Credit Requirement definition

Credit Requirement means a long-term credit rating (corporate or long-term senior unsecured debt) of (1) “Baa2” or higher by Xxxxx’x, and (2) “BBB” or higher by S&P.

Credit Requirement means, as of any date, the sum of (A) the aggregate unpaid principal balance of all Loans then outstanding hereunder plus (B) the then current amount of Approved Secured Rate Hedging Obligations, plus (C) the aggregate face amount of all Outstanding CPNs, plus (D) the then current amount of Approved GNMA Letter of Credit Obligations.

Credit Requirement means, as of any date, the sum of (i) the then-current Allocated Facility Amount plus (ii) the then-current Consolidated Senior Unsecured Debt plus (iii) the then-current FF&E Deficiency, if any.

Examples of Credit Requirement in a sentence

• For each FTR, for each month, ”FTR Monthly Credit Requirement Contribution” shall mean the total FTR cost for the month, prorated on a daily basis, less the FTR Historical Value for the month.

• Independent Credit Requirement or “ICR” – an amount required as security under Section 6.3 of this Agreement, to reflect the risk of Energy and Capacity price movements between the Early Termination Date caused by an Event of Default by a BGS-RSCP Supplier and the date the final calculation of Damages owing to the Company under Section 5.2 of this Agreement is made.

• The Independent Credit Requirement (“ICR”) per Tranche (“ICRT”) that will be required of each SSO Supplier under this Agreement will initially be the sum of the amounts set forth on Attachment C-1 at the inception of the Original Delivery Period for each Tranche and will decline throughout the Term in accordance with the schedule set forth on Attachment C-1.

• The Independent Credit Requirement (“ICR”) per Tranche (“ICRT”) that will be required of the XXXX Supplier under this Agreement will initially be $1,800,000 per Tranche and will decline throughout the Term in accordance with the schedule set forth on Appendix B-1.

• The Independent Credit Requirement per Tranche (“ICRT”) that will be required of BGS-RSCP Suppliers under this Agreement shall initially be $2.4 million per Tranche and shall decline in accordance with the schedule included as part of Appendix B throughout the term hereof.

More Definitions of Credit Requirement

Credit Requirement means any Margin Requirement or other credit requirement that may be specified in clause 8 or addendum in relation to a type of Transaction;

Credit Requirement means a long-term credit rating (corporate or long-term senior unsecured debt) of (1) “Baa2” or higher by Moody’s, and (2) “BBB” or higher by S&P.

Credit Requirement means that, as determined by Landlord in its reasonable discretion, Tenant shall have sufficient net worth, liquidity, creditworthiness and financial capacity to assure that Tenant will be able to pay and perform all of its obligations under the Lease during the Extension Term. If the Credit Requirement (or any other Option Condition) is not satisfied, Landlord may nullify Tenant's exercise of the Extension Option by giving written notice to Tenant. Upon any termination of this Lease and also assignment of the Tenant's interest in the Lease (except to a Permitted Transferee in accordance with the terms of the Lease), and also upon any subletting of all or any part of the Premises (except to a Permitted Transferee in accordance with the terms of this Lease), Tenant's Extension Option shall automatically terminate.

Credit Requirement means, as of any date, the aggregate unpaid principal balance of all Loans then outstanding hereunder.

Credit Requirement shall have the meaning set forth in Section 12.09.

Credit Requirement means, in the case of Contractor, that Contractor meets the requirements of any one or more of clause (i) and clause (ii) below: (i) Contractor or Contractor’s Guarantor maintains a senior unsecured debt rating from Standard & Poor’s of [ * * * ]*; (ii) if Contractor or Contractor’s Guarantor has no debt rating, Contractor meets ALL of the following credit standards: a) tangible net worth equal to the projected maximum exposure under the Contract, b) no change in the condition of Contractor’s earnings, net worth, or working capital since the effective date of The Xxxx Group, Inc.’s 10Q for the period ending November 30, 2003, which would reasonably be anticipated to impair the Contractor’s ability to meet its obligations under this Contract, and c) Contractor is not in default under any of its other agreements and is current on all of its financial obligations; and in the case of Owner, that Owner maintains a senior unsecured debt rating from Standard & Poor’s of [ * * * ]* or Xxxxx’x Investor Services of [ * * * ]*.

Credit Requirement means the requirement that, at any particular time, a Person has either (i) a Credit Rating of no less than BBB issued by Standard & Poor's (or such other designation that is the same as, or substantially the same as, a BBB rating issued by Standard & Poor's as of the date hereof), or (ii) Net Cash Flow of no less than fifteen (15) times the annual Fixed Rent payable by Tenant hereunder at such time.