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

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.

• In respect of the file provided to S&P in connection with the Issuer’s request to S&P to confirm its Initial Ratings of each Class of Notes pursuant to Section 7.18, such file shall include a separate breakdown of the Aggregate Principal Balance and identity of all Collateral Obligations with respect to which the Issuer has entered into a binding commitment to acquire but with respect to which no settlement has occurred.

• 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 following such redemption or that the Initial Ratings of the Notes would be reinstated or confirmed.

• The Depositor will transmit each of the Pricing Free Writing Prospectus, the Initial Ratings Free Writing Prospectus and the Ratings Free Writing Prospectus to the Commission pursuant to Rule 433 by a means reasonably calculated to result in a filing that complies with all applicable provisions of Rule 433.

More Definitions of Initial Ratings

Initial Ratings means the ratings given by S&P to the Revolving Loans (and, if any Term Loans are outstanding on such date, the Term Loans) on the Initial Rating Date.

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

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

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

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

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

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.