Certificate Rating definition

Certificate Rating. Standard & Poor's, A Division of the ▇▇▇▇▇▇-▇▇▇▇ Companies, Inc. ("S&P") and Fitch IBCA, Inc. ("Fitch") shall each assign a rating of "AAA" to the Class A Certificates (other than the Class A-5 and Class A-7 Certificates, which will each be assigned a rating of "AAAr") and Class R Certificate. Fitch shall assign a rating of not less than"AA" to the Class M Certificates, not less than"A" to the Class B-1 Certificates and not less than "BBB" to the Class B-2 Certificates.

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Certificate Rating. With respect to the long-term unsecured debt of any institution, a long-term debt obligation rating by each Rating Agency not lower than the highest rating by such Rating Agency of any Class of Certificates then outstanding; provided, however, that the Certificate Rating will not be lower than Investment Grade by such Rating Agency.

Certificate Rating. [" " by ▇▇▇▇▇'▇ Investors Service, Inc.] [" " by Standard & Poor's Corporation] [" " by [other Rating Agency]] [State by Class if more than one Class].

Examples of Certificate Rating in a sentence

• Where such acceptable proof is submitted as required, the teacher shall be eligible for retroactive adjustment in accordance with Clause 4.07 (a) or 4.07 (b) where the revised Certificate Rating Statement is submitted to the Board as soon as possible after it has been received.

• Such Certificate Rating Statements shall be sent to the Board Business Administrator.

• The Trustee is hereby authorized and directed to give notice by first class mail, postage prepaid or by Electronic Means, to (i) any Beneficial Owners who have requested to receive notice pursuant to Section 14.2(c) hereof and (ii) each of the Floater Certificate Rating Agencies identified as such in the Series Trust Agreement, which may include: ▇▇▇▇▇’▇ Investors Service, Inc.

• Certificate Rating: ------------------- AAA on the Class A Certificates and the Class R Certificate by each of Fitch Ratings ("Fitch") and Standard & Poor's Ratings Service, a division of The McGraw-Hill Companies, Inc.

• The Trustee shall give written notice to each Floater Certificate Rating Agency of the termination of the obligation of the Liquidity Bank under the related Liquidity Facility and under this Agreement with respect to the Floater Certificates on the Scheduled Expiration Date.

More Definitions of Certificate Rating

Certificate Rating means the long-term rating assigned without regard to any credit or liquidity enhancement by a Rating Agency to the Series 2017A Certificates (or if no such rating is assigned to the Series 2017A Certificates, then the rating assigned to any Certificates issued under the Master Trust Agreement).

Certificate Rating. [" " by ▇▇▇▇▇'▇ Investors Service, Inc.] [" " by Standard and Poor's Ratings Services] [State by Class if more than one Class] Minimum Principal Receivables Balance after giving effect to the issuance of Series 20__-_: Date of Series Supplement: ____________, 20__. Certificate Rate: [One-month LIBOR plus] ____% per annum. [State by Class if more than one Class]

Certificate Rating. Aaa" by Mood▇'▇ ▇▇▇estors Service, Inc. and "AAA" by Fitch IBCA, Inc. Form of Certificates: Book-entry (The Depository Trust Company).

Certificate Rating means, the underlying, long-term rating assigned by a Rating Agency to Certificates issued under the Master Trust Agreement, without reliance on any credit enhancement.

Certificate Rating means the long-term rating assigned by any Rating Agency (without regard to any credit or liquidity enhancement) to Certificates issued under the Master Trust Agreement.

Certificate Rating. Standard & Poor's, a division of the ▇▇▇▇▇▇-▇▇▇▇ Companies, Inc. ("S&P") and Duff & ▇▇▇▇▇▇ Credit Rating Co. ("DCR") shall each assign a rating of "AAA" to the Class A Certificates (other than the Class A-6, Class A-8, Class A-9, Class A-14, Class A-15, Class A-P and Class A-X Certificates, which will each be assigned a rating of "AAAr" by S&P) and the Class R Certificate. DCR shall assign a rating of not less than"AA" to the Class M Certificates, not less than "A" to the Class B-1 Certificates and not less than "BBB" to the Class B-2 Certificates.

Certificate Rating. Aaa" by Moody's Investors Service, Inc. and "AAA" by Fitc▇ ▇▇▇▇▇tors Service, L.P. Form of Certificates: Book-entry (Depository Trust Company).