Credit Rating Change Sample Clauses

Credit Rating Change. Promptly, upon any change in the Parent’s Credit Rating, a certificate stating that the Parent’s Credit Rating has changed and the new Credit Rating that is in effect; and
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Credit Rating Change. If the credit rating of the guarantor for the Financial Guarantee in effect referred to in Paragraph 6.1 changes and if the guarantor no longer fulfils the criteria defined in the first paragraph of 6.1, GRTgaz will ask for the substitution of the Financial Guarantee with another payment guarantee that fulfils the defined criteria. This new Financial Guarantee, which must be valid until the expiry of the validity period of the abovementioned Financial Guarantee, must be issued in favour of GRTgaz by a guarantor that fulfils the criteria defined in the first paragraph of Paragraph 6.1 and must comply with the other terms and conditions of the present Clause. The Shipper must present GRTgaz with the new guarantee as soon as possible and at the latest thirty (30) days after receipt of GRTgaz's request. Similarly, in the event of a change in the Shipper's credit rating during the period of the Agreement, the obligation must be reviewed accordingly in order to provide GRTgaz with payment security that complies with GRTgaz's financial policy as described in the present Clause 6. The Shipper must present GRTgaz with a payment guarantee, as applicable, as soon as possible that complies with the criteria and terms and conditions set out in Paragraph 6.1 at the latest thirty (30) days after GRTgaz so requests.
Sample 1

Related to Credit Rating Change

  • Credit Rating With respect to the Competitive Supplier or Competitive Supplier’s Guarantor, its senior unsecured, unsubordinated long-term debt rating, not supported by third party credit enhancement, and if such debt is no longer rated, then the corporate or long-term issuer rating of Competitive Supplier or Competitive Supplier’s Guarantor.

  • Credit Ratings Use commercially reasonable efforts to maintain at all times (a) a credit rating by each of S&P and Xxxxx’x in respect of the Term Facility and (b) a public corporate rating by S&P and a public corporate family rating by Xxxxx’x for the Borrower, in each case with no requirement to maintain any specific minimum rating.

  • Debt Rating The Liquidity Provider has a short-term debt ratings of “P-1” from Xxxxx’x and “F1+” from Fitch.

  • Accounting Changes Make or permit, or permit any of its Subsidiaries to make or permit, any change in accounting policies or reporting practices, except as required or permitted by generally accepted accounting principles.

  • Debt Ratings Prompt notice of any change in its Debt Ratings.

  • Required Ratings The Offered Certificates shall have received Required Ratings of at least [ ] from [ ].

  • Benchmark Replacement Conforming Changes In connection with the use, administration, adoption or implementation of a Benchmark Replacement, the Administrative Agent will have the right to make Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Loan Document, any amendments implementing such Conforming Changes will become effective without any further action or consent of any other party to this Agreement or any other Loan Document.

  • Deferral Pending Change in Control The obligation of the Company to prepay Notes pursuant to the offers required by subparagraph (b) and accepted in accordance with subparagraph (d) of this Section 8.7 is subject to the occurrence of the Change in Control in respect of which such offers and acceptances shall have been made. In the event that such Change in Control does not occur on the Proposed Prepayment Date in respect thereof, the prepayment shall be deferred until and shall be made on the date on which such Change in Control occurs. The Company shall keep each holder of Notes reasonably and timely informed of (i) any such deferral of the date of prepayment, (ii) the date on which such Change in Control and the prepayment are expected to occur, and (iii) any determination by the Company that efforts to effect such Change in Control have ceased or been abandoned (in which case the offers and acceptances made pursuant to this Section 8.7 in respect of such Change in Control shall be deemed rescinded).

  • Conforming Changes In connection with the use, administration, adoption or implementation of a Benchmark Replacement, the Administrative Agent will have the right to make Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Loan Document, any amendments implementing such Conforming Changes will become effective without any further action or consent of any other party to this Agreement or any other Loan Document.

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