Common use of Annual Rating Review Clause in Contracts

Annual Rating Review. (a) So long as any of the Secured Notes of any Class remains Outstanding, on or before March 26th in each year commencing in 2021, the Issuer shall obtain and pay for an annual review of the rating of each such Class of Secured Notes from the Rating Agency, as applicable. The Issuer shall promptly notify the Trustee and the Collateral Manager in writing (and the Trustee shall promptly provide the Holders with a copy of such notice) if at any time the Issuer is notified or has actual knowledge that the then-current rating of any such Class of Secured Notes has been, or is known will be, changed or withdrawn. (b) The Issuer shall obtain and pay for an annual review by S&P of any Collateral Obligation which has an S&P Rating determined pursuant to clause (iii)(b) of the definition of “S&P Rating”.

Appears in 3 contracts

Samples: Supplemental Indenture (Blue Owl Capital Corp), Supplemental Indenture (Blue Owl Capital Corp), Indenture and Security Agreement (Owl Rock Capital Corp)

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Annual Rating Review. (a) So long as any of the Secured Notes Debt of any Class remains Outstanding, on or before March 26th May 28th in each year commencing in 20212020, the Issuer shall obtain and pay for an annual review of the rating of each such Class of Secured Notes Debt from the Rating Agency, as applicable. The Issuer shall promptly notify the Collateral Trustee and the Collateral Manager in writing (and the Collateral Trustee shall promptly provide the Holders with a copy of such notice) if at any time the Issuer is notified or has actual knowledge that the then-current rating of any such Class of Secured Notes Debt has been, or is known will be, changed or withdrawn. (b) The Issuer shall obtain and pay for an annual review by S&P of any Collateral Obligation which has an S&P Rating determined pursuant to clause (iii)(b) of the definition of “S&P Rating”.

Appears in 2 contracts

Samples: Supplemental Indenture (Owl Rock Capital Corp), Indenture and Security Agreement (Owl Rock Capital Corp)

Annual Rating Review. (a) So long as any of the Secured Notes of any Class remains Outstanding, on or before March 26th May 5th in each year commencing in 20212022, the Issuer shall obtain and pay for an annual review of the rating of each such Class of Secured Notes from the Rating Agency, as applicable. The Issuer shall promptly notify the Trustee and the Collateral Manager in writing (and the Trustee shall promptly provide the Holders with a copy of such notice) if at any time the Issuer is notified or has actual knowledge that the then-current rating of any such Class of Secured Notes has been, or is known will be, changed or withdrawn. (b) The Issuer shall obtain and pay for an annual review by S&P of any Collateral Obligation which has an S&P Rating determined pursuant to clause (iii)(b) of the definition of “S&P Rating”.

Appears in 2 contracts

Samples: Supplemental Indenture (Blue Owl Capital Corp), Indenture and Security Agreement (Owl Rock Capital Corp)

Annual Rating Review. (a) So long as any of the Secured Notes of any Class remains Outstanding, on or before March 26th December 16th in each year commencing in 2021, the Issuer shall obtain and pay for an annual review of the rating of each such Class of Secured Notes from the Rating Agency, as applicable. The Issuer shall promptly notify the Trustee and the Collateral Manager in writing (and the Trustee shall promptly provide the Holders with a copy of such notice) if at any time the Issuer is notified or has actual knowledge that the then-current rating of any such Class of Secured Notes has been, or is known will be, changed or withdrawn. (b) The Issuer shall obtain and pay for an annual review by S&P of any Collateral Obligation which has an S&P Rating determined pursuant to clause (iii)(b) of the definition of “S&P Rating”.

Appears in 2 contracts

Samples: Supplemental Indenture (Blue Owl Technology Finance Corp.), Indenture and Security Agreement (Owl Rock Technology Finance Corp.)

