Common use of Annual Rating Review Clause in Contracts

Annual Rating Review. (a) So long as any Secured Debt remains Outstanding, on or before November 15 in each year commencing in 2022, the Co-Issuers shall request and pay for an annual review of the rating of each such Class of Secured Debt from the Rating Agency. The Co-Issuers shall promptly notify the Trustee, the Collateral Agent, the Loan Agent and the Collateral Manager in writing (and the Trustee or 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knowledge that the then-current rating of any such Class of Secured Debt has been, or is known will be, changed or withdrawn.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 that 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 Secured Debt remains Outstanding, on or before November 15 December 31 in each year commencing in 20222024, the Co-Issuers Issuer shall request and pay for an annual review of the rating of each such Class of Secured Debt from the each Rating Agency, as applicable. The Co-Issuers Issuer shall promptly notify the Trustee, the Collateral Agent, Trustee and the Loan Agent and the Collateral Manager in writing (and the Collateral Trustee or 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knowledge that the then-current rating of any such Class of Secured Debt has been, or is known will be, changed or withdrawn.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 that 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 Debt of any Class remains Outstanding, on or before November 15 July 18th in each year commencing in 20222024, the Co-Issuers Borrower shall request obtain and pay for an annual review of the rating of each such Class of Secured Debt from the Rating Agency, as applicable. The Co-Issuers Borrower shall promptly notify the Collateral Trustee, the Collateral Agent, the Loan Agent and the Collateral Manager in writing (and the Trustee or Loan Agent, as applicable, Agent shall promptly provide the Holders with a copy of such notice) if at any time the Issuer Borrower 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 Borrower shall obtain and pay for an annual review by S&P of any Collateral Obligation that which has a an S&P Rating derived as set forth in determined pursuant to clause (iii)(b) of the part of the definition of the term “S&P Rating”.”