Numerical Equivalent definition

Numerical Equivalent means, with respect to any rating set forth below, the number set forth opposite such rating and (b) "Average Numerical Equivalent" shall mean, at any time, the sum of the respective Numerical Equivalents of the two ratings then in effect divided by 2, ---------- and rounded down, if necessary, to the nearest whole number. In the event that any rating lower than the ratings set forth below shall apply, an appropriate Numerical Equivalent shall be assigned to such rating. =============================== S&P Xxxxx'x Numerical Rating Rating Equivalent ------------------------------- AAA Aaa 1 ------------------------------- AA+ Aa1 2 ------------------------------- AA Aa2 3 ------------------------------- AA- Aa3 4 ------------------------------- A+ A1 5 ------------------------------- A A2 6 ------------------------------- A- A3 7 ------------------------------- BBB+ Baa1 8 ------------------------------- BBB Baa2 9 =============================== In the event that, on the date hereof, the rating of the Index Debt by either rating agency shall have been announced as being on "CreditWatch" or otherwise under review (a "Reviewed Rating"), the Applicable Rate shall be determined by reference to Level III until each such Reviewed Rating is either confirmed or changed, and thereafter shall be determined in accordance with the other provisions of this definition. If the rating system of either Xxxxx'x or S&P shall change prior to the Maturity Date, or if either such rating agency shall cease to be in the business of rating corporate debt obligations or shall no longer have in effect a rating for any reason outside the control of JCPenney and Funding, the Borrowers and the Lenders shall negotiate in good faith to amend the references to specific ratings in this definition to reflect such changed rating system or the absence of such a rating. Pending agreement on any such amendment, (i) if the rating system of one such rating agency shall remain unchanged, or if a rating shall be available from one such rating agency, the Applicable Rate shall be determined by reference to the rating established by such rating agency, and (ii) if no rating for the Index Debt shall be available from either rating agency then (A) for 60 days, the Applicable Rate shall be determined by reference to the rating or ratings most recently available, (B) after 60 days, the Applicable Rate shall be determined by reference to Level V (or Level VI if the Applicable Rate shall have been determin...
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Examples of Numerical Equivalent in a sentence

  • Grading System Numerical Equivalent* Not used to calculate Grade Point Average Class HoursClasses may be held during the day and also at night.

  • Grading System Numerical Equivalent Incomplete and Failing GradesAn “I” grade indicates incomplete work in a class.

  • Grading System Numerical Equivalent* Not used to calculate Grade Point Average Grade point average (GPA) is determined by dividing total quality points earned by total hours attempted.

  • DCR may approve changes to the BTRC number when processing certain modification requests.

  • Please note plus and minus is not computed into GPA nor is PE.Letter Grade Numerical Equivalent A+97 - 100BProcedures for Retention in Grades 9-12The educational program at Hall High School will prepare each student for success at the next grade level.

  • Grading Scale - Letter grade and numerical percent equivalentGrade Numerical Equivalent ClassificationA93 – 100ExcellentB85 – 92Above AverageC77 – 84AverageD70 – 76Below AverageF0 – 69Failure All students (whether on financial aid or private pay) must maintain Satisfactory Academic Progress (SAP) according to the following standards: Maximum Timeframe to CompleteStudents must complete within 105% of the normal length of the program.

  • Marks (grades) shall be as follows: Grades Numerical Equivalent Credit GPAGrade Point Value Additional Comments 9 5-A DCMR § 2403.3.

  • Grading System** Numerical Equivalent* Not used to calculate Grade Point Average**Nursing students must maintain an 80% in all nursing courses to progress in the program.

  • Grading Scale - Letter grade and numerical percent equivalent Grade Numerical Equivalent ClassificationA93 – 100ExcellentB85 – 92Above AverageC77 – 84AverageD70 – 76Below AverageF0 – 69Failure All students (whether on financial aid or private pay) must maintain Satisfactory Academic Progress (SAP) according to the following standards: Maximum Timeframe to CompleteStudents must complete within 105% of the normal length of the program.

  • Grading System** Numerical Equivalent* Not used to calculate Grade Point Average **Nursing students must maintain an 80% in all nursing courses to progress in the program.

Related to Numerical Equivalent

  • Spousal equivalent means a cohabitant occupying a relationship generally equivalent to that of a spouse.

