Credit Level definition

Credit Level means the credit levels set forth in the Table SLA Credits in Section 2 of Appendix 10 that outlines the total credits, penalties and/or liabilities that may be assessed to Registry Operator and sole remedies available to ICANN-Accredited Registrars for Registry Operators failure to meet Performance Specifications outlined in this Appendix 7.

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Credit Level means the credit levels set forth in the Table SLA Credits in Section 2 of Appendix 10 that outlines the total credits, penalties and/or liabilities that may be assessed to Registry Operator and sole remedies available to ICANN- Accredited Registrars for Registry Operators failure to meet Performance Specifications outlined in this Appendix 7.

Credit Level means the sum of money you may agree with us you expect to spend on Charges during the period covered by your bills.

Examples of Credit Level in a sentence

• The Extended Planned Outage Notification metric is a Credit Level 5.

• The Extended Planned Outage Timeframe metric is a Credit Level 5.

• The Extended Planned Outage Notification metric is a Credit Level 6.

• The Processing Time for the DNS Name Server metric is a Credit Level 3.

• The DNS Name Server Service Availability metric is a Credit Level 1.

• The Update frequency metric for DNS Name Server is Credit Level 4.

• The Credit Level Table (Refer to Table SLA Credits) indicates the corresponding Credit Level for each Performance Specification to which Credit Levels apply.

• If the Registry Operator fails to meet the Performance Specifications defined in Appendix 7, Section 6 thereof, to which Credit Levels apply, the Registry Operator shall pay credits to ICANN-Accredited Registrar(s) in accordance with the identified Credit Level for such failed Performance Specifications metrics, calculated in accordance with the Credit Level tables set forth in this Section 2 ("SLA Credit").

• Each active ICANN-Accredited Registrar that meets the requirements of Section 3 below would be credited an amount equal to such active ICANN- Accredited Registrar's net new .net domain name registrations during the applicable Monthly Timeframe divided by the net amount of new .net domain name registrations for all active ICANN-Accredited Registrars within the applicable Monthly Timeframe times the SLA Credit Amount set forth in Table Credit Level 4.

• Each active ICANN-Accredited Registrar that meets the requirements of Section 3 below would be credited an amount equal to such active ICANN- Accredited Registrars net new .net domain name registrations during the applicable Monthly Timeframe divided by the net amount of new .net domain name registrations for all active ICANN-Accredited Registrars within the applicable Monthly Timeframe times the Monthly Credit Amount set forth in Table Credit Level 1.

More Definitions of Credit Level

Credit Level means the credit level of the reinsurance company evaluated by a classification agency.

Credit Level means, for the purposes of determining the Margin, the amount of facility fees payable under Section 2.05(a) or the letter of credit fees payable under Section 2.04(e)(ii) as of any date of determination, ▇▇▇▇▇ ▇, ▇▇▇▇▇ ▇, ▇▇▇▇▇ ▇ or Level 4, as applicable, determined (a) by reference to the Borrower's debt ratings (as in effect on such date of determination) if the Borrower's senior unsecured non- credit-enhanced, long-term debt ("Rated Debt") carries an investment grade rating by S&P and ▇▇▇▇▇'▇ or (b) if the Borrower's Rated Debt does not carry an investment grade rating by both S&P and ▇▇▇▇▇'▇, by reference to the Borrower's Leverage Ratio (determined, as of any date of determination, based upon the most recent financial statements delivered by the Borrower pursuant to Section 5.01(a) on or prior to such date of determination), as follows:

Credit Level means either Credit Level I or Credit Level II.

Credit Level means the applicable Credit Level of the Loans from time to time determined as set forth below based upon the applicable ratings assigned to the Loans by each of S&P and Moody's as set forth below: Rating Credit Level (S&P/▇▇▇▇▇'▇) ------------ --------------- I BB/Ba2 or above