Credit Tenant definition

Credit Tenant. The tenant or guarantor under a Credit Tenant Lease with a credit rating of BBB- or better by at least two (2) Rating Agencies.

Credit Tenant means a tenant rated at least Baa3 by Moody's and BBB- by Standard & Poor's, approved by Buyer, under a Credit Lease.

Credit Tenant means any Tenant that has an S&P rating of BBB- or better, a Xxxxx’x rating of Baa3 or better, or a Fitch Rating of BBB- or better or whose lease obligations are fully guaranteed by an entity that has an S&P rating of BBB- or better, a Xxxxx’x rating of Baa3 or better, or a Fitch Rating of BBB- or better.

Examples of Credit Tenant in a sentence

• Disposal of agenda item 2020-24: Accounting and Reporting of Credit Tenant Loans without statutory revisions.

• I understand that if approved for residency all applicants 18 or older must sign the Lease and its attachments as well as the Section 42 Tax Credit Tenant Income Certification, and that I must live in the unit and that unit must be my only place of residence.

• Mortgage loans in scope of SSAP No. 37—Mortgage Loans that qualify under an SVO structural assessment and are identified as SVO-Identified Credit Tenant Loans.

• We classify a tenant as a National Credit Tenant if we could find an above investment grade bond rating for the firm.

• The Municipality reserves the right to reject any or all Proposals or to accept any Proposal should it be deemed in the best interest of the Municipality to so do.

More Definitions of Credit Tenant

Credit Tenant means a tenant under a Space Lease which has a long term unsecured senior debt rating of (a) BBB- or better as issued by Standard & Poor’s or (b) Baa3 or better as issued by Mxxxx’x.

Credit Tenant means any Person which has entered into, and continues to be subject to, a lease of any portion of a Property and has a rating of at least BBB- assigned to its senior long-term debt obligations by S&P or Xxxxx'x. For purposes of this Agreement, Publix Super Markets, Inc. shall be deemed a Credit Tenant.

Credit Tenant means a tenant under a Credit Tenant Lease.

Credit Tenant. The Tenant under a Credit Lease securing a Credit Lease Loan.

Credit Tenant means any Person which has entered into, and continues to be subject to, a lease of any portion of a Property and has a rating of at least BBB- assigned to its senior long-term debt obligations by Standard and Poor's Ratings Services, a Division of the McGraw-Hill Companies, Inc. For purposes of this Agreement, Publix Super Markets, Inc. shall be deemed a Credit Tenant.

Credit Tenant means (a) a tenant whose (or whose parent entity’s) short term unsecured debt obligations or commercial paper or long term unsecured debt obligations are rated BBB- (or its equivalent) or better by S&P or Baa3 (or its equivalent) or better by Xxxxx’x, and, if rated by both S&P and Xxxxx’x, then rated BBB- (or its equivalent) or better by S&P and Baa3 (or its equivalent) or better by Xxxxx’x, or (b) a tenant that is publicly traded (or whose parent entity is publicly traded), whose debt obligations do not exceed 20% of such tenant’s assets (or such parent entity’s assets, as applicable), and has been approved by all the Lenders, in their sole but reasonable discretion.

Credit Tenant means, as of the date of determination, a tenant that has a credit rating of “BBB-” or higher by Standard & Poor’s Rating Services or Fitch Ratings, Inc. or “Baa3” or higher by Xxxxx’x Investors Service, Inc.