Minimum Rating. The Program Bonds have a long-term rating of “AAA”/“Aaa”. The Complete Indenture provides that to the extent that such rating for the Program Bonds is not maintained while the proceeds thereof are Escrowed Proceeds, all proceeds that are still held in Escrow must be used immediately to redeem a corresponding amount of Program Bonds.
Minimum Rating. The Program Bonds have a long-term rating of not less than ‘Baa3’/ ‘BBB-’.
Minimum Rating. The Borrower will not permit or suffer the financial strength rating of each Regulated Insurance Company by A.M. Best Company to be less than “A-” at any time to the extent such Regulated Insurance Company is rated by A.M. Best Company.
Minimum Rating. The Obligor shall at all times maintains a minimum AM Best Financial Strength Rating of B++.
Minimum Rating. The Facilities shall have received a prospective senior secured credit rating of not less than B1 from Xxxxx'x (with a stable outlook) and B- from S&P (with a stable outlook), both of which ratings shall be in effect on the Closing Date. 50
Minimum Rating. The lowest credit rating, as set forth in this Appendix A, that a DS Supplier or Guarantor must have to obtain unsecured credit.
Minimum Rating. The Borrower will not permit or suffer the financial strength rating of each Regulated Insurance Company that is material to the Borrower and its Subsidiaries, taken as a whole by A.M. Best Company to be less than “B++” at any time to the extent such Regulated Insurance Company has an A.M. Best Company financial strength rating; 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.
Minimum Rating. The Company shall have achieved a corporate rating of BB+ or better from Standard & Poor's and Ba1or better from Xxxxx'x, such rating shall then be in effect and no downgrading shall have occurred in such rating by either of such rating agencies.
Minimum Rating. The lowest credit rating for a DS Supplier, as set forth in this Appendix A, that can obtain unsecured credit. APPENDIX B Deleted: There Disclaimer: The prices that appear in this Appendix are purely hypothetical and are not based on or derived from any actual source for forward pricing. T hey are solely for purposes of illustration. Capitalized terms not defined herein shall have the meaning in the Agreement. Deleted: Total As set forth in Article 6 (Creditworthiness) of the Agreement, the DS Supplier’s credit exposure (the “Xxxx-to-Market (MtM) Exposure Amount”) is an amount calculated each Trading Day for the DS Supplier that reflects the financial exposure to the Buyer due to fluctuations in Forward Market Prices for Energy. The MtM Exposure Amount will be equal to 1.1 times the sum of the MtM credit exposures for each applicable month. The Total Exposure Amount is the sum of the calculated Buyer’s Exposure for all Transactions under this Agreement and all other transactions under all supplier master agreements executed between the Parties pursuant to the PaPUC Orders to serve Buyer’s DS Load. For Fixed Price Default Supply, the Buyer’s Exposure during the term of a Transaction shall be calculated by determining the M tM Exposure Amount, then subtracting the sum of any unpaid or unbilled amounts owed by Buyer to DS Supplier pursuant to a Transaction. This Appendix B explains the methodology and data sources that the Buyer will use to calculate the MtM Exposure Amount and Total Exposure Amount. Deleted: that On a Transaction Date, the Buyer’s Exposure for Fixed Price Transaction shall be deemed equal to zero. To the extent that the calculations of the Total Exposure Amount for a given Trading Day result in a negative number, the Total Exposure Amount for such date shall be deemed equal to zero. Calculation of the MtM Exposure Amount and Total Exposure Amount Deleted: Exposure Amount For each Transaction, on each Trading Day subsequent to the Transaction Date, the MtM credit exposures will be calculated, with respect to each month remaining in the Delivery Period, as the sum of the following: the relevant month On-Peak Energy Forward Price minus the relevant month On-Peak Initial Xxxx Xxxxx, multiplied by the relevant month On-Peak Estimated Energy Quantity; the relevant month Off-Peak Energy Forward Price minus the relevant month Off-Peak Initial Xxxx Xxxxx, multiplied by the relevant month Off-Peak Estimated Energy Quantity where,
Minimum Rating. The Borrower shall not permit the A.M. Best financial strength rating of American Life & Security Corp. to fall below “B++”. ARTICLE VIII EVENTS OF DEFAULT AND REMEDIES Section 8.01
