Credit Status definition

Credit Status any of Credit Status 1, Credit Status 2, Credit Status 3, Credit Status 4 or Credit Status 5. In determining whether Credit Status 1, Credit Status 2, Credit Status 3, Credit Status 4 or Credit Status 5 shall apply in any circumstance, if the applicable ratings by S&P and Xxxxx’x differ, the higher of the two ratings will be determinative, unless the applicable ratings by S&P and Xxxxx’x are more than one level apart, in which case the Credit Status one level above the lower rating will be determinative. In the event that the Borrower’s senior unsecured long-term debt is rated by only one of S&P and Xxxxx’x, then that single rating shall be determinative.
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Credit Status any of Credit Status 1, Credit Status 2, Credit Status 3, Credit Status 4, Credit Status 5 or Credit Status 6. In determining whether Credit Status 1, Credit Status 2, Credit Status 3, Credit Status 4, Credit Status 5 or Credit Status 6 shall apply in any circumstance, if the applicable ratings by S&P and Moody’s differ, the higher of the two ratings will be determinative, unless the applicable ratings by S&P and Moody’s are more than one level apart, in which case the Credit Status one level below the higher rating will be determinative. In the event that Gannett’s senior unsecured long-term debt is rated by only one of S&P and Moody’s, then that single rating shall be determinative.
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Credit Status any of Credit Status 1, Credit Status 2, Credit Status 3, Credit Status 4 or Credit Status 5. In determining whether Credit Status 1, Credit Status 2, Credit Status 3, Credit Status 4 or Credit Status 5 shall apply in any circumstance, if the applicable ratings by 509265-1918-Active.17170865.29 S&P and Xxxxx’x differ, the higher of the two ratings will be determinative, unless the applicable ratings by S&P and Xxxxx’x are more than one level apart, in which case the Credit Status one level above the lower rating will be determinative. In the event that the Borrower’s senior unsecured long-term debt is rated by only one of S&P and Xxxxx’x, then that single rating shall be determinative.
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Examples of Credit Status in a sentence

  • You may need to filter the proposals in your queue by Proposal Status (for example, filtering for active proposals), Control Number, Proposal Type (such as program or course), or Credit Status (credit or noncredit).

  • If this element is coded as B (Course is a basic skills course), then the previously selected CB04: Credit Status must be C – Not Degree-Applicable.

  • Parent/Guardian Notification of Loss of Credit Status Parents/Guardians can monitor attendance via Parent Connect and are encouraged to do so frequently.

  • Select the Credit Status (CB04) desired from the three options: D – Credit: Degree Applicable, C – Credit: Not Degree Applicable, or N - Noncredit.

  • In addition to documentation required by Section 8.01 of these Rules and Regulations, the Department may require documentation from Business Firms or Individuals that demonstrates that contributions made to programs or projects approved and certified by the Department for Tax Credit Status may qualify as a charitable contribution deduction on the federal income tax return filed by the Business Firms or Individuals.

  • In determining whether Credit Status 1, Credit Status 2, Credit Status 3, Credit Status 4 or Credit Status 5 shall apply in any circumstance, if the applicable ratings by S&P and Moody’s differ, the higher of the two ratings will be determinative, unless the applicable ratings by S&P and Moody’s are more than one level apart, in which case the Credit Status one level above the lower rating will be determinative.

  • Guarantor shall promptly notify WEPCO of any Insufficient Credit Status relating to Guarantor or any circumstance that results in Seller’s failure to be in compliance with the Seller Performance Security requirements of Article VIII of the PPA.

  • Credit Status and Grading Point ScalePlease see the following table to determine number of credits needed to progress to each grade level: Total Credits to GraduateGrading Point Scale:A 4-point scale is used to compute grades.

  • Students will receive two Demerits for each offense plus accumulate Detentions, ISS's, and OSS's as defined by the Demerit System; be in jeopardy of being put on the "Student Not in Good Standing/DNP List" and Loss of Credit Status.

  • Substantial course changes typically include: TOP code, Course Credit Status, Maximum Units, Minimum Units, Course Basic Skills Status, Course XXX priority code, Course Prior to College Level, and Course Noncredit Category.


More Definitions of Credit Status

Credit Status either of Credit Status 1 or Credit Status 2.
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Credit Status has the meaning assigned to such term in the definition of "Applicable Rate"; provided that, for the avoidance of doubt, once the Borrower achieves a Credit Status, such Credit Status shall apply to the Borrower for the term of this Agreement, regardless of any corporate credit ratings received by the Borrower after receipt of the Initial Corporate Credit Ratings.
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Credit Status means the state of a clean heat credit. The following statuses can apply to clean heat credits.
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Credit Status any of Credit Status 1, Credit Status 2, Credit Status 3, Credit Status 4 or Credit Status 5. In determining whether Credit Status 1, Credit Status 2, Credit Status 3, Credit Status 4 or Credit Status 5 shall apply in any circumstance, if the applicable ratings by S&P and Xxxxx’x differ, the higher of the two ratings will be determinative, unless the applicable ratings by S&P and Xxxxx’x are more than one level apart, in which case the Credit Status one level above the lower rating will be determinative. In the event that the Borrower’s senior unsecured long-term debt is rated by only one of S&P and Xxxxx’x, then that single rating shall be determinative. “Credit Status 1”: shall exist upon the occurrence of the higher of a rating by S&P of the Borrower’s senior unsecured long-term debt of at least A- or a rating by Xxxxx’x of the Borrower’s senior unsecured long-term debt of at least A3. “Credit Status 2”: shall exist upon the occurrence of the higher of a rating by S&P of the Borrower’s senior unsecured long-term debt of at least BBB+ but lower than A- or a rating by Xxxxx’x of the Borrower’s senior unsecured long-term debt of at least Baa1 but lower than A3.
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Related to Credit Status

  • Credit Score means a composite numerical score scaled from 0-100 as calculated by PJMSettlement that incorporates various predictors of creditworthiness.

  • REIT Status means, with respect to any Person, (a) the qualification of such Person as a real estate investment trust under the provisions of Sections 856 et seq. of the Code and (b) the applicability to such Person and its shareholders of the method of taxation provided for in Sections 857 et seq. of the Code.

  • Bank Credit Facility means any credit agreement or working capital facility among the Company and/or its Subsidiaries and one or more lenders, as such credit agreement or working capital facility may be amended, renewed, extended, substituted, refinanced, restructured, replaced, supplemented or otherwise modified (including with other lenders) from time to time, regardless of whether any other credit agreement or working capital facility or any portion thereof was outstanding or in effect at the time of such amendment, renewal, extension, substitution, refinancing, restructuring, replacement, supplement or modification.

  • Level VI Status exists at any date if, on such date, the Borrower has not qualified for Level I Status, Level II Status, Level III Status, Level IV Status or Level V Status.

  • Credit Rating Agency means a nationally recognized credit rating agency that evaluates the financial condition of issuers of debt instruments and then assigns a rating that reflects its assessment of the issuer’s ability to make debt payments.