A.M. Best Rating. The Borrower will not permit its A.M. Best Rating to fall below the rating of “B++”.
A.M. Best Rating. On the Effective Date, each Regulated Insurance Company shall have an A.M. Best financial strength rating of at least “B++”.
A.M. Best Rating. Not permit the A.M. Best rating of any of its Material Insurance Subsidiaries to be less than A-.
A.M. Best Rating. On the Effective Date, each Borrower which is a Regulated Insurance Company or has a Subsidiary which is a Regulated Insurance Company shall cause such Regulated Insurance Company which has a claims paying rating from A.M. Best Co. (or its successor) to have an A.M. Best financial strength rating of at least “B++”.
A.M. Best Rating. After the Effective Time, the Surviving Corporation will use commercially reasonable efforts to have the MSA Insurance Company Subsidiaries included in the Surviving Corporation’s A.M. Best ratings group and its National Association of Insurance Commissioners group number including in such efforts, if and as necessary, the establishment of a quota share reinsurance or reinsurance pooling arrangement among one or more MSA Group Insurance Companies and one or more AFI Insurance Company Subsidiaries. Time:
A.M. Best Rating. Each MSA Group Insurance Company shall have been and continue to be assigned a financial strength rating of “A-” or higher by A.M. Best Company; and A.M. Best Company shall not have notified any AFI Group Company or MSA Group Company that it intends to downgrade any such rating below “A-” (excluding any such downgrade resulting solely from the announcement of the Merger).
A.M. Best Rating. From and after the date of this Agreement until the earlier of (a) the Closing and (b) the termination of this Agreement in accordance with its terms, the Seller and the Buyer shall use commercially reasonable efforts to pursue, for the period from and after the Closing, an AM Best independent rating of A- or above for the Company. For the avoidance of doubt, Xxxxxx expressly agrees that such rating may not be obtained, and the obtainment of such rating shall not be a condition to the Closing.
A.M. Best Rating. Ohio Indemnity must maintain an AM Best rating of at least B++.
A.M. Best Rating. (a) LMHC shall use reasonable best efforts to cause the SAM Insurance Companies and the STFC Insurance Companies to achieve an A.M. Best rating that is equivalent to the LMHC group rating (either as a group rating, through reinsurance or otherwise), including as part of such efforts, (i) the establishment of a quota share reinsurance or reinsurance pooling arrangement among one or more SAM Insurance Companies or STFC Insurance Companies and one or more LMHC Existing Reorganized Insurers or other insurance company Subsidiary thereof, subject to receiving required regulatory approvals and (ii) making any required filings with Insurance Regulators in connection therewith within ninety (90) days of the date hereof. In the event the SAM Insurance Companies and the STFC Insurance Companies have not received an A.M. Best rating that is equivalent to the LMHC group rating as of the Closing, LMHC shall continue to use reasonable best efforts to cause the SAM Insurance Companies and the STFC Insurance Companies to achieve such rating (either as a group rating, through reinsurance or otherwise) within six (6) months of the Closing. If the SAM Insurance Companies and the STFC Insurance Companies have not achieved such rating (either as a group rating, through reinsurance or otherwise), within such six (6) month period, then, subject, in each case, to receiving required regulatory approvals, LMHC shall promptly thereafter (and in no event later than the end of the ninth (9th) month following the Closing) make any required filings with Insurance Regulators either to enter into a financial guarantee agreement, provide a capital infusion in support of the SAM Insurance Companies and the STFC Insurance Companies or take such other reasonable steps in order to achieve such rating action and, subject to receipt of required regulatory approval(s), implement such measure(s).
A.M. Best Rating. Borrower shall not permit Ohio Indemnity Company’s current A. M. Best rating to be any lower than “B++”.
