LOSS OF RATING Sample Clauses

LOSS OF RATING. In the event that any bank or other financial institution or Affiliate issuing a Guarantee or participating in the issue of such a Guarantee should cease to have a rating as referred to in Clause 11.1(a)(iii) or 11.1(b)(iii) on its senior unsubordinated, unsecured long-term debt, the Party which provided such Security shall, within the period of [thirty (30)] days following such loss of credit rating, provide a substitute Guarantee in respect of such issuing bank's or other financial institution's or Affiliate's obligations for the remainder of that year or pay the amount covered by the Guarantee into a Trust Fund, unless the Operating Committee otherwise decides. In addition, if the Guarantee was provided by the Affiliate of a Party, that party shall be obligated to notify promptly the Security Holder of such change in rating and of the measures being taken to comply with the requirements of this Clause. A failure by any Party to comply with any obligation under this Clause shall be a default and the provisions of Clause 25 shall apply. The Security Holder shall, promptly following such provision of a substitute Guarantee, procure the release of the replaced Guarantee.
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Related to LOSS OF RATING

  • Evaluation Rating The final summative evaluation level that is assigned to a teacher based on the holistic review of all Evaluation Factors, observed during the Evaluation Cycle. The rating shall be “accomplished”, “skilled”, “developing”, or “ineffective”. The final rating shall not be weighted in such a way that one (1) domain or component of the evaluation system has a higher importance than another, except that any area marked N/A shall not negatively impact the evaluation rating.

  • Moody’s Xxxxx’x Investors Service, Inc. and its successors.

  • Credit Rating With respect to the Competitive Supplier or Competitive Supplier’s Guarantor, its senior unsecured, unsubordinated long-term debt rating, not supported by third party credit enhancement, and if such debt is no longer rated, then the corporate or long-term issuer rating of Competitive Supplier or Competitive Supplier’s Guarantor.

  • Insurance Carrier Rating Coverages provided by Contractor must be underwritten by an insurance company deemed acceptable to the State of Washington’s Office of Risk Management. Insurance coverage shall be provided by companies authorized to do business within the State of Washington and rated A- Class VII or better in the most recently published edition of Best’s Insurance Rating. Enterprise Services reserves the right to reject all or any insurance carrier(s) with an unacceptable financial rating.

  • Industry Ratings The City will only accept coverage from an insurance carrier who offers proof that it:

  • Performance Rating Describes the Educator’s performance on each performance standard and overall. There shall be four performance ratings:  Exemplary: the Educator’s performance consistently and significantly exceeds the requirements of a standard or overall. The rating of exemplary on a standard indicates that practice significantly exceeds proficient and could serve as a model of practice on that standard district-wide.  Proficient: the Educator’s performance fully and consistently meets the requirements of a standard or overall. Proficient practice is understood to be fully satisfactory.

  • Ratings No “nationally recognized statistical rating organization” as such term is defined for purposes of Rule 436(g)(2) (i) has imposed (or has informed the Company that it is considering imposing) any condition (financial or otherwise) on the Company’s retaining any rating assigned to the Company or any securities of the Company or (ii) has indicated to the Company that it is considering any of the actions described in Section 7(c)(ii) hereof.

  • Rating The Notes can be issued without the requirement that they have any rating from a nationally recognized statistical rating organization.

  • Insurance Company Rating The required insurance must be written by a company approved to do business in the State or Texas with a financial standing of at least an A- rating, as reflected in Best’s insurance ratings or by a similar rating system recognized within the insurance industry at the time the policy is issued.

  • BBB SCDHEC shall mean the South Carolina Department of Health and Environmental Control and its authorized representatives. CCC. Statement of Basis shall mean the report(s) describing the corrective measure(s)/remedial action(s) being con ducted pursuant to South Carolina Hazardous Waste Management Regulations, as amended.

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