Investment Grade Rating Condition means, on any date, that any two of the following three Corporate Ratings are in effect as of such date: (a) the Xxxxx’x Rating is Baa3 or better; (b) the S&P Rating is BBB- or better; or (c) the Fitch Rating is BBB- or better, in each case with a stable (or better) outlook.
Investment Grade Rating Condition has the meaning specified in Section 7.09.
Investment Grade Rating Condition means, with respect to any Person, that Person has two or more of any of the following: (i) a rating of [REDACTED: Commercially Sensitive] or better by Standard and Poor’s Financial Services LLC (or its equivalent under any successor rating categories of Standard and Poor’s Financial Services LLC),
Examples of Investment Grade Rating Condition in a sentence
With regard to other appropriation of retained earnings, the Company plans to draw down its general reserve and transfer the amount to retained earnings brought forward, in order to offset a deficit in retained earnings brought forward.
More Definitions of Investment Grade Rating Condition
Investment Grade Rating Condition means, at any time, the condition that shall be satisfied if Holdings maintains an Investment Grade Rating with two or more of the Ratings Agencies.
Investment Grade Rating Condition means, at any time but only for so long as, at least two of the three Rating Agencies shall have publicly announced a Credit Rating for the Loans and/or the long term unsecured debt of Trizec of at least BBB-/Baa3 (but otherwise subject to the first proviso of the definition of Applicable Facility Fee Percentage and the first proviso of clause (B) of the definition of Applicable Margin).
Investment Grade Rating Condition the Borrower shall be deemed to have satisfied this requirement on a particular day if and only if, on such day, the Borrower Debt Rating is rated BBB- or higher by S&P and Baa3 or higher by Moody's (or in each case, a comparable rating from a generally recognxxxx xxccessor to such rating agency).
Investment Grade Rating Condition means with respect to the Borrower at any date of determination, a Senior Debt Rating of (i) BBB- or better in the case of S&P or (ii) Baa3 or better in the case of Moody's, provided, however, that at such date there shall not be in effect a Senior Debt Rating of (x) BB or lower in the case of S&P or (y) Ba2 or lower in the case of Moody's.
Investment Grade Rating Condition means, with respect to any person, that such person has two or more of any of the following (each a “long-term credit rating”): (i) a rating of [***] by Standard and Poor’s Financial Services LLC (or its equivalent under any successor rating categories of Standard and Poor’s Financial Services LLC), (ii) a rating of [***] by Xxxxx’x Investor Services, Inc. (or its equivalent under any successor rating categories of Xxxxx’x Investor Services, Inc.), or (iii) a rating of [***] by Fitch Ratings, Inc. / Fitch Ratings, Ltd. (or its equivalent under any successor rating categories of Fitch Ratings, Inc. / Fitch Ratings, Ltd.).
Investment Grade Rating Condition means that the Surviving Acquired Company Senior Notes shall have an “Investment Grade Rating” as defined in the applicable indentures governing the Surviving Acquired Company Senior Notes.
Investment Grade Rating Condition means that the Surviving Jarden Senior Notes shall have an “Investment Grade Rating” as defined in the applicable indentures governing the Surviving Jarden Senior Notes.