Level IV definition

Level IV and “Level V”: the respective Level set forth below: S&P Moody’s Level I A- or higher A3 or higher Level II BBB+ Baa1 Level III BBB Baa2 Level IV BBB- Baa3 Level V BB+ or lower Ba1 or lower provided that if on any day the Applicable Xxxxx’x Rating and the Applicable S&P Rating do not coincide for any rating category and the Level differential is (x) one level, then the higher of the Applicable S&P Rating or the Applicable Xxxxx’x Rating will be the applicable Level; (y) two levels, the Level at the midpoint will be the applicable Level; and (z) more than two levels, the highest of the intermediate Levels will be the applicable Level; provided further that if on any day, neither the Applicable Xxxxx’x Rating nor the Applicable S&P Rating is available, the applicable Level shall be Level V.

Level IV shall exist at any time the Total Leverage Ratio is greater than or equal to 4.00:1.0 but less than 4.50:1.0.

Level IV means the most serious acts of misconduct, which are so serious, they may require the intervention of outside agencies and/or law enforcement. Health, safety and well-being are seriously threatened by this level of act.

Examples of Level IV in a sentence

• Limited Category for Access Level IV Persons: Access Level IV Persons shall only be required to report the following information in their initial and annual holdings reports: An Independent Board Member of John Hancock Trust must report any Insurance Contracts.

• Broker Letter/Duplicate Confirm Statements Applies to: All Access Levels excluding Access Level IV In accordance with Rule 17j-1(d)(2) under the 1940 Act and Rule 204A-1(b) under the Advisers Act, you are required to report to Code of Ethics Administration each transaction in any reportable security.

• MFC Code of Business Conduct & Ethics Applies to: All Covered Employees excluding Access Level IV Persons The MFC Code of Business Conduct and Ethics (the “MFC Code”) provides standards for ethical behavior when representing the Company and when dealing with employees, field representatives, customers, investors, external suppliers, competitors, government authorities and the public.

• For the avoidance of doubt, the levels on the pricing grid set forth below are set forth from lowest (Level I) to the highest (Level IV).

• Reporting of Gifts, Donations, and Inheritances Applies to: All Access Levels excluding Access Level IV • If you gift or donate shares of a reportable security it is considered a sale and you must notify Code of Ethics Administration of the gift or donation on the date given.

More Definitions of Level IV

Level IV the respective Level set forth below: S&P MOODY'S --- ------- Level I BBB+ or higher Baa1 or higher Level II BBB Baa2 Level III BBB- Baa3 Level IV BB+ or lower Ba1 or lower PROVIDED that if on any day the Ratings of the Rating Agencies do not coincide for any rating category and the Level differential is (x) one level, then the higher Rating will be the applicable Level; (y) two levels, the Level at the midpoint will be the applicable Level; and (z) more than two levels, the higher of the intermediate Levels will be the applicable Level.

Level IV means that the student achieves at an advanced level. Students performing at this level consistently perform in a superior manner clearly beyond that required to be proficient at grade level work.

Level IV shall exist at any time the Leverage Ratio is equal to or less than 2.50:1.0 but greater than 2.00:1.0.

Level IV has the meaning specified in Section 2.09(a)(ii).

Level IV applies on any day if, on such day, the applicable Funded Debt Ratio is equal to or less than 1.00:1.

Level IV means a class of trauma care facility that is characterized by the hospital’s ability to stabilize and provide advanced trauma life support prior to patient transfer.

Level IV applies at any date if, at such date, the Guarantor's Financial Strength Rating is rated A- by S&P. "Level V" applies at any date if, at such date, the Guarantor's Financial Strength Rating is rated BBB+ or less by S&P.