Moody’s Notifications Sample Clauses
The Moody’s Notifications clause requires parties to inform each other if Moody’s, a major credit rating agency, takes certain actions regarding their credit ratings. This typically involves notifying the other party if Moody’s downgrades, withdraws, or places a rating on watch or review, and may specify the timeframe and method for such notifications. The core function of this clause is to ensure transparency and timely communication about changes in creditworthiness, allowing parties to assess and manage associated risks effectively.
Moody’s Notifications. Notwithstanding any other provision of this agreement, this Agreement shall not be amended, no Early Termination Date shall be effectively designated by Party B, and no transfer of any rights or obligations under this Agreement shall be made unless Moody’s has been given prior written notice of such amendment, designation or transfer.