Corporate Debt Rating definition

Corporate Debt Rating means either a general corporate debt rating or an unsecured corporate debt rating by either Standard & Poor’s Corporation (“S&P”) or Xxxxx’x Investor Service (“Moody’s”), and “Corporate Debt Rating Requirement” shall mean a Corporate Debt Rating of BBB or better (as determined by S&P) and Baa2 or better (as determined by Moody’s).
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Corporate Debt Rating means either a general corporate debt rating or an unsecured corporate debt rating by either Standard & Poor’s Corporation (“S&P”) or Xxxxx’x Investor Service (“Xxxxx’x”), and “Corporate Debt Rating Requirement” shall mean a Corporate Debt Rating of BBB or better (as determined by S&P) and Baa2 or better (as determined by Xxxxx’x). The right to Transfer to an Affiliate pursuant to Section 10.8.1 shall be subject to the condition that such Permitted Transferee remains an Affiliate of Tenant and that on or before such Transfer being effected both Tenant and such Permitted Transferee must enter into an agreement with Landlord, in a form satisfactory to Landlord, Tenant and such Permitted Transferee, each acting reasonably, that if such Permitted Transferee ceases to be an Affiliate of Tenant, it shall so notify Landlord in writing within ten days after such event and, upon the written request of Landlord, transfer, assign, set over and/or re-assign this Lease and its interest in the Premises, as applicable, to Tenant or, subject to complying with this condition, another Affiliate of Tenant. 12 7272 Old Town
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Corporate Debt Rating means either a public corporate credit rating from S&P or a public corporate family rating from Moody’s, or (in each case) any similar organization then providing corporate debt ratings. “S&P” shall mean Standard & Poor’s Ratings Services, a division of Standard & Poor’s Financial Services LLC, a subsidiary of McGraw Hill Financial, Inc., and any successor to its credit ratings business. “Moody’s” means Xxxxx’x Investors Service, Inc. and any successor thereto. "Tangible Net Worth" means the excess of total assets over total liabilities, in each case as determined in accordance with generally accepted accounting principles consistently applied ("GAAP"), excluding, however, goodwill from the determination of total assets. Any subsequent Transfer by a Permitted Transferee shall be subject to the terms of this Section 10.
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Examples of Corporate Debt Rating in a sentence

  • Security: Corporate Debt Rating: ICRA A+Source: http://icra.in/Files/Reports/Rationale/IFMR%20Capital%20Finance-r-08122014.pdf BACKGROUND: IFMR Capital is a systemically important non-banking finance company and is part of the Chennai based, IFMR Trust Group.

  • Other Medical Issues:• Health forms are distributed to the parents of children with identified medical problems e.g. Asthma, Diabetes, Epilepsy, Food Allergies etc.

  • Security: Corporate Debt Rating: ICRA AA-Source: http://icra.in/Files/Reports/Rationale/HPCL-Mittal%20Energy_r_25072014.pdf BACKGROUND: HMEL incorporated as Guru Gobind Singh Refinery Limited (GGSRL) in 2000, is a joint venture between HPCL and MEIL, Singapore - a L.

  • Continued promoter support, business growth & profitability, client concentration and asset quality are its key rating sensitivities.38Infiniti Retail Limited (IRL) Source: http://www.careratings.com/upload/CompanyFiles/PR/INFINITI%20RETAIL%20LIMITED-07-28-2015.pdf Security: Corporate Debt Rating: CARE A+BACKGROUND:Infinity Retail Ltd (IRL) is a wholly owned subsidiary of Tata Sons Limited (TSL), the holding company of the Tata Group.

  • Security: Corporate Debt Rating: IND A+ Source: https://www.indiaratings.co.in/upload/sectors/ratingReports/2014/3/12/indra12Hinduja.pdf BACKGROUND: HLF was established in 2008 and received registration as a non-bank finance company in March 2010.

  • Source: http://www.careratings.com/upload/CompanyFiles/PR/INDOSTAR%20CAPITAL%20FINANCE%20LTD.-07-13-2015.pdf Security: Corporate Debt Rating: CARE AA-BACKGROUND:IndoStar Capital Finance Ltd.

