Maintain Ratings Sample Clauses
The "Maintain Ratings" clause requires a party, typically a borrower or issuer, to uphold a specified credit rating from a recognized rating agency throughout the term of an agreement. In practice, this means the party must take all necessary actions to ensure its credit rating does not fall below a certain threshold, such as maintaining investment-grade status. This clause is crucial for protecting the interests of the counterparty by reducing credit risk and providing assurance that the party’s financial stability will be preserved during the contractual relationship.
Maintain Ratings. It will maintain ratings (whether explicit or implied) assigned by Standard & Poor's Ratings Services (a division of The McGraw-Hill Companies, Inc.) and Moody's Investors Service, Inc. fo▇ ▇▇▇ ▇▇▇▇▇r unsecured non-credit ▇▇▇▇▇▇ed long term debt of the Borrower. For the avoidance of doubt, it being understood that no minimum credit rating is required to be achieved or maintained by the Borrower.
Maintain Ratings. The Borrower shall use its best efforts to maintain two ratings on the Facilities from S&P: one which gives effect to the Loan Insurance Policy and one which does not give effect to the Loan Insurance Policy; in each case for so long as S&P is in the business of rating loans and securities of a type similar to the Facilities. If, at the request of the Borrower, the Facilities are at any time rated by Moody’s, then from and after the date of such rating, the Borrower shall use its best efforts to maintain two ratings on the Facilities from Moody’s: one which gives effect to the Loan Insurance Policy and one which does not give effect to the Loan Insurance Policy; in each case for so long as ▇▇▇▇▇’▇ is in the business of rating loans and securities of a type similar to the Facilities.
Maintain Ratings. The Borrower shall use its best efforts to maintain a rating on the Term Loan Facility from each of Moody’s and S&P for so long as such rating agencies are in the business of rating loans and securities of a type similar to the Term Loan Facility.