Corporate Credit Rating definition

Corporate Credit Rating means, as of any date, the rating that has been most recently announced by either S&P or ▇▇▇▇▇'▇, as the case may be, as the “corporate rating” or “corporate family rating” of Rayonier. For purposes of the foregoing, (i) if neither S&P nor ▇▇▇▇▇'▇ shall have in effect a Corporate Credit Rating, the Applicable Margin and the Facility Fee will be set in accordance with Level 6 under the definitions of such terms; (ii) if any rating established by S&P or ▇▇▇▇▇'▇ shall be changed, such change shall be effective as of the date on which such change is first announced publicly by the rating agency making such change; and (iii) if S&P or ▇▇▇▇▇'▇ shall change the basis on which ratings are established, each reference to the Corporate Credit Rating announced by S&P or ▇▇▇▇▇'▇, as the case may be, shall refer to the then equivalent rating by S&P or ▇▇▇▇▇'▇, as the case may be.

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Corporate Credit Rating means a rating of the Issuer of at least Investment Grade.

Corporate Credit Rating means, as of any date, the rating that has been most recently announced by either S&P or ▇▇▇▇▇’▇, as the case may be, as the “corporate rating” or “corporate family rating” of Rayonier.

Examples of Corporate Credit Rating in a sentence

• If Buyer’s Corporate Credit Rating drops to *** or below, or liquidity (defined as cash on hand, plus unused credit facilities, including then existing factoring) level drops below $***, then Daramic has the right to request credit enhancement reasonably acceptable to Daramic.

• If KCP&L or GMO’s respective S&P Corporate Credit Rating declines below BBB- as a result of the Transaction, the Impacted Utility shall file with the Commission a comprehensive risk management plan that assures the Impacted Utility’s access to and cost of capital will not be further impaired.

• In the event KCP&L or GMO’s affiliation with GPE or any of its affiliates is the reason for KCP&L or GMO’s respective S&P Corporate Credit Rating to be downgraded to below BBB-, KCP&L and/or GMO shall pursue additional legal and structural separation, if necessary, from the affiliate(s) causing the downgrade, and the Impacted Utility shall not pay a common dividend without Commission approval or until the Impacted Utility’s S&P Corporate Credit Rating has been restored to BBB- or above.

• File with the Commission, every 45 days thereafter until the Impacted Utility has regained its S&P Corporate Credit Rating of BBB- or above, an updated status report with respect to the items required in ¶A.3.b. above.

• Maintain at all times a Corporate Credit Rating by ▇▇▇▇▇’▇ and S&P.

More Definitions of Corporate Credit Rating

Corporate Credit Rating means a rating of the Company or of the Person which acquires control of the Company as a result of a Change in Control if such Person has become an obligor under or guarantor of the Notes pursuant to documentation reasonably satisfactory to the Required Holders, of at least Investment Grade.

Corporate Credit Rating means, as of any date, the rating that has been most recently announced by either S&P or Moody’s, as the case may be, as the “corporate rating” or “corporate family rating” of Rayonier.

Corporate Credit Rating means the corporate credit rating assigned from time to time to the Issuer by S&P, representing the highest rating that S&P may assign to any unsecured obligation of any member of the Issuer Group, and being on the Issue Date, BBB.

Corporate Credit Rating has the meaning set forth in the definition of "Applicable Rate."

Corporate Credit Rating means, as of any date of determination, the rating as determined by either S&P or Moody’s of the Borrower’s non-credit-enhanced, senior unsecured long term debt.

Corporate Credit Rating means, as of any date of determination, the rating as determined by either S&P or ▇▇▇▇▇’▇ of the Borrower’s non-credit-enhanced, senior unsecured long term debt.

Corporate Credit Rating means, as of any date, the rating that has been most recently announced by either S&P or Moody's, as the case may be, as the “corporate rating” or “corporate family rating” of Rayonier. For purposes of the foregoing, (i) if neither S&P nor Moody's shall have in effect a Corporate Credit Rating, the Applicable Margin and the Facility Fee will be set in accordance with Level 6 under the definitions of such terms; (ii) if any rating established by S&P or Moody's shall be changed, such change shall be effective as of the date on which such change is first announced publicly by the rating agency making such change; and (iii) if S&P or Moody's shall change the basis on which ratings are established, each reference to the Corporate Credit Rating announced by S&P or Moody's, as the case may be, shall refer to the then equivalent rating by S&P or Moody's, as the case may be.