Minimum Shadow Rating definition

Minimum Shadow Rating means “A2” by Moody’s or “A” by Fitch (or the equivalent from any alternative rating agency approved by the Agent pursuant to Section 5.01(o)).
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Minimum Shadow Rating has the meaning set forth in Section 9.21.
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Minimum Shadow Rating has the meaning assigned to that term in Section 5.01(dd) hereof.
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Examples of Minimum Shadow Rating in a sentence

  • Notwithstanding the foregoing, it is understood and agreed that, so long as the Borrower, BCC and the Master Agent Servicer make a good faith effort to obtain a Minimum Shadow Rating in accordance with the provisions of this paragraph, the failure to obtain such Minimum Shadow Rating will not constitute an Event of Default hereunder.

  • The Borrower, BCC and the Master Agent Servicer shall, in consultation with the Agent, make a good faith effort to obtain a long-term shadow rating for the Advances from ▇▇▇▇▇’▇ (or, to the extent the Agent determines that such a shadow rating is not available from ▇▇▇▇▇’▇, from Fitch) of not less than the Minimum Shadow Rating within one year of the Closing Date.

  • In furtherance of the foregoing and thereafter from time to time as may be necessary, each of the Borrower, BCC and the Master Agent Servicer shall (A) cooperate with each applicable rating agency in connection with any review of the Related Documents which may be undertaken by such rating agency and (B) provide each rating agency with such information or access to such information as they may reasonably request in connection with any future review of the Minimum Shadow Rating.

  • The cost of obtaining a Minimum Shadow Rating shall be borne solely by the Seller.

  • In the event the Borrower, BCC and the Master Agent Servicer, in consultation with the Agent, are unable to obtain the Minimum Shadow Rating from either ▇▇▇▇▇’▇ or Fitch within one year of the Closing Date, such Brooke Parties will make a good faith effort to obtain the Minimum Shadow Rating from Standard & Poor’s.


More Definitions of Minimum Shadow Rating

Minimum Shadow Rating means a rating with respect to the financing facility contemplated hereunder of not lower than "A3" from Moody's and "A-" from Fitch.
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Related to Minimum Shadow Rating

  • S&P Rating means, at any time, the rating issued by S&P and then in effect with respect to the Borrower’s senior unsecured long-term debt securities without third-party credit enhancement.

  • Threshold Rating means the short-term unsecured debt rating of P-1 by Moody’s and the short-term issuer credit rating of A-1 by Standard & Poor’s.

  • M▇▇▇▇’▇ Rating means, with respect to a Reference Obligation, as of any date of determination:

  • ▇▇▇▇▇’▇ Rating means, at any time, the rating issued by ▇▇▇▇▇’▇ and then in effect with respect to the Borrower’s senior unsecured long-term debt securities without third-party credit enhancement.

  • Initial Rating With respect to the Secured Notes, the rating or ratings, if any, indicated in Section 2.3.