Eligible Conduit Investor definition

Eligible Conduit Investor means, at any time, any Conduit Investor whose Commercial Paper at such time is rated by at least two of the Specified Rating Agencies and is rated at least “A-1” from Standard & Poor’s, “P-1” from Xxxxx’x and/or “F1” from Fitch, as applicable.
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Eligible Conduit Investor means, at any time, any Conduit Investor whose Commercial Paper at such time is rated by at least two of the Specified Rating Agencies and is rated at least “A-1” from Standard & Poor’s, “P-1” from Moody’s and/or “F1” from Fitch, as applicable.
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Eligible Conduit Investor means, at any time, any Conduit Investor whose Commercial Paper at such time is rated by at least one of the Specified Rating Agencies and is rated at least “A-2” from S&P and/or the equivalent rating of another “nationally-recognized statistical rating organization” registered with the SEC.
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Examples of Eligible Conduit Investor in a sentence

  • If at any time any Conduit Investor is not an Eligible Conduit Investor, such Conduit Investor shall promptly notify the Administrative Agent (who shall promptly notify the related Funding Agent and the Master Issuer) thereof.

  • If at any time any Conduit Investor is not an Eligible Conduit Investor, such Conduit Investor shall deliver prompt written notice to each of the related Funding Agent, the Series 2023-2 Class A-1 Administrative Agent and the Issuer.


More Definitions of Eligible Conduit Investor

Eligible Conduit Investor has the meaning set forth in Section 1.02 of the Series 2017-1 Class A-1 Note Purchase Agreement.
Sample 1
Eligible Conduit Investor means, at any time, any Conduit Investor whose Commercial Paper is rated at least A-2 from S&P and/or the equivalent rating of another “nationally-recognized statistical rating organization” registered with the SEC. “E.U. Capital Requirements Regulation” has the meaning specified in Section 6.02(b). “E.U. Retained Interest” has the meaning specified in Section 8.02(b). “E.U. Retention Regulatory Change Event” means any change in, or the adoption of, any new law, rule, direction, guidance or regulation which (i) requires the manner in which the E.U. Retention Interest is held by Spirit MTA REIT to be restructured after the Series 2018-1 Closing Date and Spirit MTA REIT is unable to reasonably restructure such E.U. Retention Interest or (ii) otherwise results in the securitization transaction contemplated by the Transaction Documents becoming non-compliant with the E.U. Retention Requirements. “E.U. Retention Requirements” has the meaning specified in Section 8.02(b). “Eurodollar Advance” means a Series 2018-1 Class A Advance that bears interest at the Eurodollar Rate during such time as it bears interest at such rate, as provided herein. “Eurodollar Business Day” means any Business Day on which dealings are also carried on in the London interbank market and banks are open for business in London. “Eurodollar Funding Rate” means, for any Eurodollar Interest Accrual Period, (i) the rate per annum determined by the Administrative Agent at approximately 11:00 a.m. (London time) on the date that is two Eurodollar Business Days prior to the beginning of such Eurodollar Interest Accrual Period on the page of the Reuters screen which displays the London interbank offered rate administered by ICE 5 XXXXXXXXXX00\00000000
Sample 1
Eligible Conduit Investor means, at any time, any Conduit Investor whose Commercial Paper at such time is rated by at least one of the Specified Rating Agencies and is rated at least “A” from S&P Global Ratings or KBRA and/or the equivalent rating of another “nationally-recognized statistical rating organization” registered with the SEC. “EU Bail-In Legislation Schedule” means the EU Bail- In Legislative Schedule published by the Loan Market Association (or any successor person), as in effect from time to time.
Sample 1
Eligible Conduit Investor means, at any time, any Conduit Investor whose Commercial Paper at such time is rated by at least one of the Specified Rating Agencies and is rated at least “A” from S&P Global Ratings or KBRA and/or the equivalent rating of another “nationally-recognized statistical rating organization” registered with the SEC. “EU Bail-In Legislation Schedule” means the EU Bail- In Legislative Schedule published by the Loan Market Association (or any successor person), as in effect from time to time.
Sample 1

Related to Eligible Conduit Investor

  • Eligible child means the children of:

  • Eligible Contract Participant means an “eligible contract participant” as defined in the CEA and regulations thereunder.

  • Eligible LC Bank means either a U.S. commercial bank, or a foreign bank issuing a Letter of Credit through its U.S. branch; and in each case the issuing U.S. commercial bank or foreign bank must be acceptable to Buyer in its sole discretion and such bank must have a Credit Rating of at least: (a) “A-, with a stable designation” from S&P and “A3, with a stable designation” from Moody’s, if such bank is rated by both S&P and Moody’s; or (b) “A-, with a stable designation” from S&P or “A3, with a stable designation” from Moody’s, if such bank is rated by either S&P or Moody’s, but not both, even if such bank was rated by both S&P and Moody’s as of the date of issuance of the Letter of Credit but ceases to be rated by either, but not both of those ratings agencies.

  • Eligible Collateral means, with respect to a party, the items, if any, specified as such for that party in Paragraph 13.

  • Disqualified Institution means those Persons (the list of all such Persons, the “Disqualified Institutions List”) that are (i) identified in writing by the Lead Borrower to the Administrative Agent prior to the date hereof, (ii) competitors of the Lead Borrower and its Subsidiaries (other than bona fide fixed income investors or debt funds) that are identified in writing by the Lead Borrower from time to time or (iii) Affiliates of such Persons set forth in clauses (i) and (ii) above (in the case of Affiliates of such Persons set forth in clause (ii) above, other than bona fide fixed income investors or debt funds) that are either (a) identified in writing by the Lead Borrower to the Administrative Agent from time to time or (b) clearly identifiable on the basis of such Affiliate’s name; provided, that, to the extent Persons are identified as Disqualified Institutions in writing by the Lead Borrower to the Administrative Agent after the Closing Date pursuant to clauses (ii) or (iii)(a), the inclusion of such Persons as Disqualified Institutions shall not retroactively apply to prior assignments or participations in respect of any Loan under this Agreement. Until the disclosure of the identity of a Disqualified Institution to the Lenders generally by the Administrative Agent in writing, such Person shall not constitute a Disqualified Institution for purposes of a sale of a participation in a Loan (as opposed to an assignment of a Loan) by a Lender; provided, that no disclosure of the Disqualified Institutions List (or the identity of any Person that constitutes a Disqualified Institution), in part or in full, to the Lenders shall be made by the Administrative Agent without the prior written consent of the Lead Borrower. Notwithstanding the foregoing, the Lead Borrower, by written notice to the Administrative Agent, may from time to time in its sole discretion remove any entity from the Disqualified Institutions List (or otherwise modify such list to exclude any particular entity), and such entity removed or excluded from the Disqualified Institutions List shall no longer be a Disqualified Institution for any purpose under this Agreement or any other Loan Document.

  • Nonpurpose Investment means any investment property, as defined in section 148(b) of the Code, in which Gross Proceeds of the Bonds are invested and which is not acquired to carry out the governmental purposes of the Bonds.