Common use of Credit Rating Level Clause in Contracts

Credit Rating Level. One of the following five (5) pricing levels, as applicable, and provided, further, that, from and after the time that Agent receives written notice that Borrower and/or Parent has first obtained an Investment Grade Rating and Borrower has elected to use the Credit Rating of Borrower or Parent as the basis for the Applicable Margin:

Credit Rating Level. One of the following five (5) pricing levels, as applicable, and provided, further, that, from and after the time that Agent receives written notice that Borrower and/or Parent has first obtained an Investment Grade Rating from (i) S&P or Xxxxx'x, or (ii) a combination of Fitch and S&P or Xxxxx'x, during any period that Borrower has elected to use the no Credit Rating of Borrower or Parent as Level, Credit Rating Level 5 shall be the basis for the Applicable Marginapplicable Credit Rating Level:

Credit Rating Level. One of the following five (5) pricing levels, as applicable, and provided, further, that, from and after the time that Agent receives written notice that Borrower and/or Parent has first obtained an Investment Grade Rating and Rating, during any period that Borrower has elected to use the no Credit Rating of Borrower or Parent as Level, Credit Rating Level 5 shall be the basis for the Applicable Marginapplicable Credit Rating Level:

Credit Rating Level. One of the following five (5) pricing levels, as applicable, and provided, further, that, from and after the time that Agent receives written notice that Borrower and/or Parent Trust has first obtained an Investment Grade Rating and Borrower from at least two Rating Agencies, during any period that the Trust has elected to use the no Credit Rating of Borrower or Parent as Level, Credit Rating Level 5 shall be the basis for the Applicable Marginapplicable Credit Rating Level: