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 ▇▇▇▇▇’▇ Investor Service. A person shall be deemed to have Acceptable Credit if its obligations are guaranteed by a person with Acceptable Credit.

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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

Acceptable Credit means content or professional education course work earned or taught after the conferral of the bachelor’s degree.

Examples of Acceptable Credit in a sentence

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

• 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.

• 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.

• 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.

More Definitions of Acceptable Credit

Acceptable Credit. Rating means a credit rating of at least A- by Standard & Poor’s or A3 by Moody’s or, if both of those agencies cease to operate or to give ratings of the kind referred to above, an equivalent rating from another reputable ratings agency acceptable to the Commonwealth (acting reasonably).

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.

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 ▇▇▇▇▇’▇ 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 ▇▇▇▇▇’▇ Investor Service. A person shall be deemed to have Acceptable Credit if its obligations are guaranteed by a person with Acceptable Credit.

Acceptable Credit. Rating shall mean a Credit Rating from two of Standard & ------------------------ Poor's Rating Services, ▇▇▇▇▇'▇ Investors Service, Inc., or Fitch (one of which must be an S&P Rating or a ▇▇▇▇▇'▇ Rating) equal to a Credit Rating from Fitch, or an S&P Rating of BBB- or better, or a ▇▇▇▇▇'▇ 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.

Acceptable Credit. Rating” 1

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.

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.