Investment Grade Company definition

Investment Grade Company means a company that has senior unsecured long-term indebtedness for borrowed money that is rated at least BBB- by Standard & Poor’s Ratings Services and at least Baa3 by Moody’s Investors Service, Inc.
Sample 1Sample 2Sample 3
Investment Grade Company means a Person whose debt securities are rated BBB- or higher by Standard & Poor's Ratings Service, Inc. or Baa3 or higher by Moodx'x Xxxestor Service, Inc. (or an equivalent rating by another nationally recognized rating agency).
Sample 1Sample 2
Investment Grade Company means any Person whose senior unsecured long-term debt is rated BBB- or better by Standard & Poor's or Baa3 or better by Moodx'x Xxxestors Service, Inc., or equivalent rating by an equivalent rating agency acceptable to Agent. Labor Contracts shall mean all employment agreements, employment contracts, collective bargaining agreements and other agreements among any Loan Party or Subsidiary of a Loan Party and its employees. Law shall mean any law (including common law), constitution, statute, treaty, regulation, rule, ordinance, opinion, release, ruling, order, injunction, writ, decree, consent decree, bond, judgment, authorization, lien or award of any Official Body. Letter of Credit shall have the meaning set forth in Exhibit 2.9.
Sample 1

Examples of Investment Grade Company in a sentence

  • S&P and Xxxxx’x shall have issued Investment Grade Company Credit Ratings for PG&E.

  • S&P and Xxxxx'x shall have issued Investment Grade Company Credit Ratings for PG&E.

  • The Commission furtherrecognizes that the establishment, maintenance and improvement of PG&E’s Investment Grade Company Credit Ratings directly benefits PG&E’s ratepayers by reducing PG&E’s immediate and futureborrowing costs, which, in turn, will allow PG&E to finance its operations and make capital expenditures on its distribution,transmission, and generation assets at a lower cost to its ratepayers.

  • In furtherance of these objectives, the Commission agrees to act to facilitate and maintain Investment Grade Company Credit Ratings for PG&E.

  • The Commission further recognizes that the establishment, maintenance and improvement of PG&E’s Investment Grade Company Credit Ratings directly benefits PG&E’s ratepayers by reducing PG&E’s immediate and future borrowing costs, which, in turn, will allow PG&E to finance itsoperations and make capital expenditures on its distribution,transmission, and generation assets at a lower cost to its ratepayers.

  • An Investment Grade Company which either (i) is in ------------------ the telecommunications industry or (ii) engages in a business which will benefit from strategic synergies from an Investment in Grand Parent.

  • S&P and Moody’s shall have issued Investment Grade Company Credit Ratings for PG&E.

  • In furtherance of these objectives, the Commission agrees to act to facilitate and maintain Investment Grade Company Credit Ratings for PG&E.The commitment in Paragraph 2g must be modified to provide an explicit commitment by PG&E’s management that mirrors the Commission’scommitment.

  • Xxxxx, Madison Dearborn Capital --------------------- Partners, L.P., Xxxxx & Company Incorporated and Chatterjee Management Company and their respective Affiliates at the Closing Date and the one Investment Grade Company (if any) that acquires [*] or less of the Capital Stock of Grand Parent pursuant to the definition of "Change of Control." Expense Allocation Agreement.

  • Xxxxx, Madison Dearborn Capital --------------------- Partners, L.P., Xxxxx & Company Incorporated and Chatterjee Management Company and their respective Affiliates at the Closing Date and the one Investment Grade Company (if any) that acquires 49.0% or less of the Capital Stock of Grand Parent pursuant to the definition of "Change of Control." Expense Allocation Agreement.


