Financial Strength Ratings. None of XL Capital, XL Insurance and XL Re will permit at any time its financial strength ratings to be less than "A-" from A.M. Best & Co. (or its successor).
Financial Strength Ratings. None of XL Insurance (Bermuda), XL Re and XL Re Europe will permit at any time its financial strength ratings to be less than “A-” from A.M. Best & Co. (or its successor), except (i) as a result of a merger permitted by Section 7.01 where the surviving corporation has a financial strength rating not less than “A-” from A.M. Best & Co. (or its successor) or (ii) in the event that A.M. Best & Co (or its successor) ceases to rate such company.
Financial Strength Ratings. Each Designated Subsidiary Borrower (other than ACUS and any such Borrower whose principal business is mortgage insurance) will maintain at all times a Financial Strength Rating of at least “B++” by A.M. Best Company, Inc. or “BBB+” from S&P; provided that any Designated Subsidiary Borrower that is a Regulated Insurance Company acquired or created after the Closing Date shall not be required to comply with this Section 6.09 until the date occurring 180 days after the date of such acquisition or creation.
Financial Strength Ratings. The Account Party shall at all times maintain a financial strength rating by A.M. Best Company and shall not permit such rating to be lower than “B++.”
Financial Strength Ratings. Ensure that Essent Guaranty maintains financial strength ratings from S&P and Xxxxx’x. With the consent of the Administrative Agent, a financial strength rating from S&P or Xxxxx’x can be replaced with a financial strength rating from another nationally recognized statistical rating organization.
Financial Strength Ratings. The Borrower shall ensure that each Regulated Insurance Company that is material to the Borrower and its Subsidiaries, taken as a whole, has in effect, at all times (except to the extent such Regulated Insurance Company no longer exists as a result of a transaction expressly permitted by Section 6.03 or Section 6.05), a current financial strength rating of no less than “A-” from A.M. Best Company, if such Regulated Insurance Company is rated; provided that the requirements of this Section 5.09 shall apply to the Regulated Insurance Companies, as a group, to the extent the Regulated Insurance Companies are rated as a group (and not individually) by A.M. Best Company.
Financial Strength Ratings. The Borrower shall maintain at all times a Financial Strength Rating of at least "B++" by A.M. Best Company, Inc. or "BBB+" from S&P.
Financial Strength Ratings. The Borrower shall ensure that each Regulated Insurance Company that is material to the Borrower and its Subsidiaries, taken as a whole, has in effect, at all times (except to the extent such Regulated Insurance Company no longer exists as a result of a transaction expressly permitted by Section 6.03 or Section 6.05), a current financial strength rating of no less than “B++” from A.M. Best Company, if such Regulated Insurance Company has a financial strength rating from A.M. Best Company; provided, that, in the case of a Regulated Insurance Company that is acquired after the Effective Date, such Regulated Insurance Company may have a financial strength rating by A.M. Best Company of less than “B++” until the date that is one (1) year after the date of acquisition of such Regulated Insurance Company.
Financial Strength Ratings. Each Designated Subsidiary Borrower (other than ACUS, AGRL and any such Borrower whose principal business is mortgage insurance) will maintain at all times a Financial Strength Rating of at least “B++” by A.M. Best or “BBB+” from S&P; provided that any Designated Subsidiary Borrower that is a Regulated Insurance Company acquired or created after the Closing Date shall not be required to comply with this Section 6.09 until the date occurring 180 days after the date of such acquisition or creation; provided, further, that if AGRL satisfies the AGRL Ratings Requirement and the AGRL Sublimit ceases to apply, AGRL will maintain at all times thereafter a Financial Strength Rating of (i) if AGRL shall have satisfied the AGRL Ratings Requirement by achieving a Financial Strength Rating of at least A- from A.M. Best, at least “B++” by A.M. Best or (ii) if AGRL shall have satisfied the AGRL Ratings Requirement by achieving a Financial Strength Rating of at least A from S&P, at least “BBB+” by S&P.
Financial Strength Ratings. Everest Bermuda shall at all times maintain a financial strength rating by A.M. Best Company and shall not permit such rating to be lower than “B++.”
