Credit Status definition

Credit Status any of Credit Status 1, Credit Status 2, Credit Status 3, Credit Status 4 or Credit Status 5. In determining whether Credit Status 1, Credit Status 2, Credit Status 3, Credit Status 4 or Credit Status 5 shall apply in any circumstance, if the applicable ratings by S&P and ▇▇▇▇▇’▇ differ, the higher of the two ratings will be determinative, unless the applicable ratings by S&P and ▇▇▇▇▇’▇ are more than one level apart, in which case the Credit Status one level above the lower rating will be determinative. In the event that the Borrower’s senior unsecured long-term debt is rated by only one of S&P and ▇▇▇▇▇’▇, then that single rating shall be determinative.
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Credit Status any of Credit Status 1, Credit Status 2, Credit Status 3, Credit Status 4, Credit Status 5 or Credit Status 6. In determining whether Credit Status 1, Credit Status 2, Credit Status 3, Credit Status 4, Credit Status 5 or Credit Status 6 shall apply in any circumstance, if the applicable ratings by S&P and Moody’s differ, the higher of the two ratings will be determinative, unless the applicable ratings by S&P and Moody’s are more than one level apart, in which case the Credit Status one level below the higher rating will be determinative. In the event that Gannett’s senior unsecured long-term debt is rated by only one of S&P and Moody’s, then that single rating shall be determinative.
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Credit Status means the state of a clean heat credit. The following statuses can apply to clean heat credits.
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Examples of Credit Status in a sentence

  • Guarantor shall promptly notify WEPCO of any Insufficient Credit Status relating to Guarantor or any circumstance that results in Seller’s failure to be in compliance with the Seller Performance Security requirements of Article VIII of the PPA.

  • The Customer Account must be “B” coded by changing Credit Status (Item 10 in Customer Maintenance) to “B”.

  • Substantial course changes typically include: TOP code, Course Credit Status, Maximum Units, Minimum Units, Course Basic Skills Status, Course ▇▇▇ priority code, Course Prior to College Level, and Course Noncredit Category.

  • Quarterly Credit Status Update Four conferences per year will be held to review appropriate financial and operating data on each credit Watch List issue.

  • Quarterly Credit Status Update Four conferences per year will be held to review performance and credit analysis.

  • In STOREnet access the Print Credit Status Letters function and print the letters that were generated when the file was uploaded in STOREnet.

  • Transcripts showing completion of the course to earn Dual Credit Status will be submitted to the Superintendent for approval of the stipend by June 30, 2024.

  • Seller shall promptly notify Buyer of any Insufficient Credit Status relating to Seller or to Seller's Guarantor or any circumstance that results in Seller's failure to be in compliance with the Seller Performance Security requirements of this Article VIII.

  • In STOREnet access the print Credit Status Letters function and print the letters that were generated when the file was uploaded into STOREnet.

  • Metric # Product Title Performance Standard Performance Credit Status OR-4-17-1000 Resale & UNE ≥ 95.5% within 2 or 4 Business Days of Provisioning Completion.


More Definitions of Credit Status

Credit Status either of Credit Status 1 or Credit Status 2.
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Credit Status any of Credit Status 1, Credit Status 2, Credit Status 3, Credit Status 4 or Credit Status 5. In determining whether Credit Status 1, Credit Status 2, Credit Status 3, Credit Status 4 or Credit Status 5 shall apply in any circumstance, if the applicable ratings by S&P and ▇▇▇▇▇’▇ differ, the higher of the two ratings will be determinative, unless the applicable ratings by S&P and ▇▇▇▇▇’▇ are more than one level apart, in which case the Credit Status one level above the lower rating will be determinative. In the event that the Borrower’s senior unsecured long-term debt is rated by only one of S&P and ▇▇▇▇▇’▇, then that single rating shall be determinative. “Credit Status 1”: shall exist upon the occurrence of the higher of a rating by S&P of the Borrower’s senior unsecured long-term debt of at least A- or a rating by ▇▇▇▇▇’▇ of the Borrower’s senior unsecured long-term debt of at least A3. “Credit Status 2”: shall exist upon the occurrence of the higher of a rating by S&P of the Borrower’s senior unsecured long-term debt of at least BBB+ but lower than A- or a rating by ▇▇▇▇▇’▇ of the Borrower’s senior unsecured long-term debt of at least Baa1 but lower than A3.
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Credit Status has the meaning assigned to such term in the definition of "Applicable Rate"; provided that, for the avoidance of doubt, once the Borrower achieves a Credit Status, such Credit Status shall apply to the Borrower for the term of this Agreement, regardless of any corporate credit ratings received by the Borrower after receipt of the Initial Corporate Credit Ratings.
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Related to Credit Status

  • Credit Score means a composite numerical score scaled from 0-100 as calculated by PJMSettlement that incorporates various predictors of creditworthiness.

  • Revolving Loan Termination Date means the earlier of (a) the fifth anniversary of the Funding Date and (b) the date of termination in whole of the Aggregate Revolving Loan Commitment pursuant to Section 2.05(a) or Section 9.01 hereof.

  • Bank Credit Facility means any credit agreement or working capital facility among the Company and/or its Subsidiaries and one or more lenders, as such credit agreement or working capital facility may be amended, renewed, extended, substituted, refinanced, restructured, replaced, supplemented or otherwise modified (including with other lenders) from time to time, regardless of whether any other credit agreement or working capital facility or any portion thereof was outstanding or in effect at the time of such amendment, renewal, extension, substitution, refinancing, restructuring, replacement, supplement or modification.

  • Credit Rating Agency means a nationally recognized credit rating agency that evaluates the financial condition of issuers of debt instruments and then assigns a rating that reflects its assessment of the issuer’s ability to make debt payments.

  • Credit Rating means, with respect to any entity, the rating then assigned to such entity’s unsecured, senior long-term debt obligations (not supported by third party credit enhancements) or if such entity does not have a rating for its senior unsecured long-term debt, then the rating then assigned to such entity as an issuer rating by S&P, Moody’s or any other rating agency agreed by the Parties as set forth in the Cover Sheet.