Prime-1 definition

Prime-1 by Moody's;

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Prime-1 and "A-1+" to the Class A-1 Notes, (ii) "Aaa" and "AAA" to the Class A-2 Notes, the Class A-3 Notes and the Class A-4 Notes, (iii) "Aa3" and "A" to the Class B Notes and (iv) "Baa3" and "BBB" to the Class C Notes.

Prime-1. Six Months "Aa3" and "Prime-1" Greater than Six Months "Aaa" and "Prime-1" EXHIBIT A ASSIGNMENT AND ASSUMPTION This Assignment and Assumption (the "ASSIGNMENT AND ASSUMPTION") is dated as of the Effective Date set forth below and is entered into by and between [INSERT NAME OF ASSIGNOR] (the "ASSIGNOR") and [INSERT NAME OF ASSIGNEE] (the "ASSIGNEE"). Capitalized terms used but not defined herein shall have the meanings given to them in the Credit Agreement identified below (as amended, the "CREDIT AGREEMENT"), receipt of a copy of which is hereby acknowledged by the Assignee. The Standard Terms and Conditions set forth in Annex 1 attached hereto are hereby agreed to and incorporated herein by reference and made a part of this Assignment and Assumption as if set forth herein in full. For an agreed consideration, the Assignor hereby irrevocably sells and assigns to the Assignee, and the Assignee hereby irrevocably purchases and assumes from the Assignor, subject to and in accordance with the Standard Terms and Conditions and the Credit Agreement, as of the Effective Date inserted by the Administrative Agent as contemplated below (i) all of the Assignor's rights and obligations in its capacity as a Lender under the Credit Agreement and any other documents or instruments delivered pursuant thereto to the extent related to the amount and percentage interest identified below of all of such outstanding rights and obligations of the Assignor under the respective facilities identified below and (ii) to the extent permitted to be assigned under applicable law, all claims, suits, causes of action and any other right of the Assignor (in its capacity as a Lender) against any Person, whether known or unknown, arising under or in connection with the Credit Agreement, any other documents or instruments delivered pursuant thereto or the loan transactions governed thereby or in any way based on or related to any of the foregoing, including contract claims, tort claims, malpractice claims, statutory claims and all other claims at law or in equity related to the rights and obligations sold and assigned pursuant to clause (i) above (the rights and obligations sold and assigned pursuant to clauses (i) and (ii) above being referred to herein collectively as the "ASSIGNED Interest"). Such sale and assignment is without recourse to the Assignor and, except as expressly provided in this Assignment and Assumption, without representation or warranty by the Assignor.

Examples of Prime-1 in a sentence

The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition, and the time deposits of the Indenture Trustee shall be rated at least A-1 by Standard & Poor’s and Prime-1 by Moody’s.
Posted Collateral in the form of Cash shall be invested in such overnight (or redeemable within two Local Business Days of demand) Permitted Investments rated at least (x) AAAm or AAAm-G by S&P and (y) Prime-1 by ▇▇▇▇▇’▇ or Aaa by ▇▇▇▇▇’▇, as directed by Party A.
The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition, and the time deposits of the Indenture Trustee shall be rated at least F-1 by Fitch and Prime-1 by Moody’s.
The Fund will generally invest in debt securities whose short-term rating is Prime1 by Moody's or A-1 or better by S&P or F1 or better by Fitch, or other debt obligations whose long- term rating is Aa3 or better by Moody's or AA- or better by S&P or Fitch.
The Fund will generally invest in debt securities whose short-term rating is Prime1 by Moody's or A-1 or better by S&P or F1 or better by Fitch, or other debt obligations whose long-term rating is Aa3 or better by Moody's or AA- or better by S&P or Fitch.
Notwithstanding the foregoing, if (i) CFSC is the Servicer, (ii) a Servicer Default shall not have occurred and be continuing and (iii) CFSC maintains a short-term rating of at least "A-1" by Standard & Poor's and "Prime-1" by Moody's, the Servicer may remit such collections with respect to each Collection Period to the Collection Account on or before the second Business Day prior to the following Distribution Date.
The Fund will generally invest in commercial paper or other money market instruments, including but not limited to commercial paper, agency discount notes, treasury bills and certificates of deposits, whose short term rating is Prime1 by Moody's or ▇- ▇ or better by S&P or F1 or better by Fitch, or other debt obligations whose long-term rating is Aa3 or better by Moody's or AA- or better by S&P or Fitch.
The Fund will generally invest in commercial paper or other money market instruments whose short term rating is, at time of purchase, Prime1 by Moody's or A-1 or better by S&P or F1 or better by Fitch, or other debt obligations whose long-term rating is Aa3 or better by Moody's or AA- or better by S&P or Fitch.
Posted Collateral in the form of Cash shall be invested in such overnight (or redeemable within two Local Business Days of demand) Permitted Investments rated at least (x) AAAm or AAAm-G by S&P and (y) Prime-1 by M▇▇▇▇’▇ or Aaa by M▇▇▇▇’▇, as directed by Party A.
The Owner Trustee shall at all times be a corporation satisfying the provisions of Section 3807(a) of the Statutory Trust Act; authorized to exercise corporate trust powers; having a combined capital and surplus of at least $50,000,000 and subject to supervision or examination by federal or state authorities; and having (or having a parent that has) time deposits that are rated at least A-1 by Standard & Poor’s and Prime-1 by Moody’s, or with respect to which the Rating Agency Condition has been satisfied.

More Definitions of Prime-1

Prime-1 by ▇▇▇▇▇'▇;

Prime-1. Issuer has a superior ability for repayment of senior short-term debt obligations.

Prime-1 by Moody's and its long-term, unsecured and unsubordinated debt obligations are rated at least as high as "A1", or such other ratings as may be agreed with Moody's from time to time.

Prime-1 by ▇▇▇▇▇'▇, the sum of: