Common use of Acceptable credit rating Clause in Contracts

Acceptable credit rating. For the purposes of clause 1.1, an acceptable credit rating means that the Network User or the third party (as the case may be): (a) carries a long term credit rating of at least: (i) BBB- (Standard & Poor’s Rating Group); or (ii) a rating that is equivalent to the rating specified in subparagraph (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 Network User or the third party (as the case may be) carries a credit rating at the minimum level required by 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 1.112.1, an acceptable credit rating means that the Network User Retailer or the third party (as the case may be): (a) carries a long term credit rating of at least: (i) BBB- (Standard & Poor’s Rating Group); or (ii) a rating that is equivalent to the rating specified in subparagraph (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 Network User Retailer or the third party (as the case may be) carries a credit rating at the minimum level required by 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 1.112.1, an acceptable credit rating means that the Network User Retailer or the third party (as the case may be): (a) carries a long term credit rating of at least: (i) BBB- (Standard & Poor’s Rating Group); or (ii) a rating that is equivalent to the rating specified in subparagraph (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 Network User Retailer or the third party (as the case may be) carries a credit rating at the minimum level required by sub-clause 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 1.112.1 and 12.6, an acceptable credit rating means that the Network User Retailer or the third party (as the case may be): (a) carries a long term credit rating of at least: (i) BBB- (Standard & Poor’s Rating Group); or (ii) a rating that is equivalent to the rating specified in subparagraph (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 0000New Zealand Act 1989; and (b) if the Network User Retailer or the third party (as the case may be) carries a credit rating at the minimum level required by 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 1.1Clause 15.1, an acceptable credit rating means that the Network User Retailer or the third party (as the case may be): (a) carries a long term credit rating of at least: (i) BBB- (Standard & Poor’s Poors Rating Group); or (ii) a rating that is equivalent to the rating specified in subparagraph (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 Network User Retailer or the third party (as the case may be) carries a credit rating at the minimum level required by sub-clause 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 1.113.1, an acceptable credit rating means that the Network User Retailer or the third party (as the case may be): (a) carries a long term credit rating of at least: (i) BBB- (Standard & Poor’s Rating Group); or (ii) a rating that is equivalent to the rating specified in subparagraph (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 Network User Retailer or the third party (as the case may be) carries a credit rating at the minimum level required by sub-clause (aclause13.2(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 1.112.1, an acceptable credit rating means that the Network User Retailer or the third party (as the case may be): (a) carries a long term credit rating of at least: (i) BBB- (Standard & Poor’s Rating Group); or (ii) a rating that is equivalent to the rating specified in subparagraph subparagraph (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 Network User Retailer or the third party (as the case may be) carries a credit rating at the minimum level required by 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 1.112.1, an acceptable credit rating means that the Network User Retailer or the third party (as the case may be): (a) carries a long term credit rating of at least:least:‌ (i) BBB- (Standard & Poor’s Poors Rating Group); or (ii) a rating that is equivalent to the rating specified in subparagraph (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 Network User Retailer or the third party (as the case may be) carries a credit rating at the minimum level required by sub-clause 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 1.112.1, an acceptable credit rating means that the Network User Trader or the third party (as the case may be): (a) carries a long term credit rating of at least: (i) BBB- (Standard & Poor’s Rating Group); or (ii) a rating that is equivalent to the rating specified in subparagraph (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 Network User Trader or the third party (as the case may be) carries a credit rating at the minimum level required by sub-clause paragraph (a), is not subject to a negative watch or any similar arrangement by the agency that gave it the credit rating.