Common use of Implied Rating Clause in Contracts

Implied Rating. With respect to a Person, the most recent rating issued from time to time by a Rating Agency as is applicable to such Person's senior unsecured long-term debt, or if no such senior unsecured long-term debt is outstanding, then the most recent rating issued from time to time by a Rating Agency as would hypothetically be applicable to such Person's senior unsecured long-term debt (i.e., an implied rating).

Appears in 6 contracts

Samples: Revolving Credit Agreement (Crescent Real Estate Equities LTD Partnership), Revolving Credit Agreement (Crescent Real Estate Equities Co), Revolving Credit Agreement (Meridian Industrial Trust Inc)

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Implied Rating. With respect to a Person, the most recent rating issued from time to time by a the Rating Agency Agencies as is applicable to such Person's senior unsecured long-term debt, or if no such senior unsecured long-term debt is outstanding, then the most recent rating issued from time to time by a the Rating Agency Agencies as would hypothetically be applicable to such Person's senior unsecured long-term debt (i.e., an implied rating).

Appears in 4 contracts

Samples: Revolving Credit Agreement (Walden Residential Properties Inc), Revolving Credit Agreement (Storage Trust Realty), Revolving Credit Agreement (Walden Residential Properties Inc)

Implied Rating. With respect to a Person, the most recent rating issued from time to time by a the Rating Agency as is applicable to such Person's senior unsecured long-term debt, or if no such senior unsecured long-term debt is outstanding, then the most recent rating issued from time to time by a the Rating Agency as would hypothetically be applicable to such Person's senior unsecured long-term debt (i.e., an implied rating).

Appears in 2 contracts

Samples: Revolving Credit Agreement (Walden Residential Properties Inc), Revolving Credit Agreement (Walden Residential Properties Inc)

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Implied Rating. With respect to a Person, the most recent rating issued from time to time by a either of the Rating Agency Agencies as is applicable to such Person's senior unsecured long-term debt, or if no such senior unsecured long-term debt is outstanding, then the most recent rating issued from time to time by a either of the Rating Agency Agencies as would hypothetically be applicable to such Person's senior unsecured long-term debt (i.e., an implied rating).

Appears in 2 contracts

Samples: Revolving Credit Agreement (Excel Realty Trust Inc), Revolving Credit Agreement (New Plan Excel Realty Trust Inc)

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