Common use of Changes in Ratings Clause in Contracts

Changes in Ratings. Promptly and in any event within five Business Days after a Responsible Officer of the Parent or any Borrower obtains actual knowledge of the existence thereof, the Parent or such Borrower, as applicable, shall give each Administrative Agent notice of any announcement by Xxxxx’x or S&P of any change in a corporate rating or corporate family rating with respect to the Parent or a Borrower or with respect to the Loans under this Agreement that has not been publicly announced or is not otherwise publicly available.

Changes in Ratings. Promptly and in any event within five Business Days after a Responsible Officer of the Parent or any Borrower Applicant obtains actual knowledge of the existence thereof, the Parent or such BorrowerApplicant, as applicable, shall give each the Administrative Agent notice of any announcement by Xxxxx’x or S&P of any change in a corporate rating or corporate family rating with respect to the Parent or a Borrower or with respect to the Loans under this Agreement an Applicant that has not been publicly announced or is not otherwise publicly available.available.¶