Implied Rating shall have the meaning specified in Section 5.1(hh) of the Note Funding Agreement.
Implied Rating shall have the meaning specified in Section 5.1(hh) of the Note Purchase Agreement.
Implied Rating means the rating by Mxxxx’x of the senior unsecured debt of MLI adjusted downward two notches.
Examples of Implied Rating in a sentence
Difference Between Implied Rating and Assigned RatingThere is no difference between model implied rating and final assigned rating.
The Master Servicer may effect only one such Ratings Cure prior to obtaining an External Rating that is equal to or better than the Implied Rating.
If the External Rating is less than the Implied Rating, then the Master Servicer may effect a Ratings Cure (as defined below).
The Parent Borrower will cause (a)(i) a Senior Implied Rating, in the case of Xxxxx’x or (ii) an Issuer Credit Rating, in the case of S&P, for the Parent Borrower and (b) credit ratings for the Facility from Xxxxx’x and S&P to be maintained at all times.
With the Market Implied Rating, the rating is calculated on the basis of the risk premium that a company has to pay for its bonds compared to "risk-free liabilities" on the market.
More Definitions of Implied Rating
Implied Rating means, as of any date, the Status on such day determined in accordance with the following rules:
Implied Rating has the meaning set forth in Section 7.1(k).
Implied Rating. An Obligor with respect to Commercial Receivables will have an "Implied Rating" if it meets one of the following conditions as so certified by the Servicer to the Trustee: (i) if any debt securities of such Obligor are rated by Standard & Poor's Corporation the Implied Rating will be equal to the senior unsecured debt rating of such Obligor, (ii) if the debt obligations of such Obligor are not rated by Standard & Poor's Corporation, but such obligations are guaranteed by a holding company, an Affiliate or other entity which has a senior unsecured debt rating from Standard & Poor's Corporation, the Implied Rating will be equal to such senior unsecured rating or (iii) if such Obligor is a Non-U.S. Obligor whose debt obligations are not rated by Standard & Poor's Corporation, but such obligations are either guaranteed by the related national government or a majority of its stock is owned by such national government, the Implied Rating of such Obligor will be equal to the Standard & Poor's Corporation rating of such related national government.
Implied Rating. An Obligor with respect to Commercial Receivables and Government Subcontract Receivables will have an "Implied Rating" if it meets one of the following conditions as so certified by the Servicer to the Trustee: (i) if any debt securities of such Obligor are rated by a Rating Agency the Implied Rating will be equal to the senior unsecured debt rating of such Obligor or if any such debt securities has a split rating, the lower of such ratings then in effect, (ii) if the debt obligations of such Obligor are not rated by a Rating Agency, but such obligations are guaranteed by a holding company, an Affiliate or other entity which has a senior unsecured debt rating from a Rating Agency, the Implied Rating will be equal to such senior unsecured rating or (iii) if such Obligor is a Non-U.S. Obligor whose debt obligations are not rated by a Rating Agency, but such obligations are either guaranteed by the related national government or a majority of its stock is owned by such national government the Implied Rating of such Obligor will be equal to the Rating Agency's rating of such related national government. For purposes of this definition and Section 7.06 hereof, Kaiser-Hill Co., LLC will be deemed to have an Implied Ratixx xx "XXX-" with respect to the Contract listed on the Primary Contract List on the date hereof, as the same such Contract may be amended or supplemented from time to time.
Implied Rating means the long-term senior unsecured non- -------------- credit-enhanced debt rating which is one sub-grade below the rating assigned by Xxxxx'x to the senior secured debt securities of the Borrower.
Implied Rating means, with respect to a Person, the most recent rating issued from time to time by the Rating Agencies as is applicable to such Person's senior unsecured long-term debt, or if no such senior unsecured long-term debt is outstanding, then the most recent rating issued from time to time by the Rating Agencies as would hypothetically be applicable to such Person's senior unsecured long-term debt (I.E., an implied rating).
Implied Rating is defined in Section 6.1(s).”