Acceptable Credit definition

Acceptable Credit means a rating of its senior long-term debt, which debt is not secured by any tangible assets, of BBB or better by Standard & Poor’s Ratings Group or Baa2 or better by Xxxxx’x Investor Service. A person shall be deemed to have Acceptable Credit if its obligations are guaranteed by a person with Acceptable Credit.
Sample 1Sample 2Sample 3
Acceptable Credit means a Member’s/Customer’s credit history that does not reflect any delinquent notices, cut‐off notices, returned checks, or service disconnection for non‐payment for twelve consecutive billing cycles; or, satisfactory demonstration of ability to pay bills in a timely manner, as that may have been demonstrated on an existing electric service account with the Cooperative or by producing a letter of credit worthiness from the Applicant’s previous electric service provider.
Sample 1Sample 2
Acceptable Credit means, with respect to any person, except as provided in the next sentence, a rating of its senior long-term unsecured debt of BBB or better by Standard & Poor’s
Sample 1Sample 2

Examples of Acceptable Credit in a sentence

  • The LFC may subsequently require that the Service Provider provide that documentary evidence again at any time that the LFC has reasonable grounds to believe that the Service Provider does not have an Acceptable Credit Rating.

  • Each Insurance Policy must be taken out with an insurer that has an Acceptable Credit Rating.

  • An IADT Acceptable Credit Card Usage Policy has been adopted by the Institute (Appendix 3) and all purchases using an IADT Credit Card must comply with this Policy.

  • If at any time the Customer does not have an Acceptable Credit Rating then within 20 Business Days of a request by Transpower (which request will include confirmation of the amount of Transpower’s Counterparty Exposure), the Customer must provide, or (subject to clause 3) procure a third party to provide, to Transpower credit support in a form permitted by clause 4 for an amount not less than Transpower’s Counterparty Exposure.

  • A prospective Customer shall be deemed creditworthy if the prospective Customer has an Acceptable Credit Rating, as defined in Section 6.32 of these General Terms and Conditions.

  • Where the Customer or credit support provider has an Acceptable Credit Rating under clause 1(a), the Customer is to inform Transpower as soon as practicable on the happening of any change in its external credit rating or on being put on negative credit watch.

  • Transpower is only obliged to accept credit support from a third party where the third party provider has an Acceptable Credit Rating.

  • On the Closing Date and on any date on which a payment is made pursuant to Section 6.9 of the Participation Agreement, the Debt Service Reserve Amount on such date of determination will be 100% of the projected debt service on the Lessor Notes for the succeeding six-month period, and may be satisfied by one or a combination of the following: (i) cash or (ii) a letter of credit issued by a bank or trust company that constitutes Acceptable Credit Support.

  • Orders placed using an IADT credit card must follow the normal procurement procedure and must not be placed without a prior written purchase order except as identified in the IADT Acceptable Credit Card Usage Policy.

  • Where the Customer or any provider of credit support for the Customer seeks or has an Acceptable Credit Rating under clause 1(b), the Customer, within five Business Days from the date of receipt of any request by Transpower, is to provide all financial information about itself or such provider of credit support for the Customer (as applicable) as may be reasonably required by Transpower to enable it to assess the creditworthiness of the Customer or of that provider of credit support for the Customer.


