Maintenance of Credit Rating. Holdings shall use its commercially reasonable efforts (including the timely payment of all customary amounts and the timely submission of all customary documentation) to ensure that (i) the credit facility provided for under this Agreement shall at all times have a credit rating assigned by S&P and Xxxxx’x and (ii) the Borrower shall at all times have a corporate credit rating assigned by S&P and Xxxxx’x; provided, however, that in the event either S&P or Xxxxx’x ceases to exist, ceases to be in the business of issuing ratings in respect of credit facilities, or the rating of such facilities is not otherwise obtainable from such agencies, then Holdings shall use its commercially reasonable efforts (including the timely payment of all customary amounts and the timely submission of all customary documentation) to ensure that such facilities are rated by another nationally recognized statistical rating agency acceptable to Administrative Agent.
Maintenance of Credit Rating. Use reasonable efforts to maintain a corporate rating for the Borrower and a rating for the Term Facility from either Xxxxx’x or S&P.
Maintenance of Credit Rating. TGI shall use commercially reasonable efforts to acquire as promptly as practicable and to maintain, from and after the Closing Date, both a Long-Term Issue Credit Rating and a Debt Rating from each of Xxxxx’x and Standard & Poor’s.
Maintenance of Credit Rating. U.S. Borrower shall take all necessary actions, including but not limited to, the provision of all information and the payment of all fees and expenses (including the reasonable fees and expenses of counsel), in order to maintain a credit rating on the Credit Facilities by both S&P and Xxxxx'x (or their successors or any other rating agency reasonably acceptable to the Administrative Agent).
Maintenance of Credit Rating. Use all commercially reasonable efforts to maintain (a) a public corporate family rating issued by Xxxxx’x and a public corporate credit rating issued by S&P, in each case with respect to the Borrower, and (b) a public credit rating from each of Xxxxx’x and S&P with respect to the Term Loans; provided that (i) the failure to obtain such ratings shall not constitute a Default or an Event of Default to the extent the Borrower is using its commercially reasonable efforts to obtain and maintain such ratings and (ii) the Borrower shall not be required to maintain any minimum credit rating.
Maintenance of Credit Rating. The Company shall at all times during which the SVO would otherwise refuse to rate the Series UUU Bonds or would rate the Series UUU Bonds below “2”, maintain a credit rating (but not any specific rating) of the Series UUU Bonds with at least one of S&P, Xxxxx’x or Fitch; provided that in lieu of maintaining any such credit rating, the Company shall have the option, in its sole discretion, of providing a guarantee by Parent of the obligations in respect of the Series UUU Bonds, in form and substance consistent with the form of Parent Guarantee executed in connection with the 5.50% First Mortgage Bonds due 2040, Series PPP, issued under the Fifth-eighth Supplemental Indenture dated as of November 22, 2010. Evidence of such credit rating shall (a) set forth the credit rating for the Series UUU Bonds, (b) refer to the Private Placement Number issued by Standard & Poor’s CUSIP Bureau Service in respect of the Series UUU Bonds, (c) state that the credit rating addresses the likelihood of payment of both the principal and interest of the Series UUU Bonds, (d) not include any prohibition against sharing such evidence with the SVO or any other regulatory authority having jurisdiction over the holders of the Series UUU Bonds, and (f) include such other information relating to the credit rating for the Series UUU Bonds as may be required from time to time by the SVO or any other regulatory authority having jurisdiction over the Holders.
Maintenance of Credit Rating. The Borrower will use reasonable efforts to maintain a credit rating by S&P or Moody's of its senior unsecured Debt. In the event that S&P or Xxxxx'x is not providing ratings of the Borrower's senior unsecured Debt, the Agent may request that the Borrower substitute another nationally recognized rating agency in lieu of S&P or Moody's.
Maintenance of Credit Rating. Seller shall use its best efforts to maintain the Company's credit rating issued by A.M. Best & Co. at "A-" or better.
Maintenance of Credit Rating. The Borrower shall use commercially reasonable efforts to acquire as promptly as practicable and to maintain, from and after the Closing Date, both a Long-Term Issue Credit Rating and a Debt Rating from each of Xxxxx’x and Standard & Poor’s.
Maintenance of Credit Rating. The Company hereby agrees that, for the period of time during which Notes are Outstanding, the Company will use commercially reasonable efforts to maintain a credit rating on the Notes by a “nationally recognized statistical rating organization,” as such term is defined in Section 3(a)(62) of the Exchange Act; provided that no minimum rating will be required.”
