Common use of Change in Credit Rating Clause in Contracts

Change in Credit Rating. Commercially reasonable efforts to provide prompt written notice of any change in the Credit Rating of the Parent or the Borrower that is announced by the applicable Rating Agency (it being acknowledged and agreed that the failure to provide such notice shall not result in a Default or Event of Default); and

Appears in 4 contracts

Sources: Term Loan Agreement (Piedmont Realty Trust, Inc.), Term Loan Agreement (Piedmont Office Realty Trust, Inc.), Term Loan Agreement (Piedmont Office Realty Trust, Inc.)

Change in Credit Rating. Commercially reasonable efforts to provide prompt written notice of any change in the Credit Rating of the Parent or the Borrower that is announced by the applicable Rating Agency rating agency (it being acknowledged and agreed that the failure to provide such notice shall not result in a Default or Event of Default); and

Appears in 2 contracts

Sources: Revolving Credit Agreement (Piedmont Office Realty Trust, Inc.), Term Loan Agreement (Piedmont Office Realty Trust, Inc.)