Applicable S&P Rating the senior long-term unsecured debt rating that S&P provides of (i) the Guarantor or (ii) if S&P does not provide such a rating of the Guarantor, then the Master Trust or (iii) if S&P does not provide such a rating of the Guarantor or the Master Trust, then the Borrower.
Applicable S&P Rating means the senior long-term unsecured debt rating that S&P provides of (i) the Performance Undertaking Provider or (ii) if S&P does not provide such a rating of the Performance Undertaking Provider, then the Bunge Master Trust or (iii) if S&P does not provide such a rating of the Performance Undertaking Provider or the Bunge Master Trust, then Bunge Limited Finance Corp.
Applicable S&P Rating means the Rating that S&P provides of (i) the Parent or (ii) if S&P does not provide a Rating of the Parent, then the Bunge Master Trust or (iii) if S&P does not provide a Rating of the Parent or the Bunge Master Trust then BLFC provided that BLFC is at that time an Investor Certificateholder.
Examples of Applicable S&P Rating in a sentence
If the Applicable S&P Rating is below “BBB-” (or withdrawn or suspended) and the Applicable Moody’s Rating is below “Baa3” (or withdrawn or suspended), then the Administrative Agent (at the direction of any Purchaser) may appoint a back-up servicer reasonably acceptable to the Administrative Agent hereunder and under the other Transaction Documents at the reasonable expense of the Master Servicer.
If the Applicable S&P Rating is below “BBB-” (or withdrawn or suspended) and the Applicable Xxxxx’x Rating is below “Baa3” (or withdrawn or suspended), then the Administrative Agent (at the direction of any Purchaser) may appoint a back-up servicer reasonably acceptable to the Administrative Agent hereunder and under the other Transaction Documents at the reasonable expense of the Master Servicer.
TERMS RELATING TO THE CLASS UNDER WHICH THE TRANCHE IS ISSUED Class Number: [•] Initial Threshold: [•] Tranche Limit: [•] Fitch Rating: [Applicable]/[Not Applicable] Moody’s Rating: [Applicable]/[Not Applicable] S&P Rating: [Applicable]/[Not Applicable] Class Ratings: Expected to be rated [•] [by S&P]/[by Moody’s]/[by Fitch] 1.
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As soon as possible and in any event within five (5) Business Days after a Responsible Officer of the Performance Undertaking Provider obtains knowledge thereof, to each Agent notice of any downgrade in the Applicable S&P Rating or Applicable Xxxxx’x Rating, respectively (or the withdrawal by either S&P or Xxxxx’x of the Applicable S&P Rating or Applicable Xxxxx’x Rating, respectively), setting forth the debt affected and the nature of such change (or withdrawal).
More Definitions of Applicable S&P Rating
Applicable S&P Rating means the senior long-term unsecured debt rating that S&P provides of (i) the Guarantor or (ii) if S&P does not provide such a rating of the Guarantor, then the Trust or (iii) if S&P does not provide such a rating of the Guarantor or the Trust, then BLFC.
Applicable S&P Rating means the highest long-term senior, unsecured, non-credit enhanced, monitored credit rating of PLC that is published by S&P.
Applicable S&P Rating means the senior long-term unsecured debt rating that S&P provides of (i) the Performance Undertaking Provider or (ii) if S&P does not provide such a rating of the Performance Undertaking Provider, then Bunge Limited Finance Corp.
Applicable S&P Rating means, at any time, (i) the rating issued by S&P and then in effect with respect to the Company’s senior secured long-term debt securities without third-party credit enhancement or (ii) if the foregoing rating is no longer in effect, the corporate credit rating issued by S&P and then in effect with respect to the Company. In addition to the provisions set forth above, if a split occurs between the Applicable Xxxxx’x Rating and the Applicable S&P Rating that is greater than one ratings category, then the pricing shall be that set forth above with respect to the combination of (i) the higher of such ratings and (ii) the rating of the other ratings service that is one ratings category below the ratings category corresponding to such higher rating. The Applicable Eurocurrency Margin, the Applicable Floating Rate Margin, the Applicable Commitment Fee Percentage and the Applicable L/C Fee Percentage shall each be determined in accordance with the foregoing table based on the Company’s Status as determined from its then-current Applicable Xxxxx’x Rating and Applicable S&P Rating. The credit rating in effect on any date for the purposes of this Schedule is that in effect at the close of business on such date. If at any time the Company has no Applicable Xxxxx’x Rating or no Applicable S&P Rating, Level V Status shall exist. Part II PRICING SCHEDULE APPLICABLE TO EXTENDING LENDERS Rating (Level I) ≥ Ba2 and BB (Level II) ≥ Ba3 and BB- (Level III) ≥B1 and B+ (Level IV) ≥B2 and B (Level V) ≤B3 and B- Applicable Commitment Fee Percentage 0.50% 0.50% 0.75% 0.75% 1.00% Applicable Floating Rate Margin 2.75% 3.25% 3.75% 4.00% 4.50% Applicable Eurocurrency Margin and Applicable L/C Fee Percentage 3.75% 4.25% 4.75% 5.00% 5.50% For the purposes of this Schedule, the following terms have the following meanings, subject to the final two paragraphs of this Schedule:
