SUPPLIER CERTIFICATION. Supplier shall (a) provide a ---------------------- certificate from a duly authorized corporate officer of Supplier certifying that, as of the Effective Date, Supplier has a credit rating equal to or higher than the Minimum Investment Grade Rating; or (b) post a letter of credit in a form reasonably acceptable to Buyer in the amount of the Credit Amount from a financial institution with each of: (i) a credit rating of A2 or better from Xxxxx'x Investors Service, Inc., (ii) a credit rating of A or better from Standard & Poor's Corporation, and (iii) a Minimum Tangible Net Worth ("MTNW") of one (1) billion dollars.
Appears in 5 contracts
Samples: Transitional Power Purchase Agreement (Sierra Pacific Power Co), Transitional Power Purchase Agreement (Sierra Pacific Power Co), Transitional Power Purchase Agreement (Sierra Pacific Power Co)
SUPPLIER CERTIFICATION. Supplier shall (a) provide a ---------------------- certificate from a duly authorized corporate officer of Supplier certifying that, as of the Effective Date, Supplier has a credit rating equal to or higher than the Minimum Investment Grade Rating; or (b) post a letter of credit in a form reasonably acceptable to Buyer in the amount of the Credit Amount from a financial institution with each of: (i) a credit rating of A2 or better from Xxxxx'x Investors Service, Inc., (ii) a credit rating of A or better from Standard & Poor's Corporation, and (iii) a Minimum Tangible Net Worth ("MTNW") of one (1) billion dollars.
Appears in 1 contract
Samples: Transitional Power Purchase Agreement (Wisconsin Public Service Corp)
