Creditworthy Person definition

Creditworthy Person means a Person with a senior unsecured and credit-unenhanced long term debt rating equivalent to A- or better as determined by at least two rating agencies, one of which must be either Standard & Poor’s or Xxxxx’x (or if either one or both are not available, equivalent ratings from alternate rating sources reasonably acceptable to Gatherer).
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Creditworthy Person means any Person that (a) has (1) a net worth of at least One Billion Dollars ($1,000,000,000) or (2) has at least two of the following credit ratings: (A) Baa3 by Xxxxx’x Investors Service, Inc., (B) BBB- by Standard & Poor’s Ratings Group or (C) BBB- by Fitch Ratings, a part of the Fitch Group; provided, however, that if such person or Portions of this Exhibit, indicated by the xxxx “[***],” were omitted and have been filed separately with the Secretary of the Commission pursuant to the Registrant’s application requesting confidential treatment pursuant to Rule 24b-2 of the Securities Exchange Act of 1934. entity is only rated by one such ratings agency and such rating meets any of (1), (2) or (3) above, then such rating shall suffice.
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Creditworthy Person means any Person (a)(i) with a long-term credit rating (corporate or long-term senior unsecured debt) of (A) (1) “Baa1” or higher from Moody’s or (2) “BBB+” or higher from S&P or (B) if rated by both Moody’s and S&P, both clauses (A)(1) and (A)(2), and
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Examples of Creditworthy Person in a sentence

  • Subject to the following sentence, Buyer may not assign this Agreement except to a Creditworthy Person without the prior written consent of Seller.

  • If the device does not have room for a class-required app, students will be required to delete music or personal apps to allow room for the class app.


More Definitions of Creditworthy Person

Creditworthy Person means a person (i) that is not a competitor of Seller, and (ii) with a net worth of at least $ 500,000,000 as evidenced by audited financial statements of the Creditworthy Entity that are (a) prepared in accordance with GAAP ; (b) audited in accordance with United States generally accepted auditing standards; (c) dated as of a date not earlier than twelve
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Related to Creditworthy Person

  • Handyperson means a person who is not a tradesperson and whose duties include the performance of routine repair work and maintenance in and about the employer’s premises.

  • Minority person means a person who is a citizen or lawful permanent resident of the United States and who is any of the following:

  • Independent Person means a person appointed under section 28(7) of the 2011 Act;

  • Dependent person means a person who cannot demonstrate financial independence from parents or persons other than a spouse and who does not meet the criteria for independence established in Section 5 of this administrative regulation.

  • Specified Person means a person who has:

  • Other Person means a person who is not a council member or an employee.

  • Approved Investor means any institution which has made a Takeout Commitment and has been approved by Buyer and not subsequently disapproved by Buyer.

  • approved person means, in respect of a member (Member) of the Investment Industry Regulatory Organization of Canada (IIROC), an individual who is a partner, director, officer, employee or agent of a Member who is approved by IIROC or another Canadian SRO to perform any function required under any IIROC or other Canadian SRO by-law, rule, or policy;

  • of a Person means the power, directly or indirectly, either to (a) vote 10% or more of the securities having ordinary voting power for the election of directors (or persons performing similar functions) of such Person or (b) direct or cause the direction of the management and policies of such Person, whether by contract or otherwise.

  • Affected Financial Institution means (a) any EEA Financial Institution or (b) any UK Financial Institution.

  • Ultimate controlling person means that person which is not controlled by any other person.

  • Acquired Person means, with respect to any specified Person, any other Person which merges with or into or becomes a Subsidiary of such specified Person.

  • Elderly person means a person 60 years of age or

  • Designated Financial Institution shall have the meaning specified in Section 14.12(a).

  • Qualified Person means one who, by possession of a recognized degree, certificate, or professional standing, or who by extensive knowledge, training and experience, has successfully demonstrated his ability to solve or resolve problems relating to the subject matter, the work, or the project.

  • regulated financial institution means a state or nationally chartered bank, savings and loan association or savings bank, credit union, trust company, or other state or federally chartered lending institution or a regulated affiliate or regulated subsidiary of any of these entities.

  • Person means an individual or corporation, partnership, trust, incorporated or unincorporated association, joint venture, limited liability company, joint stock company, government (or an agency or subdivision thereof) or other entity of any kind.

  • Licensed financial institution means a financial institution issued a license under this act.

  • Approved Entity means a body corporate which, on the occurrence of the Takeover Event, has in issue Approved Entity Shares.

  • Specified Insurance Company means any Entity that is an insurance company (or the holding company of an insurance company) that issues, or is obligated to make payments with respect to, a Cash Value Insurance Contract or an Annuity Contract.

  • Financial institution means a Bank, Development Finance Institution, Non Banking Finance Company, Modaraba or an institution registered under relevant laws to provide financial services within or outside Pakistan.

  • Similarly situated entity means a first-tier subcontractor, including an independent contractor, that has the same small business program status as that which qualified the prime contractor for the award and that is considered small for the NAICS code the prime contractor assigned to the subcontract the subcontractor will perform. An example of a similarly situated entity is a first-tier subcontractor that is a HUBZone small business concern for a HUBZone set-aside or sole source award under the HUBZone Program.

  • Reasonable person means a reasonable person under similar circumstances and with similar identities to the victim.

  • Screened Affiliate means any Affiliate of a Holder (i) that makes investment decisions independently from such Holder and any other Affiliate of such Holder that is not a Screened Affiliate, (ii) that has in place customary information screens between it and such Holder and any other Affiliate of such Holder that is not a Screened Affiliate and such screens prohibit the sharing of information with respect to the Company or its Subsidiaries, (iii) whose investment policies are not directed by such Holder or any other Affiliate of such Holder that is acting in concert with such Holder in connection with its investment in the Notes, and (iv) whose investment decisions are not influenced by the investment decisions of such Holder or any other Affiliate of such Holder that is acting in concert with such Holders in connection with its investment in the Notes.

  • Qualified Insurer A mortgage guaranty insurance company duly authorized and licensed where required by law to transact mortgage guaranty insurance business and approved as an insurer by Xxxxxx Xxx or Xxxxxxx Mac.

  • Appraisal management company means a person or entity that (i) administers a network of