Absence of Rating Sample Clauses


Absence of Rating. In the event that XL Insurance (Bermuda), XL Re or XL Re Europe ceases to receive a financial strength rating from A.M. Best & Co. (or its successor), such Account Party shall no longer be entitled to request the issuance of further Letters of Credit hereunder.


Absence of Rating. In the event that XL Bermuda ceases to receive a financial strength rating from A.M. Best & Co. (or its successor), XL Bermuda shall no longer be entitled to request the issuance of further Letters of Credit hereunder.