by Xxxxx x and "F1" by Fitch and whose long-term, unsecured and unsubordinated debt obligations are then rated not less than "AA-" by S&P, "A1" by Xxxxx'x and "A+" by Fitch (or its equivalent by any substitute rating agency);
by Xxxxx x and "A" by Fitch and S&P. Eligible Accounts may bear interest, and may include, if otherwise qualified under this definition, accounts maintained with the Trustee or the Paying Agent. If the rating of the short-term or long-term unsecured debt obligations of the depository institution or trust company that maintains the account or accounts is no longer compliant with the requirements set forth in the immediately preceding sentence, the funds on deposit therewith in connection with this transaction shall be transferred to an Eligible Account within 30 days of such downgrade."
by Xxxxx x and "F1" by Fitch and its long-term, unsecured and unsubordinated debt obligations are then rated not less than "AA-" by S&P, "A1" by Xxxxx'x and "A+" by Fitch (or its equivalent by any substitute rating agency) or such Transferee's obligations under this Agreement are guaranteed by an entity whose short-term, unsecured and unsubordinated debt obligations are then rated not less than "A-1+" by S&P, "Prime-1" by Xxxxx'x and "F1" by Fitch and whose long-term, unsecured and unsubordinated debt obligations are then rated not less than "AA-" by S&P, "A1" by Xxxxx'x and "A+" by Fitch (or its equivalent by any substitute rating agency);
Examples of by Xxxxx in a sentence
Xxxxx Xxxxx shall pay the entire salaries and fees of all of the Trust’s Trustees and officers employed by Xxxxx Xxxxx and who devote part or all of their time to the affairs of Xxxxx Xxxxx, and the salaries and fees of such persons shall not be deemed to be expenses incurred by the Trust for purposes of this Section 3.
Buyer may have the Property inspected by inspectors selected by Xxxxx and licensed by TREC or otherwise permitted by law to make inspections.
Any extension of the Closing must be agreed upon, in writing, by Xxxxx and Seller.
The performance of each such sub-investment adviser or sub-administrator of its obligation under any such agreement shall be supervised by Xxxxx Xxxxx.
The Company will cooperate with any reasonable due diligence review conducted by Xxxxx or its agents in connection with the transactions contemplated hereby, including, without limitation, providing information and making available documents and senior corporate officers, during regular business hours and at the Company’s principal offices, as Xxxxx may reasonably request.
More Definitions of by Xxxxx
by Xxxxx x Investors Services or "A-1" by Standard & Poor's Corporation, or with an equivalent rating by another rating agency of nationally recognized standing, maturing within three hundred sixty-five (365) days from the date of acquisition;
by Xxxxx x and "A-" by S&P, (ii) in the case of a policy or policies of insurance issued by such insurance carrier covering loss occasioned by the errors and omissions of officers and employees, "A2" by Xxxxx'x and "A-" by S&P, and (iii) in the case of any other insurance coverage provided by such insurance xxxxxxx, "X0" by Xxxxx'x and "A-" by S & P; provided, however, that (A) an insurance carrier shall be deemed to have the applicable claims-paying ability ratings set forth above if the obligations of such insurance carrier under the related insurance policy are guaranteed or backed in writing by an entity that has long-term unsecured debt obligations that are rated not lower than the ratings set forth above or claims-paying ability ratings that are not lower than the ratings set forth above; and (B) an insurance carrier shall be deemed to have the applicable claims-paying ability ratings set forth above if the Rating Agency whose rating requirement set forth in clause (i) or (ii), as applicable, of this definition has not been met has confirmed in writing that such insurance carrier would not result in an Adverse Rating Event with respect to any Class of Rated Certificates (and, if the insurance carrier is an issuer of an insurance policy relating to a Serviced Mortgage Loan Group or one or more Mortgaged Properties that secured such Serviced Mortgage Loan Group, as applicable, the related Serviced Mortgage Loan Group Controlling Party has confirmed in writing that such insurance carrier is acceptable to such Serviced Mortgage Loan Group Controlling Party), unless (with respect to policies maintained by Borrowers) a higher claims-paying ability rating is required under any of the Mortgage Loan Documents. In connection with insurance coverage related to one or more of the PCF Pooled Mortgage Loans or PCFII Pooled Mortgage Loans or to the obligations of the applicable Master Servicer (or a Primary Servicer serving on its behalf) with respect to one or more PCF Pooled Mortgage Loans or PCFII Pooled Mortgage Loans, insurance carried through Lloyd's of London shall be deemed to have been issued by an insurer with the Required Claims-Paying Ratings, so long as Lloyd's of London has a financial strength rating of not less than "A-" by each of S&P and A.M. Best.