Annual Rating Review. (a) So long as any of the Secured Notes of any Class remains Outstanding, on or before March 26th December 12th in each year commencing in 20212020, the Issuer shall obtain and pay for an annual review of the rating of each such Class of Secured Notes from the Rating Agency, as applicable. The Issuer shall promptly notify the Trustee and the Collateral Manager in writing (and the Trustee shall promptly provide the Holders with a copy of such notice) if at any time the Issuer is notified or has actual knowledge that the then-current rating of any such Class of Secured Notes has been, or is known will be, changed or withdrawn. (b) The Issuer shall obtain and pay for an annual review by S&P of any Collateral Obligation which has an S&P Rating determined pursuant to clause (iii)(b) of the definition of “S&P Rating”.

Appears in 2 contracts

Samples: Second Supplemental Indenture (Blue Owl Capital Corp), Indenture and Security Agreement (Owl Rock Capital Corp)

Annual Rating Review. (a) So long as any of the Secured Notes of any Class remains Outstanding, on or before March 26th May 28th in each year commencing in 2021, the Issuer shall obtain and pay for an annual review of the rating of each such Class of Secured Notes from the Rating Agency, as applicable. The Issuer shall promptly notify the Trustee and the Collateral Manager in writing (and the Trustee shall promptly provide the Holders with a copy of such notice) if at any time the Issuer is notified or has actual knowledge that the then-current rating of any such Class of Secured Notes has been, or is known will be, changed or withdrawn. (b) The Issuer shall obtain and pay for an annual review by S&P of any Collateral Obligation which has an S&P Rating determined pursuant to clause (iii)(b) of the definition of “S&P Rating”.

Appears in 2 contracts

Samples: Indenture and Security Agreement (Owl Rock Capital Corp), Indenture and Security Agreement (Owl Rock Capital Corp)

Annual Rating Review. (a) So long as any of the Secured Notes Debt of any Class remains Outstanding, on or before March 26th May 24 in each year commencing in 20212024, the Issuer shall obtain and pay for an annual review of the rating of each such Class of Secured Notes Debt from the Rating Agency, as applicable. The Issuer shall promptly notify the Collateral Trustee and the Collateral Manager in writing (and the Collateral Trustee shall promptly provide the Holders with a copy of such notice) if at any time the Issuer is notified or has actual knowledge that the then-current rating of any such Class of Secured Notes Debt has been, or is known will be, changed or withdrawn. (b) The Issuer shall obtain and pay for an annual review by S&P of any Collateral Obligation which has an S&P Rating determined pursuant to clause (iii)(b) of the definition of “S&P Rating”.

Appears in 1 contract

Samples: Indenture and Security Agreement (Owl Rock Core Income Corp.)

Annual Rating Review. (a) So long as any of the Secured Notes of any Class remains Outstanding, on or before March 26th November 20th in each year commencing in 2021, the Issuer shall obtain and pay for an annual review of the rating of each such Class of Secured Notes from the Rating AgencyAgencies, as applicable. The Issuer shall promptly notify the Trustee and the Collateral Manager in writing (and the Trustee shall promptly provide the Holders with a copy of such notice) if at any time the Issuer is notified or has actual knowledge that the then-current rating of any such Class of Secured Notes has been, or is known will be, changed or withdrawn. (b) The Issuer shall obtain and pay for an annual review (i) by S&P of any Collateral Obligation which has an S&P Rating determined pursuant to clause (iii)(b) of the definition of "S&P Rating" and (ii) so long as any Class A-1 Notes are Outstanding, any middle market loan that has a Fitch Rating determined pursuant to clause (e) under the heading "Fitch Rating" in Schedule 6.

