Ba3 definition

Ba3 by ▇▇▇▇▇'▇.

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Ba3 by the Rating Agencies.

Ba3 from ▇▇▇▇▇'▇, (A) the Transferor Parties shall only be responsible for the costs and expenses of two (2) Reviews in any one calendar year, and (B) the Agents will not request more than four (4) Reviews in any one calendar year.

Examples of Ba3 in a sentence

• As of the last day of each fiscal quarter of the Borrower (other than during a Borrowing Base Trigger Period when a Borrowing Base has been established) when the Borrower’s Credit Rating is equal to or less than Ba3 by ▇▇▇▇▇’▇ or BB- by S&P, the Borrower will not permit the Asset Coverage Ratio to be less than 1.50 to 1.00.

• If a security is not rated by Fitch Ratings but is rated by only one other Rating Agency, then the rating on the security from the other Rating Agency will be used to determine the Fitch Discount Factor (e.g., where the only rating on a security is an S&P rating of AAA, a rating by Fitch Ratings of AAA will be used, and where the only rating on a security is a ▇▇▇▇▇'▇ rating of Ba3, a rating by Fitch Ratings of BB- will be used).

• If a security is not rated by Fitch Ratings but is rated by only one other Rating Agency, then the rating on the security from the other Rating Agency will be used to determine the Fitch Discount Factor (e.g., where the only rating on a security is an S&P rating of AAA-, a rating by Fitch Ratings of AAA- will be used, and where the only rating on a security is a ▇▇▇▇▇'▇ rating of Ba3, a rating by Fitch Ratings of BB- will be used).

• The Borrower shall have (x)(i) obtained ratings for the Credit Facilities no worse than Ba3 from ▇▇▇▇▇’▇, no worse than BB- from S&P and no worse than BB- from Fitch Ratings, Inc.

• If a security is not rated by Fitch Ratings but is rated by only one other Rating Agency, then the rating on the security from the other Rating Agency will be used to determine the Fitch Discount Factor (e.g., where the only rating on a security is an S&P rating of AAA-, a rating by Fitch Rating of AAA- will be used, and where the only rating on a security is a ▇▇▇▇▇'▇ rating of Ba3, a rating by Fitch Ratings of BB- will be used).

More Definitions of Ba3

Ba3 if rated by Mood▇'▇ ▇▇ (iii) a rating equivalent to "BB/Ba2" as determined by each Managing Agent in its sole judgment in accordance with its customary practices.

Ba3 by Moody's.

Ba3 the Servicer shall be obligated to prepare and forward to the Administrative Agent and each Group Agent a Weekly Report on every Thursday of each calendar week (or the next Business Day if such day is not a Business Day), certified by the Servicer (or the Seller on its behalf). The reporting period covered by a Weekly Report shall be the period ending on (and including) the Friday preceding the applicable reporting date and beginning on (and including) the Saturday preceding such Friday.

Ba3 or higher (Moody’s) and “BB-” or higher (S&P), the Required Reserve Percentage Amount;

Ba3 or higher (Moody’s) and “BB-” or higher (S&P), 7.5%;

Ba3 or a ▇▇▇▇▇'▇ Rating of "Ba3" and are on watch for possible downgrade but have a ▇▇▇▇▇'▇ Rating of at least "B3" (and if "B3" are not on watch for possible downgrade) shall be deemed to have an Aggregate Principal Balance of [**] of their Aggregate Principal Balances (determined without regard to this clause (j) or clause (i) above or clause (k) below);

Ba3 respectively, (b) deleting the words "Default Ratio" from clause (k) thereof and inserting the words "Invoice Aging Ratio" in lieu thereof, and (c) inserting the following words to the end of clause (k) thereof "or the average Disputed Receivable Ratio for the three preceding Settlement Periods exceeds 5.90%".