Common use of Credit Ratings Clause in Contracts

Credit Ratings. Prompt written notice of any change in the Borrower’s corporate rating by S&P, in the Borrower’s corporate family rating by Xxxxx’x or in the ratings of the Term Loans by either S&P or Xxxxx’x, or any notice from either such agency indicating its intent to effect such a change or to place the Borrower on a “CreditWatch” or “WatchList” or any similar list, in each case with negative implications, or its cessation of, or its intent to cease, rating the Borrower; and

Appears in 2 contracts

Samples: Senior Secured Term Loan Facility Agreement (Home Loan Servicing Solutions, Ltd.), Senior Secured Term Loan Facility Agreement (Ocwen Financial Corp)

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Credit Ratings. Prompt written notice of any change in the Borrower’s corporate rating by S&P, in the Borrower’s corporate family rating by Xxxxx’x or in the ratings of the Term Loans credit facilities hereunder by either S&P or Xxxxx’x, or any notice from either such agency indicating its intent to effect such a change or to place the Borrower or the credit facilities hereunder on a “CreditWatch” or “WatchList” or any similar list, in each case with negative implications, or its cessation of, or its intent to cease, rating the BorrowerBorrower or the credit facilities hereunder; and

Appears in 2 contracts

Samples: Credit and Guaranty Agreement (RadNet, Inc.), Credit and Guaranty Agreement (RadNet, Inc.)

Credit Ratings. Prompt written notice of any change in the Borrower’s corporate rating by S&P, in the Borrower’s corporate family rating by Xxxxx’x Mxxxx’x or in the ratings of the Term Loans by either S&P or Xxxxx’xMxxxx’x, or any notice from either such agency indicating its intent to effect such a change or to place the Borrower on a “CreditWatch” or “WatchList” or any similar list, in each case with negative implications, or its cessation of, or its intent to cease, rating the Borrower; and

Appears in 1 contract

Samples: Senior Secured Term Loan Facility Agreement (Ocwen Financial Corp)

Credit Ratings. Prompt written notice of any change in the Borrower’s corporate rating of the Borrower by S&P, in the Borrower’s corporate family rating of the Borrower by Xxxxx’x or in the ratings of the Term Loans by either S&P or Xxxxx’x, or any notice from either such agency indicating its intent to effect such a change or to place the Borrower on a “CreditWatch” or “WatchList” or any similar list, in each case with negative implications, or its cessation of, or its intent to cease, rating the Borrower; and

Appears in 1 contract

Samples: Credit Agreement (Altisource Portfolio Solutions S.A.)

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Credit Ratings. Prompt written notice of any change in the BorrowerParent’s corporate rating by S&P, in Parent or the Borrower’s corporate family rating by Xxxxx’x Mxxxx’x or in the ratings of the Term Loans by either S&P or Xxxxx’xMxxxx’x, or any notice from either such agency indicating its intent to effect such a change or to place the Borrower on a “CreditWatch” or “WatchList” or any similar list, in each case with negative implications, or its cessation of, or its intent to cease, rating Parent or the Borrower; and

Appears in 1 contract

Samples: Joinder and Second Amendment Agreement (Ocwen Financial Corp)

Credit Ratings. Prompt written notice of any change in the Borrower’s corporate rating of Holdings by S&P, in the Borrower’s corporate family rating of Holdings by Xxxxx’x or in the ratings of the Term Loans by either S&P or Xxxxx’x, or any notice from either such agency indicating its intent to effect such a change or to place the Borrower Holdings on a “CreditWatch” or “WatchList” or any similar list, in each case with negative implications, or its cessation of, or its intent to cease, rating the BorrowerHoldings; and

Appears in 1 contract

Samples: Credit Agreement (Altisource Portfolio Solutions S.A.)

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