Acceptable Credit Rating definition

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

Acceptable Credit Rating means a minimum long term credit rating of either BBB from Standard & Poors or Baa2 from Moody’s;

Acceptable Credit Rating means a minimum long term credit rating of not less than BBB- from Standard & Poor’s Ratings Services (or equivalent rating by another internationally recognised ratings agency). Access has the meaning given in the Access Undertaking. Access Agreement means an access agreement made under the Access Undertaking, other than this Agreement.

Examples of Acceptable Credit Rating 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.

• 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.

More Definitions of Acceptable Credit Rating

Acceptable Credit Rating means a minimum long term credit rating of not less than BBB- from Standard & Poor’s Ratings Services (or equivalent rating by another internationally recognised ratings agency).

Acceptable Credit Rating means a long term senior debt credit rating of at least BBB+ from

Acceptable Credit Rating means, with respect to any Person, the rating of its unsecured, senior long-term indebtedness (or, if such Person has no such rating, then its issuer rating or corporate credit rating) is no lower than (a) at the time such Person executes, delivers or issues a Qualified Hedge or a repurchase obligation to fund any Reserve Account, “A+”, “A1” or the equivalent rating from each NRSRO (defined below) that provides a rating on such Person’s unsecured, senior long-term indebtedness or that provides an issuer rating or corporate credit rating for such Person, as applicable; and (b) at any time thereafter, “A”, “A2” or the equivalent rating from each NRSRO that provides a rating on such Person’s unsecured, senior long-term indebtedness or that provides an issuer rating or corporate credit rating for such Person, as applicable.

Acceptable Credit Rating means, with respect to a Person, a Credit Rating of no less than (as applicable): (a) “BBB-” from S&P, or (b) “Baa3” from Xxxxx’x, or (c) if such Person has a Credit Rating at such time from both S&P and Xxxxx’x, “BBB-” from S&P and “Baa3” from Xxxxx’x.

Acceptable Credit Rating means, with respect to any Person, the rating of its unsecured, senior long-term indebtedness (or, if such Person has no such rating, then its issuer rating or corporate credit rating) is no lower than (a) at the time such Person executes, delivers or issues an Interest Rate Swap Agreement or Credit Enhancement (other than Existing Interest Rate Swap Agreements or Existing Credit Enhancements), ‘A+’, ‘A1’ or the equivalent rating from each Nationally Recognized Rating Agency that provides a rating on such Person’s unsecured, senior long-term indebtedness or that provides an issuer rating or corporate credit rating for such Person, as applicable; and (b) at any time thereafter, ‘A’, ‘A2’ or the equivalent rating from each Nationally Recognized Rating Agency that provides a rating on such Person’s unsecured, senior long-term indebtedness or that provides an issuer rating or corporate credit rating for such Person, as applicable.

Acceptable Credit Rating means an equivalent or better credit rating than Aurizon Holdings Limited has received from Standard & Poors or Xxxxx'x Investor Services, from time to time or:

Acceptable Credit Rating means a long term foreign currency issuer’s credit rating or a long term foreign currency corporate credit rating of at least “BBB-” or higher by S&P Global Inc. (or any successor entity) or “Baa3” by Xxxxx’x Investor Services Inc. (or any successor entity).