Common use of Change in Credit Rating Clause in Contracts

Change in Credit Rating. Each Borrower and each Guarantor will, and will cause each of their respective Subsidiaries to, give notice to the Administrative Agent in writing of any change in any such Person’s credit rating, or the credit rating pertaining to any debt obligations of any such Person, as determined by Xxxxx’x, S&P or any other nationally recognized rating service from time to time.

Appears in 2 contracts

Samples: Revolving Credit and Term Loan Agreement (Centerline Holding Co), Revolving Credit and Term Loan Agreement (Centerline Holding Co)

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Change in Credit Rating. Each Borrower and each Guarantor will, and will cause each of their respective Subsidiaries to, give notice to the Administrative Agent in writing of (i) any change in any such Person’s credit rating, or the credit rating pertaining to any debt obligations of any such Person; or (ii) any change in the servicer rating of CSL, CAHA or any of their Affiliates party to the Servicing Agreements; in either case as determined by Xxxxx’x, S&P or any other nationally recognized rating service from time to time.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Centerline Holding Co)

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Change in Credit Rating. Each Borrower and each Guarantor will, and will cause each of their respective Subsidiaries to, give notice to the Administrative Agent in writing of any change in any such Person’s 's credit rating, or the credit rating pertaining to any debt obligations of any such Person, as determined by Xxxxx’xMoody's, S&P or any other nationally recognized rating service from serxxxx xxom time to time.

Appears in 1 contract

Samples: Credit and Term Loan Agreement (Chartermac)

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