Creditworthy Affiliate definition

Creditworthy Affiliate has the meaning assigned to such term in the Company LLC Agreement.
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Creditworthy Affiliate means a Member’s Affiliate that meets the Credit Standards or that is otherwise determined by Unanimous Consent to be sufficiently creditworthy to provide the guaranties in accordance with such Sections.
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Creditworthy Affiliate means an affiliate of a party with an Investment Grade credit rating.
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Examples of Creditworthy Affiliate in a sentence

  • If a Creditworthy Seller, or its Creditworthy Affiliate if a Seller’s Guaranty is furnished as Performance Security, loses its Creditworthy status during the Term, Seller must deliver Performance Security, or in the case of a Seller’s Guaranty, replacement Performance Security, to PSE in the amount specified in this Appendix E within five (5) Business Days.

  • Any incremental Buyer Credit Support required from Buyer may be in the form of (i) cash, (ii) an irrevocable letter of credit from an Acceptable Financial Institution in substantially the form of the Initial Buyer LC, (iii) a guarantee from a Creditworthy Affiliate in form and substance reasonably satisfactory to Seller, or (iv) some combination of the foregoing, in each case, for a value equivalent to the Buyer Credit Support being provided.

  • If a Creditworthy Seller, or its Creditworthy Affiliate if a Seller Guaranty is furnished as Performance Security, loses its Creditworthy status during the Term, Seller must deliver Performance Security, or in the case of a Seller Guaranty, replacement Performance Security, to PSE in the amount specified in this Appendix E within five (5) Business Days.

  • Any incremental Seller Credit Support required from Seller may be in the form of (i) cash, (ii) an irrevocable letter of credit from an Acceptable Financial Institution in substantially the form of the Initial Seller LC, (iii) a guarantee from a Creditworthy Affiliate in form and substance reasonably satisfactory to Buyer, or (iv) some combination of the foregoing, in each case, for a value equivalent to the Seller Credit Support being provided.

  • Each Member shall cause a Guaranty Agreement from its Parent or other Creditworthy Affiliate to be executed and delivered to the other Members on or before the Effective Date.

  • Georgia Power may not assign this Agreement or any portion thereof to any Person other than a Creditworthy Affiliate subject to the jurisdiction of a state regulatory commission without the prior written consent of Seller.

  • The sponsor of the Sweepstakes is miraDry, Inc., 2790 Walsh Avenue, Santa Clara, CA 95051.

  • Administrators for the first time were asked to utilize their personal value judgments in public decision-making.

Related to Creditworthy Affiliate

  • Borrower Party Affiliate means, with respect to the Mortgage Loan Borrower, a manager of the Mortgaged Property or an Accelerated Mezzanine Loan Lender, (a) any other Person controlling or controlled by or under common control with such Mortgage Loan Borrower, manager or Accelerated Mezzanine Loan Lender, as applicable, or (b) any other Person owning, directly or indirectly, 25% or more of the beneficial interests in such Mortgage Loan Borrower, manager or Accelerated Mezzanine Loan Lender, as applicable. For the purposes of this definition, “control” when used with respect to any specified Person means the power to direct the management and policies of such Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise and the terms “controlling” and “controlled” have meanings correlative to the foregoing.

  • BNY Affiliate means any office, branch or subsidiary of The Bank of New York Company, Inc.

  • Screened Affiliate means any Affiliate of a Holder (i) that makes investment decisions independently from such Holder and any other Affiliate of such Holder that is not a Screened Affiliate, (ii) that has in place customary information screens between it and such Holder and any other Affiliate of such Holder that is not a Screened Affiliate and such screens prohibit the sharing of information with respect to the Company or its Subsidiaries, (iii) whose investment policies are not directed by such Holder or any other Affiliate of such Holder that is acting in concert with such Holder in connection with its investment in the Notes, and (iv) whose investment decisions are not influenced by the investment decisions of such Holder or any other Affiliate of such Holder that is acting in concert with such Holders in connection with its investment in the Notes.

