Common use of Confirmation of Rating Clause in Contracts

Confirmation of Rating. The Company and the other insurance Subsidiaries of ProAssurance shall not be rated lower than "A-" by A.M. Best Company and Standard & Poors, nor shall the Company or ProAssurance have received notice from A.M. Best Company or Standard & Poors of their intention to lower the rating of the Company or any of the other insurance Subsidiaries of ProAssurance below "A-" after giving effect to the Offer or the Merger.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Proassurance Corp), Agreement and Plan of Merger (Proassurance Corp)

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Confirmation of Rating. The Company and the other insurance Subsidiaries of ProAssurance shall not be rated lower than "A-" by A.M. Best Company and Standard & Poors, nor or shall the Company or ProAssurance have received notice from A.M. Best Company or Standard & Poors of their intention to lower the rating of the Company or any of the other insurance Subsidiaries of ProAssurance below "A-" after giving effect to the Offer or the Merger.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Proassurance Corp), Agreement and Plan of Merger (Proassurance Corp)

Confirmation of Rating. The Company and the other insurance Subsidiaries of ProAssurance shall not be rated lower than "A-" by A.M. Best Company and Standard & Poors, nor or shall the Company or ProAssurance have received notice from A.M. Best Company or Standard & Poors of their intention to lower the rating of the Company or any of the other insurance Subsidiaries of ProAssurance below "A-" after giving effect to the Offer or the Merger.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Meemic Holdings Inc)

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Confirmation of Rating. The Company and the other insurance Subsidiaries of ProAssurance shall not be rated lower than "A-" by A.M. Best Company and Standard & Poors, nor shall the Company or ProAssurance have received notice from A.M. Best Company or Standard & Poors of their intention to lower the rating of the Company or any of the other insurance Subsidiaries of ProAssurance below "A-" after giving effect to the Offer or the Merger.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Meemic Holdings Inc)

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