Applicable Ratings definition

Applicable Ratings means, with respect to S&P or Moody’s, the Senior Unsecured Rating established by such rating agency.

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Applicable Ratings means, with respect to ▇▇▇▇▇’▇, S&P or Fitch, a rating by such rating agency of the Company’s senior unsecured non-credit enhanced long-term indebtedness for borrowed money.

Applicable Ratings means at any time the credit ratings at such time by the Rating Agencies of the Index Debt.

Examples of Applicable Ratings in a sentence

• Use commercially reasonable efforts to cause at all times Applicable Ratings to be in effect.

• Notwithstanding the foregoing and the Applicable Ratings Category on the Closing Date, prior to the delivery of the financial statements for the fiscal year of the Company ending January 2, 2015, the Applicable ABR Margin, Applicable Eurocurrency Rate Margin and Applicable Commitment Fee Percentage shall be determined by reference to Category 3.

• Employee Name Employee Number Location Position Annual Probation Transfer Sixty (60) working days Evaluation Date Academic Year Evaluator Contributing Evaluators Rating Key: 1 - Unsatisfactory 2 - Needs Improvement 3 - Meets Expectations 4 - Exemplary NA - Not Applicable Ratings of 1, 2, and 4 must include specific examples in the spaces provided for comments.

• With respect to El Paso, use commercially reasonable efforts to cause at all times Applicable Ratings to be in effect.

• Practice Distinguished - Exceeds Standards: Consistently exceeds the professional standards of competence N/A Not Observed/Not Applicable *Ratings of 1and/or 4 require comments to support.

More Definitions of Applicable Ratings

Applicable Ratings means, with respect to any entity and the applicable Rating Agency, at the time of such measurement, the higher of (x) the ratings assigned with respect to long-term or short-term, as applicable, senior unsecured debt of such entity or

Applicable Ratings means, with respect to Moody’s, S&P or Fitch, a rating by such rating agency of the Company’s senior unsecured non-credit enhanced long-term indebtedness for borrowed money.

Applicable Ratings means, with respect to the Series 2018-FT1 Term Notes, “BBB-(sf)”.

Applicable Ratings means, with respect to any Rating Agency at any time, (a) the Facility Rating assigned by such Rating Agency, (b) if such Rating Agency shall not have in effect a Facility Rating, the Index Rating assigned by such Rating Agency or (c) if such Rating Agency shall not have in effect either a Facility Rating or an Index Rating, the Corporate Rating assigned by such Rating Agency.

Applicable Ratings means, with respect to any entity and the Rating Agency, at the time of such measurement, the higher of (i) the ratings assigned by such Rating Agency with respect to long

Applicable Ratings means, with respect to any entity and the Rating Agency, at the time of such measurement, the higher of

Applicable Ratings means, with respect to ▇▇▇▇▇’▇, S&P or Fitch, a rating by such rating agency of the Company’s senior unsecured non-credit enhanced long-term indebtedness for borrowed money. “Approved Fund” means any Person (other than a natural person) that is engaged in making, purchasing, holding or investing in commercial loans and similar extensions of credit in the ordinary course of its activities and that is administered or managed by (a) a Lender, (b) an Affiliate of a Lender or (c) an entity or an Affiliate of an entity that administers or manages a Lender. “Approved Netherlands Borrower” means a wholly owned Subsidiary of the Company organized under the laws of the Netherlands and approved in writing by the Administrative Agent (such approval not to be unreasonably withheld, delayed or conditioned), in respect of which all of the requirements set forth in Section 2.22 shall have been satisfied. “Arrangers” means ▇▇▇▇▇▇▇ ▇▇▇▇▇ Bank USA, HSBC Bank USA, N.A., JPMorgan Chase Bank, N.A., ▇▇▇▇▇▇▇ Lynch, Pierce, ▇▇▇▇▇▇ & ▇▇▇▇▇ Incorporated (or any other registered broker-dealer wholly owned by Bank of America Corporation to which all or substantially all of Bank of America Corporation’s or any of its subsidiaries’ investment banking, commercial lending services or related businesses may be transferred following the date of this Agreement), PNC Capital Markets LLC and TD Securities (USA) LLC, in their capacities as the joint lead arrangers and joint bookrunners for the Revolving Facility, the Refinancing Term Facility, the Delayed Draw Term Facility and, in the case of ▇▇▇▇▇▇▇ ▇▇▇▇▇, the Bridge Facility. “Assignment and Assumption” means an assignment and assumption entered into by a ▇▇▇▇▇▇ and an Eligible Assignee, with the consent of any Person whose [[3851767]]