Level 5 Period definition

Level 5 Period means each period other than a Level 1 Period, a Level 2 Period, a Level 3 Period or a Level 4 Period, and shall include each period during which both Moody’s and Standard & Poor’s shall not have in effect a rating for the Rated Securities (other than because either such rating agency shall no longer be in the business of rating corporate debt obligations). For purposes of the forgoing, (a) if only one of Moody’s and Standard & Poor’s shall have in effect a rating for the Rated Securities, the Rating Level Period shall be determined by reference to the available rating and (b) if the Rated Securities are rated by Moody’s and Standard & Poor’s with ratings that would otherwise fall within different Rating Level Periods, the applicable Rating Level Period shall be determined by the rating that results in the higher Rating Level Period except that if the lower of such ratings would result in a Rating Level Period that is more than one level below the higher of such Rating Level Periods, the Rating Level Period shall be determined by reference to the rating that is one level above the lower of such ratings.
Sample 1Sample 2Sample 3
Level 5 Period means a period that is not a Level 1 Period, a Level 2 Period, a Level 3 Period or a Level 4 Period during which the Rated Securities are rated better than or equal to Baa1 by Moody's or better than or equal to BBB+ by Standard & Poor's.
Sample 1Sample 2Sample 3
Level 5 Period means each period other than a Level 1 Period, a Level 2 Period, a Level 3 Period or a Level 4 Period, and shall include each period during which both Moody’s and Standard & Poor’s shall not have in effect a rating for the Rated Securities (other than because either such rating agency shall no longer be in the business of rating corporate debt obligations).
Sample 1Sample 2

Examples of Level 5 Period in a sentence

  • Each Pricing Period thereafter will commence 45 days after the end of the immediately preceding quarter and will end 45 days after the end of the next applicable quarter and will be a Levex 0 Xxxxxx, x Xxxxx 0 Xxxxxx, x Xxxxx 0 Xxxiod, a Level 4 Period, a Level 5 Period or a Level 6 Period depending upon FIL's Debt/EBITDA Ratio for the consecutive four-quarter period ending on the last day of the immediately preceding quarter.

  • Xxxx Title: Authorized Signatory Level 1 Period 0 bps 100 bps Level 2 Period 25 bps 125 bps Level 3 Period 37.5 bps 137.5 bps Level 4 Period 50 bps 150 bps Level 5 Period 75 bps 175 bps Xxxxxxx Sachs Bank USA $ 87,500,000 JPMorgan Chase Bank, N.A. $ 87,500,000 The Bank of Tokyo-Mitsubishi UFJ, Ltd.

  • The second Pricing Period, which commences 45 days after the end of June 30, 2000 calendar quarter and ends 45 days after the quarter ended September 30, 2000, will be a Levex 0 Xxxxxx, x Xxxxx 0 Xxxxxx, x Xxxxx 0 Xxxiod, a Level 4 Period, a Level 5 Period or a Level 6 Period, depending upon FIL's Debt/EBITDA Ratio for the consecutive four-quarter period ending on June 30, 2000.

  • The Applicable Margin For Base Rate Borrowings, Base Rate Portions, LIBOR Borrowings, LIBOR Portions, the Facility A Commitment Fee Percentage and the Facility B Commitment Fee Percentage will be set for each Pricing Period and will vary depending upon whether such period is a Level 1 Period, a Levex 0 Xxxxxx, x Xxxxx 0 Xxxxxx, x Xxxxx 0 Xxxiod, a Level 5 Period or a Level 6 Period (each a "Pricing Period Level").

  • The Applicable Margin for each Loan and Portion and the Commitment Fee Percentage will be set for each Pricing Period and will vary depending upon whether such period is a Level 1 Period, a Level 2 Period, a Level 3 Period, a Level 4 Period or a Level 5 Period.


More Definitions of Level 5 Period

Level 5 Period means each period other than a Level 1 Period, a Level 2 Period, a Level 3 Period or a Level 4 Period, during which the Rated Securities are rated equal to or worse than Ba1 by Moody’s or equal to or worse than BB+ by Standard & Poor’s. For purposes of the foregoing, (a) if only one of Moody’s and Standard & Poor’s shall have in effect a rating for the Rated Securities, the Rating Level Period shall be determined by reference to the available rating and (b) if the Rated Securities are rated by Moody’s and Standard & Poor’s with ratings that would otherwise fall within different Rating Level Periods, the applicable Rating Level Period shall be determined by the rating that results in the higher Rating Level Period except that if the lower of such ratings would result in a Rating Level Period that is more than one level below the higher of such Rating Level Periods, the Rating Level Period shall be determined by reference to the rating that is one level above the lower of such ratings.
Sample 1Sample 2Sample 3
Level 5 Period means each period other than a Level 1 Period, a Level 2 Period, a Level 3 Period or a Level 4 Period, and shall include each period during which both Moody’s and
Sample 1

Related to Level 5 Period

  • Rating period means the 12-month period for which premium rates are determined by a health

  • Periodic Term SOFR Determination Day has the meaning specified in the definition of “Term SOFR”.

  • Affiliation period means a period which, under the terms of the health insurance coverage offered

  • Change of Control Period means the period commencing on the date hereof and ending on the third anniversary of the date hereof; provided, however, that commencing on the date one year after the date hereof, and on each annual anniversary of such date (such date and each annual anniversary thereof shall be hereinafter referred to as the "Renewal Date"), unless previously terminated, the Change of Control Period shall be automatically extended so as to terminate three years from such Renewal Date, unless at least 60 days prior to the Renewal Date the Company shall give notice to the Executive that the Change of Control Period shall not be so extended.

  • Lock-up Period means the period commencing on the date of the final prospectus relating to the Company’s IPO, and ending on the date specified by the Company and the managing underwriter(s). Such period shall not exceed one hundred eighty (180) days, or such other period as may be requested by the Company or an underwriter to accommodate regulatory restrictions on (i) the publication or other distribution of research reports, and (ii) analyst recommendations and opinions.