Spread shall be determined by reference to the level that is one level above such lower rating; (d) if any rating established by S&P or Moodys shall be changed, such change shall be effective as of the date on which such change is first announced publicly by the rating agency making such change; and (e) if S&P or Moodys shall change the basis on which ratings are established, each reference to the Public Debt Rating announced by S&P or Moodys, as the case may be, shall refer to the then equivalent rating by S&P or Moodys, as the case may be.
Ratable Share of any amount means, with respect to any Lender at any time, the product of (a) a fraction the numerator of which is the amount of such Lenders Commitment at such time and the denominator of which is the aggregate Commitments at such time and (b) such amount.
Rating Condition has the meaning specified in Section 2.06(c)(ii).
Rating Condition Notice has the meaning specified in Section 2.06(c)(ii).
Register has the meaning specified in Section 9.06(c).
Related Parties means, with respect to any Person, such Persons Affiliates and the partners, directors, officers, employees, agents and advisors of such Person and of such Persons Affiliates.
Relevant Rate means, with respect to any Borrowing denominated in (a) Dollars, Term SOFR and (b) Euros, EURIBOR, as applicable.
Rescindable Amount has the meaning specified in Section 2.13(e).
Resolution Authority means an EEA Resolution Authority or, with respect to any UK Financial Institution, a UK Resolution Authority.
Restricted Property means (a) any property of the Company located within the United States of America that, in the opinion of the Companys board of directors, is a principal manufacturing property or (b) any shares of capital stock or Debt of any Subsidiary owning any such property.
Sanctioned Country means, at any time, a country, region or territory which is the target of any comprehensive (but not list based) Sanctions that broadly prohibit dealings with such country, region or territory (as of the date of this Agreement, Cuba, Iran, North Korea, Syria, the Crimea, the so-called Donetsk Peoples Republic and the so-called Luhansk Peoples Republic regions of Ukraine).
Sanctioned Person means, at any time, (a) any Person listed in any Sanctions-related list of designated Persons maintained by the Office of Foreign Assets Control of the U.S. Department of the Treasury or by the United Nations Security Council, Her Majestys Treasury of the United Kingdom, Canada, the European Union or any EU member state, (b) any Person located, organized or resident in a Sanctioned Country to the extent such Person is subject to Sanctions or (c) any Person controlled or more than 50 percent owned by any such Person.