Financial Strength Rating. The Borrower shall have a Counterparty Risk Rating of at least “A” by S&P (or an equivalent rating by Xxxxx’x or Fitch). 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).
Financial Strength Rating. Maintain the A.M. Best Company financial strength rating of not less than B++.
Financial Strength Rating. AXIS Capital will cause each of the Subsidiary Credit Parties to maintain a financial strength rating of at least “B++” from A.M. Best & Co. (or its successor) at all times.
Financial Strength Rating. Permit the Financial Strength Rating of Alterra Bermuda or any Designated Borrower which is an Insurance Subsidiary to fall below the rating of “B++”.
Financial Strength Rating. The Borrower will cause ACA Financial Guaranty Corporation to maintain a minimum financial strength rating from S&P of A- or better. If the rating system of S&P (or its successor) shall change or if it (or its successors) shall cease to be in the business of rating the financial strength of insurance companies like the Regulated Insurance Companies, the Borrower and the Lenders shall negotiate in good faith to amend the references to the specific S&P rating in this Agreement to reflect such changed rating system or the non-availability of ratings from such agency (it being understood that any such amendment to such specific ratings shall in no event be effective without the approval of the Required Lenders).
Financial Strength Rating. Cause each of AXIS Specialty, AXIS Reinsurance, AXIS Surplus, AXIS Re, AXIS Insurance, AXIS Specialty Europe and any other Designated Borrower which is an Insurance Company to maintain a Financial Strength Rating of at least “B++” at all times.
Financial Strength Rating. New Zealand Medical Professionals Limited has been issued a Financial Strength Rating of B+ (Good) and an Issuer’s Credit Rating of bbb- (Good), with the outlook on both ratings assigned to ‘Stable’. These ratings were issued by A.M. Best on 28th March 2017.
Financial Strength Rating. With respect to the making of any Credit Extension under the Tranche B Commitments, the Administrative Agent shall have received satisfactory confirmation from A.M. Best Company that the current Financial Strength Rating of Max Bermuda and IPCRe Limited, individually or on a group basis, is “A-” or better.” and (iii) replacing the final paragraph of Section 8.2 with the following paragraph: “Each request for a Credit Extension (other than a Loan Notice requesting only a conversion of Loans to the other Type or a continuation of Eurodollar Rate Loans) submitted by a Borrower shall be deemed to be a representation and warranty that the conditions specified in Sections 8.2(b), (c) and (d) and, in the case of a Credit Extension under the Tranche B Commitments, Section 8.2(g) have been satisfied on and as of the date of the applicable Credit Extension.”
Financial Strength Rating. The Financial Strength Rating of Everest Bermuda shall be B++ or better.
Financial Strength Rating. The Company shall cause the ACE -------------------------- USA Insurance Group to maintain at all times either a S&P Rating or a Xxxxx'x Rating.
