Rated Facility definition

Rated Facility. The obligations of the Borrower to repay Advances and to pay Interest and Facility Fees (other than Subordinate Interest and Fees) in accordance with this Agreement.
View Source

Examples of Rated Facility in a sentence

  • The Borrower shall not enter into any interest rate cap unless the Rating Agency shall have confirmed in writing to the Borrower and the Facility Agent that entering into such transaction will not result in the reduction of its rating of the Rated Facility to below the Required Facility Rating or in a withdrawal of its rating of the Rated Facility.

  • In consideration for the payment by the Borrower of the Servicing Fee, the initial Servicer will be required to pay (i) all reasonable fees and expenses owing to any bank or trust company in connection with the maintenance of the Collection Account and the Backup Servicer Fee pursuant to the Backup Servicing Agreement and the Custodian Fee pursuant to the Custody Agreement, and (ii) the fees and expenses of the Rating Agency in connection with its initial rating of the Rated Facility.