Rating Xxxxx 0 definition

Rating Xxxxx 0 means a rating of the Rated Securities -------------- equal to Baa3 by Moody's or BBB- by S&P.
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Rating Xxxxx 0 means that Rating Xxxxx 0, Xxxxxx Xxxxx 0, Xxxxxx Xxxxx 0 and Rating Level 4 do not apply and the Debt Rating is Baa2 or lower by Moody's or BBB or lower by S&P, and shall include any period during which neither Moody's nor S&P shall have in effect a Debt Rating.
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Rating Xxxxx 0 means a rating of the Rated Securities less -------------- than Baa3 by Moody's and less than BBB- by S&P. If Moody's or S&P shall not have in effect a rating for the Rated Securities at any time, then the Rated Securities shall be deemed to be rated by Moody's or S&P, as the case may be, in Rating Level 6.
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Examples of Rating Xxxxx 0 in a sentence

  • For example, if only one of the Rating Agencies decreases its rating of the Notes to Rating Level 1 (and the rating provided by the other Rating Agency is above Rating Level 1), then the interest rate payable on the Notes will increase by 0.25%, and if each of the Rating Agencies decreases its rating of the Notes to Rating Xxxxx 0, then the Note Interest Rate will increase by 0.25% on account of each such rating provided by both Rating Agencies, or 0.50% in the aggregate.

  • For example, if only one of the Rating Agencies decreases its rating of the Notes to Rating Level 1 (and the rating provided by the other Rating Agency is above Rating Level 1), then the Note Interest Rate will increase by 0.25%, and if each of the Rating Agencies decreases its rating of the Notes to Rating Xxxxx 0, then the Note Interest Rate will increase by 0.25% on account of each such rating provided by both Rating Agencies, or 0.50% in the aggregate.

  • In the event that the Debt Rating of TCEH is lower than Rating Xxxxx 0, but at least at Rating Level 9, on the first Business Day of each week, the Collection Agent shall prepare and forward to the Administrative Agent, each Group Managing Agent and each Holder an Originator Report as of the close of business of the Collection Agent on the last Business Day of the preceding week.

Related to Rating Xxxxx 0

  • Mxxxx’x Rating means, with respect to a Reference Obligation, as of any date of determination:

  • Xxxxx’x Rating means, at any time, the rating issued by Xxxxx’x and then in effect with respect to the Borrower’s senior unsecured long-term debt securities without third-party credit enhancement.

  • Highest Rating Category means, with respect to a Permitted Investment, that the Permitted Investment is rated by S&P or Moody’s in the highest rating category given by that rating agency for that general category of security. By way of example, the Highest Rating Category for tax exempt municipal debt established by S&P is “A 1+” for debt with a term of one year or less and “AAA” for a term greater than one year, with corresponding ratings by Moody’s of “MIG 1” (for fixed rate) or “VMIG 1” (for variable rate) for three months or less and “Aaa” for greater than three months. If at any time (i) both S&P and Moody’s rate a Permitted Investment and (ii) one of those ratings is below the Highest Rating Category, then such Permitted Investment will, nevertheless, be deemed to be rated in the Highest Rating Category if the lower rating is no more than one rating category below the highest rating category of that rating agency. For example, a Permitted Investment rated “AAA” by S&P and “Aa3” by Moody’s is rated in the Highest Rating Category. If, however, the lower rating is more than one full rating category below the Highest Rating Category of that Rating Agency, then the Permitted Investment will be deemed to be rated below the Highest Rating Category. For example, a Permitted Investment rated “AAA” by S&P and “A1” by Moody’s is not rated in the Highest Rating Category.

  • Rating Point means the V&H coordinates associated with a particular telephone number for rating purposes.

  • Moody’s First Trigger Ratings Threshold means, with respect to Party A, the guarantor under an Eligible Guarantee or an Eligible Replacement, (i) if such entity has a short-term unsecured and unsubordinated debt rating from Moody’s, a long-term unsecured and unsubordinated debt rating or counterparty rating from Moody’s of “A2” and a short-term unsecured and unsubordinated debt rating from Moody’s of “Prime-1”, or (ii) if such entity does not have a short-term unsecured and unsubordinated debt rating or counterparty rating from Moody’s, a long-term unsecured and unsubordinated debt rating or counterparty rating from Moody’s of “A1”.

  • XX Xxxxx “Xxx Xxxxxxx”

  • X.X. Xxxxxx shall have the meaning set forth in the preamble.

  • S&P Rating means, at any time, the rating issued by S&P and then in effect with respect to the Borrower’s senior unsecured long-term debt securities without third-party credit enhancement.

  • Duff & Xxxxxx means Duff & Xxxxxx Credit Rating Co. or any successor thereto.

  • Xxxx Xxxxx Xxxxx Xxxxxxx” ”Xxxxx Xxxxxxxx” ”Xxxxxxxxx Xxxxxxx” ”Xxxxx Xxxxxx”

  • Xxxx Xxxxxx “Xxx Xxxx”

  • 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.

  • Sxxxxxxx-Xxxxx Certification As defined in Section 11.09.

  • Xxxxxxxx-Xxxxx Certification As defined in Section 11.05.

  • Xxxxx Xxxxx “Xxx Xxxxxx”

  • Xxxxxx Xxxxx Xxxx Xxxxxx”

  • Xxxxx Xxxxxx Xxxx Xxxxxx”

  • Xxx Xxxxx “Xxxxxxx Xxxxxxxxx”

  • Moody’s Rating means, at any time, the rating issued by Moody's and xxxx xx effect with respect to the Borrower's senior unsexxxxx xong-term debt securities without third-party credit enhancement.

  • Investment Grade Credit Rating means (a) with respect to Fitch, a credit rating of BBB- or higher, (b) with respect to Xxxxx’x, a credit rating of Baa3 or higher and (c) with respect to S&P, a credit rating of BBB- or higher.

  • Xxx Xxxxxx Xxxx Xxxxx” ”Xxxxx Xxxxxxx” ”Xxxxx Xxxxxxxx” ”Xxxxxxxxx Xxxxxxx” ”Xxxxx Xxxxxx”

  • Xxxx Xxxxxxx Xxxxxx Xxxxx” ”Xxxxxx Xxxxxx” ”Xxxxx Xxxxxxxx”

  • Sxxxxxxx-Xxxxx means the Sxxxxxxx-Xxxxx Act of 2002.

  • Xx. Xxxx xxxxx Xxxxxx Xxxxxx generally accepted accounting principles consistently applied.

  • Rating period means the 12-month period for which premium rates are determined by a health

  • Moody’s means Xxxxx’x Investors Service, Inc.