Xxxxx’x Rating definition

Xxxxx’x Rating means, at any time, the rating issued by Xxxxx’x and then in effect with respect to the Borrower’s senior unsecured long-term debt securities without third-party credit enhancement.

Xxxxx’x Rating means, at any time, the rating issued by Moody’s and then in effect with respect to the Borrower’s senior unsecured long-term public debt securities without third-party credit enhancement (it being understood that if the Borrower does not have any outstanding debt securities of the type described above but has an indicative rating from Moody’s for debt securities of such type, then such indicative rating shall be used for determining the “Xxxxx’x Rating”).

Xxxxx’x Rating means, on any date of determination, the debt rating most recently announced by Moody’s with respect to the long-term senior unsecured debt issued by the Borrower.

Examples of Xxxxx’x Rating in a sentence

• With respect to a Collateral Obligation whose Xxxxx’x Rating or Xxxxx’x Default Probability Rating cannot otherwise be determined pursuant to the definitions thereof, such Xxxxx’x Rating or Xxxxx’x Default Probability Rating shall be determined as set forth below.

• Borrower will at all times this Agreement is in effect maintain a S&P Rating and a Xxxxx’x Rating (or if one or both of such ratings are unavailable, rating(s) from such other recognized national rating agency or agencies as may be acceptable to the Administrative Agent and the Required Banks).

• The Status in effect on any date for purposes of this Pricing Schedule is based on the applicable Fitch Rating, Xxxxx’x Rating and S&P Rating in effect at the close of business on such date.

• For purposes of calculating a Xxxxx’x Rating, each applicable rating, at the time of calculation, (i) on credit watch by Xxxxx’x with positive implications will be treated as having been upgraded by one rating subcategory and (ii) on credit watch by Xxxxx’x with negative implications will be treated as having been downgraded by one rating subcategory.

• The Borrower will at all times this Agreement is in effect maintain a S&P Rating and a Xxxxx’x Rating (or if one or both of such ratings are unavailable, rating(s) from such other recognized national rating agency or agencies as may be acceptable to the Administrative Agent and the Required Banks).

More Definitions of Xxxxx’x Rating

Xxxxx’x Rating is defined in the Pricing Schedule.

Xxxxx’x Rating means, on any date of determination, the rating most recently announced by Moody’s with respect to any senior unsecured, non-credit enhanced Debt of the Borrower or, if such rating is not available, the corporate credit rating of the Borrower most recently announced by Moody’s.

Xxxxx’x Rating means, at any time, the rating published by Moody’s of the Borrower’s Index Debt.

Xxxxx’x Rating. With respect to any Collateral Obligation, the rating determined pursuant to Schedule 3 hereto.

Xxxxx’x Rating means, with respect to a Reference Obligation, as of any date of determination:

Xxxxx’x Rating means, at any time, the rating issued by Moody’s and then in effect with respect to the Borrower’s public corporate credit rating.

Xxxxx’x Rating means, at any time, the Borrower’s senior unsecured indebtedness rating then most recently announced by Moody’s.