Rated Debt definition

Rated Debt means the Borrower's senior unsecured non-credit-enhanced long-term Indebtedness, which Indebtedness does not benefit from guaranties or other credit enhancement provided by any of the Borrower's Subsidiaries.

Rated Debt means the senior, unsecured, non-third party credit enhanced, long term debt of the Borrower which is rated by any one or more of Moody’s, S&P and/or DBRS.

Rated Debt means, with respect to a counterparty,(1) in the case of S&P, (i) S&P assigns (x) a long-term debt rating equal to or higher than “A” to the counterparty, and (y) assigns a short-term debt rating equal to or higher than “A-1” to the counterparty (if the counterparty has both long-term and short-term debt ratings), or (ii) S&P assigns a long-term debt rating equal to or higher than “A+” to the counterparty (if the counterparty only has a long-term debt rating), and (2) in the case of Moody’s (i) Moody’s assigns (x) a long-term debt rating equal to or higher than “A2” to the counterparty, and (y) a short-term debt rating equal to or higher than “Prime 1” to the counterparty (if the counterparty has both long-term and short-term debt ratings), or (ii) Moody’s Issuer Swap Schedule assigns a long-term debt rating equal to or higher than “A1” to the counterparty (if the counterparty only has a long-term debt rating).

Examples of Rated Debt in a sentence

• This bylaw shall not be amended absent written confirmation that such amendment will not adversely affect the rating of the Rated Debt.

• To the extent the Borrower shall have outstanding issues of rated unsecured, unenhanced senior debt (each, a “Rated Debt Issue”), no such Rated Debt Issue shall have a rating less than “BBB--” as determined by S&P.

• The Eurodollar Applicable Margin, the Applicable Facility Fee Rate and the Applicable Utilization Fee Rate for any period shall be determined on the basis of the publicly announced ratings ("Credit Ratings") by Moody's and S&P on the Borrower's Rated Debt during such period, in exxx xxxe in accordance with the table set forth below, to change when and as such Credit Ratings change.

• The Eurodollar Applicable Margin, the Applicable Facility Fee Rate and the Applicable Utilization Fee Rate for any period shall be determined on the basis of the publicly announced ratings ("Credit Ratings") by Mxxxx'x and S&P on the Borrower's Rated Debt during such period, in each case in accordance with the table set forth below, to change when and as such Credit Ratings change.

• The Borrower will, at all times in which (a) the Rated Debt of the Borrower is rated less than BBB- by S&P or is rated less than Baa3 by Moodx'x xx (b) the Borrower's Leverage Ratio is greater than 60%, maintain a Fixed Charge Coverage Ratio for the most recently ended period of four consecutive fiscal quarters of at least 1.5 to 1.

More Definitions of Rated Debt

Rated Debt means, with respect to an entity, in the case of S&P, (i) S&P assigns a short-term debt rating equal to or higher than “A-1” to such entity or (ii) S&P assigns a long-term debt rating equal to or higher than “A+” to such entity (if the entity only has a long-term debt rating).

Rated Debt shall have the meaning therefor set forth in the definition of "Applicable Margin."

Rated Debt means, in respect of any Series, any Related Debt or Associated Debt which is rated by one or more Rating Agencies where such rating was procured by the Loan Note Issuer and/or the issuer of the relevant Associated Debt and, in respect of a VFN Series only, which is expressly designated as being Rated Debt for the purposes of the transaction;

Rated Debt means the senior, unsecured and non-credit enhanced indebtedness of the Parent which has been made subject to Debt Ratings requested by the Parent issued by any two of S&P, Xxxxx'x, Fitch and Xxxx & Xxxxxx, one of which must be S&P or Moody's.

Rated Debt means, with respect to a counterparty, (i) S&P assigns (x) a long-term debt rating equal to or higher than “A” to the counterparty, and (y) assigns a short-term debt rating equal to or higher than “A-1” to the counterparty (if the counterparty has both long-term and short-term debt ratings), (ii) S&P assigns a long-term debt rating equal to or higher than “A+” to the counterparty (if the counterparty only has a long-term debt rating), (iii) Moody’s assigns (x) a long-term debt rating equal to or higher than “A1” to the counterparty, and (y) a short-term debt rating equal to or higher than “P1” to the counterparty (if the counterparty has both long-term and short-term debt ratings), (iv) Moody’s assigns a long-term debt rating equal to or higher than Aa3 to the counterparty (if the counterparty only has a long-term debt rating).

Rated Debt has the meaning assigned to such term in the definition of "Applicable Interest Addition" in Section 1.01 hereof.

Rated Debt means, with respect to a counterparty, (1) in the case of S&P, (i) S&P assigns (x) a long-term debt rating equal to or higher than “A” to the counterparty, and (y) assigns a short-term debt rating equal to or higher than “A-1” to the counterparty (if the counterparty has both long-term and short-term debt ratings), or (ii) S&P assigns a long-term debt rating equal to or higher than “A+” to the counterparty (if the counterparty only has a long-term debt rating), (2) in the case of Moody’s (i) Moody’s assigns (x) a long-term debt rating equal to or higher than “A2” to the counterparty, and (y) a short-term debt rating equal to or higher than “Prime 1” to the counterparty (if the counterparty has both long-term and short-term debt ratings), or (ii) Moody’s assigns a long-term debt rating equal to or higher than “A1” to the counterparty (if the counterparty only has a long-term debt rating) and (3) in the case of Fitch, assigns a long-term unsecured and unsubordinated debt rating from Fitch of at least “A” and a short-term unsecured and unsubordinated debt rating from Fitch of at least “F1”.