Credit Status 3 definition

Credit Status 3 shall exist upon the occurrence of the higher of a rating by S&P of Gannett’s senior unsecured long-term debt of at least A- but lower than A or a rating by Moody’s of Gannett’s senior unsecured long-term debt of at least A3 but lower than A2.
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Credit Status 3 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 BBB+ or a rating by Xxxxx’x of the Borrower’s senior unsecured long-term debt of at least Baa2 but lower than Baa1.
Sample 1Sample 2Sample 3
Credit Status 3 shall exist upon the occurrence of the higher of a rating by Standard & Poor's Corporation of Gannett's senior unsecured long-term debt of at least BBB or a rating by Xxxxx'x Investors Service, Inc. of Gannett's senior unsecured long-term debt of at least Baa2. Credit Status 3 shall exist upon the satisfaction of one or the other of the foregoing minimum rating thresholds and no other Credit Status shall be deemed to coexist, notwithstanding that the lower of the two ratings may fall within the range of ratings specified in Credit Status 4.
Sample 1

Related to Credit Status 3

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

  • proof of B-BBEE status level of contributor means:B-BBEE Status level certificate issued by an authorized body or person;A sworn affidavit as prescribed by the B-BBEE Codes of Good Practice;Any other requirement prescribed in terms of the B-BBEE Act;

  • CREFC® Delinquent Loan Status Report A report substantially in the form of, and containing the information called for in, the downloadable form of the “Delinquent Loan Status Report” available as of the Closing Date on the CREFC® Website, or no later than 90 days after its adoption, such other form for the presentation of such information and containing such additional information as may from time to time be approved by the CREFC® for commercial mortgage securities transactions generally.

  • 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.

  • 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.

  • CMSA Delinquent Loan Status Report means a report substantially in the form of, and containing the information called for in, the downloadable form of the "Delinquent Loan Status Report" available as of the Closing Date on the CMSA Website, or such other form for the presentation of such information and containing such additional information as may from time to time be approved by the CMSA for commercial mortgage securities transactions generally.

  • 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.

  • Revolving Loan Termination Date means the earlier of (a) the fifth anniversary of the Funding Date and (b) the date of termination in whole of the Aggregate Revolving Loan Commitment pursuant to Section 2.05(a) or Section 9.01 hereof.

  • Status Quo means the arrangements in place prior to the Dispute arising. This includes the performance, operation and management of all work and rates of pay and allowances. Total Cost of Work means the total value of the project declared to QLeave or NT Build.

  • B-BBEE status level of contributor means the B-BBEE status of an entity in terms of a code of good practice on black economic empowerment, issued in terms of section 9(1) of the Broad-Based Black Economic Empowerment Act;

  • Credit Rating means the rating assigned by a Rating Agency to the senior unsecured long term Indebtedness of a Person.

  • Level II Status exists at any date if, on such date, (i) the Borrower has not qualified for Level I Status and (ii) the Borrower's Xxxxx'x Rating is Baa1 or better or the Borrower's S&P Rating is BBB+ or better.

