Best Rating definition

Best Rating means, as of any date, the financial strength rating by Best on such date of an Insurance Subsidiary.

Best Rating means, as of any date, the financial strength rating by Best on such date of an Insurance Subsidiary. “Blocked Person” has the meaning specified in Section 3.08(d).

Best Rating means, as at any date, the rating of Mid Ocean ----------- Reinsurance most recently published by A.M. Best Company, Inc.

Examples of Best Rating in a sentence

• If the insurance carrier does not have an A.M. Best Rating of A-/VIII, the CEO/Office of Risk Management retains the right to approve or reject a carrier after a review of the company's performance and financial ratings.

• I certify that I have workers’ compensation coverage for all of my workers through the employee leasing arrangement specified below: Name of Employee Leasing Company: Workers’ Compensation Carrier: A.M. Best Rating of Carrier: Inception Date of Leasing Arrangement: I further agree to notify the County in the event that I switch employee-leasing companies.

• If the insurance carrier does not have an A.M. Best Rating of A-/VIII, CEO/Risk Management retains the right to approve or reject a carrier after a review of the company's performance and financial ratings.

• If the insurance carrier does not have an A.M. Best Rating of A-/VIII, CEO/ Risk Management retains the right to approve or reject a carrier after a review of the company's performance and financial ratings.

• If the insurance carrier does not have an A.M. Best Rating of A-NIii, the CEO/Office of Risk Management retains the right to approve or reject a carrier after a review of the company's performance and financial ratings.

More Definitions of Best Rating

Best Rating means, as of any date, the Financial Strength Rating issued by Best on such date of the Borrower.

Best Rating. A" of "A-" or less Rating of "A" of "A-" or less -------------------------------------------------------------------------------------------- Category 1 1.00% 1.50% 0.250% 0.300% Greater than 0.35 to 1.0 --------------------------------------------------------------------------------------------- Category 2 0.875% 1.25% 0.225% 0.250% Greater than 0.30 to 1.0 but less than or equal to 0.35 to 1.0 -------------------------------------------------------------------------------------------- Category 3 0.625% 0.875% 0.200% 0.225% Greater than 0.250 to 1.0 but less than or equal to 0.30 to 1.0 -------------------------------------------------------------------------------------------- Category 4 0.500% 0.750% 0.1875% 0.200% Less than or equal to 0.250 to 1.0 ============================================================================================ For purposes of the foregoing, (i) the Leverage Ratio shall be determined as of the end of each fiscal quarter of Parent's fiscal year based upon Parent's consolidated financial statements delivered pursuant to Section 5.04(a) or (b) and (ii) each change in the Applicable Rate resulting from a change in the Leverage Ratio shall be effective during the period commencing on and including the date of delivery to the Administrative Agent pursuant to Section 5.04(a) or (b), as the case may be, of consolidated financial statements of Parent indicating such change and ending on the date immediately preceding the effective date of the next such change; provided that the Leverage Ratio -------- shall be deemed to be in Category 1 (A) at any time that an Event of Default has occurred and is continuing or (B) if Parent fails to deliver the consolidated financial statements required to be delivered by it pursuant to Section 5.04(a) or (b), during the period from the expiration of the time for delivery thereof until such consolidated financial statements are delivered.

Best Rating means the financial strength rating issued with respect to the Borrower by A.M. Best Company.

Best Rating means (i) until the consummation of the Holding Assumption Transaction, if ever, the Best Combined Group Rating and (ii) from and after the consummation of the Holding Assumption Transaction, if ever, the Best Holding Rating. * * *

Best Rating means (i) until the consummation of the Permitted Reorganization, if ever, the Best Combined Group Rating and (ii) from and after the consummation of the Permitted Reorganization, if ever, the Best Holding Rating.

Best Rating. A++ (Superior) A++ (Superior) PACKAGE PREMIUM: $ 94,985 $ 98,316 (Property, General Liability, Boiler) *Premium would be $95,466 using a limit of $4,000,000 for the Lancaster, SC building. HOSIERY CORPORATION OF AMERICA

Best Rating. A++ (Superior) A++ (Superior) Annual Premium: $ 2,570 $ 2,827 * Increased to $500,000 for renewal to be in compliance with ERISA requirements. Required to insure up to 10% of assets of plan, but not required to carry higher than $500,000 limit. Plan assets are in excess of $5,000,000. OPTIONS: $750,000 Limit for Employee Dishonesty - $3,109 Annual Premium $1,000,000 Limit for Employee Dishonesty - $3,410 Annual Premium HOSIERY CORPORATION OF AMERICA COMMERCIAL UMBRELLA LIABILITY CURRENT RENEWAL Coverage and Limits: Each Occurrence 10,000,000 10,000,000 General Aggregate (Other than Products/Completed Operations) 20,000,000 20,000,000 Products/Completed Operations Aggregate 10,000,000 10,000,000 Retained Limit (Cov. B Ded.) 0 0