Minimum Credit Rating Requirement definition

Minimum Credit Rating Requirement means an issuer rating of at least A/A2/A (S&P/Moody's/Fitch) from each of the Rating Agencies.
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Minimum Credit Rating Requirement means the state general bond obligation rating of at least AA from Standard and Poor’s Rating Group, Aa2 from Moody’s, and AA from Fitch Ratings, or such other general bond obligation rating satisfactory to the Administrative Agent in its sole discretion.
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Minimum Credit Rating Requirement means (i) in the case of Illinois Governmental Payments the state general bond obligation rating of at least BBB- from Standard and Poor’s Rating Group, BBB- from Fitch Ratings or Baa3 from Moody’s, (ii) in the case of any other Direct Payment Obligor, the state general bond obligation rating or equivalent long term issuer credit rating of at least A- from Standard and Poor’s Rating Group, A- from Fitch Ratings or A3 from Moody’s or (iii) such other general bond obligation rating satisfactory to the Administrative Agent in its sole discretion.
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Examples of Minimum Credit Rating Requirement in a sentence

  • Notwithstanding the foregoing, on the condition the Minimum Credit Rating Requirement (as defined in the Leases) is satisfied, the insurance coverage maintained by the Tenant under the Leases shall satisfy the conditions of Section 8.16(a).


More Definitions of Minimum Credit Rating Requirement

Minimum Credit Rating Requirement means (i) in the case of Illinois Governmental Payments the state general bond obligation rating of at least BBB- from Standard and Poor’s Rating Group, BBB- from Fitch Ratings or Baa3 from Moody’s, (ii) in the case of any other Direct Payment Obligor, the state general bond obligation rating or equivalent long term issuer credit rating of at least A- from Standard and Poor’s Rating Group, A- from Fitch Ratings or A3 from Moody’s or (iii) such other general bond obligation rating satisfactory to the Administrative Agent in its sole discretion. “Minimum Discount Rate” means, as of any date of determination, the discount rate used to determine “Aggregate Discount Solar Asset Balance” in the most recent ABS transaction sponsored by the Borrower (as set forth in presale report prepared by the rating agency rating the securities issued in such ABS Transaction or in the final offering materials for such ABS transaction, a copy of the relevant portions of either of which has been provided to the Administrative Agent); provided, that (a) if no such ABS transaction has occurred within the 6- month period immediately preceding such date of determination, the Minimum Discount Rate shall, until the next such ABS transaction occurs, be deemed to be the blended weighted average cost of capital for the Borrower and is consolidated subsidiaries in respect of debt and project-level equity issuances (excluding, for the avoidance of doubt, equity issued pursuant to Tax Equity Commitments) occurring during the two most recently ended calendar quarters as reasonably demonstrated to the Administrative Agent and (b) in no event shall the Minimum Discount Rate be less than six percent (6%). “Moody’s” means Xxxxx’x Investors Service, Inc. and any successor thereto.
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Related to Minimum Credit Rating Requirement

  • 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 Credit Rating For any long-term deposit or security, a credit rating of AAA in the case of S&P or Aaa in the case of Moody's. For any shxxx-xxxm deposit or security, or a rating of A-l+ in the case of S&P or P-1 in the case of Moody's.

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

  • 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.

  • Minimum Capital Requirement means the Minimum Capital Requirement, the minimum group Solvency Capital Requirement or other minimum capital requirements (as applicable) referred to in the Relevant Rules;

  • Credit Rating Agency means a nationally recognized credit rating agency that evaluates the financial condition of issuers of debt instruments and then assigns a rating that reflects its assessment of the issuer’s ability to make debt payments.

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

  • Minimum Liquidity Amount shall have the meaning assigned to such term in the Pricing Side Letter.

  • Borrowing Base Utilization Percentage means, as of any day, the fraction expressed as a percentage, the numerator of which is the sum of the Revolving Credit Exposures of the Lenders on such day, and the denominator of which is the Borrowing Base in effect on such day.