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
During the third quarter of 2021, the Company and an Investment Grade Entity (IGE) agreed to a new long-term AMA related to the Company’s MVP FT.
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 (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 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 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 an entity having a Credit Rating of BBB- or above from S&P and Baa3 or above from Xxxxx'x.
Investment Grade Entity means any Person with outstanding indebtedness which, as of any date of determination, is rated (a) Baa3 or higher according to Xxxxx’x Investors Service and (b) BBB minus or higher according to Standard & Poor’s Corporation; provided, in either case, that if the Person’s indebtedness is rated Baa3 or BBB minus, such Person is not on credit/negative watch by the applicable agency.
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.
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).