Credit Ratings Clause Samples
The Credit Ratings clause defines how the creditworthiness of a party, typically assessed by recognized rating agencies, is determined and referenced within the agreement. It specifies which agencies' ratings are considered valid, how changes in ratings are handled, and may set minimum rating requirements for parties or counterparties. This clause helps manage risk by ensuring that parties maintain a certain level of financial stability, and it provides mechanisms for addressing downgrades or credit events, thereby protecting the interests of the other party.
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Credit Ratings. Holdings will use commercially reasonable efforts to maintain a corporate credit rating from S&P and a corporate family rating in ▇▇▇▇▇’▇, in each case, with respect to the Credit Agreement Parties, and a credit rating by S&P and ▇▇▇▇▇’▇ with respect to the Indebtedness incurred pursuant to this Agreement and with respect to the Senior Notes.
Credit Ratings. The Borrower shall use commercially reasonable efforts to obtain and maintain (but not maintain any specific rating) (a) a corporate family and/or corporate credit rating, as applicable, and (b) public ratings in respect of the Term Loans provided pursuant to this Agreement, from, in each case, at least two of S&P, ▇▇▇▇▇’▇ and Fitch.
Credit Ratings. Borrower shall use commercially reasonable efforts to maintain a corporate credit rating from S&P and a corporate family rating from Moody’s, in each case, with respect to Borrower, and a credit rating from S&P and Moody’s with respect to the Term Loans incurred pursuant to this Agreement, in all cases, but not a specific rating.
Credit Ratings. Each of the Ultimate Parent and the Borrower will use its commercially reasonable efforts to maintain at all times monitored public ratings of the Loans by ▇▇▇▇▇’▇ and S&P and a corporate family rating for each of the Ultimate Parent and the Borrower from ▇▇▇▇▇’▇ and a corporate issuer rating for each of the Ultimate Parent and the Borrower from S&P.
Credit Ratings. Use commercially reasonable efforts to maintain at all times a credit rating by each of S&P and ▇▇▇▇▇’▇ in respect of the Facilities provided for under this Agreement and a corporate rating by S&P and a corporate family rating by ▇▇▇▇▇’▇ for UK Holdco, Holdings or any Parent Holding Company (it being understood that there shall be no requirement to maintain any specific credit rating).
Credit Ratings. Use commercially reasonable efforts to maintain at all times a public credit rating by each of S&P and ▇▇▇▇▇’▇ in respect of the Term Facility provided for under this Agreement and a public corporate rating by S&P and a public corporate family rating by ▇▇▇▇▇’▇ for the Borrower, in each case, with no requirement to maintain any specific minimum rating (it being understood and agreed that “commercially reasonable efforts” shall in any event include the payment by the Borrower of customary rating agency fees and reasonable cooperation with information and data requests by ▇▇▇▇▇’▇ and S&P in connection with their ratings process).
Credit Ratings. Use commercially reasonable efforts to maintain at all times (a) a credit rating by each of S&P and ▇▇▇▇▇’▇ in respect of the Term Facility and (b) a public corporate rating by S&P and a public corporate family rating by ▇▇▇▇▇’▇ for the Borrower, in each case with no requirement to maintain any specific minimum rating.
Credit Ratings. Use commercially reasonable efforts to maintain ratings by each of ▇▇▇▇▇’▇, Fitch and Standard & Poor’s with respect to the Facility.
Credit Ratings. The Borrowers will use commercially reasonable efforts to cause the credit facilities made available under this Agreement to be continuously rated by S&P and ▇▇▇▇▇’▇, and to maintain a corporate rating from S&P and a corporate family rating from ▇▇▇▇▇’▇ (but, in each case, not a specific rating), in each case in respect of each Borrower.
Credit Ratings. The Company will use commercially reasonable efforts to maintain Credit Ratings from each of S&P and M▇▇▇▇’▇ at all times.