Xxxxx’x Rating definition

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.

Xxxxx’x Rating means, at any time, the rating issued by Moody’s and then in effect with respect to the Borrower’s senior unsecured long-term public debt securities without third-party credit enhancement (it being understood that if the Borrower does not have any outstanding debt securities of the type described above but has an indicative rating from Moody’s for debt securities of such type, then such indicative rating shall be used for determining the “Xxxxx’x Rating”).

Xxxxx’x Rating is defined in the Pricing Schedule.

Examples of Xxxxx’x Rating in a sentence

• The Status in effect on any date for purposes of this Pricing Schedule is based on the applicable Fitch Rating, Xxxxx’x Rating and S&P Rating in effect at the close of business on such date.

• India’s GDP to Contract by 7% in FY21—Xxxxx’x Rating Agency  Xxxxx’x Rating Agency has projected that India’s economy to contract by 7% for FY 2020-21.

• Each Party shall, throughout the Term, obtain and maintain at its own cost and expense from a qualified insurance company with a Xxxxx’x Rating of B+ or better, standard Product Liability Insurance naming the other party and each of its officers, directors, employees, agents, and shareholders as additional insureds.

• Notwithstanding anything to the contrary contained in this Indenture, the Issuer (or the Portfolio Manager on behalf of the Issuer) shall not enter into any Hedge Agreement after the Closing Date unless the Xxxxx’x Rating Condition has been satisfied with respect thereto.

• The Status in effect for any Borrower on any date for the purposes of this Pricing Schedule is based on the Xxxxx’x Rating and S&P Rating in effect at the close of business on such date.

More Definitions of Xxxxx’x Rating

Xxxxx’x Rating means, at any time, the rating published by Moody’s of the Borrower’s Index Debt.

Xxxxx’x Rating means, on any date of determination, the debt rating most recently announced by Moody’s with respect to the long-term senior unsecured debt issued by the Borrower.

Xxxxx’x Rating means, on any date of determination, the rating most recently announced by Moody’s with respect to any senior unsecured, non-credit enhanced Debt of the Borrower or, if such rating is not available, the corporate credit rating of the Borrower most recently announced by Moody’s.

Xxxxx’x Rating means, with respect to a Reference Obligation, as of any date of determination:

Xxxxx’x Rating. With respect to any Collateral Obligation, the rating determined pursuant to Schedule 3 hereto.

Xxxxx’x Rating means, on any date of determination, the rating accorded the Borrower’s senior unsecured long-term debt by Moody’s (or if the Obligations are secured, the rating accorded to the Borrower’s senior secured long-term debt by Moody’s), or if such rating is unavailable, the Borrower’s long-term issuer credit rating accorded to it by Moody’s.

Xxxxx’x Rating means the most recently-announced rating from time to time of Moody’s assigned to any class of long-term senior, unsecured debt securities issued by Prologis, as to which no letter of credit, guaranty or third party credit support is in place, regardless of whether any of such Indebtedness has been issued at the time such rating was issued.