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

Examples of Rated Debt in a sentence

  • Rated Debt instruments in which the Scheme invests will be of investment grade as rated by a credit rating agency.

  • This feature will likely reduce the return on the Subordinated Notes and/or one or more subordinate Classes of Rated Debt and cause temporary or permanent suspension of distributions to the Subordinated Notes and/or one or more subordinate Classes of Rated Debt.

  • The rating given to each Class of Rated Debt by Moody's as of the ClosingRefinancing Date, as provided in Section 2.3.

  • In the formulation made famous in the title of J.L. Austin’s (1962) study of performatives, it is about “how to do things with words.” The perennial appeal of Austin’s work for social scientists lies in its concern with the background conditions that must be fulfilled for people to be able to do things with words, the norms, rules and expectations of language games that form a bridge between this kind of linguistic analysis and institutionalism.

  • 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.


More Definitions of Rated Debt

Rated Debt means the senior, unsecured, non-credit enhanced, long term debt of the Borrower.
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 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 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, 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 has the meaning assigned to such term in the definition of "Applicable Interest Addition" in Section 1.01 hereof.