Examples of Required Credit Rating in a sentence
The Issuer may enter into a Derivative Contract(s) with Derivative Counterparty(ies) with the Required Credit Rating in order to manage the Issuer's interest rate risks.
If the Account Bank ceases to have the Required Credit Rating, then the Issuer shall, in consultation with the Security SPV, appoint a successor Account Bank with the Required Credit Rating.
Where the tenderer does not hold the Required Credit Rating, provide credit cover in the form of a letter of credit or parent company guarantee in order to secure payment to National Grid for any retained Gas-In-Storage.
The Administrator may, on behalf of the Issuer, invest cash from time to time standing to the credit of the Issuer's Bank Accounts in Permitted Investments; provided that for so long as the GIC Provider has the Required Credit Rating, all cash standing from time to time to the credit of the Issuer's Bank Accounts may be invested with the GIC Provider.
In the event that the Account Bank ceases to hold the Required Credit Rating, a replacement Account Bank will be appointed in accordance with the provisions of the Account Bank Agreement.