Common use of Downgrading of Company’s Debt Securities Clause in Contracts

Downgrading of Company’s Debt Securities. On or after the date hereof and prior to the Closing (i) no downgrading shall have occurred in the rating accorded the Company’s debt securities by any “nationally recognized statistical rating organization”, as that term is defined by the Commission for purposes of Rule 436(g)(2) under the Act, and (ii) no such organization shall have publicly announced that it has under surveillance or review, with possible negative implications, its rating of any of the Company’s debt securities.

Downgrading of Company’s Debt Securities. On or after the date hereof and prior to the Closing (i) no downgrading shall have occurred in the rating accorded the Company’s 's debt securities by any “"nationally recognized statistical rating organization”", as that term is defined by the Commission for purposes of Rule 436(g)(2) under the Act, and (ii) no such organization shall have publicly announced that it has under surveillance or review, with possible negative implications, its rating of any of the Company’s 's debt securities.