Common use of Credit Table Moodys Rating Basis Points Clause in Contracts

Credit Table Moodys Rating Basis Points. Above Like Term Treasuries ------------- --------------------------------------- AAA Aa3 175 basis points A1 A3 200 Baa1 Baa3 225 Below Baa3 Individual Credit Review Needed Comdisco reserves the right to re-adjust the basis points listed above based upon a change in market conditions as determined by Comdisco within six (6) months from the date of this Agreement and every six (6) months thereafter. If market conditions change so that Comdisco readjusts the basis points as provided for herein, and NetWolves deems such readjustment to be above competitive market rates, NetWolves will obtain three (3) quoted rates from a third party using a similar point structure (the "Quoted Rates"). If Comdisco matches the average of the Quoted Rates, NetWolves will be deemed to accept Comdisco's readjustment. If Comdisco elects not to match the Quoted Rates, NetWolves may obtain hardware financing from one of the three parties supplying the Quoted Rates.

Appears in 4 contracts

Samples: Master Program Agreement (Netwolves Corp), Master Program Agreement (Netwolves Corp), Master Program Agreement (Netwolves Corp)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.