Common use of Annual Rating Review Clause in Contracts

Annual Rating Review. (a) So long as any of the Secured Notes of any Class remain Outstanding, on or before November 20th in each year commencing in 2011, the Issuer shall obtain and pay for an annual review of the rating of each such Class of Secured Notes from each 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if at any time the then-current rating of any such Class of Secured Notes has been, or is known will be, changed or withdrawn.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 of any Collateral Obligation which has a Xxxxx’x Rating derived as set forth in clause (e)(ii) of the definition of the term “Xxxxx’x Derived Rating” in Schedule 5 and any DIP Collateral Obligation. The Issuer shall obtain and pay for an annual review of any Collateral Obligation which has a S&P Rating derived as set forth in clause (iii)(b) of the part of the definition of the term “S&P Rating.”

Annual Rating Review. (a) So long as any of the Secured Notes of any Class remain Outstanding, on or before November 20th December 31 in each year commencing in 20112012, the Issuer shall obtain and pay for an annual review of the rating of each such Class of the Secured Notes from 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if at any time the then-current rating of any such Class of the Secured Notes has been, or is known will be, changed or withdrawn. (b) The Issuer shall obtain and pay for an annual review of any Collateral Obligation which has a Xxxxx’x Rating derived as set forth in clause (e)(ii) of under the definition of the term heading “Xxxxx’x Moody’s Derived Rating” in Schedule 5 and any DIP Collateral Obligation. The Issuer shall obtain and pay for an annual review of any Collateral Obligation which has a S&P Rating derived as set forth in clause (iii)(b) of the part of the definition of the term “S&P Rating”.”

Annual Rating Review. (a) So long as any of the Secured Notes of any Class remain Outstanding, on or before November 20th December 31st in each year commencing in 20112015, the Issuer shall obtain and pay for an annual review of the rating of each such Class of Secured Notes from each 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 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 of any Collateral Obligation which has a Xxxxx’x Mxxxx’x Rating derived as set forth in clause (e)(iiii) of under the definition of the term heading “Xxxxx’x Moody’s Derived Rating” in Schedule 5 3 and any (i) DIP Collateral Obligation. The Issuer shall obtain Obligation and pay for an annual review of (ii) any Collateral Obligation which has a S&P Rating derived as set forth in clause (iii)(b) of the part of the definition of the term “S&P Rating.”

Annual Rating Review. (a) So long as any of the Secured Notes of any Class remain Outstanding, on or before November 20th December 31st in each year commencing in 20112017, the Issuer shall obtain and pay for an annual review of the rating of each such Class of Secured Notes from each 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 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 of any Collateral Obligation which has a Xxxxx’x Mxxxx’x Rating derived as set forth in clause (e)(iiii) of under the definition of the term heading “Xxxxx’x Mxxxx’x Derived Rating” in Schedule 5 3 and any (i) DIP Collateral Obligation. The Issuer shall obtain Obligation and pay for an annual review of (ii) any Collateral Obligation which has a S&P Rating derived as set forth in clause (iii)(b) of the part of the definition of the term “S&P Rating.”

Annual Rating Review. (a) So long as any of the Secured Notes of any Class remain Outstanding, on or before November 20th July 30th in each year commencing in 2011, the Issuer shall obtain and pay for an annual review of the rating of each such Class of Secured Notes from each 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 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 of any Collateral Obligation which has a Xxxxx’x Rating derived as set forth in clause (e)(ii) of under the definition of the term heading “Xxxxx’x Derived Rating” in Schedule 5 and any DIP Collateral Obligation. The Issuer shall obtain and pay for an annual review of any Collateral Obligation which has a S&P Rating derived as set forth in clause (iii)(b) of the part of the definition of the term “S&P Rating”.”