Common use of Issuance of Ratings Clause in Contracts

Issuance of Ratings. The Note Insurer shall have received confirmation that the risk secured by the Note Insurance Policy constitutes an investment-grade risk, that the Class A-1 Notes when issued will be rated “A-1+” by S&P, “Prime 1” by Xxxxx’x and “F1+” by Fitch and that the Class A-2 Notes, Class A-3 Notes, and Class A-4 Notes, when issued, will be rated “AAA” by S&P, “Aaa” by Xxxxx’x and “AAA” by Fitch.

Appears in 3 contracts

Samples: Insurance Agreement (Capital One Auto Finance Trust 2005-D), Insurance Agreement (Capital One Auto Receivables LLC), Insurance Agreement (Capital One Auto Receivables LLC)

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Issuance of Ratings. The Note Insurer shall have received confirmation that the risk secured by the Note Insurance Policy constitutes an investment-grade risk, that the Class A-1 Notes when issued will be rated “A-1+” by S&P, “Prime 1” by Xxxxx’x and “F1+” by Fitch Fitch, and “Prime-1” by Xxxxx’x and that the Class A-2 Notes, Class A-3 A-3-A Notes, Class A-3-B Notes and Class A-4 Notes, when issued, will be rated “AAA” by S&P, “Aaa” by Xxxxx’x and “AAA” by Fitch.

Appears in 2 contracts

Samples: Insurance Agreement (Capital One Auto Receivables LLC), Insurance Agreement (Capital One Auto Receivables LLC)

Issuance of Ratings. The Note Insurer shall have received confirmation that the risk secured by the Note Insurance Policy constitutes an investment-grade risk, that the Class A-1 Notes when issued will be rated “A-1+” by S&P, “Prime 1” by Xxxxx’x and “F1+” by Fitch Fitch, and “Prime-1” by Xxxxx’x and that the Class A-2 Notes, Class A-3 Notes, Notes and Class A-4 Notes, when issued, will be rated “AAA” by S&P, “Aaa” by Xxxxx’x and “AAA” by Fitch.

Appears in 2 contracts

Samples: Insurance Agreement (Capital One Auto Finance Trust 2005-A), Insurance Agreement (Capital One Auto Receivables LLC)

Issuance of Ratings. The Note Insurer shall have received confirmation that the risk secured by the Note Insurance Policy constitutes an investment-grade risk, that the Class A-1 Notes when issued will be rated “A-1+” by S&P, “F-1” by Fitch, and “Prime 1” by Xxxxx’x and “F1+” by Fitch and that the Class A-2 Notes, Class A-3 Notes, Notes and Class A-4 Notes, when issued, will be rated “AAA” by S&P, and “Aaa” by Xxxxx’x and “AAA” by FitchXxxxx’x.

Appears in 1 contract

Samples: Insurance Agreement (Capital One Auto Finance Trust 2004-A)

Issuance of Ratings. The Note Insurer shall have received confirmation that the risk secured by the Note Insurance Policy constitutes an investment-grade risk, that the Class A-1 Notes when issued will be rated “A-1+” by S&P, “Prime 1Prime-1” by Xxxxx’x and “F1+” by Fitch and that the Class A-2 Notes, Class A-3 Notes, and Class A-4 Notes, when issued, will be rated “AAA” by S&P, “Aaa” by Xxxxx’x and “AAA” by Fitch.

Appears in 1 contract

Samples: Insurance Agreement (Capital One Auto Receivables LLC)

Issuance of Ratings. The Note Insurer shall have received confirmation that the risk secured by the Note Insurance Policy constitutes at least an investment-investment grade riskrisk by S&P and Mxxxx’x, and that the Class A-1 Notes when issued will be rated “A-1+Prime-1” by S&PMoody’s, “Prime 1A-l+” by Xxxxx’x S&P and “F1+” by Fitch and that each of the Class A-2 NotesA-2-A, Class A-3 NotesA-2-B, Class A-3, Class A-4-A and Class A-4 A-4-B Notes, when issued, will be rated “AAA” by S&P, S&P and “Aaa” by Xxxxx’x and “AAA” by FitchMoody’s.

Appears in 1 contract

Samples: Insurance Agreement (Santander Drive Auto Receivables Trust 2007-3)

Issuance of Ratings. The Note Insurer shall have received confirmation that the risk secured by the Note Insurance Policy constitutes an investment-grade risk, that the Class A-1 Notes when issued will be rated “A-1+” by S&P, “Prime 1” by Xxxxx’x and “F1+” by Fitch Fitch, and “Prime-1” by Xxxxx’x and that the Class A-2 Notes, Class A-3 Notes, Class A-4-A Notes and Class A-4 A-4-B Notes, when issued, will be rated “AAA” by S&P, “Aaa” by Xxxxx’x and “AAA” by Fitch.

Appears in 1 contract

Samples: Insurance Agreement (Capital One Auto Receivables LLC)

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Issuance of Ratings. The Note Insurer shall have received confirmation that the risk secured by the Note Insurance Policy constitutes an investment-grade risk, that the Class A-1 Notes when issued will be rated “A-1+” by S&PNotes, “Prime 1” by Xxxxx’x and “F1+” by Fitch and that the Class A-2 Notes, Class A-3 A-3-A Notes, Class A-3-B Notes and the Class A-4 Notes, when issued, will be rated “AAA” by S&P, “Aaa” by Xxxxx’x and “AAA” by Fitch.

Appears in 1 contract

Samples: Insurance Agreement (Capital One Auto Receivables LLC)

Issuance of Ratings. The Note Insurer shall have received confirmation that the risk secured by the Note Insurance Policy constitutes at least an investment-investment grade riskrisk by S&P and Moody’s, and that the Class A-1 Notes when issued will be rated “A-1+Prime-1” by S&PMoody’s, “Prime 1A-l+” by Xxxxx’x S&P and “F1+” by Fitch and that each of the Class A-2 NotesA-2, Class A-3 Notes, Notes and Class A-4 Notes, when issued, will be rated “AAA” by S&P, S&P and “Aaa” by Xxxxx’x and “AAA” by FitchMoody’s.

Appears in 1 contract

Samples: Insurance Agreement (Santander Drive Auto Receivables Trust 2007-1)

Issuance of Ratings. The Note Insurer shall have received confirmation that the risk secured by the Note Insurance Policy constitutes an investment-grade risk, that the Class A-1 Notes when issued will be rated “A-1+” by S&P, “Prime 1F1+” by Fitch, and “Prime-1” by Xxxxx’x and “F1+” by Fitch and that the Class A-2 A-2-A Notes, Class A-3 A-2-B Notes, Class A-3-A Notes, Class A-3-B Notes, and Class A-4 Notes, Notes when issued, will be rated “AAA” by S&P, “Aaa” by Xxxxx’x and “AAA” by Fitch.

Appears in 1 contract

Samples: Insurance Agreement (Capital One Auto Finance Trust 2007-C)

Issuance of Ratings. The Note Insurer shall have received confirmation that the risk secured by the Note Insurance Policy constitutes an investment-grade risk, that the Class A-1 Notes when issued will be rated "A-1+" by S&P, “Prime 1” "F-1" by Xxxxx’x Fitch, and “F1+” "Prime-1" by Fitch Xxxxx'x and that the Class A-2 Notes, Class A-3 A-3-A Notes, Class A-3-B Notes and Class A-4 Notes, when issued, will be rated "AAA" by S&P, “Aaa” by Xxxxx’x and “"AAA" by Fitch, and "Aaa" by Xxxxx'x.

Appears in 1 contract

Samples: Insurance Agreement (Capital One Auto Finance Trust 2002-C)

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