Rating Confirmation means evidence that no Senior Bond rating in effect from a Rating Agency will be withdrawn or reduced solely as a result of an action to be taken under the Indenture.
Rating Confirmation means a written confirmation from each of the Rating Agencies (unless otherwise agreed by Lender) that an action shall not result in a downgrade, withdrawal or qualification of any securities issued in connection with a Securitization.
Rating Confirmation means a written notice from each Rating Agency that its rating on the Multi-Modal Bonds will not be suspended, withdrawn or reduced (by Fitch or Moody’s) or reduced in Rating Category (by other Rating Agencies) solely as a result of action proposed to be taken under the Certificate.
Examples of Rating Confirmation in a sentence
Without limitation, a modification that receives School Bond Rating Confirmation is not materially adverse to such Holders.
Except as provided in Section 8, the District may issue one or more Series of Additional Notes that are subordinate to all previously issued Series of Notes of the District without Credit Provider consent or a Rating Confirmation.
This Administration Agreement may be amended from time to time by the parties hereto so long as a Rating Confirmation has been obtained with respect to such amendment.
This Administration Agreement may not be assigned by the Administrator unless such assignment is previously consented to in writing by the Issuer, the Delaware Trustee and the Indenture Trustee, and unless a Rating Confirmation has been obtained with respect to such assignment.
Any such delegation or assignment of this Agreement to Subservicers, other than to Nelnet, may be made only (i) upon notice to the Rating Agencies, and (ii) if the Subservicer is not an Affiliate of the Master Servicer, upon receipt of a Rating Confirmation.
More Definitions of Rating Confirmation
Rating Confirmation with respect to the transaction or matter in question, means: (i) if all or any portion of the Loan, by itself or together with other loans, has been the subject of a Securitization, then each applicable Rating Agency shall have confirmed in writing that such transaction or matter shall not result in a downgrade, qualification, or withdrawal of any rating then in effect for any certificate or other securities issued in connection with such Securitization; and (ii) if all of the Loan has not been the subject of a Securitization, then Lender shall have determined in its reasonable discretion (taking into consideration such factors as Lender may in good faith determine, including the attributes of the loan pool in which the Loan might reasonably be expected to be securitized) that no rating for any certificate or other securities that would be issued in connection with a Securitization of such portion of the Loan will be downgraded, qualified, or withheld by reason of such transaction or matter.
Rating Confirmation with respect to any transaction, matter or action in question, means: (i) if all or any portion of the Loan, by itself or together with other loans, has been the subject of a Secondary Market Transaction, the written confirmation of the Rating Agencies that such transaction, matter or action shall not, in and of itself, result in the downgrading, withdrawal or qualification of the then-current ratings assigned to any of the Securities issued in connection with a Secondary Market Transaction; and (ii) if any portion of the Loan has not been the subject of a Secondary Market Transaction, Lender shall have determined in its reasonable discretion (taking into consideration such factors as Lender may determine, including the attributes of the loan pool in which any portion of the Loan reasonably be expected to be securitized) that no rating for any Securities that would be issued in connection with a Secondary Market Transaction involving any of such portion of the Loan would be downgraded, qualified, or withheld by reason of such transaction, matter or action.
Rating Confirmation with respect to the matter in question, shall mean that as a condition precedent thereto one or more of the Rating Agencies shall have confirmed in writing that such action shall not result, in and of itself, in a downgrade, withdrawal or qualification to any rating then assigned to any outstanding Securities.
Rating Confirmation means, with respect to a proposed action, a written confirmation from the Rating Agency to the effect that such action will not cause the Rating Agency to lower, suspend or withdraw the rating then assigned by the Rating Agency to any Bonds (other than Subordinate Bonds) without regard to any Credit Facilities securing any such Bonds.
Rating Confirmation means the written confirmation of each Rating Service to the effect that the rating assigned, without regard to any insurance or other credit enhancement, to each of the Bonds rated by such Rating Service will remain unchanged and will not be withdrawn, suspended or reduced as a consequence of some act or occurrence.
Rating Confirmation means written evidence that no rating that has been requested by HRTAC and is then in effect from a Rating Agency with respect to a Series of Bonds will be withdrawn, reduced, or suspended solely as a result of an action to be taken hereunder.
Rating Confirmation means written evidence that no rating that has been requested by the Transportation Board and is then in effect from a Rating Agency with respect to a Bond will be withdrawn, reduced, or suspended solely as a result of an action to be taken hereunder.