Common use of Corporate Ratings Clause in Contracts

Corporate Ratings. Use commercially reasonable efforts to maintain both a Xxxxx’x Debt Rating and a S&P Debt Rating at all times (or, if one of the ratings is not available or cannot be obtained by using commercially reasonable efforts, use commercially reasonable efforts to obtain a similar type rating from another rating agency reasonably acceptable to the Administrative Agent).

Appears in 3 contracts

Samples: Credit Agreement (Commercial Metals Co), Credit Agreement (Commercial Metals Co), Credit Agreement (Commercial Metals Co)

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Corporate Ratings. Use commercially reasonable efforts to maintain both a Xxxxx’x Debt Rating and a S&P Debt Rating at all times (or, if one of the ratings is not available or cannot be obtained by using commercially reasonable efforts, use commercially reasonable efforts to obtain a similar type rating from another rating agency reasonably acceptable to the Administrative Agent).

Appears in 2 contracts

Samples: Credit Agreement (Mohawk Industries Inc), Credit Agreement (Mohawk Industries Inc)

Corporate Ratings. Use commercially reasonable efforts to maintain both a Xxxxx’x Debt Rating and a S&P Debt Rating at all times (or, if one of the ratings is not available or cannot be obtained by using commercially reasonable efforts, use commercially reasonable efforts to obtain a similar type rating from another nationally recognized rating agency reasonably acceptable to the Administrative Agent).

Appears in 2 contracts

Samples: Credit Agreement (Urs Corp /New/), Credit Agreement (Urs Corp /New/)

Corporate Ratings. Use commercially reasonable efforts to maintain both a Xxxxx’x Debt Rating and a S&P Debt Rating at all times a Debt Rating from at least two of the following three rating agencies: Moody’s, S&P and Fitch (or, if one of the ratings is not available or cannot be obtained by using commercially reasonable efforts, use commercially reasonable efforts to obtain a similar type rating from another rating agency reasonably acceptable to the Administrative Agent).

Appears in 1 contract

Samples: Credit Agreement (COMMERCIAL METALS Co)

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Corporate Ratings. Use commercially reasonable efforts to maintain both a Xxxxx’x Debt Rating and a S&P Debt Rating at all times a Debt Rating from at least two of the following three rating agencies: Xxxxx’x, S&P and Fitch (or, if one of the ratings is not available or cannot be obtained by using commercially reasonable efforts, use commercially reasonable efforts to obtain a similar type rating from another rating agency reasonably acceptable to the Administrative Agent).

Appears in 1 contract

Samples: Credit Agreement (COMMERCIAL METALS Co)

Corporate Ratings. Use commercially reasonable efforts to maintain both a Xxxxx’x Debt Rating and a S&P Debt Rating at all times a Debt Rating from at least two of the following three rating agencies: Xxxxx’x, S&P and Fitch (or, if one of the ratings is not available or cannot be obtained by using commercially reasonable efforts, use commercially reasonable efforts to obtain a similar type rating from another rating agency reasonably acceptable to the Administrative Agent). (p) Section 6.19 of the Credit Agreement is hereby amended and restated to read as follows:

Appears in 1 contract

Samples: Credit Agreement (Commercial Metals Co)

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