculation Agent may make such adjustments to the Conditions and/or the applicable Conditions Supplement to take account of any such substitution, including an adjustment in relation to the relevant Specified Rating and Rating Agency.
Agreement not to Exercise Option to Convert to Fixed Rate Absent Specified Rating.......................
Specified Rating, in relation to a Downgrade, is as specified in the applicable Conditions Supplement.
For example, California’s laws required the following disclosures, among others: CIC § 381.1 -Disclosure of Specified Rating Information: Insurers are required to include this disclosure in each renewal notice that is sent prior to the renewal of the policy.
In the event either Moody’s or S&P shall cease to assign a Specified Rating, then the Applicable Margin shall be based on Level III.