More Definitions of Investment Grade Company

Investment Grade Company means a company that has senior unsecured long-term indebtedness for borrowed money that is rated at least BBB- by Standard & Poor’s Ratings Services and at least Baa3 by Xxxxx’x Investors Service, Inc. “Lien” means, with respect to any property or asset, any mortgage, deed of trust, lien, pledge, charge, security interest, claim, option, warrant or other right to purchase, conditional sales or title retention agreement, right of first or last negotiation, offer or refusal, or other encumbrance of any kind in respect of such property or asset. “Losses” means any third-party losses, liabilities, claims, obligations, deficiencies, demands, judgments, damages, interest, fines, penalties, suits, causes of action, assessments, awards, costs and expenses, including reasonable costs of investigation and reasonable defense and attorneys’ and other professionals’ fees, but excluding any consequential, special or punitive damages, damages for lost profits, or other similar extraordinary damages, except in each case to the extent any of the foregoing are awarded to a third party with respect to a claim for which indemnity is available under Article 8. “Outside Date” means November 3, 2012. “Person” means an individual, corporation, partnership, limited liability company, association, trust or other entity or organization, including a Governmental Authority. “Specified Financing Event” means that the debt financing markets have experienced a material liquidity disruption at least as severe (in scope and magnitude) as the disruption experienced in such markets in late 2008 and, as a result of such material liquidity disruption, notwithstanding the Company’s compliance in all material respects with Section 5.04(c), the Company Debt Financing is either (A) unavailable to the Company or (B) available to the 6 Company only on terms that are in the aggregate materially less favorable to the Company than those that would be available to an Investment Grade Company as of the date hereof. “Subsidiary” means any entity of which (i) securities or other ownership interests having ordinary voting power to elect a majority of the board of directors or other persons performing similar functions are at the time directly or indirectly owned by the Company or (ii) the Company is entitled, directly or indirectly, to appoint a majority of the board of directors or other persons performing similar functions. “Transaction Documents” means this Agreement and the A&E Note. (b) Each of the fo...
Sample 1
Investment Grade Company means, as of any date, a Person with a Credit Rating of BBB or higher by S&P (or the equivalent rating by Xxxxx’x or Fitch).
Sample 1
Investment Grade Company means a company that has senior unsecured long-term indebtedness for borrowed money that is rated at least BBB-
Sample 1
Investment Grade Company means a company that has senior unsecured long-term indebtedness for borrowed money that is rated at least BBB- by Standard & Poor’s Ratings Services and at least Baa3 by Xxxxx’x Investors Service, Inc.
Sample 1
Investment Grade Company means a Person that has senior unsecured, non- credit enhanced, long-term indebtedness for borrowed money outstanding which is rated BBB- or higher by Standard & Poor's Rating Services (or any successor thereto reasonably acceptable to CSI and TLI) or Baa3 or higher by Xxxxx'x Investors Service, Inc. (or any successor thereto reasonably acceptable to CSI and TLI), provided that, if a debt rating is issued by each of Standard & Poor's Rating Services and Xxxxx'x Investors Service, Inc., then the lower of such debt ratings shall apply.
Sample 1

Related to Investment Grade Company

  • Investment Grade Credit Rating means (a) with respect to Fitch, a credit rating of BBB- or higher, (b) with respect to Xxxxx’x, a credit rating of Baa3 or higher and (c) with respect to S&P, a credit rating of BBB- or higher.

  • Investment Grade means a rating of Baa3 or better by Moody’s (or its equivalent under any successor rating categories of Moody’s); a rating of BBB- or better by S&P (or its equivalent under any successor rating categories of S&P); and the equivalent investment grade credit rating from any additional Rating Agency or Rating Agencies selected by the Company.

  • Investment Grade Certificate As of any date of determination, a Certificate that is rated in one of the four highest generic rating categories by at least one Rating Agency that is defined as a “Rating Agency” under Section III of the Exemption.

  • Moody’s means Xxxxx’x Investors Service, Inc.

  • Investment Grade Securities means:

  • Moody s” means Moody’s Investors Service, Inc.

  • Investment Grade Ratings means a rating equal to or higher than Baa3 (or the equivalent) by Moody’s and BBB- (or the equivalent) by S&P, provided that no negative watch is placed on such rating.

  • Baa2 or higher by Moody's with respect to any outstanding long-term unsecured unsubordinated debt, and, in the case of a successor Trustee or successor Securities Administrator other than pursuant to Section 10.10, rated in one of the two highest long-term debt categories of, or otherwise acceptable to, each of the Rating Agencies. The Trustee shall not be an Affiliate of the Master Servicer. If the Trustee publishes reports of condition at least annually, pursuant to law or to the requirements of the aforesaid supervising or examining authority, then for the purposes of this Section 10.06 the combined capital and surplus of such corporation shall be deemed to be its total equity capital (combined capital and surplus) as set forth in its most recent report of condition so published. In case at any time the Trustee or the Securities Administrator, as applicable, shall cease to be eligible in accordance with the provisions of this Section 10.06, the Trustee or the Securities Administrator shall resign immediately in the manner and with the effect specified in Section 10.08.

  • Investment Grade Rating means a rating equal to or higher than Baa3 (or the equivalent) by Moody’s and BBB- (or the equivalent) by S&P, or an equivalent rating by any other Rating Agency.

  • Investment Grade Rating Date means the date on which the Borrower first obtains an Investment Grade Rating.

  • Aa3 by Moody's or are rated "Aa3" by Moody's and such rating is on watch for possible downgrade (but only for so long as it is on watch for possible downgrade), or (C) either (i) the unsecured, short-term debt obligations of Party A (or its Credit Support Provider) are rated below "A-1" by S&P or (ii) if Party A (or its Credit Support Provider) does not have a short-term rating from S&P, the unsecured, long-term senior debt obligations of Party A (or its Credit Support Provider) are rated below "A+" by S&P (such event, a "Collateralization Event"), then, Party A, at its own cost and subject to the Rating Agency Condition, shall within 30 days either (i) cause another entity to replace Party A as party to this Agreement that satisfies the Swap Counterparty Ratings Requirement and that is approved by the Trustee (which approval shall not be unreasonably withheld) on terms substantially similar to this Agreement; (ii) obtain a guaranty of, or a contingent agreement of another person that satisfies the Swap Counterparty Ratings Requirement, to honor Party A's obligations under this Agreement, provided that such other person is approved by the Trustee such approval not to be unreasonably withheld; (iii) post collateral in accordance with a Credit Support Annex which satisfies the Rating Agency Condition; or (iv) establish any other arrangement satisfactory to the applicable Swap Rating Agency which will be sufficient to restore the immediately prior ratings of the Swap Certificates (determined without regard to any financial guaranty insurance policy, if applicable). All collateral posted by Party A shall be returned to Party A immediately upon Party A securing a substitute counterparty that satisfies the Swap Counterparty Ratings Requirement.

