Specified Rating definition

Specified Rating means, for the Class A(2017-4) Notes, Aaa(sf) with respect to ▇▇▇▇▇’▇, AAA(sf) with respect to Standard & Poor’s and AAAsf with respect to Fitch.
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Specified Rating. Not applicable.
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Specified Rating means, for the Class B( - ) Notes, [ ] with respect to [Moody’s], [ ] with respect to [Standard & Poor’s] and [ ] with respect to [Fitch].
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Examples of Specified Rating in a sentence

  • Agreement not to Exercise Option to Convert to Fixed Rate Absent Specified Rating.......................

  • For so long as the Issuer's short-term unsecured, unsubordinated and unguaranteed debt obligations are rated at least F1 by Fitch or its long term, unsecured, unsubordinated and unguaranteed debt obligations are rated at least A by Fitch (the Fitch Specified Ratings) and the Issuer has a short-term deposit rating of at least P-1 by Moody's (the Moody's Specified Rating), the Reserve Fund Required Amount is nil (or such other amount as the Issuer notifies the Covered Bond Guarantor).

  • The Administrative Agent shall as soon as practicable notify the Borrower and the relevant Lenders of each determination of a LIBO Adjusted Rate.

  • Notwithstanding the foregoing, however, if the senior unsecured rating from either S&P or Fitch (each, a “Specified Ratings Agency”) is BBB- or better and at such time the senior unsecured rating from the other Specified Ratings Agency is not lower than BB+, the senior unsecured rating from Moody’s shall no longer be applicable for purposes of determining pricing, and pricing will be based solely on the senior unsecured ratings from the Specified Rating Agencies in accordance with this paragraph.

  • Specified Rating ▇/▇▇ ▇-/▇▇ BBB+/Baa1 BBB/Baa2 lower Commitment Fee Rate 0.15 % 0.20 % 0.30 % 0.40 % 0.50 % Applicable Margin for Eurodollar Loans 1.50 % 1.75 % 2.00 % 2.25 % 2.50 % Applicable Margin for ABR Loans 0.50 % 0.75 % 1.00 % 1.25 % 1.50 % For purposes of the foregoing: The “Rating” from S&P or ▇▇▇▇▇’▇ shall mean the rating issued by such rating agency and then in effect with respect to the Senior Debt.


More Definitions of Specified Rating

Specified Rating. As to any Obligor or Loan, (i) a public debt rating equal to or better than “B-” by S&P or the equivalent public debt rating of another Rating Agency, or (ii) if no rating referenced in clause (i) is available, a private debt rating equal to or better than “B-” by S&P or the equivalent private debt rating of another Rating Agency; provided, that in the case of each of the foregoing clauses (i) and (ii), (x) if both the applicable Obligor and the applicable Loan have at least one rating under any such clause, the applicable Loan rating shall apply for purposes of determining the rating under such clause and (y) if the applicable Obligor or Loan has more than one rating under any such clause, the lowest such rating shall apply for purposes of determining the rating under such clause.
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Specified Rating means, for the Class B(2008-1) Notes, A with respect to Standard & Poors, A2 with respect to ▇▇▇▇▇’▇ and A with respect to Fitch.
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Specified Rating means, for the Class C(2008-2) Notes, BBB with respect to Standard & Poors, Baa2 with respect to ▇▇▇▇▇’▇ and BBB with respect to Fitch.
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Specified Rating means, for the Class A(2009-1) Notes, AAA with respect to Standard & Poors, Aaa with respect to Moody’s and AAA with respect to Fitch.
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Specified Rating means a long term debt rating by S&P of BBB and by Moody's of Baa2.
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Specified Rating means, for the Class A(2022-2) Notes, AAAsf with respect to Fitch and Aaa(sf) with respect to ▇▇▇▇▇’▇ Investors Service, Inc.
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Specified Rating means, for the Class A(2019-3) Notes, Aaa(sf) with respect to Moody’s and AAAsf with respect to Fitch.
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