A.M. Best definition
A.M. Best. A.M. Best Company, Inc. or its successors in interest. If neither A.M. Best nor any successor remains in existence, “A.M. Best” shall be deemed to refer to such other nationally recognized statistical rating agency or other comparable Person reasonably designated by the Depositor, notice of which designation shall be given to the Trustee, the Certificate Administrator, the Master Servicer and the Special Servicer and specific ratings of A.M. Best herein referenced shall be deemed to refer to the equivalent ratings (as reasonably determined by the Depositor) of the party so designated.
A.M. Best means A.M. Best Company, Inc.
A.M. Best means A. M. Best Company, Inc. and any successor rating agency.
Examples of A.M. Best in a sentence
If the resulting report concluded that the PML would exceed 20% of the amount of the replacement costs of the improvements, earthquake insurance on such Mortgaged Property was obtained from an insurer or insurers meeting the Insurance Ratings Requirements (provided that for this purpose (only), the A.M. Best Company minimum rating referred to in the definition of Insurance Ratings Requirements will be deemed to be at least “A:VIII”) in an amount not less than 100% of the PML.
For greater certainty, and without limitation, the Operator shall acquire insurance policies to be placed with insurers with an A.M. Best rating of A- or better (or the equivalent rating provided by S&P or ▇▇▇▇▇’▇).
More Definitions of A.M. Best
A.M. Best means A.M. Best Company, together with any Person succeeding thereto by merger, consolidation or acquisition of all or substantially all of its assets, including substantially all of its business of rating insurance companies.
A.M. Best. A.M. Best Company, Inc., and its successors-in-interest.
A.M. Best means A. M. Best & Company and any successor thereto.
A.M. Best means AM Best Company Inc. or any successor to its rating business;
A.M. Best means A.M. Best Company, Inc. and its successors and assigns or, if it shall be dissolved or shall no longer assign ratings to insurance companies, then any other nationally recognized insurance statistical rating agency designated by the Administrative Agent.
A.M. Best means A.M. Best Company or any successor thereto. “Amended and Restated Purchase Agreement” means the Amended and Restated Purchase Agreement dated as of the Closing Date among AIG, the UST and the FRBNY, substantially in the form of Exhibit A.
A.M. Best has the meaning specified in Section 6.05(a).