Investment Grade Debt Rating definition

Investment Grade Debt Rating means, the time when the Company shall have a long-term unsecured debt rating of either (a) at least BBB- or higher from S&P or (b) at least Baa3 or higher from Moody’s.
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Investment Grade Debt Rating means, the time when the Company shall have a non-credit-enhanced, senior unsecured long-term debt rating of either (a) at least BBB- or higher from S&P or (b) at least Baa3 or higher from Moody’s.
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Investment Grade Debt Rating means, a Debt Rating equal or higher than Baa3 if such Debt Rating is issued by Moody's, BBB- if such Debt Rating is issued by S&P, and BBB- if such Debt Rating is issued by Duff & Pxxxxx.
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Examples of Investment Grade Debt Rating in a sentence

  • For the avoidance of doubt, the Company may not request Bid Loans if it does not have an Investment Grade Debt Rating.

  • In the event that (a) Borrower shall ------------------------------ attain an Investment Grade Debt Rating; or (b) Borrower's Subsidiary, PanAmSat, ceases to be subject to dividend payment restrictions and restrictions on pledges of assets contained in the Indentures and the Certificate of Designation, Lender and Borrower agree to negotiate in good faith regarding an appropriate revision to the rate of interest charged under this Agreement.

  • In the event that the Borrower receives an Investment Grade Debt Rating and so long as that rating (or a better rating) is affirmed during each year, the Borrower's Restricted Payments in any calendar year will be limited to 100% of Funds from Operations for such calendar year with the same exceptions contained in clauses (i) and (ii) of this Section 5.15.

  • The amount of the depreciated book value set forth on the line item designated as "Investments in Partnerships" on the Borrower's consolidated balance sheet, together with the aggregate amount of loans and advances to Co-Investment Partnerships permitted by clause (vii) of Section 5.16, shall not at any time exceed (i) so long as the Borrower does not have an Investment Grade Debt Rating, 15% of Gross Asset Value and (ii) while the Borrower has an Investment Grade Debt Rating, 20% of Gross Asset Value.

  • In the event that the General Partner receives an Investment Grade Debt Rating and so long as that rating (or a better rating) is affirmed during each year, the Parent's Restricted Payments in any calendar year will be limited to 100% of Funds from Operations for such calendar year with the same exceptions contained in clauses (i) and (ii) of this Section 5.15.

  • Permit, at any time during which Borrower does not have an Investment Grade Debt Rating, (a) the Total Outstandings to exceed the Borrowing Base Availability or (b) the Borrowing Base Availability to be less than zero (0).

  • Permit, at any time during which Borrower does not have an Investment Grade Debt Rating, the number of Unsold Units financed under this Agreement and Tower Unsold Units financed under this Agreement as of the end of any fiscal quarter of Borrower to exceed thirty five percent (35%) of the aggregate number of such Unit and Tower Unit sales for the immediately preceding four (4) fiscal quarters of Borrower.


More Definitions of Investment Grade Debt Rating

Investment Grade Debt Rating means a Debt Rating of BBB- or higher by S&P and Baa3 or higher by Moody’s; provided, however, if (a) only one of S&P and Moody’s at any time of determination shall have in effect a Debt Rating, the available rating shall apply, (b) neither S&P nor Moody’s at any time of determination shall have in effect a Debt Rating, the Parent Guarantor shall not have an Investment Grade Rating, (c) the ratings established by S&P and Moody’s shall fall within different levels, the higher rating shall apply; provided, that if there exists a multiple level split in the ratings, the rating that is one level higher than the lower level shall apply, (d) any rating established by S&P or Moody’s shall be changed, such change shall be effective as of the date on which such change is first announced publicly by the rating agency making such change, and (e) S&P or Moody’s shall change the basis on which ratings are established, each reference to the Debt Rating announced by S&P or Moody’s, as the case may be, shall refer to the then equivalent rating by S&P or Moody’s, as the case may be.
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Investment Grade Debt Rating means, as of any date of determination, a Debt Rating of (a) Baa3 or better by Moody’s, (b) BBB- or better by S&P, (c) BBB - or better by Fitch or (d) the equivalent of any Debt Rating described in the foregoing clauses (a), (b) and (c) by Moody’s, S&P or Fitch, in each case, that is in effect at such time.
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Investment Grade Debt Rating means an Applicable Credit Rating of BBB- or higher by S&P or Baa3 or higher by Mxxxx’x (or an equivalent rating from another nationally recognized rating agency).
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Investment Grade Debt Rating means a Debt Rating of BBB- or higher by S&P and Baa3 or higher by Moody’s; provided, however, if (a) only one of S&P and Moody’s at any time of determination shall have in effect a Debt Rating, the available rating shall apply, (b) neither S&P nor Moody’s at any time of determination shall have in effect a Debt Rating, the Guarantor shall not have an Investment Grade Debt Rating, (c) the ratings established by S&P and Moody’s shall fall within different levels, the higher rating shall apply; provided, that if there exists a multiple level split in the ratings, the rating that is one level higher than the lower level shall apply, (d) any rating established by S&P or Moody’s shall be changed, such change shall be effective as of the date on which such change is first announced publicly by the rating agency making such change, and (e) S&P or Moody’s shall change the basis on which ratings are established, each reference to the Debt Rating announced by S&P or Moody’s, as the case may be, shall refer to the then equivalent rating by S&P or Moody’s, as the case may be;
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Investment Grade Debt Rating means a Debt Rating of BBB- or higher by S&P and Baa3 or higher by Moody’s; provided, however, if (a) only one of S&P and Moody’s at any time of determination shall have in effect a Debt Rating, the available rating shall apply, (b) neither S&P nor Moody’s at any time of determination shall have in effect a Debt Rating, the Parent Guarantor shall not have an Investment Grade Rating, (c) the ratings established by S&P and Moody’s shall fall within different levels, the higher rating shall apply; provided, that if there exists a multiple level split in the ratings, the rating that is one level higher than the lower level
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Investment Grade Debt Rating means a Debt Rating of BBB- or higher by S&P and Baa3 or higher by Moody’s; provided, however, if
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Related to Investment Grade Debt Rating

  • Investment Grade means a rating of Baa3 or better by Moody’s (or its equivalent under any successor rating categories of Moody’s); a rating of BBB- or better by S&P (or its equivalent under any successor rating categories of S&P); and the equivalent investment grade credit rating from any additional Rating Agency or Rating Agencies selected by the Company.

  • Investment Grade Rating means a rating equal to or higher than Baa3 (or the equivalent) by Xxxxx’x and BBB- (or the equivalent) by S&P, or an equivalent rating by any other Rating Agency.

  • Debt Rating has the meaning specified in the definition of “Applicable Rate.”

  • S&P Rating means, at any time, the rating issued by S&P and then in effect with respect to the Borrower's senior unsecured long-term debt securities without third-party credit enhancement.

  • Investment Grade Securities means:

  • Moody’s means Xxxxx’x Investors Service, Inc. and any successor thereto.

  • Lowest Adjacent Grade (LAG means the elevation of the ground, sidewalk or patio slab immediately next to the building, or deck support, after completion of the building.

  • Moody s” means Moody’s Investors Service, Inc.