Threshold Rating definition

Threshold Rating means the short-term unsecured debt rating of P-1 by Moody's and A-1 by Standard & Poor's; PROVIDED that so long as the initial Liquidity Provider is the Liquidity Provider, the Threshold Rating shall apply to the Liquidity Guarantor.

Threshold Rating. “Transfer”, “Trust Agreement”, “Trustee”, “Underwriters”, “Underwriting Agreement”, “United”, and “United Bankruptcy Event”.

Threshold Rating means, for purposes of this Agreement, the short-term unsecured debt rating of P-1 by Xxxxx’x and short-term issuer credit rating of A-1 by Standard & Poor’s.

Examples of Threshold Rating in a sentence

• It will be an Additional Termination Event with respect to Party A if the relevant credit rating of Citibank, N.A or any assignee issued by any Rating Agency at any time is lower than the applicable Threshold Rating (“Credit Downgrade”).

• It will be an Additional Termination Event with respect to Party A if the relevant credit rating of Xxxxxx Xxxxxxx or any assignee issued by any Rating Agency at any time is lower than the applicable Threshold Rating (“Credit Downgrade”).

• The Liquidity Provider meets the Threshold Rating requirement for the Class A-1, Class A-2, Class B, Class C-1 and Class C-2 Certificates.

• On the Extension Effective Date, the then effective Expiry Date shall be so extended without any further act; provided, however, that the Liquidity Provider shall meet the Threshold Rating on the Extension Effective Date.

• Threshold Rating for theShort Term..............P-1A-1+Liquidity Provider............Short Term Class A...........P-1A-1+ Class B...........P-1A-1+ Class C...........P-1A-1 Liquidity Provider Rating.......

More Definitions of Threshold Rating

Threshold Rating means, in the case of Fitch, either a Long-Term Rating of BBB- or a Short-Term Rating of F3 and, in the case of S&P, a Long-Term Rating of BBB-.

Threshold Rating means the short-term unsecured debt rating of P-1 by Moody's and A-1 by Standard & Poor's.

Threshold Rating means the short-term unsecured debt rating of P-1 by Moody's and A-1+ by Standard & Poor's, in the case of the Class A Liquidity Facility and the Class B Liquidity Facility, and the short-term unsecured debt rating of P-1 by Moody's and A-1 by Standard & Poor's, in the case of the Class C Liquidity Facility.

Threshold Rating. Trust Agreements", "Trustee", "Underwriters", "Underwriting Agreement" and "Written Notice".

Threshold Rating. “Transfer”, “Trust Agreement”, “Trustee”, “Underwriters”, and “Underwriting Agreement”.

Threshold Rating. “Transfer”, “Trust Agreement”, “Trustee”, “United”, and “United Bankruptcy Event”.

Threshold Rating means the short-term unsecured debt rating of P-1 by Moody's and A-1 by Standard & Poor's, provided that, in the event a person's short-term unsecured debt is not rated by either Moody's or Standard & Poor's, the long-term unsecured debt rating by Moody's and Standard & Poor's at least equal to the initial rating by each of Moody's and Standard & Poor's on the Class A Certificates.