Common use of Debt Rating Clause in Contracts

Debt Rating. So long as the Facility is available or outstanding, the Borrower shall use commercially reasonable efforts to maintain a rating (but not a specific rating) applicable to the Borrower’s Senior Debt Rating.

Appears in 4 contracts

Samples: Term Loan Agreement (Cleco Power LLC), Bridge Loan Agreement, Bridge Loan Agreement (Cleco Power LLC)

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Debt Rating. So long as the Facility is available or outstanding, the Borrower shall use commercially reasonable efforts to maintain a rating (but not a specific rating) applicable to the Borrower’s Senior Debt Ratinglong term unsecured senior Indebtedness from any two of S&P, Xxxxx’x or Fitch.

Appears in 1 contract

Samples: Term Loan Credit Agreement (Cleco Power LLC)

Debt Rating. So long as the any Loan Facility is available or outstanding, the Borrower shall use commercially reasonable efforts to maintain a rating (but not a specific rating) applicable to the Borrower’s Senior Debt Ratinglong term secured senior Indebtedness from any two of S&P, Xxxxx’x or Fitch.

Appears in 1 contract

Samples: Credit Agreement (Cleco Power LLC)

Debt Rating. So long as the any Loan Facility is available or outstanding, the Borrower shall use commercially reasonable efforts to maintain a rating (but not a specific rating) applicable to the Borrower’s Senior Debt Ratinglong term unsecured senior Indebtedness from any two of S&P, Xxxxx’x or Fitch.

Appears in 1 contract

Samples: Credit Agreement (Cleco Power LLC)

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Debt Rating. So long as the Facility is available or outstanding, the Borrower shall use commercially reasonable efforts to maintain a rating (but not a specific rating) applicable to the Borrower’s Senior Debt Ratinglong term secured senior Indebtedness from any two of S&P, Xxxxx’x or Fitch.

Appears in 1 contract

Samples: Term Loan Credit Agreement (Cleco Corporate Holdings LLC)

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