Prevailing Rating definition

Prevailing Rating at any date of determination, the higher of (x) the Credit Rating of the Company assigned by S&P and (y) the Credit Rating of the Company assigned by Moody’s.

Prevailing Rating means (a) AAA/Aaa, if the Bonds shall have a rating of AAA or better by S&P and a rating of Aaa or better by Moody’s, (b) if not AAA/Aaa, AA/Aa if the Bonds shall have a rating of AA- or better by S&P and a rating of Aa3 or better by Moody’s, (c) if not AAA/Aaa or AA/Aa, A/A if the Bonds shall have a rating of A- or better by S&P and a rating of A3 or better by Moody’s, (d) if not AAA/Aaa, AA/Aa or A/A, BBB/Baa, if the Bonds shall have a rating of BBB- or better by S&P and a rating of Baa3 or better by Moody’s, and (e) if not AAA/Aaa, AA/Aa, A/A or BBB/Baa, then below BBB/Baa, whether or not the Bonds are rated by any Rating Agency. For purposes of this definition, S&P’s rating categories of “AAA,” “AA,” “A” and “BBB” and Xxxxx’x rating categories of “Aaa,” “Aa3,” “A3” and “Baa” shall be deemed to refer to and include the respective rating categories correlative thereto in the event that any such Rating Agencies shall have changed or modified their generic rating categories or if any successor thereto appointed in accordance with the definitions thereof shall use different rating categories. If the Bonds are not rated by a Rating Agency, the requirement of a rating by such Rating Agency shall be disregarded. If the ratings for the Bonds are split between two of the foregoing categories, the lower rating shall determine the Prevailing Rating. If there is no rating, then the Auction Rate shall be the Maximum Auction Rate.

Prevailing Rating at any date of determination, the Level then applicable; provided that for purposes of determining the applicable Level when the assigned Credit Ratings of the Company by all three Ratings Agencies do not fall within the same Level: (i) if the Credit Ratings of the Company assigned by S&P and Moody’s fall within the same Level, the Prevailing Rating shall be such Level, (ii) if the Credit Ratings of the Company assigned by S&P and Moody’s do not fall within the same Level ​ ​ ​ ​ and the ratings differential is one Level, the Prevailing Rating shall be determined solely by reference to the higher of (x) the Credit Rating of the Company assigned by S&P and (y) the Credit Rating of the Company assigned by Moody’s and (iii) if the Credit Ratings of the Company assigned by S&P and Moody’s do not fall within the same Level and the ratings differential is more than one Level, the Prevailing Rating shall be the Level one notch lower than the Level determined solely by reference to the higher of (x) the Credit Rating of the Company assigned by S&P and (y) the Credit Rating of the Company assigned by Moody’s.

Examples of Prevailing Rating in a sentence

• Your professional credentials include a minimum of three years of music teaching experience in P-12 schools or equivalent professional experience in music teaching and learning.

• Among the several abundance indicators that the code offers (equivalent width, core line intensity or χ2) and their respective flags, we selected the abundances corresponding to the minimum χ2, but still use the other methods to reject any suspicious line.

• Standard & Poor’sRatings Services E Variable F1+Pursuant to the Program Resolution, if at the time of any determination a rating service announces that a lower rating is under consideration for the Notes, then the Prevailing Rating from such rating service will not be the rating then assigned to the Notes but instead shall be the next lower rating of such rating service.

• Pursuant to the Program Resolution, if at any time any rating agency announces that a lower rating is under consideration for the EMCP, then the Prevailing Rating from such rating agency will not be the rating then assigned to the EMCP; rather, it will be the next lower rating of such rating agency.

• For this purpose we used a (global) shortest path algorithm, a cognitive map approach that provide the agents with different degrees of spatial knowledge and a simple room exploration method.

More Definitions of Prevailing Rating

Prevailing Rating means (a) "AAA/Aaa," if the Bonds shall have a rating of "AAA" or better by S&P and a rating of "Aaa" or better by Moody's, (b) if not "AAA/Aaa," "AA/Aa" if the Bonds shall have a rating of "AA-" or better by S&P and a rating of "Aa3" or better by Moody's, (c) if not "AAA/Aaa" or "AA/Aa," "A/A" if the Bonds shall have a rating of "A-" or better by S&P and a rating of "A3" or better by Moody's, and (d) if not "AAA/Aaa," "AA/Aa" or "A/A," "BBB/Baa" if the Bonds shall have a rating of "BBB-" or better by S&P and a rating of "Baa3" or better by Moody's, and (e) if not "AAA/Aaa," "AA/Aa," "A/A" or "BBB/Baa," then below "BBB/Baa," whether or not the Bonds are rated by any securities rating agency. For purposes of this definition, S&P's rating categories of "AAA," "AA," "A-" and "BBB-" and Xxxxx'x rating categories of "Aaa," "Aa3," "A3" and "Baa3" shall be deemed to refer to and include the respective rating categories correlative thereto in the event that any such rating agencies shall have changed or modified their generic rating categories or if any successor thereto appointed in accordance with the definitions thereof shall use different rating categories. If the Bonds are not rated by a Rating Agency, the requirement of a rating by such Rating Agency shall be disregarded. If the ratings for the Bonds are split between two of the foregoing categories, the lower rating shall determine the Prevailing Rating. If there is no rating, then the Auction Rate shall be the Maximum Auction Rate.

Prevailing Rating means, at the time of determination and with respect to a Rating Agency, the rating assigned to the ECP Notes by the Rating Agency or any comparable future designation by the Rating Agency.

Prevailing Rating with respect to the Notes means:

Prevailing Rating of the Preferred Securities means:

Prevailing Rating means (a) AAA/Aaa, if the Bonds shall have a rating of AAA or

Prevailing Rating means, with respect to the Series A Preferred Shares:

Prevailing Rating means, at the time of determination and with respect to each Rating Agency then providing a rating on the Notes at the request of the District, the rating assigned to the Notes by such Rating Agency, or any comparable future designation by such Rating Agency, as the case may be.