Acceptable Insurer definition

Acceptable Insurer means (i) Lloyd's of London, so long as it is rated at least 3 crowns by S&P, (ii) an insurance company having an A.M. Best rating of "A" or better and being in a financial size category of IX or larger (as such category is defined on the date hereof) or (iii) an insurance company otherwise reasonably acceptable to the Administrative Agent.

Acceptable Insurer means any insurance company licensed under G.S. 58-6-7.

Acceptable Insurer means an insurance company (i) having an A.M. Best rating of "A-" or better and being in a financial size category of X or larger (as such category is defined as of the date hereof) or (ii) otherwise acceptable to the Majority Lenders. First Colonial Insurance Company, a wholly-owned Subsidiary of the Company, is deemed to be acceptable with respect to the dollar amount of insurance it is providing on the date of this Agreement.

Examples of Acceptable Insurer in a sentence

• In addition to words and terms defined elsewhere in this Agreement, the following words and terms shall have the following meanings, respectively, unless the context hereof clearly requires otherwise: Acceptable Insurer shall mean an insurance company that (i) is a Captive Insurance Company, (ii) has an A.M. Best rating of “A-” or better and being in a financial size category of X or larger (as such category is defined as of the date hereof) or (iii) is otherwise acceptable to the Required Lenders.

• The Borrower may replace any insurance company named in Schedule I with an Acceptable Insurer, and may decrease the amount of insurance not constituting self-insurance carried with the consent of the Required Banks.

• The Borrower may replace any insurance company named in Schedule 2 hereto with an Acceptable Insurer, and may decrease the amount of insurance not constituting self-insurance carried with the consent of the Required Banks.

• The Company may replace any insurance company named in Schedule 2 hereto with an Acceptable Insurer, and may decrease the amount of insurance not constituting self-insurance carried with the consent of the Required Banks.

• Upon failure of the person to provide27 proof of insurance, the Commissioner must prevent or stop operation of the regulated device until28 the person provides proof of the required insurance coverage.29 (c) Acceptable Insurer.

More Definitions of Acceptable Insurer

Acceptable Insurer means an insurance company (i) having an A.M. Best rating of "A" or better and being in a financial size category of "X" or larger (as such category is defined as of the date hereof) or (ii) otherwise reasonably acceptable to the Required Banks.

Acceptable Insurer means an insurance company that (i) is a Captive Insurance Company, (ii) has an A.M. Best rating of “A-” or better and being in a financial size category of X or larger (as such category is defined as of the date hereof) or (ii) is otherwise acceptable to the Majority Lenders.

Acceptable Insurer means an insurance company (i) having an A.M. Best rating of "A-" or better or (ii) otherwise reasonably acceptable to the Agent and the Required Banks.

Acceptable Insurer. An insurance company which has a claims-paying ability rated at least “A-” by Fitch, Inc., at least “A2” by Xxxxx’x Investors Service, Inc. or at least “A” by Standard & Poor’s Ratings Services, a division of The XxXxxx-Xxxx Companies, Inc.

Acceptable Insurer means Atradius or any other insurer approved by the Security Agent.

Acceptable Insurer means an insurer with an insurer financial strength rating of at least ‘A-‘, as rated by Standard & Poors, or an equivalent rating from another internationally recognised rating agency, acceptable to the State (acting reasonably), and which either:

Acceptable Insurer means any financially sound and reputable insurance company accorded a rating by A.M. Best Company of "A-" or better and a size rating of "VI" or better (or a comparable rating by any comparable successor rating agency).