Common use of Financial Strength Ratings Clause in Contracts

Financial Strength Ratings. Each Designated Subsidiary Borrower (other than ACUS and any such Borrower whose principal business is mortgage insurance) will maintain at all times a Financial Strength Rating of at least “B++” by A.M. Best Company, Inc. or “BBB+” from S&P; provided that any Designated Subsidiary Borrower that is a Regulated Insurance Company acquired or created after the Closing Date shall not be required to comply with this Section 6.09 until the date occurring 180 days after the date of such acquisition or creation.

Financial Strength Ratings. Each Borrower shall cause each Designated Subsidiary Borrower (other than ACUS and any such Borrower whose principal business is mortgage insuranceACUS) will to maintain at all times a Financial Strength Rating of at least “B++” by A.M. Best Company, Inc. or “BBB+” from S&P; provided that any Designated Subsidiary Borrower that is a Regulated Insurance Company acquired or created after the Closing Date shall not be required to comply with this Section 6.09 6.10 until the date occurring 180 days after the date of such acquisition or creation.