Level I Status definition

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.

Level I Status means, on any date, the circumstance that the Consolidated Total Debt to Consolidated EBITDA Ratio is greater than or equal to 6.00 to 1.00 as of such date.

Level I Status means, subject to the provisions of Schedule 1, the Borrower’s S&P Rating is AA or higher and its Xxxxx’x Rating is Aa2 or higher.

Examples of Level I Status in a sentence

• For purposes of this Agreement, Level I Status shall be deemed the highest and Level V Status shall be deemed the lowest.

• See Section 4975 for Employment Status Flow Chart.2. EvaluationAn employee on Level I Status shall receive a minimum of two written evaluations annually as follows:a.

• If the Borrower is split-rated and the ratings differential is one notch, the higher of the two ratings will apply (e.g., A-/Baa1 results in Level I Status and BBB/Baa3 results in Level II Status).

• Until the Commitment (or outstanding borrowings under the term loan, if applicable) under the Credit Facility is permanently reduced to an amount not exceeding 50% of the original Commitment under the Credit Facility, Level II Status shall apply at any time that the Borrower's senior unsecured long-term debt maintains any of the Moody's or Standard & Poor's ratings set out in Level I Status through Level II Status above.

• Transfer station is looking into how to stop the sharing of permits at the transfer station.

More Definitions of Level I Status

Level I Status exists at any date if, on such date, the Borrower’s Xxxxx’x Rating is A1 or better or the Borrower’s S&P Rating is A+ or better.

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 Net Leverage Ratio is less than or equal to 2.00 to 1.00. “Level II 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, (i) the Borrower has not qualified for Level I Status and (ii) the Net Leverage Ratio is less than or equal to 2.50 to 1.00. “Level III 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, (i) the Borrower has not qualified for Level I Status or Level II Status and (ii) the Net Leverage Ratio is less than or equal to 3.00 to 1.00. “Level IV 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, (i) the Borrower has not qualified for Level I Status, Level II Status or Level III Status and (ii) the Net Leverage Ratio is less than or equal to 3.50 to 1.00. “Level V Status” exists at any date if the Borrower has not qualified for Level I Status, Level II Status, Level III Status or Level IV Status.

Level I Status means, on any date, the circumstance that Level II Status does not exist.

Level I Status exists at any date if, at such date, either Borrower has a long-term senior unsecured actual or implied debt rating of A- or better by S&P and A3 or better by Moody's;

Level I Status exists at any date if, at such date, the Index Debt is rated either A- or higher by S&P or A3 or higher by Xxxxx’x.

Level I Status means, on any date, the circumstance that neither Level II Status or Level III Status exists and the Consolidated Total Debt to Consolidated EBITDA Ratio is greater than 6.00 to 1.00 as of such date.

Level I Status exists at any date if, at such date, Kimco has a long-term senior unsecured debt rating of A- or better by S&P and A3 or better by Xxxxx’x;