Eligible Letter of Credit Provider definition

Eligible Letter of Credit Provider means a Person having, at the time of the issuance of the related Letter of Credit and as of the date of any amendment or extension of the Commitment Termination Date a long-term senior unsecured debt rating (or the equivalent thereof) of at least “BBB” from DBRS (or if such Person is not rated by DBRS, “Baa2” by Moody’s or “BBB” by S&P).
Sample 1Sample 2Sample 3
Eligible Letter of Credit Provider means a U.S. commercial bank(s) or financial institution(s) or a U.S. branch of a foreign commercial bank(s) or financial institution(s) with an investment grade rating (provided that any such rating shall not be based solely on such bank's or financial institution's foreign currency rating at such time).
Sample 1Sample 2
Eligible Letter of Credit Provider means a Person having, at the time of the issuance of the related Letter of Credit and as of the date of any amendment or extension of the Commitment Termination Date a long-term senior unsecured debt rating (or the equivalent thereof) of at least “BBB” from DBRS (or if such Person is not rated by DBRS, “Baa2” by Xxxxx’x or “BBB” by S&P).
Sample 1Sample 2

Examples of Eligible Letter of Credit Provider in a sentence

  • The Administrator shall notify the Trustee in writing within one Business Day of becoming aware that any Series 2010-6 Letter of Credit Provider no longer qualifies as a Series 2010-6 Eligible Letter of Credit Provider.


More Definitions of Eligible Letter of Credit Provider

Eligible Letter of Credit Provider means a Person having, at the time of the issuance of the related Letter of Credit and as of the date of any amendment or extension of the Commitment Termination Date a long-term senior unsecured debt rating (or the equivalent thereof) of at least “BBB” from DBRS (or if such Person is not rated by DBRS, “Baa2” by Xxxxx’x or “BBB” by S&P). “Eligible Manufacturer Receivable” means, as of any date of determination: 39 CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [*REDACTED*].
Sample 1
Eligible Letter of Credit Provider means a Person having, at the time of the issuance of the related Series 2011-2 Letter of Credit, a long-term debt credit rating of at least “A (high)” from DBRS (or, if the Series 2011-2 Letter of Credit Provider is not rated by DBRS, “A1” in the case of Xxxxx’x and “A+” in the case of Standard & Poor’s) and a short-term debt credit rating of at least “R-1 (middle)” from DBRS (or, if the Series 2011-2 Letter of Credit Provider is not rated by DBRS, “P-2” in the case of Xxxxx’x and “A-1” in the case of Standard & Poor’s).
Sample 1

Related to Eligible Letter of Credit Provider

  • Credit Provider means a Person providing Credit Link Documents, in form and substance acceptable to the Administrative Agent in its sole discretion, of the obligations of an Investor to make Capital Contributions.

  • Letter of Credit Reimbursement Agreement has the meaning specified in Section 2.4(e).

  • 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.

  • Letter of Credit Agreement has the meaning specified in Section 2.03(a).