Common use of High Yield Notes Clause in Contracts

High Yield Notes. Company shall obtain no later than three months after the Closing Date, ratings of the High Yield Notes from S&P and/or Xxxxx'x; provided, however, that if such ratings shall not have been obtained by such date solely due to inaction or a refusal to act by any such rating agency that is, in either case, beyond the control of Borrowers (as determined in the reasonable judgment of Administrative Agent), Borrowers shall not be in breach of this subsection 6.12 so long as Borrowers shall take all steps Administrative Agent reasonably requests from time to time to obtain such ratings.

Appears in 1 contract

Samples: Credit Agreement (Covanta Energy Corp)

AutoNDA by SimpleDocs

High Yield Notes. Company shall obtain no later than three months after the Closing Date, ratings of the High Yield Notes from S&P and/or Xxxxx'xMoody's; provided, however, that if such ratings shall not have been obtained xxxxxxxd by such date solely due to inaction or a refusal to act by any such rating agency that is, in either case, beyond the control of Borrowers (as determined in the reasonable judgment of Administrative Agent), Borrowers shall not be in breach of this subsection 6.12 so long as Borrowers shall take all steps Administrative Agent Agents reasonably requests request from time to time to obtain such ratings.

Appears in 1 contract

Samples: Credit Agreement (Danielson Holding Corp)

High Yield Notes. Company shall obtain no later than three months after the Closing Date, ratings of the High Yield Notes from S&P and/or Xxxxx'x; provided, however, that if such ratings shall not have been obtained by such date solely due to inaction or a refusal to act by any such rating agency that is, in either case, beyond the control of Borrowers (as determined in the reasonable judgment of Administrative Agent), Borrowers shall not be in breach of this subsection 6.12 so long as Borrowers shall take all steps Administrative Agent Agents reasonably requests request from time to time to obtain such ratings.

Appears in 1 contract

Samples: Credit Agreement (Covanta Energy Corp)

AutoNDA by SimpleDocs

High Yield Notes. Company shall obtain no later than three months after the Closing Date, ratings of the High Yield Notes from S&P and/or Xxxxx'xMoody's; provided, however, that if such ratings shall not have been obtained xxxxxxxd by such date solely due to inaction or a refusal to act by any such rating agency that is, in either case, beyond the control of Borrowers (as determined in the reasonable judgment of Administrative Agent), Borrowers shall not be in breach of this subsection 6.12 so long as Borrowers shall take all steps Administrative Agent reasonably requests from time to time to obtain such ratings.

Appears in 1 contract

Samples: Credit Agreement (Danielson Holding Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.