Qualified Issuer definition

Qualified Issuer any commercial bank (a) which has capital and surplus in excess of $250,000,000 and (b) the outstanding long-term debt securities of which are rated at least A by S&P or at least A2 by Moody’s, or carry an equivalent rating by a nationally recognized rating agency if both of the rating agencies named herein cease publishing ratings of investments.

Qualified Issuer means an issuer actively engaged in property development as a principal business activity. For determining whether property development is a principal activity of an issuer, consideration will be given to the following factors:

Qualified Issuer means a United States office of a commercial bank or trust company organized under the laws of the United States of America or a political subdivision thereof or a foreign bank with a branch office located in the United States and unaffiliated to Shipper and, in either case, (A) subject to supervision or examination by a federal or state authority of the United States of America, (B) having a Credit Rating of BBB or higher by Standard and Poor’s or Baa or higher by Moody's Investment Services and (C) having a minimum asset base of at least $5,000,000,000.

Examples of Qualified Issuer in a sentence

• If Seller elects to provide a letter of credit, it shall be an irrevocable standby letter of credit, in form and substance acceptable to Purchaser, from a Qualified Issuer.

• If Seller elects to provide a letter of credit, it shall be an irrevocable standby letter of credit, in form and substance acceptable to Company, from a Qualified Issuer.

• If Buyer does not receive a replacement Letter of Credit from a Qualified Issuer within the time specified in either of the two preceding sentences, it may draw on the full available amount of the Letter of Credit.

• From and after the Initial Delivery Date, Seller shall provide Buyer with a Letter of Credit from a Qualified Issuer to be effective no later than the Initial Delivery Date in an amount equal to twelve million dollars ($12,000,000) (the “Services Term Security”).

• The Guarantor may also direct the Qualified Issuer to cease or take specific action until the show cause notice is resolved.

More Definitions of Qualified Issuer

Qualified Issuer means (a) any lender party to the Credit Agreement or (b) any commercial bank (i) which has capital and surplus in excess of $500,000,000 and (ii) the outstanding short-term debt securities of which are rated at least A-2 by Standard & Poor's Rating Group, a division of XxXxxx-Xxxx, Inc. or at least P-2 by Xxxxx'x Investors Service, or carry an equivalent rating by a nationally recognized rating agency if both of the two named rating agencies cease publishing ratings of investments.

Qualified Issuer means any commercial bank that has a combined capital and surplus in excess of $500.0 million.

Qualified Issuer means any commercial bank that has a combined capital and surplus in excess of $500,000,000.

Qualified Issuer means a U.S. commercial bank (or a foreign bank with a U.S. branch) having total assets of at least One Billion Dollars ($1,000,000,000) and a Credit Rating of no less than (as applicable): (a) “A-” from S&P, or (b) “A3” from Xxxxx’x, or (c) if such bank has a Credit Rating at such time from both S&P and Xxxxx’x, “A-” from S&P and “A3” from Xxxxx’x. If such rating is A- or equivalent to A-, such issuer must not be on negative credit watch or have a negative outlook by any rating agency.

Qualified Issuer means any FDIC-insured depository institution that is “well capitalized” as defined in 12 U.S.C. § 1831o (b)(1)(A), is in the business of issuing letters of credit and maintains offices in either or both of New York City, NY and Washington, DC. where presentation and drawings on such letters of credit can be duly made.

Qualified Issuer means a Person (a) acceptable to Buyer or (b) that maintains a United States domestic branch, and a current long-term credit rating (corporate or long-term senior unsecured debt) of (1) “A2” or higher by Xxxxx’x and “A” or higher by S&P, if such Person is rated by both Xxxxx’x and S&P or (2) “A2” or higher by Xxxxx’x, or “A” or higher by S&P if such Person is rated by either S&P or Xxxxx’x.

Qualified Issuer means any bank or trust company authorized to engage in the banking business that is organized under or licensed as a branch or agency under the laws of the United States of America or any state thereof that has an Acceptable Credit Rating.