Debt Ratings. (i) The Mxxxx’x Debt Rating is lower than A3 and the S&P Debt Rating is lower than A-; or (ii) Mxxxx’x and S&P suspends or withdraws their rating of the Borrower’s senior unsecured long-term non-credit enhanced debt.
Appears in 4 contracts
Samples: Credit Agreement (Tennessee Valley Authority), Credit Agreement (Tennessee Valley Authority), Credit Agreement (Tennessee Valley Authority)
Debt Ratings. (i) The Mxxxx’x Xxxxx’x Debt Rating is lower than A3 and the S&P Debt Rating is lower than A-; or
(ii) Mxxxx’x Xxxxx’x and S&P suspends or withdraws their rating of the Borrower’s senior unsecured long-term non-credit enhanced debt.
Appears in 2 contracts
Samples: Credit Agreement (Tennessee Valley Authority), Credit Agreement (Tennessee Valley Authority)
Debt Ratings. (i) The Mxxxx’x Xxxxx'x Debt Rating is lower than A3 Baa2 and the S&P Debt Rating is lower than A-BBB; or
(ii) Mxxxx’x Xxxxx'x and S&P suspends suspend or withdraws withdraw their rating of the Borrower’s 's senior unsecured long-term non-credit enhanced debt.
Appears in 2 contracts
Samples: Credit Agreement (Tennessee Valley Authority), Credit Agreement (Tennessee Valley Authority)
Debt Ratings. (i) The Mxxxx’x Xxxxx’x Debt Rating is lower than A3 Baa3 and the S&P Debt Rating is lower than A-BBB-; or
(ii) Mxxxx’x Xxxxx’x and S&P suspends suspend or withdraws withdraw their rating of the Borrower’s senior unsecured long-term non-credit enhanced debt.
Appears in 2 contracts
Samples: Credit Agreement (Tennessee Valley Authority), Credit Agreement (Tennessee Valley Authority)
Debt Ratings. (i) The Mxxxx’x Xxxxx'x Debt Rating is lower than A3 Baa2 and the S&P Debt Rating is lower than A-BBB; or
(ii) Mxxxx’x Xxxxx'x and S&P suspends suspend or withdraws withdraw their rating of the Borrower’s 's senior unsecured long-long- term non-credit enhanced debt.
Appears in 1 contract
