Moody's Ratings and S&P Ratings Sample Clauses

Moody's Ratings and S&P Ratings. All references in this -------------------------------- Agreement to particular Moody's Ratings and S&P Ratings are references to such ratings as currently defined by Xxxxx'x Investors Service, Inc. and Standard & Poor's Ratings Group and in the event either such rating service changes its ratings system, each reference to a particular rating of such rating service set forth in this Agreement shall be deemed to be a reference to the rating under such changed rating system which, in the reasonable judgment of the Administrative Agent, after consultation with the rating service involved, most closely approximates the senior unsecured long term debt rating (unsupported by any credit enhancement) associated with the particular rating of such rating service as currently defined.
Sample 1
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Moody's Ratings and S&P Ratings. All references in this Agreement to particular Moody's Ratings and S&P Ratings are references to such ratings as currently defined by Moodx'x Xxxestors Service, Inc. and/or Standard & Poor's Ratings Services and in the event either of such changes its rating system, each reference to a particular rating set forth in this Agreement shall be deemed to be a reference to the rating under such changed rating system which, in the reasonable judgment of the Administrative Agent, after consultation with the rating service involved, most closely approximates the level of financial strength associated with the particular rating as currently defined. Whenever a determination of compliance with any provision of this Agreement or any interest rate is dependent upon the availability of both a Moodx'x Xxxing and an S&P Rating and one or the other (but not both) of such rating services ceases to rate the financial strength of the Company, compliance with the applicable provisions of this Agreement and determinations of interest rates shall be made on the basis of the rating which is available. If for any reason neither a Moodx'x Xxxing nor an S&P Rating is available for the Company then in that event compliance with the provisions of this Agreement where a determination of such a rating is necessary and determinations of interest rates and fees shall be made by the Required Banks, after consultation with the Company, based on the Required Bank's good faith estimates of what such ratings would have been had they been available, the determination of the Required Banks in such regards to be final and conclusive provided that they have been made in good faith.
Sample 1
Moody's Ratings and S&P Ratings. All references in this Agreement to particular Moody's Ratings and S&P Ratings are references to such ratings as currently defined by Moodx'x Xxxestors Service, Inc. and/or Standard & Poor's, a Division of the McGraw Hill Companies, Inc. and in the event either of such corporations changes its rating system, each reference to a particular rating set forth in this Agreement shall be deemed to be a reference to the rating under such changed rating system which, in the reasonable judgment of the Administrative Agent, after consultation with the rating service involved, most closely approximates the level of claims paying ability associated with the particular rating as currently defined. Whenever a determination of compliance with any provision of this Agreement or any interest rate or fee is dependent upon the availability of both a Moodx'x Xxxing and an S&P Rating and one or the other (but not both) of such rating services ceases to rate the claims paying ability of the Guarantor, compliance with the applicable provisions of this Agreement and determinations of interest rates and fees shall be made on the basis of the rating which is available. If for any reason neither a Moodx'x Xxxing nor an S&P Rating is available for the Guarantor then in that event compliance with the provisions of this Agreement where a determination of such a rating is necessary and determinations of interest rates and fees shall be made by the Required Banks, after consultation with the Guarantor, based on the Required Banks' good faith estimates of what such ratings would have been had they been available, the determination of the Required Banks in such regards to be final and conclusive provided that they have been made in good faith.
Sample 1
Moody's Ratings and S&P Ratings. All references in this Agreement to particular Moody's Ratings and S&P Ratings are references to such ratings as currently defined by Moodx'x Xxxestors Service, Inc. and/or Standard & Poor's Ratings Services, a division of The McGrxx-Xxxx Xxxpanies, Inc. and in the event either of such corporations changes its rating system, each reference to a particular rating set forth in this Agreement shall be deemed to be a reference to the rating under such changed rating system which, in the reasonable judgment of the Agent, after consultation with the rating service involved, most closely approximates the level of claims paying ability associated with the particular rating as currently defined. Whenever a determination of compliance with any provision of this Agreement or any interest rate or fee is dependent upon the availability of both a Moodx'x Xxxing and an S&P Rating and one or the other (but not both) of such rating services ceases to rate the claims paying
Sample 1

Related to Moody's Ratings and S&P Ratings

  • Debt Ratings Prompt notice of any change in its Debt Ratings.

  • No Ratings There are no debt securities or preferred stock issued or guaranteed by the Company or any of its subsidiaries that are rated by a “nationally recognized statistical rating organization”, as such term is defined in Section 3(a)(62) of the Exchange Act.

  • Moody’s 37 Mortgage.....................................................................37

  • Required Ratings The Offered Certificates shall have received Required Ratings of at least [ ] from [ ].

  • Debt Rating The Liquidity Provider has a short-term debt ratings of “P-1” from Xxxxx’x and “F1+” from Fitch.

  • Ratings No “nationally recognized statistical rating organization” as such term is defined for purposes of Rule 436(g)(2) (i) has imposed (or has informed the Company that it is considering imposing) any condition (financial or otherwise) on the Company’s retaining any rating assigned to the Company or any securities of the Company or (ii) has indicated to the Company that it is considering any of the actions described in Section 7(c)(ii) hereof.

  • Credit Ratings Use commercially reasonable efforts to maintain at all times (a) a credit rating by each of S&P and Xxxxx’x in respect of the Term Facility and (b) a public corporate rating by S&P and a public corporate family rating by Xxxxx’x for the Borrower, in each case with no requirement to maintain any specific minimum rating.

  • Credit Rating The credit facilities provided for under this Agreement shall have been assigned a credit rating by S&P and Xxxxx’x.

  • No Rating Neither the Company nor any of its subsidiaries has debt securities or preferred stock that is rated by any “nationally recognized statistical rating organization” (as such term is defined in Section 3(a)(62) of the Exchange Act).

  • Annual Rating Review (a) So long as any of the Secured Notes of any Class remains Outstanding, on or before March 26th in each year commencing in 2021, the Issuer shall obtain and pay for an annual review of the rating of each such Class of Secured Notes from the Rating Agency, as applicable. The Issuer shall promptly notify the Trustee and the Collateral Manager in writing (and the Trustee shall promptly provide the Holders with a copy of such notice) if at any time the Issuer is notified or has actual knowledge that the then-current rating of any such Class of Secured Notes has been, or is known will be, changed or withdrawn.

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