  • Actual Deferral Percentage means, for a specified group of Participants for a Plan Year, the average of the ratios (calculated separately for each Participant in the group) of (1) the amount of Employer contributions actually paid over to the Trust on behalf of the Participant for the Plan Year to (2) the Participant's Earnings for the Plan Year (or, provided that the Employer applies this method to all Employees for a Plan Year, the Participant's Earnings for that portion of the Plan Year during which he was eligible to participate in the Plan). Employer contributions on behalf of any Participant shall include: (i) his Elective Deferrals, including Excess Elective Deferrals of Highly Compensated Employees, but excluding (A) Excess Elective Deferrals of Non-Highly Compensated Employees that arise solely from Elective Deferrals made under the Plan or another plan maintained by an Affiliated Employer, and (B) Elective Deferrals that are taken into account in the Average Contribution Percentage test described in Section 5.10 (provided the ADP test is satisfied both with and without exclusion of these Elective Deferrals), and excluding Elective Deferrals returned to a Participant to reduce an Excess Amount as defined in Section 6.5(f); and (ii) if the Employer has elected to make Qualified Nonelective Contributions, such amount of Qualified Nonelective Contributions, if any, as shall be necessary to enable the Plan to satisfy the ADP test and not used to satisfy the ACP test; and (iii) if the Employer has elected to make Qualified Matching Contributions, such amount of Qualified Matching Contributions, if any, as shall be necessary to enable the Plan to satisfy the ADP test and not used to satisfy the ACP test. For purposes of computing Actual Deferral Percentages, an Employee who would be a Participant but for his failure to make Elective Deferrals shall be treated as a Participant on whose behalf no Elective Deferrals are made.

  • Aggregate Industry Equivalent Unit Score is then calculated for each S&P Industry Classification, shown on Schedule 2, and is equal to the sum of the Equivalent Unit Scores for each issuer in such industry classification group.

  • Average Actual Deferral Percentage means the average (expressed as a percentage) of the Actual Deferral Percentages of the Eligible Participants in a group.

  • Incremental Equivalent Debt means Indebtedness incurred by the Loan Parties in the form of senior secured or unsecured notes or loans or junior secured or unsecured notes or loans and/or commitments in respect of any of the foregoing issued, incurred or implemented in lieu of loans under an Incremental Facility; provided, that:

  • Interpolated Benchmark with respect to the Benchmark means the rate determined for the Corresponding Tenor by interpolating on a linear basis between: (1) the Benchmark for the longest period (for which the Benchmark is available) that is shorter than the Corresponding Tenor and (2) the Benchmark for the shortest period (for which the Benchmark is available) that is longer than the Corresponding Tenor.

  • Performance Percentage means the factor determined pursuant to a Performance Schedule that is to be applied to a Target Award and that reflects actual performance compared to the Performance Target.

  • Series Percentage means, with respect to any specified category, with respect to any Distribution Date or Trust Distribution Date, as applicable, the sum of the Class Percentages with respect to such category for each Class of the Series established hereby on such Distribution Date or Trust Distribution Date, as applicable.

  • Generic Equivalent or "generically equivalent" means a drug that has an identical amount of the same active chemical ingredients in the same dosage form, that meets applicable standards of strength, quality and purity according to the United States pharmacopeia or other nationally recognized compendium and that, if administered in the same amounts, will provide comparable therapeutic effects. Generic equivalent or generically equivalent does not include a drug that is listed by the federal food and drug administration as having unresolved bioequivalence concerns according to the administration's most recent publication of approved drug products with therapeutic equivalence evaluations.

  • Total Percentage means, with respect to any Lender at any time, the ratio (expressed as a percentage) of such Lender’s Aggregate Exposure at such time to the Aggregate Exposure of all Lenders at such time.

  • Dollar-Denominated Production Payments means production payment obligations recorded as liabilities in accordance with GAAP, together with all undertakings and obligations in connection therewith.

  • Sterling Equivalent means at the time of determination thereof (a) with respect to Sterling, the amount in Sterling and (b) with respect to any amount in Dollars, the equivalent of such amount in Sterling determined by Administrative Agent at such time on the basis of the Exchange Rate for the purchase of Sterling with Dollars on the most recent Computation Date provided for in Section 2.8(a).

  • Full Time Equivalent or "FTE" means the full-time

  • Prepayment Distribution Percentage With respect to any Distribution Date and each Class of Subordinate Certificates, under the applicable circumstances set forth below, the respective percentages set forth below:

  • Notional Total Profit with respect to any number of shares as to which Grantee may propose to exercise this Option shall be the Total Profit determined as of the date of such proposed exercise assuming that this Option were exercised on such date for such number of shares and assuming that such shares, together with all other Option Shares held by Grantee and its affiliates as of such date, were sold for cash at the closing market price for the Common Stock as of the close of business on the preceding trading day (less customary brokerage commissions).

  • Therapeutic Equivalent means that a Covered Drug can be expected to produce essentially the same therapeutic outcome and toxicity.

  • Deferral Percentage means the percentage (which, unless the Administrator, in his or her sole discretion, determines otherwise, shall be in whole percentage increments and not more than 90%) specified by the Participant to be the percentage of each payment of Compensation he or she wishes to defer under the Plan.