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 The Borrower will not permit its A.M. Best Rating to fall below the rating of “B++”” or to be withdrawn.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