Corporate Credit Rating definition

Corporate Credit Rating means, as of any date, the rating that has been most recently announced by either S&P or Xxxxx’x, as the case may be, as the “corporate rating” or “corporate family rating” of Rayonier.

Corporate Credit Rating means, as of any date, the rating that has been most recently announced by either S&P or Xxxxx'x, as the case may be, as the “corporate rating” or “corporate family rating” of Rayonier. For purposes of the foregoing, (i) if neither S&P nor Xxxxx'x shall have in effect a Corporate Credit Rating, the Applicable Margin and the Facility Fee will be set in accordance with Level 6 under the definitions of such terms; (ii) 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 (iii) if S&P or Xxxxx'x shall change the basis on which ratings are established, each reference to the Corporate Credit 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.

Corporate Credit Rating means a rating of the Company or of the Person which acquires control of the Company as a result of a Change in Control if such Person has become an obligor under or guarantor of the Notes pursuant to documentation reasonably satisfactory to the Required Holders, of at least Investment Grade.

Examples of Corporate Credit Rating in a sentence

• Credit RatingsStandard & Poors Corporate Credit Rating: These credit ratings may not reflect the potential impact of risks relating to the structure or trading of the Company’s securities and are provided solely for informational purposes.

• Credit RatingsStandard & Poors Corporate Credit Rating: BBB(Positive Outlook)Preferred Stock: BB+ Moody's Issuer Rating: Baa2(Stable Outlook)Preferred Stock: Baa3 Fitch Issuer Default Rating: BBB(Stable Outlook)Preferred Stock: BB+ These credit ratings may not reflect the potential impact of risks relating to the structure or trading of the company’s securities and are provided solely for informational purposes.

• Credit RatingsStandard & Poors Corporate Credit Rating: BBB(Stable Outlook)Preferred Stock: BB+ Moody's Issuer Rating: Baa2(Stable Outlook)Preferred Stock: Baa3 Fitch Issuer Default Rating: BBB(Stable Outlook)Preferred Stock: BB+ These credit ratings may not reflect the potential impact of risks relating to the structure or trading of the company’s securities and are provided solely for informational purposes.

• Credit Ratings Standard & Poors Corporate Credit Rating: BBB(Positive Outlook)Preferred Stock: BB+ Moody's Issuer Rating: Baa2(Stable Outlook)Preferred Stock: Baa3 Fitch Issuer Default Rating: BBB(Stable Outlook)Preferred Stock: BB+ These credit ratings may not reflect the potential impact of risks relating to the structure or trading of the company’s securities and are provided solely for informational purposes.

• If Buyer’s Corporate Credit Rating drops to *** or below, or liquidity (defined as cash on hand, plus unused credit facilities, including then existing factoring) level drops below $***, then Daramic has the right to request credit enhancement reasonably acceptable to Daramic.

More Definitions of Corporate Credit Rating

Corporate Credit Rating means a rating of the Issuer of at least Investment Grade.

Corporate Credit Rating is defined in Section 8.3(g).

Corporate Credit Rating has the meaning set forth in the definition of "Applicable Rate."

Corporate Credit Rating means the corporate credit rating assigned from time to time to the Issuer by S&P, representing the highest rating that S&P may assign to any unsecured obligation of any member of the Issuer Group, and being on the Issue Date, BBB.

Corporate Credit Rating means, as of any date, the rating that has been most recently announced by either S&P or Moody's, as the case may be, as the “corporate rating” or “corporate family rating” of Rayonier. For purposes of the foregoing, (i) if neither S&P nor Moody's shall have in effect a Corporate Credit Rating, the Applicable Margin and the Facility Fee will be set in accordance with Level 6 under the definitions of such terms; (ii) if any rating established by S&P or Moody's 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 (iii) if S&P or Moody's shall change the basis on which ratings are established, each reference to the Corporate Credit Rating announced by S&P or Moody's, as the case may be, shall refer to the then equivalent rating by S&P or Moody's, as the case may be.

Corporate Credit Rating means, as of any date of determination, the rating as determined by either S&P or Moody’s of the Borrower’s non-credit-enhanced, senior unsecured long term debt.

Corporate Credit Rating means S&P's "corporate credit ----------------------- rating", which rating (i) is S&P's most widely known rating product, (ii) describes a company's overall creditworthiness, (iii) applies to all of such Company's senior unsecured debt obligations, whether short-term or long-term, without the benefit of any third-party credit enhancement (including, without limitation, the Loans under this Agreement) and (iv) is currently denoted by the symbols "AAA", "AA", "A", "BBB", "BB" and the like.