Credit Status 3 definition

Credit Status 3 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 A3 but lower than A2.
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Credit Status 3 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 BBB+ or a rating by Xxxxx’x of the Borrower’s senior unsecured long-term debt of at least Baa2 but lower than Baa1.
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Credit Status 3 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 BBB or a rating by Xxxxx'x Investors Service, Inc. of Gannett's senior unsecured long-term debt of at least Baa2. Credit Status 3 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 4.
Sample 1

Examples of Credit Status 3 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.

  • 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.

Related to Credit Status 3

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

  • proof of B-BBEE status level of contributor means:B-BBEE Status level certificate issued by an authorized body or person;A sworn affidavit as prescribed by the B-BBEE Codes of Good Practice;Any other requirement prescribed in terms of the B-BBEE Act;

  • 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.

  • 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.

  • 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.

  • Revolving Loan Termination Date means the earlier of (a) the fifth anniversary of the Funding Date and (b) the date of termination in whole of the Aggregate Revolving Loan Commitment pursuant to Section 2.05(a) or Section 9.01 hereof.

  • 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.

  • B-BBEE status level of contributor means the B-BBEE status of an entity in terms of a code of good practice on black economic empowerment, issued in terms of section 9(1) of the Broad-Based Black Economic Empowerment Act;

  • Credit Rating means, with respect to any entity, the rating then assigned to such entity’s unsecured, senior long-term debt obligations (not supported by third party credit enhancements) or if such entity does not have a rating for its senior unsecured long-term debt, then the rating then assigned to such entity as an issuer rating by S&P, Moody’s or any other rating agency agreed by the Parties as set forth in the Cover Sheet.

  • 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.

  • 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.

