Ratings Test definition

Ratings Test has the meaning given in Clause 3.1(c)(i) of Appendix A (General Terms and Conditions);

Ratings Test means, with respect to the Borrower, that the rating established by S&P or Moody’s of the Index Debt of the Borrower is not less than BBB- or Baa3, respectively.

Ratings Test has the meaning given in Clause 2.8(i) of Appendix A (General Terms and Conditions);

Examples of Ratings Test in a sentence

• Only energy discharged and delivered at the Energy Delivery Point during Storage Rating Tests shall be included in all calculations of the Storage Ratings Test.

• Under the Investment Grade Ratings Test, EPA’s analysis estimates the annualized cost savings to industry at approximately $112.5 million.

• The Rating Agencies confirm in writing to the Borrower Security Trustee that the Ratings Test will be satisfied after the accession of any Additional Borrower to the Issuer/Borrower Facility Agreement.

• The goal of this step is to declare each potentially regulated NAICS 212 company as either “passing” or “failing” the financial test scenario in question, for each year for which financial data are available.33Additionally, some financial test scenarios, such as the Higher-than-Investment-Grade Ratings Test, allow for a hybrid component whereby a portion of the obligation is allowed to be self-assured while the remaining balance must be accounted for through the use of a third-party financial instrument.

• To avoid this difficulty, the researchers split the Subjective Ratings Test and the Message Completion Test at the sex of speaker condition whereby each participant evaluated voice messages from a single sex of speaker for both tests.

More Definitions of Ratings Test

Ratings Test has the meaning given in Clause 2.9(a) of Appendix A (General Terms and Conditions); “Re-Allocated Capacity“ means Capacity (including Surrendered Capacity) that is re-allocated from an IAA Shipper to another IAA Shipper in accordance with the IUK Access Code;

Ratings Test means confirmation from the Rating Agencies that, in respect of any event or matter where such confirmation is required, the then current ratings of the Notes will not be subject to downgrade, withdrawal or suspension or put on negative creditwatch by the relevant event or matter;

Ratings Test means where the Rating Agencies have been made aware of any modification, amendment, waiver or consent requested to be made or given in respect of any Obligor Transaction Document and the Issuer:

Ratings Test has the meaning assigned thereto in Section 9.18(b).

Ratings Test means confirmation from the Rating Agencies (or where specified, one of them) that, in respect of any event or matter where such confirmation is required, the then current ratings of the Notes will not be materially adversely affected to the extent of being downgraded, qualified or withdrawn by the relevant event or matter;

Ratings Test means confirmation from the Rating Agencies that, in respect of any event or matter where such confirmation is required, the then current ratings of the Notes and the Underlying Rating will not be adversely affected by the relevant event or matter.

Ratings Test means, in respect to any Person, that such Person has a Credit R ating of at least [AA] by S&P and [Aa2] by Xxxxx’x.