Credit Entity means any Person that immediately following such assignment or subletting and having given effect thereto will have a publicly traded unsecured senior debt rating of “Baa3” or better from Mxxxx’x or a rating of “BBB-” or better from S&P and is not on “Negative Credit Watch” by S&P or Mxxxx’x (or, if such Person does not then have rated debt, a determination that by either of such rating agencies its unsecured senior debt would be so rated by such agency), and in the event both such rating agencies cease to furnish such ratings, then a comparable rating by any rating agency acceptable to Landlord and Lender.
Credit Entity means any Person that immediately following such assignment or subletting and having given effect thereto will have a publicly traded unsecured senior debt rating of “Baa” or better from Moody's or a rating of “BBB” or better from S&P (or, if such Person does not then have rated debt, a determination that by either of such rating agencies its unsecured senior debt would be so rated by such agency and will not be on “Negative Credit Watch”), and in the event both such rating agencies cease to furnish such ratings, then a comparable rating by any rating agency acceptable to Landlord and Lender.
Credit Entity means any Person that qualifies under at least one of the following clauses (x) or (y) immediately after the effectiveness of the Parent Change of Control (giving effect thereto) or at such other time as contemplated under Section 16 hereof: (x) as determined by US GAAP on a consolidated basis with such Person’s consolidated Subsidiaries, such Person shall have (1) a tangible net worth of no less than $300,000,000, (2) a Coverage Ratio of no less than 3.5 to 1.0 and (3) a Lease Adjusted Leverage Ratio of no greater than 4.5 to 1.0; or (y) the rating assigned to the senior unsecured long term indebtedness of such Person by Standard & Poor’s is “BB” or higher or such indebtedness is assigned a comparable rating by any rating agency reasonably acceptable to Landlord. For purposes of Section 16 or any Parent Change of Control, the calculations determining whether such Person is a Credit Entity shall be performed, if applicable, on a pro forma basis, giving effect to the transaction triggering the application of the calculation and to any other acquisition or disposition entered into by such Person during the relevant 12-month period (including pro forma adjustments arising out of events which are directly attributable to any acquisition or disposition of assets, are factually supportable and are expected to have a continuing impact) as if such acquisition or disposition (and any related incurrence, repayment or assumption of indebtedness or lease obligations) had occurred on the first day of the relevant 12-month period.
Examples of Credit Entity in a sentence
Figure5.6 below indicates secondary mode of waste collection at Sakasaka in TAMA.
The City, as lessor of the Premises, hereby consents to the sublease of the Premises to the Tax Credit Entity and the sub-sublease of the Premises to the Lessee for the purpose of providing Rehab Tax Credit financing proceeds to the Lessee.
For the purposes of consents pursuant to this Section 1103, a Credit Entity shall be deemed to be the Holder of Senior Lien Bonds or Junior Lien Bonds pledged by the Authority to the Credit Entity or owned by the Credit Entity or Senior Lien Bonds or Junior Lien Bonds secured by a Credit Facility except to the extent the Credit Entity has not honored a draw on its Credit Facility which draw complies with the requirements of the Credit Facility.
If the Manager no longer provides investment management services to a Tribeca Credit Entity then any rebate of management fees or performance fees will cease from the date of termination, and the management and performance fee otherwise payable, will become applicable.
The Company does not intend to control any Tribeca Credit Entity, including the AUD Credit Fund.
More Definitions of Credit Entity
Credit Entity means, with respect to a Series of Bonds or a maturity of such Series, a commercial bank, a bond insurance company, any other financial institution or combination of such financial institutions or governmental entity which issues a Credit Facility for such Series of Bonds or maturities but only while such Credit Facility is outstanding or Reimbursement Obligations or Junior Lien Reimbursement Obligations or other amounts are outstanding under any written agreement with a Credit Entity pursuant to which a Credit Facility is issued.
