Acceptable Guarantor definition

Acceptable Guarantor means (a) with respect to a Seller Guaranty, [ ] (so long as it has an Acceptable Credit Rating or a tangible net worth of at least One Billion Dollars ($1,000,000,000)), (b) with respect to a Purchaser Guaranty, (i) AESI so long as it has an Acceptable Credit Rating or a tangible net worth of at least One Billion Dollars ($1,000,000,000), or (c) another Person that has an Acceptable Credit Rating or a tangible net worth of at least One Billion Dollars ($1,000,000,000).

Acceptable Guarantor means a Guarantor having an Acceptable Credit Rating.

Acceptable Guarantor means a Person whose senior unsecured long-term debt is rated at least Investment Grade.

Examples of Acceptable Guarantor in a sentence

• If the Seller Guarantor ceases to be an Acceptable Guarantor, then Seller shall be required to either (i) provide a replacement Seller Guaranty from a different Acceptable Guarantor, or (ii) replace the Seller Guaranty provided by the unqualified Seller Guarantor with a Seller Letter of Credit meeting the criteria set forth in this Article 16, in each case, no later than ten (10) Business Days after such the Guarantor ceases to be an Acceptable Guarantor.

• At Closing, Purchaser shall provide a Purchaser Guaranty from an Acceptable Guarantor in form and substance reasonably satisfactory to Seller in an amount equal to the Contract Price to secure the obligations of Purchaser under this Agreement.

• Acceptable Guarantor: A corporation, business trust, partnership, limited liability company or other legal entity that has outstanding senior unguaranteed and unsecured long-term debt that is rated at least “BBB” by S&P or “Baa2” by Xxxxx’x.

• Acceptable Guarantor: A corporation, business trust, partnership, limited liability company or other legal entity that has outstanding senior unguaranteed and unsecured long-term debt that is rated at least “BBB” by S&P or “Baa2” by Moody’s.

• If at any time the guarantor under such Acceptable Guaranty shall cease to be an Acceptable Guarantor, then the Buyer shall, within ten (10) days after the earlier of the date on which (i) the Buyer shall have been given notice of such cessation by the Seller Representatives and (ii) the Buyer shall have Knowledge of such cessation, deliver to the Seller Representatives a replacement Acceptable Guaranty to be issued by an Acceptable Guarantor.

More Definitions of Acceptable Guarantor

Acceptable Guarantor means a corporation, business trust, partnership, limited liability company or other legal entity that has outstanding senior unguaranteed and unsecured long-term debt that is rated at least “BBB” by S&P or “Baa2” by Xxxxx’x.

Acceptable Guarantor means a Person with a rating of its long-term unsecured debt obligations of not less than Investment Grade.

Acceptable Guarantor an Affiliate of Buyer that has an Acceptable Credit Rating or any other entity acceptable to Seller in its discretion;

Acceptable Guarantor means a legal person that satisfies certain conditions and that is approved by EIB for participation in an EIB Guarantee up to such Percentage Participation as EIB has approved subject (i) to the conditions EIB may in its discretion deem appropriate and (ii) to the acceptance thereof by such legal person;

Acceptable Guarantor means Energy Capital Partners I, LP, a Delaware limited partnership or a substitute entity acceptable to the Seller in its sole discretion.

Acceptable Guarantor means, in respect of a particular Guarantee and Indemnity, either a Person that satisfies or a group of Persons that collectively satisfy the Applicable Net Worth Criteria as of the applicable Closing Date;

Acceptable Guarantor means a Person which (A) owns a direct or indirect equity interest in Borrower and (B) is a creditworthy entity in Lender’s reasonable determination (including sufficient net worth and liquidity).