S&P Rating and a definition

S&P Rating and a. Ba1" Moody's Rating would result in an Applicable Letter of Credit Fee equax xx 0.750%. In the event the S&P Rating and Moody's Rating differ by four levels (i.e. a ratings split between levxx 0 xxd level 5), the Applicable Letter of Credit Fee shall be that corresponding to level 4 (i.e. a "BBB+" S&P Rating and a "Ba2" Moody's Rating would result in an Applicable Letter of Credit Fee equax xx 0.25%). In the event only one rating agency exists or continues rating the Company's long term senior unsecured debt, such agency's rating shall be used for purposes of the above table. In the event: (i) neither agency exists or continues rating the Company's long term senior unsecured debt or (ii) the Company no longer has any outstanding long term senior unsecured debt to be rated, the Applicable Letter of Credit Fee for the first 90 days after such occurrence shall be the Applicable Letter of Credit Fee in effect as determined above immediately prior to such occurrence. During such 90-day period, the Agent and the Company shall negotiate in good faith to agree upon a new pricing grid or other appropriate pricing terms. Any such new grid or pricing terms shall be approved by the Banks. In the event the Agent, the Company and the Banks cannot agree upon such new pricing grid or pricing terms by the end of such 90-day period, the Applicable Letter of Credit Fee shall be that corresponding to level 5 of the above table for the remainder of the term of the Agreement. Any necessary adjustment in the Applicable Letter of Credit Fee pursuant to the terms hereof shall become effective immediately upon any change in Rating.
Sample 1
S&P Rating and a. Ba1" Moodx'x Xxxing would result in a Commitment Fee percentage equal to 0.125%. In the event the S&P Rating and the Moodx'x Xxxing differ by three levels, the Commitment Fee shall be that corresponding to the level immediately above the lower of such Ratings. For example, a "BBB+" S&P Rating and a "Ba1" Moodx'x Xxxing would result in a Commitment Fee percentage equal to 0.125%. In the event the S&P Rating and the Moodx'x Xxxing differ by four levels (i.e. a ratings split between level 1 and level 5), then the Commitment Fee shall be that corresponding to
Sample 1
S&P Rating and a. Ba3" Moodx'x Xxxing would result in an Applicable Margin for Eurodollar Rate Loans equal to 1.50%. In the event only one rating agency exists or continues rating the Company's long term senior unsecured debt, such agency's rating shall be used for purposes of the above table. In the event: (i) neither agency exists or continues rating the Company's long term senior unsecured debt or (ii) the Company no longer has any outstanding long term senior unsecured debt to be rated, the Applicable Margin for the first 90 days after such occurrence shall be the Applicable Margin in effect as determined using the above immediately prior to such occurrence. During such 90-day period, the Agent Bank and the Company shall negotiate in good faith to agree upon a new pricing grid or other appropriate pricing terms. Any such new grid or pricing terms shall be approved by the Majority Banks. In the event the Agent Bank, the Company and Majority Banks cannot agree upon such new pricing grid or pricing terms by the end of such 90-day period, the Applicable Margin shall be that corresponding to level 5 of the above table for the remainder of the term of the Agreement. Any necessary adjustment in the Applicable Margin pursuant to the terms hereof shall become effective immediately upon any change in a Rating.
Sample 1

Examples of S&P Rating and a in a sentence

  • Borrower will at all times this Agreement is in effect maintain a S&P Rating and a Xxxxx’x Rating (or if one or both of such ratings are unavailable, rating(s) from such other recognized national rating agency or agencies as may be acceptable to the Administrative Agent and the Required Banks).

  • The Borrower will at all times this Agreement is in effect maintain a S&P Rating and a Xxxxx’x Rating (or if one or both of such ratings are unavailable, rating(s) from such other recognized national rating agency or agencies as may be acceptable to the Administrative Agent and the Required Banks).

  • Borrower will at all times this Agreement is in effect maintain a S&P Rating and a Xxxxx'x Rating (or if one or both of such ratings are unavailable, rating(s) from such other recognized national rating agency or agencies as may be acceptable to the Administrative Agent and the Required Banks).