  • Security: Corporate Debt Rating: ICRA A Source: http://icra.in/Files/Reports/Rationale/IL&FS%20Transportation_r_06072015.pdf BACKGROUND:ITNL was incorporated in 2000 by IL&FS ([ICRA]AAA (stable) /[ICRA]A1+).

  • The applicable Gross Reserve Percentage within the Reserve Percentage Table will be determined based upon the lowest of the Corporate Debt Rating of CUSTOMER as reported by S&P, the Corporate Debt Rating of CUSTOMER as reported by Mxxxx’x, or the Corporate Debt Rating of GUARANTOR.

  • Notwithstanding anything herein to the contrary, in the event CUSTOMER and GUARANTOR do not have a Mxxxx’x and/or S&P Corporate Debt Rating, then the Reserve Account will be adjusted, at SERVICERS’ sole discretion, to an amount calculated based upon a Gross Reserve Percentage of [Redacted]is otherwise permitted under the Agreement.

Related to Corporate Debt Rating

  • Debt Rating has the meaning specified in the definition of “Applicable Rate.”

  • Debt Ratings has the meaning specified in the definition of “Applicable Rate.”

  • Corporate Rating an opinion issued by S&P of an obligor’s overall financial capacity (its creditworthiness) to pay its financial obligations.

  • Index Debt Rating means the S&P Rating, the Xxxxx’x Rating and the Fitch Rating.

  • Senior Debt Rating means, at any date, the credit rating identified by a Rating Agency as the credit rating that (a) it has assigned to long term unsecured senior debt of the Borrower or (b) would assign to long term unsecured senior debt of the Borrower were the Borrower to issue or have outstanding any long term unsecured senior debt on such date.

  • S&P Rating means, at any time, the rating issued by S&P and then in effect with respect to the Borrower’s senior unsecured long-term debt securities without third-party credit enhancement.

  • Public Debt Rating means, as of any date, the rating that has been most recently announced by any of S&P or Moody’s, as the case may be, for any class of non-credit enhanced long-term senior unsecured debt issued by TMCC or, if any such rating agency shall have issued more than one such rating, the lowest such rating issued by such rating agency. For purposes of the foregoing, (a) if only one of S&P and Moody’s shall have in effect a Public Debt Rating, the Applicable Maximum Rate and the Applicable Percentage shall be determined by reference to the available rating; (b) if neither of S&P or Moody’s shall have in effect a Public Debt Rating, the Applicable Maximum Rate and the Applicable Percentage will be set in accordance with Level 4 under the definitions of “Applicable Maximum Rate” and “Applicable Percentage”; (c) if both S&P and Moody’s have established ratings and those ratings shall fall within two different levels, the Applicable Maximum Rate and the Applicable Percentage shall be based upon the higher rating, unless the lower rating is more than one level below the higher rating, in which case the Applicable Maximum Rate and the Applicable Percentage shall be based upon the rating that is one level lower than the higher rating; (d) if any rating established by S&P or Moody’s shall be changed, such change shall be effective as of the date on which such change is first announced publicly by the rating agency making such change; and (e) if S&P or Moody’s shall change the basis or system on which ratings are established, each reference to the Public Debt Rating announced by S&P or Moody’s, as the case may be, shall refer to the then equivalent rating by S&P or Moody’s, as the case may be.

  • Moody’s Rating means, at any time, the rating issued by Moody's and xxxx xx effect with respect to the Borrower's senior unsexxxxx xong-term debt securities without third-party credit enhancement.

  • Credit Rating means the rating assigned by a Rating Agency to the senior unsecured long term Indebtedness of a Person.

  • Xxxxx’x Rating means, at any time, the rating issued by Xxxxx’x and then in effect with respect to the Borrower’s senior unsecured long-term debt securities without third-party credit enhancement.

  • Mxxxx’x Rating means, with respect to a Reference Obligation, as of any date of determination:

  • Index Debt means senior, unsecured, long-term indebtedness for borrowed money of the Borrower that is not guaranteed by any other Person or subject to any other credit enhancement.

  • Long-Term Rating has the meaning specified in the Intercreditor Agreement.

