Rating and S&P Rating Sample Clauses

Rating and S&P Rating. If the applicable Borrower xx xxxxt-rated and the ratings differential is one level, the higher rating will apply. If the applicable Borrower is split-rated and the ratings differential is two levels or more, the intermediate rating at the midpoint will apply (or, if there is no midpoint, the higher of the two intermediate ratings will apply). If at any time the applicable Borrower has no Moody's Rating or no S&P Rating, Level VI Status shall exixx. SCHEDULE 2 COMMITMENTS AND PRO RATA SHARES Lender Amount of Commitment Pro Rata Share Bank One, NA $145,000,000 9.67% Wachovia Bank, National Association $140,000,000 9.33% The Bank of Nova Scotia $140,000,000 9.33% Credit Suisse First Boston, Cayman Islands Branch $140,000,000 9.33% Bank of America, N.A. $125,000,000 8.33% Fleet National Bank $125,000,000 8.33% Bayerische Landesbank Girozentrale $ 85,000,000 5.67% Mellon Bank, N.A. $ 75,000,000 5.00% The Bank of New York $ 75,000,000 5.00% SunTrust Bank $ 75,000,000 5.00% Allfirst Bank $ 70,000,000 4.67% Merrill Lynch Bank USA $ 50,000,000 3.33% Citibank, N.A. $ 00,000,000 3.33% The Northern Trust Company $ 50,000,000 3.33% Mizuho Corporate Bank, Ltd. $ 50,000,000 3.33% Wilmington Trust Company $ 25,000,000 1.67% Riggs Bank N.A. $ 25,000,000 1.67% Union Bank of Californxx, X.A. $ 25,000,000 1.67% Bank Hapoalim B.M. $ 20,000,000 1.33% E.Sun Commercial Bank, Ltd., Los Angeles Branch $ 10,000,000 0.67% SCHEDULE 3 TRUST PREFERRED SECURITIES $125,000,000 of 7-3/8% Trust Originated Preferred Securities (TOPRs) issued by Potomac Electric Power Company Trust I, a statutory Delaware business trust established by Potomac Electric Power Company. $70,000,000 of 8-1/4% Cumulative Quarterly Income Preferred Securities issued by Atlantic Capital I, a special purpose statutory Delaware business trust established by Atlantic City Electric Company. $25,000,000 of 7-3/8% Cumulative Quarterly Income Preferred Securities issued by Atlantic Capital II, a special purpose statutory Delaware business trust established by Atlantic City Electric Company. $70,000,000 of 8-1/8% Cumulative Trust Preferred Capital Securities issued by Delmarva Power Financing I, a special purpose statutory Delaware business trust established by Delmarva Power & Light Company. SCHEDULE 4 SIGNIFICANT SUBSIDIARIES Name of Company Controlled Owned By Percent Ownership Amount of Investment (as of 3/31/02) Potomac Electric Power Company (a D.C. and Virginia corporation) Pepco Holdings, Inc 100% $1,332.8 Million C...
Sample 1Sample 2See All (5)
AutoNDA by SimpleDocs

Related to Rating and S&P Rating

  • 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.

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

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

  • 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.

  • 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.

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

  • Rating Agency Downgrade In the event that BSFP's long-term unsecured and unsubordinated debt rating is withdrawn or reduced below "A+" by S&P or its long-term unsecured and unsubordinated debt rating is withdrawn or reduced below "A1" by Moody's (and together with S&P, the "Swap Rating Agencies", and such rating thresholds, "Approved Rating Thresholds"), then within 30 days after such rating withdrawal or downgrade BSFP shall, at its own expense, either (i) cause another entity to replace BSFP as party to this Agreement that meets or exceeds the Approved Rating Thresholds and that is approved by the Administrator (which approval shall not be unreasonably withheld) on terms substantially similar to this Agreement, (ii) obtain a guaranty of, or a contingent agreement of another person with the Approved Rating Thresholds, to honor, BSFP's obligations under this Agreement; provided that such other person is approved by the Administrator , such approval not to be unreasonably withheld, or (iii) deliver collateral acceptable in a form and amount acceptable to Standard and Poor’s Ratings Services, Inc. ("S&P") and Xxxxx'x Investors Service, Inc. ("Moody's"), and subject to written confirmation from S&P and Moody's that delivery of such collateral in the context of such downgrade will not result in a withdrawal, qualification or downgrade of the then current ratings assigned to the Notes. NEITHER THE BEAR XXXXXXX COMPANIES INC. NOR ANY SUBSIDIARY OR AFFILIATE OF THE BEAR XXXXXXX COMPANIES INC. OTHER THAN BSFP IS AN OBLIGOR OR A CREDIT SUPPORT PROVIDER ON THIS AGREEMENT.

  • No Ratings There are no securities or preferred stock of or guaranteed by the Company or any of its subsidiaries that are rated by a “nationally recognized statistical rating organization,” as such term is defined under Section 3(a)(62) under the 1934 Act.

  • Rating Agency Each of Xxxxx’x, Fitch and S&P or their successors. If such agencies or their successors are no longer in existence, “Rating Agencies” shall be such nationally recognized statistical rating agencies, or other comparable person, agreed upon and designated by the Seller, notice of which designation shall be given to the Trustee, the NIMS Insurer, the Master Servicer and the Servicer.

Time is Money Join Law Insider Premium to draft better contracts faster.