Appears in 1 contract

Samples: Indenture and Security Agreement (Owl Rock Capital Corp)

Annual Rating Review. (a) So long as any of the Secured Notes of any Class remains Outstanding, on or before March 26th July 9th in each year commencing in 20212022, the Issuer shall obtain and pay for an annual review of the rating of each such Class of Secured Notes from the Rating Agency, as applicable. The Issuer shall promptly notify the Trustee and the Collateral Manager in writing (and the Trustee shall promptly provide the Holders with a copy of such notice) if at any time the Issuer is notified or has actual knowledge that the then-current rating of any such Class of Secured Notes has been, or is known will be, changed or withdrawn. (b) The Issuer shall obtain and pay for an annual review by S&P of any Collateral Obligation which has an S&P Rating determined pursuant to clause (iii)(b) of the definition of “S&P Rating”.

Appears in 1 contract

Samples: Second Supplemental Indenture (Blue Owl Capital Corp)

Annual Rating Review. (a) So long as any of the Secured Notes Debt of any Class remains Outstanding, on or before March 26th December 13th in each year commencing in 20212024, the Issuer shall obtain and pay for an annual review of the rating of each such Class of Secured Notes Debt from the Rating Agency, as applicable. The Issuer shall promptly notify the Collateral Trustee and the Collateral Manager in writing (and the Collateral Trustee shall promptly provide the Holders with a copy of such notice) if at any time the Issuer is notified or has actual knowledge that the then-current rating of any such Class of Secured Notes Debt has been, or is known will be, changed or withdrawn. (b) The Issuer shall obtain and pay for an annual review by S&P of any Collateral Obligation which has an S&P Rating determined pursuant to clause (iii)(b) of the definition of “S&P Rating”.

Appears in 1 contract

Samples: Indenture and Security Agreement (Blue Owl Technology Finance Corp. II)

Annual Rating Review. (a) So long as any of the Secured Notes Debt of any Class remains remain Outstanding, on or before March 26th in each year commencing in 2021January 20, 2025, the Issuer shall obtain request and pay for an annual review of the rating of each such Class of Secured Notes Debt from the Rating Agency, as applicable. S&P. The Issuer shall promptly notify the Trustee Trustee, the Loan Agents and the Collateral Manager in writing (and the Trustee and the Loan Agents shall each promptly provide the applicable Holders with a copy of such notice) if at any time the Issuer is notified or has actual knowledge that the then-current rating of any such Class of Secured Notes Debt has been, or is known will be, changed or withdrawn. (b) The Issuer shall obtain request and pay for an annual review by S&P of (i) any Collateral Obligation which that has an S&P Rating or an S&P Rating determined pursuant to clause (iii)(bc)(ii) of the definition of “S&P Rating” and (ii) any DIP Collateral Obligation.

Appears in 1 contract

Samples: Indenture and Security Agreement (Nuveen Churchill Direct Lending Corp.)

Annual Rating Review. (a) So long as any of the Secured Notes of any Class remains Outstanding, on or before March 26th January 30th in each year commencing in 20212025, the Issuer shall obtain and pay for an annual review of the rating of each such Class of Secured Notes from the Rating Agency, as applicable. The Issuer shall promptly notify the Trustee and the Collateral Manager in writing (and the Trustee shall promptly provide the Holders with a copy of such notice) if at any time the Issuer is notified or has actual knowledge that the then-current rating of any such Class of Secured Notes has been, or is known will be, changed or withdrawn. (b) The Issuer shall obtain and pay for an annual review by S&P of any Collateral Obligation which has an S&P Rating determined pursuant to clause (iii)(b) of the definition of “S&P Rating”.

Appears in 1 contract

Samples: Indenture and Security Agreement (Blue Owl Credit Income Corp.)

Annual Rating Review. (a) So long as any of the Secured Notes of any Class remains Outstanding, on or before March 26th July 18th in each year commencing in 20212025, the Issuer shall obtain and pay for an annual review of the rating of each such Class of Secured Notes from the Rating AgencyAgencies, as applicable. The Issuer shall promptly notify the Trustee and the Collateral Manager in writing (and the Trustee shall promptly provide the Holders with a copy of such notice) if at any time the Issuer is notified or has actual knowledge that the then-current rating of any such Class of Secured Notes has been, or is known will be, changed or withdrawn. (b) The Issuer shall obtain and pay for an annual review (i) by S&P of any Collateral Obligation which has an S&P Rating determined pursuant to clause (iii)(b) of the definition of “S&P Rating” and (ii) so long as any Class A-1 Notes are Outstanding, any middle market loan that has a Fitch Rating determined pursuant to clause (8) under the heading “Fitch Rating” in Schedule 6.

