Investment Grade Person definition

Investment Grade Person means a Person that has issued unsecured senior debt that has at least two of the following ratings on the date the transaction constituting a Change in Control is consummated:

Investment Grade Person means (a) a Person that has a long term issuer corporate credit rating or long-term unsecured debt rating of “BBB-” or higher from Standard & Poor’s or Fitch, or “Baa3” or higher from Xxxxx’x Investor Service Inc., or (b) an Affiliate of such Person whose obligations under this Lease are guaranteed by such Person.

Investment Grade Person means, with respect to any Equity Interests of the Parent, a Person that has, at the time it acquires such Equity Interests or the power to vote or direct the voting of such Equity Interests, issued unsecured senior debt (that is not guaranteed or supported by third-party credit enhancement) that has (a) a rating from S&P of A or above and (b) a rating from Moody’s of A2 or above.

Examples of Investment Grade Person in a sentence

• Notwithstanding anything to the contrary in this Lease, for so long as (a) an Ultra Entity Person, or (b) an Investment Grade Person is the Lessee under this Lease, then in any such case all insurance policies may have such deductibles and self-insured retention amounts as Lessee deems reasonable.

• During any part of the Term, for so long as an Ultra Entity Person or another Investment Grade Person is the Lessee under this Lease, Lessee may self-insure for some or all insurance obligations contained hereunder.

• More than 50% of the aggregate Allowed Value of the Properties and Mortgage Interests shall be attributable to Properties and Mortgage Interests having the same Investment Grade Person (or any of that Person's Affiliates; provided that for the purposes of this Section 7.1(l), so long as there is no material change in their practices and procedures in place at the Effective Date to provide for arm's-length dealings, Marriott International, Inc.

• Agent shall have received evidence that Borrower is an Investment Grade Person.

More Definitions of Investment Grade Person

Investment Grade Person means any Person the senior unsecured long-term Dollar-denominated debt of which is rated at least BBB- (stable) by S&P and at least Baa3 (stable) by Moody’s immediately following the occurrence of any circumstance that would have been a Change of Control Event had such Person not been an Investment Grade Person.

Investment Grade Person means a Person that has issued unsecured senior debt that has at least two of the following ratings on the date the transaction constituting a Change of Control is consummated:

Investment Grade Person means, in respect of a Person, that such Person's non-credit enhanced long-term issuer rating is rated by:

Investment Grade Person means a corporation, partnership, limited liability company or limited liability partnership (i) whose outstanding unsecured debt securities are assigned ratings by both Rating Agencies equal to or higher than "A", or the equivalents thereof, (ii) with a total market capitalization at such time of at least $10 billion and (iii) that is primarily engaged in a Telecommunications Business.

Investment Grade Person means, with respect to any Equity Interests of the Borrower, a Person that has, at the time it acquires such Equity Interests or the power to vote or direct the voting of such Equity Interests, issued unsecured senior debt (that is not guaranteed or supported by third-party credit enhancement) that has (a) a rating from S&P of A or above and (b) a rating from Moody’s of A2 or above.

Investment Grade Person means a Person that has senior unsecured long-term indebtedness which is rated Investment Grade.

Investment Grade Person means a Person organized under the laws of the United States of America or a state thereof who has