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 to the Partnership’s debt securities by any “nationally recognized statistical rating organization” (as that term is defined in Section 3(a)(62) of the 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.

Appears in 2 contracts

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

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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 in Section 3(a)(62by the Commission for purposes of Rule 436(g)(2) of under the Exchange 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 securitiessecurities or preferred stock.

Appears in 2 contracts

Samples: Underwriting Agreement (Summit Midstream Partners, LP), Underwriting Agreement (Summit Midstream 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 by any “nationally recognized statistical rating organization” (as that term is defined in Section 3(a)(62by the Commission for purposes of Rule 436(g)(2) of under the Exchange 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.

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 applicable, (i) no downgrading shall have occurred in the rating accorded to the Partnership’s debt securities by any “nationally recognized statistical rating organization” (as that term is defined used in Section 3(a)(62) 15E of the 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.

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 Agreement (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 in Section 3(a)(62by the Commission for purposes of Rule 436(g)(2) of the Exchange 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 securitiessecurities 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 applicable, (i) no downgrading shall have occurred in the rating accorded to the Partnership’s debt securities by any “nationally recognized statistical rating organization” (as that term is defined in Section 3(a)(62by the Commission for purposes of Rule 436(g)(2) of under the Exchange 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.

Appears in 1 contract

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

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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 equity by any “nationally recognized statistical rating organization” (as that term is defined in Section 3(a)(62by the Commission for purposes of Rule 436(g)(2) of under the Exchange 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 securitiessecurities or preferred equity.

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 Agreement (i) no downgrading shall have occurred in the rating accorded to the Partnership’s Partnership Parties’ debt securities or preferred stock by any “nationally recognized statistical rating organization” (as that term is defined in by the Commission for purposes of Section 3(a)(62) of the 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 securitiessecurities 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 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 in Section 3(a)(62) of the 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 securitiessecurities or preferred stock.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Tallgrass Energy Partners, LP)

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