Acceptable Assignee definition

Acceptable Assignee means proposed assignee:

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Acceptable Assignee shall have the meaning given to such term in Section 22.7(c) of the Facility Lease.

Acceptable Assignee means:- (a) An Entity which has (or whose obligations will be guaranteed by an Entity which has) continuously for a period of 12 months immediately preceding the date of the application to assign maintained and which on the date of the application for licence to assign this Lease still maintains:- (i) in respect of its senior unsecured unsubordinated and unguaranteed long term debt obligations a credit rating of A or better from Standard & Poor's Ratings Group, a division of ▇▇▇▇▇▇-▇▇▇▇ Inc ("Standard & Poor's") or A2 from ▇▇▇▇▇'▇ Investors Service ("Moody's"); or (ii) a long-term counterparty credit rating of A or better from Standard & Poor's; or (iii) credit ratings in respect of its senior unsecured unsubordinated and unguaranteed long term debt or in respect of its long term counterparty status from other major rating agencies acceptable to the Landlord acting reasonably equivalent to or better than any one of the credit ratings described in (i) and (ii) above; AND WHERE (iv) at the date of the application for licence to assign there is no other major rating agency whose equivalent rating in respect of the proposed assignee is lower than any of the credit ratings described in (i) or (ii) above provided that where any relevant agency rebases redesignates or otherwise changes the substance of or criteria for a relevant rating as referred to in (i) or (ii) above (or the number of grades or rankings above or below the relevant rating) or does any other act or thing so that the comparative creditworthiness strength or substance reflected in any of the ratings referred to in (i) or (ii) above is changed then there shall be deemed substituted for the ratings referred to in (i) or (ii) above such new or revised ratings as will then reflect and be equivalent to the relative creditworthiness strength and substance implied by the above ratings at the date hereof to the intent and effect that the substituted rating shall be equivalent mutatis mutandis to the current standards of creditworthiness strength and substance reflected in such current ratings; and (v) at the date of the application to assign the proposed assignee's credit rating has not been placed on Credit Watch nor has been accorded negative or developing rating outlook or equivalent (other than with a view to a possible up-grade) by either Standard & Poor's or Moody's unless prior to being placed on Credit Watch or being accorded such outlook the proposed assignee's credit rating in respect of its se...

Examples of Acceptable Assignee in a sentence

In the event that Newco, or the Acceptable Assignee then holding the option under the Option Agreement, shall elect to exercise its right under the Option Agreement to purchase the Premises, Newco (i) as the exercising party, shall cause title to the Premises to be acquired by Newco or a subsidiary or affiliate of Newco only or (ii) shall cause the Acceptable Assignee exercising such option to cause the Premises to be so titled.
Licensee shall also keep CSMC reasonably informed with respect to the progress of any relations entered into with any sublicenses or assignments entered into by Licensee with any Acceptable Assignee (or any other party for whom CSMC has given its prior written consent).
If Lessee notifies Lessor of its election to exercise its right of first refusal within such 60-day period, then within 30 days of delivery of such notice to Lessor, Lessee and Lessor shall meet to negotiate the terms and conditions of the transfer documents; provided, that the terms and conditions thereof shall be no less favorable to Lessor than the terms and conditions of the proposed Transfer by Lessor to the Acceptable Assignee.
In order to preserve and protect the value of the Patent Rights, Prometheus shall obtain the written consent of CSMC and UCLA prior to entering into any sublicense or assignment with any party who is not an Acceptable Assignee under clause (i) above.
Notwithstanding anything to the contrary in the Lease, all of Tenant’s signage rights may be exercised by Tenant or any Affiliate assignee or any Acceptable Assignee (defined below), subject to the remaining terms of the Lease, including, without limitation, the following paragraph.

More Definitions of Acceptable Assignee

Acceptable Assignee means a Person that the PSCW determines meets the following requirements: (a) that is a special-purpose entity, whose governing documents contain all covenants and restrictions related to non-consolidation with its corporate parent in the event of such parent’s bankruptcy or insolvency, (b) (i) whose senior unsecured long-term debt is rated at least A- or its equivalent by a Rating Agency, or (ii) whose Parent has senior unsecured long-term debt rated at least A- or its equivalent by a Rating Agency and who guarantees such Person’s obligations under any Lease Document to which such Person will be a party, and (c) who has at least five years experience in the United States electric generating power industry.

Acceptable Assignee means a Person (a)(i) whose senior unsecured long-term debt is rated at least “A-” by Standard and Poor’s Rating Services or its successor or “A3” by ▇▇▇▇▇’▇ Investors Services or its successor or (ii) whose Parent’s senior unsecured long-term debt is rated at least “A-” by Standard and Poor’s Rating Services or its successor or “A3” by ▇▇▇▇▇’▇ Investors Services or its successor and whose Parent guarantees such Person’s obligations under each Elm Road I Project Document to which such Person is or will be a party, (b) who has at least five years’ experience in the United States electric generating power industry and (c) who meets the requirements set forth in Annex A to Exhibit F. For purposes of applying this definition in respect of a potential assignee of WPPI, “unsecured long-term debt” shall mean “long-term debt which is not secured by a lien on any tangible assets”.

Acceptable Assignee means a reputable Person experienced in the oil industry;

Acceptable Assignee means a prospective assignee not being a Group Company whose audited accounts for its accounting year ending not more than twelve months prior to the date of receipt by the Landlord of the first written request by the Tenant for consent to the assignment to the prospective assignee of the Lease and for each of the two preceding accounting years disclose net profits in each accounting year which are at least equal to three times the annual rent first hereby reserved and payable at the date the said assignment is likely to be completed or (if rent is not payable at such date) the annual rent first hereby reserved which will be payable at the expiration of any rent free period then running

Acceptable Assignee mean any Person proposed (a) to acquire an ownership in a Product, the Revenue Participation Right or the Seller or any of its Affiliates through a Disposition or otherwise that constitutes a Change of Control, (b) is a commercial stage biopharmaceutical enterprise reasonably similar (or greater) in stature and size (in terms of market capitalization or enterprise value) to the Seller, (c) who has agreed to execute and deliver to the Buyer an assignment and assumption or similar agreement reasonably acceptable to the Buyer pursuant to which such Person assumes all of the duties and obligations of the Seller to the Buyer under this Agreement with respect to the rights and interests acquired by such Person and (d) that the Buyer has consented to, such consent not to be unreasonably conditioned, withheld or delayed.

Acceptable Assignee has the meaning given in Section 11 of the Contingent Guaranty Agreement.

Acceptable Assignee has the meaning assigned to it in the Common Agreement.