Performance Level III means, at any date of determination, (a) that the Performance Level does not meet the requirements of Performance Level I or Performance Level II and (b) that the Company shall have a Company Debt Rating in effect on such date of at least BBB by S&P or at least Baa2 by Moody's.
Performance Level III means, at any date of determination, that (a) the Performance Level does not meet the requirements of Performance Level I or Performance Level II and (b) the Borrower and its Subsidiaries shall have maintained for the most recently completed four consecutive fiscal quarters of the Borrower and its Subsidiaries prior to such date (i) an Interest Coverage Ratio of greater than or equal to 3.0 to 1 and (ii) a Leverage Ratio of less than or equal to 3.0 to 1.
Performance Level III means, at any date of determination, (a) that the Performance Level does not meet the requirements of Performance Level I or Performance Level II and (b) that the Borrower shall have a Borrower Debt Rating in effect on such date of at least BBB by S&P, or at least Baa2 by Moody’s.
Examples of Performance Level III in a sentence
Performance Level III --------------------- This level includes significant results from objectives which contribute profit improvement and/or organizational enhancement.
Performance Level III -- Exceptional: Participants performing at this level would be rated in the range of 75% to 89%.
More Definitions of Performance Level III
Performance Level III means, at any date of determination, that (a) the Performance Level does not meet the requirements of Performance Level I or Performance Level II and (b) Fox Kids and its Subsidiaries shall have maintained a Leverage Ratio of less than 4.00:1 for the most recently completed Measurement Period prior to such date.
Performance Level III means, at any date of determination, that (a) the Leverage Ratio of the U.S. Borrower and its Restricted Subsidiaries does not meet the requirements for Performance Level I or Performance Level II and (b) the U.S. Borrower and its Restricted Subsidiaries shall have maintained a Leverage Ratio of less than 4.25:1.00 for the most recently completed Measurement Period prior to such date.
Performance Level III means, at any date of determination,
Performance Level III means, at any date of determination, that the Performance Level does not meet the requirements of Performance Level I or Performance Level II.
Performance Level III means that level of financial performance of the Company, on a consolidated basis, in effect on any given date at which the long term, senior unsecured, non-credit enhanced indebtedness of the Company is rated A by S&P or A2 by Moody's.
Performance Level III means, at any date of determination, that Holdings and its Subsidiaries shall have maintained a Total Leverage Ratio of greater than 3.25:1.0 but equal to or less than 4.00:1.0 for the most recently completed Measurement Period prior to such date.
Performance Level III means, at any date xx xxtermination, (a) the Performance Level does not meet the requirements of Performance Level I or Performance Level II and (b) the non-credit enhanced long-term senior unsecured public debt of the Company shall have a Public Debt Rating in effect on such date of at least BBB by S&P or at least Baa2 by Moody's.