Company Rating definition

Company Rating has the meaning assigned to it in the definition of “Applicable Rate”.

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Company Rating means, at any time, a then current rating, whether preliminary or final, published or confirmed in writing to the Agent, by Standard & Poor's or Moody's, relating to unsecured long-term senior Debt of the Company which is then outstanding or with respect to which the Company has a registration statement on file with the Securities and Exchange Commission.

Company Rating means, as of each date of determination, (i) the -------------- higher of the credit ratings assigned by ▇▇▇▇▇'▇ or S&P to the credit facilities provided under the Company Loan Agreement whether senior secured or senior unsecured or (ii) in the event that the Company Loan Agreement has been terminated, the higher of the credit ratings assigned by ▇▇▇▇▇'▇ or S&P to Company's senior unsecured debt, provided however in the case of -------- ------- both (i) and (ii) above, that (a) each change in either such credit rating shall be deemed to be effective five days following the announcement by ▇▇▇▇▇'▇ or S&P of the change, and (b) in the event of a double split rating (or more) the highest intermediate rating shall apply.

Examples of Company Rating in a sentence

Insurance must be placed with insurers with a current A.M. Best Company Rating equivalent to at least a Rating of “A:VII.” Certificate(s) must reflect that the insurer will provide thirty (30) day notice of any cancellation of coverage.
All policies of insurance, including policies for any amounts carried in excess of the required minimum, shall be written by companies of recognized financial standing legally qualified to issue such insurance with an AM Best Rating of B+ or higher (or similar Insurance Company Rating Organization), and shall be maintained continuously in full force and effect.
Insurance Company Rating All insurance companies shall be rated [A-] or better by A.M. Best Company.
Each insurance policy shall be provided by an insurance company with a minimum AM Best Company Rating of A-VIII.
The insurance required in Section 6.01 hereof shall be issued by companies of recognized financial standing, which are rated "All or better in the A.M. Best Insurance Company Rating Guide, and which are authorized to conduct an insurance business in the Commonwealth of Pennsylvania.
Insurance must be placed with insurers with a current A.M. Best Company Rating equivalent “A VII.” Each insurance policy shall state or be endorsed to state that coverage shall not be canceled by either party, except after thirty (30) days (10 days for non‐payment of premium) prior written notice by U.S. mail has been given to the District.
If at any time the rating of any insurer falls below the Insurance Company Rating Requirements, then the Borrower shall procure that the relevant assets are insured forthwith by a replacement insurer, which shall be previously approved in writing by the Agent acting reasonably.
Each of the said insurance policies shall be issued by a company or companies authorized to do business in the State of Florida and which have an A.M. Best Company Rating of “A” or better and a Financial Size Category of “V11” or as otherwise approved by Manager, in its sole discretion.
Best Company Rating of at least A-, for any or all claims which may arise out of, or result from, the services, work and operations carried out pursuant to and under the requirements of this Subcontract, whether such services, work and operations be by the firm, its employees, or by subcontractor(s), or anyone employed by or under the supervision of any of them, or for whose acts any of them may be legally liable.
Insurance must be placed with insurers with a current A.M. Best Company Rating equivalent to at least a Rating of “A:VII.” The certificate and endorsement by the insurance carrier must contain a statement of obligation on the part of the carrier to notify City and the City of any material change, cancellation or termination of the coverage at least thirty (30) days in advance of the effective date of any such material change, cancellation or termination.

More Definitions of Company Rating

Company Rating means, as of each date of determination, (i) the higher of the credit ratings assigned by ▇▇▇▇▇'▇ or S&P to the credit facilities provided under the Company Loan Agreement whether senior secured or senior unsecured or (ii) in the event that the Company Loan Agreement has been terminated, the higher of the credit ratings assigned by ▇▇▇▇▇'▇ or S&P to Company's senior unsecured debt, PROVIDED HOWEVER in the case of both (i) and (ii) above, that (a) each change in either such credit rating shall be deemed to be effective five days following the announcement by ▇▇▇▇▇'▇ or S&P of the change, and (b) in the event of a double split rating (or more) the highest intermediate rating shall apply.

Company Rating means, at any time, a then current rating, whether preliminary or final, published (or confirmed in writing to the Agent) by Standard & Poor's or Moody's, relating to unsecured long-term senior Debt of the Company which is then outstanding or with respect to which the Company has a registration statement on file with the Securities and Exchange Commission.