Insurer Financial Strength definition

Insurer Financial Strength. Rating shall mean the insurer financial strength rating of the Company as determined by either of Standard & Poor’s and Moody’s.
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Insurer Financial Strength. Rating shall mean the insurer financial strength rating of the Company as determined by each of Standard & Poor's and Moody's. Interest Period shall mean either a Committed Loan Interest Period or a Bid Loan Interest Period.
Sample 1

Examples of Insurer Financial Strength in a sentence

  • The Ceding Company shall have an Insurer Financial Strength Rating of at least “A” by S&P (or an equivalent rating by Xxxxx’x or Fitch).

  • Within two (2) Business Days after Standard & Poor’s or Xxxxx’x announces a change in the Company’s Insurer Financial Strength Rating, notice of such change.

  • Holdings will deliver together with such notice a copy of any written notification which the Company received from the applicable rating agency regarding such change of its Insurer Financial Strength Rating.

  • The Company will deliver together with such notice a copy of any written notification which the Company received from the applicable rating agency regarding such change of its Insurer Financial Strength Rating.

  • The Reinsurer has been assigned an A.M. Best’s rating of less than “A-” or a Standard & Poor’s Insurer Financial Strength Rating of less than “A-”.

  • Within two (2) Business Days after Standard & Poor's or Xxxxx'x announces a change in the Company's Insurer Financial Strength Rating, notice of such change.

  • The Ceding Company shall have an Insurer Financial Strength Rating of at least “A” by S&P (or an equivalent rating by Mxxxx’x or Fitch).

  • Each insurance company providing coverage must have an S&P Insurer Financial Strength Rating of A or better or an A.

  • Borrower will deliver together with such notice a copy of any written notification which Borrower received from the applicable rating agency regarding such change of its Insurer Financial Strength Rating.

  • All of the insurances detailed in this clause shall be provided under valid and enforceable policies issued by authorized insurance companies with a financial rating of AM Insurer Financial Strength rating of “A” or better (if unavailable, S&P “A” or better will be acceptable), and Financial Size Category of IX or larger, or as otherwise acceptable to Lessor.

Related to Insurer Financial Strength

  • 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.

  • mixed financial holding company means a mixed financial holding company as defined in point (21) of Article 4(1) of Regulation (EU) No 575/2013;

  • Sponsored captive insurance company means a captive insurance company:

  • financial holding company means a financial holding company as defined in point (20) of Article 4(1) of Regulation (EU) No 575/2013;

  • Annual Financial Statement is defined in Section 10.1(a).

  • Annual Financial Statements has the meaning set forth in Section 3.06.

  • Financial Sponsor means any Person, including any Subsidiary of such Person, whose principal business activity is acquiring, holding, and selling investments (including controlling interests) in otherwise unrelated companies that each are distinct legal entities with separate management, books and records and bank accounts, whose operations are not integrated with one another and whose financial condition and creditworthiness are independent of the other companies so owned by such Person.

  • Historical Financial Statements means the audited consolidated balance sheets of the Borrower as of December 31, 2006 and December 31, 2005 and the audited consolidated statements of income, stockholders’ equity and cash flows of the Borrower for each of the fiscal years in the three year period ending on December 31, 2006.

  • Financial Services means those activities described in Annex VI. The Stabilisation and Association Council may extend or modify the scope of that Annex.

  • Insurance Add-On Amount means the premium charged to the Obligor in the event that the Servicer obtains Force-Placed Insurance pursuant to Section 4.4.

  • Insurance Companies means the companies with whom the Insurance Policies are held.

  • Insurance group means the persons that comprise an insurance holding company system.

  • 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.

  • Insurance Subsidiaries means, collectively, MGMM Insurance Company, a Nevada corporation and any Subsidiaries formed for the purpose of facilitating and providing insurance coverage and claims services for the Company and its Subsidiaries.

  • financial group means a group that consists of a legal person or legal arrangement exercising control and coordinating functions over the rest of the group for the application of group supervision under the Core Principles, and its branches and subsidiaries that are financial institutions as defined in section 27A(6) of the MAS Act or the equivalent financial institutions outside Singapore;

  • Financial Model means the financial model adopted by Senior Lenders, setting forth the capital and operating costs of the Project and revenues therefrom on the basis of which financial viability of the Project has been determined by the Senior Lenders, and includes a description of the assumptions and parameters used for making calculations and projections therein;

  • Family of Investment Companies as used herein means two or more registered investment companies (or series thereof) that have the same investment adviser or investment advisers that are affiliated (by virtue of being majority owned subsidiaries of the same parent or because one investment adviser is a majority owned subsidiary of the other).