Qualified Guarantor definition

Qualified Guarantor means a guarantor against which an insurer has a direct claim for full and timely payment, evidenced by a contractual right for which an enforcement action can be brought in a domestic jurisdiction; and

Qualified Guarantor means, with respect to a Member, such Member’s Parent or a subsidiary of such Member’s Parent, in each case, so long as such Person is Investment Grade. Quarter – unless the context requires otherwise, means a fiscal quarter of the Company.

Qualified Guarantor means a Person who meets or exceeds the Ratings Limit and otherwise satisfies the criteria for assignment under Section 7 of the Form of Guarantee of Buyer’s Guarantor.

Examples of Qualified Guarantor in a sentence

• The signature of such transferor, assignor, or agent must be guaranteed by a Qualified Guarantor as defined in Instruction 3(a).

• The security may be provided in the form of cash (cashier’s check, bank wire, or ACH debit), or a Letter of Credit issued by a Qualified Bank, or a Guaranty from a Qualified Guarantor.

• If Payment in Advance Option is not elected as described in 4.5a above, Producer shall, within 5 business days of contract execution, provide NYSEG / RG&E with collateral in the amount of $XXXXXX in the form of either an irrevocable standby letter of credit issued by a Qualified Issuer, or a Parent Guarantee issues by a Qualified Guarantor.

• Xxxxx, incorrectly inscribed as X.X. Xxxxx" with the signature guaranteed by a Qualified Guarantor as described in Instruction 4(a).

• The signature of such transferee or agent must be guaranteed by a Qualified Guarantor as defined in Instruction 4(a).

More Definitions of Qualified Guarantor

Qualified Guarantor means a Person who satisfies the Ratings Limit and who is domiciled in a country with a sovereign rating of ‘AAA.’

Qualified Guarantor means each Material Subsidiary which is a Wholly-Owned Subsidiary of the Parent, organised under the laws of a Qualified Jurisdiction, in each case which has acceded to this Agreement as a Guarantor and executed the required Security Documents in accordance with the requirements of Clause 25.7 (Additional Security and Further Assurances), provided that any Qualified Guarantor shall cease to constitute same at such time, if any, as such Subsidiary ceases to be a Wholly-Owned Subsidiary of the Parent or ceases to be a Material Subsidiary.

Qualified Guarantor means a guarantor

Qualified Guarantor means any Affiliate (as defined in the Amended Credit Documents) of the Plan Debtor having a minimum net worth of $250 million as calculated immediately after the date that such Affiliate emerges from bankruptcy.

Qualified Guarantor means a Person who satisfies the Ratings Limit and who is domiciled in a country with a sovereign rating of “AAA” by S&P and “Aaa” by Moody’s.

Qualified Guarantor means a Person that (a) is formed in, maintains its principal place of business in, and is subject to service of process in, the United States, (b) has all or substantially all of its assets in the United States, (c) has never been indicted or convicted of, or plead guilty or no contest to a Patriot Act Offense and is not on any Government List and (d) at all times that such Person is acting as a Qualified Guarantor maintains an Investment Grade rating from each of the Rating Agencies that rates such Person (and in any event from at least two (2) of the Rating Agencies).

Qualified Guarantor means a guarantor, reasonably acceptable to Buyer, that has a current long-term credit rating (corporate or long term senior unsecured debt) of at least A- by Standard & Poor’s and A3 by Moody’s Investors Service, Inc.