Rating Effective Date definition

Rating Effective Date means, the initial date on which S&P, Fitch or DBRS provides, at the direction of the Borrower, a rating for the Loans.

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Rating Effective Date means the Closing Date.

Examples of Rating Effective Date in a sentence

So long as the Rating Effective Date has occurred, on or before the anniversary date of the Closing Date in each calendar year, or the last Business Day immediately preceding such date if such date is not a Business Day, the Borrower shall pay for the ongoing monitoring of the rating of the Loans by S&P, Fitch or DBRS, as applicable.
Any reference herein to notice or other delivery to be provided to S&P, Fitch or DBRS shall no longer be applicable if after the Rating Effective Date, S&P, Fitch or DBRS, as applicable, is no longer rating any Loans (whether or not so specified herein).
Notwithstanding the foregoing provisions of this Section 2.1 or any other provision herein or in any other Loan Document to the contrary, from and after the date occurring 6 months (or, if Section 5.40(b)(2) is applicable, 9 months) after the Closing Date, if the Rating Effective Date has not occurred, no fundings shall be made under this Agreement except to fund Portfolio Exposure Amounts.