Initial Rating definition
Initial Rating. With respect to the Secured Notes, the rating or ratings, if any, indicated in Section 2.3.
Initial Rating. With respect to the Secured Debt, the rating or ratings, if any, indicated in Section 2.3.
Initial Rating means the rating given to the Loans by S&P as of the Closing Date.
Examples of Initial Rating in a sentence
An Officer’s certificate of the Issuer to the effect that attached thereto is a true and correct copy of a letter signed by the Rating Agency and confirming that each Class of Secured Debt has been assigned the Initial Rating and that such rating is in effect on the Closing Date.
More Definitions of Initial Rating
Initial Rating means in respect of any Class of Notes and any Rating Agency, the ratings assigned to such Class of Notes by such Rating Agency as at the Issue Date.
Initial Rating means, with respect to the Secured Notes of any Class, the rating or ratings, if any, indicated in Section 2.3.
Initial Rating means in respect of any Class of Senior Notes and any Rating Agency, the ratings assigned to such Class of Senior Notes by such Rating Agency as at the Closing Date and "Initial Ratings" means each such rating.
Initial Rating means the rating given to the Loans by DBRS as of the Closing Date.
Initial Rating. With respect to the Secured Notes, the rating or ratings, if any, indicated in Section 2.3. “Instrument”: The meaning specified in Section 9-102(a)(47) of the UCC. “Interest Accrual Period”: (i) With respect to the first Payment Date, the period from and including the Closing Date to but excluding the first Payment Date and (ii) with respect to each succeeding Payment Date, the period from and including the immediately preceding Payment Date to but excluding the following Payment Date until the principal of the Secured Notes is paid or made available for payment (or, in the case of a Note that is being redeemed on a Redemption Date related to a Refinancing or on a Re-Pricing Date, to but excluding such Redemption Date or Re-Pricing Date); provided, that any interest-bearing notes issued after the Closing Date in accordance with the terms of this Indenture will accrue interest during the Interest Accrual Period in which such additional notes are issued from and including the applicable date of issuance of such additional notes to but excluding the last day of such Interest Accrual Period at the applicable Interest Rate; provided further, that, solely with respect to the Fixed Rate Notes, the Payment Dates referenced for purposes of determining any Interest Accrual Period shall be deemed to be the dates set forth in the definition of “Payment Date” (irrespective of whether such day is a Business Day) and for any Payment Date that is a Redemption Date, the Payment Date shall be the Redemption Date; provided, further that if any Unfunded Class Funding occurs on a date that is not a Payment Date, the initial Interest Accrual Period with respect to the funded Class E Notes shall be the period from and including the Funding Date to but excluding the next succeeding Payment Date. “Interest Collection Subaccount”: The meaning specified in Section 10.2(a).
Initial Rating means the "AA(sf)" rating given to the Facility by DBRS as of the Original Closing Date.
Initial Rating. With respect to the Secured Notes, the rating or ratings, if any, indicated in Section 2.3 on the First Refinancing Date.