Acceptable Financial Institution definition

Acceptable Financial Institution means a U.S. commercial bank or a foreign bank with a U.S. branch office, with the respective rating then assigned to its unsecured and senior long-term debt or deposit obligations (not supported by third party credit enhancement) by S&P or Xxxxx’x of at least “A” by S&P or “A2” by Xxxxx’x.

Acceptable Financial Institution means a financial institution that:

Acceptable Financial Institution means a bank holding a banking licence issued by the Bank of Mauritius.

Examples of Acceptable Financial Institution in a sentence

• In the event Lessee fails to make the required capital expenditure in any Lease year, Lessee shall deposit in a money market account with an Acceptable Financial Institution amounts not less than the difference between the required capital expenditures and the amounts actually spent.

• Any incremental Buyer Credit Support required from Buyer may be in the form of (i) cash, (ii) an irrevocable letter of credit from an Acceptable Financial Institution in substantially the form of the Initial Buyer LC, (iii) a guarantee from a Creditworthy Affiliate in form and substance reasonably satisfactory to Seller, or (iv) some combination of the foregoing, in each case, for a value equivalent to the Buyer Credit Support being provided.

• Any incremental Seller Credit Support required from Seller may be in the form of (i) cash, (ii) an irrevocable letter of credit from an Acceptable Financial Institution in substantially the form of the Initial Seller LC, (iii) a guarantee from a Creditworthy Affiliate in form and substance reasonably satisfactory to Buyer, or (iv) some combination of the foregoing, in each case, for a value equivalent to the Seller Credit Support being provided.

• Lender shall at all times have a perfected security interest on all Proceeds and other amounts held by such Acceptable Financial Institution pursuant to this Section 8.

• On the Commencement Date, Lessee must deposit with an Acceptable Financial Institution and thereafter maintain with Lessor a lease deposit equal to approximately six (6) months Minimum Rent, rounded upward to the nearest $1,000.00.

More Definitions of Acceptable Financial Institution

Acceptable Financial Institution means (a) each of the financial institutions listed in Schedule B attached hereto and (b) any financial institution organized under the laws of the United States or any state thereof or the District of Columbia or any U.S. branch of a foreign bank having combined capital and surplus of not less than $250.0 million.

Acceptable Financial Institution means AmSouth Bank, Colonial Bank, SouthTrust Bank or First Commercial Bank, each in Birmingham, Alabama, or such other financial institution as may be acceptable to Lessor.

Acceptable Financial Institution means a first class international bank having a registered office in a country of the European Union with a senior unsecured foreign currency debt rating of “A-” or higher by S&P Global Inc. (or any successor entity) or “A3” or higher by Moody’s Investor Services Inc. (or any successor entity) and which is reasonably acceptable to the Operator.

Acceptable Financial Institution means a reputable financial institution registered in Australia and operating as a bank, credit union or building society. which:

Acceptable Financial Institution means a depository institution or trust company incorporated under the laws of the United States of America or any state thereof and subject to supervision and examination by federal or state banking authorities, so long as (a) at all times the short-term commercial paper, certificates of deposit or other debt obligations of such depository institution or trust company are rated at least A‑1 by S&P and P‑1 by Xxxxx’x and the long-term unsecured debt obligations of which are rated at least A by S&P and the equivalent thereof by Xxxxx’x or (b) such depository institution or trust company has otherwise been approved by Lender, such approval not to be unreasonably withheld.

Acceptable Financial Institution means [] or any other financial institution having a long-term credit rating of at least [A] (Standard & Poors) or its equivalent.

Acceptable Financial Institution means a commercial bank or insurance company organized under the laws of the United States of America, or any State thereof, having total assets in excess of one billion Dollars ($1,000,000,000) and having an Acceptable Rating.