Maintenance of Rating of Facilities. The Loan Parties shall use commercially reasonable efforts to maintain (i) a public corporate credit rating (but not any particular rating) from S&P and a public corporate family rating (but not any particular rating) from Xxxxx’x, in each case in respect of the Borrower and (ii) a public rating (but not any particular rating) in respect of the Loans from each of S&P and Xxxxx’x.
Maintenance of Rating of Facilities. The Borrower will cause a senior secured credit rating with respect to the Credit Facilities from each of S&P and Xxxxx’x to be available at all times hereafter until the last Maturity Date under this Agreement.
Maintenance of Rating of Facilities. The Borrower will use commercially reasonable efforts to cause each of (i) a public senior secured credit rating with respect to the credit facilities hereunder from each of S&P and Xxxxx’x and (ii) a public corporate rating by S&P and a public corporate family rating by Xxxxx’x of the Borrower, to be available at all times until the last Maturity Date under this Agreement.
Maintenance of Rating of Facilities. Beginning on the date that is 45 days after the Effective Date (or such later date as the Administrative Agent may agree), the Loan Parties shall use commercially reasonable efforts to maintain (i) a public corporate credit rating (but not any particular rating) from S&P and a public corporate family rating (but not any particular rating) from Xxxxx’x, in each case in respect of the Borrower and (ii) a public rating (but not any particular rating) in respect of the Loans from each of S&P and Xxxxx’x.
Maintenance of Rating of Facilities. The Borrower will cause a senior secured credit rating with respect to the Credit Facilities from each of S&P and Moody's to be available at all times thereafter until the last Matxxxxx Xate under this Agreement.
Maintenance of Rating of Facilities. The Borrower will use commercially reasonable efforts to cause each of (i) a public senior secured credit rating with respect to the credit facilities hereunder from each of S&P and Xxxxx’x and (ii) a public corporate rating by S&P and a public corporate family rating by Xxxxx’x of the Borrower, to be available at all times until the last Maturity Date under this Agreement. 9.17 Interest Rate Protection. Commencing not later than 180 days after the Closing Date, not less than 50% of the aggregate principal amount of then outstanding Funded Debt (excluding Revolving Credit Loans) shall be either (x) fixed rate debt or (y) debt subject to Hedge Agreements. Such Hedge Agreements shall be maintained for not less than two years. 9.18 Limitations on Activities. No Parent Guarantor will engage in any business or activity other than (i) the ownership of all the outstanding shares of Capital Stock of the Parent Companies and the Borrower, as applicable, (ii) maintaining its corporate or other existence, (iii) participating in tax, accounting and other administrative matters as a member of the consolidated group of the Parent Guarantors and the Borrower, (iv) the performance of the Credit Documents to which it is a party, (v) making any dividend or distribution permitted by Section 10.6 or holding any cash, Capital Stock or property received in connection with dividends or distributions made by the Borrower in accordance with Section 10.6 pending (x) application thereof by any applicable Parent Guarantor, as applicable, in the manner contemplated by Section 10.6 or (y) transactions permitted under this Agreement, (vi) Indebtedness permitted under Section 10.1, including without limitation, Permitted Intercompany Indebtedness and the guarantees of such Permitted Intercompany Indebtedness by the Parent Guarantors, (vii) transactions permitted under Section 10.3, 10.4, 10.5 or 10.6, (viii) ownership of any Unrestricted Subsidiary to the extent otherwise permitted hereunder and (ix) activities incidental to the businesses or activities described in clauses (i) to (viii) of this Section 9.18. 9.19