Appears in 1 contract

Samples: Indenture (Blue Owl Credit Income Corp.)

Annual Rating Review. (a) So long as any of the Secured Notes of any Class remains Outstanding, on or before March 26th December 16thAugust 23rd in each year commencing in 202120212024, the Issuer shall obtain and pay for an annual review of the rating of each such Class of Secured Notes from the Rating Agency, as applicable. The Issuer shall promptly notify the Trustee and the Collateral Manager in writing (and the Trustee shall promptly provide the Holders with a copy of such notice) if at any time the Issuer is notified or has actual knowledge that the then-current rating of any such Class of Secured Notes has been, or is known will be, changed or withdrawn. (b) The Issuer shall obtain and pay for an annual review by S&P of any Collateral Obligation which has an S&P Rating determined pursuant to clause (iii)(b) of the definition of “S&P Rating”.

Appears in 1 contract

Samples: Supplemental Indenture (Blue Owl Technology Finance Corp.)

Annual Rating Review. (a) So long as any of the Secured Notes Debt of any Class remains Outstanding, on or before March 26th July 18th in each year commencing in 20212024, the Issuer shall obtain and pay for an annual review of the rating of each such Class of Secured Notes Debt from the Rating Agency, as applicable. The Issuer shall promptly notify the Collateral Trustee and the Collateral Manager in writing (and the Collateral Trustee shall promptly provide the Holders with a copy of such notice) if at any time the Issuer is notified or has actual knowledge that the then-current rating of any such Class of Secured Notes Debt has been, or is known will be, changed or withdrawn. (b) The Issuer shall obtain and pay for an annual review by S&P of any Collateral Obligation which has an S&P Rating determined pursuant to clause (iii)(b) of the definition of “S&P Rating”.

Appears in 1 contract

Samples: Indenture and Security Agreement (Blue Owl Credit Income Corp.)

Annual Rating Review. (a) So long as any of the Secured Notes of any Class remains Outstanding, on or before March 26th July 9th in each year commencing in 20212022, the Issuer shall obtain and pay for an annual review of the rating of each such Class of Secured Notes from the Rating Agency, as applicable. The Issuer shall promptly notify the Trustee and the Collateral Manager in writing (and the Trustee shall promptly provide the Holders with a copy of such notice) if at any time the Issuer is notified or has actual knowledge that the then-current rating of any such Class of Secured Notes has been, or is known will be, changed or withdrawn. (b) The Issuer shall obtain and pay for an annual review by S&P of any Collateral Obligation which has an S&P Rating determined pursuant to clause (iii)(b) of the definition of "S&P Rating".

Appears in 1 contract

Samples: Supplemental Indenture (Owl Rock Capital Corp)

Annual Rating Review. (a) So long as any of the Secured Notes of any Class remains Outstanding, on or before March 26th 7th in each year commencing in 20212025, the Issuer shall obtain and pay for an annual review of the rating of each such Class of Secured Notes from the Rating Agency, as applicable. The Issuer shall promptly notify the Trustee and the Collateral Manager in writing (and the Trustee shall promptly provide the Holders with a copy of such notice) if at any time the Issuer is notified or has actual knowledge that the then-current rating of any such Class of Secured Notes has been, or is known will be, changed or withdrawn. (b) The Issuer shall obtain and pay for an annual review by S&P of any Collateral Obligation which has an S&P Rating determined pursuant to clause (iii)(b) of the definition of “S&P Rating”.

Appears in 1 contract

Samples: Indenture (Blue Owl Credit Income Corp.)