Credit Entity means any person that immediately following such assignment and having given effect thereto will have a publicly traded unsecured senior debt rating of "Baa2" or better from Xxxxx'x Investor's Services, Inc. or a rating of "BBB" or better from Standard & Poor's Corporation (or comparable ratings from successor rating agencies) (or, if such Person does not then have rated debt, a determination that by either of such rating agencies its unsecured senior debt would be so rated by such agency);
Credit Entity means any Person that immediately following such assignment or subletting and having given effect thereto will have a publicly traded unsecured senior debt rating of “Baa2” or better from Xxxxx’x or a rating of “BBB” or better from S&P (or, if such Person does not then have rated debt, a determination that by either of such rating agencies its unsecured senior debt would be so rated by such agency and will not be on “Negative Credit Watch”), and in the event both such rating agencies cease to furnish such ratings, then a comparable rating by any rating agency acceptable to Landlord and Lender. To the extent a permitted Asset Transfer requires a bifurcation of this Lease into two leases, one for each Related Premises (each a “Bifurcated Lease”), this Lease shall be bifurcated at Tenant’s Cost, and the Basic Rent under each such Bifurcated Lease shall be allocated between each of the Related Premises as provided in Exhibit F of this Lease. Notwithstanding anything to the contrary contained in this Lease, in the event that an Asset Transfer shall result in Landlord being required to defease the Loan on any date after the Final Assumption Order Date, Tenant shall pay and reimburse Landlord for all Costs in connection with such defeasance.
Credit Entity means any Person that immediately following such assignment and having given effect thereto will have (i) a publicly traded unsecured senior debt rating of “A2” or better from Xxxxx’x or a rating of “A” or better from S&P, and in the event both such rating agencies cease to furnish such ratings, then a comparable rating by any rating agency acceptable to Landlord and Lender, and (ii) a net worth of not less than Three Billion ($3,000,000,000) Dollars.
Credit Entity means any Person engaged in a business or activity in which it qualifies under at least one of the following subsections (x) or (y), each as determined in accordance with GAAP immediately after the effectiveness of the proposed Parent Change of Control (giving effect thereto) and on a consolidated basis with such Person’s consolidated Subsidiaries: (x) such Person has maintained at all times during the immediately preceding eighteen-month period (1) a tangible net worth of no less than $300,000,000, (2) a ratio of total debt to Consolidated EBITDA of less than 3.7 to 1.0, and (3) a ratio of total debt to equity of less than 1.5 to 1.0; or (y) the rating assigned to the senior unsecured long term indebtedness of such Person by Standard & Poor’s is “BB” or higher, or a comparable rating by any rating agency reasonably acceptable to Landlord.
Credit Entity means (i) any Person that immediately following such assignment or subletting and having given effect thereto will have an Investment Grade Rating and (ii) any Person that is and continues for the balance of the Term to be a member of the Tenant Group. (b) If Tenant desires to assign this Lease, whether by operation of law or otherwise, to a Person (“Non-Preapproved Assignee”) that is not a Credit Entity (each a “Non-Preapproved Assignment”) then Tenant shall, not less than sixty (60) days prior to the date on which it desires to make a Non-Preapproved Assignment, submit to Landlord and Lender information regarding the following with respect to the Non-Preapproved Assignee (collectively, the “Review Criteria”): (A) credit, (B) capital structure, (C) management, (D) operating history, (E) proposed use of the Leased Premises and (F) risk factors associated with the proposed use of the Leased Premises by the Non-Preapproved Assignee, taking into account factors such as environmental concerns, product liability and the like. Landlord and Lender shall review such information and shall approve or disapprove the Non-Preapproved Assignee no later than the thirtieth (30th) day following receipt of all such information, and Landlord and Lender shall be deemed to have acted reasonably in granting or withholding consent if such grant or disapproval
Credit Entity means any Person engaged in a business or activity in which such Person qualifies under at least one of the following subsections (A) or (B), each as determined in accordance with GAAP immediately after the effectiveness of the proposed Transfer (giving effect thereto): (A) such Person has maintained at all times during the immediately preceding eighteen-month period (1) a tangible net worth of no less than $300,000,000, (2) a ratio of total debt to Consolidated EBITDA of less than 3.7 to 1.0, and (3) a ratio of total debt to equity of less than 1.5 to 1.0; or (B) the rating assigned to the senior unsecured long term indebtedness of such Person by Standard & Poor’s is “BB” or higher, or a comparable rating by any rating agency reasonably acceptable to Landlord.