Level III Pricing definition

Level III Pricing applies on any day on which (i) the Borrower’s long-term debt is rated A- or higher by S&P or A3 or higher by Moody’s and (ii) neither Level I Pricing nor Level II Pricing applies.

Level III Pricing applies at any date if, at such date, (i) the Company's long-term debt is rated BBB+ or higher by S&P or Baa1 or higher by Moody's and (ii) neither Level I Pricing nor Level II Pricing applies, except as provided below under "Split Rating".

Level III Pricing applies at any date if, at such date, (i) Whirlpool’s senior unsecured long-term debt is rated BBB or higher by S&P or Baa2 or higher by Moody’s and (ii) neither Level I Pricing nor Level II Pricing applies.

Examples of Level III Pricing in a sentence

• Investments which are generally included in Level II include corporate bonds and loans, less liquid and restricted equity securities, certain over-the counter derivatives, and certain fund of hedge funds investments in which the Company has the ability to redeem its investment at net asset value at, or within three months of, the reporting date.• Level III: Pricing inputs are unobservable for the investment and includes situations where there is little, if any, market activity for the investment.

• Level III: Pricing inputs are unobservable for the investment and include situations where there is little, if any, market activity for the investment.

• In the coming year, PAS(CMA)8 will take part in working level discussions with the Central and relevant provincial and municipal governments to thrash out the detailed arrangements for setting up the Wuhan ETO, including its roles and functions and work facilitation arrangements.

• Level III Pricing inputs are unobservable for the financial instruments and include situations where there is little, if any, market activity for the financial instrument.

• Certain investments with structures similar to registered mutual funds may have readily determinable fair value if the NAV is determined, published and used as the basis for transactions.‐ Level III- Pricing inputs are unobservable and there is minimal (if any) market data.

More Definitions of Level III Pricing

Level III Pricing means the pricing during any period during which (i) the Company's long-term senior unsecured debt is rated A+ or higher by S&P or A1 or higher by Moody's and (ii) neither Level I Pricing nor Level II Pricing applies.

Level III Pricing applies on any day if on such day Level II Pricing does not apply and the Company’s unsecured long-term debt securities are rated A- or higher by S&P or A3 or higher by Moody’s.

Level III Pricing applies during any Rate Period if no higher Pricing Level applies and, at the end of the Preceding Fiscal Quarter, the Leverage Ratio was equal to or greater than 2.00 to 1.

Level III Pricing applies at any date if, at such date, the Borrower’s long-term debt is rated BBB by S&P and Baa2 by Moody’s.

Level III Pricing applies if the Debt Rating at the most recent Performance Pricing Determination Date was equal to A- or A3.

Level III Pricing applies at any date if, at such date, (i) the Borrower's long-term debt is rated (x) BBB+ or higher by S&P or Baa1 or higher by Moodx'x xxx (y) not lower than BBB- by S&P and not lower than Baa3 by Moodx'x xxx (ii) neither Level I Pricing nor Level II Pricing applies.

Level III Pricing applies, subject to clause (b) of the definition of Pricing Level, from (a) the Adjustment Date following a fiscal quarter for which [____________] until (b) the next subsequent Adjustment Date on which another Pricing Level becomes applicable.