Credit Status 1 definition

Credit Status 1 shall exist upon the occurrence of the higher of a rating by S&P of Gannett’s senior unsecured long-term debt of at least A+ or a rating by Moody’s of Gannett’s senior unsecured long-term debt of at least A1.
Sample 1Sample 2Sample 3
Credit Status 1 shall exist upon the occurrence of the higher of a rating by S&P of the Borrower’s senior unsecured long-term debt of at least A- or a rating by Xxxxx’x of the Borrower’s senior unsecured long-term debt of at least A3.
Sample 1Sample 2Sample 3
Credit Status 1 shall exist upon the occurrence of the higher of a rating by S&P of the Borrower’s senior unsecured long-term debt of at least A- or a rating by Xxxxx’x of the Borrower’s senior unsecured long-term debt of at least A3. “Credit Status 2”: shall exist upon the occurrence of the higher of a rating by S&P of the Borrower’s senior unsecured long-term debt of at least BBB+ but lower than A- or a rating by Xxxxx’x of the Borrower’s senior unsecured long-term debt of at least Baa1 but lower than A3.
Sample 1

Examples of Credit Status 1 in a sentence

  • In determining whether Credit Status 1, Credit Status 2, Credit Status 3, Credit Status 4 or Credit Status 5 shall apply in any circumstance, if the applicable ratings by S&P and Moody’s differ, the higher of the two ratings will be determinative, unless the applicable ratings by S&P and Moody’s are more than one level apart, in which case the Credit Status one level above the lower rating will be determinative.

  • In determining whether Credit Status 1, Credit Status 2, Credit Status 3, Credit Status 4, Credit Status 5 or Credit Status 6 shall apply in any circumstance, if the applicable ratings by S&P and Moody’s differ, the higher of the two ratings will be determinative, unless the applicable ratings by S&P and Moody’s are more than one level apart, in which case the Credit Status one level below the higher rating will be determinative.

  • He thought he was delivering a letter to the girl, and that she was giving him a gift for Manolos.


More Definitions of Credit Status 1

Credit Status 1 shall exist upon the occurrence of the higher of a rating by S&P of Gannett's senior unsecured long-term debt of at least A or a rating by Xxxxx'x of Gannett's senior unsecured long-term debt of at least A2. In determining whether Credit Status 1 or Credit Status 2 shall apply in any circumstance, if the applicable ratings by S&P and Xxxxx'x differ, the higher of the two ratings will be determinative, unless the applicable ratings by S&P and Xxxxx'x are more than one level apart, in which case the Credit Status one level below the higher rating will be determinative. In the event that Gannett's senior unsecured long-term debt is rated by only one of S&P and Xxxxx'x, then that single rating shall be determinative.
Sample 1
Credit Status 1 shall exist upon the occurrence of the higher of a rating by Standard & Poor's Corporation of Gannett's senior unsecured long-term debt of at least AA- or a rating by Xxxxx'x Investors Service, Inc. of Gannett's senior unsecured long-term debt of at least Aa3. Credit Status 1 shall exist upon the satisfaction of one or the other of the foregoing minimum rating thresholds and no other Credit Status shall be deemed to coexist, notwithstanding that the lower of the two ratings may fall within the range of ratings specified in Credit Status 2, Credit Status 3 or Credit Status 4.
Sample 1

Related to Credit Status 1

  • Credit Score means a composite numerical score scaled from 0-100 as calculated by PJMSettlement that incorporates various predictors of creditworthiness.

  • CREFC® Delinquent Loan Status Report A report substantially in the form of, and containing the information called for in, the downloadable form of the “Delinquent Loan Status Report” available as of the Closing Date on the CREFC® Website, or no later than 90 days after its adoption, such other form for the presentation of such information and containing such additional information as may from time to time be approved by the CREFC® for commercial mortgage securities transactions generally.

  • Credit Rating Agency means a nationally recognized credit rating agency that evaluates the financial condition of issuers of debt instruments and then assigns a rating that reflects its assessment of the issuer’s ability to make debt payments.

  • CMSA Delinquent Loan Status Report means a report substantially in the form of, and containing the information called for in, the downloadable form of the "Delinquent Loan Status Report" available as of the Closing Date on the CMSA Website, or such other form for the presentation of such information and containing such additional information as may from time to time be approved by the CMSA for commercial mortgage securities transactions generally.

  • Request for Letter of Credit means a written request for a Letter of Credit substantially in the form of Exhibit H, signed by a Responsible Official of Borrower, and properly completed to provide all information required to be included therein.

