Level 3 Period definition

Level 3 Period means a period that is not a Level 1 Period or a Level 2 Period during which the Rated Securities are rated better than or equal to A2 by Moody's or better than or equal to A by Standard & Poor's.
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Level 3 Period means a period that is not a Level 1 Period or a Level 2 Period during which the Rated Securities are rated better than or equal to Baa2 by Moody’s or better than or equal to BBB by Standard & Poor’s.
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Level 3 Period and "Level 4 Period" means a period of time during which the Consolidated Debt/Capital Ratio of Merisel Parent is as set forth in the table below: Ratio Period equal to or less than .55:1.00 Level 1 greater than .55:1.00 but equal Level 2 to or less than .60:1.00 greater than .60:1.00 but equal Level 3 to or less than .625:1.00 greater than .625:1.00 ▇▇▇▇▇ ▇
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Examples of Level 3 Period in a sentence

  • During any Rating Level 3 Period or Rating Level 4 Period, the Servicer shall deliver to each Managing Agent and the Seller, no later than 11:00 a.m., New York City time, on each Business Day, a Daily Report setting forth total Collections received and Receivables originated during the immediately preceding Business Day, the Net Receivables Pool Balance at the end of the immediately preceding Business Day, and such other information as the Administrative Agent or any Managing Agent may reasonably request.

  • The Pricing Period commencing 45 days after the quarter ended June 30, 2000 through the date which is 45 days after the quarter ended September 30, 2000 will be a Level 3 Period, and the Applicable Margin for LIBOR Borrowings and the LIBOR Portions during such Pricing Period will be 0.875%.

  • The Pricing Period of October 1, 1998 through December 31, 1998 will be a Level 3 Period.

  • The Applicable Margin for each Loan and Portion and the Commitment Fee Percentage will be set for each Pricing Period and will vary depending upon whether such period is a Level 1 Period, a Level 2 Period, a Level 3 Period, a Level 4 Period or a Level 5 Period.

  • The Pricing Period of July 1, 1999 through September 30, 1999 will be a Level 3 Period.

  • The Pricing Period of January 1, 2000 through March 31, 2000 will be a Level 3 Period, and the Applicable Margin for LIBOR Borrowings and the LIBOR Portions during such Pricing Period will be 0.875%.

  • The Pricing Period of January 1, 2001 through March 31, 2001 will be a Level 3 Period.

  • The Margin Period of September 1, 1999 November 30, 1999 will be a Level 3 Period.

  • The Pricing Period of April 1, 1998 - May 31, 1998 will be a Level 3 Period.

  • The Pricing Period of April 1, 1998 through June 30, 1998 will be a Level 3 Period.


More Definitions of Level 3 Period

Level 3 Period means any period which does not qualify as a Level 1 Period or a Level 2 Period during which the Debt to Cash Flow from Operations Ratio measured as of the end of the most recent fiscal quarter was less than 2.5 to 1.0.
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Level 3 Period means any period which does not qualify as a Level 1 Period or a Level 2 Period during which the Debt to Cash Flow from Operations Ratio measured as of the end of the most recent fiscal quarter was less than 2.5 to 1.0."
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