Credit Rating Threshold definition

Credit Rating Threshold means the minimum credit rating level for the Supplier and the Framework Guarantor as set out in Annex 2; and

Credit Rating Threshold means the minimum credit rating level for the Consultant as set out in Annex 1

Credit Rating Threshold means the minimum credit rating level for the Rated Organisation as set out in the Order Form;

Examples of Credit Rating Threshold in a sentence

• For the purposes of determining whether a Financial Distress Event has occurred pursuant to the provisions of paragraph 142.1.1, the credit rating of the Supplier or the Framework Guarantor (as the case may be) shall be deemed to have dropped below the applicable Credit Rating Threshold if any of the Rating Agencies have rated the Supplier or the Framework Guarantor (as the case may be) at or below the applicable Credit Rating Threshold.

• The Supplier shall and shall procure that the Framework Guarantor shall maintain a long term credit rating above the relevant Credit Rating Threshold set out in Annex 1 to this Framework Schedule.

• The Supplier shall promptly notify (or shall procure that its auditors promptly notify) the Authority in writing if it ceases, or the Framework Guarantor ceases, to maintain a long term credit rating above the relevant Credit Rating Threshold (and in any event within ten (10) Working Days of ceasing to have such credit rating), whereupon the Supplier shall ensure that its auditors calculate such financial ratios as may be reasonably requested in writing by the Authority.

• To the extent customer exposure increases above Credit Rating Threshold amounts stated in the Comprehensive Credit Support and Final Settlement Calculation Agreement as a result of changes in market prices, FPL is required to post additional security in the form of a letter of credit or cash.

• For the purposes of determining whether a Financial Distress Event has occurred pursuant to the provisions of paragraph 117.1.1, the credit rating of the Supplier, the (as the case may be) shall be deemed to have dropped below the applicable Credit Rating Threshold if any of the Rating Agencies have rated the Supplier or relevant Sub-Contractor (as the case may be)] at or below the applicable Credit Rating Threshold.

More Definitions of Credit Rating Threshold

Credit Rating Threshold means the minimum credit rating level for the Supplier as set out in Annex 1

Credit Rating Threshold means the minimum credit rating level for the Supplier as set out in Annex 2; and

Credit Rating Threshold the minimum Credit Rating Level for each entity in the FDE Group as set out in Annex 2 of this Schedule;

Credit Rating Threshold means the minimum credit rating level for the Supplier [and the Framework Guarantor/ [ and Call Off Guarantor]]as set out in Annex 2 [and for each Key Sub-Contractor as set out in Framework Schedule 7 (Key Sub-Contractors)];

Credit Rating Threshold means the figure for the Monitored Company as set out in the column entitled ‘Credit Rating Threshold’ of the table at Annex 2 of Schedule 7 (Financial Distress);"

Credit Rating Threshold means the minimum Credit Rating Level for the Supplier as set out in annex ANNEX 3: to schedule Error: Reference source not found (Financial Distress) and for each Key Sub‑contractor as set out in schedule 4.3 (Notified Key Sub‑contractors); and

Credit Rating Threshold means the minimum credit rating level forthe Supplier [and the Framework Guarantor/ [ and Call Off Guarantor]] as set out in Annex 2 [and for each Key Sub-Contractor as set out in Schedule 7 (Key Sub-Contractors)]; and"Financial Distress Service Continuity Plan"means a plan setting out how the Supplier will ensure the continued performance and delivery of the Goods and/or Services in accordance with this Framework Agreement in the event that a Financial Distress Event occurs;"Rating Agencies"means the rating agencies listed in Annex 1.