Common use of Keeping of Books; Maintenance of Ratings Clause in Contracts

Keeping of Books; Maintenance of Ratings. (i) Keep, and cause each of its Subsidiaries to keep, proper books of record and account, in which full and correct entries shall be made of all financial transactions and the assets and business of the Borrower and each such Subsidiary in accordance with GAAP in effect from time to time, and (ii) use commercially reasonable efforts to cause the Facilities to be continuously and publicly rated (but not any specific rating) by S&P and Xxxxx’x and use commercially reasonable efforts to maintain a public corporate rating (but not any specific rating) from S&P and a public corporate family rating (but not any specific rating) from Xxxxx’x.

Appears in 5 contracts

Samples: Fifth Amendment to Credit Agreement (Science Applications International Corp), Credit Agreement (Science Applications International Corp), Fourth Amendment (Science Applications International Corp)

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Keeping of Books; Maintenance of Ratings. (ia) Keep, and cause each of its the Restricted Subsidiaries to keep, proper books of record and account, in which entries that are full and correct entries in all material respects shall be made of all financial transactions and the assets and business of the Borrower Holdings and each such Restricted Subsidiary in accordance with GAAP in effect from time to time, and (iib) use commercially reasonable efforts to cause the Facilities to be continuously and publicly rated (but not any specific rating) by S&P and Xxxxx’x and use commercially reasonable efforts to maintain a public corporate rating (but not any specific rating) from S&P and a public corporate family rating (but not any specific rating) from Xxxxx’x, in each case with respect to Holdings and the Subsidiaries on a consolidated basis.

Appears in 2 contracts

Samples: Credit Agreement (Leidos Holdings, Inc.), Credit Agreement (Leidos Holdings, Inc.)

Keeping of Books; Maintenance of Ratings. (i) Keep, and cause each of its Subsidiaries to keep, proper books of record and account, in which full and correct entries shall be made of all financial transactions and the assets and business of the Borrower and each such Subsidiary in accordance with GAAP in effect from time to time, and (ii) use commercially reasonable efforts to cause the Facilities to be continuously and publicly rated (but not any specific rating) by S&P and Xxxxx’x Moody’s and use commercially reasonable efforts to maintain a public corporate rating (but not any specific rating) from S&P and a public corporate family rating (but not any specific rating) from Xxxxx’xMoody’s.

Appears in 1 contract

Samples: Credit Agreement (Science Applications International Corp)

Keeping of Books; Maintenance of Ratings. (i) Keep, and cause each of its Subsidiaries to keep, proper books of record and account, in which full and correct entries shall be made of all financial transactions and the assets and business of the Borrower and each such Subsidiary in accordance with GAAP in effect from time to time, and (ii) use commercially reasonable efforts to cause the Facilities to be continuously and publicly rated (but not any specific rating) by S&P and Xxxxx’x Mxxxx’x and use commercially reasonable efforts to maintain a public corporate rating (but not any specific rating) from S&P and a public corporate family rating (but not any specific rating) from Xxxxx’xMxxxx’x.

Appears in 1 contract

Samples: Credit Agreement (Science Applications International Corp)

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Keeping of Books; Maintenance of Ratings. (i) Keep, and cause each of its Subsidiaries to keep, proper books of record and account, in which full and correct entries shall be made of all financial transactions and the assets and business of the Borrower and each such Subsidiary in accordance with GAAP in effect from time to time, and (ii) from and after the Tranche B Effective Date, use commercially reasonable efforts to cause the Facilities to be continuously and publicly rated (but not any specific rating) by S&P and Xxxxx’x Mxxxx’x and use commercially reasonable efforts to maintain a public corporate rating (but not any specific rating) from S&P and a public corporate family rating (but not any specific rating) from Xxxxx’xMxxxx’x.

Appears in 1 contract

Samples: Credit Agreement (Science Applications International Corp)

Keeping of Books; Maintenance of Ratings. (ia) Keep, and cause each of its the Restricted Subsidiaries to keep, proper books of record and account, in which entries that are full and correct entries in all material respects shall be made of all financial transactions and the assets and business of [[NYCORP:3664832v12::08/15/2017--08:07 PM]] Holdings, the Borrower and each such other Restricted Subsidiary in accordance with GAAP in effect from time to time, and (iib) use commercially reasonable efforts to cause the Facilities to be continuously and publicly rated (but not any specific rating) by S&P and Xxxxx’x and use commercially reasonable efforts to maintain a public corporate rating (but not any specific rating) from S&P and a public corporate family rating (but not any specific rating) from Xxxxx’x, in each case with respect to Holdings and the Subsidiaries on a consolidated basis.

Appears in 1 contract

Samples: Credit Agreement (Leidos Holdings, Inc.)

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