Minimum Credit Rating definition

Minimum Credit Rating has the meaning set forth in Annex I.

Minimum Credit Rating means a credit rating of at least BBB- from S&P and at least Baa3 from Moody's.

Minimum Credit Rating means a rating of at least (a) BB- by Standard & Poor’s Financial Services LLC, (b) Ba3 by Xxxxx’x Investors Service, Inc., or (c) BB- by Fitch, Inc.

Examples of Minimum Credit Rating in a sentence

• Prior to a reduction in the long-term or short-term IDR of Piraeus Bank to or below the relevant Minimum Credit Rating (such occurrence, a Segregation Event), Piraeus Bank will be entitled to draw sums from time to time standing to the credit of the Collection Accounts in addition to any funds available to it for any purpose including to make payments on the Covered Bonds.

• In case a share becomes the property of several persons, Depozitarul Central S.A. is not bound to record the transmission as long as those persons will not designate a unique representative for exercising the rights resulting from share.- Art.

• Minimum Credit Rating means a long-term and short-term IDR of at least BBB+ and F2 respectively by Fitch (or such other ratings which are consistent with the published criteria of the Rating Agencies).

• Minimum Credit Rating (MCR) Requirements - the Bank requires that counterparties and investments meet the respective minimum credit rating requirements, as approved by the MB.

• Treasury determines the adoption of a Minimum Credit Rating and a Target Capital Structure regime by a government business based on various criteria including the characteristics of its business activities, capital intensity of the business’s operations, the riskiness of its operating revenues and expenses, and government policies.

More Definitions of Minimum Credit Rating

Minimum Credit Rating of a Person means that the Credit Rating of that Person is at least (a) BBB- (or its equivalent) as determined by Standard & Poor’s and (b) Baa3 (or its equivalent) as determined by Xxxxx’x.

Minimum Credit Rating means a REC Supplier’s or REC Supplier’s Guarantor minimum senior unsecured debt rating (or, if unavailable, corporate issuer rating) of at least “BB+” from Standard & Poor’s Rating Services (“S&P”), “Ba1” from Xxxxx’x Investors Service, Inc. (“Moody’s”) or “BB+” from Fitch, Inc. If the REC Supplier or REC Supplier’s Guarantor has only two ratings, and the ratings are split, the higher rating will be used. If the REC Supplier or REC Supplier’s Guarantor has all three ratings, and the ratings are split, the lower of the two highest ratings will be used; provided that, in the event that the two highest ratings are common, such common rating will be used. If the REC Supplier or REC Supplier’s Guarantor is not rated, then the REC Supplier or REC Supplier’s Guarantor may submit three years of audited balance sheet, income and cash flow statements, and associated financial notes to the Buyer for review. Non-Defaulting Party has the meaning set forth in Section 11.1.

Minimum Credit Rating means (a) in relation to any L/C Issuer either a minimum Standard and Poors corporate rating of AA- or a minimum Moodys long term credit rating of Aa3 and (b) in relation to the Refund Guarantor a minimum long term credit rating of A- or equivalent by either Standard and Poors or Fitch.

Minimum Credit Rating means at least Baa3 by Moody’s and at least BBB+ by Fitch (or such other ratings that may be agreed by the Rating Agencies from time to time). Disposal of the Loan Assets Following the occurrence of an Issuer Event the Servicer shall be obligedto sell in whole or in part the Loan Assets in accordance with the provisions of the Servicing and Cash Management Deed. The proceeds from any such sale will be credited to the Transaction Account and applied in accordance with the Post Issuer Event Priority of Payments. In certain circumstances the Issuer shall have the right to prevent the sale of Loan Assets to third parties by removing the Loan Assets made subject to sale from the Cover Pool and transferring within 10 Athens Business Days from the receipt of an offer letter, to the Transaction Account, an amount equal to the price set forth in such offer letter, subject to theprovision of a solvency certificate. See “Description of Principal Documents – The Servicing and Cash Management Deed”. Following the service of a Notice of Default, the Trustee shall be entitled to direct the Servicer to dispose of the Cover Pool. Undertaking of the Issuer in respect of the Cover Pool Representations and Warranties of the IssuerPursuant to the Transaction Documents, the Servicer undertakes to manage the Cover Pool in the interest of the Covered Bondholders and the other Secured Creditors and undertakes to take in a timely manner, any actions required in order to ensure that the servicing of the Loan Assets is conducted in accordance with the collection policy and recovery procedure applicable to the Issuer. Under the Servicing and Cash Management Deed, the Issuer has made and will make certain representations and warranties regarding itself and the Cover Pool Assets including, inter alia:

Minimum Credit Rating means a long-term senior unsecured debt rating by Xxxxx'x Investors Service, Inc. of at least "Baa1" and a long-term senior unsecured debt rating by Standard and Poor's Ratings Services, a division of The XxXxxx-Xxxx Companies, Inc. of at least "BBB+."

Minimum Credit Rating means, with respect to a party, such party’s senior unsecured debt is rated “BBB+” or better by S&P, “BBB+” or better by Fitch, or “Baa1” or better by Moody’s.

Minimum Credit Rating means any of the following (i) a long term issuer default rating of BBB- from S&P, (ii) a long term issuer rating of Baa3 from Moody’s, or (iii) a long term issuer default rating of BBB- from Fitch.