  • During any period following such election that EastGroup Properties, Inc., shall maintain only two Credit Ratings that are not equivalent and those Credit Ratings are an S&P Rating and a Xxxxx'x Rating, the Applicable Margin shall be determined based upon the Level corresponding with the higher of the two Credit Ratings.

  • For example, an "A-" S&P Rating and a "Baa3" Moodx'x Xxxing would result in a Commitment Fee percentage equal to 0.15%.

  • For example, a "BBB+" S&P Rating and a "Baa3" Moodx'x Xxxing would result in a Commitment Fee percentage equal to 0.15%.

  • For example, an "A-" S&P Rating and a "Baa1" Moodx'x Xxxing would result in a Commitment Fee percentage equal to 0.10%.

  • During any period that EastGroup Properties, Inc., shall maintain only two Credit Ratings that are not equivalent and those Credit Ratings are an S&P Rating and a Xxxxx'x Rating, the Applicable Margin shall be determined based upon the Level corresponding with the higher of the two Credit Ratings.

  • For example a "BB" S&P Rating and a "Ba3" Moodx'x Xxxing would result in a Commitment Fee percentage equal to 0.375%.

  • Borrower will at all times this Agreement is in effect maintain a S&P Rating and a Moody’s Rating (or if one or both of such ratings are unavailable, rating(s) from such other recognized national rating agency or agencies as may be acceptable to the Administrative Agent and the Required Banks).


More Definitions of S&P Rating and a

S&P Rating and a. Baa2" Moodx'x Xxxing would result in a Commitment Fee percentage equal to 0.10%. In the event the S&P Rating and the Moodx'x Xxxing differ by two levels, the Commitment Fee shall be that corresponding to that level which is in between the two applicable levels. For example, a "BBB" S&P Rating and a "Ba1" Moodx'x Xxxing would result in a Commitment Fee percentage equal to 0.125%. In the event the S&P Rating and the Moodx'x Xxxing differ by three levels, the Commitment Fee shall be that corresponding to the level immediately above the lower of such Ratings. For example, a "BBB+" S&P Rating and a "Ba1" Moodx'x Xxxing would result in a Commitment Fee percentage equal to 0.125%. In the event the S&P Rating and the Moodx'x Xxxing differ by four levels (i.e. a ratings split between level 1 and level 5), then the Commitment Fee shall be that corresponding to
Sample 1
S&P Rating and a. Baa2" Xxxxx'x Rating would result in an Applicable Margin for an Advance that has been outstanding for 95 days and which is then bearing interest at a
Sample 1
S&P Rating and a. Baa2" Moody's Rating would result in an Applicable Margin for Eurodollax Xxxx Loans equal to 0.625%. In the event the S&P Rating and the Moody's Rating differ by two levels, the Applicable Margin shall xx xxxx corresponding to that level which is in between the two applicable levels. For example, a "BBB" S&P Rating and a "Ba1" Moody's Rating would result in an Applicable Margin for Eurodollax Xxxx Loans equal to 0.875%. In the event the S&P Rating and the Moody's Rating differ by three levels, the Applicable Margin shalx xx xxat corresponding to the level immediately below the higher of such Ratings. For example, a "BBB+" S&P Rating and a "Ba1" Moody's Rating would result in an Applicable Margin for Eurodollax Xxxx Loans equal to 0.750%. In the event the S&P Rating and the Moody's Rating differ by four levels (i.e. a ratings split betweex xxxxx 1 and level 5), the Applicable Margin shall be that corresponding to level 4. For example, a "BBB+" S&P Rating
Sample 1
S&P Rating and a. Ba1" Moody's Rating would result in an Applicable Margin for Eurodollax Xxxx Loans equal to 0.875%. In the event the S&P Rating and the Moody's Rating differ by three levels, the Applicable Margin shalx xx xxat corresponding to the level immediately below the higher of such Ratings. For example, a "BBB+" S&P Rating and a "Ba1" Moody's Rating would result in an Applicable Margin for Eurodollax Xxxx Loans equal to 0.750%. In the event the S&P Rating and the Moody's Rating differ by four levels (i.e. a ratings split betweex xxxxx 1 and level 5), the Applicable Margin shall be that corresponding to level 4. For example, a "BBB+" S&P Rating
Sample 1
S&P Rating and a. Ba1" Moody's Rating would result in an Applicable Margin for Eurodollax Xxxx Loans equal to 0.750%. In the event the S&P Rating and the Moody's Rating differ by four levels (i.e. a ratings split betweex xxxxx 1 and level 5), the Applicable Margin shall be that corresponding to level 4. For example, a "BBB+" S&P Rating
Sample 1

