Minimum Credit Rating Sample Clauses

Minimum Credit Rating. A Credit Support Provider must have a credit rating of:
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Minimum Credit Rating in the event that the credit rating of an L/C Issuer falls below the Minimum Credit Rating applicable to it, then the Borrower shall immediately (a) inform the Agent and (b) credit the Debt Service Reserve Account in accordance with clause 8.5;
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Minimum Credit Rating evidence from either Standard and Poors or Fitch on or after the date falling 5 Business Days prior to the Drawdown Date that the Refund Guarantor still maintains the required Minimum Credit Rating;
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Minimum Credit Rating. Agent shall have received satisfactory evidence that the Revolving Loans and Term Loan B are rated BA1/BB or better by Xxxxx’x and S&P, respectively.
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Minimum Credit Rating. If (A) at any time the Credit Rating of an LC Bank is less than the Minimum Credit Rating or (B) if the Credit Rating of an LC Bank is equal to the Minimum Credit Rating for either Xxxxx'x or S&P or, where such credit rating agencies no longer exist, credit ratings of equivalent prime credit rating agencies acceptable to the Lessor ("alternative rating agencies") but that LC Bank is placed on credit watch with negative implications by either Xxxxx'x or S&P or, as the case may be, alternative rating agencies, or (C) if at any time an LC Bank is not or ceases to be rated by either Xxxxx'x or S&P or, as the case may be, alternative rating agencies, PPC shall, within twenty (20) Banking Days of written notice from the Lessor either:
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Minimum Credit Rating. The securities will have a minimum rating by Moodys and S&P the same as or higher than RBS equivalent debt capital securities. Optional redemption date Tax change and regulatory change, subject to approval of regulator. Optional Issuance: Aurora is under no obligation to issue this instrument. *** Indicates omission of material, which has been separately filed, pursuant to a request for confidential treatment. Schedule 11 Operation of ID&J India The purpose of this Schedule is to document the allocation of the ID&JG business conducted by RBS NV in India to the State and the intention of the State for such business to be transferred to ABN AMRO Bank, subject to all regulatory approvals needed to establish a branch and obtain local licences in India and to complete all such other arrangements as are necessary (including technical separation) to acquire the ID&JG business in India from RBS NV. Such requirements for licenses and arrangements for ABN AMRO Bank to acquire the ID&JG Business in India from RBS NV being hereinafter referred to as the “Acquisition Requirements”. In this Schedule, “parties” means RBS, the State and the Company. Santander shall have no obligation arising out of or in respect of this Schedule. However, upon the reasonable request by RBS and the State, Santander shall take such action is required to give effect to this Schedule. Until ABN AMRO Bank has completed the Acquisition Requirements, the parties have agreed to put in place arrangements to enable the ID&JG business in India to continue to operate as part of RBS NV while protecting all commercial, legal and regulatory interests of ABN AMRO Bank in the ID&JG business in India, subject to the terms of this Schedule.
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Minimum Credit Rating. The Agent shall have received, in form and substance reasonably satisfactory to it, evidence that the Borrower has received senior secured credit ratings of not less than (i) B2 (stable) from Xxxxx’x and B+ (stable) from S&P respectively or (ii) B1 (stable) from Xxxxx’x and B (stable) from S&P.
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Minimum Credit Rating. Agent shall have received satisfactory evidence that the corporate family rating and the corporate credit rating, as applicable, with respect to the Credit Parties is Ba3/BB- (or better) and has a stable outlook as reported by Xxxxx’x and S&P, respectively.
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Minimum Credit Rating. At all times during the Term of this Agreement, Shipper shall either (a) maintain credit ratings that are no lower than any of the minimum credit ratings set forth below, or (b) maintain in place a guarantee in favor of CCPS, in form and substance acceptable to CCPS in its sole discretion, from a guarantor that maintains credit ratings that are no lower than any of the minimum credit ratings set forth below (the “Guarantee”): Agency Minimum Credit Rating Xxxxx'x Investor Services Baa3 Standard & Poor's BBB- Dominion Bond Rating Service BBB(low)
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Related to Minimum Credit Rating

  • Credit Rating With respect to the Competitive Supplier or Competitive Supplier’s Guarantor, its senior unsecured, unsubordinated long-term debt rating, not supported by third party credit enhancement, and if such debt is no longer rated, then the corporate or long-term issuer rating of Competitive Supplier or Competitive Supplier’s Guarantor.

  • Credit Ratings Use commercially reasonable efforts to maintain at all times (a) a credit rating by each of S&P and Xxxxx’x in respect of the Term Facility and (b) a public corporate rating by S&P and a public corporate family rating by Xxxxx’x for the Borrower, in each case with no requirement to maintain any specific minimum rating.

  • Minimum Current Ratio Permit the Current Ratio at the end of any fiscal quarter to be less than 1.00 to 1.00.

  • Minimum Commitment If for a certain Service a minimum commitment has been determined in the Agreement, the Customer guarantees to respect the minimum commitment described in the Agreement during the entire period of the Agreement. If the Customer does not respect this minimum commitment, the Customer shall pay the compensation mentioned in the Agreement. If no compensation has been mentioned in the Agreement, the Customer has to pay the applicable Charges for the respective Service, or the average of the applicable Charges if different Charges are applied for the respective Service, per missing number of its minimum commitment. Services that are timely cancelled by the Customer or Services for which the Customer has paid a cancellation fee , do not, even not partly, release the Customer from its obligation to respect the minimum commitment . Services cancelled as due to Force Majeure and Services cancelled by Lineas for other reasons than Force Majeure, will be considered as a Services ordered and paid for by the Customer. Services cancelled by the Customer or by Lineas because of holidays do not, even not partly, release the Customer from its obligation to respect its minimum commitment.

  • Minimum Excess Availability Borrower shall have Excess Availability under the Revolving Credit Loans facility of not less than the amount specified in the Schedule, after giving effect to the initial advance hereunder and after giving effect to any applicable Loan Reserves against borrowing availability under the Revolving Credit Loans.

  • Liquidity Ratio A Liquidity Ratio of at least 1.50 to 1.00.

  • Minimum Availability Borrower shall have minimum availability immediately following the initial funding in the amount set forth on the Schedule.

  • Maximum Credit Patheon's liability for Active Materials calculated in accordance with this Section 2.2 for any Product in a Year will not exceed, in the aggregate, the Maximum Credit Value set forth in Schedule D to a Product Agreement.

  • Debt Rating The Liquidity Provider has a short-term debt ratings of “P-1” from Xxxxx’x and “F1+” from Fitch.

  • Maximum Leverage Permit, as of any fiscal quarter end, the ratio of (a) Adjusted Portfolio Equity as of such fiscal quarter end to (b) Funded Debt as of such fiscal quarter end, to be less than 5.00 to 1.00.

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