Common use of Downgrade of Parent Clause in Contracts

Downgrade of Parent. Promptly after the occurrence thereof, any downgrade in the rating of any rated Debt of any Transferor by S&P or by Xxxxx’x, setting forth the Debt affected and the nature of such change.

Appears in 5 contracts

Samples: Receivables Sale Agreement (WestRock Co), Receivables Sale Agreement (WestRock Co), Receivables Sale Agreement (Rock-Tenn CO)

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Downgrade of Parent. Promptly after the occurrence thereof, any downgrade in the rating of any rated Debt of any Transferor by S&P or by Xxxxx’xMoody's, setting forth the Debt affected and the nature of such changechangx.

Appears in 1 contract

Samples: Receivables Sale Agreement (Rock-Tenn CO)

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Downgrade of Parent. Promptly after the occurrence thereof, any downgrade in the rating of any rated Debt of any Transferor Parent by S&P or by Xxxxx’x, setting forth the Debt affected and the nature of such change.

Appears in 1 contract

Samples: Receivables Sale Agreement (Universal Health Services Inc)

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