Common use of Downgrade of Securities Clause in Contracts

Downgrade of Securities. The Company shall provide prompt written notice to the Representatives if a downgrading shall have occurred in the rating accorded any securities or preferred stock of or guaranteed by any of the Company’s subsidiaries by any “nationally recognized statistical rating organization,” as such term is defined under Section 3(a)(62) of the Exchange Act.

Downgrade of Securities. The Company shall provide prompt written notice to the Representatives if a downgrading shall have occurred in the rating accorded any securities or preferred stock of or guaranteed by the Company or any of the Company’s subsidiaries (excluding subsidiaries that are non-recourse securitization issuers) by any “nationally recognized statistical rating organization,” as such term is defined under Section 3(a)(62) of the Exchange Act.

Downgrade of Securities. The Company shall provide prompt written notice to the Representatives Representative if a downgrading shall have occurred in the rating accorded any securities or preferred stock of or guaranteed by any of the Company’s subsidiaries by any “nationally recognized statistical rating organization,” as such term is defined by the Commission for purposes of Rule 436(g)(2) under Section 3(a)(62) of the Exchange Securities Act.

Downgrade of Securities. The Company shall provide prompt written notice to the Representatives if a downgrading shall have occurred in the rating accorded any securities or preferred stock of or guaranteed by any of the Company’s subsidiaries by any “nationally recognized statistical rating organization,” ”, as such term is defined under Section 3(a)(62) of the Exchange Act.

Downgrade of Securities. The Company shall provide prompt written notice to the Representatives Representative if a downgrading shall have occurred in the rating accorded any securities or preferred stock of or guaranteed by any of the Company’s subsidiaries by any “nationally recognized statistical rating organization,” ”, as such term is defined under Section 3(a)(62) of the Exchange Act.

Downgrade of Securities. The Company shall provide prompt written notice to the Representatives Representative if a downgrading shall have occurred during the Prospectus Delivery Period in the rating accorded any securities or preferred stock of or guaranteed by any of the Company’s subsidiaries Subsidiaries by any “nationally recognized statistical rating organization,” as such term is defined by the Commission for purposes of Rule 436(g)(2) under Section 3(a)(62) of the Exchange Securities Act.

Downgrade of Securities. The Company shall provide prompt written notice to the Representatives if a downgrading shall have occurred in the rating accorded any securities or preferred stock of or guaranteed by any of the Company’s subsidiaries by any “nationally recognized statistical rating organization,” as such term is defined by the Commission for purposes of Rule 15c3-1(c)(2)(vi)(F) under Section 3(a)(62) of the Exchange Act.