  • 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: 6862163 180 14 $106,413.00 $51,000.00 $600.25 692 0300994381 6 177 1 $139,000.00 02/23/2002 37 Xxxxxxxx XX 00000 02 11.650 114 $50,681.15 02/28/2017 2 6862207 181 14 $68,116.62 $17,250.00 $234.15 726 0300997475 6 178 1 $69,000.00 02/20/2002 40 Xxxxxxx XX 00000 02 14.380 124 $17,166.69 03/03/2017 2 6862269 180 14 $63,529.58 $66,100.00 $743.51 728 0300996592 6 177 1 $218,300.00 02/22/2002 47 Xxxxxx XX 00000 02 10.810 60 $65,652.14 02/27/2017 2 6862403 241 14 $161,606.00 $75,000.00 $771.59 755 0301004214 9 238 1 $209,000.00 02/23/2002 50 Xxxxxxxx XX 00000 02 10.950 114 $74,824.37 03/22/2022 2 6862501 300 14 $53,885.00 $35,000.00 $499.76 644 0300993391 8 297 1 $74,000.00 02/23/2002 41 XXXXXXXXXX XX 00000 02 16.880 121 $34,984.75 02/28/2027 2 6862875 180 14 $184,500.00 $56,000.00 $606.07 710 0300996535 6 178 1 $205,000.00 03/01/2002 41 Xxxxxx XX 00000 02 10.130 118 $55,731.73 03/06/2017 2 6863007 181 14 $130,987.00 $40,000.00 $451.50 728 0300994308 6 178 1 $153,037.00 02/28/2002 00 Xxxxxx Xxxx XX 00000 02 10.880 112 $39,817.66 03/05/2017 2 6863157 181 14 $148,279.00 $35,000.00 $463.17 643 0300994514 6 178 1 $157,000.00 02/28/2002 34 Xxxxxx XX 00000 02 13.880 117 $34,763.93 03/05/2017 2 6863263 180 14 $126,500.00 $35,000.00 $466.09 671 0300996675 6 177 1 $150,000.00 02/23/2002 42 Xxxxxxx XX 00000 02 14.000 108 $34,820.60 02/28/2017 2 6863561 180 14 $79,000.00 $35,000.00 $463.17 642 0300995800 6 177 1 $93,000.00 02/21/2002 29 Xxxxxxx XX 00000 02 13.880 123 $34,882.36 02/26/2017 2 6863723 300 RFC02 $160,000.00 $40,000.00 $470.06 667 0300992880 8 297 1 $160,000.00 02/01/2002 00 Xxxx Xxx Xxxxxx XX 00000 01 13.630 125 $39,951.78 02/06/2027 2 6863983 180 14 $321,035.00 $75,000.00 $826.73 731 0301003984 6 177 1 $359,000.00 02/22/2002 46 Xxxxxx XX 00000 02 10.450 111 $74,504.11 02/27/2017 2 6864235 180 14 $191,200.00 $75,000.00 $826.73 700 0300994340 6 177 1 $243,000.00 02/22/2002 00 Xxxx Xxxxxxxxx XX 00000 02 10.450 110 $74,474.64 02/27/2017 2 6864481 180 14 $161,779.00 $50,000.00 $596.07 671 0300996949 6 177 1 $180,000.00 02/23/2002 40 Xxxxxxxxx XX 00000 02 11.880 118 $49,692.22 02/28/2017 2 6864617 241 04 $131,000.00 $75,000.00 $825.81 713 0300993441 9 233 1 $169,000.00 09/22/2001 44 XXXXX XXXXX XX 00000 02 12.000 122 $72,855.21 10/02/2021 2 6864749 180 14 $144,822.00 $46,900.00 $562.58 671 0300996568 6 177 1 $153,700.00 02/23/2002 48 Xxxxxxxxxx XX 00000 02 11.990 125 $46,615.26 02/28/2017 2 6864753 300 04 $161,442.00 $60,300.00 $657.48 707 0300993466 8 295 1 $188,000.00 12/06/2001 50 XXXXXX XX 00000 02 12.500 118 $59,342.83 12/17/2026 2 6864853 180 14 $168,000.00 $30,000.00 $337.03 722 0300996352 6 177 1 $185,300.00 02/23/2002 33 Xxxxxxxxxx XX 00000 02 10.790 107 $28,796.70 02/28/2017 2 6865221 181 14 $85,157.00 $20,000.00 $248.13 698 0300993409 6 178 1 $90,000.00 02/23/2002 45 XXXX XX 00000 02 12.630 117 $19,920.42 03/03/2017 2 6866004 180 04 $65,041.00 $35,000.00 $437.09 690 0300823887 6 173 1 $80,800.00 10/23/2001 41 Xxxxxxxxx XX 00000 02 12.750 124 $34,532.07 10/29/2016 2 6866483 300 14 $88,940.00 $49,800.00 $599.09 663 0300994373 8 297 1 $111,000.00 02/22/2002 46 Xxxxxxxxxxx XX 00000 02 13.990 125 $49,722.84 02/27/2027 2

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • Non-MERS Eligible Mortgage Loan Any Mortgage Loan other than a MERS Eligible Mortgage Loan.

  • Revolving Loan Commitment Termination Date means the earliest of

  • 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.

  • Level IV Status exists at any date if, on such date, (i) the Borrower has not qualified for Level I Status, Level II Status or Level III Status and (ii) the Borrower's Xxxxx'x Rating is Baa3 or better or the Borrower's S&P Rating is BBB- or better.

  • Permanent status means the state or condition achieved by an employee in the classified service who has successfully completed an initial probationary period or a probationary period required following reinstatement, or whose probationary period is waived through specific statutory direction.

  • B-BBEE status level of contributor” means the B-BBEE status of an entity in terms of a code of good practice on black economic empowerment, issued in terms of section 9(1) of the Broad- Based Black Economic Empowerment Act;

  • Revolving Facility Termination Date means the earlier of (i) August 9, 2018, or (ii) the date that the Commitments have been terminated pursuant to Section 8.02.