CTOs may seek a binding RSRO that, inter alia, mandates performance obligations on stevedores, particularly the reduction of truck waiting times through improved Truck Turnaround Time (TTT) performance and associated penalties for non-performance.
NRSRO A nationally recognized statistical rating organization within the meaning of Section 3(a)(62) of the Exchange Act.
Rating Agency means only those rating agencies that are engaged from time to time to rate the securities issued in connection with the Securitizations of the Notes.
SRO means (i) any “self-regulatory organization” as defined in Section 3(a)(26) of the Exchange Act and (ii) any other United States or foreign securities exchange, futures exchange, commodities exchange or contract market.
NRSRO Certification A certification executed by a NRSRO in favor of the Issuer and the Information Agent that states that such NRSRO has provided the Issuer with the appropriate certifications under Exchange Act Rule 17g-5(a)(3)(iii)(B) and that such NRSRO has access to the 17g-5 Website.
Fitch means Fitch Ratings, Inc., and its successors in interest.