Level V definition

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.
Sample 1Sample 2Sample 3
Level V shall exist at any time the Total Leverage Ratio is less than 2.00:1.0 but equal to or greater than 1.00:1.0.
Sample 1Sample 2
Level V the respective Level set forth below: S&P Rating Xxxxx’x Rating Level I A- or higher A3 or higher Level II BBB+ Baa1 Level III BBB Baa2 Level IV BBB- Baa3 Level V BB+ or below Ba1 or below provided that if on any day the Ratings of the Rating Agencies do not coincide for any rating category and the Level differential is (x) one level, then the higher 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 higher of the intermediate Level will be the applicable Level.
Sample 1Sample 2

Examples of Level V in a sentence

  • Sentence Range (Property Category) MA3Statutory Sentence0 to 1 yr @ Level V and up to $2,300 finePresumptive Sentence1st Offense: Up to 12 m.

  • Sentence Range (Controlled Substance Category) MA5Statutory Sentence0 to 1 yr @ Level V and up to $2,300 finePresumptive Sentence1st Offense w/16-4764 First Offender Program: Minimum 12 m.

  • ICES.—The Director may procure temporary and intermittent serv- ices under section 3109(b) of title 5, United States Code, at rates for individuals which do not exceed the daily equivalent of the annual rate of basic pay prescribed for Level V of the Executive Schedule under section 5316 of such title.

  • Level V - Requires a monthly minimum billing commitment of $75,000; if the minimum is not reached the customer is charged the difference.

  • Sentence Range (Order & Decency Category) MA4Statutory Sentence0 to 1 yr @ Level V and up to $2,300 finePresumptive Sentence1st Offense: Up to 12 m.


More Definitions of Level V

Level V shall exist at any time (a) the Applicable Credit Rating of S&P is equal to or greater than BBB or the Applicable Credit Rating of Xxxxx'x is equal to or greater than Baa2 and (b) Levels I, II, III and IV do not exist.
Sample 1Sample 2Sample 3
Level V has the meaning specified in Section 2.09(a)(ii).
Sample 1Sample 2Sample 3
Level V shall exist at any time the Total Leverage Ratio is greater than or equal to 4.50:1.0.
Sample 1Sample 2Sample 3
Level V any of the following long-term senior unsecured debt ratings: BB+ or lower (or unrated) by S&P, Ba1 or lower (or unrated) by Moody's, BB+ or lower (or unrated) by D&P or BB+ or lower (or unrated) by Fitch.
Sample 1Sample 2Sample 3
Level V means that neither Level I, Level II, Level III nor Level IV shall apply, and the Credit Ratings are better than or equal to at least two (2) of the following three (3): (i) BBB by S&P, (ii) Baa2 by Xxxxx’x and (iii) BBB by Fitch; and
Sample 1Sample 2Sample 3
Level V shall exist at any time, (i) Levels I, II, III and IV do not apply and (ii) the S&P Rating is BB+ or the Xxxxx’x Rating is Ba1.
Sample 1Sample 2
Level V shall exist at any time the Leverage Ratio is less than 4.0:1.0 but greater than or equal to 3.50:1.0.
Sample 1Sample 2