Performance Level II means, at any date of determination, (a) that the Performance Level does not meet the requirements of Performance Level I and (b) that the Borrower shall have a Borrower Debt Rating in effect on such date of at least BBB+ by S&P or at least Baa1 by Moody’s.
Performance Level II means, at the date of determination, that (a) the Performance Level does not meet the requirements of Performance Level I and (b) the Borrower and its Subsidiaries shall have maintained for the most recently completed four consecutive fiscal quarters of the Borrower and its Subsidiaries prior to such date (i) an Interest Coverage Ratio of greater than or equal to 5.0 to 1 and (ii) a Leverage Ratio of less than or equal to 2.0 to 1.
Performance Level II means, at any date of determination, that (a) the Performance Level does not meet the requirements of Performance Level I and (b) the Borrower and its Subsidiaries shall have maintained a Leverage Ratio of less than 2.50:1 for the most recently completed Measurement Period prior to such date.
Examples of Performance Level II in a sentence
All Students Performance Data All WIOA Participants Performance DataMinimum Performance Level II.
The primary goal of the project is to obtain Point Blank Hi-Lite Performance Level II Concealed Body Armor Vests.
Performance Level II -------------------- This level reflects overall achievement of objectives resulting in contributions to profit improvement and organizational enhancement.
For example, each STAAR 3–8 and EOC assessment has three performance levels: Level I: Unsatisfactory Academic Performance; Level II: Satisfactory Student Performance; and Level III: Advanced Academic Performance.
For the purposes of this section, the term workload shall be as defined in Article 13, Section B-1.
More Definitions of Performance Level II
Performance Level II means, at any date of determination, that (a) the Leverage Ratio of the U.S. Borrower and its Restricted Subsidiaries does not meet the requirements for Performance Level I and (b) the U.S. Borrower and its Restricted Subsidiaries shall have maintained a Leverage Ratio of less than 3.75:1.00 for the most recently completed Measurement Period prior to such date.
Performance Level II means, at any date of determination,
Performance Level II means that level of financial performance of the Company, on a consolidated basis, in effect on any given date at which the long term, senior unsecured, non-credit enhanced indebtedness of the Company is rated BBB+ by S&P or Baa1 by Moody's.
Performance Level II means, at any date of determination, (a) the Performance Level does not meet the requirements of Performance Level I and (b) the non-credit enhanced long-term senior unsecured public debt of the Company shall have a Public Debt Rating in effect on such date of at least BBB+ by S&P or at least Baa1 by Moody's.
Performance Level II means, at any date of determination, the Performance Level does not meet the requirements of Performance Level I.
Performance Level II means, at any date of determination, that Holdings and its Subsidiaries shall have maintained a Total Leverage Ratio of greater than 4.00:1.0 but equal to or less than 4.75:1.0 for the most recently completed Measurement Period prior to such date.
Performance Level II means, at any date of determination, that (a) the Performance Level does not meet the requirements of Performance Level I and (b) Holdings and its Subsidiaries shall have maintained a Senior Leverage Ratio of less than [*] for the most recently completed Measurement Period prior to such date.