Common use of No Downgrading Clause in Contracts

No Downgrading. Subsequent to the execution and delivery of this Agreement, to the extent applicable, (i) no downgrading shall have occurred in the rating accorded the Partnership’s debt securities or preferred stock by any “nationally recognized statistical rating organization” (as that term is defined by the Commission for purposes of Rule 436(g)(2) under the Securities Act), and (ii) no such organization shall have publicly announced that it has under surveillance or review, with possible negative implications, its rating of any of the Partnership’s debt securities or preferred stock.

Appears in 2 contracts

Samples: Underwriting Agreement (Summit Midstream Partners, LP), Underwriting Agreement (Summit Midstream Partners, LP)

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No Downgrading. Subsequent to the execution and delivery of this Agreement, to the extent applicable, (i) no downgrading shall have occurred in the rating accorded to the Partnership’s debt securities or preferred stock by any “nationally recognized statistical rating organization” (as that term is defined by the Commission for purposes of Rule 436(g)(2) under the Securities Act), and (ii) no such organization shall have publicly announced that it has under surveillance or review, with possible negative implications, its rating of any of the Partnership’s debt securities or preferred stocksecurities.

Appears in 2 contracts

Samples: Underwriting Agreement (JP Energy Partners LP), Underwriting Agreement (JP Energy Partners LP)

No Downgrading. Subsequent to the execution and delivery of this Agreement, to the extent applicable, (i) no downgrading shall have occurred in the rating accorded the Partnership’s debt securities or preferred stock by any “nationally recognized statistical rating organization” (as that term is defined by used in Section 15E of the Commission for purposes of Rule 436(g)(2) under the Securities Exchange Act), and (ii) no such organization shall have publicly announced that it has under surveillance or review, with possible negative implications, its rating of any of the Partnership’s debt securities or preferred stocksecurities.

Appears in 2 contracts

Samples: Underwriting Agreement (Rose Rock Midstream, L.P.), Underwriting Agreement (Rose Rock Midstream, L.P.)

No Downgrading. Subsequent to the execution and delivery of this Agreement, to the extent applicable, applicable (i) no downgrading shall have occurred in the rating accorded to the Partnership’s debt securities or preferred stock by any “nationally recognized statistical rating organization” (as that term is defined by in Section 3(a)(62) of the Commission for purposes of Rule 436(g)(2) under the Securities Exchange Act), and (ii) no such organization shall have publicly announced that it has under surveillance or review, with possible negative implications, its rating of any of the Partnership’s debt securities or preferred stocksecurities.

Appears in 2 contracts

Samples: Underwriting Agreement (Green Plains Partners LP), Underwriting Agreement (Green Plains Partners LP)

No Downgrading. Subsequent to the execution and delivery of this Agreement, to the extent applicable, Agreement (i) no downgrading shall have occurred in the rating accorded the Partnership’s Partnership Parties’ debt securities or preferred stock by any “nationally recognized statistical rating organization” (as that term is defined by the Commission for purposes of Rule 436(g)(2) under of the Securities ActRules and Regulations), and (ii) no such organization shall have publicly announced that it has under surveillance or review, with possible negative implications, its rating of any of the Partnership’s Partnership Parties’ debt securities or preferred stock.

Appears in 1 contract

Samples: Underwriting Agreement (Summit Midstream Partners, LP)

No Downgrading. Subsequent to the execution and delivery of this Agreement, to the extent applicable, (i) no downgrading shall have occurred in the rating accorded the PartnershipCompany’s or any of its subsidiaries’ debt securities or preferred stock by any “nationally recognized statistical rating organization” (as that term is defined by used in Section 3(a)(62) of the Commission for purposes of Rule 436(g)(2) under the Securities Exchange Act), and (ii) no such organization shall have publicly announced that it has under surveillance or review, with possible negative implications, its rating of the Company’s or any of the Partnership’s its subsidiaries’ debt securities or preferred stocksecurities.

Appears in 1 contract

Samples: Underwriting Agreement (SemGroup Corp)

No Downgrading. Subsequent to the execution and delivery of this Agreement, to the extent applicable, Agreement (i) no downgrading shall have occurred in the rating accorded the PartnershipCompany’s debt securities or preferred stock by any “nationally recognized statistical rating organization” (as that term is defined by the Commission for purposes of Rule 436(g)(2Section 3(a)(62) under of the Securities Exchange Act), and (ii) no such organization shall have publicly announced that it has under surveillance or review, with possible negative implications, its rating of any of the PartnershipCompany’s debt securities or preferred stock.

Appears in 1 contract

Samples: Underwriting Agreement (PNM Resources Inc)

No Downgrading. Subsequent to the execution and delivery of this Agreement, to the extent applicable, Agreement (i) no downgrading shall have occurred in the rating accorded the Partnership’s Partnership Parties’ debt securities or preferred stock by any “nationally recognized statistical rating organization” (as that term is defined by the Commission for purposes of Rule 436(g)(2Section 3(a)(62) under of the Securities Exchange Act), and (ii) no such organization shall have publicly announced that it has under surveillance or review, with possible negative implications, its rating of any of the Partnership’s Partnership Parties’ debt securities or preferred stock.

Appears in 1 contract

Samples: Underwriting Agreement (Summit Midstream Partners, LP)

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No Downgrading. Subsequent to the execution and delivery of this Agreement, to the extent applicable, Agreement (i) no downgrading shall have occurred in the rating accorded the Partnership’s debt securities or preferred stock by any “nationally recognized statistical rating organization” (as that term is defined by the Commission for purposes of Rule 436(g)(2) under of the Securities ActRules and Regulations), and (ii) no such organization shall have publicly announced that it has under surveillance or review, with possible negative implications, its rating of any of the Partnership’s debt securities or preferred stock.

Appears in 1 contract

Samples: Underwriting Agreement (Summit Midstream Partners, LP)

No Downgrading. Subsequent to the execution and delivery of this Agreement, to the extent applicable, (i) no downgrading shall have occurred in the rating accorded the Partnership’s debt securities or preferred stock by any “nationally recognized statistical rating organization” (as that term is defined by the Commission for purposes in Section 3(a)(62) of Rule 436(g)(2) under the Securities Exchange Act), and (ii) no such organization shall have publicly announced that it has under surveillance or review, with possible negative implications, its rating of any of the Partnership’s debt securities or preferred stock.

Appears in 1 contract

Samples: Underwriting Agreement (Tallgrass Energy Partners, LP)

No Downgrading. Subsequent to the execution and delivery of this Agreement, to the extent applicable, applicable (i) no downgrading shall have occurred in the rating accorded to the Partnership’s debt securities or preferred stock equity by any “nationally recognized statistical rating organization” (as that term is defined by the Commission for purposes of Rule 436(g)(2) under the Securities Act), and (ii) no such organization shall have publicly announced that it has under surveillance or review, with possible negative implications, its rating of any of the Partnership’s debt securities or preferred stockequity.

Appears in 1 contract

Samples: Underwriting Agreement (Westlake Chemical Partners LP)

No Downgrading. Subsequent to the execution and delivery of this Agreement, to the extent applicable, (i) no downgrading shall have occurred in the rating accorded the Partnership’s debt securities or preferred stock by any “nationally recognized statistical rating organization” (as that term is defined by the Commission for purposes of Rule 436(g)(2) under the Securities Act), and (ii) no such organization shall have publicly announced that it has under surveillance or review, with possible negative implications, its rating of any of the Partnership’s debt securities or preferred stocksecurities.

Appears in 1 contract

Samples: Underwriting Agreement (Rose Rock Midstream, L.P.)

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