Credit Rating Threshold definition

Credit Rating Threshold means the minimum credit rating level for the Supplier [and the Panel Guarantor/ [ and Call Off Guarantor]] as set out in Annex 2 [and for each Key Sub-Contractor as set out in Schedule 7 (Key Sub-Contractors)]; and

Credit Rating Threshold means the minimum credit rating level for the Consultant as set out in Annex 1

Credit Rating Threshold means the minimum credit rating level for the Rated Organisation as set out in the Order Form;

Examples of Credit Rating Threshold in a sentence

• The Supplier shall and shall procure that the Framework Guarantor shall maintain a long term credit rating above the relevant Credit Rating Threshold set out in Annex 1 to this Framework Schedule.

• For the purposes of determining whether a Financial Distress Event has occurred the credit rating of the Monitored Company shall be deemed to have dropped below the applicable Credit Rating Threshold if any of the Rating Agencies have rated the Monitored Company at or below the applicable Credit Rating Threshold.

• The Supplier shall promptly notify (or shall procure that its auditors promptly notify) the Authority in writing if it ceases, or the Framework Guarantor ceases, to maintain a long term credit rating above the relevant Credit Rating Threshold (and in any event within ten (10) Working Days of ceasing to have such credit rating), whereupon the Supplier shall ensure that its auditors calculate such financial ratios as may be reasonably requested in writing by the Authority.

• Where the Provider’s or the Guarantor's and/or Material Sub-Contractor’s credit ratings provided by the Rating Agencies listed in Appendix A to this Schedule ( Financial Distress) differ, for the purposes of the Financial Distress Events or the Material Sub-Contractor Financial Distress Events, the relevant Credit Rating Threshold shall be determined by reference to the lower credit rating.

• For the purposes of determining whether a Financial Distress Event has occurred pursuant to the provisions of paragraph 142.1.1, the credit rating of the Supplier or the Framework Guarantor (as the case may be) shall be deemed to have dropped below the applicable Credit Rating Threshold if any of the Rating Agencies have rated the Supplier or the Framework Guarantor (as the case may be) at or below the applicable Credit Rating Threshold.

More Definitions of Credit Rating Threshold

Credit Rating Threshold means the minimum credit rating level for the Supplier as set out in Annex 2; and

Credit Rating Threshold means the minimum Credit Rating Level for each entity in the FDE Group as set out in Appendix 2 of Schedule 7.4 (Call‑Off Financial Distress)

Credit Rating Threshold means as defined in Schedule 16 - Financial Distress

Credit Rating Threshold means the minimum credit rating level forthe Supplier [and the Framework Guarantor/ [ and Call Off Guarantor]] as set out in Annex 2 [and for each Key Sub-Contractor as set out in Schedule 7 (Key Sub-Contractors)]; and"Financial Distress Service Continuity Plan"means a plan setting out how the Supplier will ensure the continued performance and delivery of the Goods and/or Services in accordance with this Framework Agreement in the event that a Financial Distress Event occurs;"Rating Agencies"means the rating agencies listed in Annex 1.

Credit Rating Threshold means (a) for any senior Opco Debt, at least A- by all Rating Agencies; (b) for any junior Opco Debt, at least A-, by at least one (1) Rating Agency; and (c) in respect of any other outstanding Opco Debt, at least BBB by all Rating Agencies; provided, however, that, for the purposes of this definition, (i) any unrated Opco Debt shall be deemed to meet the foregoing requirements, unless such Opco Debt is, by its terms, subordinate and junior to the then lowest rated Opco Debt, in which case such unrated Opco Debt shall be considered to be rated below BBB; and (ii) if, at any time, no Opco Debt is rated, then all Opco Debt shall be considered to be rated below BBB;

Credit Rating Threshold the minimum Credit Rating Level for each entity in the FDE Group as set out in Annex 2 of this Schedule;

Credit Rating Threshold means the minimum credit rating level for the Supplier [and the Framework Guarantor/ [ and Call Off Guarantor]]as set out in Annex 2 [and for each Key Sub-Contractor as set out in Framework Schedule 7 (Key Sub-Contractors)];