Examples of Minimum Rating in a sentence
The Companies shall promptly notify the BGS-FP Supplier in the event that the applicable rating of any Company is downgraded below the Minimum Rating.
The BGS-FP Supplier will be entitled to the rights described in this Section 6.8.b only so long as the applicable rating for such Company is below the Minimum Rating.
If at any time during the Delivery Period, the applicable rating of any Company is below the Minimum Rating, as determined in accordance with Section 6.4, (i) the Billing Period applicable to that Company shall be shortened to be each calendar half-month during the Delivery Period; (ii) a Statement will be prepared and sent to the BGS-FP Supplier promptly at each half-month; and (iii) payment will be made on the first Business Day after the ninth (9th) day after the end of each half-month period.
The shortened Billing Period applicable to such Company shall be in effect only for so long as the applicable rating for that Company is below the Minimum Rating.
If at any time during the Term, the applicable rating of a Company is downgraded below the Minimum Rating, at the request of the BGS-FP Supplier, the Company will transfer within two (2) Business Days all cash collateral being held by it pursuant to this Agreement to a Qualified Institution.