Annual Rating Review. (a) So long as any of the Secured Notes of any Class remains Outstanding, on or before March 26th November 15th in each year commencing in 20212024, the Issuer shall obtain and pay for an annual review of the rating of each such Class of Secured Notes from the Rating Agency, as applicable. The Issuer shall promptly notify the Trustee and the Collateral Manager in writing (and the Trustee shall promptly provide the Holders with a copy of such notice) if at any time the Issuer is notified or has actual knowledge that the then-current rating of any such Class of Secured Notes has been, or is known will be, changed or withdrawn. (b) The Issuer shall obtain and pay for an annual review by S&P of any Collateral Obligation which has an S&P Rating determined pursuant to clause (iii)(b) of the definition of "S&P Rating".

Appears in 1 contract

Samples: Indenture (MSD Investment Corp.)

Annual Rating Review. (a) So long as any of the Secured Notes of any Class remains Outstanding, on or before March 26th May 22nd in each year commencing in 20212025, the Issuer shall obtain and pay for an annual review of the rating of each such Class of Secured Notes from the Rating Agency, as applicable. The Issuer shall promptly notify the Trustee and the Collateral Manager in writing (and the Trustee shall promptly provide the Holders with a copy of such notice) if at any time the Issuer is notified or has actual knowledge that the then-current rating of any such Class of Secured Notes has been, or is known will be, changed or withdrawn. (b) The Issuer shall obtain and pay for an annual review by S&P of any Collateral Obligation which has an S&P Rating determined pursuant to clause (iii)(b) of the definition of “S&P Rating”.

Appears in 1 contract

Samples: Indenture and Security Agreement (Blue Owl Technology Income Corp.)

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Annual Rating Review. (a) So long as any of the Secured Notes Debt of any Class remains Outstanding, on or before March 26th July 12 in each year commencing in 20212025, the Issuer shall obtain and pay for an annual review of the rating of each such Class of Secured Notes Debt from the Rating Agency, as applicable. The Issuer shall promptly notify the Collateral Trustee and the Collateral Manager in writing (and the Collateral Trustee shall promptly provide the Holders with a copy of such notice) if at any time the Issuer is notified or has actual knowledge that the then-current rating of any such Class of Secured Notes Debt has been, or is known will be, changed or withdrawn. (b) The Issuer shall obtain and pay for an annual review by S&P of any Collateral Obligation which has an S&P Rating determined pursuant to clause (iii)(b) of the definition of “S&P Rating”.

Appears in 1 contract

Samples: Indenture and Security Agreement (Blue Owl Credit Income Corp.)

Annual Rating Review. (a) So long as any of the Secured Notes Debt of any Class remains Outstanding, on or before March 26th October 21st in each year commencing in 20212023, the Issuer shall obtain and pay for an annual review of the rating of each such Class of Secured Notes Debt from the Rating Agency, as applicable. The Issuer shall promptly notify the Collateral Trustee and the Collateral Manager in writing (and the Collateral Trustee shall promptly provide the Holders with a copy of such notice) if at any time the Issuer is notified or has actual knowledge that the then-current rating of any such Class of Secured Notes Debt has been, or is known will be, changed or withdrawn. (b) The Issuer shall obtain and pay for an annual review by S&P of any Collateral Obligation which has an S&P Rating determined pursuant to clause (iii)(b) of the definition of “S&P Rating”.

Appears in 1 contract

Samples: Indenture and Security Agreement (Owl Rock Core Income Corp.)

Annual Rating Review. (a) So long as any of the Secured Notes of any Class remains Outstanding, on or before March 26th September 12th in each year commencing in 20212024, the Issuer shall obtain and pay for an annual review of the rating of each such Class of Secured Notes from the Rating Agency, as applicable. The Issuer shall promptly notify the Trustee and the Collateral Manager in writing (and the Trustee shall promptly provide the Holders with a copy of such notice) if at any time the Issuer is notified or has actual knowledge that the then-current rating of any such Class of Secured Notes has been, or is known will be, changed or withdrawn. (b) The Issuer shall obtain and pay for an annual review by S&P of any Collateral Obligation which has an S&P Rating determined pursuant to clause (iii)(b) of the definition of “S&P Rating”.

