Initial Ratings definition

Initial Ratings means in respect of any Class of Notes and any Rating Agency, the ratings assigned to such Class of Notes by such Rating Agency as at the Closing Date and "Initial Rating" means each such rating.

Initial Ratings means in respect of any Class of Notes and any Rating Agency, the ratings assigned to such Class of Notes by such Rating Agency as at the Issue Date.

Initial Ratings means the ratings of the Notes assigned by the Rating Agencies as of the Closing Date.

Examples of Initial Ratings in a sentence

• We have also examined such other documents, instruments, e-mails and other correspondence and information related to or incidental to the transactions covered by the Base Prospectus, the Preliminary Prospectus Supplement, the Initial Ratings FWP, the Exhibit I FWP, the Replines FWP, the Prospectus Supplement and the Final Ratings FWP as we have considered necessary as a basis for our opinion.

• Withdrawal Or Downgrade Of Initial Ratings May Decrease The Prices Of Your Notes A security rating is not a recommendation to buy, sell or hold securities.

• Neither the Depositor nor MBFS will disseminate to any potential investor any information relating to the Notes that constitutes a “written communication” within the meaning of Rule 405 under the Act, other than (i) the Time of Sale Information, (ii) the Initial Ratings Free Writing Prospectus, (iii) the Prospectus or (iv) any Road Show Materials approved by the Representatives, unless the Depositor has obtained the prior written consent of the Representatives.

• We have also examined such other documents, instruments, e-mails and other correspondence and information related to or incidental to the transactions covered by the Base Prospectus, the Preliminary Prospectus Supplement, the Initial Ratings FWP, the Exhibit I FWP, the Replines April 23, 2015 Page 3 FWP, the Prospectus Supplement and the Final Ratings FWP as we have considered necessary as a basis for our opinion.

• In respect of the file provided to S&P in connection with the Issuer’s request to S&P to confirm its Initial Ratings of each Class of Debt pursuant to Section 7.18, such file shall include a separate breakdown of the Aggregate Principal Balance and identity of all Collateral Obligations with respect to which the Issuer has entered into a binding commitment to acquire but with respect to which no settlement has occurred.

More Definitions of Initial Ratings

Initial Ratings means each of the ratings assigned to the Notes by the Rating Agencies as at the Closing Date.

Initial Ratings means, with respect to the Secured Notes, the ratings, if any, indicated in Section 2.3 hereof.

Initial Ratings. The initial rating given to the Class A Notes by S&P on the Closing Date.

Initial Ratings means in respect of the Class of Notes and the Rating Agency, the ratings assigned to such Class of Notes by the Rating Agency as at the Closing Date and "Initial Rating" means each such rating.

Initial Ratings means the ratings assigned to the Class A Notes by the Rating Agency as at the Issue Date and “Initial Rating” means each such rating.

Initial Ratings means the ratings of the Notes assigned by Fitch and S&P on the Issue Date.

Initial Ratings means, in respect of any Class of Notes or the Revolving Credit Facility and any Rating Agency, the ratings assigned to such Class of Notes or the Revolving Credit Facility, as applicable, by such Rating Agency as at the Issue Date and “Initial Rating” means each such rating.