Moody's Rating definition

Moody's Rating means, at any time, the rating issued by Moody's and ▇▇▇▇ ▇▇ effect with respect to the Borrower's senior unse▇▇▇▇▇ ▇ong-term debt securities without third-party credit enhancement.

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Moody's Rating means the long term issuer rating assigned by Mood▇'▇ ▇▇▇estors Service, Inc. and any successor thereto that is ▇ ▇▇▇▇▇nally recognized rating agency to Nicor Gas (or if neither Moody's Investors Service, Inc. nor any such successor shall be in ▇▇▇ ▇▇siness of rating long-term indebtedness, a nationally recognized rating agency in the United States of America as mutually agreed between the Required Lenders and Borrowers). Any reference in this Agreement to any specific rating is a reference to such rating as currently defined by Moody's Investors Service, Inc. (or such a successor) and shall be ▇▇▇▇▇▇ to refer to the equivalent rating if such rating system changes.

Moody's Rating means the rating assigned by Moody's Investo▇▇ ▇▇▇▇ice, Inc. and any successor thereto th▇▇ ▇▇ ▇ nationally recognized rating agency to the outstanding senior unsecured non-credit enhanced long-term indebtedness of Nicor Gas (or if neither Moody's Investors Service, Inc. nor any such successor shall ▇▇ ▇▇ the business of rating long-term indebtedness, a nationally recognized rating agency in the United States of America as mutually agreed between the Required Lenders and Borrowers). Any reference in this Agreement to any specific rating is a reference to such rating as currently defined by Moody's Investors Service, Inc. (or such a successor) and sh▇▇▇ ▇▇ deemed to refer to the equivalent rating if such rating system changes.

Examples of Moody's Rating in a sentence

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

• If any of the measures described in Part 5(g)(iv)(A)(1), Part 5(g)(iv)(A)(2) or Part 5(g)(iv)(A)(3) above are satisfied at any time, all collateral (or the equivalent thereof, as appropriate) transferred by Party A pursuant to Part 5(g)(iii)(D) or Part 5(g)(iv)(B) above will be transferred to Party A and Party A will not be required to transfer any additional collateral in respect of such Subsequent Moody's Rating Event.

• If any of the measures described in Part 5(g)(iii)(A), Part 5(g)(iii)(B) or Part 5(g)(iii)(C) above are satisfied at any time, all collateral (or the equivalent thereof, as appropriate) transferred by Party A pursuant to Part 5(g)(iii)(D) above will be transferred to Party A and Party A will not be required to transfer any additional collateral in respect of such Initial Moody's Rating Event.

• The Fee Rate shall change as and when a relevant change shall occur in the Moody's Rating or the S&P Rating.

• The Borrower shall have a minimum S&P Rating of at least "BBB-" and a minimum Moody's Rating of at least "Baa3," in each case with a stable outlook.

More Definitions of Moody's Rating

Moody's Rating is define▇ ▇▇ ▇▇e Pricing Schedule.

Moody's Rating see the Pricing Schedule.

Moody's Rating means, at any time, the rating issued by Moody's Investo▇▇ ▇▇▇▇ice, Inc. and then in effect with respect to the C▇▇▇▇▇▇'s senior unsecured long-term debt securities without third-party credit enhancement.

Moody's Rating means, at any time, the then current ratin▇ (▇▇▇▇uding the Five-Year Credit Agreement failure to rate) by Moody's of the Company's senior unsecured long term public debt.

Moody's Rating means the rating accorded to Borrower's senior credi▇ ▇▇▇▇▇ities by Moody's.

Moody's Rating means, with respect to any Portfolio Asset, the rating determined pursuant to Schedule E-1 hereto.

Moody's Rating means, with respect to any Collateral Loan, either (i) the public rating issued by Moody’s (based on tranche rating and not corporate family rating); provided that if a Collateral Loan does not have a public rating issued by Moody’s, such rating shall be determined in accordance with Schedule 11 or (ii) any written credit estimate issued by Moody’s received by the Borrower or the Collateral Manager.