More Definitions of Acceptable Credit

Acceptable Credit means content or professional education course work earned or taught after the conferral of the bachelor’s degree.
Sample 1Sample 2
Acceptable Credit means content or professional education course work earned or taught after the conferral of the bachelor's or higher degree as provided in§.05C of this chapter.
Sample 1
Acceptable Credit means, with respect to any person, except as provided in the next sentence, a rating of its senior long-term unsecured debt of BBB or better by Standard & Poor’s Ratings Group or Baa2 or better by Xxxxx’x Investor Service. In the case of a municipal electric company or other political subdivision, “Acceptable Credit” shall mean a rating of its senior long-term debt, which debt is not secured by any tangible assets, of BBB or better by Standard & Poor’s Ratings Group or Baa2 or better by Xxxxx’x Investor Service. A person shall be deemed to have Acceptable Credit if its obligations are guaranteed by a person with Acceptable Credit.
Sample 1
Acceptable Credit shall be credit hours for which the Superintendent of Schools has given prior written approval. Approval shall be allowed if the course work satisfies the criteria: a. Work to be completed at an accredited institution of higher learning. b. Work shall be: 1. Within a secondary (6-12) teacher’s endorsement, provided the teacher has taught, is teaching, or will be administratively assigned to teach within that endorsement at MAPS. 2. Within a K-5 teacher’s past, present or future administratively assigned subjects in a self-contained classroom. Special subjects (art, music, physical education) and Special Education teachers must take courses related to their present assignments or future administratively assigned areas. 3. As otherwise agreed upon by the individual teacher and Superintendent where the specific course will have application to and be integrated with the MAPS curriculum. c. The course description indicates an updating element.
Sample 1
Acceptable Credit. Rating shall mean a Credit Rating from two of Standard & ------------------------ Poor's Rating Services, Xxxxx'x Investors Service, Inc., or Fitch (one of which must be an S&P Rating or a Xxxxx'x Rating) equal to a Credit Rating from Fitch, or an S&P Rating of BBB- or better, or a Xxxxx'x Rating of Baa3 or better. Accounts, Equipment and Inventory shall have the respective meanings -------------------- ---------- assigned to them in the Texas Business and Commerce Code in force on the date the document using such term was executed.
Sample 1
Acceptable Credit. Rating” 1
Sample 1

Related to Acceptable Credit

  • Acceptable Credit Rating means a minimum long term credit rating of either BBB from Standard & Poors or Baa2 from Xxxxx’x; Access Undertaking means:

  • Available Credit means, at any time, (a) the then effective Revolving Credit Commitments minus (b) the aggregate Revolving Credit Outstandings at such time.

  • Applicable Creditor has the meaning assigned to such term in Section 9.14(b).

  • Applicable Credit Rating For any long-term deposit or security, a credit rating of "AAA" in the case of S&P or "Aaa" in the case of Xxxxx'x. For any short-term deposit or security, a rating of "A-l+" in the case of S&P or "P-1" in the case of Xxxxx'x.

  • Eligible Credit Support means Eligible Collateral and Other Eligible Support.

  • Applicable Credit Support Percentage As defined in Section 4.02(e).

  • Refundable credit means the amount of the City income tax that was paid on the non-distributed portion, if any, of a nonqualified deferred compensation plan.

  • Original Applicable Credit Support Percentage With respect to each of the following Classes of Subordinated Certificates, the corresponding percentage described below, as of the Closing Date: Class M...................4.25% Class B-1.................2.30% Class B-2.................1.50% Class B-3.................1.00% Class B-4.................0.55% Class B-5.................0.20%

  • Acceptable Counterparty means any counterparty to the Interest Rate Cap Agreement that has and shall maintain, until the expiration of the applicable Interest Rate Cap Agreement, a long-term unsecured debt rating of at least “A+” by S&P and “Aa3” from Xxxxx’x, which rating shall not include a “t” or otherwise reflect a termination risk and is otherwise reasonably acceptable to Lender.

  • Replacement Liquidity Facility Responsible Officer", "Scheduled Payment", "Special Payment", "S&P", "Stated Interest Rate", "Subordination Agent", "Taxes", "Threshold Rating", "Trust Agreement", "Trustee", "Underwriters", "Underwriting Agreement", "United States" and "Written Notice".

  • Base Currency Amount means, in relation to a Loan, the amount specified in the Utilisation Request delivered by a Borrower for that Loan (or, if the amount requested is not denominated in the Base Currency, that amount converted into the Base Currency at the Agent’s Spot Rate of Exchange on the date which is three Business Days before the Utilisation Date or, if later, on the date the Agent receives the Utilisation Request) adjusted to reflect any repayment or prepayment of the Loan.

  • Alternate Credit Facility means any irrevocable direct pay letter of credit, insurance policy or similar credit enhancement or support facility for the benefit of the Trustee, the terms of which Alternate Credit Facility shall in all respects material to the registered owners of the Bonds be the same (except for the term set forth in such Alternate Credit Facility) as those of the Letter of Credit.

