Rating Level definition

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.

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Rating Level means the applicable category of rating level contained in Schedule I which is based on the rating of the Borrower’s senior unsecured long-term debt as classified by Moody’s or Standard & Poor’s, or both of them, if applicable.

Rating Level means the applicable rating level as set forth in the table under the definition of the Applicable Rate.

Examples of Rating Level in a sentence

The Facility Fee shall be determined by reference to the Credit Rating Level in effect from time to time; provided, however, that no change in the Facility Fee rate resulting from a change in the Credit Rating Level shall be effective until three (3) Business Days after the date on which the Agent receives written notice of a change.
The L/C Fee Rate for each calendar quarter shall be determined as provided in Schedule I based on the Rating Level in effect on each applicable day of such quarter.
The rate per annum of the facility fee for each calendar quarter shall be determined as provided in Schedule I based on the Rating Level in effect on the first day of such quarter.
It is the intention of the parties that if Borrower shall only obtain a credit rating from one of the Rating Agencies without seeking a credit rating from the other of the Rating Agencies, the Borrower shall be entitled to the benefit of the Credit Rating Level for such credit rating.
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 ▇▇▇▇▇ ▇, 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.

More Definitions of Rating Level

Rating Level means Rating Level 1, Rating Level 2, Rating Level 3, Rating Level 4 or Rating Level 5.

Rating Level. ’ means the applicable outdoor equivalent continuous rating level indicated in Table 2 of SANS 10103;

Rating Level refers to the Rating in effect during any Rating Level Period.

Rating Level means one of the four summative effectiveness ratings assigned to educators under a PE/PG system.

Rating Level means the specific sound level plus the impulsive sound adjustment and

Rating Level at any time shall be determined in accordance with the then-applicable S&P Rating and the then-applicable ▇▇▇▇▇’▇ Rating as follows: S&P Rating A- or higher / ▇▇▇▇▇’▇ Rating A3 or higher I S&P Rating BBB+ / ▇▇▇▇▇’▇ Rating Baa1 II S&P Rating BBB / ▇▇▇▇▇’▇ Rating Baa2 III S&P Rating BBB- / ▇▇▇▇▇’▇ Rating Baa3 IV S&P Rating / ▇▇▇▇▇’▇ Rating does not qualify for Rating Levels I through IV V The Rating Level for any day shall be determined based upon the higher of the S&P Rating and the ▇▇▇▇▇’▇ Rating in effect on such day. If the S&P Rating and the ▇▇▇▇▇’▇ Rating are not the same (i.e., a “split rating”), the higher of such ratings shall control, unless the ratings differ by more than one (1) level, in which case the rating one (1) level below the higher of the two (2) ratings shall control.

Rating Level means one of the four summative effectiveness ratings assigned to educators under a PEPG system.

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