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. The Company will, and will cause the Company Subsidiaries to, use commercially reasonable efforts to maintain their current ratings from A.M. Best. The parties shall cooperate in all reasonable respects concerning contacts and communications with A.M. Best and other ratings agencies.
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).
(b) Solely to the extent 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, during the period beginning on the Closing Date and ending on the date the SAM Insurance Companies and the STFC Insurance Companies have first achieved such rating (the “Advisory Board Term”), there shall be established an advisory board (jointly and not severally; and acting collectively, not individually; the “Advisory Board”) initially comprised of the three (3) persons listed on Schedule II.
(i) The Advisory Board duti...
A.M. Best Rating. Use commercially reasonable efforts to cause each of the Regulated Insurance Companies that is a Domestic Subsidiary to be rated for financial strength by A.M. Best at all times.
A.M. Best Rating. Ohio Indemnity must maintain an AM Best rating of at least B++.
A.M. Best Rating. The Borrower shall maintain at all times an A.M. Best Rating of A, and the Borrower’s Subsidiary United Life Insurance Company shall maintain an A.M. Best Rating of A- at all times.
A.M. Best Rating. Borrower shall not permit Ohio Indemnity Company’s current A. M. Best rating to be any lower than “B++”.
