Define: Applicable Debt Rating

What does "Applicable Debt Rating" mean? The meaning differs based on the contract. We found 3 definitions across 1 company in SEC filings.

Definition 1 (AMERICAN TOWER CORP /MA/, seen in 1 filing)

Applicable Debt Rating means the highest Debt Rating received from any of S&P, Moody's and Fitch; provided that if the lowest Debt Rating received from any such rating agency is two or more rating levels below the highest Debt Rating received from any such rating agent, the Applicable Debt Rating shall be the level that is one level below the highest of such Debt Ratings; provided, however, that if two ratings are at the same highest level, the Applicable Debt Rating shall be the highest level.

Source: AMERICAN TOWER CORP /MA/ 10-K

Definition 2 (AMERICAN TOWER CORP /MA/, seen in 1 filing)

Applicable Debt Rating means the highest Debt Rating received from any of S&P, Moody’s and Fitch; provided that if the lowest Debt Rating received from any such rating agency is two or more rating levels below the highest Debt Rating received from any such rating agency, the Applicable Debt Rating shall be the level that is one level below the highest of such Debt Ratings; provided, however, that if two ratings are at the same highest level, the Applicable Debt Rating shall be the highest level.

Source: AMERICAN TOWER CORP /MA/ 10-K

Definition 3 (AMERICAN TOWER CORP /MA/, seen in 1 filing)

Applicable Debt Rating means the highest Debt Rating received from any of S&P, Moody s and Fitch; provided that if the lowest Debt Rating received from any such rating agency is two or more rating levels below the highest Debt Rating received from any such rating agency, the Applicable Debt Rating shall be the level that is one level below the highest of such Debt Ratings; provided, however, that if two ratings are at the same highest level, the Applicable Debt Rating shall be the highest level.

Source: AMERICAN TOWER CORP /MA/ 10-K

Data extracted from 3 SEC EDGAR filings across 1 company. Source: Material contracts (Exhibit 10) filed under Regulation S-K.

This page presents definitions found in actual SEC filings for informational purposes. The specific definition appropriate for your contract may vary based on jurisdiction, industry, and specific circumstances. Consult with a qualified attorney for legal advice.

Occurrences: 3
Companies: 1
Keywords:
Applicable Debt Ratingdefinitioncontract languagelegal termSEC filing

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