Examples of Rated Certificates in a sentence
So long as any Rated Certificates are Outstanding, the Depositor shall maintain legal and beneficial ownership of at least 51% of the Outstanding Principal Amount of the Class D-R Certificates, unless otherwise agreed to by the Controlling Holders.
This undertaking shall not be waived, rescinded or otherwise modified without the written consent of each of the entities set forth in such Section 3.22(l) and written confirmation from each Rating Agency for the Rated Certificates to the effect that such waiver, rescission or other modification shall not result in an Adverse Rating Event with respect to any Class of Rated Certificates rated by such Rating Agency.
On or before each date for the first Funding by the Holders of a Class of Rated Certificates in this Series, the Depositor shall provide written confirmation from the Rating Agency of the initial rating on the all of the Rated Certificates in this Series.
The Seller shall provide notice of any merger, consolidation or succession pursuant to this Section to each Rating Agency and shall receive from each Rating Agency a letter to the effect that such merger, consolidation or succession will not result in a qualification, downgrading or withdrawal of the then-current ratings on the Rated Certificates.
The Trust shall reimburse from funds on deposit in the Reserve Account all reasonable fees, costs and expenses incurred by the Certificateholder Agent and the Holders of the Rated Certificates in connection with their review of this Agreement, including without limitation the reasonable fees of their special counsel (namely, Day, Xxxxx & Xxxxxx LLP).
The Seller shall provide notice of any merger, consolidation or succession pursuant to this Section to each Rating Agency and shall receive from each Rating Agency a letter to the effect that such merger, consolidation or succession will not result in a qualification, downgrading or withdrawal of its then-current rating of the Rated Certificates.
It shall be a condition to any Funding under this Series after September 10, 1999 that prior to such Funding there shall have been delivered to the Trustee and each Holder of Rated Certificates a legal opinion of counsel to the Company, the Depositor and the Servicer, inform and substance satisfactory to such Holders, with respect to this Supplement and such related matters as such Holders may reasonably request.
The Seller hereby certifies to the Trustee that the rating agency rating the Rated Certificates is the Rating Agency, and that its address is as set forth in Section 13.05.
Any Fiscal Agent shall at all times maintain a long-term unsecured debt rating of no less than "Aa3" from Xxxxx'x and "AA-" from S&P (or, in the case of either Rating Agency, such lower rating as will not result in an Adverse Rating Event with respect to any Class of Rated Certificates (as confirmed in writing to the Trustee and the Depositor by such Rating Agency)).
The Seller shall provide notice of any merger, consolidation or succession pursuant to this Section to each Rating Agency and shall deliver to the Trustee a letter from each Rating Agency to the effect that such merger, consolidation or succession will not result in a qualification, reduction or withdrawal of the then-current rating of the Rated Certificates.