Applicable Rating Agencies definition

Applicable Rating Agencies means, at any given time, each Rating Agency then rating the Bonds.

Applicable Rating Agencies means, at the option of the Company and at any time, (1) the two Rating Agencies most recently selected by the Company in its sole discretion to be the Applicable Rating Agencies or (2) the three Rating Agencies most recently selected by the Company in its sole discretion to be the Applicable Rating Agencies. For purposes of clarity, it is understood and agreed that the Company may, from time to time and in its sole discretion, determine whether there shall be two or three Applicable Rating Agencies and select or change the Rating Agencies which shall be the Applicable Rating Agencies.

Applicable Rating Agencies means the Rating Agencies that have rated any Securities issued in connection with a Secondary Market Transaction.

Examples of Applicable Rating Agencies in a sentence

• The interest rate on a series of Notes shall permanently cease to be subject to any adjustment described in this Section 4.11, notwithstanding any subsequent downgrade, if such Notes become rated BBB+ (or Baa1 with respect to Moody’s) or higher, as the case may be, by any two of the Applicable Rating Agencies (or any Substitute Rating Agency therefor), or one of these ratings if such Notes are only rated by one Applicable Rating Agency.

• The Certificateholders hereby consent to and shall be bound by such amendments, provided that such amendments will not (in the reasonable opinion of the Programme Administrator taking into account the circumstances in existence at the time the amendments are made) result in the credit ratings of the Certificates being reduced, put on negative watch or withdrawn by any of the then Applicable Rating Agencies.

• If the Collateral Manager is ordered by the Board of Directors or the requisite Holders to take any action which would have any such consequences, the Collateral Manager shall promptly notify the Issuer, the Applicable Rating Agencies and the Trustee of the Collateral Manager’s judgment that such action would have one or more of the consequences set forth above and need not take such action unless the Board of Directors then requests the Collateral Manager to do so.

• The Committees formed for the purpose of safety and environments have continued to educate and motivate the employees on various aspects on Safety and Environment through training programme and seminars.

• If at any time after an interest rate adjustment has occurred at least two of the Applicable Rating Agencies (or any Substitute Rating Agency therefor) increase their ratings assigned to the Notes to Baa3, BBB- or BBB- or higher, as the case may be, the interest rate payable on such Notes shall be decreased to the interest rate payable on such Notes on the date of their initial issuance.

More Definitions of Applicable Rating Agencies

Applicable Rating Agencies means Moodys, S&P and Fitch.

Applicable Rating Agencies as used in this Agreement mean Moody's and Standard and Poor's.

Applicable Rating Agencies means S&P, Fitch and Xxxxx’x.

Applicable Rating Agencies means, at any given time, each Rating Agency thenrating the Bonds.

Applicable Rating Agencies means any two Rating Agencies, or, if only one Rating Agency maintains an applicable rating, such Rating Agency (each, an “Applicable Rating Agency”).

Applicable Rating Agencies means one or more of Fitch, Moody’s and/or S&P who have been requested to provide a credit rating in respect of, and at the relevant time have an outstanding public credit rating on, the Certificates, and their successors, and each a “Applicable Rating Agency”;

Applicable Rating Agencies shall have the meaning ascribed to such term in Section 6.3(i).