Common use of Eligible Interest Rate Hedge Counterparty Clause in Contracts

Eligible Interest Rate Hedge Counterparty. One of the following: (a) any Lender or any Affiliate of a Lender, (b) any bank that has a short-term unsecured debt rating of at least “A-1” by Standard & Poor’s and “P-1” by Moody’s (or their equivalent) and a long-term unsecured debt rating of at least “A+” by Standard & Poor’s and “A2” by Moody’s (or their equivalent) or (c) any other Person acceptable to the Required Lenders. Eligible Investments. One or more of the following:

Appears in 2 contracts

Samples: Credit Agreement (SeaCube Container Leasing Ltd.), Credit Agreement (SeaCube Container Leasing Ltd.)

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Eligible Interest Rate Hedge Counterparty. One of the following: (a) any Lender or any Affiliate of a Lender, (b) any bank that has a short-term unsecured debt rating of at least “A-1” by Standard & Poor’s and “P-1” by Moody’s (or their equivalent) and a long-term unsecured debt rating of at least “A+” by Standard & Poor’s and “A2” by Moody’s (or their equivalent) or (cb) any other Person acceptable to the Required Lenders. Eligible Investments. One or more Requisite Global Majority with the prior satisfaction of the following:Rating Agency Condition.

Appears in 2 contracts

Samples: Director Services Agreement (SeaCube Container Leasing Ltd.), Indenture (Seacastle Inc.)

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Eligible Interest Rate Hedge Counterparty. One of the following: (a) any Lender or any Affiliate of a Lender, (b) any bank that has a short-term unsecured debt rating of at least “A-1” by Standard & Poor’s and “P-1” by Moody’s (or their equivalent) and a long-term unsecured debt rating of at least “A+” by Standard & Poor’s and “A2” by Moody’s (or their equivalent) or (cb) any other Person acceptable to the Required Lenders. Eligible Investments. One or more Lender with the prior satisfaction of the following:Rating Agency Condition.

Appears in 1 contract

Samples: Credit Agreement (Seacastle Inc.)

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