  • Company Affiliate means any entity controlled by, in control of, or under common control with, the Company.

  • Customer Affiliate means an entity that owns or controls, is owned or controlled by or is or under common control or ownership with Customer, where control is defined as the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of an entity, whether through ownership of voting securities, by contract or otherwise;

  • Affiliated Party means, with respect to any Purchaser, any person or entity which, directly or indirectly, controls, is controlled by or is under common control with such Purchaser, including, without limitation, any general partner, officer or director of such Purchaser and any venture capital fund now or hereafter existing which is controlled by one or more general partners of, or shares the same management company as, such Purchaser.

  • Affiliated has a correlative meaning.

  • Financially Evaluated Entity means the company which has been evaluated for the satisfaction of the financial requirement set forth in Clause 2.1.3 hereof;

  • Permitted Affiliate means with respect to any Person (a) any Person that directly or indirectly controls such Person, and (b) any Person which is controlled by or is under common control with such controlling Person. As used in this definition, the term “control” of a Person means the possession, directly or indirectly, of the power to vote eighty percent (80%) or more of any class of voting securities of such Person or to direct or cause the direction of the management or policies of a Person, whether through the ownership of voting securities, by contract or otherwise.

  • Non-Party Affiliates has the meaning set forth in Section 10.15.

  • Approved Entity means a body corporate that is incorporated or established under the laws of an OECD member state and which, on the occurrence of the Relevant Event, has in issue Relevant Shares.

  • Related Financial Product means any financial product which references directly or indirectly the Preference Shares.

  • BHC Affiliate has the meaning assigned to the term “affiliate” in, and shall be interpreted in accordance with, 12 U.S.C. §1841(k).

  • Business Relationship Strength for the purpose of this RFP shall mean the definition and commitment of the respondent towards a mutually successful “relationship” between the selected contractor and HCC for the duration of the contract. Respondent’s Statement of Qualification must include their definition, proposal and commitment to forge, foster and maintain a mutually successful “relationship” with HCC. At a minimum, your response must include:

  • Excluded Affiliates means, collectively, any Affiliates of any of the Lead Arrangers that are engaged as principals primarily in private equity, mezzanine financing or venture capital.

  • Controlled unaffiliated business means a company:

  • Excluded Affiliate means any Affiliate of any Agent that is engaged as a principal primarily in private equity, mezzanine financing or venture capital.

  • Non-Affiliate means, for any specified Person, any other Person that is not an Affiliate of the specified Person.

  • Subsidiaries means any corporation or other organization, whether incorporated or unincorporated, in which the Company owns, directly or indirectly, any equity or other ownership interest.

  • Related Companies means the companies within the meaning of Article L. 225-197-2 of the French Commercial Code or any provision substituted for same.

  • Affiliated business entity relationship means a relationship, other than a parent- subsidiary relationship, that exists when

  • Downstream Affiliate means an entity whose outstanding Voting Shares were, at the date of issuance of the Qualifying Guarantee, more than 50 per cent. owned, directly or indirectly, by the Reference Entity.

  • Parent Companies means, collectively, (i) Charter, (ii) Charter Holdings, (iii) Charter Communications Holding Company, LLC, a Delaware limited liability company, and (iv) CCH II.

  • Ultimate Parent Company means a company which owns at least twenty six percent (26%) equity in the Bidding Company or Member of a Consortium, (as the case may be) and in the Technically Evaluated Entity and/or Financially Evaluated Entity (as the case may be) and such Bidding Company or Member of a Consortium, (as the case may be) and the Technically Evaluated Entity and/or Financially Evaluated Entity (as the case may be) shall be under the direct control or indirectly under the common control of such company;

  • Person acting as a parent means a person, other than a parent, who:

  • Approved company means a company approved by the Minister under clause 17A(1)”;