Level II Pricing definition

Level II Pricing applies on any day on which (i) the Borrower’s long-term debt is rated A or higher by S&P or A2 or higher by Moody’s and (ii) Level I Pricing does not apply.

Level II Pricing applies at any date if, at such date, the Borrower’s long-term debt is rated A by S&P, A2 by Moody’s and A by Fitch. “Level III Pricing” applies at any date if, at such date, the Borrower’s long-term debt is rated A- by S&P, A3 by Moody’s and A- by Fitch.

Level II Pricing applies at any date if, at such date, (i) the Borrower's long-term debt is rated BBB+ or higher by S&P or Baa1 or higher by Moodx'x xxx (ii) Level I Pricing does not apply.

Examples of Level II Pricing in a sentence

• Level II: Pricing inputs are other than the quoted prices in active markets, which are either directly or indirectly observable as of the reported date.

• Level II Pricing inputs are other than quoted prices in active markets included in Level I.

• Level II: Pricing inputs are other than quoted prices in active markets, which are either directly or indirectly observable as of the reported date.

• Pricing Level I, Pricing Level II, Pricing Level III, Pricing Level IV, Pricing Level V or Pricing Level VI, as the case may be.

• The type of investments in Level I include listed equities and listed derivatives.• Level II: Pricing inputs are other than quoted prices in active markets, which are either directly or indirectly observable as of the reporting date, and fair value is determined through the use of models or other valuation methodologies.

More Definitions of Level II Pricing

Level II Pricing means the pricing during any period during which (i) the Company's long-term senior unsecured debt is rated AA- or higher by S&P or Aa3 or higher by Moody's and (ii) Level I Pricing does not apply.

Level II Pricing applies during any Rate Period if no higher Pricing Level applies and, at the end of the Preceding Fiscal Quarter, the Leverage Ratio was equal to or greater than 1.75 to 1.

Level II Pricing applies on any day if on such day Level I Pricing does not apply and the Company’s unsecured long-term debt is rated BBB+ or higher by S&P or Baa1 or higher by Moody’s.

Level II Pricing applies at any date if, at such date, (i) the Company's long-term debt is rated A or higher by S&P or A2 or higher by Moody's, and (ii) Level I Pricing does not apply. "Level III Pricing" applies at any date if, at such date, (i) the Company's long-term debt is rated A- or higher by S&P or A3 or higher by Moody's and (ii) neither Level I Pricing nor Level II Pricing applies.

Level II Pricing applies if the Debt Rating at the most recent Performance Pricing Determination Date was equal to A or A2.

Level II Pricing applies at any date if, at such date, (i) the Company's long-term debt is rated A- or higher by S&P or A3 or higher by Moody's, and (ii) Level I Pricing does not apply, except as provided below under "Split Rating".

Level II Pricing applies from (a) the Adjustment Date following a fiscal quarter for which [____________] until (b) the next subsequent Adjustment Date on which another Pricing Level becomes applicable.