Level VI Status definition

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 VI Status exists at any date if, at such date, no other Status exists.

Level VI Status means none of Level I Status, Level II Status, Level III Status, Level IV Status nor Level V Status exists.

Examples of Level VI Status in a sentence

• If at any time the applicable Borrower has no Moody's Rating or no S&P Rating, Level VI Status shall exixx.

• If at any time the applicable Borrower has no Xxxxx'x Rating or no S&P Rating, Level VI Status shall exist.

• Very truly yours, NORTHERN ILLINOIS GAS COMPANY By Title: Level I Status 0.035% 0.090% 0.000% 0.050% Level II Status 0.040% 0.110% 0.000% 0.050% Level III Status 0.050% 0.150% 0.000% 0.050% Level IV Status 0.060% 0.190% 0.000% 0.050% Level V Status 0.070% 0.230% 0.000% 0.050% Level VI Status 0.090% 0.360% 0.000% 0.050% Level VII Status 0.100% 0.500% 0.000% 0.050% Each change in a rating shall be effective as of the date it is announced by the applicable rating agency.

• The "Facility Fee Rate" at any date is: (i) 0.070% if Level I Status exists at such date, (ii) 0.080% if Level II Status exists at such date, (iii) 0.085% if Level III Status exists at such date, (iv) 0.090% if Level IV Status exists at such date, (v) 0.115% if Level V Status exists at such date, (vi) 0.150% if Level VI Status exists at such date, (vii) 0.175% if Level VII Status exists at such date and (viii) 0.250% if Level VIII Status exists at such date.

• In the case of split ratings from S&P and Moody's, the rating to be used to determine Statxx xx xhe higher of the two, provided that (i) in the event the split is more than one full category, the average (or the higher of two median ratings) shall be used (e.g., BBB+/Baa3 results in Level II Status, as does BBB+/Ba1) and (ii) the lower rating applies for purposes of determining Level VI Status.

More Definitions of Level VI Status

Level VI Status means none of Level I Status, Level II Status, Level III Status, Level IV Status nor Level V Status exists, but, subject to the provisions of Schedule 1, the Borrower’s S&P Rating is BBB+ or higher, its Fitch Rating is BBB+ or higher and its Xxxxx’x rating is Baa1 or higher.

Level VI Status exists at any date if, on such date, the Company has not qualified for Level I Status, Level II Status, Level III Status, Level IV Status or Level V Status.

Level VI Status mxxxx xxne of Level I Status, Level II Status, Level III Status, Level IV Status nor Level V Status exists.

Level VI Status as set forth below:

Level VI Status exists at any date if, on such date, the Parent has not qualified for Level I Status, Level II Status, Level III Status, Level IV Status or Level V Status.

Level VI Status means, on any date, the circumstance that the Consolidated Total Debt to Consolidated EBITDA Ratio is less than 1.50 to 1.00 as of such date.

Level VI Status means, on any date, the circumstance that none of Level I Status, Level II Status, Level III Status, Level IV Status or Level V Status exists and the Consolidated Total Debt to Consolidated EBITDA Ratio is greater than or equal to 3.25:1.00 as of such date.