Credit Worthy definition

Credit Worthy means the condition of an applicant who has been deemed able to repayan educational loan based upon an evaluation of the applicant's credit history.
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Credit Worthy means that such Affiliate's has a net worth equal to not less than $5,000,000.00. Landlord agrees to release Tenant from all obligations under this Lease in the event the obligations of Tenant under this Lease are assumed under the provisions of the preceding sentence by a corporation whose Landlord acknowledges that Tenant's business to be conducted on the Premises requires the installation on the Premise of certain communications equipment by certain licensees and customers of Tenant (collectively, "Customers") in order for such Customers to interconnect with Tenant's terminal facilities or to permit Tenant to manage or operate such Customers' equipment, or otherwise as may be required pursuant to applicable statures and regulations. Notwithstanding anything to the contrary in this Lease, Landlord hereby consents in advance to any sublease, license agreement, co-location agreement or similar agreement (collectively, "Customer License") between Tenant and such a Customer for the limited purpose of permitting such arrangements as described above. Any and all of the transactions permitted under this Section 6.2 shall not constitute an assignment, subletting or other transaction requiring the consent of Landlord under the provisions of this Section 6.2 and shall not be subject to any of the other provisions of this Section 6.2. Notwithstanding the provisions of this Section 6.2, Landlord shall not unreasonably withhold its consent in connection with an assignment of this Lease or a subletting of all or any portion of the Premises to a qualified third party if (i) rent is to be at not less than the then market rate for comparable space within the Building, (ii) Landlord receives evidence satisfactory to Landlord that such proposed third-party is "Creditworthy" (as defined above), (iii) Landlord receives evidence satisfactory to Landlord that the proposed subtenant or assignee will immediately occupy and thereafter use the Premises, or applicable portion thereof, in accordance with the Permitted Use for the remainder of the Lease Term, or for the entire term of any sublease, if such expires prior to the expiration of the Lease Term, and (iv) the occupancy of the Premises, or applicable portion thereof, by the proposed third-party would not increase fire hazards, require substantial alterations to the Premises, or applicable portions thereof, reduce the rental value of rentable space within the Building, or adversely affect the reputation and image of the Build...
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Credit Worthy means a tenant which (a) is currently, or has been, a tenant at the Property, the CRV Property or the CPR Property (other than any tenant which has materially breached its lease, is insolvent or is subject to a bankruptcy or creditor's rights proceeding, or had a history of significant arrears), (ii) is listed on Exhibit 1.1.14 hereto, or (iii) otherwise satisfies customary financial criteria required by landlords of similar retail shopping centers.
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Examples of Credit Worthy in a sentence

  • Purchaser represents and warrants that it is Credit Worthy and that it is not incorporated or located in any country where any U.S. or foreign export regulations or other government regulations would restrict or limit either party’s ability to enter into this Agreement and perform its obligations hereunder.

  • Seller shall have the right to terminate this Agreement immediately, and all of its obligations under this Agreement, if either (i) Seller has not received such payment within the above-defined ten (10) business days, or (ii) Purchaser is not Credit Worthy or otherwise breaches it representations set forth in Section 5.1 below.

  • Worthy Supported Debt in an aggregate amount not to exceed $250,000,000 at any time outstanding for all such Specified Credit Worthy Supported Debt and (y) Consolidated Total Debt shall be further adjusted as provided in the definition of Pro Forma Basis.

  • The notice must include Customer name and a description of the Credit Worthy Event.

  • Buyer acknowledges that Seller, or Seller’s Credit Worthy Affiliate, may finance the development, installation, acquisition, operation and/or maintenance of the PV System with debt, equity, leaseback financing and/or other accommodations from an Affiliated entity, and/or from one or more other entities, including MS Solar Solutions Corp.

  • For greater certainty, the Performance Security can be withdrawn at any time that BEM LP is a Credit Worthy Party.

  • All Credits will be issued as a credit to the next invoice following receipt by Infinidat of the written notice of the Credit Worthy Event.

  • All Credit requests must be made via written notice to Infinidat support, with a copy to ▇▇▇▇▇▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇.▇▇▇, within fifteen (15) days of the Credit Worthy Event.


More Definitions of Credit Worthy

Credit Worthy means a legal or natural person that (i) is, and will be after giving effect to the relevant assignment will be, solvent and (ii) is not subject at the time of such assignment to any order, decree or petition providing for the winding-up or liquidation of such person, the appointment of a receiver over the whole or part of the assets of such person or the bankruptcy or administration of such person. For the purposes of this definition, “solvent” means with respect to such legal or natural person as on any date of determination, that as of such date, (i) the value of the assets of such person is greater than the total amount of actual liabilities of such person and (ii) such person is able to pay all liabilities of such person as such liabilities mature;
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Credit Worthy means, with respect to any Person that is an assignee of obligations under this Agreement or a transferee of any Company Securities, that the risk (financial or otherwise) that such Person will not satisfy such obligations or the obligations associated with such Company Securities is no greater than the comparable risk associated with the assignor or transferor, as the case may be.
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Credit Worthy means that an assignee or transferee has assets and creditworthiness equal to or higher than those of the assigning Party as of the date the Assigning Party entered into this Agreement.
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Credit Worthy means an individual or entity having a net worth equal to or greater than Lessee. No subletting shall relieve Lessee of its obligations hereunder, and Lessee shall continue to be liable as a principal and not as a guarantor or surety, to the same extent as though no sublease had been made. In the event of a sublease executed by the Lessee, such sublease shall contain a provision whereby in the event of a termination of this Lease, Lessor shall have the right to terminate said sublease, in which event all rights and interests of the subtenant shall automatically cease and terminate.
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Credit Worthy means that Purchaser (i) is a publicly traded corporation on a major stock exchange and has a market capitalization in excess of one billion U.S. dollars (or equivalent); (ii) has total revenue for its last four fiscal quarters in excess of one billion U.S. dollars (or equivalent); and (iii) has a corporate credit rating of at least “A” (low risk) or equivalent from ▇▇▇▇▇’▇, S & P or other recognized credit rating agency.
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Related to Credit Worthy

  • Letter of Credit Accommodations means, collectively, the letters of credit, merchandise purchase or other guaranties which are from time to time either (a) issued or opened by Agent or any Lender for the account of any Borrower or Obligor or (b) with respect to which Agent or Lenders have agreed to indemnify the issuer or guaranteed to the issuer the performance by any Borrower or Obligor of its obligations to such issuer; sometimes being referred to herein individually as "Letter of Credit Accommodation".

  • Letter of Credit Availability Period the period from and including the Closing Date to but excluding the Letter of Credit Maturity Date.

  • Facility Letter of Credit Obligations means, as at the time of determination thereof, all liabilities, whether actual or contingent, of the Borrower with respect to Facility Letters of Credit, including the sum of (a) the Reimbursement Obligations and (b) the aggregate undrawn face amount of the then outstanding Facility Letters of Credit.

  • Letter of Credit Facility means, at any time, an amount equal to the amount of the Issuing Bank's Letter of Credit Commitment at such time, as such amount may be reduced at or prior to such time pursuant to Section 2.05.

  • Standard Letter of Credit Practice means, for Issuing Bank, any domestic or foreign law or letter of credit practices applicable in the city in which Issuing Bank issued the applicable Letter of Credit or, for its branch or correspondent, such laws and practices applicable in the city in which it has advised, confirmed or negotiated such Letter of Credit, as the case may be, in each case, (a) which letter of credit practices are of banks that regularly issue letters of credit in the particular city, and (b) which laws or letter of credit practices are required or permitted under ISP or UCP, as chosen in the applicable Letter of Credit.