Credit Rating definition

Credit Rating means, with respect to any entity, the rating then assigned to such entity’s unsecured, senior long-term debt obligations (not supported by third party credit enhancements) or if such entity does not have a rating for its senior unsecured long-term debt, then the rating then assigned to such entity as an issuer rating by S&P, Moody’s or any other rating agency agreed by the Parties as set forth in the Cover Sheet.

Credit Rating means the rating assigned by a Rating Agency to the senior unsecured long term Indebtedness of a Person.

Credit Rating means a rating as determined by a Credit Rating Agency of the Parent’s non-credit-enhanced, senior unsecured long-term indebtedness.

Examples of Credit Rating in a sentence

• Where the Customer or any provider of credit support for the Customer seeks or has an Acceptable Credit Rating under clause 1(b), the Customer, within five Business Days from the date of receipt of any request by Transpower, is to provide all financial information about itself or such provider of credit support for the Customer (as applicable) as may be reasonably required by Transpower to enable it to assess the creditworthiness of the Customer or of that provider of credit support for the Customer.

• Transpower is only obliged to accept credit support from a third party where the third party provider has an Acceptable Credit Rating.

• If at any time the Customer does not have an Acceptable Credit Rating then within 20 Business Days of a request by Transpower (which request will include confirmation of the amount of Transpower’s Counterparty Exposure), the Customer must provide, or (subject to clause 3) procure a third party to provide, to Transpower credit support in a form permitted by clause 4 for an amount not less than Transpower’s Counterparty Exposure.

• Where the Customer or credit support provider has an Acceptable Credit Rating under clause 1(a), the Customer is to inform Transpower as soon as practicable on the happening of any change in its external credit rating or on being put on negative credit watch.

• Failure by the Subscriber to pay any fees which he/she has already accepted, shall entitle Epic to disconnect the Services and/or to disrupt the use of Services by the Subscriber and/or proceed to informing the Default Debtor Database of a Credit Rating Organization in relation to the failure by the Subscriber to pay any outstanding invoices.

More Definitions of Credit Rating

Credit Rating means, with respect to any entity, (a) the rating then assigned to such entity’s unsecured senior long-term debt obligations (not supported by third party credit enhancements), or (b) if such entity does not have a rating for its unsecured senior long-term debt obligations, then the rating assigned to such entity as an issuer rating by S&P and/or Xxxxx’x. If the entity is rated by both S&P and Xxxxx’x and such ratings are not equivalent, the lower of the two ratings shall determine the Credit Rating. If the entity is rated by either S&P or Xxxxx’x, but not both, then the available rating shall determine the Credit Rating.

Credit Rating means, with respect to any entity, the rating then assigned to such entity’s unsecured, senior long-term debt obligations (not supported by third party credit enhancements) or if such entity does not have a rating for its senior unsecured long-term debt, then the rating then assigned to such entity as an issuer rating by S&P or Moody’s. If ratings by S&P and Moody’s are not equivalent, the lower rating shall apply.

Credit Rating means, with respect to any entity, (a) the rating then assigned to such entity’s unsecured senior long-term debt obligations (not supported by third party credit enhancements), or (b) if such entity does not have a rating for its unsecured senior long-term debt obligations, then the rating assigned to such entity as an issuer rating by S&P and/or Moody’s. If the entity is rated by both S&P and Moody’s and such ratings are not equivalent, the lower of the two ratings shall determine the Credit Rating. If the entity is rated by either S&P or Moody’s, but not both, then the available rating shall determine the Credit Rating.

Credit Rating means the rating assigned by the Rating Agencies to Borrower’s senior unsecured long term indebtedness.

Credit Rating means, at any time, with respect to Caterpillar or CFSC, the credit rating on such Borrower’s long-term senior unsecured debt then most recently publicly announced by either Xxxxx’x or S&P, and “Credit Ratings” means with respect to each such Borrower, such credit ratings from both Xxxxx’x and S&P. In the case of each of CFKK and CIF, “Credit Rating” and “Credit Ratings” mean, at any time, the Credit Rating and Credit Ratings of CFSC at such time, as determined pursuant to the preceding sentence.

Credit Rating means, as of any date, the then applicable senior, unsecured, long-term debt or corporate credit rating of a Person published by either Xxxxx’x or S&P.

Credit Rating means the rating assigned by a Rating Agency to the Borrower or Whitestone REIT for the senior unsecured long term indebtedness of the Borrower.