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

  • Loan Number Orig Term: Prop Type: Sr Lien: Orig Amount: P&&I: Cr. Score: Sevicer Loan Prod Code: Rem Term: Occp Code: Appr Value: Note Date: Debt Ratio: City Stat Zip Purpose: Curr Rate: CLTV: Prin Bal: Maturity Date: Lien Pos: 7107405 121 14 $207,879.00 $51,300.00 $739.72 685 0301020343 5 117 1 $210,000.00 01/30/2002 36 Lock Haven PA 17745 02 12.130 124 $50,608.35 02/04/2012 2 7107631 180 14 $210,000.00 $50,000.00 $640.87 673 0301032835 6 178 1 $218,000.00 03/18/2002 41 GRAHAM WA 98338 01 13.250 120 $49,812.31 03/22/2017 2 7107823 181 14 $72,598.00 $63,600.00 $768.43 765 0301020525 6 178 1 $109,000.00 02/15/2002 36 WOODWARD IA 50276 02 12.130 125 $63,347.12 03/01/2017 2 7108503 180 14 $193,489.00 $55,000.00 $695.88 685 0301020608 6 178 1 $204,000.00 03/20/2002 31 GASTONIA NC 28052 02 13.000 122 $54,798.82 03/25/2017 2 7108519 300 04 $79,863.00 $28,500.00 $345.80 674 0301020533 8 295 1 $94,000.00 12/12/2001 45 North Olmsted OH 44070 02 14.130 116 $28,447.10 12/16/2026 2 7108617 181 14 $83,534.00 $30,000.00 $348.08 731 0301020624 6 177 1 $105,000.00 01/19/2002 24 Newport News VA 23602 02 11.380 109 $29,710.42 02/02/2017 2 7108919 180 14 $155,000.00 $38,700.00 $468.21 706 0301039459 6 178 1 $155,000.00 03/19/2002 39 LAKE IN THE HILLS IL 60156 01 12.150 125 $38,546.48 03/25/2017 2 7108943 300 RFC01 $125,593.00 $55,000.00 $584.36 714 0301033882 8 298 1 $145,500.00 03/08/2002 41 Maple Grove MN 55311 02 12.130 125 $54,575.73 03/29/2027 2 7108993 180 14 $77,500.00 $38,000.00 $462.19 703 0301020665 6 178 1 $93,000.00 03/25/2002 24 KNOXVILLE TN 37922 02 12.250 125 $37,850.70 03/29/2017 2 7109199 300 14 $120,299.00 $35,000.00 $413.30 732 0301026837 8 298 1 $134,000.00 03/05/2002 49 Cape Coral FL 33904 02 13.700 116 $34,972.41 03/11/2027 2 7109379 181 14 $54,013.00 $30,000.00 $373.68 718 0301026746 6 179 1 $68,000.00 03/05/2002 40 Claysville PA 15323 02 12.700 124 $29,887.05 04/01/2017 2 7109515 181 14 $96,245.00 $75,000.00 $833.71 743 0301026639 6 179 1 $144,000.00 03/15/2002 42 Coatesville PA 19320 02 10.600 119 $74,656.07 04/01/2017 2 7109595 301 14 $94,000.00 $56,000.00 $654.89 684 0301026274 8 299 1 $120,000.00 03/14/2002 50 New Kensington PA 15068 02 13.550 125 $55,954.63 04/01/2027 2 7109669 180 14 $132,223.00 $25,000.00 $282.59 728 0301026126 6 178 1 $140,000.00 03/07/2002 47 Akron OH 44305 02 10.900 113 $24,888.48 03/15/2017 2 7109773 181 14 $87,000.00 $21,750.00 $272.34 711 0301025573 6 179 1 $87,000.00 03/15/2002 47 Fort Wayne IN 46806 02 12.800 125 $21,709.66 04/01/2017 2 7109857 181 14 $83,829.00 $29,900.00 $421.56 642 0301025953 6 179 1 $91,000.00 03/13/2002 39 McKeesport PA 15133 02 15.150 125 $29,703.75 04/01/2017 2 7109951 181 14 $47,452.00 $32,600.00 $412.47 664 0301025847 6 179 1 $70,000.00 03/08/2002 34 Woodward OK 73801 02 13.000 115 $32,443.22 04/01/2017 2 7110049 181 14 $184,941.00 $33,800.00 $471.91 656 0301025771 6 179 1 $210,000.00 03/06/2002 45 Sandy UT 84092 02 14.950 105 $33,749.18 04/01/2017 2 7110077 180 14 $192,899.00 $41,640.00 $466.76 690 0301069092 6 179 1 $187,634.00 04/01/2002 44 OWENSBORO KY 42303 02 10.750 125 $41,546.27 04/05/2017 2 7110119 301 14 $80,516.00 $50,000.00 $634.61 666 0301025623 8 299 1 $118,000.00 03/06/2002 50 Lewiston ME 04240 02 14.850 111 $49,884.14 04/01/2027 2 7110135 180 14 $53,532.08 $44,500.00 $577.75 671 0301027207 6 178 1 $78,500.00 03/16/2002 41 Twentynine Pines CA 92277 02 13.500 125 $44,344.89 03/25/2017 2

  • Other Rating Agency Eligible Assets means assets of the Company designated by any Other Rating Agency as eligible for inclusion in calculating the Agency Discounted Value of the Company’s assets in connection with such Other Rating Agency’s rating of any series of MRP Shares.

  • Level I Status exists at any date if, as of the last day of the fiscal quarter of the Borrower referred to in the most recent Financials, the Leverage Ratio is less than 1.00 to 1.00.

  • Delinquent Loan Status Report format substantially in the form of and containing the information called for therein for the Mortgage Loans, or such other form for the presentation of such information as may be approved from time to time by the CREFC® for commercial mortgage securities transactions generally.

  • Request for Letter of Credit means a written request for a Letter of Credit substantially in the form of Exhibit F, signed by a Responsible Official of Borrower and properly completed to provide all information required to be included therein.

  • Highest Credit Rating Available The highest rating category (disregarding any plus or minus or any numerical or other subcategory) of any Rating Agency. Holders: All of the Certificateholders.

  • Level III Status exists at any date if, on such date, (i) the Borrower has not qualified for Level I Status or Level II Status and (ii) the Borrower's Xxxxx'x Rating is Baa2 or better or the Borrower's S&P Rating is BBB or better.

  • Non-MERS Eligible Mortgage Loan Any Mortgage Loan other than a MERS Eligible Mortgage Loan.

  • Revolving Loan Commitment Termination Date means the earliest of

  • CMSA Loan Level Reserve/LOC Report means the monthly report substantially in the form of, and containing the information called for in, the downloadable form of the "Loan Level Reserve/LOC Report" available as of the Closing Date on the CMSA Website, or such other form for the presentation of such information and containing such additional information as may from time to time be approved by the CMSA for commercial mortgage securities transactions generally.

  • Level IV Status exists at any date if, on such date, (i) the Borrower has not qualified for Level I Status, Level II Status or Level III Status and (ii) the Borrower's Xxxxx'x Rating is Baa3 or better or the Borrower's S&P Rating is BBB- or better.

  • Permanent Status means the state or condition achieved by an employee in the classified service who has successfully completed an initial probationary period or a probationary period required following reinstatement, or whose probationary period is waived through specific statutory direction.

  • B-BBEE status level of contributor” means the B-BBEE status of an entity in terms of a code of good practice on black economic empowerment, issued in terms of section 9(1) of the Broad- Based Black Economic Empowerment Act;