Required Rating. All policies of insurance required by this Agreement shall be issued by companies authorized to do business in the State where the policy is issued and also in the states where any Project of the Borrower or its Subsidiaries is located and having a rating in Best’s Key Rating Guide of at least “A” and a financial size category of at least “X”.
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Required Rating. All policies of insurance required by this Agreement shall be issued by companies authorized to do business in the State where the policy is issued and also in the states where any Project of the insured Borrower or its Subsidiaries is located and having a rating in Best’s Key Rating Guide of at least “A” and a financial size category of at least “X”.
Appears in 1 contract
Sources: Senior Secured Term Loan Agreement (California Coastal Communities Inc)
Required Rating. All policies of insurance required by this Agreement shall be issued by companies authorized to do business in the State where the policy is issued and also in the states where any the Project of the insured Borrower or its Subsidiaries is located and having a rating in Best’s Key Rating Guide of at least “A” and a financial size category of at least “X”.
Appears in 1 contract
Sources: Senior Secured Revolving Credit Agreement (California Coastal Communities Inc)