Tier I Account Party definition

Tier I Account Party means an Account Debtor which is (a) of the type listed as a Tier I Account Party on the Credit Limit Annex, or (b) approved by the Agent as a Tier I Account Party.
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Tier I Account Party means an Account Debtor which is approved by all Banks (or, with respect to an Account Debtor of any Account created after the Conversion to Reduced Funding Banks Date, all Approving Banks) as a Tier I Account Party.
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Tier I Account Party means an account debtor (a) that has an Investment Grade Rating, (b) whose obligations with respect to Eligible Accounts owing to a Borrower is guaranteed by a Person with an Investment Grade Rating or supported with Acceptable Credit Support, or (c) that is guaranteed by an LDC or is an LDC, in each case otherwise approved by the Administrative Agent in its reasonable credit discretion.
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More Definitions of Tier I Account Party

Tier I Account Party means (i) any Account Debtor that is rated Investment Grade, provided that the Credit Limit for such Account Debtor shall not exceed $6,000,000 or (ii) any other Account Debtor whose Accounts are supported in whole or in part by Acceptable Investment Grade Credit Enhancement with a Credit Limit approved by the Required Lenders. The Tier I Account Parties and maximum credit limits for such Tier 1 Account Parties as of the Closing Date are as set forth on Schedule A. Schedule A shall be deemed amended without further action immediately upon the Required Lenders’ notice to the Borrower in writing of any revisions thereto.
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Tier I Account Party means (i) any Account Debtor that is rated Investment Grade, provided that the Credit Limit for such Account Debtor shall not
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Related to Tier I Account Party

  • Account Party has the meaning specified therefor in Section 2.11(h) of this Agreement.

  • Eligible borrower means owners or others having an interest in property situated within the downtown area of a participating city, community development corporations associated with a participating city, Iowa main street program organizations associated with a participating city, community-initiated development groups associated with a participating city, or other organization associated with a participating city for purposes of implementing the Iowa main street program.

  • Borrower Account has the meaning specified in Section 2.11(a)(ii).

  • Foreign Subsidiary Borrower means any Eligible Foreign Subsidiary that becomes a Foreign Subsidiary Borrower pursuant to Section 2.23 and that has not ceased to be a Foreign Subsidiary Borrower pursuant to such Section.

  • Eligible Account Any of (i) an account or accounts maintained with a federal or state chartered depository institution or trust company the short-term unsecured debt obligations of which (or, in the case of a depository institution or trust company that is the principal subsidiary of a holding company, the debt obligations of such holding company) have the highest short-term ratings of each Rating Agency at the time any amounts are held on deposit therein, or (ii) an account or accounts in a depository institution or trust company in which such accounts are insured by the FDIC or the SAIF (to the limits established by the FDIC or the SAIF, as applicable) and the uninsured deposits in which accounts are otherwise secured such that, as evidenced by an Opinion of Counsel delivered to the Trustee and to each Rating Agency, the Certificateholders have a claim with respect to the funds in such account or a perfected first priority security interest against any collateral (which shall be limited to Permitted Investments) securing such funds that is superior to claims of any other depositors or creditors of the depository institution or trust company in which such account is maintained, or (iii) a trust account or accounts maintained with (a) the trust department of a federal or state chartered depository institution or (b) a trust company, acting in its fiduciary capacity or (iv) any other account acceptable to each Rating Agency. Eligible Accounts may bear interest, and may include, if otherwise qualified under this definition, accounts maintained with the Trustee.

  • Domestic Lending Office means, with respect to any Lender, the office of such Lender specified as its "Domestic Lending Office" opposite its name on Schedule I hereto or in the Assumption Agreement or the Assignment and Acceptance pursuant to which it became a Lender, or such other office of such Lender as such Lender may from time to time specify to the Borrower and the Agent.

  • Credit Account is modified to read “Grant Account”.

  • Designated Deposit Account is Borrower’s deposit account, account number , maintained with Bank.