Common use of Required Ratings Clause in Contracts

Required Ratings. The Class B-1, Class B-2 and Class B-3 Certificates shall have received Required Ratings of at least "AA," "A" and "BBB," respectively, by Fitch Ratings ("Fitch").

Appears in 2 contracts

Samples: Terms Agreement (First Horizon Asset Securities Inc), Terms Agreement (First Horizon Asset Securities Inc)

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Required Ratings. The Class B-1, Class B-2 and Class B-3 Certificates shall have received Required Ratings of at least "AA," "A" and "BBB," respectively, by Fitch Ratings ("Fitch")., Inc.

Appears in 1 contract

Samples: Terms Agreement (First Horizon Asset Securities Inc)

Required Ratings. The Class B-1, Class B-2 and Class B-3 Certificates shall have received Required Ratings of at least "(i) “AA," "” from Fitch, Inc. (“Fitch”), in the case of the Class B-1 Certificates, (ii) “A" ” from Fitch, in the case of the Class B-2 Certificates, and "(iii) “BBB," respectively” from Fitch, by Fitch Ratings ("Fitch")in the case of the Class B-3 Certificates.

Appears in 1 contract

Samples: Terms Agreement (First Horizon Asset Sec Mort Pass THR Certs Ser 2006-Aa4)

Required Ratings. The Class B-1, Class B-2 and Class B-3 Certificates shall have received Required Ratings of at least "AA," "A" and "BBB," respectively, by Fitch from Standard & Poor's Ratings ("Fitch").Services, a division of The McGraw-Hill Companies, Inc.

Appears in 1 contract

Samples: Terms Agreement (First Horizon Asset Securities Inc)

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Required Ratings. The Class B-1, B-1 Certificates shall have received Required Ratings of at least "AA" from Fitch Ratings ("Fitch"); the Class B-2 Certificates shall have received Required Ratings of at least "A" from Fitch; and the Class B-3 Certificates shall have received Required Ratings of at least "AA,BBB" "A" and "BBB," respectively, by Fitch Ratings ("from Fitch").

Appears in 1 contract

Samples: Terms Agreement (First Horizon Asset Securities Inc)

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