Appears in 1 contract

Samples: Indenture and Security Agreement (Blue Owl Capital Corp II)

Annual Rating Review. (a) So long as any of the Secured Notes of any Class remains remain Outstanding, on or before March 26th January 24 in each year commencing in 20212024, the Issuer Applicable Issuers shall obtain and pay for an annual review of the rating of each such Class of Secured Notes from the Rating AgencyAgency so long as it is rating such Class, as applicable. The Issuer Applicable Issuers shall promptly notify the Trustee and the Collateral Manager in writing (and the Trustee shall promptly provide the Holders with a copy of such notice) if at any time the Issuer is notified or has actual knowledge that the then-current rating of any such Class of Secured Notes has been, or is known will be, changed or withdrawn. (b) The Issuer and/or the applicable Issuer Subsidiaries shall obtain and pay for an annual review by S&P of any Collateral Obligation which has an S&P Rating determined pursuant to derived as set forth in clause (iii)(b) of the part of the definition of the term “S&P Rating”.

Appears in 1 contract

Samples: Indenture (AB Private Credit Investors Corp)

Annual Rating Review. (a) So long as any of the Secured Notes Debt of any Class remains Outstanding, on or before March 26th November 21st in each year commencing in 20212024, the Issuer shall obtain and pay for an annual review of the rating of each such Class of Secured Notes Debt from the Rating Agency, as applicable. The Issuer shall promptly notify the Trustee and the Collateral Manager in writing (and the Trustee shall promptly provide the Holders with a copy of such notice) if at any time the Issuer is notified or has actual knowledge that the then-current rating of any such Class of Secured Notes Debt has been, or is known will be, changed or withdrawn. (b) The Issuer shall obtain and pay for an annual review by S&P of any Collateral Obligation which has an S&P Rating determined pursuant to clause (iii)(b) of the definition of “S&P Rating”.

Appears in 1 contract

Samples: Indenture and Security Agreement (Blue Owl Capital Corp III)

Annual Rating Review. (a) So long as any of the Secured Notes of any Class remains Outstanding, on or before March 26th 9th in each year commencing in 20212024, the Issuer shall obtain and pay for an annual review of the rating of each such Class of Secured Notes from the Rating Agency, as applicable. The Issuer shall promptly notify the Trustee and the Collateral Manager in writing (and the Trustee shall promptly provide the Holders with a copy of such notice) if at any time the Issuer is notified or has actual knowledge that the then-current rating of any such Class of Secured Notes has been, or is known will be, changed or withdrawn. (b) The Issuer shall obtain and pay for an annual review by S&P of any Collateral Obligation which has an S&P Rating determined pursuant to clause (iii)(b) of the definition of “S&P Rating”.

Appears in 1 contract

Samples: Indenture (Owl Rock Capital Corp)

Annual Rating Review. (a) So long as any of the Secured Notes Debt of any Class remains Outstanding, on or before March July 26th in each year commencing in 20212023, the Issuer shall obtain and pay for an annual review of the rating of each such Class of Secured Notes Debt from the Rating Agency, as applicable. The Issuer shall promptly notify the Collateral Trustee and the Collateral Manager in writing (and the Collateral Trustee shall promptly provide the Holders with a copy of such notice) if at any time the Issuer is notified or has actual knowledge that the then-current rating of any such Class of Secured Notes Debt has been, or is known will be, changed or withdrawn. (b) The Issuer shall obtain and pay for an annual review by S&P of any Collateral Obligation which has an S&P Rating determined pursuant to clause (iii)(b) of the definition of “S&P Rating”.

