Performance Level IV definition

Performance Level IV means, at any date of determination, (a) that the Performance Level does not meet the requirements of Performance Level I, Performance Level II or Performance Level III 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 Baa3 by Moody’s.
Performance Level IV means, at any date of determination, that the Performance Level does not meet the requirements of Performance Level I, Performance Level II or Performance Level III.
Performance Level IV means, at any date of determination, that (a) the Performance Level does not meet the requirements of Performance Level I, Performance Level II or Performance Level III and (b) Fox Kids and its Subsidiaries shall have maintained a Leverage Ratio of less than 4.50:1 for the most recently completed Measurement Period prior to such date.

Examples of Performance Level IV in a sentence

  • Performance Level IV -- Superior: Participants performing at this level would be rated in the range of 90% to 100%.

  • Performance Level IV -------------------- This level includes far-reaching results from objectives which contribute large profit improvement and/or organizational enhancement.


More Definitions of Performance Level IV

Performance Level IV means, at any date of determination,
Performance Level IV 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, Performance Level II or Performance Level III and (b) the U.S. Borrower and its Restricted Subsidiaries shall have maintained a Leverage Ratio of less than 4.75:1.00 for the most recently completed Measurement Period prior to such date.
Performance Level IV 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 A3 by Moody's.
Performance Level IV 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, Performance Level II or Performance Level III and (b) the U.S. Borrower and its Restricted Subsidiaries shall have maintained a Leverage Ratio of less than 4.75:1.00 for the most recently completed Measurement Period prior to such date. "PERFORMANCE LEVEL V" 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, Performance Level II, Performance Level III or Performance Level IV and (b) the U.S. Borrower and its Restricted Subsidiaries shall have maintained a Leverage Ratio of less than 5.25:1.00 for the most recently completed Measurement Period prior to such date.
Performance Level IV means, at any date of determination, that Holdings and its Subsidiaries shall have maintained a Total Leverage Ratio of greater than 2.50:1.0 but equal to or less than 3.25:1.0 for the most recently completed Measurement Period prior to such date.
Performance Level IV means, at any date of determination, that (a) the Performance Level does not meet the requirements of Performance Level I, Performance Level II or Performance Level III and (b) the Parent Guarantor and its Subsidiaries shall have maintained a Senior Leverage Ratio of less than 3.50:1 as of the last day of the most recently completed Measurement Period prior to such date.
Performance Level IV means, at any date of determination, that (a) the Performance Level does not meet the requirements of Performance Level I, Performance Level II or Performance Level III and (b) Holdings and its Subsidiaries shall have maintained a Senior Leverage Ratio of less than [*] for the most recently completed Measurement Period prior to such date.