Rating Adjustment definition

Rating Adjustment means (i) 0% if Parent’s credit rating is equal to Baa1, Baa2 or Baa3 by ▇▇▇▇▇’▇ Investor Services, Inc. (“▇▇▇▇▇’▇”), BBB+, BBB or BBB- by S&P Global Ratings (“S&P”) or BBB+, BBB or BBB- by Fitch Ratings, Inc. (“Fitch”) for a minimum of two out of three of ▇▇▇▇▇’▇, S&P and Fitch (collectively, the “Rating Agencies”), (ii) a decrease of 0.5% if Parent’s credit rating is upgraded to A3 by ▇▇▇▇▇’▇, A- by S&P or A- by Fitch by a minimum of two out of three Rating Agencies, with such Rating Adjustment to be further decreased by 0.25% for each incremental upgrade above A3 or A-, as applicable, by a minimum of two out of three Rating Agencies or (iii) an increase of 1.0% if Parent’s credit rating is downgraded to Ba1 by ▇▇▇▇▇’▇, ▇▇ by S&P or BB by Fitch by a minimum of two out of three Rating Agencies, with such Rating Adjustment to be further increased by 0.25% for each incremental downgrade below Ba1 or BB, as applicable, by a minimum of two out of three Rating Agencies.
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Rating Adjustment the increase in (i) the Applicable Margin for any Accrual Period and (ii) the Interbank Rate applicable for any Special Settlement Date Accrual Period, as applicable, to be applied if Raytheon's Debt Rating is at the levels set forth below on the last day of the immediately preceding Accrual Period: Applicable Margin and Debt Rating Interbank Rate Increase A+ or A1 .030% A or A2 .065% A- or A3 .100% BBB+ or Baa1 .125% below BBB+ or Baa1 or not rated .225%
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Rating Adjustment means a per annum rate equal to the percentage shown in the following table based on the lowest of the ratings maintained by Moody's and S&P on the Issuer’s debt that is secured by an Obligation issued under the Master Indenture on a parity with the Issuer’s obligations under the 2020D MTI Note:
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Examples of Rating Adjustment in a sentence

  • If the Gas Vendor is only able to provide the credit rating of its parent company, the reduction to the Gas Vendor’s Maximum Security Amount shall be 50% of that indicated in Table 1 - Credit Rating Adjustment Table; provided that the Gas Vendor has provided security in the form of a parental guarantee.

  • AC Power Rating Adjustment Seller shall ensure that each Generating Facility meets the Contract AC Power Rating.

  • If the Gas Vendor is only able to provide the credit rating of its parent company, the reduction to the Gas Vendor’s Maximum Security Amount shall be 50% of that indicated in Table 1 - Credit Rating Adjustment Table; provided that the Gas Vendor has provided security in the form of a parentalguarantee.


More Definitions of Rating Adjustment

Rating Adjustment means (i) 0% if ▇▇▇▇▇▇▇▇’s credit rating is equal to Baa1, Baa2 or Baa3 by ▇▇▇▇▇’▇ Investor Services, Inc. (“▇▇▇▇▇’▇”), BBB+, BBB or BBB- by S&P Global Ratings (“S&P”) or BBB+, BBB or BBB- by Fitch Ratings, Inc. (“Fitch”) for a minimum of two out of three of ▇▇▇▇▇’▇, S&P and Fitch (collectively, the “Rating Agencies”), (ii) a decrease of 0.5% if ▇▇▇▇▇▇▇▇’s credit rating is upgraded to A3 by ▇▇▇▇▇’▇, A- by S&P or A- by Fitch by a minimum of two out of three Rating Agencies, with such Rating Adjustment to be further decreased by 0.25% for each incremental upgrade above A3 or A-, as applicable, by a minimum of two out of three Rating Agencies or (iii) an increase of 1.0% if Millrose’s credit rating is downgraded to Ba1 by ▇▇▇▇▇’▇, ▇▇ by S&P or BB by Fitch by a minimum of two out of three Rating Agencies, with such Rating Adjustment to be further increased by 0.25% for each incremental downgrade below Ba1 or BB, as applicable, by a minimum of two out of three Rating Agencies.
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Related to Rating Adjustment

  • Closing Adjustment Amount shall have the meaning set forth in Section 2.3(b)(i)(A).

  • Closing Adjustment has the meaning set forth in Section 2.04(a)(ii).

  • Post-Closing Adjustment Amount has the meaning set forth in Section 2.2(a).

  • True-Up Adjustment means any Semi-Annual True-Up Adjustment or Interim True-Up Adjustment, as the case may be.

  • Adjustment Amount For any Distribution Date, the difference between (A) the sum of the Class A Principal Balance and the Class B Principal Balance as of the related Determination Date and (B) the sum of (i) the sum of the Class A Principal Balance and the Class B Principal Balance as of the Determination Date succeeding such Distribution Date and (ii) the aggregate amount that would have been distributed to all Classes as principal in accordance with Section 4.01(a) for such Distribution Date without regard to the provisos in the definitions of Class B-1 Optimal Principal Amount, Class B-2 Optimal Principal Amount, Class B-3 Optimal Principal Amount, Class B-4 Optimal Principal Amount, Class B-5 Optimal Principal Amount and Class B-6 Optimal Principal Amount.