Rating Threshold definition

Rating Threshold means Aa3 for Moody’s and AA- for S&P (or equivalent ratings if other rating agencies are the Bond Rating Agencies).

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Rating Threshold means, with respect to any Series, the ratings from Moody’s, S&P and/or Fitch designated as the “Rating Threshold” in the related Series Trust Agreement.

Rating Threshold means (i) BB + pursuant to the rating scale of Standard & Poor's and Fitch Ratings, or (ii) Ba1, according to the Rating indicators scale of Moody's Investor Service.

Examples of Rating Threshold in a sentence

• For the purposes of determining whether a Financial Distress Event has occurred pursuant to the provisions of paragraph 34.1.1, the credit rating of the Supplier, the (as the case may be) shall be deemed to have dropped below the applicable Credit Rating Threshold if any of the Rating Agencies have rated the Supplier or relevant Sub-Contractor (as the case may be)] at or below the applicable Credit Rating Threshold.

• If at any time the Custodian does not have credit ratings from S&P at least equal to the Custodian Required Rating Threshold, the Custodian must within 60 days obtain a replacement Custodian with credit ratings from S&P at least equal to the Custodian Required Rating Threshold.

• A Custodian of Party B will be entitled to hold Posted Collateral on behalf of Party B pursuant to Paragraph 6(c) , provided that such Custodian satisfies the Custodian Required Rating Threshold.

• If at any time the Custodian does not have credit ratings from S&P at least equal to the Custodian Required Rating Threshold, the Trustee must within 60 days obtain a replacement Custodian with credit ratings from S&P at least equal to the Custodian Required Rating Threshold.

• For the purposes of determining whether a Financial Distress Event has occurred pursuant to the provisions of paragraph 142.1.1, the credit rating of the Supplier or the Framework Guarantor (as the case may be) shall be deemed to have dropped below the applicable Credit Rating Threshold if any of the Rating Agencies have rated the Supplier or the Framework Guarantor (as the case may be) at or below the applicable Credit Rating Threshold.

• The Supplier shall promptly notify (or shall procure that its auditors promptly notify) the Authority in writing if it ceases, or the Framework Guarantor ceases, to maintain a long term credit rating above the relevant Credit Rating Threshold (and in any event within ten (10) Working Days of ceasing to have such credit rating), whereupon the Supplier shall ensure that its auditors calculate such financial ratios as may be reasonably requested in writing by the Authority.

• In the event the Swap Custodian does not meet the Custodian Required Rating Threshold (as defined in the Interest Rate Swap Agreement), the Supplemental Interest Trust Trustee, at the direction of the Depositor, shall within 60 days obtain a replacement Swap Custodian that meets the Custodian Required Rating Threshold.

• The Supplier shall and shall procure that the Framework Guarantor shall maintain a long term credit rating above the relevant Credit Rating Threshold set out in Annex 1 to this Framework Schedule.

• For the purposes of determining whether a Financial Distress Event has occurred pursuant to the provisions of paragraph 116.1.1, the credit rating of the Supplier, the (as the case may be) shall be deemed to have dropped below the applicable Credit Rating Threshold if any of the Rating Agencies have rated the Supplier or relevant Sub-Contractor (as the case may be) at or below the applicable Credit Rating Threshold.

• If ay any time the Custodian does not have credit ratings from S&P at least equal to the Custodian Required Rating Threshold, the Securities Administrator must within 60 calendar days obtain a replacement Custodian with credit ratings from S&P at least equal to the Custodian Required Ratings Threshold.

More Definitions of Rating Threshold

Rating Threshold is defined in Section 5.1(g).

Rating Threshold means that the Applicable Ratings of the Index Debt are BBB- or better by S&P and Baa3 or better by Moody’s, in each case with at least a stable outlook.

Rating Threshold means (A) with respect to ▇▇▇▇▇’▇, “Baa” and (B) with respect to S&P, BBB. “Supermajority of Lenders. As of any date, the Lenders holding at least seventy-five percent (75%) of the outstanding principal amount of the Notes on such date; and if no such principal is outstanding, the Lenders whose aggregate Commitments constitute at least seventy-five percent (75%) of the Total Commitment; provided, however, as long as there are only two (2) Lenders, a Supermajority of Lenders shall require that both Lenders concur on any decision requiring a Supermajority of Lenders’ consent.”

Rating Threshold means Aa3 for Moody’s and AA- for S&P (or equivalent ratings if other rating agencies are the Bond Rating Agencies). “Remarketing Agent Fee Rate” shall mean 0.10% as such rate may be changed in accordance with the Remarketing Agreement and the Standard Terms. “Scheduled Termination Date” shall mean, with respect to each Maturity of Bond, the following dates: