Level 6 Period definition

Level 6 Period means each period other than a Level 1 Period, a Level 2 Period, a Level 3 Period, a Level 4 Period or a Level 5 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 that 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.
View Source
Level 6 Period means each period other than a Level 1 Period, a Level 2 Period, a Level 3 Period, a Level 4 Period or a Level 5 Period, and shall include each period during which both Moody's and Standard & Poor's shall not have in
View Source

Examples of Level 6 Period in a sentence

  • 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 Leve▇ ▇ ▇▇▇▇▇▇, ▇ ▇▇▇▇▇ ▇ ▇▇▇▇▇▇, ▇ ▇▇▇▇▇ ▇ ▇▇▇iod, a Level 5 Period or a Level 6 Period (each a "Pricing Period Level").

  • 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 Leve▇ ▇ ▇▇▇▇▇▇, ▇ ▇▇▇▇▇ ▇ ▇▇▇▇▇▇, ▇ ▇▇▇▇▇ ▇ ▇▇▇iod, 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.

  • 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 Leve▇ ▇ ▇▇▇▇▇▇, ▇ ▇▇▇▇▇ ▇ ▇▇▇▇▇▇, ▇ ▇▇▇▇▇ ▇ ▇▇▇iod, 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.

Related to Level 6 Period

  • Peak Period means a period between 8:00 am and 10:00 pm (WST) on any Monday, Tuesday, Wednesday, Thursday or Friday.

  • Working level month (WLM) means an exposure to 1 working level for 170 hours (2,000 working hours per year divided by 12 months per year is approximately equal to 170 hours per month).

  • Applicable Measurement Period means the most recently completed four consecutive fiscal quarters of the Issuer immediately preceding the Applicable Calculation Date for which internal financial statements are available.

  • Ramp Period The Ramp Period shall begin on the Effective Date and continue for a period of 3 months following the Effective Date. Commencing with the Effective Date and at all times during the Ramp Period thereafter, Customer will receive the rates, discounts, charges and credits set forth herein and will not be subject to the AVC.

  • Ramp-Up Period means the period from and including the Effective Date to, but excluding, September 23, 2016.