Intermediate Equity Content definition

Intermediate Equity Content means, in relation to securities, an equity content of "intermediate" has been assigned to the securities by the Rating Agency.

Intermediate Equity Content means an equity content of "intermediate" has been assigned by the Rating Agency.

Examples of Intermediate Equity Content in a sentence

• Rating Agency Event Receipt by Genesis Energy of notice from the Rating Agency that, as a result of a change of criteria or Genesis Energy ceasing to hold a credit rating, the Capital Bonds will no longer be assigned an Intermediate Equity Content classification.

• Rating Agency Event In summary, a Rating Agency Event will occur if Genesis: (a) receives notice from S&P that, as a result of a change in criteria, the Capital Bonds will no longer be assigned an Intermediate Equity Content classification; or (b) ceases to hold an Issuer Credit Rating from S&P.

• Rating Agency Event Receipt by Genesis of notice from the Rating Agency that, as a result of a change of criteria or Genesis ceasing to hold a credit rating, the Capital Bonds will no longer be assigned an Intermediate Equity Content classification.

• Ratings Agency Event - means the receipt by the Guarantor of advice from the Rating Agency that, as a result of a change in Rating Agency criteria, the Notes no longer meet the tests for receiving an Intermediate Equity Content (or higher) classification from the Rating Agency.

• Ratings Agency Event - means the receipt by New Zealand Post of advice from the Rating Agency that as a result of a change in Rating Agency criteria the Notes no longer meet the tests for receiving an Intermediate Equity Content (or higher) classification from the Rating Agency.

• These joint benefits are not verifiable, so a complete contingent agreement cannot be written.