Minimum Ratings definition

Minimum Ratings means, with respect to any Loan Asset, a rating of CCC by S&P and Caa2 by Moody’s.
View Source
Minimum Ratings. As defined in Section 8.5(d).
View Source
Minimum Ratings shall have the meaning set forth in Section 7.4.
View Source

Examples of Minimum Ratings in a sentence

  • If any transferee of Party A’s rights and obligations under sub-paragraph (i)(B) or any guarantor of Party A’s rights and obligations under sub-paragraph (i)(C) does not have the Minimum Ratings, such transferee or guarantor shall transfer credit support in accordance with the provisions of the ISDA Credit Support Annex with effect from the date of appointment of such transferee or guarantor.

  • If any transferee of Party A’s rights and obligations under sub‑paragraph (i)(B) or any guarantor of Party A’s rights and obligations under sub‑paragraph (i)(C) does not have the Minimum Ratings, such transferee or guarantor shall transfer credit support in accordance with the provisions of the ISDA Credit Support Annex with effect from the date of appointment of such transferee or guarantor.

  • Pre Maturity Minimum Ratings P-1 A(low)(1) N/A Following a breach of the Pre-Maturity Test in respect of a Series of Hard Bullet Covered Bonds, and unless the Pre-Maturity Ledger is otherwise funded from other sources, the Partnership shall offer to sell Randomly Selected Loans if the Final Maturity Date is within twelve months from the Pre-Maturity Test Date.

  • If any transferee of Party A’s rights and obligations under sub- paragraph (i)(B) or any guarantor of Party A’s rights and obligations under sub- paragraph (i)(C) does not have the Minimum Ratings, such transferee or guarantor shall transfer credit support in accordance with the provisions of the ISDA Credit Support Annex with effect from the date of appointment of such transferee or guarantor.

  • Pre Maturity Minimum Ratings P-1 A(low)(3) N/A Following a breach of the Pre-Maturity Test in respect of a Series of Hard Bullet Covered Bonds, and unless the Pre-Maturity Ledger is otherwise funded from other sources, the Partnership shall offer to sell Randomly Selected Loans if the Final Maturity Date is within twelve months from the Pre-Maturity Test Date.

  • Minimum Ratings..................................................................................

  • The Parties acknowledge that the obligations of any Porch Group Member to (i) appoint and utilize Aon Re as an exclusive reinsurance broker, (ii) purchase reinsurance or (iii) maintain Minimum Ratings are and remain subject to (x) limitations imposed by Applicable Law and (y) the proper exercise of fiduciary duties by the directors and officers of such Porch Group Members.

  • Notwithstanding anything else provided herein, in the event that upon expiration of such 60-day period the ratings on the Notes are not at least equal to the Minimum Ratings, the initial interest rate on the Notes will permanently increase by 0.5% per annum to 12 1/2% per annum, which increase in the interest rate (to the extent of such 0.5% per annum) shall be payable through the issuance of additional Notes ("PIK Notes") semi-annually in arrears on each Interest Payment Date.

  • The “Pre-Maturity Test” will be breached if on any Montreal Business Day (each a “Pre- Maturity Test Date”) the ratings of the Issuer’s unsecured, unsubordinated and unguaranteed debt obligations, or issuer default rating of the Issuer, as applicable, fall below the Pre-Maturity Minimum Ratings (as defined below) and a Hard Bullet Covered Bond is due for repayment within a specified period of time thereafter.

  • Notwithstanding the foregoing, in the event that any Porch Group Member does not appoint and utilize Aon Re as an exclusive reinsurance broker, purchase reinsurance or maintain Minimum Ratings as provided in this Agreement, then the sole and exclusive remedy available to Aon shall be a refund by Porch of Aon Payments paid to Porch and its Affiliates and the Relationship Dividend as set out in Section 2.04(c).


More Definitions of Minimum Ratings

Minimum Ratings means (i) with respect to a Broadly Syndicated Loan Asset, a rating of B- by S&P and B3 by Moody’s, and (ii) with respect to any Loan Asset that is not a Broadly Syndicated Loan Asset, a rating of CCC by S&P and Caa2 by Moody’s.Demand Amount” has the meaning specified in clause (i) of the definition of “Servicer Termination Event” in this Section 1.01(b).
View Source
Minimum Ratings means, with respect to the unsecured and unsubordinated debt obligations of a Swap Counterparty (or, if applicable, its Credit Support Provider):
View Source
Minimum Ratings means, with respect to any Loan Asset, a rating of CCC by S&P and Caa2 by Moody’s. “Moody’s” means Moody’s Investors Service, Inc. (or its successors in interest).
View Source
Minimum Ratings means, with respect to any DSR Letter of Credit --------------- Provider for any Senior Debt, the long-term senior unsecured debt ratings specified or referred to in the definition of the term "DSR Letter of Credit Provider" applicable to such Senior Debt.
View Source
Minimum Ratings means, with respect to any Portfolio Investment, a facility rating of (a) CCC by S&P or Caa2 by Moody’s (and if a facility rating is provided by both S&P and Moody’s and they are different, the lower facility rating shall be utilized) or (b) Caa2 by the application of RiskCalc.
View Source
Minimum Ratings means a corporate credit rating of the Borrower of (a) B or better by S&P and (b) B2 or better by ▇▇▇▇▇’▇, in each case with at least a stable outlook.” [[NYCORP:2687405v2:4454W:03/05/07--03:39 p]]
View Source

Related to Minimum Ratings

  • Minimum Rating means a minimum senior unsecured debt rating (or, if unavailable, corporate or issuer rating) as defined in Section 5.4(a).

  • Minimum Rate With respect to each ARM Loan, the rate per annum set forth in the related Mortgage Note as the minimum Note Rate thereunder. The Minimum Rate as to each ARM Loan is set forth on the related Mortgage Loan Schedule.

  • 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.

  • M▇▇▇▇’▇ Rating means, with respect to a Reference Obligation, as of any date of determination:

  • 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.