Level I Pricing definition

Level I Pricing applies on any day on which the Borrower’s long-term debt is rated A+ or higher by S&P or A1 or higher by Moody’s.

Level I Pricing applies at any date if, at such date, Whirlpool’s senior unsecured long-term debt is rated A- or higher by S&P or A3 or higher by Moody’s. Level II Pricing” applies at any date if, at such date, (i) Whirlpool’s senior unsecured long-term debt is rated BBB+ or higher by S&P or Baa1 or higher by Moody’s and (ii) Level I Pricing does not apply.

Level I Pricing means the pricing during any period during which the Company's long-term senior unsecured debt is rated AA or higher by S&P or Aa2 or higher by Moody's.

Examples of Level I Pricing in a sentence

• Financial instruments measured and reported at fair value are classified and disclosed based on the observability of inputs used in the determination of fair values, as follows: Level I Pricing inputs are unadjusted, quoted prices in active markets for identical assets or liabilities as of the measurement date.

• In the coming year, PAS(CMA)8 will take part in working level discussions with the Central and relevant provincial and municipal governments to thrash out the detailed arrangements for setting up the Wuhan ETO, including its roles and functions and work facilitation arrangements.

• Pricing Level" means, for any Pricing Period, Pricing Level I, Pricing Level II, Pricing Level III, Pricing Level IV, Pricing Level V, Pricing Level VI, or Pricing Level VII, asmay be in effect for such Pricing Period; provided that, the Default Rate shall be in effect upon the occurrence and during the continuation of any Event of Default.

• Pricing Level I Pricing Level II Pricing Level III Pricing Level IV Pricing Level V ³ BBB+/ Baa1/BBB+ BBB/ Xxx0/XXX XXX-/ Xxx0/XXX- XX+/ Xx0/XX+ £BB/ Ba2/BB 3-Year Tranche 0.125% 0.150% 0.200% 0.250% 0.350% 5-Year Tranche 0.150% 0.200% 0.250% 0.300% 0.400% The foregoing pricing shall be based on the Public Debt Ratings.

• LEVEL IV PRICING applies at any date if (i) the Applicable Leverage Ratio is greater than or equal to 0.30 and (ii) neither Level I Pricing, Level II Pricing nor Level III Pricing applies.

More Definitions of Level I Pricing

Level I Pricing applies on any day if on such day the Company’s unsecured long-term debt securities are rated A+ or higher by S&P or A1 or higher by Moody’s.

Level I Pricing applies if the Debt Rating at the most recent Performance Pricing Determination Date was equal to or better than A+ or A1.

Level I Pricing applies at any date, if at such date, the Borrower’s long-term debt is rated BBB+ by S&P or Baa1 by Xxxxx’x.

Level I Pricing applies from (a) (i) the Closing Date and (ii) any date on which no other Pricing Level is applicable until (b) the next subsequent Adjustment Date on which another Pricing Level be- comes applicable.

Level I Pricing applies for any day on which the Pricing Category is I; “Level II Pricing” applies for any day on which the Pricing Category is II; “Level III Pricing” applies for any day on which the Pricing Category is III; “Level IV Pricing” applies for any day on which the Pricing Category is IV; and “Level V Pricing” applies for any day on which the Pricing Category is V.

Level I Pricing applies at any date if, at such date, (a) the Borrower's long-term senior unsecured debt is rated at least BBB by S&P or Baa2 by Moody's,* or (b) the Consolidated Leverage Ratio, as shown in the most recent financial statements delivered pursuant to Section 5.1(a) or (b), is less than 2.25. "Level II Pricing" applies at any date if, at such date, Level I is not applicable, and (a) the Borrower's long-term senior unsecured debt is rated at least BBB- by S&P and Baa3 by Moody's, or (b) the Consolidated Leverage Ratio, as shown in the most recent financial statements delivered pursuant to Section 5.1(a) or (b), is less than 2.50. "Level III Pricing" applies at any date if, at such date, neither Level I Pricing nor Level II Pricing applies.

Level I Pricing applies on any day on which the Reference Rating is BBB/Baa2/BBB or higher.