Ratings Requirement means the obligation of the Owner to obtain a preliminary long term credit rating (at no particular required rating level) with respect to the Notes, from the Rating Agency with respect to the current payment of interest and ultimate payment of principal on Final Legal Maturity.
Ratings Requirement. With respect to the Rate Protection Provider, (i) a long-term senior unsecured debt rating or credit rating of at least “A1” by Xxxxx’x and a short-term credit rating of “P-1” by Xxxxx’x and (ii) a long-term senior unsecured debt rating or credit rating of at least “A+” by Standard & Poor’s and a short-term senior unsecured debt rating or issuer credit rating of at least “A-1” by Standard & Poor’s.
Ratings Requirement. With respect to any action to which the Ratings Requirement applies, that each Rating Agency shall have been given 10 days (or such shorter period as is acceptable to each Rating Agency) prior notice thereof and that each Rating Agency shall have notified the Depositor and the Trustee in writing that such action will not result in a reduction or withdrawal of the then current rating of the rated Certificates.
Examples of Ratings Requirement in a sentence
Such credit support posted in favor of an Owner shall be promptly returned within thirty (30) days of the other Owner furnishing written evidence demonstrating that it satisfies the Ratings Requirement.
Ratings Requirement – Pools must carry a credit rating of “AAAm” or “AAAf”.
Investment Authorization – Authorized staff may invest in any U.S. dollar denominated commercial paper, allowable under current laws.2. Portfolio Composition – Maximum of 25% of portfolio.3. Limit on Individual Users – Maximum of 5% of portfolio.4. Limits on Individual Sectors – Maximum 10% of available funds may be invested with any one sector.5. Ratings Requirement – At the time of purchase, the commercial paper program must have a minimum short-term rating of A-1 or P-1.
Ratings Requirement – At the time of deposit, the bank must have a minimum 3-star rating from Bauer Financial.
Ratings Requirement – Eligible securities must be senior debt obligations carrying the same credit rating by two (2) NRSROs as that of the U.S. Treasury.
More Definitions of Ratings Requirement
Ratings Requirement means a Credit Rating for such Owner (or if such Owner has provided a guaranty issued by an Affiliate to satisfy its obligations under this Section 4.3, such Owner’s Affiliate guarantor) of at least “BBB-” by S&P or at least Baa3 by Moody’s, and if such Credit Rating is “BBB-” by S&P or “Baa3” by Moody’s then such Credit Rating must not be on negative credit watch by S&P or Moody’s.
Ratings Requirement means the obligation of the Borrower to obtain an initial explicit, public and monitored rating from Standard & Poor’s of (i) “A” or better with respect to the Class A Loans and (ii) “BBB” or better with respect to the Class B Loans.
Ratings Requirement means Unit’s unsecured corporate rating is (i) BBB- or better with respect to any rating issued by S&P (without negative outlook or negative watch), or (ii) Baa3 or better with respect to any rating issued by Xxxxx’x (without negative outlook or negative watch), provided, if Unit only satisfies one of the ratings set forth above, Unit shall still be deemed to have satisfied the Ratings Requirement so long as Unit satisfies one of the two ratings above and has an unsecured corporate rating of at least (x) BB+ with respect to S&P (without negative outlook or negative watch), if Unit otherwise satisfies the rating set forth in clause (ii) above and (y) Ba1 with respect to Xxxxx’x (without negative outlook or negative watch), if Unit otherwise satisfies the rating set forth in clause (i) above.
Ratings Requirement means the requirement that the senior unsecured long-term debt of the Parent be rated at least A- by Standard & Poor's Ratings Group and A3 by Xxxxx'x Investors Service, Inc.
Ratings Requirement means Axiall having received a corporate family credit rating of at least Ba3 from Xxxxx’x and BB- from S&P; provided, that to the extent that any such ratings change occurs during any calendar quarter, the required adjustment to the Applicable Margin or Applicable Unused Commitment Fee shall take effect on the first day of the calendar quarter following the date of such ratings change.
Ratings Requirement. The requirements that each Holder (other than the initial Holder) of the Class RV1 Certificates and Class RV2 Certificates maintain (i) a short-term unsecured debt rating by S&P of at least “A-1” or (ii) a short-term unsecured debt rating by Moody’s of at least “P-1”.
Ratings Requirement means with respect to any financial institution, that such financial institution has (i) a short-term unsecured debt rating of “A-2” or better by Standard & Poor’s or, if such financial institution does not have a short-term unsecured debt rating from Standard & Poor’s, has a long-term unsecured debt rating of “A-” or better from Standard & Poor’s, (ii) a short-term unsecured debt rating of “P-2” by Xxxxx’x or, if such financial institution does not have a short-term unsecured debt rating from Xxxxx’x, has a long-term unsecured debt rating of “Baa2” or better from Xxxxx’x and (iii) to the extent applicable, a short-term unsecured debt rating of “F1” or better by Fitch or, if such financial institution does not have a short-term unsecured debt rating from Fitch, has a long-term unsecured debt rating of “A-” or better from Fitch.