  • Moody’s means Xxxxx’x Investors Service, Inc.

  • Highest Rating Category means, with respect to a Permitted Investment, that the Permitted Investment is rated by S&P or Moody’s in the highest rating category given by that rating agency for that general category of security. By way of example, the Highest Rating Category for tax exempt municipal debt established by S&P is “A 1+” for debt with a term of one year or less and “AAA” for a term greater than one year, with corresponding ratings by Moody’s of “MIG 1” (for fixed rate) or “VMIG 1” (for variable rate) for three months or less and “Aaa” for greater than three months. If at any time (i) both S&P and Moody’s rate a Permitted Investment and (ii) one of those ratings is below the Highest Rating Category, then such Permitted Investment will, nevertheless, be deemed to be rated in the Highest Rating Category if the lower rating is no more than one rating category below the highest rating category of that rating agency. For example, a Permitted Investment rated “AAA” by S&P and “Aa3” by Moody’s is rated in the Highest Rating Category. If, however, the lower rating is more than one full rating category below the Highest Rating Category of that Rating Agency, then the Permitted Investment will be deemed to be rated below the Highest Rating Category. For example, a Permitted Investment rated “AAA” by S&P and “A1” by Moody’s is not rated in the Highest Rating Category.

  • Level 5 means a project of greater than 2 MWac.

  • Investment Grade Credit Rating means (a) with respect to Fitch, a credit rating of BBB- or higher, (b) with respect to Xxxxx’x, a credit rating of Baa3 or higher and (c) with respect to S&P, a credit rating of BBB- or higher.

  • Rating Level means, with respect to any rating agency, each rating subcategory or “notch” of such rating agency , giving effect to pluses and minuses (or similar designations). By way of illustration, BBB+, BBB and BBB- are each separate Rating Levels of S&P.

  • Fitch means Fitch Ratings, Inc., and its successors in interest.

  • Moody s” means Moody’s Investors Service, Inc.

  • S&P Global Ratings means S&P Global Ratings, a division of S&P Global.

  • Moody’s Second Trigger Ratings Threshold means, with respect to Party A, the guarantor under an Eligible Guarantee or an Eligible Replacement, (i) if such entity has a short-term unsecured and unsubordinated debt rating from Moody’s, a long-term unsecured and unsubordinated debt rating or counterparty rating from Moody’s of “A3” and a short-term unsecured and unsubordinated debt rating from Moody’s of “Prime-2”, or (ii) if such entity does not have a short-term unsecured and unsubordinated debt rating from Moody’s, a long-term unsecured and unsubordinated debt rating or counterparty rating from Moody’s of “A3”.

  • Investment Grade Rating Date means the date on which the Borrower first obtains an Investment Grade Rating.

  • Level 4 means a project of greater than 550 kWac and not more than 1 MWac.

  • Ratings As of any date of determination, the ratings, if any, of the Certificates as assigned by the Rating Agencies.

  • Applicable Rating Level at any time and for any Borrower shall be determined in accordance with the then-applicable S&P Rating and the then-applicable Xxxxx’x Rating for such Borrower as follows: S&P Rating A or higher or Xxxxx’x Rating A2 or higher 1 S&P Rating A- or higher or Xxxxx’x Rating A3 or higher 2 S&P Rating BBB+ or Xxxxx’x Rating Baa1 3 S&P Rating BBB or Xxxxx’x Rating Baa2 4 S&P Rating BBB- or Xxxxx’x Rating Baa3 5 S&P Rating BB+ or below or Xxxxx’x Rating Ba1 or below, or no S&P Rating or Xxxxx’x Rating 6 The Applicable Rating Level for any Borrower and for any day shall be determined based upon the higher of the S&P Rating and the Xxxxx’x Rating for such Borrower in effect on such day. If the S&P Rating and the Xxxxx’x Rating are not the same (i.e., a “split rating”), the higher of such ratings shall control, unless (i) the ratings differ by more than one level, in which case the rating one level below the higher of the two ratings shall control, or (ii) either rating is below BBB- or Baa3 (as applicable), in which case the lower of the two ratings shall control.