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

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).

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.

• For Canadian-based Contractors, coverage must be placed with an Insurer licensed to carry out business in Canada, however, for Foreign-based Contractors, coverage must be placed with an Insurer with an A.M. Best Rating no less than “A-”.

• Failure on the part of the Contractor to maintain this insurance in full effect will be treated as a failure on the part of the Contractor to comply with these requirements and be considered sufficient cause to suspend the work, withhold payment(s), and/or be disqualified in the future.The insurance policies shall be issued by insurers authorized to do business in the State of Iowa and currently having anA.M. Best Rating of “B+” or better.

• I certify that I have workers’ compensation coverage for all of my workers through the employee leasing arrangement specified below: 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.

• Such bonds shall be executed by a corporate surety duly authorized and admitted to do business in the State of Texas and licensed in the State of Texas to issue surety bonds with a Best Rating of "A" or better.

More Definitions of Best 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

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

Best Rating means, as of any date, the Issuer Credit Rating by Best on such date of the Borrower.

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. 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.