Examples of Applicable Rating Level in a sentence
At any time an Event of Default has occurred and is continuing, the Applicable Margins set forth below shall be increased for each Applicable Rating Level by 2.00% with respect to overdue principal.
When GMBL has been chosen to host a tournament, the committee will have additional responsibilities.
Within 120 days after the end of each Fiscal Year (but only at such times as the Applicable Rating Level is Level II, Level III or Level IV), an Engineering Report.
Any change in the Applicable Margin resulting from a change in the Applicable Rating Level shall become effective upon the date of announcement of any change in the Moody’s Rating or the S&P Rating that results in such change in the Applicable Rating Level.
At such times as the Applicable Rating Level is Level II, Level III or Level IV, Borrower will not, as of December 31 of any year, permit the ratio of the Properties NPV to Total Funded Debt to be less than 1.25 to 1.00.