Level 3 Status definition

Level 3 Status exists at any date if, at such date (i) the Index Debt is rated either BBB or higher by S&P or Baa2 or higher by Xxxxx’x and (ii) neither Xxxxx 0 Xxxxxx xxx Xxxxx 0 Xxxxxx exists.
Sample 1Sample 2Sample 3
Level 3 Status means that period of time during which the ratio of the FDC Group's Adjusted Funded Debt to Adjusted Pro Forma EBITDA, on a trailing twelve-month basis, with respect to computation of the Term Spread only, is greater than 2.25 to 1.00.
Sample 1
Level 3 Status exists at any date if, at such date, no other Status exists.
Sample 1

Examples of Level 3 Status in a sentence

  • Level 3: Status of forest degradationThe conditions of the forests prior to rehabilitation measures were characterised by low stocking density and loss of important tree species.

  • A number of Council actions/provisions support the Level 3 Status, examples of which include: • the welcoming of applications from disabled people, together with the utilisation of the Access to Work scheme to provide additional support for disabled candidates and employees;• redesigning of jobs to remove barriers where potential and existing employees are affected by the nature of their impairment; and• the provision of placements/experience for disabled students or applicants.

  • Case study 2: DCS – Level 3 Status In September 2017, Inverclyde Council became only the second local authority in Scotland to achieve DCS Leadership (Level 3) Status.

  • Discharge Water Management for Open (flow through) freshwater (for approved species) or estuarine, marine or saline ground water systems Level 1 Level 2 Level 3 Status Mitigation measures to meet WQOs required.

  • Illustrate an understanding of the critical legal issues affecting food and beverage profitabilityo Assessed through Work Experience Activities #9o Assessed through Food & Beverage Final Exam Prerequisites: Level 3 Status in PGA Golf Management(All Level 2 Exams and Work Experience has been completed and approved.

  • Excess water disposal Level 1 Level 2 Level 3 Status earthen channel.

  • Prerequisites: Level 3 Status in PGA Golf Management(All Level 2 Exams and Work Experience has been completed and approved.

  • Aboriginal heritage Level 1 Level 2 Level 3 Status c) Likely impact on Aboriginal heritage 4 No impact on Aboriginal sites/places or values of cultural significance to Aboriginal community Impact on Aboriginal sites/places or values of cultural significance to Aboriginal community Sites/places of regional or national significance present and likely to impact on sites/places.

  • The implementation of the Council’s Communications Strategy will therefore include the promotion of our Level 3 Status.

  • Further, in view of the travel restrictions due to Alert Level 3 Status in the City during the Survey Period, the findings were based on the observations done on similar franchisees in various locations in Quezon City28 as substitutes.


More Definitions of Level 3 Status

Level 3 Status exists at any date if, on such date, (i) the Borrower has not qualified for Xxxxx 0 Xxxxxx xx Xxxxx 0 Xxxxxx xxx (xx) the Parent’s Applicable Xxxxx’x Rating is B1 or better and the Parent’s Applicable S&P Rating is B+ or better.
Sample 1

Related to Level 3 Status

  • 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.

  • 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 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 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.

  • 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.

  • Probationary status means the 12-month period following

  • Travel status with respect to an employee means absence of the employee from his/her headquarters or geographic location on Justice Institute of British Columbia business with the approval of the Employer, but travel status does not apply to employees temporarily assigned to a position outside of his/her headquarters or geographic location or to field status employees;

  • Familial status means the condition of one or more minors being domiciled with:

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

  • marital status means being single, married as recognized by the state of Connecticut, widowed, separated or divorced;

  • 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;

  • Level I means a component of the federal PASRR requirement. Level I refers to the identification of individuals who are potential nursing facility admissions who have indicators of mental illness or developmental disabilities (42 CFR 483.128(a)).

