Common use of Annual Rating Review Clause in Contracts

Annual Rating Review. (a) So long as any of the Secured Debt of any Class remains Outstanding, on or before November 15th in each year commencing in 2025, the Issuer shall obtain and pay for an annual review of the rating of each such Class of Secured Debt from any 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if at any time the then-current rating of any such Class of Secured Debt has been, or is known will be, changed or withdrawn. (b) The Issuer shall obtain and pay for an annual review of any Collateral Obligation which has (i) an S&P Rating derived as set forth in clause (iii)(a) of the part of the definition of the term “S&P Rating” or (ii) a Fitch Rating derived pursuant to clause (e) of the definition thereof.

Annual Rating Review. (a) So long as any of the Secured Debt of any Class remains Outstanding, on or before November 15th December 31 in each year commencing commending in 20252021, the Issuer shall obtain and pay for an annual review of the rating of each such Class of Secured Debt from any the Rating Agency, as applicable. The Issuer shall promptly notify the Collateral Trustee and 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if at any time the then-current rating of any such Class of Secured Debt has been, or is known will be, changed or withdrawn. (b) The Issuer shall obtain and pay for an annual review of any Collateral Obligation which middle market loan that has (i) an S&P Rating derived as set forth in clause (iii)(aiii)(b) of the part of the definition of the term “S&P Rating” or (ii) a Fitch Rating derived pursuant to clause (e) of the definition thereof”.

Annual Rating Review. (a) So long as any of the Secured Debt of any Class remains remain Outstanding, on or before November 15th in each year commencing in 2025December 31, 2024, the Issuer shall obtain request and pay for an annual review of the rating of each such Class of Secured Debt from any the Rating Agency, as applicable. The Issuer shall promptly notify the Collateral Trustee and the Collateral Manager in writing (and the Collateral Trustee and the 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 Debt has been, or is known will be, changed or withdrawn. (b) The Issuer shall obtain request and pay for an annual review of any Collateral Obligation which that has S&P Rating derived from a credit estimate under the definition thereof both (i) an S&P Rating derived as set forth in clause (iii)(a) of the part of the definition of the term “S&P Rating” or annually and (ii) upon the occurrence of a Fitch Rating derived pursuant Specified Amendment with respect to clause (e) of the definition thereofsuch Collateral Obligation.

Annual Rating Review. (a) So long as any of the Secured Debt of any Class remains remain Outstanding, on or before November 15th September 17 in each year commencing in 2025, the Issuer Applicable Issuers shall obtain and pay for an annual review of the rating of each such Class of Secured Debt from any the Rating Agency, as applicable. The Issuer Applicable Issuers 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 then-current rating of any such Class of Secured Debt has been, or is known will be, changed or withdrawn. (b) The Issuer shall obtain and pay for an annual review of any Collateral Obligation which has (i) an S&P Rating derived as set forth in clause (iii)(aiii)(b) of the part of the definition of the term “"S&P Rating” or (ii) a Fitch Rating derived pursuant to clause (e) of the definition thereof.". 171

Annual Rating Review. (a) So long as any of the Secured Debt Notes of any Class remains remain Outstanding, on or before November 15th September 25 in each year commencing in 20252014, the Issuer Applicable Issuers shall obtain and pay for an annual review of the rating of each such Class of Secured Debt Notes from any each Rating Agency, as applicable. The Issuer Applicable Issuers 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 then-current rating of any such Class of Secured Debt Notes has been, or is known will be, changed or withdrawn. (b) The Issuer shall obtain and pay for an annual review of any Collateral Obligation which has (i) an S&P Rating derived as set forth in clause (iii)(aiii)(b) of the part of the definition of the term “"S&P Rating” or (ii) a Fitch Rating derived pursuant to clause (e) of the definition thereof."

Annual Rating Review. (a) So long as any of the Secured Debt Notes of any Class remains remain Outstanding, on or before November 15th May 23 in each year commencing in 2025, the Issuer Applicable Issuers shall obtain and pay for an annual review of the rating of each such Class of Secured Debt Notes from any the Rating Agency, as applicable. The Issuer Applicable Issuers 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 then-current rating of any such Class of Secured Debt Notes has been, or is known will be, changed or withdrawn. (b) The Issuer Issuer, or the Collateral Manager on behalf of the Issuer, may (but shall not be obligated to) obtain and pay for an annual review of any DIP Collateral Obligation which has (i) an S&P Rating derived as set forth in clause (iii)(a) of the part of the definition of the term “S&P Rating” or (ii) a Fitch Rating derived pursuant to clause (e) of the definition thereofObligation.

Annual Rating Review. (a) So long as any of the Secured Debt of any Class remains remain Outstanding, on or before November 15th September 17 in each year commencing in 2025, the Issuer Applicable Issuers shall obtain and pay for an annual review of the rating of each such Class of Secured Debt from any the Rating Agency, as applicable. The Issuer Applicable Issuers 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 then-current rating of any such Class of Secured Debt has been, or is known will be, changed or withdrawn. (b) The Issuer shall obtain and pay for an annual review of any Collateral Obligation which has (i) an S&P Rating derived as set forth in clause (iii)(aiii)(b) of the part of the definition of the term “"S&P Rating” or (ii) a Fitch Rating derived pursuant to clause (e) of the definition thereof".

Annual Rating Review. (a) So long as any of the Secured Debt of any Class remains remain Outstanding, on or before November 15th in each year commencing in December 31, 2025, the Issuer shall obtain request and pay for an annual review of the rating of each such Class of Secured Debt from any the Rating Agency, as applicable. The Issuer shall promptly notify the Collateral Trustee and the Collateral Manager in writing (and the Collateral Trustee and the 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 Debt has been, or is known will be, changed or withdrawn. (b) The Issuer shall obtain request and pay for an annual review of any Collateral Obligation which that has S&P Rating derived from a credit estimate under the definition thereof both (i) an S&P Rating derived as set forth in clause (iii)(a) of the part of the definition of the term “S&P Rating” or annually and (ii) upon the occurrence of a Fitch Rating derived pursuant Specified Amendment with respect to clause (e) of the definition thereofsuch Collateral Obligation.

Annual Rating Review. (a) So long as any of the Secured Debt of any Class remains remain Outstanding, on or before November 15th August 23 in each year commencing in 20252024, the Issuer Applicable Issuers shall obtain and pay for an annual review of the rating of each such Class of Secured Debt from any the Rating Agency, as applicable. The Issuer Applicable Issuers 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 then-current then‑current rating of any such Class of Secured Debt has been, or is known will be, changed or withdrawn. (b) The Issuer shall obtain and pay for an annual review of any Collateral Obligation which has (i) an S&P Rating derived as set forth in clause (iii)(aiii)(b) of the part of the definition of the term “S&P Rating” or (ii) a Fitch Rating derived pursuant to clause (e) of the definition thereof”.