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 Xxxxx’x (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 Xxxxx’x 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 xxxx “[***],” 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 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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Examples of Creditworthy Person in a sentence

  • 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 Xxxxxxx’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.

  • Verification of work will be done on the basis of work completeness.2) No staff of GIL/IGR will be made available for the said work except for handing over and taking back the documents, receiving backup devices & indexed printouts.

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


More Definitions of Creditworthy Person

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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Related to Creditworthy Person

  • Handyperson means a person who is not a tradesperson and whose duties include the performance of routine repair work and maintenance in and about the employer’s premises.

  • Minority person means a person who is a citizen or lawful permanent resident of the United States and who is any of the following:

  • Independent Person means a person appointed under section 28(7) of the 2011 Act;

  • Dependent person means a person who cannot demonstrate financial independence from parents or persons other than a spouse and who does not meet the criteria for independence established in Section 5 of this administrative regulation.

  • Specified Person means a person who has:

  • Other Person means a person who is not a council member or an employee.

  • Approved Investor means any institution which has made a Takeout Commitment and has been approved by Buyer and not subsequently disapproved by Buyer.

  • approved person means, in respect of a member (Member) of the Investment Industry Regulatory Organization of Canada (IIROC), an individual who is a partner, director, officer, employee or agent of a Member who is approved by IIROC or another Canadian SRO to perform any function required under any IIROC or other Canadian SRO by-law, rule, or policy;

  • of a Person means any and all property, whether real, personal, tangible, intangible, or mixed, of such Person, or other assets owned, leased or operated by such Person.

  • Affected Financial Institution means (a) any EEA Financial Institution or (b) any UK Financial Institution.

  • Ultimate controlling person means that person which is not controlled by any other person.

  • Acquired Person means, with respect to any specified Person, any other Person which merges with or into or becomes a Subsidiary of such specified Person.

  • Purchasing Borrower Party means Holdings or any subsidiary of Holdings.

  • Elderly person means any person 65 years of age or older who is not subject to the provisions of ORS 441.640 to 441.665.

  • Designated Financial Institution shall have the meaning specified in Section 14.12(a).

  • Exposed person means any person wholly or partially in a danger zone;

  • Qualified Person means one who, by possession of a recognized degree, certificate, or professional standing, or who by extensive knowledge, training and experience, has successfully demonstrated his ability to solve or resolve problems relating to the subject matter, the work, or the project.

  • regulated financial institution means a state or nationally chartered bank, savings and loan association or savings bank, credit union, trust company, or other state or federally chartered lending institution or a regulated affiliate or regulated subsidiary of any of these entities.

  • Person means any natural person, corporation, limited liability company, trust, joint venture, association, company, partnership, Governmental Authority or other entity.

  • Licensed financial institution means a financial institution issued a license under this act.

  • 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.

  • Specified Insurance Company means any Entity that is an insurance company (or the holding company of an insurance company) that issues, or is obligated to make payments with respect to, a Cash Value Insurance Contract or an Annuity Contract.

  • Financial institution means a Custodial Institution, a Depository Institution, an Investment Entity, or a Specified Insurance Company.

  • Similarly situated entity means a first-tier subcontractor, including an independent contractor, that has the same small business program status as that which qualified the prime contractor for the award and that is considered small for the NAICS code the prime contractor assigned to the subcontract the subcontractor will perform. An example of a similarly situated entity is a first-tier subcontractor that is a HUBZone small business concern for a HUBZone set-aside or sole source award under the HUBZone Program.

  • Reasonable person means a reasonable person under similar circumstances and with similar identities to the victim.

  • 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.