Qualified Issuer definition

Qualified Issuer any commercial bank (a) which has capital and surplus in excess of $250,000,000 and (b) the outstanding long-term debt securities of which are rated at least A by S&P or at least A2 by Moody’s, or carry an equivalent rating by a nationally recognized rating agency if both of the rating agencies named herein cease publishing ratings of investments.

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Qualified Issuer means any commercial bank (a) which has capital and surplus in excess of $100,000,000 and (b) the outstanding long term debt securities of which are rated at least A-2 by Standard & Poor’s Ratings Group, Inc. or at least P-2 by ▇▇▇▇▇’▇ Investors Service, Inc., or carry an equivalent rating by a nationally recognized rating agency if both of the two named rating agencies cease publishing ratings of investments.

Qualified Issuer means any commercial bank that has a combined capital and surplus in excess of $500.0 million.

Examples of Qualified Issuer in a sentence

• If Seller elects to provide a letter of credit, it shall be an irrevocable standby letter of credit, in form and substance acceptable to Purchaser, from a Qualified Issuer.

• If Seller elects to provide a letter of credit, it shall be an irrevocable standby letter of credit, in form and substance acceptable to Company, from a Qualified Issuer.

• If Buyer does not receive a replacement Letter of Credit from a Qualified Issuer within the time specified in either of the two preceding sentences, it may draw on the full available amount of the Letter of Credit.

• Borrower shall not, and shall not permit any of its Subsidiaries to, engage in any interest rate hedging, swaps, caps or similar transaction except that Borrower may enter into an Interest Rate Contract or Contracts with a Qualified Issuer, on terms reasonably satisfactory to Agent, providing protection over a period of not less than 2 years; PROVIDED, that in no event shall Borrower enter into any such contract if the cost thereof shall in the aggregate exceed 7/10 of 1% of the amount so protected.

• Issuer, the Qualified Issuer Subsidiaries and, to the Knowledge of Issuer, the Trilogy Entities, are presently in material compliance with all applicable Legal Requirements, internal policies and contractual obligations relating to the privacy and security of IT Systems and Data and to the protection of such IT Systems and Data from unauthorized use, access, misappropriation or modification.

More Definitions of Qualified Issuer

Qualified Issuer means a United States office of a commercial bank or trust company organized under the laws of the United States of America or a political subdivision thereof or a foreign bank with a branch office located in the United States and unaffiliated to Shipper and, in either case, (A) subject to supervision or examination by a federal or state authority of the United States of America, (B) having a Credit Rating of BBB or higher by Standard and Poor’s or Baa or higher by Moody's Investment Services and (C) having a minimum asset base of at least $5,000,000,000.

Qualified Issuer means an issuer actively engaged in property development as a principal business activity. For determining whether property development is a principal activity of an issuer, consideration will be given to the following factors:

Qualified Issuer means any FDIC-insured depository institution that is “well capitalized” as defined in 12 U.S.C. § 1831o (b)(1)(A), is in the business of issuing letters of credit and maintains offices in either or both of New York City, NY and Washington, DC. where presentation and drawings on such letters of credit can be duly made.

Qualified Issuer means a U.S. commercial bank (or a foreign bank with a U.S. branch) having total assets of at least One Billion Dollars ($1,000,000,000) and a Credit Rating of no less than (as applicable): (a) “A-” from S&P, or (b) “A3” from ▇▇▇▇▇’▇, or (c) if such bank has a Credit Rating at such time from both S&P and ▇▇▇▇▇’▇, “A-” from S&P and “A3” from ▇▇▇▇▇’▇. If such rating is A- or equivalent to A-, such issuer must not be on negative credit watch or have a negative outlook by any rating agency.

Qualified Issuer means any bank or trust company authorized to engage in the banking business that is organized under or licensed as a branch or agency under the laws of the United States of America or any state thereof that has an Acceptable Credit Rating.

Qualified Issuer means a commercial bank, savings bank, savings and loan association or similar financial institution which, (a) has total assets of $5,000,000,000 or more, (b) is “well capitalized” within the meaning of such term under the Federal Depository Institutions Control Act, (c) is engaged in the business of lending money and extending credit under credit facilities substantially similar to those extended under this Agreement and (d) is operationally and procedurally able to meet the obligations of a Bank hereunder to the same degree as a commercial bank

Qualified Issuer means a U.S. commercial bank or a foreign bank with a U.S. branch with such bank (a) having a Credit Rating of at least A- with an outlook designation of “stable” from S&P or A3 with an outlook designation of “stable” from Moody’s or (b) ) being reasonably acceptable to Buyer.