Common use of Acceptable credit rating Clause in Contracts

Acceptable credit rating. For the purposes of clause 10.2, an acceptable credit rating means that the Trader or the third party (as the case may be): (a) carries a long term credit rating of at least: (i) Baa3 (Xxxxx'x Investor Services Inc.); (ii) BBB- (Standard & Poor's Rating Group); (iii) B- (AM Best); or (iv) BBB- (Fitch Ratings); and (b) if the Trader or the third party (as the case may be) carries a credit rating at the minimum level required by paragraph (a), is not subject to a negative watch or any similar arrangement by the agency that gave it the credit rating.

Acceptable credit rating. For the purposes of clause 10.212.1, an acceptable credit rating means that the Trader Retailer or the third party (as the case may be): (a) carries a long term credit rating of at least: (i) Baa3 (Xxxxx'x Investor Services Inc.); (ii) BBB- (Standard & Poor's Poors Rating Group); (iii) B- (AM Best); or (ivii) BBB- a rating that is equivalent to the rating specified in subparagraph (Fitch Ratings)i) from a rating agency that is an approved rating agency for the purposes of Part 5D of the Reserve Bank of Xxx Xxxxxxx Xxx 0000; and (b) if the Trader Retailer or the third party (as the case may be) carries a credit rating at the minimum level required by paragraph (a), is not subject to a negative watch or any similar arrangement by the agency that gave it the credit rating.

Acceptable credit rating. For the purposes of clause 10.2, an acceptable credit rating means that the Trader or the third party (as the case may be): (a) carries a long term credit rating of at least: (i) Baa3 (Xxxxx'x Moody's Investor Services Inc.); (ii) BBB- (Standard & Poor's Rating Group); (iii) B- (AM Best); or (iv) BBB- (Fitch Ratings); and (b) if the Trader or the third party (as the case may be) carries a credit rating at the minimum level required by paragraph (a), is not subject to a negative watch or any similar arrangement by the agency that gave it the credit rating.

Acceptable credit rating. For the purposes of clause 10.2, an acceptable credit rating means that the Trader or the third party (as the case may be): (a) carries a long term credit rating of at least: (i) Baa3 (Xxxxx'x Investor Services Inc.); (ii) BBB- (Standard & Poor's Poors Rating Group); (iii) B- (AM Best); or (iv) BBB- (Fitch Ratings); and (b) if the Trader or the third party (as the case may be) carries a credit rating at the minimum level required by paragraph (a), is not subject to a negative watch or any similar arrangement by the agency that gave it the credit rating.

Acceptable credit rating. For the purposes of clause 10.2, an acceptable credit rating means that the Trader or the third party (as the case may be): (a) ): carries a long term credit rating of at least: (i) Baa3 (Xxxxx'x Investor Services Inc.); (ii) BBB- (Standard & Poor's ’s Rating Group); (iii) B- (AM Best); or (iv) BBB- (Fitch Ratings); and (b) and if the Trader or the third party (as the case may be) carries a credit rating at the minimum level required by paragraph (a), is not subject to a negative watch or any similar arrangement by the agency that gave it the credit rating.

Acceptable credit rating. For the purposes of clause 10.212.1, an acceptable credit rating means that the Trader Retailer or the third party (as the case may be): (a) ): carries a long term credit rating of at least: (i) Baa3 (Xxxxx'x Investor Services Inc.); (ii) : BBB- (Standard & Poor's Poors Rating Group); ; or a rating that is equivalent to the rating specified in subparagraph (iiii) B- (AM Best)from a rating agency that is an approved rating agency for the purposes of Part 5D of the Reserve Bank of Xxx Xxxxxxx Xxx 0000; or (iv) BBB- (Fitch Ratings); and (b) and if the Trader Retailer or the third party (as the case may be) carries a credit rating at the minimum level required by paragraph (a), is not subject to a negative watch or any similar arrangement by the agency that gave it the credit rating.

Acceptable credit rating. For the purposes of clause 10.212.1, an acceptable credit rating means that the Trader Retailer or the third party (as the case may be): (a) carries a long term credit rating of at least: (i) Baa3 (Xxxxx'x Investor Services Inc.); (ii) BBB- (Standard & Poor's Poors Rating Group); (iii) B- (AM Best); or (ivii) BBB- a rating that is equivalent to the rating specified in subparagraph (Fitch Ratings)i) from a rating agency that is an approved rating agency for the purposes of Part 5D of the Reserve Bank of New Zealand Act 1989; and (b) if the Trader Retailer or the third party (as the case may be) carries a credit rating at the minimum level required by paragraph (a), is not subject to a negative watch or any similar arrangement by the agency that gave it the credit rating.

Acceptable credit rating. For the purposes of clause 10.2Schedule 6.6.2, an acceptable credit rating means that the Trader Retailer or the third party (as the case may be): (a) carries a long term credit rating of at least: (i) Baa3 (Xxxxx'x Investor Services Inc.); (ii) BBB- (Standard & Poor's Rating Group); (iii) B- (AM Best); or (iv) BBB- (Fitch Ratings); and (b) if the Trader Retailer or the third party (as the case may be) carries a credit rating at the minimum level required by paragraph (a), is not subject to a negative watch or any similar arrangement by the agency that gave it the credit rating.

Acceptable credit rating. For the purposes of clause 10.2, an acceptable credit rating means that the Trader or the third party (as the case may be): (a) carries a long term credit rating of at least: (i) Baa3 (Xxxxx'x Investor Services Inc.); (ii) BBB- (Standard & Poor's Rating Group); (iii) (B- (AM Best); or (iv) BBB- (Fitch Ratings); and (b) if the Trader or the third party (as the case may be) carries a credit rating at the minimum level required by paragraph (a), is not subject to a negative watch or any similar arrangement by the agency that gave it the credit rating.

Acceptable credit rating. For the purposes of clause 10.212.1, an acceptable credit rating means that the Trader Retailer or the third party (as the case may be): (a) ): carries a long term credit rating of at least: (i) Baa3 (Xxxxx'x Investor Services Inc.); (ii) : BBB- (Standard & Poor's ’s Rating Group); ; or a rating that is equivalent to the rating specified in subparagraph (iiii) B- (AM Best)from a rating agency that is an approved rating agency for the purposes of Part 5D of the Reserve Bank of Xxx Xxxxxxx Xxx 0000; or (iv) BBB- (Fitch Ratings); and (b) and if the Trader Retailer or the third party (as the case may be) carries a credit rating at the minimum level required by paragraph sub-clause (a), is not subject to a negative watch or any similar arrangement by the agency that gave it the credit rating.

Acceptable credit rating. For the purposes of clause 10.212.1, an acceptable credit rating means that the Trader Retailer or the third party (as the case may be): (a) carries a long term credit rating of at least:least:‌ (i) Baa3 (Xxxxx'x Investor Services Inc.); (ii) BBB- (Standard & Poor's Poors Rating Group); (iii) B- (AM Best); or (ivii) BBB- a rating that is equivalent to the rating specified in subparagraph (Fitch Ratings)i) from a rating agency that is an approved rating agency for the purposes of Part 5D of the Reserve Bank of New Zealand Act 1989; and (b) if the Trader Retailer or the third party (as the case may be) carries a credit rating at the minimum level required by paragraph (a), is not subject to a negative watch or any similar arrangement by the agency that gave it the credit rating.