Prevailing Rating definition

Prevailing Rating at any date of determination, the higher of (x) the Credit Rating of the Company assigned by S&P and (y) the Credit Rating of the Company assigned by Moody’s.

Prevailing Rating means (a) AAA/Aaa, if the Bonds shall have a rating of AAA or better by S&P and a rating of Aaa or better by Moody’s, (b) if not AAA/Aaa, AA/Aa if the Bonds shall have a rating of AA- or better by S&P and a rating of Aa3 or better by Moody’s, (c) if not AAA/Aaa or AA/Aa, A/A if the Bonds shall have a rating of A- or better by S&P and a rating of A3 or better by Moody’s, (d) if not AAA/Aaa, AA/Aa or A/A, BBB/Baa, if the Bonds shall have a rating of BBB- or better by S&P and a rating of Baa3 or better by Moody’s, and (e) if not AAA/Aaa, AA/Aa, A/A or BBB/Baa, then below BBB/Baa, whether or not the Bonds are rated by any Rating Agency. For purposes of this definition, S&P’s rating categories of “AAA,” “AA,” “A” and “BBB” and Xxxxx’x rating categories of “Aaa,” “Aa3,” “A3” and “Baa” shall be deemed to refer to and include the respective rating categories correlative thereto in the event that any such Rating Agencies shall have changed or modified their generic rating categories or if any successor thereto appointed in accordance with the definitions thereof shall use different rating categories. If the Bonds are not rated by a Rating Agency, the requirement of a rating by such Rating Agency shall be disregarded. If the ratings for the Bonds are split between two of the foregoing categories, the lower rating shall determine the Prevailing Rating. If there is no rating, then the Auction Rate shall be the Maximum Auction Rate.

Prevailing Rating means (a) "AAA/Aaa," if the Bonds shall have a rating of "AAA" or better by S&P and a rating of "Aaa" or better by Moody's, (b) if not "AAA/Aaa," "AA/Aa" if the Bonds shall have a rating of "AA-" or better by S&P and a rating of "Aa3" or better by Moody's, (c) if not "AAA/Aaa" or "AA/Aa," "A/A" if the Bonds shall have a rating of "A-" or better by S&P and a rating of "A3" or better by Moody's, and (d) if not "AAA/Aaa," "AA/Aa" or "A/A," "BBB/Baa" if the Bonds shall have a rating of "BBB-" or better by S&P and a rating of "Baa3" or better by Moody's, and (e) if not "AAA/Aaa," "AA/Aa," "A/A" or "BBB/Baa," then below "BBB/Baa," whether or not the Bonds are rated by any securities rating agency. For purposes of this definition, S&P's rating categories of "AAA," "AA," "A-" and "BBB-" and Xxxxx'x rating categories of "Aaa," "Aa3," "A3" and "Baa3" shall be deemed to refer to and include the respective rating categories correlative thereto in the event that any such rating agencies shall have changed or modified their generic rating categories or if any successor thereto appointed in accordance with the definitions thereof shall use different rating categories. If the Bonds are not rated by a Rating Agency, the requirement of a rating by such Rating Agency shall be disregarded. If the ratings for the Bonds are split between two of the foregoing categories, the lower rating shall determine the Prevailing Rating. If there is no rating, then the Auction Rate shall be the Maximum Auction Rate.

Examples of Prevailing Rating in a sentence

• Your professional credentials include a minimum of three years of music teaching experience in P-12 schools or equivalent professional experience in music teaching and learning.

• Pursuant to the Program Resolution, if at any time any rating agency announces that a lower rating is under consideration for the EMCP, then the Prevailing Rating from such rating agency will not be the rating then assigned to the EMCP; rather, it will be the next lower rating of such rating agency.

• Among the several abundance indicators that the code offers (equivalent width, core line intensity or χ2) and their respective flags, we selected the abundances corresponding to the minimum χ2, but still use the other methods to reject any suspicious line.

• For this purpose we used a (global) shortest path algorithm, a cognitive map approach that provide the agents with different degrees of spatial knowledge and a simple room exploration method.

• If the ratings for the Series 2003-C, D & E Bonds of a Subseries or Series are split between two of the foregoing categories, the lower rating shall determine the Prevailing Rating.

More Definitions of Prevailing Rating

Prevailing Rating means, at the time of determination and with respect to a Rating Agency, the rating assigned to the ECP Notes by the Rating Agency or any comparable future designation by the Rating Agency.

Prevailing Rating with respect to the Notes means:

Prevailing Rating means (a) AAA/Aaa, if the Bonds shall have a rating of AAA or

Prevailing Rating of the Preferred Securities means:

Prevailing Rating means, with respect to the Series A Preferred Shares:

Prevailing Rating means, when such term is used in the definition of the Applicable Percentage,

Prevailing Rating means, for the purposes of the definition of Applicable Spread: