AA definition
Examples of AA in a sentence
The Company shall maintain the key man insurance plans in place on the lives of [●] and [●] with an insurance rated at least AA or better in the most recent edition of “Best’s Life Reports” in the amounts in place as of the date of this Agreement with the Company as the sole beneficiary.
Notwithstanding anything to the contrary, this Section 2.6.2 shall not apply with respect to obligations, actions or omissions of actions that are the responsibility of Sionna under this Agreement (including Sionna’s payment obligations under Section 4.7) or the Galapagos Side Letter, which shall be in the form attached as Exhibit AA.
The Company has in effect directors and officers liability insurance with an insurer rated at least AA or better in the most recent edition of “Best’s Life Reports”.
The Borrower, the Administrative Agent and Majority Lenders shall endeavor to obtain an S&P rating of the Loans of at least "AA (sf)" no later than the three week anniversary of the Closing Date and agree to amend this Agreement and the other Loan Documents as reasonably necessary to obtain such S&P rating.
Whether or not a successor has been appointed, such resignation shall become effective in accordance with such notice on the AA Resignation Effective Date.