Facility Rating definition

Facility Rating means, as of any date, the credit rating provided by Xxxxx’x, S&P or Fitch, as applicable, for the Facility provided hereunder.

Facility Rating means the output potential the Facility can produce under specified conditions, which is generally expressed in kW-AC or MW-AC.

Facility Rating means the facility rating assigned by National Rural to an Eligible Security from time to time in accordance with National Rural's internal risk rating system.

Examples of Facility Rating in a sentence

• If the Facility Rating is based on a loading duration of greater than eight hours, the circuit must comply with the standard if the loading exceeds 130% of the Facility Rating.

• If the Facility Rating is based on a loading duration greater than four and up to and including eight hours, the circuit must comply with the standard if the loading exceeds 120% of the Facility Rating.

• If the Facility Rating is based on a loading duration of up to and including four hours, the circuit must comply with the standard if the loading exceeds 115% of the Facility Rating.

• When more than one Facility Rating for that circuit is available in the power flow case, the threshold for selection will be based on the Facility Rating for the loading duration nearest four hours.

• The threshold for selection of the circuit will vary based on the loading duration assumed in the development of the Facility Rating.

More Definitions of Facility Rating

Facility Rating means, for any rating agency at any time, the rating then in effect from such rating agency applicable to the Obligations of the Borrower under this Agreement.

Facility Rating a rating of the Credit Facilities by a Rating Agency.

Facility Rating means, as of any date, the credit rating provided by Moody’s, S&P or Fitch, as applicable, for the Facility provided

Facility Rating means, as of any date, the credit rating provided by Moody’s, S&P or Fitch, as applicable, for the Facility provided hereunder.

Facility Rating means, as of any date, the credit rating by Moody’s, S&P or Fitch, as applicable, for the Facilities provided hereunder.

Facility Rating means, with respect to any Collateral Obligation, (i) the Moody's rating issued with respect to such Collateral Obligation or (ii) if there is no Moody's rating of such Collateral Obligation, the Moody's rating issued with respect to another obligation of the same obligor that is at the same level of seniority with such Collateral Obligation or (iii) if there are no applicable ratings as described in (i) or (ii), the Moody's Rating of such Collateral Obligation; provided that, for purposes of determining the Facility Rating of any Collateral Obligation pursuant to clauses (i) or (ii) above, if the applicable rating assigned by Moody's to (A) an obligor or its obligations (other than Structured Finance Obligations) is (I) on watch for possible upgrade by Moody's, such rating will be treated as being one sub-category above such assigned rating and (II) on watch for possible downgrade by Moody's, such rating will be treated as being one sub-category below such assigned rating; or (B) a Structured Finance Obligation is (I) on watch for possible upgrade by Moody's, such rating will be treated as being two sub-categories above such assigned rating and (II) on watch for possible downgrade by Moody's, such rating will be treated as being two sub-categories below such assigned rating.

Facility Rating means, as of any date, the credit rating provided by Moody’s, S&P or Fitch, as applicable, for the Facilities provided hereunder. “FATCA” means Sections 1471 through 1474 of the Code, as of the date of this Agreement (or any amended or successor version that is