  • Change in Status means any of the events described below, as well as any other events included under subsequent changes to Code section 125 or regulations issued thereunder, which the Plan Administrator, in its sole discretion and on a uniform and consistent basis, determines are permitted under IRS regulations and under this Plan:

  • Active status means (i) for employees, the absence of any interruption or termination of service as an employee, (ii) for Directors, that the Director has not been removed from the Board for cause (as determined by the Company’s shareholders), and (iii) for Consultants, the absence of any interruption, expiration, or termination of such person’s consulting or advisory relationship with the Company or any Subsidiary or the occurrence of any termination event as set forth in such person’s Award Agreement. Active Status shall not be considered interrupted (A) for an employee in the case of sick leave, maternity leave, infant care leave, medical emergency leave, military leave, or any other leave of absence properly taken in accordance with the policies of the Company or any applicable Subsidiary as may be in effect from time to time, and (B) for a Consultant, in the case of any temporary interruption in such person’s availability to provide services to the Company or any Subsidiary which has been granted in writing by an authorized officer of the Company. Whenever a mandatory severance period applies under applicable law with respect to a termination of service as an employee, Active Status shall be considered terminated upon such Employee’s receipt of notice of termination in whatever form prescribed by applicable law.

  • Individual Resource Status Single Dwelling Contributing Total: 1

  • Group Grievance is defined as a single grievance, signed by a Xxxxxxx or a Union Representative on behalf of a group of employee who have the same complaint. Such grievances must be dealt with at successive stages of the Grievance Procedure commencing with Step 1. The grievors shall be listed on the grievance form.

  • Level III means a level of detail in the CPM Schedule which is an implementation (control) schedule used to direct the Work by providing schedule parameters to the more detailed implementation level, identify and resolve schedule problems, status progress in terms of Milestones, measure the impact of scope changes and delays, develop recovery plans, and support schedule-related contractual action. The work breakdown structure in the Level III CPM Schedule is at an area level, and shall involve over two thousand (2,000) activities. The Level III CPM Schedule is developed with the assistance of and accepted by Contractor’s Key Personnel. All Major Equipment (including bulk material requirements) are scheduled at area level and detailed construction activities at each commodity level follow the same area concept. The Subcontract schedules are similarly developed for each area, as applicable.

  • Level IV Pricing applies on any day on which (i) the Borrower’s long-term debt is rated BBB+ or higher by S&P or Baa1 or higher by Moody’s and (ii) none of Level I Pricing, Level II Pricing or Level III Pricing applies.

  • Level IV and “Level V”: the respective Level set forth below: Level I A- or higher A3 or higher Level II BBB+ Baa1 Level III BBB Baa2 Level IV BBB- Baa3 Level V BB+ or lower Ba1 or lower provided that if on any day the Applicable Xxxxx’x Rating and the Applicable S&P Rating do not coincide for any rating category and the Level differential is (x) one level, then the higher of the Applicable S&P Rating or the Applicable Xxxxx’x Rating will be the applicable Level; (y) two levels, the Level at the midpoint will be the applicable Level; and (z) more than two levels, the highest of the intermediate Levels will be the applicable Level; provided further that if on any day, neither the Applicable Xxxxx’x Rating nor the Applicable S&P Rating is available, the applicable Level shall be Level V.

  • Status means Level I Status, Level II Status, Level III Status, Level IV Status, Level V Status or Level VI Status.

  • refugee status means the recognition by a Member State of a third-country national or a stateless person as a refugee;

  • 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 Status shall occur when the Notes receive two of the following:

  • Level II means a component of the federal PASRR requirement. Level II refers to the evaluation and determination of whether nursing facility services and specialized services are needed for individuals with mental illness or developmental disability who are potential nursing facility admissions, regardless of the source of payment for the nursing facility service (42 CFR 483.128(a)). Level II evaluations include assessment of the individual’s physical, mental, and functional status (42 CFR 483.132).

  • Inactive status means the status of a practitioner licensed or registered pursuant to Iowa Code chapter 153 who is not currently engaged in the practice of dentistry, dental hygiene, or dental assisting in the state of Iowa and who has paid the required renewal fee but who has not met the requirements for continuing education.