Implied Senior Debt Rating means the rating, if any, designated by one of the Rating Agencies as its Implied Senior Debt Rating for the Company.
Implied Senior Debt Rating means with respect to any debt ratings, if in existence, of the Lessee's subordinated debt from S&P, Moody's or Duff & Xxxxxx, as the case may be, two rating levels higher than such subordinated debt rating.
Implied Senior Debt Rating. Inactive Revolving Loan Commitment Amount", "Majority Borrowing Base Lenders", "New Subordinated Indebtedness", "Revised Borrowing Base", "Thailand Borrowing Base", "Updated Reserve Report" and "U.S. Borrowing Base".
Examples of Implied Senior Debt Rating in a sentence
As used in this Agreement the following terms shall have the following meanings, unless the context otherwise requires: "Adjusted Base Rate Margin" means the Initial Base Rate Margin as adjusted by 10 basis points in the case of each negative Rating Change to the fourth tier or the fifth tier and each positive Rating Change to the fourth tier or the third tier by one of the Rating Agencies in such agency's Implied Senior Debt Rating applicable to the Company.
More Definitions of Implied Senior Debt Rating
Implied Senior Debt Rating means that "implied senior debt rating", if any, from time to time assigned to the Borrower by any of Standard & Poors, Moody's or another nationally recognized debt rating agency, provided that such other agency is acceptable to the Agent and Co-Agent. In the event that an "implied senior debt rating" is assigned by more than one of Standard & Poors, Moody's or any other debt rating agency acceptable to the Agent and Co- Agent and such ratings are different (a "split rating "), the Implied Senior Debt Rating shall be the highest of the ratings assigned by any of these debt rating agencies.
Implied Senior Debt Rating means with respect to any debt ratings, if in existence, of the Guarantor's subordinated debt from any or all of Duff & Xxxxxx, S&P and Moody's, two rating notches higher than such subordinated debt rating.
Implied Senior Debt Rating. (xi) "Indebtedness"; (xii) "Initial Term"; (xiii) "Lien"; (xiv) "Mortgageable Ground Lease"; (xv) "Permitted Liens"; (xvi) "Reconciliation Amount"; (xvii) "Responsible Officer"; (xviii) "Tangible Net Worth"; and (xix) "Unit Leasing Record"; provided, however, that the terms "Xxxxxxx", "Xxxxxxx Leasing" and "Xxxxxxx Xxxxx" as used in the Master Lease shall be interpreted to refer to "Agent" where the context so requires.
Implied Senior Debt Rating. Insurance Requirements", "Lease Term", "Lien", "Xxxxx'x", "Mortgageable Ground Lease", "NAIC", "Permitted Liens", "Person", and "S&P" shall have the meanings set forth opposite those terms in the Lease, except that, for purposes of this Agreement, the terms "the Lessor", "the Lessee" and "this Lease" if used in those definitions in the Lease shall be deemed to be the terms "Owner", "Agent" and "this Agreement", respectively, and if used in those definitions in the Lease, each of the terms "Parcel", "Parcel of Property" and "Property" shall be deemed to be the phrase "Unit Premises and related Unit Improvements" and each of the terms "Unit of Equipment" and "Unit", shall be deemed to be an item of "Unit FF&E".