Examples of S&P in a sentence
Use commercially reasonable efforts to obtain and maintain Long Term Debt Ratings with S&P, Moody’s and Xxxxx.
Credit Limit to be calculated as the lesser of the % of TNW and credit limit cap below S&P Xxxxx’x Xxxxx A.M. Best % Credit Limit Cap A- and above A3 and above A- and above aaa 16% of TNW $60,000,000 BBB+ Baa1 BBB+ aa 10% of TNW $40,000,000 BBB Baa2 BBB a 8% of TNW $30,000,000 BBB- Baa3 BBB- bbb 6% of TNW $15,000,000 Below BBB- Below Baa3 Below BBB- Below bbb 0% of TNW 0 where TNW is the Tangible Net Worth.
Use commercially reasonable efforts to maintain a senior unsecured non-credit enhanced debt rating from each of S&P and Moody’s.
The Escrow Account shall be held in a Qualified Settlement Fund (defined below) in interest-bearing bank accounts with commercial banks with excess capital exceeding One Billion United States Dollars and Zero Cents ($1,000,000,000.00), with a rating of “A” or higher by S&P and in accounts that are fully insured by the United States Government or the FDIC.
Holdings will use commercially reasonable efforts to obtain and maintain (but not maintain any specific rating) a corporate family and/or corporate credit rating, as applicable, and ratings in respect of the credit facilities provided pursuant to this Agreement, in each case, from each of S&P and Xxxxx’x.