Rating Level 2 definition

Rating Level 2 means that Rating Level 1 does not apply and the Debt Rating is A3 by Moody's or A- by S&P.
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Rating Level 2 means a rating of the Rated Securities equal to A3 by Moody's or A- by S&P.
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Rating Level 2 means a period that is not a Rating Level 1 during which the ▇▇▇▇▇’▇ Rating is at or above A1 or the Standard & Poor’s Rating is at or above A+;
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Examples of Rating Level 2 in a sentence

  • During any Rating Level 2 Period, the Servicer shall deliver to each Managing Agent and the Seller, no later than 11:00 a.m., New York City time, on the second Business Day of each calendar week, a Weekly Report containing the information listed in Annex A-2 with respect to the immediately preceding calendar week, and such other information as the Administrative Agent or any Managing Agent may reasonably request.

  • The Credit Rating Level which would be applicable for so long as the Credit Rating is greater than or equal to A by S&P or A2 by ▇▇▇▇▇’▇; Credit Rating Level 2.

  • The Credit Rating Level which would be applicable for so long as the Credit Rating is greater than or equal to A by S&P or A2 by M▇▇▇▇’▇; Credit Rating Level 2.

  • Rating Agency 1 (e.g. Standard and Poors) Credit Rating Level 1 = AAA Credit Rating Level 2 = AA+ Credit Rating Level 3 = AA Credit Rating Level 4 = AA- Credit Rating Level 5 = A+ Credit Rating Level 6 = A Credit Rating Level 7 = A- • Credit Rating Level 8 = BBB+ Credit Rating Level 9 = BBB • Credit Rating Level 10 = BBB- Etc.

  • Corporate Ratings (S&P, ▇▇▇▇▇’▇ and Fitch) Commitment Fee Rate Rating Level 1: at least BBB- and Baa3 and BBB- 0.175 % Rating Level 2: less than BBB- or Baa3 or BBB- 0.250 % In the event of split Rating Levels, the Commitment Fee Rate will be based upon the Rating Level in effect for two of the rating agencies.


More Definitions of Rating Level 2

Rating Level 2 means (a) no Specified Event of Default has occurred and is continuing, (b) the ▇▇▇▇▇'▇ Rating is A2 or the S&P Rating is A and (c) Rating Level 1 is not in effect.
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Rating Level 2 means that Rating ▇▇▇▇▇ ▇ does not apply and the Debt Rating is A2 by Moody's or A by S&P. 5-YEAR CREDIT AGREEMENT
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Rating Level 2 means the rating level at any time Rating Level 1 is not in effect and the Obligations are rated both (i) BB- or higher by Standard & Poor's Ratings Services and (ii) Ba3 or higher by ▇▇▇▇▇'▇ Investor Service, Inc. "Rating Level 3" shall mean the rating level at any time when neither Rating ▇▇▇▇▇ ▇ nor Rating Level 2 is in effect.
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Rating Level 2 means (a) no Default has occurred -------------- and is continuing, (b) the ▇▇▇▇▇'▇ Rating is at Baa3 or higher (or a Substitute Rating is at the corresponding rating level or higher) or the S&P Rating is at BBB- or higher (or a Substitute Rating is at the corresponding rating level or higher) and (c) Rating Level 1 is not in effect; provided that (A) neither Rating Level 1 nor Rating Level 2 shall -------- exist at any time before (i) the consummation of the Acquisition or (ii) the date on which both Moody's and S&P shall have first either reaffirmed or announced revised ratings for the Company Senior Long-Term Debt, and (B) for purposes of both Rating ▇▇▇▇▇ ▇ and Rating ▇▇▇▇▇ ▇, in the event that the rating levels are split, the higher of the two rating levels shall apply.
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Rating Level 2. Rating Level 3", "Rating ▇▇▇▇▇ ▇" and "Rating Level 5" have the meanings specified in clause (b) of the definition of "Applicable Margin" in this Section 1.01.
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Rating Level 2 means any time when Rating Level 1 is not in effect.
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Rating Level 2 means (a) so long as no Debt Rating from S&P or Mood▇'▇ ▇▇ obtained by the Company, then a Debt Rating of BBB+ from Fitch, (b) in the event that a Debt Rating is obtained from either S&P or Moody's, then either, a Debt Rating of BBB or higher from S&P or Baa2 or higher from Moody's and (c) in the event that a Debt Rating is obtained from S&P and Moody's, then either (i) a Debt Rating of Baa3 from Moody's and BBB (or higher) from S&P or (ii) a Debt Rating of BBB- from S&P and Baa2 (or higher) from Mood▇'▇.
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