Applicable S&P Rating means, at any time, the corporate credit rating issued by S&P and then in effect with respect to the Company. In addition to the provisions set forth above, if a split occurs between the Applicable Xxxxx’x Rating and the Applicable S&P Rating that is greater than one ratings category, then the pricing shall be that set forth above with respect to the combination of (i) the higher of such ratings and (ii) the rating of the other ratings service that is one ratings category above the ratings category reported by such other ratings service. The Applicable Eurocurrency Margin, the Applicable Floating Rate Margin, the Applicable Commitment Fee Percentage and the Applicable L/C Fee Percentage shall each be determined in accordance with the such foregoing table based on the Company’s Status as determined from its then-current Applicable Xxxxx’x Rating and Applicable S&P Rating. The credit rating in effect on any date for the purposes of this Schedule is that in effect at the close of business on such date. If at any time the Company has no Applicable Xxxxx’x Rating or no Applicable S&P Rating, Level V Status shall exist. EXHIBIT A-1 TO CREDIT AGREEMENT 2014 Revolving Loan Commitments Lender 2014 Revolving Loan Commitment THE BANK OF NOVA SCOTIA $14,285,714.28 Total $14,285,714.28 XXXXXXX X-0 TO CREDIT AGREEMENT 2017 Revolving Loan Commitments Lender 2017 Revolving Loan Commitment JPMORGAN CHASE BANK, N.A. $56,407,766.99 CITICORP NORTH AMERICA, INC. $56,407,766.99 BANK OF AMERICA, N.A. $48,349,514.56 THE ROYAL BANK OF SCOTLAND PLC $48,349,514.56 UBS LOAN FINANCE LLC $48,349,514.56 BNP PARIBAS $28,203,883.50 DEUTSCHE BANK AG NEW YORK BRANCH $28,203,883.50 PNC BANK, NATIONAL ASSOCIATION $28,203,883.50 FIFTH THIRD BANK $24,174,757.28 THE HUNTINGTON NATIONAL BANK $20,145,631.07 COMERICA BANK $16,116,504.85 CAPITAL ONE LEVERAGE FINANCE CORP. $12,087,378.64 Total $415,000,000.00 XXXXXXX X-0 TO CREDIT AGREEMENT 2017 Term Loan Commitments Lender 2017 Term Loan Commitment JPMORGAN CHASE BANK, N.A. $13,592,233.01 CITICORP NORTH AMERICA, INC. $13,592,233.01 BANK OF AMERICA, N.A. $11,650,485.44 THE ROYAL BANK OF SCOTLAND PLC $11,650,485.44 UBS LOAN FINANCE LLC $11,650,485.44 BNP PARIBAS $6,796,116.50 PNC BANK, NATIONAL ASSOCIATION $6,796,116.50 DEUTSCHE BANK AG NEW YORK BRANCH $6,796,116.50 FIFTH THIRD BANK $5,825,242.72 THE HUNTINGTON NATIONAL BANK $4,854,368.93 COMERICA BANK $3,883,495.15 CAPITAL ONE LEVERAGE FINANCE CORP. $2,912,621.36 Total $100,000,000.00 EXHIBIT B TO CR...
Applicable S&P Rating means, at any time, (i) the rating issued by S&P and then in effect with respect to Parent's senior secured long-term debt securities without third-party credit enhancement or (ii) if the foregoing rating is no longer in effect, the corporate credit rating issued by S&P and then in effect with respect to Parent.
Applicable S&P Rating means, at any time, (i) the rating issued by S&P and then in effect with respect to the Company’s senior secured long-term debt securities without third-party credit enhancement or (ii) if the foregoing rating is no longer in effect, the corporate credit rating issued by S&P and then in effect with respect to the Company. In addition to the provisions set forth above, if a split occurs between the Applicable Xxxxx’x Rating and the Applicable S&P Rating that is greater than one ratings category, then the pricing shall be that set forth above with respect to the combination of (i) the higher of such ratings and (ii) the rating of the other ratings service that is one ratings category above the ratings category reported by such other ratings service. The Applicable Eurocurrency Margin, the Applicable Floating Rate Margin, the Applicable Commitment Fee Percentage and the Applicable L/C Fee Percentage (a) shall be determined in accordance with the foregoing table presuming that the Company’s Status is Level IV until the delivery of financial statements under Section 7.1(B) of the Credit Agreement for the fiscal quarter ending on or about June 30, 2010 without regard to the Company’s actual Status, unless the Company’s Status is Level V, in which case Level V shall be deemed to be applicable during such period, and (b) thereafter shall be determined in accordance with the foregoing table based on the Company’s Status as determined from its then-current Applicable Xxxxx’x Rating and Applicable S&P Rating. The credit rating in effect on any date for the purposes of this Schedule is that in effect at the close of business on such date. If at any time the Company has no Applicable Xxxxx’x Rating or no Applicable S&P Rating, Level V Status shall exist.