Performance Level 3 definition

Performance Level 3 means that level of financial performance of the U.S. Borrower and its Subsidiaries, on a consolidated basis, measured as of the end of a fiscal quarter of the U.S. Borrower, at which the ratio of Funded Debt as of the end of such fiscal quarter to EBITDA for the then most recently ended four (4) fiscal quarter period of the U.S. Borrower is greater than 3.50 to 1.00 and less than or equal to 4.00 to 1.00.
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Performance Level 3 means that level of financial performance of the Company, on a consolidated basis, in effect on any given date at which the long term, senior unsecured, non-credit enhanced Indebtedness of the Company is rated lower than that required for Performance Level 2.
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Performance Level 3 means that level of financial performance of the Parent and its Subsidiaries, on a consolidated basis, measured as of the end of a Fiscal Quarter, at which the ratio of Funded Debt of the Parent at such date to EBITDA of the Parent for the then most recently ended four (4) Fiscal Quarter period is greater than 5.0 to 1.0.
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Examples of Performance Level 3 in a sentence

  • Performance Level: >3% abandoned: 4% performance penalty.below expectation.

  • The Base Rate Margin and Eurodollar Rate Margin applicable for the period commencing on April 1, 1998 and ending on July 31, 1998 shall be determined based on Borrower's compliance with Performance Levels 1 through 6, PROVIDED, HOWEVER, in no event shall the Base Rate Margin and Eurodollar Rate Margin for such period exceed those determined based on Performance Level 3.

  • Measurable Outcome School will achieve a ≤ 5% Dropout Rate Baseline Performance Level 3% (2011-12) Methods of Measurement Student re-enrollment documentation as verified by our student information system and CALPADS.

  • The Base Rate Margin and Eurodollar Rate Margin applicable for the period commencing on April 1, 1998 and ending on July 31, 1998 shall be determined based on Borrowers' compliance with Performance Levels 1 through 6, PROVIDED, HOWEVER, in no event shall the Base Rate Margin and Eurodollar Rate Margin for such period exceed those determined based on Performance Level 3.

  • January 1, 2022-December 31, 2022 Performance Level: >3% abandoned: 4% performance penalty.


More Definitions of Performance Level 3

Performance Level 3 means that level of financial performance of the Borrower Group, on a consolidated basis, measured as of the end of a fiscal quarter of ASOC, at which the ratio of Funded Debt of the Borrower Group to EBITDA of the Borrower Group for the then most recently ended four (4) fiscal quarter period of ASOC is greater than 2.50 : 1.0 and less than or equal to 3.0 : 1.0.
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Performance Level 3 means, at any date of determination, (a) that the Borrower does not meet the requirements of Performance ▇▇▇▇▇ ▇ or Performance Level 2 and (b) that the Borrower shall have a Debt Rating in effect on such date of at least BB+ by S&P (or the corresponding rating of any Replacement Ratings Agency) and at least Ba1 by ▇▇▇▇▇’▇ (or the corresponding rating of any Replacement Ratings Agency).
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Performance Level 3 means that level of financial performance of Aviation Sales and its Subsidiaries, on a consolidated basis, measured as of the end of a Fiscal Quarter, at which the Consolidated Funded Debt-to-EBITDA Ratio of Aviation Sales for the then most recently ended Four-Quarter Period is greater than 5.0 to 1.0."
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Performance Level 3 means that level of financial performance of the Parent, on a consolidated basis, measured as of the end of a fiscal quarter of ASOC, at which the ratio of Funded Debt of the Parent to EBITDA of the Parent for the then most recently ended four (4) fiscal quarter period of ASOC is greater than 3.25 to 1.0 and less than or equal to 3.75 to 1.0.
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Performance Level 3 means that level of financial performance of the Borrower and its Subsidiaries, on a consolidated basis, measured as of the end of a fiscal quarter of the Borrower, at which the ratio of Funded Debt of the Borrower to EBITDA of the Borrower for the then most recently ended four (4) fiscal quarter period of the Borrower is greater than 2.50 : 1.0 and less than or equal to 3.0 : 1.0.
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Performance Level 3 means that level of financial performance of the Company, on a consolidated basis, in effect on any given date at which the long term, senior unsecured, non-credit enhanced Indebtedness of the Company is rated BBB by S&P or Baa2 by Moody's.
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Related to Performance Level 3

  • Performance Level means a reference to one of Performance Level I, Performance Level II, Performance Level III, Performance Level IV or Performance Level V.

  • Performance Measure means one or more of the following selected by the Committee to measure Company, Affiliate, and/or business unit performance for a Performance Period, whether in absolute or relative terms (including, without limitation, terms relative to a peer group or index): basic, diluted, or adjusted earnings per share; sales or revenue; earnings before interest, taxes, and other adjustments (in total or on a per share basis); basic or adjusted net income; returns on equity, assets, capital, revenue or similar measure; economic value added; working capital; total shareholder return; and product development, product market share, research, licensing, litigation, human resources, information services, mergers, acquisitions, sales of assets of Affiliates or business units. Each such measure shall be, to the extent applicable, determined in accordance with generally accepted accounting principles as consistently applied by the Company (or such other standard applied by the Committee) and, if so determined by the Committee, and in the case of a Performance Compensation Award, to the extent permitted under Code Section 162(m), adjusted to omit the effects of extraordinary items, gain or loss on the disposal of a business segment, unusual or infrequently occurring events and transactions and cumulative effects of changes in accounting principles. Performance Measures may vary from Performance Period to Performance Period and from Participant to Participant, and may be established on a stand-alone basis, in tandem or in the alternative.

  • Performance Milestone means any of the milestones described in Section A2 (Performance Milestones) of attached Exhibit A (Start-Up License Schedule).

  • Performance Measurement Period has the meaning set forth in Section 3.1(e)(ii).

  • Performance Standard means the acceptable range of performance for a Performance Indicator or a Service Volume that results when a Performance Corridor is applied to a Performance Target;