by Xxxxx x and on a credit watch with positive implications by Xxxxx'x, and (y)(1) "A" by S&P or (2) "A-" by S&P and on a credit watch with positive implications by S&P (or its obligations are not guaranteed by entities with such ratings) (or, in the case of a CP Conduit, its commercial paper notes do have short term ratings of at least "P-1" by Xxxxx'x and "A-1" by S&P), the Borrower may, at its option upon at least ten (10) Business Days' notice to the Administrative Agent and such Lender, replace such Lender as contemplated by, and in the manner provided in Section 3.4.7. The Administrative Agent shall notify Xxxxx'x and S&P as soon as practicable of such Lender or guarantor who fails to have or maintain the ratings described above.
by Xxxxx x and "F-1+" by Fitch in the case of accounts in which funds are held for thirty (30) days or less (or, in the case of accounts in which funds are held for more than thirty (30) days, the long term unsecured debt obligations of which are rated at least "AA" by Fitch and S&P and "Aa2" by Xxxxx'x).
by Xxxxx x and "A" by Fitch.
by Xxxxx x and "A-1+" by S & P;
by Xxxxx x (or, in either case, the equivalent of such rating by such organization or, if no rating of S&P or Xxxxx'x then exists, the equivalent of such rating by any nationally recognized rating organization) at the time such Investment is made, (iii) repurchase obligations with a term of not more than 30 days for --- underlying securities of the types described in clause (i) or (ii) above entered into with a bank meeting the qualifications described in clause (ii) above, (iv) -- Investments in commercial paper, maturing not more than 270 days after the date of acquisition, issued by a Person (other than the Company or any of its Subsidiaries), with a rating at the time as of which any Investment therein is made of "P-2" (or higher) according to Xxxxx'x or "A-2" (or higher) according to S&P (or, in either case, the equivalent of such rating by such organization or, if no rating of S&P or Xxxxx'x then exists, the equivalent of such rating by any nationally recognized rating organization), (v) Investments in securities - maturing not more than one year after the date of acquisition issued or fully guaranteed by any state, commonwealth or territory of the United States of America, or by any political subdivision or taxing authority thereof, and rated at least "A" by S&P or "A" by Xxxxx'x (or, in either case, the equivalent of such rating by such organization or, if no rating of S&P or Xxxxx'x then exists, the equivalent of such rating by any nationally recognized rating organization), (vi) Preferred Stock (other than of the Company or any of its Subsidiaries) -- having a rating of "A" or higher by S&P or "A2" or higher by Xxxxx'x (or, in either case, the equivalent of such rating by such organization or, if no rating of S&P or Xxxxx'x then exists, the equivalent of such rating by any nationally recognized rating organization), (vii) investment funds investing 95% of their --- assets in securities of the type described in clauses (i)-(vi) above (which funds may also hold reasonable amounts of cash pending investment and/or distribution), (viii) any money market deposit accounts issued or offered by a ---- domestic commercial bank or a commercial bank organized and located in a country recognized by the United States of America, in each case, having capital and surplus in excess of $250 million (or the foreign currency equivalent thereof), or investments in money market funds complying with the risk limiting conditions of Rule 2a-7 (or any successor rule) of the SEC u...