Standby Account Bank Ratings definition

Standby Account Bank Ratings means the threshold ratings P-1 (in respect of Xxxxx’x Investors Service, Inc.), A and F1 (in respect of Fitch Ratings, Inc.), or A(low) or R-1 (middle) (in respect of DBRS Limited), as applicable, of the unsecured, unsubordinated and unguaranteed debt obligations (or, in the case of Fitch Ratings, Inc., the issuer default rating) of the Standby Account Bank by the Rating Agencies;
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Standby Account Bank Ratings means the threshold ratings P-1 (in respect of Moody’s), and A or R-1(low) (in respect of DBRS, provided that, for greater certainty, only one of such ratings from DBRS is required to be at or above such ratings), as applicable, of, in the case of Moody’s, the short term deposit rating, and in the case of DBRS, the unsecured, unsubordinated and unguaranteed debt obligations, in each case, of the Standby Account Bank;
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Standby Account Bank Ratings means the threshold ratings P-1 (in respect of Moody’s), A or F1 (in respect of Fitch Ratings Inc., provided that, for greater certainty, only one of such ratings from Fitch Ratings Inc. is required to be at or above such ratings), and A or R-1 (low) (in respect of DBRS Limited, provided that, for greater certainty, only one of such ratings from DBRS Limited is required to be at or above such ratings), as applicable, of, in the case of Moody’s, the short term deposit rating, in the case of Fitch, the issuer default rating, and in the case of DBRS, the unsecured, unsubordinated and unguaranteed debt obligations, in each case, of the Standby Account Bank by the Rating Agencies.
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Examples of Standby Account Bank Ratings in a sentence

  • For certainty, any amendment to (i) the definition of "Standby Account Bank Ratings" that lowers the ratings specified therein, or (ii) the consequences of breaching a Standby Account Bank Rating that makes such consequences less onerous, shall, with respect to each affected Rating Agency only, be deemed to be a material amendment and shall be subject to Rating Agency Confirmation from each affected Rating Agency.


More Definitions of Standby Account Bank Ratings

Standby Account Bank Ratings means the threshold ratings P-1 (in respect of Xxxxx’x), A or R-1(low) (in respect of DBRS, provided that, for greater certainty, only one of such ratings from DBRS is required to be at or above such ratings) and F1 or A (in respect of Fitch, provided that, for greater certainty, only one of such ratings from Fitch is required to be at or above such ratings), as applicable, of, in the case of Xxxxx’x, the short term deposit rating, in the case of DBRS, the unsecured, unsubordinated and unguaranteed debt obligations, and, in the case of Fitch, the issuer default rating, in each case, of the Standby Account Bank;
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Standby Account Bank Ratings means the following minimum ratings or assessments assigned to the Standby Account Bank (or as the context requires the Standby GIC Provider) (x) deposit ratings of P-1 short-term and A2 long-term by Xxxxx’x, (y) deposit ratings of F1 short- term and A- long-term or, if Fitch has not then assigned a deposit rating, issuer default ratings of F1 short-term and A- long-term, in each case by Fitch; or (z) ratings on its unsecured, unsubordinated, and unguaranteed debt obligations of R-1(low) short term and A long-term by DBRS; provided, for greater certainty, that in each case, only one of such ratings or assessments, as the case may be, from each of Xxxxx’x, Fitch and DBRS, respectively, is required to be at or above such ratings or assessments;
Sample 1
Standby Account Bank Ratings means the threshold ratings P-1 (in respect of Xxxxx’x), A or F1 (in respect of Fitch Ratings Inc., provided that, for greater certainty, only one of such ratings from Fitch Ratings Inc. is required to be at or above such ratings), and A or R-1 (low) (in respect of DBRS Limited, provided that, for greater certainty, only one of such ratings from DBRS Limited is required to be at or above such ratings), as applicable, of the unsecured, unsubordinated and unguaranteed debt obligations (or, in the case of Fitch Ratings Inc., the issuer default rating) of the Standby Account Bank by the Rating Agencies.
Sample 1
Standby Account Bank Ratings means the following minimum ratings or assessments assigned to the Standby Account Bank (x) deposit ratings of P-1 short-term and A2 long-term by Moody’s, (y) deposit ratings of F1 short-term and A- long-term or, if Fitch has not then assigned a deposit rating, issuer default ratings of F1 short-term and A- long-term, in each case by Fitch; or
Sample 1
Standby Account Bank Ratings means the following minimum ratings or assessments assigned to the Standby Account Bank (x) deposit ratings of P-1 short-term and A2 long-term by Moody’s, (y) deposit ratings of F1 short-term and A- long-term or, if Fitch has not then assigned a deposit rating, issuer default ratings of F1 short-term and A- long-term, in each case by Fitch; or (z) ratings on its unsecured, unsubordinated, and unguaranteed debt obligations of R-1(low) short term and A long-term by DBRS; provided, for greater certainty, that in each case, only one of such ratings or assessments, as the case may be, from each of Moody’s, Fitch and DBRS, respectively, is required to be at or above such ratings or assessments;
Sample 1
Standby Account Bank Ratings means the threshold ratings X-0, X-0, X0 xxxxx-xxxx or A long-term, or R-1(middle) short term and AA(low) long-term (in respect of S&P, Xxxxx’x, Fitch and DBRS respectively), as applicable, of the unsecured, unsubordinated and unguaranteed debt obligations or issuer default ratings, as applicable, of the Standby Account Bank by the Rating Agencies;
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Related to Standby Account Bank Ratings

  • Deposit Account Bank means a financial institution selected or approved by the Administrative Agent.

  • Account Bank means U.S. Bank National Association, a national banking association.

  • Relevant Banking Day means a day on which commercial banks are open for business (including dealings in foreign exchange and foreign currency deposits) in the place where the specified office of the Registrar is located and, in the case only of an exchange of a Bearer Note for a Registered Note where such request for exchange is made to the Principal Paying Agent, in the place where the specified office of the Principal Paying Agent is located;

  • Overnight Bank Funding Rate means, for any day, the rate comprised of both overnight federal funds and overnight Eurodollar borrowings by U.S.-managed banking offices of depository institutions (as such composite rate shall be determined by the NYFRB as set forth on its public website from time to time) and published on the next succeeding Business Day by the NYFRB as an overnight bank funding rate (from and after such date as the NYFRB shall commence to publish such composite rate).

  • Blocked Account Agreement means with respect to an account established by a Loan Party, an agreement, substantially in the form of Exhibit L hereto or otherwise in form and substance reasonably satisfactory to the Collateral Agent, establishing Control (as defined in the Security Agreement) of such account by the Collateral Agent and whereby the bank maintaining such account agrees, during any Cash Dominion Trigger Period, to comply only with the instructions originated by the Collateral Agent without the further consent of any Loan Party.

  • Local Banking Day means a day (other than a Saturday or Sunday) on which commercial banks are open for general business (including dealings in foreign exchange and foreign currency deposits) in the place of presentation of the relevant Covered Bond or, as the case may be, Coupon; and

  • Credit card means any card, plate, coupon book, or other credit device ex- isting for the purpose of obtaining money, property, labor, or services on credit.