  • Loan Number Orig Term: Prop Type: Sr Lien: Orig Amount: P&&I: Cr. Score: Sevicer Loan Prod Code: Rem Term: Occp Code: Appr Value: Note Date: Debt Ratio: City Stat Zip Purpose: Curr Rate: CLTV: Prin Bal: Maturity Date: Lien Pos: 7635149 180 14 $187,690.00 $65,000.00 $827.76 673 0301089074 6 179 1 $212,887.00 04/09/2002 47 Xxxxx Xxxxx XX 00000 02 13.130 119 $64,883.18 04/23/2017 2 7635171 180 14 $199,826.00 $42,000.00 $493.98 732 0301086708 6 179 1 $216,000.00 04/09/2002 42 Xxxx Xxxxxxx WA 98258 02 11.630 112 $41,912.90 04/24/2017 2 7635173 180 16 $169,000.00 $32,000.00 $420.80 695 0301086773 6 179 1 $173,000.00 04/05/2002 41 Xxxxxx XX 00000 02 13.750 117 $31,945.87 04/23/2017 2 7635177 180 09 $290,712.00 $69,620.00 $829.97 717 0301088886 6 179 1 $325,000.00 04/02/2002 49 Xxxxxxxx XX 00000 02 11.880 111 $69,620.00 04/23/2017 2 7635179 180 14 $125,907.00 $32,250.00 $376.74 722 0301088928 6 179 1 $130,000.00 04/04/2002 36 Xxxxx Xxxx XX 00000 02 11.500 122 $32,182.32 04/23/2017 2 7635181 180 14 $67,728.00 $28,000.00 $354.27 675 0301088969 6 179 1 $79,000.00 04/09/2002 39 Xxxxxxxx XX 00000 02 13.000 122 $27,799.06 04/23/2017 2 7635213 180 14 $144,549.00 $35,000.00 $532.46 653 0301089041 6 179 1 $148,500.00 04/09/2002 41 Xxxxxxx Xxxx XX 00000 02 16.750 121 $35,000.00 04/23/2017 2 7635300 180 14 $132,660.00 $25,000.00 $316.31 685 0300994688 6 177 1 $140,700.00 02/04/2002 00 Xxxxxx Xxx MD 20692 02 13.000 113 $24,862.08 02/08/2017 2 7635737 300 09 $133,000.00 $25,000.00 $322.63 673 0301086351 8 299 1 $140,000.00 04/04/2002 00 Xx. Xxxxxx UT 84770 02 15.130 113 $24,992.47 04/01/2027 2 7635811 181 14 $124,574.00 $52,000.00 $628.28 681 0301083440 6 180 1 $152,000.00 04/22/2002 38 Xxx Xxxxx XX 00000 02 12.130 117 $51,897.14 05/01/2017 2 7635817 180 14 $106,291.19 $35,000.00 $486.86 642 0301083689 6 179 1 $119,000.00 04/18/2002 42 Xxxxxx XX 00000 02 14.880 119 $34,946.99 04/23/2017 2 7635825 180 14 $126,447.40 $52,300.00 $640.36 718 0301088712 6 179 1 $143,155.00 04/15/2002 30 Xxxxxxxxxxx XX 00000 02 12.380 125 $52,198.98 04/24/2017 2 7635829 180 14 $114,857.38 $35,000.00 $420.06 729 0301088563 6 179 1 $125,000.00 04/04/2002 38 Xxxxx Xxxx XX 00000 02 12.000 120 $34,929.94 04/24/2017 2 7636334 300 14 $91,000.00 $25,875.00 $311.47 693 0301002994 8 297 1 $93,500.00 02/06/2002 44 Xxxxxxxxxxx XX 00000 02 14.000 125 $25,845.87 02/11/2027 2 7636499 181 14 $158,000.00 $32,000.00 $368.75 748 0301086658 6 180 1 $158,000.00 04/19/2002 37 XXXXXXX XX 00000 02 11.250 121 $31,900.00 05/01/2017 2 7636501 181 14 $147,200.00 $34,000.00 $452.79 660 0301097218 6 180 1 $145,000.00 04/19/2002 40 XXXXXXXX XX 00000 02 14.000 125 $33,936.67 05/01/2017 2 7636503 181 14 $116,329.00 $54,310.00 $625.84 746 0301114039 6 180 1 $137,000.00 04/19/2002 40 XXXXXX XX 00000 02 11.250 125 $54,193.32 05/01/2017 2 7636507 301 RFC01 $87,237.00 $27,000.00 $299.44 670 0301110078 8 300 1 $92,000.00 04/19/2002 38 XXXXXXXX XX 00000 02 12.750 125 $26,886.88 05/01/2027 2 7636508 180 14 $80,473.00 $30,000.00 $338.63 735 0300982964 6 177 1 $118,000.00 02/12/2002 44 Xxxxxx XX 00000 02 10.880 94 $29,797.92 02/22/2017 2 7636511 181 14 $43,791.00 $43,500.00 $546.81 683 0301104717 6 180 1 $72,500.00 04/19/2002 00 XXXXXX XXXXXXX KS 66012 02 12.880 121 $43,419.91 05/01/2017 2 7636513 121 14 $95,000.00 $15,000.00 $226.18 675 0301095097 5 120 1 $100,000.00 04/11/2002 41 ROY UT 84067 02 13.250 110 $14,938.63 05/01/2012 2

