Rating Criteria definition

Rating Criteria with respect to any Person, means that (i) the short-term unsecured debt obligations of such Person are rated at least “A-1” by S&P, “P-1” by ▇▇▇▇▇’▇ and “F-1” by Fitch, if deposits are held by such Person for a period of less than one month, or (ii) the long-term unsecured debt obligations of such Person are rated at least “AA-” by S&P, “Aa3” by ▇▇▇▇▇’▇ and “AA-” by Fitch, if deposits are held by such Person for a period of one month or more.

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Rating Criteria with respect to any Person, means that (i) the short-term unsecured debt obligations of such Person are rated at least "A-1" by S&P, "P-1" by Moody's and "F-1" by Fitch, if deposits are held by such Person for a period of less than one month, or (ii) the long-term unsecured debt obligations of such Person are rated at least "AA-" by S&P (or "A" if the short-term unsecured debt obligations of such Person are rated at least "A-1"), "Aa2" by Moody's and "AA-" by Fitch, if deposits are held by such Person for a period of one month or more.

Rating Criteria with respect to any Person, shall mean that (i) the short-term unsecured debt obligations of such Person are rated at least “F2” by Fitch (or its equivalent from at least one NRSRO), or (ii) the long-term unsecured debt obligations of such Person are rated at least “BBB” by Fitch (or its equivalent from at least one NRSRO).

Examples of Rating Criteria in a sentence

• The Compensation Committee may, in its sole discretion, determine that Executive’s Rating Bonus exceed that indicated by Executive’s Individual Rating Criteria.

• If, for a particular year, the Company’s EBITDA for the year equals or exceeds 90% of Target EBITDA (for clarity, if EBITDA is under 90% then Rating Bonus will not be considered or awarded), then if the Compensation Committee determines, in its sole discretion, that Executive achieved an Individual Rating Criteria as set forth in the chart below, then the Compensation Committee shall further determine the corresponding Rating Bonus percentage based on the chart below.

• If the rating of an existing Agent falls below the minimum required by such Rating Criteria the Issuer must, as soon as possible and in any event within 30 days, appoint a substitute Agent which does meet such Rating Criteria.

• Additionally, in the case of Rated Notes, each of the Secured Agents appointed in respect of such Notes must meet the Rating Criteria applicable in respect of Short Term Investments.

• If the Compensation Committee so determines that Executive’s achievement of the Individual Rating Criteria was a 9.00, then Executive’s Rating Bonus shall be equal to 18% of the Executive’s Base Salary.

More Definitions of Rating Criteria

Rating Criteria with respect to any Person, means that (i) the short-term unsecured debt obligations of such Person are rated at least "A-1" by S&P, "P-1" by ▇▇▇▇▇'▇ and "F-1" by Fitch, if deposits are held by such Person for a period of less than one month, or (ii) the long-term unsecured debt obligations of such Person are rated at least "AA-" by S&P (or "A" if the short-term unsecured debt obligations of such Person are rated at least "A-1"), "Aa2" by ▇▇▇▇▇'▇ and "A" by Fitch, if deposits are held by such Person for a period of one month or more.

Rating Criteria with respect to any Person, shall mean that (i) the short-term unsecured debt obligations of such Person are rated at least “P-1” by Moody’s and “F-1” by Fitch, if deposits are held by such Person for a period of less than one month, or (ii) the long-term unsecured debt obligations of such Person are rated at least “Aa2” by Moody’s and “A” by Fitch, if deposits are held by such Person for a period of one month or more.

Rating Criteria with respect to any Person, shall mean that (i) the short-term unsecured debt obligations of such Person are rated at least "A-1" by S&P and, if rated by another Rating Agency, are rated in an equivalent category by such other Rating Agency, if deposits are held by such person for a period of less than 30 days, or (ii) the long-term unsecured debt obligations of such Person are rated at least "AA-" by S&P and, if rated by another Rating Agency, are rated in an equivalent category by such other Rating Agency, if deposits are held by such person for a period of 30 days or more.

Rating Criteria with respect to any Person, shall mean that (i) the short-term unsecured debt obligations of such Person are rated at least "A-1" by S&P, "P-1" by Moody's and, if rated by another Rating Agency, are rated in an equi▇▇▇▇▇▇ category by such other Rating Agency, if deposits are held by such person for a period of less than 30 days, or (ii) the long-term unsecured debt obligations of such Person are rated at least "AA-" by S&P, "Aa2" by Moody's and, if rated by another Rating Agency, are rated in an equi▇▇▇▇▇▇ category by such other Rating Agency, if deposits are held by such person for a period of 30 days or more.

Rating Criteria means, in respect of Rated Notes, the criteria specified as such or, if not specified, (i) for Long Term Investments, Aaa (Moody’s) for Notes rated by Moody’s, AAA (S&P) for Notes rated by S&P, AAA (Fitch) for Notes rated by Fitch or such other ratings as are consistent with the then published criteria of the relevant Rating Agency as being the ratings that are required to support the then ratings of the Notes, all such ratings for Notes rated by Moody’s, S&P and Fitch, and any such rating for Notes rated by any other Rating Agency; and (ii) for Short Term Investments, P-1 (Moody’s) for Notes rated by Moody’s, A-1+ (S&P) for Notes rated by S&P, F1+ (Fitch) for Notes rated by Fitch or such other ratings as are consistent with the then published criteria of the relevant Rating Agency as being the ratings that are required to support the then ratings of the Notes, all such ratings for Notes rated by Moody’s, S&P and Fitch, and any such rating for Notes rated by any other Rating Agency.

Rating Criteria is satisfied for any Person at any time if:

Rating Criteria means, with respect to any Holder of Class A-2 Notes, criteria that will be satisfied on any date if: