Ba1 definition

Ba1 to the Class A-1, Class A-2, Class A-3, Class A-4, Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6, Class B-1, Class B-2, Class B-3 and Class B-4 Certificates, respectively.

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Ba1 or lower from Moody's and (d) "BB+" or lower from S&P.

Ba1 by Moody's, then within 60 Business Days the Servicer and the Borrower shall enter into a Backup Servicing Agreement. At all times that a Backup Servicing Agreement is in effect, (i) the Servicer shall perform all of its duties thereunder and (ii) the Borrower shall both perform all of its duties thereunder and shall cause the Servicer to consult with the Backup Servicer as may be necessary from time to time to perform or carry out the Backup Servicer's obligations thereunder, including the obligation, if requested in writing by the Administrative Agent, to succeed to the duties and obligations of the Servicer pursuant hereto.

Examples of Ba1 in a sentence

• If at any time the long term, unsecured and unsubordinated indebtedness of Dealer is rated Ba1 or lower by Moody’s or BB+ or lower by S&P (any such rating, a “Ratings Downgrade”), then Counterparty may, at any time following the occurrence and during the continuation of such Ratings Downgrade, provide written notice to Dealer specifying that it elects for this Section 9(f) to apply (a “Trigger Notice”).

• Within one Business Day after any date prior to the Funding Termination Date on which the Company's long-term debt securities are rated BB+ or lower by Standard & Poor's, Ba1 or lower by ▇▇▇▇▇'▇, and BB+ or lower by Fitch (the "Ratings Adjustment Date"), the Company shall give written and telephonic notice thereof to the Trustee and shall deposit with the Trustee an amount equal to the Cut-Off Date Principal Balance of the Contracts that were Unfunded Contracts on the Ratings Adjustment Date.

• If at any time the long term, unsecured and unsubordinated indebtedness of Dealer is rated Ba1 or lower by ▇▇▇▇▇’▇ or BB+ or lower by S&P (any such rating, a “Ratings Downgrade”), then Counterparty may, at any time following the occurrence and during the continuation of such Ratings Downgrade, provide written notice to Dealer specifying that it elects for this Section 9(f) to apply (a “Trigger Notice”).

• For example, if Moody's rates some senior unsecured long-term debt of a Borrower Ba1 and other such debt of such Borrower Ba2, the senior unsecured long-term debt of such Borrower shall be deemed to be rated Ba2 by Moody's.

• Long Term Senior Unsecured Non Credit Enhanced Debt of the Borrower Rated Less Than Level 3 But At Least BB+ By S&P And Ba1 By ▇▇▇▇▇’▇.

More Definitions of Ba1

Ba1 by ▇▇▇▇▇’▇, over (ii) the product of (x) 5.0%, multiplied by (y) the aggregate Outstanding Balance of all Eligible Receivables then in the Receivables Pool; plus

Ba1 from ▇▇▇▇▇'▇" after the language "following any Event of Termination or a Designated Event" set forth in the first sentence set forth therein.

Ba1. “BB+” and “BB+” or lower 0 % For purposes of calculating the applicable Advance Rate in the above tables: (a) the percentage shown under the heading “Advance Rate” (i) in the case of Bonds, shall be multiplied by the Principal Balance of such Bonds and (ii) in the case of Loans, shall be multiplied by the Principal Balance of such Loans, (b) any Bond that is placed on negative watch by ▇▇▇▇▇’▇, S&P or Fitch shall be deemed to have a rating consistent with such negative watch which shall be one ratings subcategory below its then current rating, (c) any Bond or any Large Syndicated Loan that is split rated such that two possible Advance Rates are applicable to it shall have the lower of the two Advance Rates specified in the above table; provided, that for any Bond rated solely by S&P, (i) if such Bond has an S&P Rating of “BBB-” or higher, such Bond shall have the Advance Rate of one ratings subcategory below its then current S&P Rating or (ii) if such Bond has an S&P Rating of “BB+” or lower, such Bond shall have the Advance Rate of two ratings subcategories below its then current S&P Rating, (d) each applicable Advance Rate shall be determined or redetermined, as the case may be, as of each Measurement Date, (e) the ▇▇▇▇▇’▇ Rating and S&P Rating shall be updated no less frequently than once per year, (f) the ▇▇▇▇▇’▇ Rating, S&P Rating or Fitch rating, as applicable, for any NIM Note shall be updated no less frequently than once per year, and (g) the Advance Rate for the 2005-1 Class E Notes shall be 50% on the lesser of (i) the outstanding principal balance of the 2005-1 Class E Notes or (ii) the Fair Market Value of the 2005-1 Notes; provided, that on and after August 9, 2006 the Advance Rate shall be 0%. For the avoidance of doubt, for purposes of this definition, a Large Syndicated Loan having a ▇▇▇▇▇’▇ Rating or S&P Rating below “B3” or “B-,” respectively, shall be treated as a Middle Market Loan.

Ba1 or “BBB-” or better by M▇▇▇▇’▇ Investors Services, Inc. or Standard & Poor’s Rating Group. If such corporations shall, for any reason, no longer perform the functions of a rating agency any other nationally recognized statistical rating agency designated by Landlord or Mortgagee.

Ba1 or below by Mood▇'▇, "▇B" or below by S&P or "BB+" or below by Fitch (a "Downgrade") and (b) while such Downgrade is in effect, for ten consecutive Trading Days or, from the date of any Spin-Off Notice until 120 days from the date of such Spin-Off Notice, for 20 consecutive Trading Days, Will▇▇▇▇' ▇▇ any successor's common stock closing price shall be $30.22 or below, after adjustment of such price to appropriately reflect, in the same manner as set forth in the Certificate of Designation, any stock split, stock dividend or other events occurring with respect to such common stock after the Closing Date that would result in adjustments made to the "Optional Conversion Rate" as defined in the Certificate of Designation.

Ba1 by ▇▇▇▇▇’▇, over (ii) the product of (x) 5.0%, multiplied by (y) the aggregate Outstanding Balance of all Eligible Receivables then in the Receivables Pool; plus (d) the excess (if any) of (i) the aggregate Outstanding Balance of all Eligible Receivables that are denominated in an Eligible Foreign Currency, over (ii) the product of (x) 10.0%, multiplied by (y) the aggregate Outstanding Balance of all Eligible Receivables then in the Receivables Pool; plus (e) the excess (if any) of (i) the aggregate Outstanding Balance of all Eligible Receivables, the Obligors of which are Governmental Authorities, over (ii) the product of (x) 2.0%, multiplied by (y) the aggregate Outstanding Balance of all Eligible Receivables then in the Receivables Pool; plus

Ba1 by Moody's or (iii) the equivalent rating of any successor rating agency and, in the case of clause (i), (ii) or (iii), such downgrade is primarily as a result of such merger and occurs on or prior to 90 days after consummation of such merger or (b) such surviving or transferee entity does not have outstanding Debt Securities that are rated by at least one of such credit rating agencies or successor agencies within 90 days after consummation of such merger.