Depositary Threshold Rating definition

Depositary Threshold Rating has the meaning set forth in Section 5(a) of the Note Purchase Agreement.

Depositary Threshold Rating means, with respect to the Depositary or any Replacement Depositary, short-term unsecured rating of A-1+ from Standard & Poor's and P-1 from Moody's.

Depositary Threshold Rating means (a) in the case of Fitch, either a Short-Term Rating of F1 or a Long-Term Rating of A-1 and (b) in the case of Standard & Poor’s, either a Long-Term Rating of A- or a Short-Term Rating of A-1.

Examples of Depositary Threshold Rating in a sentence

• The Depositary meets the Depositary Threshold Rating requirement.

• See “Certain ERISA ConsideratiS-10e424b5Threshold Rating for the DepositaryShort Term Depositary RatingThreshold Rating for the Liquidity Provider Moody’sP-1The Depositary meets the Depositary Threshold Rating requirement.Moody’sShort Term P-1Liquidity Provider Rating The Liquidity Provider meets the Liquidity Threshold Rating requiremeTable of Contents e424b5 S-11 e424b5 Table of Contents RISK FACTORSAn investment in the certificates involves certain risks.

• Failed/remove from service - Major deficiencies of essential equipment or supplies, safety or sanitation resulting in removal from service.

• See “Certain ERISA Considerations”.Threshold Rating for the DepositaryLong Term or Short Term Fitch A- F1Moody’sShort Term P-1Depositary RatingThe Depositary meets the Depositary Threshold Rating requirement.

• This format may be modified as necessary to accommodate complex cases in which several reports are received during the investigation.

More Definitions of Depositary Threshold Rating

Depositary Threshold Rating means: (a) for the Class AA Trust, a Long-Term Rating of (i) A-, if the applicable Deposits are held in fiduciary accounts by a national bank exercising trust powers, or (ii) AA, if the applicable Deposits are not held in fiduciary accounts by a national bank exercising trust powers, in each case, determined by Standard & Poor’s and a Short-Term Rating of P-1 as determined by Moody’s, and (b) for the Class A Trust, a Long-Term Rating of A- as determined by Standard & Poor’s and a Short-Term Rating of P-1 as determined by Moody’s.

Depositary Threshold Rating means, in the case of Fitch, the long-term issuer credit rating of A- or short-term issuer credit rating of F1 and, in the case of Moody’s, a short-term unsecured debt rating of P-1.

Depositary Threshold Rating means the short-term unsecured debt rating of P-1 by Moody’s and the short-term issuer credit rating of A-1+ by Standard & Poor’s.

Depositary Threshold Rating means (a) for the Class AA Trust and Class A Trust, (i) (1) a Long-Term Rating of BBB as determined by Fitch or (2) a Short-Term Rating of F2 as determined by Fitch and (ii) a Short-Term Rating of P-1 as determined by Xxxxx’x, and (b) for the Class B Trust, (i) (1) a Long-Term Rating of BBB- as determined by Fitch or (2) a Short-Term Rating of F3 as determined by Fitch and (ii) a Short-Term Rating of P-1 as determined by Xxxxx’x.

Depositary Threshold Rating means the long-term issuer credit rating of A- by Fitch and A- by Standard & Poor’s.

Depositary Threshold Rating means: (a) for the Class AA Trust, a Long-Term Rating of (i) A-, if the applicable Deposits are held in fiduciary accounts by a national bank exercising trust powers, or (ii) AA, if the applicable Deposits are not held in fiduciary accounts by a national bank exercising trust powers, in each case, determined by Standard & Poor’s and a Short-Term Rating of P-1 as determined by Moody’s and (b) for the Class A Trust, a Long- Term Rating of A- as determined by Standard & Poor’s and a Short-Term Rating of P-1 as determined by Moody’s.

Depositary Threshold Rating means the short-term unsecured debt rating or short term issuer credit rating, as the case may be, of P-1 by Moody’s and A-1+ from Standard & Poor’s.