Rating Level 2 definition

Rating Level 2 means that Rating Level 1 does not apply and the Debt Rating is A3 by Moody's or A- by S&P.
Rating Level 2 means a rating of the Rated Securities equal to A3 by Moody's or A- by S&P.
Rating Level 2 means a period that is not a Rating Level 1 during which the Xxxxx’x Rating is at or above A1 or the Standard & Poor’s Rating is at or above A+;

Examples of Rating Level 2 in a sentence

  • During any Rating Level 2 Period, the Servicer shall deliver to each Managing Agent and the Seller, no later than 11:00 a.m., New York City time, on the second Business Day of each calendar week, a Weekly Report containing the information listed in Annex A-2 with respect to the immediately preceding calendar week, and such other information as the Administrative Agent or any Managing Agent may reasonably request.

  • Tanker Vessels should be less than fifteen (15) years old but tankers up to, and including, twenty (20) years of age may be acceptable provided they have been assessed under CAP at Rating Level 2 or better for both CAP Hull and CAP MC.

  • Definition of Pay Scales Initial 4 Instructor Rating Level 2 Class 3 Instructor Rating Level.

  • This project has been assigned a Rating Level 2 on the Risk/Severity Matrix; however, the legislature required that this project be closely followed and documented in the Agency IT Portfolio.

  • For the Brave GENERATION project in Glasgow, a series of ‘creative instigations’ during the structured part of the project gave young people tasters in a range of skills from practical art skills such as screen-printing to being able to make art from their own ideas (YP2).


More Definitions of Rating Level 2

Rating Level 2 means (a) no Specified Event of Default has occurred and is continuing, (b) the Xxxxx'x Rating is A2 or the S&P Rating is A and (c) Rating Level 1 is not in effect.
Rating Level 2 means any time when Rating Level 1 is not in effect.
Rating Level 2 means (a) the Standard & Poor's Rating is below BB- (or any successor rating) or (b) the Moodx'x Xxxing is below Ba3 (or any successor rating).
Rating Level 2 means the rating level at any time Rating Level 1 is not in effect and the Obligations are rated both (i) BB- or higher by Standard & Poor's Ratings Services and (ii) Ba3 or higher by Xxxxx'x Investor Service, Inc. "Rating Level 3" shall mean the rating level at any time when neither Rating Xxxxx 0 nor Rating Level 2 is in effect.
Rating Level 2. Rating Level 3", "Rating Xxxxx 0" and "Rating Level 5" have the meanings specified in clause (b) of the definition of "Applicable Margin" in this Section 1.01.
Rating Level 2 means (a) so long as no Debt Rating from S&P or Moodx'x xx obtained by the Company, then a Debt Rating of BBB+ from Fitch, (b) in the event that a Debt Rating is obtained from either S&P or Moody's, then either, a Debt Rating of BBB or higher from S&P or Baa2 or higher from Moody's and (c) in the event that a Debt Rating is obtained from S&P and Moody's, then either (i) a Debt Rating of Baa3 from Moody's and BBB (or higher) from S&P or (ii) a Debt Rating of BBB- from S&P and Baa2 (or higher) from Moodx'x.
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.