Acceptable Credit Rating definition

Acceptable Credit Rating means a minimum long term credit rating of either BBB from Standard & Poors or Baa2 from Xxxxx’x; Access Undertaking means:

Acceptable Credit Rating means a minimum long term credit rating of either BBB from Standard & Poors or Baa2 from Moody’s;

Acceptable Credit Rating means a minimum long term credit rating of not less than BBB- from Standard & Poor’s Ratings Services (or equivalent rating by another internationally recognised ratings agency). Access has the meaning given in the Access Undertaking. Access Agreement means an access agreement made under the Access Undertaking, other than this Agreement.

Examples of Acceptable Credit Rating in a sentence

• Transpower is only obliged to accept credit support from a third party where the third party provider has an Acceptable Credit Rating.

• If at any time the Customer does not have an Acceptable Credit Rating then within 20 Business Days of a request by Transpower (which request will include confirmation of the amount of Transpower’s Counterparty Exposure), the Customer must provide, or (subject to clause 3) procure a third party to provide, to Transpower credit support in a form permitted by clause 4 for an amount not less than Transpower’s Counterparty Exposure.

• Where the Customer or credit support provider has an Acceptable Credit Rating under clause 1(a), the Customer is to inform Transpower as soon as practicable on the happening of any change in its external credit rating or on being put on negative credit watch.

• Where the Customer or any provider of credit support for the Customer seeks or has an Acceptable Credit Rating under clause 1(b), the Customer, within five Business Days from the date of receipt of any request by Transpower, is to provide all financial information about itself or such provider of credit support for the Customer (as applicable) as may be reasonably required by Transpower to enable it to assess the creditworthiness of the Customer or of that provider of credit support for the Customer.

• Beginning from the second Contract Year, and each Contract Year for the remainder of the Term, within fourteen (14) days of the initiation of the AP Process for the then current Contract Year, Terminal User shall cause a bank with an Acceptable Credit Rating to issue a replacement Terminal User’s Guarantee with a validity period from 01 October of the then current Contract Year until 30 November of the next Contract Year.

More Definitions of Acceptable Credit Rating

Acceptable Credit Rating means a long term senior debt credit rating of at least BBB+ from

Acceptable Credit Rating means, with respect to a Person, a Credit Rating of no less than (as applicable): (a) “BBB-” from S&P, or (b) “Baa3” from Xxxxx’x, or (c) if such Person has a Credit Rating at such time from both S&P and Xxxxx’x, “BBB-” from S&P and “Baa3” from Xxxxx’x.

Acceptable Credit Rating means a minimum long term credit rating of not less than “A” from Standard and Poor’s Rating Service (or equivalent rating by another internationally recognised ratings agency).

Acceptable Credit Rating means, with respect to any Person, the rating of its unsecured, senior long-term indebtedness (or, if such Person has no such rating, then its issuer rating or corporate credit rating) is no lower than (a) at the time such Person executes, delivers or issues a Qualified Hedge, a Credit Facility, or a repurchase obligation to fund any Reserve Account, ‘A+’, ‘A1’ or the equivalent rating from each Nationally Recognized Rating Agency that provides a rating on such Person’s unsecured, senior long-term indebtedness or that provides an issuer rating or corporate credit rating for such Person, as applicable; and (b) at any time thereafter, ‘A’, ‘A2’ or the equivalent rating from each Nationally Recognized Rating Agency that provides a rating on such Person’s unsecured, senior long-term indebtedness or that provides an issuer rating or corporate credit rating for such Person, as applicable.

Acceptable Credit Rating means, with respect to any Person, the rating of its unsecured, senior long-term indebtedness (or, if such Person has no such rating, then its issuer rating or corporate credit rating) is no lower than (a) at the time such Person executes, delivers or issues an Interest Rate Swap Agreement or Credit Enhancement (other than Existing Interest Rate Swap Agreements or Existing Credit Enhancements), ‘A+’, ‘A1’ or the equivalent rating from each Nationally Recognized Rating Agency that provides a rating on such Person’s unsecured, senior long-term indebtedness or that provides an issuer rating or corporate credit rating for such Person, as applicable; and (b) at any time thereafter, ‘A’, ‘A2’ or the equivalent rating from each Nationally Recognized Rating Agency that provides a rating on such Person’s unsecured, senior long-term indebtedness or that provides an issuer rating or corporate credit rating for such Person, as applicable.

Acceptable Credit Rating means an equivalent or better credit rating than Aurizon Holdings Limited has received from Standard & Poors or Xxxxx'x Investor Services, from time to time or:

Acceptable Credit Rating means a credit rating of BBB+ (or its equivalent) or higher from Standard and Poors, Fitch Ratings or Moody’s Investor Services, a Dun & Bradstreet Dynamic Risk Score of Low or better, or a credit rating as otherwise specified in guidelines.