Common use of Debt Rating Clause in Contracts

Debt Rating. No later than five (5) days after a Financial Officer obtains knowledge of any such issuance of change, give notice to the Administrative Agent (by telephone, followed promptly by written notice transmitted by facsimile with a hard copy sent promptly thereafter) of any issuance of change (either expressly or pursuant to a letter from S&P or Xxxxx’x stating an “implied” rating), in rating by S&P or Xxxxx’x in respect of the Borrower’s non-credit enhanced senior long-term debt (secured or unsecured), together with details thereof.

Appears in 4 contracts

Samples: 364 Day Credit Agreement (Autozone Inc), Credit Agreement (Autozone Inc), 364 Day Credit Agreement (Autozone Inc)

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Debt Rating. No later than five (5) days after a Financial Officer obtains knowledge of any such issuance of change, give notice to the Administrative Agent (by telephone, followed promptly by written notice transmitted by facsimile with a hard copy sent promptly thereafter) of any issuance of change (either expressly or pursuant to a letter from S&P or Xxxxx’x stating an "implied" rating), in rating by S&P or Xxxxx’x in respect of the Borrower’s non-credit enhanced senior long-term debt (secured or unsecured), together with details thereof.

Appears in 2 contracts

Samples: Credit Agreement (Autozone Inc), Five Year Credit Agreement (Autozone Inc)

Debt Rating. No later than five (5) days after a Financial Officer obtains knowledge of any such issuance of change, give notice to the Administrative Agent (by telephone, followed promptly by written notice transmitted by facsimile with a hard copy sent promptly thereafter) of any issuance of change (either expressly or pursuant to a letter from S&P S&P, Xxxxx’x or Xxxxx’x Fitch stating an “implied” rating), in rating by S&P S&P, Xxxxx’x or Xxxxx’x Fitch in respect of the Borrower’s non-credit enhanced senior long-term debt (secured or unsecured), together with details thereof.

Appears in 2 contracts

Samples: Credit Agreement (Autozone Inc), Credit Agreement (Autozone Inc)

Debt Rating. No later than five (5) days after a Financial Officer obtains knowledge of any such issuance of change, give notice to the Administrative Agent (by telephone, followed promptly by written notice transmitted by facsimile with a hard copy sent promptly thereafter) of any issuance of change (either expressly or pursuant to a letter from S&P or Xxxxx’x Xxxxx'x stating an "implied" rating), in rating by S&P or Xxxxx’x Xxxxx'x in respect of the Borrower’s 's non-credit enhanced senior long-term debt (secured or unsecured), together with details thereof.

Appears in 1 contract

Samples: Credit Agreement (Autozone Inc)

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Debt Rating. No later than five (5) days after a Financial Officer obtains knowledge of any such issuance of change, give notice to the Administrative Agent (by telephone, followed promptly by written notice transmitted by facsimile with a hard copy sent promptly thereafter) of any issuance of change (either expressly or pursuant to a letter from S&P or Xxxxx’x stating an “implied” rating), in rating by S&P or Xxxxx’x in respect of the Borrower’s non-credit non‑credit enhanced senior long-term long‑term debt (secured or unsecured), together with details thereof.

Appears in 1 contract

Samples: 364 Day Credit Agreement (Autozone Inc)

Debt Rating. No later than five (5) days after a Financial Officer obtains knowledge of any such issuance of change, give notice to the Administrative Agent (by telephone, followed promptly by written notice transmitted by facsimile with a hard copy sent promptly thereafter) of any issuance of change (either expressly or pursuant to a letter from S&P or Xxxxx’x Moody’s stating an “implied” rating), in rating by S&P or Xxxxx’x Moody’s in respect of the Borrower’s non-credit enhanced senior long-term debt (secured or unsecured), together with details thereof.

Appears in 1 contract

Samples: Credit Agreement (Autozone Inc)

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