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 BBB but lower than BBB+ or a rating by Xxxxx’x of Gannett’s senior unsecured long-term debt of at least Baa2 but lower than Baa1.
Sample 1Sample 2Sample 3
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.
Sample 1Sample 2Sample 3
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.

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

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

  • 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: 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

  • 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.

  • Letter of Credit Termination Date means the fifth Domestic Business Day prior to the Termination Date.

  • 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;