Applicable Ratings definition

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

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

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 S&P or Moody’s, the Senior Unsecured Rating established by such rating agency.

Examples of Applicable Ratings in a sentence

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

• 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.

• 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.

• 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.

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

More Definitions of Applicable Ratings

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 ▇▇▇▇▇’▇, 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 2021-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 Moody’s, S&P or Fitch, (a) a rating by such rating agency of the Company’s senior unsecured non-credit enhanced long-term indebtedness for borrowed money or (b) if and only if such rating agency does not have in effect a rating as described in clause (a), a corporate rating (however denominated) by such rating agency of the Company.

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

Applicable Ratings means at any time the credit ratings at such time by the Rating Agencies of the lower of the two most highly rated series of First Mortgage Bonds (other than any Collateral Series of First Mortgage Bonds; provided, however, that if there should be fewer than two series of such First Mortgage Bonds outstanding, the “Applicable Ratings” shall mean the credit ratings at such time by the Rating Agencies of the credit facilities provided under this Agreement.