Credit Status 2 definition

Credit Status 2 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 but lower than A+ or a rating by Moody’s of Gannett’s senior unsecured long-term debt of at least A2 but lower than A1.
Sample 1Sample 2Sample 3
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 1Sample 2Sample 3
Credit Status 2 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 A- or a rating by Xxxxx'x Investors Service, Inc. of Gannett's senior unsecured long-term debt of at least A3. Credit Status 2 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 3 or Credit Status 4.
Sample 1

Examples of Credit Status 2 in a sentence

  • Section 1.1 of the Credit Agreement is hereby amended by amending the definition of "Applicable Margin" by (a) deleting the words "15 basis points" where they appear in the column entitled "Credit Status I" and substituting in lieu thereof the words "20 basis points" and (b) deleting the words "19 basis points" where they appear in the column entitled "Credit Status 2" and substituting in lieu thereof the words "24 basis points".


More Definitions of Credit Status 2

Credit Status 2 shall exist upon the occurrence of the higher of a rating by S&P of Gannett's senior unsecured long-term debt of A- or lower or a rating by Xxxxx'x of Gannett's senior unsecured long-term debt of A3 or lower. 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

Related to Credit Status 2

  • Credit Score With respect to any Mortgage Loan, a numerical assessment of default risk with respect to the Mortgagor under such Mortgage Loan, determined on the basis of a methodology developed by Fair, Xxxxx & Co., Inc.

  • Status Quo means the arrangements in place prior to the Dispute arising. This includes the performance, operation and management of all work and rates of pay and allowances. Total Cost of Work means the total value of the project declared to QLeave or NT Build.

  • 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.

  • REIT Status means, with respect to any Person, (a) the qualification of such Person as a real estate investment trust under the provisions of Sections 856 et seq. of the Code and (b) the applicability to such Person and its shareholders of the method of taxation provided for in Sections 857 et seq. of the Code.

  • 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.

