Credit Rating Level means one of the following five pricing levels, as applicable, and provided that, from and after the time that Administrative Agent receives written notice from Borrower that Parent or Borrower has an Investment Grade Rating from at least one of the Rating Agencies and that Borrower has irrevocably elected to have the Applicable Margin determined based on Parent’s or Borrower’s Investment Grade Rating, during any period that the Parent has no Credit Rating Level, Credit Rating Level 5 shall be the applicable Credit Rating Level:

Credit Rating Level means one of the following five pricing levels, as applicable:

Credit Rating Level means one of the following five pricing levels, as applicable, during any period that the Parent Guarantor has no Credit Rating Level, Credit Rating Level 5 shall be the applicable Credit Rating Level:

Examples of Credit Rating Level in a sentence

The Facility Fee shall be determined by reference to the Credit Rating Level in effect from time to time; provided, however, that no change in the Facility Fee rate resulting from a change in the Credit Rating Level shall be effective until three (3) Business Days after the date on which the Agent receives written notice of a change.
ICMA also leveraged its domestic relationship with a US association, members of which worked in- country for short-term assignments in a pro bono capacity.
If the security has a Asset Credit Rating Level of 17, 18 or 19, then that security must be rated by at least two of Moody’s, S&P and Fitch.
There is no concentration of investments in any one issuer that represents 5% or more of plan net position avail- able for benefits.Credit Quality Fixed Income SecuritiesAs of June 30, 2017Investment Type Credit Rating Level Fair ValueU.S Fixed Income Corporate BondsRRS uses ratings from Standard & Poor’s for the preparation of this chart.
For the purposes of determining whether a Financial Distress Event has occurred pursuant to the provisions of paragraph 3.1.1, the credit rating of the Supplier or relevant Key Sub‑contractor (as the case may be) shall be deemed to have dropped below the applicable Credit Rating Threshold if any of the Rating Agencies have rated the Supplier or relevant Key Sub‑contractor (as the case may be) at or below the applicable Credit Rating Level.

More Definitions of Credit Rating Level

Credit Rating Level one of the following five pricing levels, as applicable, and provided that, during any period that the Parent REIT has no Credit Rating, Credit Rating Level 5 shall be the applicable Credit Rating Level:

Credit Rating Level means one of the following five pricing levels, as applicable, and provided that, from and after the time that Administrative Agent receives written notice that Parent Guarantor has first obtained an Investment Grade Rating from at least two of the Rating Agencies, during any period that the Parent Guarantor has no Credit Rating Level, Credit Rating Level 5 shall be the applicable Credit Rating Level:

Credit Rating Level shall be:

Credit Rating Level means each credit rating level of the Rating Agencies (as may be updated from time to time)

Credit Rating Level means a credit rating level as specified in annex ANNEX 2: to schedule Error: Reference source not found (Financial Distress);

Credit Rating Level means a Dun and Bradstreet rating of "Critical KPI Failure" means the performance level for which a failure to meet shall be deemed a critical KPI failure as set out in Appendix 1 (Key Performance Indicators) of Schedule 5 (Performance Measures and Monitoring);

Credit Rating Level means a Dun and Bradstreet risk indicator;