Facility Rating definition

Facility Rating means the output potential the Facility can produce under specified conditions, which is generally expressed in kW-AC or MW-AC.

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Facility Rating means, as of any date, the credit rating provided by ▇▇▇▇▇’▇, S&P or Fitch, as applicable, for the Facility provided hereunder.

Facility Rating means the facility rating assigned by National Rural to an Eligible Security from time to time in accordance with National Rural's internal risk rating system.

Examples of Facility Rating in a sentence

Distribution, as the average ratio of the most recent three full calendar years for which financial information is available, is greater than or equal to 1.35; (3) Equity to Total Assets Ratio, as the average ratio of the most recent three full calendar years for which financial information is available, is greater than or equal to 20%; and (4) the Eligible Security has a Facility Rating by National Rural of “4.9” or lower.
The Borrower shall not enter into any interest rate cap unless the Rating Agency shall have confirmed in writing to the Borrower and the Facility Agent that entering into such transaction will not result in the reduction of its rating of the Rated Facility to below the Required Facility Rating or in a withdrawal of its rating of the Rated Facility.
The Company shall obtain a Facility Rating from each of S&P, ▇▇▇▇▇'▇ and Fitch no later than 90 days after the Closing Date.
Such substitution shall be subject to (i) the substituting Qualified Loan shall have a Facility Rating at the time of substitution equal to or better than the Qualified Loan being substituted or (ii) ▇▇▇▇▇▇ Mac’s approval of the new Qualified Loan, which shall not be unreasonably withheld or delayed.
The Applicable LIBOR Rate Margin in respect of any LIBOR Advance shall be adjusted, as applicable from time to time, effective on the first day of the Interest Period for any LIBOR Advance after any change in the Facility Rating or the Senior Public Debt Rating, as applicable.

More Definitions of Facility Rating

Facility Rating means, for any rating agency at any time, the rating then in effect from such rating agency applicable to the Obligations of the Borrower under this Agreement.

Facility Rating a rating of the Credit Facilities by a Rating Agency.

Facility Rating means, as of any date, the credit rating provided by Moody’s, S&P or Fitch, as applicable, for the Facility provided

Facility Rating means, with respect to any Collateral Obligation, (i) the Moody's rating issued with respect to such Collateral Obligation or (ii) if there is no Moody's rating of such Collateral Obligation, the Moody's rating issued with respect to another obligation of the same obligor that is at the same level of seniority with such Collateral Obligation or (iii) if there are no applicable ratings as described in (i) or (ii), the Moody's Rating of such Collateral Obligation; provided that, for purposes of determining the Facility Rating of any Collateral Obligation pursuant to clauses (i) or (ii) above, if the applicable rating assigned by Moody's to an obligor or its obligations (other than Structured Finance Obligations) is (I) on watch for possible upgrade by Moody's, such rating will be treated as being one sub-category above such assigned rating and (II) on watch for possible downgrade by Moody's, such rating will be treated as being one sub-category below such assigned rating.

Facility Rating means, as of any date, the credit rating by Moody’s, S&P or Fitch, as applicable, for the Facilities provided hereunder. “FATCA” means Sections 1471 through 1474 of the Code, as of the date of this Agreement (or any amended or successor version that is

Facility Rating. The facility rating assigned by the Seller to a Qualified Loan from time to time in accordance with the Seller’s internal risk rating system.

Facility Rating means the second highest of the publicly announced ratings by any two (2) or more of Moody's, S&P and Fitch's Investment Service, as selected by Borrowe▇, ▇▇ ▇orrower's Indebtedness evidenced by this Agreement and the Notes; provided, however, (i) if none of such ratings is from Moody's and S&P, there shall be no Facility Rating, (ii) if the onl▇ ▇▇▇▇ ratings are from Moody's and S&P, the Facility Rating shall be the higher of the two ▇▇▇▇▇▇s, and (iii) if there is only one such rating, there shall be no Facility Rating, unless such rating is from Moody's or S&P, in which event such rating shall be the Facility Ra▇▇▇▇. ▇he Facility Rating shall change if and when such rating(s) change.