Sub-Investment Grade definition

Sub-Investment Grade means a Rating of BB+ or below

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Sub-Investment Grade means a Rating of BB+ or below with S&P or Ba1 or below with Moody’s;

Sub-Investment Grade means a rating which is "BB+" or lower from the ratings agency Standard & Poor's or Fitch, “Ba1” or lower from Moody’s Investor Services, or the equivalent rating of another internationally recognised rating agency; “Subscription Cut-Off Time” unless otherwise specified in a Supplement, midday (Irish time) on the relevant Dealing Day or such point as the Directors may determine in exceptional circumstances; “Subscription Form” the subscription form to be completed and signed by an investor or Shareholder in the Fund in such form as is prescribed by the Company from time to time; “Subscriber Shares” the initial share capital of 300,002 shares of no par value subscribed for €1 each; “Supplement” any supplement issued by the Company in connection with a Fund from time to time which is appended to the Prospectus or which takes the form of a separate document and which, in either case, forms part of the Prospectus; “TCA 1997”, “Taxes Act” the Irish Taxes Consolidation Act 1997, as amended from time to time; “Tranche”, “Tranches” any tranche or tranches of Shares established by the Company in respect of any Fund; “Tranche Currency” the currency in which a Tranche is designated; “Tranche Expenses” any expenses attributable to a specific Tranche including hedging costs, if any, legal fees, marketing expenses and the expenses of registering a Tranche in any jurisdiction or with any stock exchange, regulated market or settlement system and such other expenses arising from such registration; “UCITS” an undertaking for collective investment in transferable securities within the meaning of the UCITS Regulations; “UCITS Directive” Directive 2009/65/EC of the European Parliament and of the Council of 13 July 2009 on the coordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities as amended by Directive 2014/91/EU of the European Parliament and of the Council of 23 July 2014 as regards depositary functions, remunerations policies and sanctions, including its mandatory implementing regulations; “UCITS Regulations” the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations, 2011 (as amended) and all applicable Central Bank regulations made or conditions imposed or derogations granted thereunder as may be amended from time to time; “U.S.”, “US”, “United States” the United States of America (including the States and the District of Columbia), its ter...

Examples of Sub-Investment Grade in a sentence

• The ratings are issued by agencies such as Standard & Poor’s and are split into Investment Grade Bonds and Sub-Investment Grade bonds: Investment grade bonds - rating definitions.

• Counterparties to the Fund’s offtake agreements will have credit ratings that are Investment Grade, Alternative Investment Grade, or Sub-Investment Grade, in each case on the later of (a) the date they enter into an offtake agreement or (b) 6 months prior to the Equity Capital Contribution Date for the purchase of the related Project.

• Each Borrowing and each issuance, amendment, renewal or extension of a Letter of Credit shall be deemed to constitute a representation and warranty by the Borrower on the date thereof as to the matters specified in paragraphs (a), (b), and, after the occurrence of a Sub-Investment Grade Date and prior to the occurrence of a Stable Investment Grade Date, (c) of this Section.

• Cash flows from agreements with Alternative Investment Grade customers will be multiplied by the applicable Eligible Percentage listed in Part B below for purposes of calculating the Class A Capital Contribution Amount, and cash flows from agreements with Sub-Investment Grade customers will not be used for purposes of calculating the Class A Capital Contribution Amount.

• The ratings are issued by agencies such as Standard & Poor’s and are split into Investment Grade Bonds and Sub-Investment Grade bonds: Investment grade bonds – rating definitions AAA An obligation rated ‘AAA’ has the highest rating assigned by Standard & Poor’s.

More Definitions of Sub-Investment Grade

Sub-Investment Grade means a rating which is "BB+" or lower from the ratings agency Standard &

Sub-Investment Grade means a rating of better than B as rated by S&P or

Sub-Investment Grade means a credit rating that is not Investment Grade, Alternative Investment Grade 1 or Alternative Investment Grade 2.

Sub-Investment Grade means a rating which is "BB+" or lower from the ratings agency Standard & Poor's or Fitch, “Ba1” or lower from Moody’s Investor Services, or the equivalent rating of another internationally recognised rating agency. “Sub-investment grade” also includes an eligible asset which is not rated by an internationally recognised rating agency, but is determined by the Investment Manager in its own assessment of having credit quality of "BB+" or lower from the ratings agency Standard & Poor's or Fitch, “Ba1” or lower from Moody’s Investor Services, or the equivalent rating of another internationally recognised rating agency. In the event of split rating, the highest credit rating accredited to the relevant issue will be deemed the reference credit rating.

Sub-Investment Grade means a Rating of BB+ or below with S&P or Ba1 or below with Moody’s; “Supplied Electricity” means electricity supplied to you under the Agreement, and in relation to a Supply

Sub-Investment Grade means a rating of better than B as rated by S&P or better than B2 as rated by Moody’s or an Equivalent Rating;

Sub-Investment Grade means a rating of less than BBB- by S&P or less than BBB- by Fitch, or equivalent rating from any other Rating Agency;