Required Credit Rating definition

Required Credit Rating has the meaning specified in clause 27.1.
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Required Credit Rating means a long-term credit rating of at least A- by Standard and Poor’s (or equivalent rating).
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Required Credit Rating has the meaning given in Clause 11.1; “Security Document” has the meaning given in Clause 11.1; “Security Provider” has the meaning given in Clause 11.1;
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Examples of Required Credit Rating in a sentence

  • The Issuer may enter into a Derivative Contract(s) with Derivative Counterparty(ies) with the Required Credit Rating in order to manage the Issuer's interest rate risks.

  • If the Account Bank ceases to have the Required Credit Rating, then the Issuer shall, in consultation with the Security SPV, appoint a successor Account Bank with the Required Credit Rating.

  • The Manager must only give to the Trustee as a trustee of a Series Trust a proposal to acquire Authorised Short-Term Investments where the Authorised Short-Term Investment, or the issuer in respect thereof, at the time of the proposed acquisition, has at least the Required Credit Rating for that Series Trust.

  • Where the tenderer does not hold the Required Credit Rating, provide credit cover in the form of a letter of credit or parent company guarantee in order to secure payment to National Grid for any retained Gas-In-Storage.

  • Required Credit Rating in relation to Authorised Short-Term Investments and a Series Trust means the minimum rating that the Authorised Short-Term Investments in relation to that Series Trust must have from each Rating Agency as specified in the Series Supplement for that Series Trust.


More Definitions of Required Credit Rating

Required Credit Rating has the meaning given in Clause 16.1(c); “Run-off Period” means the period specified as such in Schedule 1; “Schedule” means a schedule to this Agreement;
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Required Credit Rating means A-1 (or its equivalent) or higher from Standard & Poor's and P-1 (or its equivalent) or higher from Moody's, as the case may be.
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Required Credit Rating means, in the case of any Person, that such Person’s long-term senior, unsecured, unsubordinated debt obligations (not supported by third party credit enhancements) are rated by at least one of S&P and Moody’s, and that such Person has a Credit Rating of “Baa1” or higher by Moody’s, or “BBB+” or higher by S&P.
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Required Credit Rating means a rating equal to or higher than BB+ (or the equivalent) by Fitch, Ba1 (or the equivalent) by Moody’s, BB+ (or the equivalent) by S&P, or in each such case, an equivalent rating of any replacement agency for Fitch, Moody’s or S&P, as applicable, if such agency is no longer registered as a “nationally recognized statistical rating organization” with the SEC.
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Required Credit Rating means a senior unsecured debt rating of BBB- or better as determined by Standard & Poors (or, if such credit rating agency does not then exist, by its successor or a comparable replacement credit rating agency reasonably designated by Landlord) for the immediately preceding six (6) consecutive calendar quarters.
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Required Credit Rating means a long term debt rating of at least A-/A3 from a Credit Rating Agency (where such rating conflicts, the lower ratings will be used). Reservation Date means the date on which NGG reserves the Reserved Capacity on behalf of the Reservation Party in accordance with Clause 3.1.
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Required Credit Rating means a Credit Rating equivalent to the Credit Rating of UI as of the Effective Date.
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