Corporate Ratings definition

Corporate Ratings means (i) the Borrower’s corporate credit rating from S&P and (ii) the Borrower’s corporate family rating from Xxxxx’x, or, in each case, an equivalent rating by any other Rating Agency.

Corporate Ratings means (i) the Parent Entity’s or the U.S. Parent Borrower’s corporate credit rating from S&P and (ii) the Parent Entity’s or the U.S. Parent Borrower’s corporate family rating from Moody’s, or, in each case, an equivalent rating by any other Rating Agency; provided that, in each case, if there are ratings in effect for both the Parent Entity and the U.S. Parent Borrower from a single Rating Agency, then the “Corporate Ratings” from such Rating Agency shall be based on the lower rating.

Corporate Ratings means (i) the Parent Entity’s or the U.S. Parent Borrower’s corporate credit rating from S&P and (ii) the Parent Entity’s or the U.S. Parent Borrower’s corporate family rating from Xxxxx’x, or, in each case, an equivalent rating by any other Rating Agency; provided that, in each case, if there are ratings in effect for both the Parent Entity and the U.S. Parent Borrower from a single Rating Agency, then the “Corporate Ratings” from such Rating Agency shall be based on the lower rating.

Examples of Corporate Ratings in a sentence

• The Borrowers shall use commercially reasonable efforts to maintain (i) Corporate Ratings and (ii) a public rating in respect of the Term Loans from each of S&P and Xxxxx’x.

• The choice is based on the average leverage of BBB (equivalent to Moody’s Baa rating) firms as reported in Standard and Poor’s 1999 publication Corporate Ratings Criteria.

• Notwithstanding any other provisions of the Loan Documents, the Liens on and security interests in the Collateral shall be automatically released, and the Group Members shall have no obligation to create or perfect Liens on and security interests in the Collateral at any time both (x) the Corporate Ratings are at least BBB- (stable) from S&P or Baa3 (stable) from Xxxxx’x and (y) the Liens on and security interests in the Collateral permitted by paragraph (v) of Section 7.3 are released.

• Parent shall use commercially reasonable efforts to maintain the Corporate Ratings and shall promptly notify the Administrative Agent in writing of any change in the Corporate Ratings.

• No industry is avoided as a matter of principle.The data provided by ISS ESG includes sustainability ratings of all companies, so-called "ESG Corporate Ratings" as well as a performance score and master data such as name, ISIN, industry group (sector) and more.

More Definitions of Corporate Ratings

Corporate Ratings means the corporate rating of Parent by S&P and the corporate family rating of Parent by Xxxxx’x.

Corporate Ratings mean the ratings for the senior, unsecured, long-term indebtedness for borrowed money of the Parent Entity (or Parent if such Parent Entity is not then rated) (“Index Debt”) from S&P and Xxxxx’x, or, in each case, an equivalent rating by any other Rating Agency.

Corporate Ratings means the Borrower Agent’s or Holdings’, as applicable, long-term senior unsecured non-credit enhanced rating from the Ratings Agencies.

Corporate Ratings means, as of any date of determination, the Borrower’s (a) corporate rating as determined by S&P and (b) corporate family rating as determined by Xxxxx’x, in each case as in effect as of such date.

Corporate Ratings means JHIFL’s or JHIGL’s, as applicable, long-term senior unsecured non-credit enhanced rating from each of Standard & Poor’s Financial Group, a division of The McGraw Hill Companies (“S&P”), and Xxxxx’x Investors Service, Inc. (“Moody’s”).

Corporate Ratings has the meaning set forth in the definition of “Applicable Margin.”

Corporate Ratings has the meaning specified in Section 3.01(m).