KBRA definition

KBRA means ▇▇▇▇▇ Bond Rating Agency, Inc. and its successors in interest.

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KBRA. ▇▇▇▇▇ Bond Rating Agency, Inc. or its successors in interest. If neither KBRA nor any successor remains in existence, “KBRA” shall be deemed to refer to such other nationally recognized statistical rating agency or other comparable Person reasonably designated by the Depositor, notice of which designation shall be given to the Trustee, the Certificate Administrator, the Master Servicer and the Special Servicer and specific ratings of KBRA herein referenced shall be deemed to refer to the equivalent ratings (as reasonably determined by the Depositor) of the party so designated.

KBRA means ▇▇▇▇▇ Bond Rating Agency, Inc.

Examples of KBRA in a sentence

• In the event that a liquidation of the Assets is effected pursuant to clause (i), (ii), (iii) or (iv) above, the Trustee shall notify KBRA.

• The Issuer shall provide KBRA with written notice of any supplemental indenture that permits the Issuer to enter into a hedge agreement (including the strike rate and notional detail of the proposed hedge agreement), and the Issuer shall only enter into such hedge agreement with a counterparty that has the minimum ratings required by KBRA at the time the Issuer enters into such hedge agreement, unless KBRA provides written confirmation that such counterparty is not required to have such minimum ratings.

• On or before December 31 of each calendar year, commencing in 2026, the Issuer shall provide KBRA via K▇▇@▇▇▇▇.▇▇▇ with (i) the financial statements of each Obligor of a Collateral Obligation and (ii) financial information with respect to any new Collateral Obligations.

More Definitions of KBRA

KBRA means ▇▇▇▇▇ Bond Rating Agency, LLC, or any successor that is a nationally recognized statistical rating organization.

KBRA. ▇▇▇▇▇ Bond Rating Agency, Inc. or its successor-in-interest. If neither such rating agency nor any successor remains in existence, “KBRA” shall be deemed to refer to such other NRSRO or other comparable Person reasonably designated by the Depositor (and such designation shall be deemed to be reasonable if the Person so designated is an NRSRO that has been regularly engaged in rating new issue commercial mortgage-backed securities transactions during the 12 months preceding the designation), notice of which designation shall be given to the other parties hereto, and specific ratings of KBRA herein referenced shall be deemed to refer to the equivalent ratings of the party so designated. References herein to “applicable rating category” (other than such references to “highest applicable rating category”) shall, in the case of KBRA, be deemed to refer to such applicable rating category of KBRA, without regard to any plus or minus or other comparable rating qualification.

KBRA. ▇▇▇▇▇ Bond Rating Agency, Inc.

KBRA means Kroll Bond Rating Agency, Inc.

KBRA means Kroll Bond Rating Agency, LLC or any successor thereto.

KBRA means Kr▇▇▇ ▇ond Rating Agency, LLC and its successors in interest.

KBRA means Kroll Bond Rating Agency, LLC, and its successors and assigns.