Common use of No Ratings Downgrade Clause in Contracts

No Ratings Downgrade. On or after the Applicable Time, (i) no downgrading shall have occurred in the rating accorded the Company’s debt securities or preferred stock by any “nationally recognized statistical rating organization,” as that term is defined by the Commission for purposes of Section 3(a)(62) under 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 Company’s debt securities or preferred stock.

No Ratings Downgrade. On or after the Applicable Time, (i) no downgrading shall have occurred in the rating accorded the Company’s debt securities or preferred stock by any “nationally recognized statistical rating organization,” as that term is defined by the Commission for purposes of Section 3(a)(62Rule 436(g)(2) under 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 Company’s debt securities or preferred stock.

No Ratings Downgrade. On or after the Applicable Time, (i) no downgrading shall have occurred in the rating accorded the Company’s debt securities or preferred stock by any “nationally recognized statistical rating organization,” as that term is defined by the Commission for purposes of Section 3(a)(62Rule 436(g)(2) under 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 Company’s debt securities or preferred stocksecurities.

No Ratings Downgrade. On or after During the Applicable Timeperiod from the Execution Time to and including the Closing Date, (i) no downgrading there shall not have occurred a downgrading in the rating accorded assigned to the Securities or any of the Company’s debt securities or preferred stock commercial paper by any “nationally recognized statistical rating organizationagency,” as that term is defined by the Commission for purposes of in Section 3(a)(62) under of the Exchange Act, and (ii) no such organization securities rating agency shall have publicly announced that it has under surveillance or review, with possible negative implications, its rating of the Securities or any of the Company’s debt securities or preferred stocksecurities.

No Ratings Downgrade. On or after During the Applicable Timeperiod from the Execution Time to and including the Closing Date and any Additional Closing Date, (i) no downgrading there shall not have occurred a downgrading in the rating accorded assigned to any of the Company’s debt securities or preferred stock commercial paper by any “nationally recognized statistical rating organizationagency,” as that term is defined by the Commission for purposes of in Section 3(a)(62) under of the Exchange Act, and (ii) no such organization securities rating agency shall have publicly announced that it has under surveillance or review, with possible negative implications, its rating of any of the Company’s debt securities or preferred stocksecurities.

No Ratings Downgrade. On or after the Applicable Time, Time (i) no downgrading shall have occurred in the rating accorded the Company’s debt securities or preferred stock by any “nationally recognized statistical rating organization,” as that term is defined by the Commission for purposes of Section 3(a)(62Rule 436(g)(2) under 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 Company’s debt securities or preferred stocksecurities.

No Ratings Downgrade. On or after the Applicable Time, (i) no downgrading shall have occurred in the rating accorded the Company’s debt securities or preferred stock by any “nationally recognized statistical rating organization,” ”, as that term is defined by the Commission for purposes of Section 3(a)(62Rule 436(g)(2) under 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 Company’s debt securities or preferred stock.