Required Deposit Rating definition

Required Deposit Rating. A rating on short-term unsecured debt obligations of P-1 by Xxxxx’x Investors Service, Inc. and A-2 by S&P Global Ratings. Any requirement that short-term unsecured debt obligations have the “Required Deposit Rating” shall mean that such short-term unsecured debt obligations have the foregoing required ratings from each of such applicable rating agencies.

Required Deposit Rating means the short-term credit rating of the related entity is at least equal to P-1 by Moody's, A-1+ by Standard & Poor's and F1 by Fitch.

Required Deposit Rating shall have the meaning assigned to such term in the definition of “Eligible Account.”

Examples of Required Deposit Rating in a sentence

• Should the deposits of any Successor Bank no longer have the Required Deposit Rating, the Servicer within 30 days shall, with the Successor Bank's assistance as necessary, cause such accounts to be moved to a bank or trust company, the deposits of which shall have the Required Deposit Rating.

• If the Owner Trustee, or such other party holding the Certificate Distribution Account, at any time does not have the Required Deposit Rating, the Owner Trustee, or the Depositor on behalf of the Owner Trustee, if the Certificate Distribution Account is not then held by the Owner Trustee or an Affiliate thereof, shall establish a new account meeting the Required Deposit Rating and shall cause any funds to be moved thereto.

• As one of the few institutions issuing debt on a European level at AAA financing conditions, the EIB can help to alleviate the problems of fragmentation in EU financial markets.

• The Certificate Account shall be a segregated, non-interest-bearing trust account initially established with the Trustee and maintained with the Trustee for so long as (x) the deposits of the Trustee have the Required Deposit Rating or (y) the Certificate Account is maintained as a fully segregated trust account.

• The RV Collection Account shall be a segregated, non-interest-bearing trust account initially established with the Trustee and maintained with the Trustee so long as (i) the deposits of the Trustee have the Required Deposit Rating or (ii) the RV Collection Account is maintained as a fully segregated trust account.

More Definitions of Required Deposit Rating

Required Deposit Rating has the meaning set forth in the Titling Trust Agreement.

Required Deposit Rating. A rating on short-term unsecured debt obligations of A-2 by S&P or K1+ by KBRA, or such equivalent rating by each applicable Rating Agency, unless otherwise agreed to by S&P and each other applicable Rating Agency. Any requirement that short-term unsecured debt obligations have the “Required Deposit Rating” shall mean that such short-term unsecured debt obligations have the foregoing required ratings from each of such applicable rating agencies.

Required Deposit Rating means, with respect to any entity and any Series Account, that (i) the short-term unsecured debt obligations of such entity are rated in the highest short-term rating category by each Rating Agency (excluding any “+” signs associated with such rating) or (ii) such entity is a depository institution or trust company having a long-term unsecured debt rating acceptable to each Rating Agency and corporate trust powers and the related Series Account is maintained in a segregated trust account in the corporate trust department of the related entity.

Required Deposit Rating means that such short-term unsecured debt obligations have the foregoing required ratings from each of such rating agencies.

Required Deposit Rating shall be a short-term certificate of deposit rating from Moody's of P-1, from Fitch of "F1+" (if rated by Fitch) and from Standard & Poor's of "A-1+," and a long-term unsecured debt rating of not less than Aa3 by Moody's, "AA" by Fitch (if rated by Fitch) and "AA-" by Standard & Poor's.

Required Deposit Rating means a rating on short-term deposits of Prime-1 by Moody's and A-1+ by Standard & Poor's; and any requirement that deposits have the "Required Deposit Rating" shall mean that such deposits shall be rated at least equal to the foregoing ratings from Moody's and Standard & Poor's.

Required Deposit Rating. A rating on short-term unsecured debt obligations of "P-1" by Moody's and at least "A-1+" by Standard & Poor's (or such other rating as may be acceptable to the Rating Agencies and, so long as an Insurer Default shall not have occurred and be continuing, the Security Insurer) so as to not affect the rating on the Notes.