Acceptable Guarantor definition

Acceptable Guarantor means (a) with respect to a Seller Guaranty, [ ] (so long as it has an Acceptable Credit Rating or a tangible net worth of at least One Billion Dollars ($1,000,000,000)), (b) with respect to a Purchaser Guaranty, (i) AESI so long as it has an Acceptable Credit Rating or a tangible net worth of at least One Billion Dollars ($1,000,000,000), or (c) another Person that has an Acceptable Credit Rating or a tangible net worth of at least One Billion Dollars ($1,000,000,000).

Acceptable Guarantor means a Guarantor having an Acceptable Credit Rating.

Acceptable Guarantor means a corporation, business trust, partnership, limited liability company or other legal entity that has outstanding senior unguaranteed and unsecured long-term debt that is rated at least “BBB” by S&P or “Baa2” by Xxxxx’x.

Examples of Acceptable Guarantor in a sentence

• If the Seller Guarantor ceases to be an Acceptable Guarantor, then Seller shall be required to either (i) provide a replacement Seller Guaranty from a different Acceptable Guarantor, or (ii) replace the Seller Guaranty provided by the unqualified Seller Guarantor with a Seller Letter of Credit meeting the criteria set forth in this Article 16, in each case, no later than ten (10) Business Days after such the Guarantor ceases to be an Acceptable Guarantor.

• Acceptable Guarantor: A corporation, business trust, partnership, limited liability company or other legal entity that has outstanding senior unguaranteed and unsecured long-term debt that is rated at least “BBB” by S&P or “Baa2” by Xxxxx’x.

• Acceptable Guarantor: A corporation, business trust, partnership, limited liability company or other legal entity that has outstanding senior unguaranteed and unsecured long-term debt that is rated at least “BBB” by S&P or “Baa2” by Moody’s.

• If the Seller Guarantor ceases to be an Acceptable Guarantor, then Seller shall be required to either (i) provide a replacement Seller Guaranty from a different Acceptable Guarantor, or (ii) replace the Seller Guaranty provided by the unqualified Seller Guarantor with a Seller Letter of Credit meeting the criteria set forth in this Article 12, in each case, no later than ten (10) Business Days after the Guarantor ceases to be an Acceptable Guarantor.

• At Closing, Purchaser shall provide a Purchaser Guaranty from an Acceptable Guarantor in form and substance reasonably satisfactory to Seller in an amount equal to the Contract Price to secure the obligations of Purchaser under this Agreement.

More Definitions of Acceptable Guarantor

Acceptable Guarantor means a Person whose senior unsecured long-term debt is rated at least Investment Grade.

Acceptable Guarantor means a Person with a rating of its long-term unsecured debt obligations of not less than Investment Grade.

Acceptable Guarantor an Affiliate of Buyer that has an Acceptable Credit Rating or any other entity acceptable to Seller in its discretion;

Acceptable Guarantor means a legal person that satisfies certain conditions and that is approved by EIB for participation in an EIB Guarantee up to such Percentage Participation as EIB has approved subject (i) to the conditions EIB may in its discretion deem appropriate and (ii) to the acceptance thereof by such legal person;

Acceptable Guarantor means Energy Capital Partners I, LP, a Delaware limited partnership or a substitute entity acceptable to the Seller in its sole discretion.

Acceptable Guarantor means either: (a) China Gas Holding Limited; or (b) any other Affiliate of Charterers that is at least as creditworthy as the outgoing Charterers’ Guarantor at the time it became Charterers’ Guarantor. “Active Boil-Off” means the Boil-Off achieved when Charterers have instructed that the Vessel’s reliquefaction plant or any other Boil-Off management equipment specific for the purpose is to be used. “Affected Area” has the meaning given to it in Clause 60.1(a). “Affiliates” means with respect to any Person (the “Relevant Person”), a Person that directly or indirectly controls or is controlled by the Relevant Person or is, together with the Relevant Person, under the common control of another Person, for which purpose "control" shall mean beneficial ownership of fifty per cent (50%) or more of the voting shares of a company or other entity or of the equivalent rights to determine the decisions of such a company or other entity. “AGM” has the meaning given to it in Clause 57(a). “Anti-Boycott Regulations” has the meaning given to it in Clause 51.2(a)(i). “Ballast Service Speed” has the meaning given to it in Clause 33(b). “Bill of Lading” means any bill of lading or other document evidencing a contract of carriage. “BMP” has the meaning given to it in Clause 45(a). “Boil-Off” means the vapour, which results from vaporisation of LNG in the cargo tanks. “Builder” means Dalian Shipbuilding Industry Co., Ltd. “Business Days” means, in respect of a payment obligation of a Party, a day on which banks are open for general business in the People’s Republic of China, Singapore, and in the country in which that Party’s bank is located. “CAP” has the meaning given to it in Clause 1(b). “Cargo Capacity” means the maximum safe LNG loading limit of the Vessel as per the LNG Form B.

Acceptable Guarantor means either (i) Parent Company or such other Person provided that on the Closing Date in the case of the Parent Company and on the date of delivery of the Performance Guaranty in the case of any other Person, either (x) has a shareholders' equity, determined in accordance with GAAP, of at least Seven Hundred Fifty Million Dollars ($750,000,000) or (y)(A) has uncommitted credit available for immediate draw under its primary credit facility plus (B) unrestricted cash, which aggregates not less than Two Hundred Seventy-Five Million Dollars ($275,000,000); and (C) has a primary credit facility which contains a net worth or similar covenant of which it is not in violation or (ii) such other Person or Persons as are reasonably acceptable to City;