Rating Level 1 definition

Rating Level 1 means that the Debt Rating is A1 or better by Moody’s or A+ or better by S&P.

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Rating Level 1 means a rating of the Rated Securities -------------- better than or equal to A2 by Moody's or better than or equal to A by S&P.

Rating Level 1 means a period during which the ▇▇▇▇▇’▇ Rating is at or above Aa2 or the Standard & Poor’s Rating is at or above AA;

Examples of Rating Level 1 in a sentence

• For example, if only one of the Rating Agencies decreases its rating of the Notes to Rating Level 1 (and the rating provided by the other Rating Agency is above Rating Level 1), then the interest rate payable on the Notes will increase by 0.25%, and if each of the Rating Agencies decreases its rating of the Notes to Rating ▇▇▇▇▇ ▇, then the Note Interest Rate will increase by 0.25% on account of each such rating provided by both Rating Agencies, or 0.50% in the aggregate.

• One of the following five pricing levels, as applicable, and provided, that the initial Applicable Margin shall be at Credit Rating Level 3: Credit Rating Level 1.

• For example, if only one of the Rating Agencies decreases its rating of the Notes to Rating Level 1 (and the rating provided by the other Rating Agency is above Rating Level 1), then the Note Interest Rate will increase by 0.25%, and if each of the Rating Agencies decreases its rating of the Notes to Rating ▇▇▇▇▇ ▇, then the Note Interest Rate will increase by 0.25% on account of each such rating provided by both Rating Agencies, or 0.50% in the aggregate.

• The Credit Rating Level which would be applicable for so long as the Credit Rating is greater than or equal to A- by S&P or A3 by ▇▇▇▇▇’▇ and Credit Rating Level 1 is not applicable; Credit Rating Level 3.

• Rating Agency 1 (e.g. Standard and Poors) Credit Rating Level 1 = AAA Credit Rating Level 2 = AA+ Credit Rating Level 3 = AA Credit Rating Level 4 = AA- Credit Rating Level 5 = A+ Credit Rating Level 6 = A Credit Rating Level 7 = A- • Credit Rating Level 8 = BBB+ Credit Rating Level 9 = BBB • Credit Rating Level 10 = BBB- Etc.

More Definitions of Rating Level 1

Rating Level 1 means (a) no Specified Event of Default has occurred and is continuing and (b) the ▇▇▇▇▇'▇ Rating is greater than or equal to A1 or the S&P Rating is greater than or equal to A+.

Rating Level 1 means the rating level at any time the Obligations are rated both (i) BB or higher by Standard & Poor's Ratings Services and (ii) Ba2 or higher by ▇▇▇▇▇'▇ Investor Service, Inc.

Rating Level 1. Rating Level 2", "Rating Level 3", "Rating Level 4" -------------- -------------- -------------- -------------- and "Rating Level 5" have the meanings specified in the definition of -------------- "Applicable Margin" in this Section 1.01.

Rating Level 1 means, as at any date of determination -------------- thereof, that the rating of any long-term unsecured debt issues of the Originator (a) most recently published by S&P is BBB- or better or (b) most recently published by ▇▇▇▇▇'▇ is Baa3 or better.

Rating Level 1 means (a) the Standard & Poor's Rating is at or above BBB- (or any successor rating) and (b) the Mood▇'▇ ▇▇▇ing is at or above Baa3 (or any successor rating).

Rating Level 1 means (a) so long as no Debt Rating from S&P or Mood▇'▇ ▇▇ obtained by the Company, then a Debt Rating of A- or higher from Fitch, and (b) in the event that a Debt Rating is obtained from S&P and Moody's, then a Debt Rating of BBB or higher from S&P and Baa2 or higher from Mood▇'▇.

Rating Level 1 means, (a) no Default has occurred and is -------------- continuing and (b) the ▇▇▇▇▇'▇ Rating is at Baa2 or higher (or a Substitute Rating is at the corresponding rating level or higher) or the S&P Rating is at BBB or higher (or a Substitute Rating is at the corresponding rating level or higher); "Rating Level 2" shall mean (a) no Default has occurred -------------- and is continuing, (b) the ▇▇▇▇▇'▇ Rating is at Baa3 or higher (or a Substitute Rating is at the corresponding rating level or higher) or the S&P Rating is at BBB- or higher (or a Substitute Rating is at the corresponding rating level or higher) and (c) Rating Level 1 is not in effect; provided that (A) neither Rating Level 1 nor Rating Level 2 shall -------- exist at any time before (i) the consummation of the Acquisition or (ii) the date on which both Moody's and S&P shall have first either reaffirmed or announced revised ratings for the Company Senior Long-Term Debt, and (B) for purposes of both Rating ▇▇▇▇▇ ▇ and Rating ▇▇▇▇▇ ▇, in the event that the rating levels are split, the higher of the two rating levels shall apply.