Company Rating definition

Company Rating has the meaning assigned to it in the definition of “Applicable Rate”.
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Company Rating means, at any time, a then current rating, whether preliminary or final, published or confirmed in writing to the Agent, by Standard & Poor's or Moody's, relating to unsecured long-term senior Debt of the Company which is then outstanding or with respect to which the Company has a registration statement on file with the Securities and Exchange Commission.
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Company Rating means, as of each date of determination, (i) the higher of the credit ratings assigned by Xxxxx'x or S&P to the credit facilities provided under the Company Loan Agreement whether senior secured or senior unsecured or (ii) in the event that the Company Loan Agreement has been terminated, the higher of the credit ratings assigned by Xxxxx'x or S&P to Company's senior unsecured debt, PROVIDED HOWEVER in the case of both (i) and (ii) above, that (a) each change in either such credit rating shall be deemed to be effective five days following the announcement by Xxxxx'x or S&P of the change, and (b) in the event of a double split rating (or more) the highest intermediate rating shall apply.
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Examples of Company Rating in a sentence

  • Insurers must have an “A-“ A.M. Best Company Rating and a Class VII or better financial size category as shown in the most current A.M. Best Company ratings.

  • Insurers or sureties shall have and maintain throughout the period for which coverage is required, an A.M. Best Company Rating of "A-" or better and an A.M. Best Company Financial Size Category of "VII" or better, unless specifically waived by the Owner.

  • Insurance must be placed with insurers with a current A.M. Best Company Rating equivalent to at least a Rating of “A:VII,” unless otherwise approved and accepted by the City Manager or his/her designee in writing.

  • If not an "admitted insurer" in the State of California, for all of the classes of insurance required, have an agent for service of process in California and, in accordance with the current A.M. Best Company Rating, have a policy holder's rating of "A" or better and a financial rating of VII or better.

  • Insurance must be placed with insurers with a current A.M. Best Company Rating equivalent to at least a Rating of “A:VII.” Certificate(s) must reflect that the insurer will provide thirty (30) day notice of any cancellation of coverage.

  • Be an "admitted insurer" in the State of California for the classes of insurance required and, in accordance with the current A.M. Best Company Rating, have a policy holder's rating of "A" or better and a financial rating of VII or better.

  • Be an "admitted insurer" in the State of California for the classes of insurance required and, in accordance with the current A.M. Best Company Rating, have a policy holder's rating of "A-" or better and a financial rating of VII or better.

  • Chief Analyst: Yukio Suzuki (Chief Analyst, Belle Investment Research of Japan) Company Rating Definition: Corresponding companies are evaluated on the following qualitative criteria of 1) strength of management, 2) growth and sustainability of business, and 3) potential for downward earnings revisions.

  • If not an "admitted insurer" in the State of California, for all of the classes of insurance required, have an agent for service of process in California and, in accordance the current A.M. Best Company Rating, have a policy holder's rating of "A-" or better and a financial rating of VII or better.

  • If not an "admitted insurer" in the State of California, for all of the classes of insurance required, have an agent for service of process in California and, in accordance with the current A.M. Best Company Rating, have a policy holder's rating of "A-" or better and a financial rating of VII or better.


More Definitions of Company Rating

Company Rating means, as of each date of determination, (i) the -------------- higher of the credit ratings assigned by Xxxxx'x or S&P to the credit facilities provided under the Company Loan Agreement whether senior secured or senior unsecured or (ii) in the event that the Company Loan Agreement has been terminated, the higher of the credit ratings assigned by Xxxxx'x or S&P to Company's senior unsecured debt, provided however in the case of -------- ------- both (i) and (ii) above, that (a) each change in either such credit rating shall be deemed to be effective five days following the announcement by Xxxxx'x or S&P of the change, and (b) in the event of a double split rating (or more) the highest intermediate rating shall apply.
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Related to Company Rating

  • Moody’s means Xxxxx’x Investors Service, Inc. and any successor thereto.

  • Moody s” means Moody’s Investors Service, Inc.

  • Required Rating means, in the case of Moody's, the rating assigned to the Underlying Securities by Moody's as of the Closing Date, and, in the case of S&P, the rating assigned to the Underlying Securities by S&P as of the Closing Date.

  • Investment Grade Rating means a rating equal to or higher than Baa3 (or the equivalent) by Moody’s and BBB- (or the equivalent) by S&P, or an equivalent rating by any other Rating Agency.