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

  • Delinquent Loan Status Report format substantially in the form of and containing the information called for therein for the Mortgage Loans, or such other form for the presentation of such information as may be approved from time to time by the CREFC® for commercial mortgage securities transactions generally.

  • Commercial Letter of Credit means any letter of credit or similar instrument issued for the purpose of providing the primary payment mechanism in connection with the purchase of any materials, goods or services by Company or any of its Subsidiaries in the ordinary course of business of Company or such Subsidiary.

  • U.S. Letter of Credit means any Letter of Credit issued hereunder for the purpose of providing credit support for any U.S. Borrower, any Domestic Subsidiary or any Foreign Subsidiary.

  • Highest Credit Rating Available The highest rating category (disregarding any plus or minus or any numerical or other subcategory) of any Rating Agency. Holders: With respect to the Trust Fund, all of the Certificateholders of REMIC Certificates. With respect to the Lower Tier REMIC, the RL Class Certificateholder and the Trustee, as the case may be, as holders of the Lower Tier Interests.

  • Availability Credit means the remedy IBM will provide for a validated Claim. The Availability Credit will be applied in the form of a credit or discount against a future invoice of subscription charges for the Service.

  • CMSA Loan Level Reserve/LOC Report means the monthly report substantially in the form of, and containing the information called for in, the downloadable form of the "Loan Level Reserve/LOC Report" available as of the Closing Date on the CMSA Website, or such other form for the presentation of such information and containing such additional information as may from time to time be approved by the CMSA for commercial mortgage securities transactions generally.

  • credit meter means a meter where an account is issued subsequent to the consumption of electricity;

  • Credit Breach means the status of a Participant that does not currently meet the requirements of Tariff, Attachment Q or other provisions of the Agreements.

  • Credit Voucher means a document executed by a Merchant evidencing any refund or price adjustment relating to Cards to be credited to a Cardholder account.

  • CREFC® Loan Level Reserve/LOC Report The monthly report in the “CREFC® Loan Level Reserve/LOC Report” format substantially in the form of and containing the information called for therein for the Mortgage Loans, or such other form for the presentation of such information as may be approved from time to time by the CREFC® for commercial mortgage securities transactions generally.

  • Letter of Credit Maximum Amount means $5,000,000; provided that, on and after the Maturity Date, the Letter of Credit Maximum Amount shall be zero.

  • Letter of Credit Related Person has the meaning specified therefor in Section 2.11(f) of the Agreement.

  • Request for Credit Extension means (a) with respect to a Borrowing, conversion or continuation of Committed Loans, a Committed Loan Notice, (b) with respect to an L/C Credit Extension, a Letter of Credit Application, and (c) with respect to a Swing Line Loan, a Swing Line Loan Notice.

  • Credit-sale contract means a written contract for the sale of grain pursuant to which the sale price is to be paid or may be paid more than thirty days after the delivery or release of the grain for sale and which contains the notice provided in subsection 7 of section 60-02.1-14. If a part of the sale price of a contract for the sale of grain is to be paid or may be paid more than thirty days after the delivery or release of the grain for sale, only such part of the contract is a credit-sale contract.

  • CREFC® Assumption Modification Posting Instructions Template A report substantially in the form of, and containing the information called for in, the downloadable form of the “Assumption Modification Posting Instructions Template” available as of the Closing Date on the CREFC® Website, or such other form for the presentation of such information and containing such additional information as may from time to time be approved by the CREFC® for commercial mortgage securities transactions generally.

  • QFC Credit Support has the meaning specified in Section 11.21.

  • Credit transaction means any transaction by the terms of which the repayment of money loaned or loan commitment made, or payment for goods, services, or properties sold or leased, is to be made at a future date or dates.

  • Credit Facility Agreement means any agreement pursuant to which a Credit Facility Issuer issues a Credit Facility.

  • Request for Borrowing has the meaning provided in Section 2.3(a).