  • 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: 5481484 181 14 $138,760.00 $40,000.00 $432.91 718 0300564937 6 177 1 $146,000.00 08/07/2001 33 Xxxxxxxxx XX 00000 02 10.130 123 $39,512.54 09/01/2016 2 5481525 181 14 $146,017.99 $26,950.00 $321.28 710 0300564960 6 177 1 $153,063.00 08/18/2001 33 Xxxxxxxx XX 00000 02 11.880 114 $26,546.10 09/15/2016 2 5481620 301 14 $94,703.00 $23,000.00 $285.70 641 0300572310 8 297 1 $100,000.00 08/08/2001 39 Xxxxxxx XX 00000 02 14.500 118 $22,976.37 09/01/2026 2 5481716 181 09 $151,200.00 $58,800.00 $645.43 755 0300534468 6 176 1 $168,000.00 07/26/2001 00 Xxxxxxxxx Xxxxx XX 00000 01 10.380 125 $58,244.63 08/01/2016 2 5481732 301 14 $172,156.00 $45,500.00 $475.02 711 0300570470 8 296 1 $175,000.00 07/24/2001 30 Xxxxxxxx Xxxx XX 00000 02 11.880 125 $45,399.49 08/01/2026 2 5481782 181 14 $121,500.00 $45,000.00 $511.47 722 0300534476 6 176 1 $135,000.00 07/26/2001 41 Xxxxxxx XX 00000 01 11.000 124 $44,434.89 08/01/2016 2 5483770 181 14 $159,500.00 $55,500.00 $675.05 688 0300573854 6 177 1 $172,000.00 08/17/2001 37 Xxxxxxx XX 00000 02 12.250 125 $55,171.21 09/15/2016 2 5483784 241 14 $131,544.00 $35,000.00 $493.25 648 0300578440 9 237 1 $144,000.00 08/17/2001 39 Roy UT 84067 02 16.240 116 $34,940.45 09/14/2021 2 5483841 301 14 $147,250.00 $44,000.00 $475.66 732 0300609070 8 297 1 $155,000.00 08/24/2001 41 XXXXXXXX XX 00000 02 12.380 124 $43,933.59 09/01/2026 2 5483842 240 14 $56,020.00 $33,000.00 $392.51 711 0300611654 9 236 1 $72,000.00 08/06/2001 30 XXXXX XX 00000 02 13.250 124 $32,885.58 08/10/2021 2 5483844 301 14 $79,759.00 $31,000.00 $338.01 722 0300534732 8 297 1 $100,000.00 08/24/2001 30 XXXXXXXXXX XX 00000 02 12.500 111 $30,954.25 09/01/2026 2 5483848 241 09 $125,819.00 $50,000.00 $667.65 675 0300539616 9 237 1 $148,000.00 08/24/2001 45 XXXXX XX 00000 02 15.250 119 $49,902.07 09/01/2021 2 5483850 181 14 $49,639.00 $12,200.00 $150.37 691 0300534849 6 177 1 $49,500.00 08/24/2001 35 XXXX XXXXXXX XX 00000 02 12.500 125 $12,129.41 09/01/2016 2 5483852 121 14 $104,981.00 $27,500.00 $408.58 660 0300534880 5 117 1 $106,000.00 08/24/2001 38 XXXXXX XX 00000 02 12.880 125 $27,155.74 09/01/2011 2 5483853 181 14 $88,327.00 $33,500.00 $421.10 669 0300534914 6 177 1 $108,000.00 08/24/2001 31 XXXX XXXX XX 00000 02 12.880 113 $33,312.19 09/01/2016 2 5483854 181 14 $108,582.00 $51,000.00 $636.91 703 0300611449 6 177 1 $142,500.00 08/24/2001 45 XXXXXX XX 00000 02 12.750 112 $50,063.92 09/01/2016 2 5483858 181 14 $87,946.00 $50,000.00 $682.75 663 0300539590 6 177 1 $136,500.00 08/24/2001 45 XXXXXXXXXXX XX 00000 02 14.500 102 $49,609.67 09/01/2016 2 5483859 181 14 $223,250.00 $70,500.00 $840.46 756 0300535085 6 177 1 $235,000.00 08/23/2001 32 XXXXXX XX 00000 02 11.880 125 $70,067.34 09/01/2016 2 5483894 181 14 $48,000.00 $59,500.00 $738.20 713 0300565884 6 177 1 $86,000.00 08/27/2001 44 Xxxxxxx XX 00000 02 12.630 125 $59,159.82 09/01/2016 2 5483897 301 14 $152,850.00 $51,500.00 $566.34 733 0300571171 8 297 1 $169,000.00 08/24/2001 48 Xxxxx XX 00000 02 12.630 121 $51,425.67 09/01/2026 2 5483918 181 14 $126,000.00 $35,000.00 $451.51 687 0300571056 6 177 1 $131,000.00 08/24/2001 40 Xxxxxxxxxx XX 00000 02 13.380 123 $34,745.15 09/01/2016 2

  • 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.

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

  • Level VI Status exists at any date if, on such date, the Borrower has not qualified for Level I Status, Level II Status, Level III Status, Level IV Status or Level V Status.

  • Level V Status exists at any date if, on such date, the Borrower has not qualified for Level I Status, Level II Status, Level III Status or Level IV Status.

  • Level II Status exists at any date if, on such date, (i) the Borrower has not qualified for Level I Status and (ii) the Borrower's Xxxxx'x Rating is Baa1 or better or the Borrower's S&P Rating is BBB+ or better.

  • Other Rating Agency Eligible Assets means assets of the Company designated by any Other Rating Agency as eligible for inclusion in calculating the Agency Discounted Value of the Company’s assets in connection with such Other Rating Agency’s rating of any series of MRP Shares.

  • 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.

  • 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.

  • 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.

  • Level I Status exists at any date if, as of the last day of the fiscal quarter of the Borrower referred to in the most recent Financials, the Leverage Ratio is less than 1.00 to 1.00.

  • Level III Status exists at any date if, on such date, (i) the Borrower has not qualified for Level I Status or Level II Status and (ii) the Borrower's Xxxxx'x Rating is Baa2 or better or the Borrower's S&P Rating is BBB or better.

  • 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.

  • Health status-related factor means any of the following factors:

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

  • 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.