  • Applicable Commitment Percentage means, with respect to each Lender at any time, a fraction, the numerator of which shall be such Lender's Revolving Credit Commitment and the denominator of which shall be the Total Revolving Credit Commitment, which Applicable Commitment Percentage for each Lender as of the Closing Date is as set forth in Exhibit A; provided that the Applicable Commitment Percentage of each Lender shall be increased or decreased to reflect any assignments to or by such Lender effected in accordance with Section 11.1.

  • Replacement Liquidity Provider has the meaning set forth in the Intercreditor Agreement.

  • Acceptable Bank means (a) a bank or financial institution which has a rating for its long-term unsecured and non credit-enhanced debt obligations of A- or higher by S&P or A2 or higher by Moody's or a comparable rating from an internationally recognized credit rating agency; or (b) any other bank or financial institution approved by each Agent.

  • Applicable Liquidity Rate has the meaning specified in Section 3.07(g).

  • Acceptable Collateral means: (i) a Letter of Credit; and/or (ii) a cash amount (in pounds) transferred to the credit of a Reserve Account;

  • Base Currency means the first currency in the Currency Pair against which the Client buys or sells the Quote Currency.

  • Eligible Credit Card Receivables means at the time of any determination thereof, each Credit Card Receivable that satisfies the following criteria at the time of creation and continues to meet the same at the time of such determination: such Credit Card Receivable (i) has been earned by performance and represents the bona fide amounts due to a Borrower from a credit card payment processor and/or credit card issuer, and in each case originated in the ordinary course of business of such Borrower, and (ii) is not ineligible for inclusion in the calculation of the Borrowing Base pursuant to any of clauses (a) through (k) below. Without limiting the foregoing, to qualify as an Eligible Credit Card Receivable, an Account shall indicate no Person other than a Borrower as payee or remittance party. In determining the amount to be so included, the face amount of an Account shall be reduced by, without duplication, to the extent not reflected in such face amount, (i) the amount of all accrued and actual discounts, claims, credits or credits pending, promotional program allowances, price adjustments, finance charges or other allowances (including any amount that a Borrower may be obligated to rebate to a customer, a credit card payment processor, or credit card issuer pursuant to the terms of any agreement or understanding (written or oral)) and (ii) the aggregate amount of all cash received in respect of such Account but not yet applied by the Loan Parties to reduce the amount of such Credit Card Receivable. Any Credit Card Receivables meeting the foregoing criteria shall be deemed Eligible Credit Card Receivables but only as long as such Credit Card Receivable is not included within any of the following categories, in which case such Credit Card Receivable shall not constitute an Eligible Credit Card Receivable:

  • Class A Liquidity Facility has the meaning set forth in the Intercreditor Agreement.

  • Applicable Commitment Fee Rate shall mean the percentage rate per annum based on the Leverage Ratio then in effect according to the pricing grid on Schedule 1.1(A) below the heading “Commitment Fee.”

  • Qualified Financial Institution means, at any time, a financial institution organized under the laws of any jurisdiction in the United States of America or Europe that at such time has outstanding debt obligations with a stated maturity of one year or less from the date of issue and rated A-1 or higher by Standard & Poor’s, a division of The McGraw Hill Companies, Inc., Ratings Group (or any successor) or P-1 or higher by Moody’s Investors Service, Inc. (or any successor) or, in either case, such other comparable rating, if any, then used by such rating agency.

  • Service credit month means a full service credit month or an

  • Applicable Commitment Fee Percentage means, as at any date of determination, the rate per annum then applicable in the determination of the amount payable under Section 2.15(C)(i) hereof determined in accordance with the provisions of Section 2.15(D)(ii) hereof.

  • Applicable Commitment Commission Percentage means (i) for each day on which the Aggregate Exposure is less than or equal to 50% of the Total Commitment, 0.375% and (ii) for each day on which the Aggregate Exposure exceeds 50% of the Total Commitment, 0.250%.

  • Party A Currency Amount In respect of each Party A Calculation Period, an amount in Dollars equal to the principal amount outstanding of the Relevant Notes on the first day of such Calculation Period (after taking into account any redemption on such day).