Senior Unsecured Debt Rating definition

Senior Unsecured Debt Rating means at any date, the credit rating identified by S&P or Xxxxx’x as the credit rating which (i) it has assigned to Unsecured Debt of the Company or (ii) would assign to Unsecured Debt of the Company were the Company to issue or have outstanding any Unsecured Debt on such date.

Senior Unsecured Debt Rating means the rating, as determined by either Standard & Poor's or Moody's, of Cornerstone's senior unsecured non-credit enhanced long term Debt.

Senior Unsecured Debt Rating means, for any date, the senior unsecured debt rating, as rated by Standard & Poor's or Xxxxx'x Investor Service as of such date.

Examples of Senior Unsecured Debt Rating in a sentence

• On 19 December 2013 due to countless reports in the media Moody’s had occasion to publish an information on Hypo Alpe Adria, in which it confirmed the Guaranteed Senior Unsecured Debt Rating at A1 with a “negative” out- look.

• Subsequent to the Order on Consent, the NYSDEC approved Study Area Work Plan Addendum 3 (Work Plan Addendum 3) for additional characterization activities at the Property (WESTON, 2015).

• Whenever the rating history is not available from S&P, we use the Moody’s Senior Unsecured Debt Rating.

• Jankowitz, Rating Action: Moody’s Downgrades GE’s Senior Unsecured Debt Rating to A1, MOODY’S INVESTORS SERVICES, INC., Apr.

• In the event the Borrower fails to deliver such financial statements and certificate within the time required by Section 7.2 hereof, the Applicable Margin until the delivery of such financial statements and certificate shall be the Applicable Margin set forth above applicable to the Borrower's Senior Unsecured Debt Rating; provided that if such rating is not available, the Applicable Margin shall be the highest Applicable Margin set forth above.

More Definitions of Senior Unsecured Debt Rating

Senior Unsecured Debt Rating has the meaning assigned to such term in Schedule 1.

Senior Unsecured Debt Rating means, at any time of determination, the rating currently assigned by Moody's or S&P, as applicable, to the outstanding publicly-held long-term senior unsecured debt securities of Company, or, if no such debt securities are outstanding at such time, the rating, if any, that would be so assigned by Moody's or S&P, as applicable, if any such debt securities were outstanding at such time, as evidenced by a formal rating letter issued to Company by such rating agency and delivered by Company (in the form of an original or a copy thereof) to Administrative Agent.

Senior Unsecured Debt Rating will mean the rating given to Borrower's senior unsecured debt by Moodx'x Investors Service, Inc. (or any successor to its securities ratings business) or by Standard & Poor's Corporation (or any successor to its securities ratings business).

Senior Unsecured Debt Rating in Section 1.1 of the Credit Agreement are hereby amended and restated to read in their entirety as follows:

Senior Unsecured Debt Rating means the Borrower's Senior Unsecured Debt Rating provided by (1) the higher of either Standard & Poor's Corporation or Xxxxx'x Investors Service provided that (a) no more than one ratings differential shall apply, or, (b) if two or more ratings differential, the rating shall be that rating that is one rating greater than the lowest rating, or, (2) if not available from one of the above corporations, then that rating that is two levels better than the rating given by such corporations on the Senior Subordinated Debt.

Senior Unsecured Debt Rating means, as of any date, the highest rating, actual or implicit, that has been most recently announced by any of S&P or Xxxxx'x, as the case may be, for the Company or any class of long-term senior unsecured debt issued by the Company or FHC. For purposes of the foregoing, (a) if any rating established by S&P or Xxxxx'x shall be changed, such change shall be effective as of the date on which such change is first announced publicly by the rating agency making such change; and (b) if S&P or Xxxxx'x shall change the basis on which ratings are established, each reference to the Senior Unsecured Debt Rating announced by S&P or Xxxxx'x, as the case may be, shall refer to the then equivalent rating by S&P or Xxxxx'x, as the case may be.

Senior Unsecured Debt Rating the Borrower's senior unsecured debt rating as announced by both S&P and Moody's.