Higher Rating Sample Clauses

Higher Rating. When an employee is requested to relieve in a position of higher rating, he shall receive for the full period of relief, an increase equal to one (1) increment above the rate he is presently receiving or the starting rate of such higher position, whichever is greater, and in no instance may an employee receive a rate which is greater than the maximum rate for each classification. If a paid holiday occurs during the relief, it shall be considered to be one (1) shift. The employee, when relieving outside the bargaining unit, shall be deemed to be covered by this Collective Agreement during the period of temporary transfer.
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Higher Rating. When an employee is detailed to relieve in a position of higher rating for one (1) full shift he/she shall receive the starting rate applicable to the position for the entire period of relief.
Sample 1
Higher Rating. For example, an "A-" S&P Rating and a "Baa1" 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 "Baa3" Moodx'x Xxxing would result in a Commitment Fee percentage equal to 0.15%. In the event the S&P Rating and the Moodx'x Xxxing differ by more than two levels, the Commitment Fee shall be that corresponding to the level immediately above the lower of such 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%. In the event: (i) the S&P Rating and the Moodx'x Xxxing correspond to different levels and (ii) both such Ratings are below level 5 (i.e. level 6 or level 7), then the Commitment Fee shall be that corresponding to the lower Commitment Fee. For example a "BB" S&P Rating and a "Ba3" Moodx'x Xxxing would result in a Commitment Fee percentage equal to 0.375%. 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 Commitment Fee for the first 90 days after such occurrence shall be the Commitment Fee 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 Commitment Fee shall be that corresponding to level 5 of the above table for the remainder of the term of this Agreement. Any necessary adjustment in the Commitment Fee pursuant to the terms hereof shall become effective immediately upon any change in a Rating.
Sample 1

Related to Higher Rating

  • Debt Rating The Liquidity Provider has a short-term debt ratings of “P-1” from Xxxxx’x and “F1+” from Fitch.

  • Credit Rating With respect to the Competitive Supplier or Competitive Supplier’s Guarantor, its senior unsecured, unsubordinated long-term debt rating, not supported by third party credit enhancement, and if such debt is no longer rated, then the corporate or long-term issuer rating of Competitive Supplier or Competitive Supplier’s Guarantor.

  • No Rating Neither the Company nor any of its subsidiaries has debt securities or preferred stock that is rated by any “nationally recognized statistical rating organization” (as such term is defined in Section 3(a)(62) of the Exchange Act).

  • Moody’s Xxxxx’x Investors Service, Inc. and its successors.

  • Rating The Notes can be issued without the requirement that they have any rating from a nationally recognized statistical rating organization.

  • Ratings No “nationally recognized statistical rating organization” as such term is defined for purposes of Rule 436(g)(2) (i) has imposed (or has informed the Company that it is considering imposing) any condition (financial or otherwise) on the Company’s retaining any rating assigned to the Company or any securities of the Company or (ii) has indicated to the Company that it is considering any of the actions described in Section 7(c)(ii) hereof.

  • Debt Ratings Prompt notice of any change in its Debt Ratings.

  • Credit Ratings Use commercially reasonable efforts to maintain at all times (a) a credit rating by each of S&P and Xxxxx’x in respect of the Term Facility and (b) a public corporate rating by S&P and a public corporate family rating by Xxxxx’x for the Borrower, in each case with no requirement to maintain any specific minimum rating.

  • Annual Rating Review (a) So long as any of the Secured Notes of any Class remains Outstanding, on or before March 26th in each year commencing in 2021, the Issuer shall obtain and pay for an annual review of the rating of each such Class of Secured Notes from the Rating Agency, as applicable. The Issuer shall promptly notify the Trustee and the Collateral Manager in writing (and the Trustee shall promptly provide the Holders with a copy of such notice) if at any time the Issuer is notified or has actual knowledge that the then-current rating of any such Class of Secured Notes has been, or is known will be, changed or withdrawn.

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