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.
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A.M. Best means A.M. Best Company, Inc.
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A.M. Best means A. M. Best Company, Inc. and any successor rating agency.
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Examples of A.M. Best in a sentence

  • Any company writing any of Tenant’s Insurance shall have an A.M. Best rating of not less than A-X and shall be authorized to transact business in Massachusetts.

  • All policies of insurance provided for in this Section shall be issued by insurance companies with a Best’s Rating of not less than A- and a Best’s Financial Performance Rating of not less than VII as rated in the most current available A.M. Best Company Key Rating Guide and qualified to do business in the State of Colorado.

  • Such insurance shall be issued by an insurance company that has an A.M. Best rating of not less than A-VIII.

  • If the resulting report concluded that the SEL would exceed twenty percent (20%) of the amount of the replacement costs of the improvements, earthquake insurance on such Mortgaged Property was obtained by an insurer rated at least “A:VIII” by A.M. Best Company or Exhibit III - 7 USActive 63831236.4 “A3” (or the equivalent) from ▇▇▇▇▇’▇ Investors Service, Inc.

  • 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.


More Definitions of A.M. Best

A.M. Best. A.M. Best Company, Inc., and its successors-in-interest.
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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.
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A.M. Best means A. M. Best & Company and any successor thereto.
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A.M. Best means AM Best Company Inc. or any successor to its rating business;
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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.
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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.
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A.M. Best has the meaning specified in Section 6.05(a).
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