Level 2 Ratings Period definition
Level 2 Ratings Period means any period of time, other than during a Level 3 Rating Period, during which the Debt Rating of ▇▇▇▇▇▇ is (i) lower than BB+ by S&P or (ii) lower than Ba1 by Moody’s.
Level 2 Ratings Period means any period of time, other than a Level 1 Ratings Period, during which McKesson has two of the following Debt Ratings (i) BB or higher by S&P, (ii) Ba2 or higher by Moody’s or (iii) BB or higher by Fitch.
Level 2 Ratings Period means any period of time, other than a Level 3 Rating Period, during which the Debt Rating of Marathon is (i) lower than “BBB-” by S&P and (ii) lower than “Baa3” by Moody’s; provided, that if the ratings of S&P and Moody’s differ by more than one level, the rating one level below the higher of the two ratings shall control.
Examples of Level 2 Ratings Period in a sentence
The occurrence of any event or condition that has had, or would reasonably be expected to have, a Material Adverse Effect on the Borrower or solely during a Level 2 Ratings Period or Level 3 Ratings Period, the occurrence of any event or condition that has had, or would reasonably be expected to have, a Material Adverse Effect on any Borrower Party.
More Definitions of Level 2 Ratings Period
Level 2 Ratings Period means any period of time, other than a Level 1 Ratings Period, during which McKesson has two of the following Debt Ratings (i) BB or higher by S&P, (ii) Ba2 or higher by ▇▇▇▇▇’▇ or (iii) BB or higher by Fitch.
Level 2 Ratings Period means any period of time, other than a Level 3 Rating Period, during which the Debt Rating of Newell is (i) lower than BB+ by S&P or (ii) lower than Ba1 by Moody’s.
Level 2 Ratings Period means any period of time, other than during a Level 1 Rating Period, during which the Debt Rating of Newell is (i) B+ or above by S&P and (ii) B1 or above by Moody’s.
Level 2 Ratings Period means any period of time (other than a Level 1 Ratings Period) during which NIPSCO's Debt Rating has not been withdrawn by either S&P or Moody's and is no less than (i) BBB by S&P and (ii) Baa2 by Moody's.
Level 2 Ratings Period means any period of time, other than during a Level 3 Rating Period, during which the Debt Rating of Newell is
Level 2 Ratings Period means any period of time, other than during a Level 3 Rating Period, during which both (A) the Debt Rating of Newell is (i) lower than BB+ by S&P or (ii) lower than Ba1 by Moody’s, and (B) the Required Managing Agents have notified the Borrower in writing that a Level 2 Ratings Period is in effect hereunder.
Level 2 Ratings Period means any period of time, other than during a Level 3 Rating Period, during which both (A) the Debt Rating of Newell is (i) lower than BB+ by S&P or (ii) lower than Ba1 by ▇▇▇▇▇’▇, and (B) the Required Managing Agents have notified the Borrower in writing that a Level 2 Ratings Period is in effect hereunder.