Appears in 1 contract

Samples: Indenture and Security Agreement (Owl Rock Capital Corp)

Annual Rating Review. (a) So long as any of the Secured Notes Debt of any Class remains remain Outstanding, on or before March 26th December 31 in each year commencing in 20212023, the Issuer shall obtain and pay for an annual review of the rating of each such Class of Secured Notes Debt from the Rating Agency, as applicable. The Issuer shall promptly notify the Trustee Collateral Trustee, the Loan Agent and the Collateral Manager in writing (and the Collateral Trustee and the Loan Agent, as applicable, shall promptly provide the Holders with a copy of such notice) if at any time the Issuer is notified or has actual knowledge that the then-current rating of any such Class of Secured Notes Debt has been, or is known will be, changed or withdrawn. (b) The Issuer shall obtain and pay for an annual review by S&P of any Collateral Obligation which has an S&P Rating determined pursuant to derived as set forth in clause (iii)(b) of the definition of the term "S&P Rating".

Appears in 1 contract

Samples: Indenture (Golub Capital BDC 3, Inc.)

Annual Rating Review. (a) So long as any of the Secured Notes of any Class remains remain Outstanding, on or before March 26th August 9th in each year commencing in 20212020, the Issuer Applicable Issuers shall obtain and pay for an annual review of the rating of each such Class of Secured Notes from the Rating AgencyAgency so long as it is rating such Class, as applicable. The Issuer Applicable Issuers shall promptly notify the Trustee and the Collateral Manager in writing (and the Trustee shall promptly provide the Holders with a copy of such notice) if at any time the Issuer is notified or has actual knowledge that the then-current rating of any such Class of Secured Notes has been, or is known will be, changed or withdrawn. (b) The Issuer shall obtain and pay for an annual review by S&P of any Collateral Obligation which has an S&P Rating determined pursuant to derived as set forth in clause (iii)(b) of the part of the definition of the term “S&P Rating”.

Appears in 1 contract

Samples: Indenture (AB Private Credit Investors Corp)

Annual Rating Review. (a) So long as any of the Secured Notes Debt of any Class remains Outstanding, on or before March 26th December 31 in each year commencing in 2021, the Issuer Borrower shall obtain and pay for an annual review of the rating of each such Class of Secured Notes Debt from the Rating Agency, as applicable. The Issuer Borrower shall promptly notify the Trustee Trustee, the Collateral Agent, the Loan Agent and the Collateral Manager in writing (and the Trustee Loan Agent shall promptly provide the Holders Lenders with a copy of such notice) if at any time the Issuer is notified or has actual knowledge that the then-current rating of any such Class of Secured Notes Debt has been, been changed or is known withdrawn or the Borrower knows that any such rating will be, be changed or withdrawn. (b) The Issuer Borrower shall obtain and pay for an annual review by S&P of any Collateral Obligation which has an S&P Rating determined pursuant to derived as set forth in clause (iii)(b) of the definition of the term “S&P Rating”.

Appears in 1 contract

Samples: Credit Agreement (GOLUB CAPITAL BDC, Inc.)

Annual Rating Review. (a) So long as any of the Secured Notes Debt of any Class remains Outstanding, on or before March 26th October 29 in each year commencing in 20212025, the Issuer shall obtain and pay for an annual review of the rating of each such Class of Secured Notes Debt from the Rating Agency, as applicable. The Issuer shall promptly notify the Collateral Trustee and the Collateral Manager in writing (and the Collateral Trustee shall promptly provide the Holders with a copy of such notice) if at any time the Issuer is notified or has actual knowledge that the then-current rating of any such Class of Secured Notes Debt has been, or is known will be, changed or withdrawn. (b) The Issuer shall obtain and pay for an annual review by S&P of any Collateral Obligation which has an S&P Rating determined pursuant to clause (iii)(b) of the definition of “S&P Rating”.

Appears in 1 contract

Samples: Indenture and Security Agreement (Blue Owl Credit Income Corp.)

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