Common use of Maintenance of Unsecured Debt Rating Clause in Contracts

Maintenance of Unsecured Debt Rating. Initial Borrower shall at all times maintain a senior unsecured debt rating by one of (a) Fitch, (b) S&P, or (c) Mxxxx’x. In the event Initial Borrower shall maintain one senior unsecured debt rating such rating shall at all times be equal to or greater than (i) in the case of Fitch “BB-”, (ii) in the case of S&P “BB-”, and (iii) in the case of Mxxxx’x “Ba3”. In the event Initial Borrower shall maintain two or more senior unsecured debt ratings, two of such ratings shall at all times be equal to or greater than (i) in the case of Fitch “BB-”, (ii) in the case of S&P “BB-”, and (iii) in the case of Mxxxx’x “Ba3”.

Maintenance of Unsecured Debt Rating. Initial Borrower shall at all times maintain a senior unsecured debt rating by one of (a) Fitch, (b) S&P, or (c) Mxxxx’x. In the event Initial Borrower shall maintain one senior unsecured debt rating such rating shall at all times be equal to or greater than (i) in the case of Fitch “BB-”, (ii) in the case of S&P “BB-”, and (iii) in the case of Mxxxx’x “Ba3”. In the event Initial Borrower shall maintain two or more senior unsecured debt ratings, two of such ratings shall at all times be equal to or greater than (i) in the case of Fitch “BB-”, (ii) in the case of S&P “BB-”, and (iii) in the case of Mxxxx’x “Ba3”.

Maintenance of Unsecured Debt Rating. Initial Borrower shall at all times maintain a senior unsecured debt rating by one of (a) Fitch, (b) S&P, or (c) Mxxxx’xXxxxx’x. In the event Initial Borrower shall maintain one senior unsecured debt rating such rating shall at all times be equal to or greater than (i) in the case of Fitch “BB-”, (ii) in the case of S&P “BB-”, and (iii) in the case of Mxxxx’x Xxxxx’x “Ba3”. In the event Initial Borrower shall maintain two or more senior unsecured debt ratings, two of such ratings shall at all times be equal to or greater than (i) in the case of Fitch “BB-”, (ii) in the case of S&P “BB-”, and (iii) in the case of Mxxxx’x Xxxxx’x “Ba3”.