Investment Grade Account Debtor means an Account Debtor that, at the time of determination, has a corporate credit rating and/or family rating, as applicable, of BBB- or higher by S&P or Baa3 or higher by Moody’s.
Investment Grade Account Debtor means an Account Debtor with a long term issuer rating of no less than Baa3 from Xxxxx’x or BBB- from S&P.
Investment Grade Account Debtor means an Account Debtor that is organized in the United States that has, or is a subsidiary organized in the United States of a Person organized in the United States that has, a corporate credit rating or corporate family rating of BBB- or higher by S&P or Baa3 or higher by Moody’s.
Examples of Investment Grade Account Debtor in a sentence
Eligible Accounts for which the applicable Account Debtor is an Investment Grade Account Debtor.
More Definitions of Investment Grade Account Debtor
Investment Grade Account Debtor means, at any time, any Account Debtor, whose securities are rated BBB- or better by S&P or Baa3 or better by Moody’s at such time, including, without limitation, Xxxxx Xxxxxx Company, Halliburton Energy Services, Inc., and Schlumberger Limited, whose securities are rated BBB- or better by S&P or Baa3 or better by Moody’s at such time.
Investment Grade Account Debtor means, any account debtor whose securities are rated BBB- (or then equivalent grade) or higher by S&P or Baa3 (or then equivalent grade) or higher by Moody’s, or whose credit rating or credit quality has the characteristics of an Investment Grade Account Debtor as determined by Administrative Agent in its sole discretion.
Investment Grade Account Debtor. Any Account Debtor with a credit rating of BBB- or better issued by Standard & Poor’s Rating Services or Baa3 or better issued by Xxxxx’x Investor Service, or in each case, the equivalent thereof as determined by Agent in its Permitted Discretion.
Investment Grade Account Debtor means, any account debtor whose securities are rated BBB- (or then equivalent grade) or higher by S&P or Baa3 (or then equivalent grade) or higher by Xxxxx’x, or whose credit rating or credit quality has the characteristics of an Investment Grade Account Debtor as determined by Lender in its sole discretion.
Investment Grade Account Debtor has the meaning specified in the definition of “Eligible Account”.
Investment Grade Account Debtor means an Account Debtor with a corporate credit rating equal to or better than any one of the following minimum ratings: (a) BBB-, by Standard & Poors, (b) BBB-, by Duff & Phelxx, xx (c) Baa3, by Moodx'x Xxxestors Service.
Investment Grade Account Debtor means, as of any date of determination, (a) any Walmart Account Debtor, (b) any other Account Debtor that, as of such date, has a corporate family rating equal to or higher than Baa3 (or the equivalent) from Moody’s or has a corporate credit rating equal to or higher than BBB- (or the equivalent) from S&P, or (c) any other Account Debtor that is not rated by Moody’s or S&P but for purposes of this Agreement has otherwise been designated in writing as “investment grade” by the Administrative Agent in its Permitted Discretion.