Minimum Acceptable Credit Rating definition

Minimum Acceptable Credit Rating means a Credit Rating equal to or better than: (a) “BBB-” by S&P; (b) “BBB-” by Xxxxx’x; and (c) “Baa3” by Fitch.
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Minimum Acceptable Credit Rating means a Credit Rating equal to or better than:
Sample 1
Minimum Acceptable Credit Rating means a Credit Rating equal to or better than (a) “BBB-” by S&P; (b) “BBB-” by Moody’s; and (c) “Baa3” by Fitch.
Sample 1

Examples of Minimum Acceptable Credit Rating in a sentence

  • Notwithstanding the foregoing, Shipper may, upon notice to Hill-Lake but without the need for Hill-Lake’s consent, assign all or part of its right, interest and obligations under this Agreement to any wholly-owned affiliate(s) of Shipper that has a credit rating equal to or higher than Shipper’s but in no event lower than the Minimum Acceptable Credit Rating (or that has been provided a guarantee in Hill-Lake’s favor from an affiliated entity with such a rating).

  • Notwithstanding the foregoing, Shipper may, upon notice to Worsham-Steed but without the need for Worsham- Steed’s consent, assign all or part of its right, interest and obligations under this Agreement to any wholly-owned affiliate(s) of Shipper that has a credit rating equal to or higher than Shipper’s but in no event lower than the Minimum Acceptable Credit Rating (or that has been provided a guarantee in Worsham-Steed’s favor from an affiliated entity with such a rating).


More Definitions of Minimum Acceptable Credit Rating

Minimum Acceptable Credit Rating means a Credit Rating equal to or better than: (a) "BBB-" by S&P; and (b) " Baa3" by Moody's.
Sample 1
Minimum Acceptable Credit Rating means a rating of A or higher from Fitch and S&P, and a rating of A-2 or higher from Moody’s. “Minimum Installed Capacity” means the installed capacity in MWp for each Project specified in Schedule F.
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Minimum Acceptable Credit Rating means a rating of A or higher from Fitch and S&P, and a rating of A-2 or higher from Xxxxx’x.
Sample 1

Related to Minimum Acceptable Credit Rating

  • Acceptable Credit Rating means a minimum long term credit rating of either BBB from Standard & Poors or Baa2 from Xxxxx’x; Access Undertaking means:

  • Credit Rating means, with respect to any entity, the rating then assigned to such entity’s unsecured, senior long-term debt obligations (not supported by third party credit enhancements) or if such entity does not have a rating for its senior unsecured long-term debt, then the rating then assigned to such entity as an issuer rating by S&P, Moody’s or any other rating agency agreed by the Parties as set forth in the Cover Sheet.

  • Applicable Rating Level at any time and for any Borrower shall be determined in accordance with the then-applicable S&P Rating and the then-applicable Xxxxx’x Rating for such Borrower as follows: S&P Rating A or higher or Xxxxx’x Rating A2 or higher 1 S&P Rating A- or higher or Xxxxx’x Rating A3 or higher 2 S&P Rating BBB+ or Xxxxx’x Rating Baa1 3 S&P Rating BBB or Xxxxx’x Rating Baa2 4 S&P Rating BBB- or Xxxxx’x Rating Baa3 5 S&P Rating BB+ or below or Xxxxx’x Rating Ba1 or below, or no S&P Rating or Xxxxx’x Rating 6 The Applicable Rating Level for any Borrower and for any day shall be determined based upon the higher of the S&P Rating and the Xxxxx’x Rating for such Borrower in effect on such day. If the S&P Rating and the Xxxxx’x Rating are not the same (i.e., a “split rating”), the higher of such ratings shall control, unless (i) the ratings differ by more than one level, in which case the rating one level below the higher of the two ratings shall control, or (ii) either rating is below BBB- or Baa3 (as applicable), in which case the lower of the two ratings shall control.