Creditworthy Person definition

Creditworthy Person means a Person with a senior unsecured and credit-unenhanced long term debt rating equivalent to A- or better as determined by at least two rating agencies, one of which must be either Standard & Poor’s or ▇▇▇▇▇’▇ (or if either one or both are not available, equivalent ratings from alternate rating sources reasonably acceptable to Gatherer).
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Creditworthy Person means any Person that (a) has (1) a net worth of at least One Billion Dollars ($1,000,000,000) or (2) has at least two of the following credit ratings: (A) Baa3 by ▇▇▇▇▇’▇ Investors Service, Inc., (B) BBB- by Standard & Poor’s Ratings Group or (C) BBB- by Fitch Ratings, a part of the Fitch Group; provided, however, that if such person or Portions of this Exhibit, indicated by the ▇▇▇▇ “[***],” were omitted and have been filed separately with the Secretary of the Commission pursuant to the Registrant’s application requesting confidential treatment pursuant to Rule 24b-2 of the Securities Exchange Act of 1934. entity is only rated by one such ratings agency and such rating meets any of (1), (2) or (3) above, then such rating shall suffice.
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Creditworthy Person means a person (i) that is not a competitor of Seller, and (ii) with a net worth of at least $ 500,000,000 as evidenced by audited financial statements of the Creditworthy Entity that are (a) prepared in accordance with GAAP ; (b) audited in accordance with United States generally accepted auditing standards; (c) dated as of a date not earlier than twelve
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Examples of Creditworthy Person in a sentence

  • N/A (The requirements with respect to provision of Financial Assurances are set out in the Rules and Regulations) Section Rights and Obligations of Committed Shipper in Producer Requirements Contract TSA Applicable to Flex Service Term Applicable to Uncommitted Shipper/Uncommitted Service (b) provide a Guarantee from a Creditworthy Person, provided that, in the case of a Shipper that is a Financial Institution such Guarantee shall be required to be provided by a Creditworthy Financial Institution.

  • Subject to the following sentence, Buyer may not assign this Agreement except to a Creditworthy Person without the prior written consent of Seller.

  • Prior to assigning this Agreement to a Creditworthy Person, Buyer must provide thirty (30) calendar days written notice of such assignment to Seller and if Seller reasonably objects to such assignment within such thirty (30) calendar days period, Buyer shall not consummate such assignment.

  • At all times from and after the date which is thirty (30) days following ▇▇▇▇▇▇▇’s delivery to Shipper of the Anticipated Commencement Date Notice until the expiry of the Term (the “Financial Assurances Provision Period”), Shipper shall: (a) be a Creditworthy Person; or Yes.


More Definitions of Creditworthy Person

Creditworthy Person means any Person (a)(i) with a long-term credit rating (corporate or long-term senior unsecured debt) of (A) (1) “Baa1” or higher from Moody’s or (2) “BBB+” or higher from S&P or (B) if rated by both Moody’s and S&P, both clauses (A)(1) and (A)(2), and
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