Ratings Affirmation definition
Ratings Affirmation means, with respect to any particular action or proposed action, each of Standard & Poor’s Rating Services and ▇▇▇▇▇’▇ Investors Service, Inc. or, if either or both of such ratings agencies do not then rate the Notes, such other nationally recognized statistical rating organization (as defined in the rules and regulations of the SEC) then having issued long-term debt ratings for the Notes, affirms that such long-term debt ratings will not be lowered as a result of the taking of such action or proposed action.
Ratings Affirmation means, with respect to any particular action or proposed action, the affirmation by each of Standard & Poor's Rating Services and ▇▇▇▇▇'▇ Investors Service, Inc. or, if either or both of such ratings agencies do not then rate the Notes, by such other nationally recognized statistical rating organization (as defined in the rules and regulations of the SEC) then having issued long-term debt ratings for the Notes, that such long-term debt ratings will not be lowered as a result of the taking of such action or proposed action.
Ratings Affirmation means written confirmation from each Rating Agency then rating the notes that a proposed action will not result in a withdrawal or reduction of its respective rating of the notes to below its then-current rating of the notes.
Examples of Ratings Affirmation in a sentence
The BIG Event Fee shall accrue from the first day of any quarterly fiscal period in which a BIG Event occurs until the last day of the quarterly fiscal period in which there is an Investment Grade Ratings Affirmation.
More Definitions of Ratings Affirmation
Ratings Affirmation means, with respect to any particular action or proposed action by the Company in respect of the Project, any of S&P, Moody’s or Fitch or, if any or all of such rating agencies do not then rate the Notes, such other rating agency then having issued long-term debt ratings for the Notes, affirms that the applicable rating of the Notes will not be lowered below the lower of (i) the applicable initial rating obtained by the Company in respect of the Notes on the Closing Date and (ii) the applicable rating in effect immediately prior to the action giving rise to the requirement to obtain a Ratings Affirmation.
Ratings Affirmation means, with respect to the Incurrence of any Additional Debt or Subordinated Debt, a letter issued by a Rating Agency confirming that, after giving effect to the Incurrence of such Additional Debt or Subordinated Debt, and after taking into account all outstanding Indebtedness of the Issuer, the corporate credit rating of the Issuer is at least equal to Investment Grade Rating.
Ratings Affirmation means, with respect to any particular action or proposed action, the affirmation by each of Standard & Poor’s Rating Services and ▇▇▇▇▇’▇ Investors Service, Inc. or, if either or both of such ratings agencies do not then rate the senior unsecured non-credit enhanced long-term debt of Buckeye Partners, by such other nationally recognized statistical rating organization (as defined in the rules and regulations of the SEC) then having issued long-term debt ratings for the senior unsecured non-credit enhanced long-term debt of Buckeye Partners, that such long-term debt ratings will not be lowered as a result of the taking of such action or proposed action.
Ratings Affirmation means with respect to any particular action or proposed action, any of S&P, ▇▇▇▇▇’▇ or Fitch (to the extent the Notes are rated by such entities) or, if any or all of such rating agencies do not then rate the Notes, such other rating agency then having issued long-term debt ratings for the Notes, affirms that the applicable rating of the Notes will not be lowered below the lower of (i) the applicable initial rating obtained by the Company in respect of the (A) Series A Notes on the First Funding Date and (B) Series B Notes on the Second Funding Date and (ii) the applicable rating in effect immediately prior to the action giving rise to the requirement to obtain a Ratings Affirmation.
Ratings Affirmation means, in the case of any event or proposed event, an affirmation by each Rating Agency then rating the Notes (unless less than all the Rating Agencies then rating the Notes is specified in the applicable condition) , that its Rating of the Notes will not be lower immediately after giving effect to the event or proposed event than it was before giving effect to such event or proposed event.
Ratings Affirmation means with respect to any particular action or proposed action, any of S&P, Moody’s or Fitch (to the extent the Notes are rated by such entities) or, if any or all of such rating agencies do not then rate the Notes, such other rating agency then having issued long-term debt ratings for the Notes, affirms that the applicable rating of the Notes will not be lowered below the lower of (i) the applicable initial rating obtained by the Company in respect of the (A) Series A Notes on the First Funding Date and (B) Series B Notes on the Second Funding Date and (ii) the applicable rating in effect immediately prior to the action giving rise to the requirement to obtain a Ratings Affirmation.