Level Status definition

Level Status means Level I Status, Level II Status, Level III Status, Level IV Status or Level V Status (as such terms are defined in Annex I), as applicable at any time.

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Level Status means L▇▇▇▇ ▇, ▇▇▇▇▇ ▇▇, ▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇ ▇▇ or Level V, each as determined pursuant to Section 2.6.

Level Status means a level (designated “Level 1”, “Level 2”, and so on) determined pursuant to Section 2.6(c).

Examples of Level Status in a sentence

In the event of a difference in the equivalent "rating level" from S&P and ▇▇▇▇▇'▇ resulting in a split of only one level, then the Level Status shall be determined by reference to the higher of the two Ratings.
In the event of a differential in Ratings of one level, Level Status shall be determined by reference to the higher of the two Ratings.
Notwithstanding the foregoing, if the Applicable Rating established by either of the remaining Rating Agencies is in the rightmost column above, the Borrower shall be deemed to be at Level Status V.
The Borrower's Level Status and Margins shall be adjusted each fiscal quarter of the Borrower on the basis of the Cash Flow Leverage Ratio of the Borrower as at the end of the previous fiscal quarter, in accordance with the pricing grid set forth in Exhibit A.
In the event of a difference in the equivalent "rating level" from S&P and ▇▇▇▇▇'▇ resulting in a split of greater than one level, then the Level Status shall be that Level Status one above the Level Status determined by reference to the lower of the two Ratings.

More Definitions of Level Status

Level Status means the applicable Level Status set forth in the table below (with Level Status V being the lowest Level Status and Level Status I being the highest Level Status), it being agreed that the applicable Level Status as of any date of determination shall be deemed to be the lowest Level Status which includes the applicable Debt Rating by at least two of the Rating Agencies: ========================================================================================================= Moody's Investors Standard & Poor's Fitch Investors Service, Level Status Service, Inc. Ratings Services Inc. --------------------------------------------------------------------------------------------------------- Level Status I Baa1 or higher BBB+ or higher BBB+ or higher --------------------------------------------------------------------------------------------------------- Level Status II Baa2 or higher BBB or higher BBB or higher --------------------------------------------------------------------------------------------------------- Level Status III Baa3 or higher BBB- or higher BBB- or higher --------------------------------------------------------------------------------------------------------- Level Status IV Ba1 or higher BB+ or higher BB+ or higher --------------------------------------------------------------------------------------------------------- Level Status V Below Ba1 or unrated Below BB+ or unrated Below BB+ or unrated =========================================================================================================

Level Status means Level I, Level II, Level III or Level IV, each as defined in Exhibit A and determined pursuant to Section 2.3(e) and Exhibit A."

Level Status means Level I, Level II, Level III, Level IV or Level V, each as determined pursuant to Section 2.6.

Level Status means which of Level I Status, Level II Status, Level III Status, Level IV Status or Level V Status then exists based upon the then applicable Ratings.

Level Status means Level I, Level II, Level III, Level IV, Level V or Level VI, each as determined pursuant to Section 2.6(a).

Level Status means Level I Status as defined in Exhibit A to the Third Amendment and determined pursuant to Section 2.3(e) of the Credit Agreement and Exhibit A to the Third Amendment." "'Third Amendment' means the Third Amendment to Credit Agreement dated as of August __, 2001 by and between the Borrower and the Bank. 2.

Level Status means Level I, Level II, Level III, Level IV, Level V or Level VI, each as determined pursuant to Section 2.6(a). “Lien” means any mortgage, deed of trust, lien, pledge, security interest or other charge or encumbrance, of any kind whatsoever,