  • Investment Grade Rating Event means the first day on which the Notes have an Investment Grade Rating from each Rating Agency, and no Default has occurred and is then continuing under this Indenture.

  • DBRS means DBRS, Inc., and its successors in interest.

  • Rating means the operating limits as specified by the component manufacturer.

  • Xxxxx’x Rating means, at any time, the rating issued by Xxxxx’x and then in effect with respect to the Borrower’s senior unsecured long-term debt securities without third-party credit enhancement.

  • Mxxxx’x Rating means, with respect to a Reference Obligation, as of any date of determination:

  • Investment Grade Status shall occur when the Notes receive two of the following:

  • Investment Grade Account Debtor means an Account Debtor that, at the time of determination, has a corporate credit rating and/or family rating, as applicable, of BBB- or higher by S&P or Baa3 or higher by Moody’s.

  • Ratings As of any date of determination, the ratings, if any, of the Certificates as assigned by the Rating Agencies.

  • S&P Global Ratings means S&P Global Ratings, a division of S&P Global.

  • BBB by Standard & Poor's or "Baa2" by Moody's, as promptly as practicabxx xxx in any case within 90 days of the event, the Master Servicer shall, at its expense, either

  • P-1 for three (3) month instruments, "Aa3" and "P-1" for six (6) month instruments and "Aa2" and "P-1" for instruments with a term in excess of six (6) months, (ii) with respect to rating assigned by S&P, "A-1" for short-term instruments and "A" for long-term instruments, and (iii) with respect to rating assigned by Fitch (if such investment is rated by Fitch), "F-1+" for short-term instruments and "AAA" for long-term instruments.

  • Standard & Poor’s means Standard & Poor’s Ratings Services, a division of The XxXxxx-Xxxx Companies, Inc.

  • Fitch means Fitch Ratings, Inc., and its successors in interest.

  • Required Ratings [Ratings] Closing Date, Location and Time: ___________ ___, 20___; offices of Cadwalader, Wickersham & Taft, LLP, Xxx Xxxx, New Xxxk; 10:00 a.m. New York City time. Purchase Price for the Offered Certificates: Class Percent of Initial Aggregate ----- Principal Balance -------------------------------- Class A % Classes B-1, B-2 and B-3 % In eaxx xxxx, as offered and sold pursuant to this Terms Agreement, plus accrued interest, if applicable, thereon. Notwithstanding any other provision of the above-referenced Underwriting Agreement, all references to the Registration Statement in the Underwriting Agreement shall be with reference to File No. _________. Subject to the terms and conditions and in reliance upon the representations and warranties set forth in the above-referenced Underwriting Agreement (which is incorporated herein in its entirety and made a part hereof) as supplemented by this Terms Agreement, the Seller agrees to sell to the Underwriter, and the Underwriter agrees to purchase from the Seller, the Offered Certificates. The Underwriter has been retained solely to act as underwriter in connection with the sale of the Offered Certificates to investors (including the establishment of the price of the Offered Certificates to investors), and no fiduciary, advisory or agency relationship between Seller and the Underwriter has been created in respect of any of the transactions contemplated by this Terms Agreement, irrespective of whether the Underwriter has advised or is advising Seller on other matters. * * * If the foregoing is in accordance with your understanding of our agreement, please sign and return to the undersigned a counterpart hereof, whereupon this letter and your acceptance shall represent a binding agreement by and among the Seller, Wells Fargo Bank, N.A. and the Underwriter. Very truly yours, WELLS FARGO ASSET SECURITIES XORPORATION By: ---------------------------- Name: Title: WELLS FARGO BANK, N.A. By: ---------------------------- Name: Title: The foregoing Terms Agreement is hereby confirmed and accepted as of the date first above written. HSBC SECURITIES (USA) INC. By: ---------------------------------- Name: Title: Exhibit B SUPPLEMENTAL INFORMATION With respect to any investor, "Supplemental Information" means any of the following types of information, to the extent omitted from the Issuer Free Writing Prospectus:

  • Ratings Spread means, with respect to an SRP Calculation Period, the percentage per annum set forth below opposite the highest applicable credit rating assigned to the VRDP Shares, unless the lowest applicable rating is below A3/A-, in which case the Ratings Spread shall mean the percentage per annum set forth below opposite the lowest applicable credit rating assigned to the VRDP Shares by Moody’s, Fitch or any Other Rating Agency, in each case rating the VRDP Shares at the request of the Fund, on the SRP Calculation Date for such SRP Calculation Period: