Level I Status definition

Level I Status exists at any date if, as of the last day of the fiscal quarter of the Borrower referred to in the most recent Financials, the Leverage Ratio is less than 1.00 to 1.00.

Level I Status means, on any date, the circumstance that the Consolidated Total Debt to Consolidated EBITDA Ratio is greater than or equal to 6.00 to 1.00 as of such date.

Level I Status means, subject to the provisions of Schedule 1, the Borrower’s S&P Rating is AA or higher and its Xxxxx’x Rating is Aa2 or higher.

Examples of Level I Status in a sentence

• Medical Leave OTA students who withdraw from the program due to medical reasons and are in good-standing with the program can return the following year with a Re-Application Level I Status.

• Evaluation The evaluation of an employee on Level I Status shall include the following: A minimum of one written evaluation per semester based on supervisory visits by the principal or conference office of education personnel.

• The two board programs, Nursing and Civil Engineering went through the PAASCU pre-survey and were granted Level I Status by FAAP.

• An employee who transfers to a different conference may be changed to Level II or Level I Status at the discretion of the new employing organization.

• Criteria To be eligible for Level I Status the employee must meet the basic conditions of employment (See §4200 - §4206) Granting of Level I Status The granting of Level I Status is a function of the conference board of education.

More Definitions of Level I Status

Level I Status exists at any date if, on such date, the Borrower’s Xxxxx’x Rating is A1 or better or the Borrower’s S&P Rating is A+ or better.

Level I Status exists at any date if, as of the last day of the fiscal quarter of the Borrower referred to in the most recent Financials, the Net Leverage Ratio is less than or equal to 2.00 to 1.00. “Level II Status” exists at any date if, as of the last day of the fiscal quarter of the Borrower referred to in the most recent Financials, (i) the Borrower has not qualified for Level I Status and (ii) the Net Leverage Ratio is less than or equal to 2.50 to 1.00. “Level III Status” exists at any date if, as of the last day of the fiscal quarter of the Borrower referred to in the most recent Financials, (i) the Borrower has not qualified for Level I Status or Level II Status and (ii) the Net Leverage Ratio is less than or equal to 3.00 to 1.00. “Level IV Status” exists at any date if, as of the last day of the fiscal quarter of the Borrower referred to in the most recent Financials, (i) the Borrower has not qualified for Level I Status, Level II Status or Level III Status and (ii) the Net Leverage Ratio is less than or equal to 3.50 to 1.00. “Level V Status” exists at any date if the Borrower has not qualified for Level I Status, Level II Status, Level III Status or Level IV Status.

Level I Status means, on any date, the circumstance that Level II Status does not exist.

Level I Status means, on any date, the circumstance that the Consolidated Total Debt to Consolidated EBITDA Ratio is greater than or equal to 4.50 to 1.00 as of such date.

Level I Status exists at any date if, at such date, the Index Debt is rated either A- or higher by S&P or A3 or higher by Xxxxx’x.

Level I Status exists at any date if, at such date, the Borrower’s Unsecured Long-Term Debt is rated AA- or higher by S&P, Aa3 or higher by Moody’s or AA- or higher by Fitch.

Level I Status means, on any date, the circumstance that neither Level II Status or Level III Status exists and the Consolidated Total Debt to Consolidated EBITDA Ratio is greater than 6.00 to 1.00 as of such date.