Facility Rating definition

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

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

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 the facility rating assigned by the Rating Agency to the Facility.

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, 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 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 clause (i) or (ii) above, the Moody's Rating of such Collateral Obligation; provided that, for purposes of determining the Facility Rating of any Collateral Obligation pursuant to clause (i) or (ii) above, if the applicable rating assigned by Moody's to an obligor or its obligations is (A) on watch for possible upgrade by Moody's, such rating will be treated as being one sub-category above such assigned rating and (B) on watch for possible downgrade by Moody's, such rating will be treated as being one sub-category below such assigned rating.

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 publicly announced ratings by ▇▇▇▇▇'▇ and S&P on Borrower's Indebtedness evidenced by this Agreement and the Notes; provided, however, (i) in the event of a difference in such ratings between S&P and ▇▇▇▇▇'▇ when both of such ratings are BBB- and Baa3 or better, the Facility Rating shall be the higher of the two ratings, (ii) in the event of a difference in such ratings between S&P and ▇▇▇▇▇'▇ when one of such ratings is BB+ or Ba1, the Facility Rating shall be the lower of the two ratings and (iii) in the event ▇▇▇▇▇'▇ or S&P (but not both) publicly announces such a rating, such rating shall be the Facility Rating. The Facility Rating shall change if and when such rating(s) change.