A3 or higher from Xxxxx’x; “A” or higher from Fitch; and/or the equivalent from another internationally recognised credit rating agency acceptable to the Association. If we cease to satisfy such requirement, then we shall as soon as practicable notify the Operator and the Association in writing of the same;
A3 or its equivalent by Xxxxx’x Investors Service, Inc. All insurers providing Insurance required by this Loan Agreement will be authorized to issue Insurance in the Property Jurisdiction.
A3 by Moody’s, (c) “A-” by Fitch or (d) “A:X” by A.M. Best Company and (y) any one of the following: (a) “A-” by S&P, (b) “A3” by Moody’s, (c) “A-” by Fitch, (d) “A (low)” by DBRS or (e) “A:X” by A.M. Best Company; provided, however, that any claims-paying ability rating that satisfies the requirement in the preceding clause (x) will also satisfy the requirement in clause (y); and provided that (A) an insurance carrier shall be deemed to have the applicable claims-paying ability ratings set forth above if the obligations of such insurance carrier under the related insurance policy are guaranteed or backed in writing by an entity that has long-term unsecured debt obligations that are rated not lower than the ratings set forth above or claims-paying ability ratings that are not lower than the ratings set forth above; and (B) an insurance carrier will be deemed to have the applicable claims-paying ability ratings set forth in this clause (ii) if a Rating Agency Confirmation is obtained from the Rating Agency whose rating requirement has not been satisfied.
Examples of A3 in a sentence
The number of units and approximate acreage of timber designations are stated in A3.
At least thirty (30) days prior to the expiration of any policy required by this Contract, evidence of renewal or replacement policies of insurance with terms no less favorable to OGS than the expiring policies shall be delivered to OGS in the manner required for service of notice in Paragraph A.3.
The term “ride through” as used herein shall mean the ability of a Generating Facility to stay connected to and synchronized with the New York State Transmission System during system disturbances within a range of under-frequency and over-frequency conditions, in accordance with Good Utility Practice and with NPCC criteria A-3.
Local Traffic is defined as any telephone call that originates in one exchange and terminates in either the same exchange, or other local calling area associated with the originating exchange as defined and specified in Section A3 of BellSouth’s General Subscriber Service Tariff.
EAS routes are those exchanges within an exchange’s Basic Local Calling Area, as defined in Section A3 of BellSouth’s General Subscriber Services Tariff.
More Definitions of A3
A3 by Moody’s, (b) “A-” by S&P, (c) “A-” by Fitch, (d) “A-:X” by A.M. Best Company, Inc. or (e) “A(low)” by DBRS, or, in the case of clauses (i) or (ii), any other insurer acceptable to the Rating Agencies, as evidenced by a Rating Agency Confirmation.
A3 by Xxxxx’x, (d) “A(low)” by DBRS, Inc. or (e) “A-:VIII” by A.M. Best Company (or such other rating as to which a Rating Agency Confirmation has been obtained) covering the Servicer’s or Special Servicer’s, as applicable, officers and employees in connection with its activities under this Agreement. Each such insurance policy shall protect the Servicer or the Special Servicer, as applicable, against losses resulting directly from forgery, theft, embezzlement, fraud, errors and omissions of such covered persons. Coverage of the Servicer or the Special Servicer under a policy or bond obtained by an Affiliate thereof and providing the coverage required by this Section 3.11(d) shall satisfy the requirements of this Section 3.11(d). The amount of coverage shall at least be equal to the coverage that is required by the applicable governmental authorities having regulatory power over the Servicer and Special Servicer. The amount of coverage shall be in such form and amount as are consistent with Accepted Servicing Practices. In the event that any such bond or policy ceases to be in effect, the Servicer or the Special Servicer, as applicable, shall obtain a comparable replacement bond or policy. Each shall use reasonable effort to cause each and every sub-servicer, if any, to maintain a blanket fidelity bond and an errors and omissions insurance policy meeting the requirements as described above. In lieu of the foregoing, but subject to this Section 3.11, the Servicer and the Special Servicer may self-insure with respect to such risks so long as the long term debt obligations or deposits of the Servicer or the Special Servicer, as applicable (or its immediate or remote parent) are rated at least “A3” by Xxxxx’x (or such other rating as to which a Rating Agency Confirmation has been obtained).
A3 or higher from Moody’s; “A” or higher from Fitch; and/or the equivalent from another internationally recognised credit rating agency acceptable to the Association. If any such insurer ceases to satisfy such requirement, then we shall as soon as practicable notify the Insureds and the Association in writing of the same. All notices to be given to the Association in connection with this Form shall be sent by email (as a pdf, tif or similar uneditable attachment) to xxxxx@xxxx.xxx.xx. The issuance of this document does not make the Association an additional insured, nor does it modify in any manner the contract of insurance between the Insureds and any insurer. Date ……….………… Name of Broker or Agent .…………………….. Address of Broker or Agent By ……….………… ………….………. …...…….……….. ……….……….……….……….… Authorised signature Name ……….……….……….……….… Typed or Printed Title ……….……….……….……….… Typed or Printed FR-3 V E R I F I C AT I O N O F G U AR AN T E E ISSUED TO The Offshore Pollution Liability Association Limited (hereinafter referred to as the ‘Association’). We the undersigned Guarantor hereby certify and agree:
A3 or higher from Xxxxx’x; “A” or higher from Fitch; and/or the equivalent from another internationally recognised credit rating agency acceptable to the Association; and if it ceases to satisfy such requirement, it shall promptly notify the Operator and the Association of the same.
A3 or higher by Moody’s and “A-” or higher by S&P, if such Person is rated by both Moody’s and S&P or (a) “A3” or higher by Moody’s, or “A-” or higher by S&P if such Person is rated by either S&P or Moody’s.
A3. 180 “Caa1” 4770
A3 by Moody's, or the short-term, unsecured and unsubordinated debt obligations of Party A (or its successor) or any guarantor of Party A's obligations under the Agreement, are downgraded below "Prime-2" by Moody's; and