Moodx'x Xxxing definition

Moodx'x Xxxing means, at any time, the rating issued by Moodx'x Xxxestors Service, Inc. and then in effect with respect to the Company's senior unsecured long-term debt securities without third-party credit enhancement.

Moodx'x Xxxing means, as of any date of determination thereof, the rating most recently published by Moody's relating to the unsecured, unguaranteed senior long-term debt securities of the Company then outstanding.

Moodx'x Xxxing means the actual rating level assigned by Moody's to the Company's senior unsecured long-term public debt.

Examples of Moodx'x Xxxing in a sentence

• In the event of a split Rating (i.e. the Moodx'x Xxxing and the S&P Rating fall into different Levels in the above grid), the lower Rating shall prevail.

• In the event neither a Moodx'x Xxxing nor a S&P Rating is in effect, Level V pricing shall prevail unless otherwise agreed by the Required Banks.

• Any change in the Borrower's Moodx'x Xxxing or S&P Rating (and in any fees or interest payable hereunder based on such Ratings) shall be effective as of the date on which Moodx'x xx S&P, as the case may be, announces the applicable change in such Rating.

• Except as Landlord may approve in writing before issuance of such policy, all policies which Tenant shall obtain hereunder shall be issued by companies with "AAA" rating by either Moodx'x Xxxing Service or Standard & Poor's Rating Service and general policy rating of at least A in Best Insurance Guide's then most current issue.

• As of the date hereof the Guarantor has a Moodx'x Xxxing of not less than Aa3 and an S&P Rating of not less than AA-.

More Definitions of Moodx'x Xxxing

Moodx'x Xxxing means the rating assigned by Moodx'x Xxxestors Service, Inc. and any successor thereto that is a nationally recognized rating agency to the outstanding senior unsecured non-credit enhanced long-term debt obligations of a Person (or if neither Moodx'x Xxxestors Service, Inc. nor any such successor shall be in the business of rating long-term indebtedness, a nationally recognized rating agency in the U.S. as mutually agreed between the Required Banks and Holdings). Any reference in this Agreement to any specific rating is a reference to such rating as currently defined by Moodx'x Xxxestors Service, Inc. (or such a successor) and shall be deemed to refer to the equivalent rating if such rating system changes.

Moodx'x Xxxing means the most recently-announced actual or implied rating from time to time of Moody's assigned to any class of long-term senior, unsecured debt securities issued by the Trust, as to which no letter of credit, guaranty, or third party credit support is in place, regardless of whether all or any part of such Indebtedness has been issued at the time such rating was issued.

Moodx'x Xxxing means at any time the rating assigned by Moodx'x Xxxestors Service, Inc. to the claims paying ability of the Company.

Moodx'x Xxxing for any day, the rating of the Borrower's senior unsecured, non-credit-enhanced debt by Moody's in effect at 9:00 A.M., New York City time, on such day; provided, that if such debt of the Borrower shall not be rated by such rating agency, such Rating shall be such rating agency's counterparty or similar rating specifically assigned by such rating agency to the Borrower. If Moody's shall have changed its system of classifications after the date hereof, the Moodx'x Xxxing shall be considered to be at or above a specified level if it is at or above the new rating which most closely corresponds to the specified level under the old rating system.

Moodx'x Xxxing has the meaning set forth in the definition of Applicable Margin.

Moodx'x Xxxing means, at any time, (a) with respect to Nationwide Mutual and Nationwide Life, the financial strength rating issued by Moodx'x xxx then in effect with respect to such Person, and (b) with respect to NFS, the rating issued by Moodx'x xxx then in effect with respect to NFS's senior unsecured long-term debt securities without third-party credit enhancement.

Moodx'x Xxxing means the rating assigned to the Borrower's senior unsecured long term debt by Moodx'x, xx in the event the Borrower has no Moodx'x-xxxed senior unsecured long-term debt outstanding, the "hypothetical senior long-term debt rating" most recently assigned to the Borrower by Moodx'x, xxich assignment shall have been made not more than fifteen months prior to the time in question and not more than ninety (90) days after a request therefor by the Required Lenders pursuant to Section 5.14 hereof.