Common use of Annual Rating Review Clause in Contracts

Annual Rating Review. So long as any Class of Secured Notes remains Outstanding, on or before December 31st 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 Notes from the Rating Agency. 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if at any time the then-current rating of any such Class of Secured Notes has been, or is known will be, changed or withdrawn.

Appears in 1 contract

Samples: Indenture (Monroe Capital Income Plus Corp)

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Annual Rating Review. So long as any Class of Secured Notes remains Outstanding, on or before December 31st 31 in each year commencing in 20252022, the Issuer shall obtain and pay for an annual review of the rating of each such Class of Secured Notes from the Rating Agency. 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if at any time the then-current rating of any such Class of Secured Notes has been, or is known will be, changed or withdrawn.

Appears in 1 contract

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

Annual Rating Review. So long as any Class of Secured Notes remains Outstanding, on or before December 31st in each year commencing in 20252023, the Issuer shall obtain and pay for an annual review of the rating of each such Class of Secured Notes from the Rating Agency. 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if at any time the then-current rating of any such Class of Secured Notes has been, or is known will be, changed or withdrawn.

Appears in 1 contract

Samples: Indenture (Monroe Capital Income Plus Corp)

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Annual Rating Review. (a) So long as any Class of the Secured Notes remains remain Outstanding, on or before December 31st 31 in each year commencing in 20252012, the Issuer shall obtain and pay for an annual review of the rating of each such Class of the Secured Notes from the each Rating AgencyAgency as an Administrative Expense, 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 then-current rating of any such Class of the Secured Notes has been, or is known will be, changed or withdrawn.

Appears in 1 contract

Samples: Indenture (TICC Capital Corp.)

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