A.M. Best Rating. The Borrower will not permit its A.M. Best Rating to fall below the rating of “B++”.
Appears in 2 contracts
Samples: Reimbursement and Pledge Agreement (Montpelier Re Holdings LTD), Assignment and Assumption (Montpelier Re Holdings LTD)
A.M. Best Rating. The Borrower will not permit its A.M. Best Rating to fall below the rating of “B++”” or to be withdrawn.
Appears in 2 contracts
Samples: Reimbursement and Pledge Agreement (Montpelier Re Holdings LTD), Reimbursement and Pledge Agreement (Montpelier Re Holdings LTD)