Investment Grade Entity means a Person (i) the Indebtedness of which has an Investment Grade Rating and (ii) the common shares of which are listed on the New York Stock Exchange, Nasdaq, the BMV or a member of the World Federation of Exchanges.
Investment Grade Entity means an entity having a Credit Rating of BBB- or above from S&P or Baa3 or above from Moody's.
Investment Grade Entity means (a) with respect to any U.S. Entity, an entity having long-term unsecured debt obligations which are rated at least BBB- by Standard & Poor's Ratings Service, or any successor thereto ("S&P"), or Baa3 by Xxxxx'x Investor Service or any successor thereto ("Moody's"), or a comparable rating from any other rating agency designated by the Securities and Exchange Commission as a nationally recognized statistical rating organization (an "NRSRO") or (b) in the case of an entity which does not have long-term unsecured debt obligations, or whose long-term unsecured debt obligations are not rated by S&P, Moody's or any other NRSRO, or which is not a U.S. Entity, an entity having, in the reasonable judgment of Salomon Inc, credit quality comparable to that of an entity described in clause (a).
Examples of Investment Grade Entity in a sentence
Buyer Parent is, and at the Closing will be, an Investment Grade Entity.
Each Tranche B Lender that is not an Investment Grade Entity shall have entered into a Cash Collateral Agreement with the Issuing Lender.
In the case of a request for the issuance of any Tranche B Letter of Credit, each Tranche B Lender that is not an Investment Grade Entity shall have delivered to the Issuing Lender cash in an amount equal to the face amount of such requested Tranche B Letter of Credit, such cash to be held by the Issuing Lender pursuant to the Cash Collateral Agreement between the Issuing Lender and such Tranche B Lender.
More Definitions of Investment Grade Entity
Investment Grade Entity means an entity having a Credit Rating of BBB- or above from S&P and Baa3 or above from Xxxxx'x.
Investment Grade Entity means a Person with a rating equal to or higher than Baa3 (or the equivalent) by Xxxxx’x Investors Service, Inc. (or any successor to the rating agency business thereof) or BBB- (or the equivalent) by Standards & Poor’s Ratings Group, a division of The XxXxxx-Xxxx Companies, Inc. (or any successor to the rating agency business thereof).
Investment Grade Entity means (i) an entity with either (a) a corporate family rating of at least Baa3 from Moody’s (or the then equivalent) or (b) a corporate credit rating of at least BBB- from S&P (or the then equivalent) and (ii) Genuine Parts Company (d/b/a NAPA) or any of its Subsidiaries, until such time as Genuine Parts Company (d/b/a NAPA) is rated by Moody’s or S&P at which time it will be subject to clause (i) of the definition hereof.
Investment Grade Entity means (a) a Person that has any long-term unsecured debt obligations that are rated Qualified Investment Grade or (b) in the case of a Person (i) who does not have long-term unsecured debt obligations, (ii) whose long-term unsecured debt obligations are not rated by S&P, Moody's or an NRSRO or (iii) who is not a U.S. Person, a Person having, in the reasonable judgment of the API Contributor, credit quality comparable to that of a Person described in clause (a) of this definition.
Investment Grade Entity. Any bank which has both (x) a long-term unsecured debt rating of at least “BBB-” or better from S&P (so long as any Outstanding Notes are rated by S&P) and “Baa3” or better from Moody’s (so long as any Outstanding Notes are rated by Moody’s) and (y) a short-term unsecured debt rating of “A-2” or better from S&P (so long as any Outstanding Notes are rated by S&P) and “P-2” or better from Moody’s (so long as any Outstanding Notes are rated by Moody’s).
Investment Grade Entity means an entity (A) which has been assigned a Standard & Poor's Long-Term Corporate Credit Rating of BBB- or better or which has been assigned a Xxxxx'x Investors Service Long Term Corporate Credit Rating of Baa3 or better (it being agreed that "Long-term" means, with respect to any obligation as of a particular date, that such obligation matures not less than ten (10) years from such date), and (B) which is not on Standard & Poor's Credit Watch list or Moody's negative watch list. If either or both Moody's or Standard & Poor's cease issuing such ratings, then a successor rating agency of comparable stature to Moody's or Standard & Poor's shall be substituted in its or their place.
Investment Grade Entity means any partnership, corporation or wholly-owned subsidiary or one hundred percent (100%) owned affiliate thereof having securities rated BBB- or higher by S&P or Baa3 or higher by Moody's or equivalent or higher rating by a nationally recognized rating agency or such other entity reasonably acceptable to the Collateral Agent.