Applicable Ratings means, with respect to S&P or Moody’s, the Senior Unsecured Rating established by such rating agency.
Applicable Ratings means, with respect to any entity and the Rating Agency, at the time of such measurement, the higher of (x) the ratings assigned by such Rating Agency with respect to long term or short term, as applicable, senior unsecured debt of such entity or (y) the ratings assigned by such Rating Agency with respect to the long term or short term, as applicable, senior unsecured debt of any Credit Support Provider of such entity.
Applicable Ratings means at any time the credit ratings at such time by the Rating Agencies of the Index Debt.
Examples of Applicable Ratings in a sentence
Use commercially reasonable efforts to cause at all times Applicable Ratings to be in effect.
With respect to El Paso, use commercially reasonable efforts to cause at all times Applicable Ratings to be in effect.
The Administrative Agent shall have received a certificate executed by a Responsible Officer of the Borrower as of the Second Amendment Effective Date stating the Applicable Ratings in effect on the Second Amendment Effective Date.
As of the Effective Date of this Agreement, the Exposure Limit is defined as the lesser of the limit for the THE REINSURER and the limit for the ultimate parent of THE REINSURER, which are determined as follows: Y-UL/VUL II – 2005 – RGA - PICA Exposure Limit for THE REINSURER Higher of the Following Applicable Ratings Lesser of the Following Amounts S&P Rating Mxxxx’x Rating Max.
More Definitions of Applicable Ratings
Applicable Ratings means, with respect to Moody’s, S&P or Fitch, a rating by such rating agency of the Company’s senior unsecured non-credit enhanced long-term indebtedness for borrowed money.
Applicable Ratings means, with respect to Xxxxx’x, S&P or Fitch, a rating by such rating agency of the Company’s senior unsecured non-credit enhanced long-term indebtedness for borrowed money.
Applicable Ratings means, with respect to any Rating Agency at any time, (a) the Facility Rating assigned by such Rating Agency, (b) if such Rating Agency shall not have in effect a Facility Rating, the Index Rating assigned by such Rating Agency or (c) if such Rating Agency shall not have in effect either a Facility Rating or an Index Rating, the Corporate Rating assigned by such Rating Agency.
Applicable Ratings means, with respect to Xxxxx’x, S&P or Fitch, (a) the Senior Unsecured Rating of such rating agency and (b) if and only if such rating agency does not have in effect a Senior Unsecured Rating, the Corporate Rating of such rating agency.
Applicable Ratings means, with respect to Xxxxx’x, S&P or Fitch, a rating by such rating agency of the Company’s senior unsecured non-credit enhanced long-term indebtedness for borrowed money. “Approved Fund” means any Person (other than a natural person) that is engaged in making, purchasing, holding or investing in commercial loans and similar extensions of credit in the ordinary course of its activities and that is administered or managed by (a) a Lender, (b) an Affiliate of a Lender or (c) an entity or an Affiliate of an entity that administers or manages a Lender. “Approved Netherlands Borrower” means a wholly owned Subsidiary of the Company organized under the laws of the Netherlands and approved in writing by the Administrative Agent (such approval not to be unreasonably withheld, delayed or conditioned), in respect of which all of the requirements set forth in Section 2.22 shall have been satisfied. “Arrangers” means Xxxxxxx Xxxxx Bank USA, HSBC Bank USA, N.A., JPMorgan Chase Bank, N.A., Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Incorporated (or any other registered broker-dealer wholly owned by Bank of America Corporation to which all or substantially all of Bank of America Corporation’s or any of its subsidiaries’ investment banking, commercial lending services or related businesses may be transferred following the date of this Agreement), PNC Capital Markets LLC and TD Securities (USA) LLC, in their capacities as the joint lead arrangers and joint bookrunners for the Revolving Facility, the Refinancing Term Facility, the Delayed Draw Term Facility and, in the case of Xxxxxxx Xxxxx, the Bridge Facility. “Assignment and Assumption” means an assignment and assumption entered into by a Xxxxxx and an Eligible Assignee, with the consent of any Person whose [[3851767]]