Common use of Financial Strength Rating Clause in Contracts

Financial Strength Rating. The Borrower shall have a Counterparty Risk Rating of at least “A” by S&P (or an equivalent rating by Xxxxx’x or Fitch). The Ceding Company shall have an Insurer Financial Strength Rating of at least “A” by S&P (or an equivalent rating by Xxxxx’x or Fitch).

Appears in 9 contracts

Samples: Reimbursement Agreement (Protective Life Insurance Co), Reimbursement Agreement (Protective Life Corp), Reimbursement Agreement (Protective Life Corp)

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Financial Strength Rating. The Borrower shall have a Counterparty Risk Rating of at least “A” by S&P (or an equivalent rating by Xxxxx’x Mxxxx’x or Fitch). The Ceding Company shall have an Insurer Financial Strength Rating of at least “A” by S&P (or an equivalent rating by Xxxxx’x Mxxxx’x or Fitch).

Appears in 1 contract

Samples: Reimbursement Agreement (Protective Life Insurance Co)

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