Rating Level definition

Rating Level means, with respect to any rating agency, each rating subcategory or “notch” of such rating agency , giving effect to pluses and minuses (or similar designations). By way of illustration, BBB+, BBB and BBB- are each separate Rating Levels of S&P.

Rating Level means the applicable rating level as set forth in the table under the definition of the Applicable Rate.

Rating Level means the applicable category of rating level contained in Schedule I which is based on the rating of the Borrower’s senior unsecured long-term debt as classified by Moody’s or Standard & Poor’s, or both of them, if applicable.

Examples of Rating Level in a sentence

• The Facility Fee shall be determined by reference to the Credit Rating Level in effect from time to time; provided, however, that no change in the Facility Fee rate resulting from a change in the Credit Rating Level shall be effective until three (3) Business Days after the date on which the Agent receives written notice of a change.

• Rating Level and existing background noise levels to be determined as per the guidance provided in BS 4142:1997.

• The L/C Fee Rate for each calendar quarter shall be determined as provided in Schedule I based on the Rating Level in effect on each applicable day of such quarter.

• Noise associated with plant and machinery incorporated within the development shall be controlled such that the Rating Level, measured or calculated at 1-metre from the façade of the nearest existing noise sensitive premises, shall not exceed a level 5dB below the existing LA90 background noise level.

• The rate per annum of the facility fee for each calendar quarter shall be determined as provided in Schedule I based on the Rating Level in effect on the first day of such quarter.

More Definitions of Rating Level

Rating Level means Rating Level 1, Rating Level 2, Rating Level 3, Rating Level 4 or Rating Level 5.

Rating Level. ’ means the applicable outdoor equivalent continuous rating level indicated in Table 2 of SANS 10103;

Rating Level refers to the Rating in effect during any Rating Level Period.

Rating Level means one of the four summative effectiveness ratings assigned to educators under a PE/PG system.

Rating Level means one of the four summative effectiveness ratings assigned to educators under a PEPG system.

Rating Level means the specific sound level plus the impulsive sound adjustment and

Rating Level at any time shall be determined in accordance with the then-applicable S&P Rating and the then-applicable Xxxxx’x Rating as follows: S&P Rating/Xxxxx’x Rating Rating Level S&P Rating A- or higher / Xxxxx’x Rating A3 or higher I S&P Rating BBB+ / Xxxxx’x Rating Baa1 II S&P Rating BBB / Xxxxx’x Rating Baa2 III S&P Rating BBB- / Xxxxx’x Rating Baa3 IV S&P Rating / Xxxxx’x Rating does not qualify for Rating Levels I through IV V The Rating Level for any day shall be determined based upon the higher of the S&P Rating and the Xxxxx’x Rating in effect on such day. If the S&P Rating and the Xxxxx’x Rating are not the same (i.e., a “split rating”), the higher of such ratings shall control, unless the ratings differ by more than one level, in which case the rating one level below the higher of the two ratings shall control.