Acceptable Issuer definition

Acceptable Issuer means any national or state bank or trust company which is organized under the laws of the United States of America or any state thereof or any branch licensed to operate under the laws of the United States of America or any state thereof, which is a branch of a bank organized under any country which is a member of the Organization for Economic Cooperation and Development, in each case which has capital, surplus and undivided profits of at least $500,000,000 and whose commercial paper is rated at least P-1 by Moody's or A-1 by S&P.
Acceptable Issuer means either (a) a Lender or (b) a financial institution having, on the basis of its latest financial statements, capital, surplus and undivided profits of at least $1,500,000,000 and having an unenhanced senior unsecured short-term debt rating of BBB or better by Fitch IBCA or S&P, or Baa2 by Xxxxx’x, and, in each of (a) and (b), which is acceptable to the Administrative Agent in its sole discretion.
Acceptable Issuer means a United States domestic bank or United States branch of a foreign bank, in each case rated "A-" or higher by S&P and "A3" or higher by Xxxxx'x.

Examples of Acceptable Issuer in a sentence

  • The term "Acceptable Issuer", as used herein, shall mean a commercial bank having (x) an office within the New York City/New Jersey Metropolitan Area, and (y) a rating of A or better by Standard & Poor's or any successor thereto.

  • The definition of "Acceptable Issuer" in Annex A is hereby amended by deleting it in its entirety.

  • LESSOR hereby acknowledges that, as of the date hereof, based on the representation of LESSEE set forth in Section 28.7 hereof, Deutsche New York, as a New York branch of Deutsche Bank, AG, satisfies said criteria for an Acceptable Issuer.

  • The following terms have the following meanings: "Acceptable Issuer" means a United States domestic bank or United States branch of a foreign bank, in each case rated "A-" or higher by S&P and "A3" or higher by Xxxxx'x.


More Definitions of Acceptable Issuer

Acceptable Issuer means a bank or financial institution which, at the time of issue by it of a guarantee under Article 8 Clause 2.3(ii), has a rating for its long term unsecured and non-credit enhanced debt obligations of A- or higher by Standard & Poor’s Ratings Services and any successor thereto or A3 or higher by Xxxxx’x Investor Services Limited and any successor thereto or a comparable rating from another internationally recognised rating agency acceptable to the Buyer.
Acceptable Issuer means a bank located in London which has an Acceptable Credit Rating and which is approved by RfL(I) (such approval not to be unreasonably withheld);
Acceptable Issuer shall have the meaning given to such term in the definition of Letter of Credit.
Acceptable Issuer means either (a) a Lender or (b) a financial institution having, on the basis of its latest financial statements, capital, surplus and undivided profits of at least $1,500,000,000 and having an unenhanced senior unsecured short-term debt rating of BBB or better by Fitch IBCA or S&P, or Baa2 by Moody's, and, in each of (a) and (b), which is acceptable to the Administrative Agent in its sole discretion.
Acceptable Issuer means either (a) a Lender or (b) a financial institution having, on the basis of its latest financial statements, capital, surplus and undivided profits of at least $1,500,000,000 and having an unenhanced senior unsecured short-term debt rating of BBB or better by Fitch IBCA or Baa2 by Moody's, and, in each of (a) and (b), which is acceptable to the Administrative Agent in its sole discretion. Notwithstanding the foregoing, the Administrative Agent, in its sole and absolute discretion, reserves the right to require a replacement Acceptable Issuer to the extent a material adverse change in the condition (financial or otherwise) occurs as to the then existing Acceptable Issuer, or, in the Administrative Agent's sole and absolute discretion, such then existing Acceptable Issuer becomes less than "well capitalized" or any enforcement action is threatened or commenced against such Acceptable Issuer.
Acceptable Issuer means any national or state bank or trust company which is organized under the laws of the United States of America or any state thereof, or any branch licensed to operate under the laws of the United States of America or any state thereof which is a branch of a bank organized under any country which is a member of the Organization for Economic Cooperation and Development, in each case which has capital, surplus and undivided profits of at least $500,000,000 and whose commercial paper is rated at least P-1 by Moody's or A-1 by S&P.
Acceptable Issuer means a bank or other financial institution with a combined capital and surplus of at least $1,000,000,000 whose Reference Debt is rated "A-" or higher by S&P and "A3" or higher by Xxxxx'x.