CREDIT QUALIFICATION. The Borrower shall be at all times at least category 2B or superior according to the Central Bank´s regulation. Should the Borrower at any time be rated below the aforementioned category, it shall have thirty (30) days of the occurrence thereof to comply with this covenant.
Appears in 3 contracts
Samples: Loan Facility Agreement (Navios South American Logistics Inc.), Loan Facility Agreement (Navios South American Logistics Inc.), Loan Facility Agreement (Navios South American Logistics Inc.)
CREDIT QUALIFICATION. The Borrower shall be at all times at least category 2B or superior according to the Central Bank´s Bank’s regulation. Should the Borrower at any time be rated below the aforementioned category, it shall have thirty (30) days of the occurrence thereof to comply with this covenant.
Appears in 2 contracts
Samples: Senior Secured Term Loan Facility Agreement, Senior Secured Term Loan Facility Agreement (Navios South American Logistics Inc.)
