Xxxxx’x Derived Rating definition

Xxxxx’x Derived Rating means, with respect to any Loan Asset and the Obligor thereof as of any date of determination, the rating determined in accordance with the following, in the following order of priority:
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Xxxxx’x Derived Rating means, with respect to a Portfolio Asset whose Xxxxx’x Rating or Xxxxx’x Default Probability Rating cannot otherwise be determined pursuant to the definitions thereof, such Xxxxx’x Rating or Xxxxx’x Default Probability Rating as determined in the manner set forth below:
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Xxxxx’x Derived Rating means with respect to any Warehouse Asset, the rating determined pursuant to the methodology set forth under the heading “Xxxxx’x Derived Rating” on Schedule 3 hereto. - 24- USActive 55697678.955697678.10
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Examples of Xxxxx’x Derived Rating in a sentence

  • Senior secured obligation -1 Unsecured obligation 0 Subordinated obligation +1 (3) if such Collateral Obligation is a DIP Collateral Obligation, the Xxxxx’x Derived Rating may be determined based on a rating by S&P, Fitch or any other rating agency.


More Definitions of Xxxxx’x Derived Rating

Xxxxx’x Derived Rating. With respect to a Collateral Obligation for which a Xxxxx’x Derived Rating is to be determined, such Xxxxx’x Derived Rating will be the rating determined as set forth below:
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Related to Xxxxx’x Derived Rating

  • Xxxxx’x Rating means, at any time, the rating issued by Xxxxx’x and then in effect with respect to the Borrower’s senior unsecured long-term debt securities without third-party credit enhancement.

  • S&P Rating means, at any time, the rating issued by S&P and then in effect with respect to the Borrower's senior unsecured long-term debt securities without third-party credit enhancement.

  • Required Rating means, in the case of Moody's, the rating assigned to the Underlying Securities by Moody's as of the Closing Date, and, in the case of S&P, the rating assigned to the Underlying Securities by S&P as of the Closing Date.

  • Moody’s means Xxxxx’x Investors Service, Inc. and any successor thereto.

  • Investment Grade Credit Rating means (i) a Credit Rating of Baa3 or higher given by Xxxxx’x, (ii) a Credit Rating of BBB- or higher given by S&P or (iii) a Credit Rating of BBB- or higher given by Fitch.

  • Credit Rating means, with respect to any entity, the rating then assigned to such entity’s unsecured, senior long-term debt obligations (not supported by third party credit enhancements) or if such entity does not have a rating for its senior unsecured long-term debt, then the rating then assigned to such entity as an issuer rating by S&P, Moody’s or any other rating agency agreed by the Parties as set forth in the Cover Sheet.

  • Moody s” means Moody’s Investors Service, Inc.

  • Debt Rating has the meaning specified in the definition of “Applicable Rate.”

  • Initial Rating With respect to the Secured Notes, the rating or ratings, if any, indicated in Section 2.3.