RATING BASIS definition

RATING BASIS. RATE: Gross Receipts: Premises/Operations [ ] [ ] Products [ ] [ ] Employee Benefits [ ]
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RATING BASIS. Per Vehicle and cost of hire and no. employees (no insured vehicles at present) Carrier: St. P▇▇▇ Fire & Marine Insurance Company Policy Number: TE00801486 Policy Term: December 15, 2006 to December 15, 2007 Premium: $ T.B.D. annual subject to changes during the year Description of Coverage: 1. Policy pays sums you legally must pay as damages because of bodily injury and property damage caused by an accident arising from the ownership, maintenance or use of a covered automobile. “Non-owned”/Hired included.
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RATING BASIS. Per Vehicle and cost of hire and no. employees (no vehicles insured) Carrier: St. P▇▇▇ Fire & Marine Insurance Company Policy Number: TE00801487 Policy Term: December 15, 2006 to December 15, 2007 Premium: $ 34,145annual + $973 for terrorism Description of Coverage: Coverage A. Policy pays amounts you are legally required to pay as damages for injury or damage in excess of your primary insurance. Coverage B. Policy pays amounts you are legally required to pay as damages for injury or damage in that is not covered by your primary insurance, unless otherwise excluded by this policy. Limits: $ 5,000,000 Each Occurrence $ 5,000,000 Personal & Advertising Injury $ 5,000,000 General Aggregate $ 5,000,000 Products & Completed Operations Aggregate Deductible: $ 10,000 Umbrella only (not excess)
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Examples of RATING BASIS in a sentence

  • The limit of insurance must be the replacement cost value (Rating Basis Code 2) of the property to be insured.

Related to RATING BASIS

  • Rating Date means the date which is 90 days prior to the earlier of (i) a Change in Control and (ii) public notice of the occurrence of a Change in Control or of the intention of the Company to effect a Change in Control.

  • Rating Point means the V&H coordinates associated with a particular telephone number for rating purposes.

  • Investment Grade Credit Rating means (a) with respect to Fitch, a credit rating of BBB- or higher, (b) with respect to ▇▇▇▇▇’▇, a credit rating of Baa3 or higher and (c) with respect to S&P, a credit rating of BBB- or higher.

  • Required Special Servicer Rating means with respect to a special servicer (i) in the case of Fitch, a rating of “CSS3”, (ii) in the case of S&P, such special servicer is on S&P’s Select Servicer List as a U.S. Commercial Mortgage Special Servicer, (iii) in the case of ▇▇▇▇▇’▇, such special servicer is acting as special servicer for one or more loans included in a commercial mortgage loan securitization that was rated by ▇▇▇▇▇’▇ within the twelve (12) month period prior to the date of determination, and ▇▇▇▇▇’▇ has not downgraded or withdrawn the then-current rating on any class of commercial mortgage securities or placed any class of commercial mortgage securities on watch citing the continuation of such special servicer as special servicer of such commercial mortgage loans, (iv) in the case of Morningstar, such special servicer has a ranking by Morningstar equal to or higher than “MOR CS3” as a special servicer, provided that if Morningstar has not issued a ranking with respect to such special servicer, such special servicer is acting as special servicer in a commercial mortgage loan securitization that was rated by a Rating Agency within the twelve (12) month period prior to the date of determination, and Morningstar has not downgraded or withdrawn the then-current rating on any class of commercial mortgage securities or placed any class of commercial mortgage securities on watch citing the continuation of such special servicer as special servicer of such commercial mortgage securities, (v) in the case of KBRA, KBRA has not cited servicing concerns of such special servicer as the sole or material factor in any qualification, downgrade or withdrawal of the ratings (or placement on “watch status” in contemplation of a ratings downgrade or withdrawal) of securities in a transaction serviced by such special servicer prior to the time of determination, and (vi) in the case of DBRS, such special servicer is acting as special servicer in a commercial mortgage loan securitization that was rated by DBRS within the twelve (12) month period prior to the date of determination and DBRS has not downgraded or withdrawn the then-current rating on any class of commercial mortgage securities or placed any class of commercial mortgage securities on watch citing the continuation of such special servicer as special servicer of such commercial mortgage securities as a material reason for such downgrade or withdrawal.

  • Highest Credit Rating Available The highest rating category (disregarding any plus or minus or any numerical or other subcategory) of any Rating Agency. Holders: With respect to the Trust Fund, all of the Certificateholders of REMIC Certificates. With respect to the Lower Tier REMIC, the RL Class Certificateholder and the Trustee, as the case may be, as holders of the Lower Tier Interests.