Claims Paying Ratings. The Company shall ensure that Validus Re and each other Regulated Insurance Company that is material to the Company and its Subsidiaries, taken as a whole, has in effect, at all times, a current financial strength rating of no less than "B++" from A.M. Best Company, Inc. (or its successor).
Appears in 2 contracts
Samples: Five Year Secured Letter of Credit Facility Agreement (Validus Holdings LTD), Three Year Unsecured Letter of Credit Facility Agreement (Validus Holdings LTD)
Claims Paying Ratings. The Company shall ensure that Validus Re and each other Regulated Insurance Company that is material to the Company and its Subsidiaries, taken as a whole, has in effect, at all times, a current financial strength rating of no less than "“B++" ” from A.M. Best Company, Inc. (or its successor).
Appears in 2 contracts
Samples: Revolving Credit Facility Agreement (Validus Holdings LTD), Three Year Unsecured Letter of Credit Facility Agreement (Validus Holdings LTD)