Related to S&P Rating and a

  • 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.

  • 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.

  • S&P Global Ratings means S&P Global Ratings, a division of S&P Global.

  • 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.

  • Index Debt Rating means the S&P Rating, the Xxxxx’x Rating and the Fitch Rating.

  • 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”.

  • Credit Rating Agency means a nationally recognized credit rating agency that evaluates the financial condition of issuers of debt instruments and then assigns a rating that reflects its assessment of the issuer’s ability to make debt payments.

  • Rating Category means one of the generic rating categories of any Rating Agency without regard to any refinement or gradation of such rating by a numerical modifier or otherwise.

  • Credit Rating means the rating assigned by a Rating Agency to the senior unsecured long term Indebtedness of a Person.

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

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

  • Initial Rating With respect to the Secured Notes, the rating or ratings, if any, indicated in Section 2.3.

  • Moody’s Second 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 “A3” and a short-term unsecured and unsubordinated debt rating from Moody’s of “Prime-2”, or (ii) if such entity does not have 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 “A3”.

  • Threshold Rating means the short-term unsecured debt rating of P-1 by Moody's and A-1 by Standard & Poor's.

  • Corporate Rating an opinion issued by S&P of an obligor’s overall financial capacity (its creditworthiness) to pay its financial obligations.

  • Debt Rating has the meaning specified in the definition of “Applicable Rate.”

  • Ratings As of any date of determination, the ratings, if any, of the Certificates as assigned by the Rating Agencies.

  • Applicable Rating Level at any time and for any Borrower shall be determined in accordance with the then-applicable S&P Rating and the then-applicable Xxxxx’x Rating for such Borrower as follows: S&P Rating A or higher or Xxxxx’x Rating A2 or higher 1 S&P Rating A- or higher or Xxxxx’x Rating A3 or higher 2 S&P Rating BBB+ or Xxxxx’x Rating Baa1 3 S&P Rating BBB or Xxxxx’x Rating Baa2 4 S&P Rating BBB- or Xxxxx’x Rating Baa3 5 S&P Rating BB+ or below or Xxxxx’x Rating Ba1 or below, or no S&P Rating or Xxxxx’x Rating 6 The Applicable Rating Level for any Borrower and for any day shall be determined based upon the higher of the S&P Rating and the Xxxxx’x Rating for such Borrower 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 (i) the ratings differ by more than one level, in which case the rating one level below the higher of the two ratings shall control, or (ii) either rating is below BBB- or Baa3 (as applicable), in which case the lower of the two ratings shall control.

  • Debt Ratings has the meaning specified in the definition of “Applicable Rate.”

  • Other Rating Agency means each NRSRO, if any, other than Fitch then providing a rating for the VMTP Shares pursuant to the request of the Fund.

  • Index Debt means senior, unsecured, long-term indebtedness for borrowed money of the Borrower that is not guaranteed by any other Person or subject to any other 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.

  • Standard & Poor's Glossary The Standard & Poor's LEVELS(R) Glossary, as may be in effect from time to time.

  • Substitute Rating Agency means a “nationally recognized statistical rating organization” within the meaning of Section 3(a)(62) under the Exchange Act selected by the Company (as certified by a resolution of the Board of Directors of the Company).