Ratings Limit definition

Ratings Limit means, with respect to any Person, such Person has a long-term credit rating (corporate or long-term senior unsecured debt) of (a)(1) “Baa2” or higher by Moody’s or (2) “BBB” or higher by S&P, or (b) if rated by both Moody’s and S&P, both (a)(1) and (a)(2).
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Ratings Limit means, with respect to any Person, such Person has a long-term credit rating (corporate, long-term senior unsecured debt, or underlying) of (a)(1) “Baa3” or higher by Moody’s or (2) “BBB-” or higher by S&P, or (b) if rated by both Moody’s and S&P, both (a)(1) and (a)(2).
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Ratings Limit means, with respect to any Person, such Person has a long-term credit rating (corporate or long-term senior unsecured debt) of “BBB” or higher with S&P or “Baa2” or higher with Moody’s or both if rated by both S&P and Moody’s.
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Examples of Ratings Limit in a sentence

  • The Parties acknowledge and agree that as of the Effective Date, Buyer satisfies the Ratings Limit.

  • If at any time after the Effective Date, if Buyer fails to meet the Ratings Limit, Buyer shall post or issue, or cause to be posted or issued, Credit Support in support of its obligations.

  • If at any time after the Effective Date, and for so long as Seller satisfies the Ratings Limit, Seller shall not be obligated to provide Credit Support or cause Credit Support to be provided, and Buyer shall release any Credit Support that was provided by Seller.

  • Notwithstanding the foregoing, Seller may self-insure to meet the minimum insurance requirements of this Exhibit E to the extent it maintains a self-insurance program, provided that Seller’s senior secured debt meets the Ratings Limit and its self- insurance program meets the minimum insurance requirements of this Exhibit E.

  • The Parties acknowledge and agree that as of the Effective Date, Seller does not satisfy the Ratings Limit.

  • If at any time after the Effective Date Buyer fails to meet the Ratings Limit, then for so long as Buyer fails to meet the Ratings Limit, Buyer shall provide Credit Support or cause Credit Support to be provided to Seller.


More Definitions of Ratings Limit

Ratings Limit means, with respect to any Person, such Person has a long-term credit rating, corporate or long-term senior unsecured debt rating (not supported by third party
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Ratings Limit means with respect to Proposer or any Qualified Guarantor, a long-term credit rating (corporate or long-term senior unsecured debt) (a) “Baa3” or higher by Moody’s, or (b) “BBB-” or higher by S&P, or (iii) if rated by Moody’s and S&P, both (i) and (ii).
Sample 1
Ratings Limit means, with respect to any Person, such Person has a long-term credit rating (corporate or long-term senior unsecured debt) of “BBB” or higher with S&P or
Sample 1

Related to Ratings Limit

  • Moody s” means Moody’s Investors Service, Inc.

  • 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.

  • 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.

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

  • Fitch Ratings means Fitch Ratings Limited, an English corporation, and any successor thereto;

  • Investment Grade Rating means a rating equal to or higher than Baa3 (or the equivalent) by Xxxxx’x and BBB- (or the equivalent) by S&P, or an equivalent rating by any other Rating Agency.

  • Fitch means Fitch Ratings, Inc.

  • Broadband level means all positions sufficiently similar in knowledge, skills, and abilities, and sufficiently similar as to kind or subject matter of work, level of difficulty or responsibilities, and qualification requirements of the work, to warrant the same treatment as to title, pay band, and other personnel transactions.