Minimum Ratings Sample Clauses

Minimum Ratings. The Borrower shall ensure that its long term issuer credit rating, as determined by A.M. Best Company, Inc., is not less than bbb.
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Minimum Ratings. The Guarantor shall at all times maintain a Moodx'x Xxxing of not less than A3 and an S&P Rating of not less than A-.
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Minimum Ratings. The Company shall at all times maintain a Moodx'x Xxxing of not less than Baa2 and an S&P Rating of not less than BBB.
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Minimum Ratings. The Borrower's 8% Senior Notes due 2009 shall be rated at least Ba3 by Moody's and at least BB- by S&P and neither Moody's (only if sucx xxtes are rated Ba3) nor S&P (only if such notes are rated BB-) shall have publicly announced that it has such notes under surveillance or review with possible negative implications.
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Minimum Ratings. The Borrower shall have obtained a rating for the Facilities of at least B1 from Xxxxx'x and at least B+ from S&P.
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Minimum Ratings. On or prior to the Initial Borrowing Date, the Borrower shall have received a prospective senior secured credit rating of not less than BB- from S&P and not less than Ba3 from Mxxxx’x, and such ratings shall be in effect on the Initial Borrowing Date.
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Related to Minimum Ratings

  • Credit Ratings Use commercially reasonable efforts to maintain at all times (a) a credit rating by each of S&P and Xxxxx’x in respect of the Term Facility and (b) a public corporate rating by S&P and a public corporate family rating by Xxxxx’x for the Borrower, in each case with no requirement to maintain any specific minimum rating.

  • 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.

  • No Ratings There are no securities or preferred stock of or guaranteed by the Company or any of its subsidiaries that are rated by a “nationally recognized statistical rating organization,” as such term is defined under Section 3(a)(62) under the 1934 Act.

  • Industry Ratings The City will only accept coverage from an insurance carrier who offers proof that it: a. Is authorized to do business in the State of Kansas; b. Carries a Best's policyholder rating of A- or better; and c. Carries at least a Class VIII financial rating; or d. Is a company mutually agreed upon by the City and Consulting Engineer/Architect.

  • Required Ratings The Offered Certificates shall have received Required Ratings of at least [ ] from [ ].

  • Debt Ratings Prompt notice of any change in its Debt Ratings.

  • Maximum Rate Notwithstanding anything to the contrary contained elsewhere in this Credit Agreement or in any other Credit Document, the Borrowers, the Agent and the Lenders hereby agree that all agreements among them under this Credit Agreement and the other Credit Documents, whether now existing or hereafter arising and whether written or oral, are expressly limited so that in no contingency or event whatsoever shall the amount paid, or agreed to be paid, to the Agent or any Lender for the use, forbearance, or detention of the money loaned to any Borrower and evidenced hereby or thereby or for the performance or payment of any covenant or obligation contained herein or therein, exceed the Highest Lawful Rate. If due to any circumstance whatsoever, fulfillment of any provisions of this Credit Agreement or any of the other Credit Documents at the time performance of such provision shall be due shall exceed the Highest Lawful Rate, then, automatically, the obligation to be fulfilled shall be modified or reduced to the extent necessary to limit such interest to the Highest Lawful Rate, and if from any such circumstance any Lender should ever receive anything of value deemed interest by applicable law which would exceed the Highest Lawful Rate, such excessive interest shall be applied to the reduction of the principal amount then outstanding hereunder or on account of any other then outstanding Obligations and not to the payment of interest, or if such excessive interest exceeds the principal unpaid balance then outstanding hereunder and such other then outstanding Obligations, such excess shall be refunded to the applicable Borrower. All sums paid or agreed to be paid to the Agent or any Lender for the use, forbearance, or detention of the Obligations and other indebtedness of the Borrowers to the Agent or any Lender shall, to the extent permitted by applicable law, be amortized, prorated, allocated and spread throughout the full term of such indebtedness until payment in full so that the actual rate of interest on account of all such indebtedness does not exceed the Highest Lawful Rate throughout the entire term of such indebtedness. The terms and provisions of this Section shall control every other provision of this Credit Agreement and all agreements among the Borrowers, the Agent and the Lenders.

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

  • Payment Grace Period The Borrower shall have a ten (10) day grace period to pay any monetary amounts due under this Note, after which grace period a default interest rate of fifteen percent (15%) per annum shall apply to the amounts owed hereunder.

  • Debt Rating The Liquidity Provider has a short-term debt ratings of “P-1” from Xxxxx’x and “F1+” from Fitch.

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