Initial Ratings definition

Initial Ratings 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 Closing Date and "Initial Rating" means each such rating.

Initial Ratings 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 Ratings means in respect of any Class of Notes and the Rating Agency, the ratings assigned to such Class of Notes, as applicable, by the Rating Agency as at the relevant Closing Date and “Initial Rating” means each such rating.

Examples of Initial Ratings in a sentence

• We have also examined such other documents, instruments, e-mails and other correspondence and information related to or incidental to the transactions covered by the Base Prospectus, the Preliminary Prospectus Supplement, the Initial Ratings FWP, the Exhibit I FWP, the Replines FWP, the Prospectus Supplement and the Final Ratings FWP as we have considered necessary as a basis for our opinion.

• Any failure by the Issuer to acquire such additional Collateral Debt Obligations because of its inability to enter into required additional Hedge Transactions could result in an Effective Date Rating Event or downgrade or withdrawal by a Rating Agency of its Initial Ratings of any Class or Classes of Notes.

• The Notes may be subject to mandatory redemption in certain circumstances, including upon breach of any Coverage Test or following the occurrence of an Effective Date Rating Event, in each case, to the extent required, respectively, to procure that such Coverage Test would be satisfied if recalculated immediately following such redemption or that the Initial Ratings of the Notes would be reinstated or confirmed, following such Effective Date Rating Event.

• Withdrawal Or Downgrade Of Initial Ratings May Decrease The Prices Of Your Notes A security rating is not a recommendation to buy, sell or hold securities.

• Rating Agency Confirmation from S&P not having been received following the Effective Date, provided that any downgrade or withdrawal of any of the Initial Ratings of the Notes which is not directly related to a request for confirmation thereof or which occurs after confirmation thereof by the Rating Agencies shall not constitute an Effective Date Rating Event.

More Definitions of Initial Ratings

Initial Ratings means each of the ratings assigned to the Notes by the Rating Agencies as at the Closing Date.

Initial Ratings means, with respect to the Secured Notes, the ratings, if any, indicated in Section 2.3 hereof.

Initial Ratings means the ratings of the Notes assigned by the Rating Agencies as of the Closing Date.

Initial Ratings. The initial rating given to the Class A Notes by S&P on the Closing Date.

Initial Ratings. The initial rating given to the Class A Notes by S&P on the Second Amendment Date.

Initial Ratings means, for any Rating Agency, the Rating assigned to the Initial Securities by such Rating Agencies as of the Closing Date.

Initial Ratings means in respect of any Class of Offered Securities and any Rating Agency, the ratings assigned to such Class of Offered Securities by such Rating Agency as at the Issue Date and "Initial Rating" means each such rating.