Common use of Notice of Change in Debt Rating Clause in Contracts

Notice of Change in Debt Rating. Within two (2) Business Days after Standard & Poor's or Xxxxx'x announces a change in Hovnanian's Debt Rating, notice of such change. Hovnanian will deliver together with such notice a copy of any written notification which Hovnanian received from the applicable rating agency regarding such change of Debt Rating.

Appears in 5 contracts

Samples: Revolving Credit Facility (Hovnanian Enterprises Inc), Term Loan Facility (Hovnanian Enterprises Inc), Credit Agreement (Hovnanian Enterprises Inc)

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Notice of Change in Debt Rating. Within two (2) Business Days after Standard & Poor's ’s, Xxxxx’x or Xxxxx'x Fitch announces a change in Hovnanian's ’s Debt Rating, notice of such change. Hovnanian will deliver together with such notice a copy of any written notification which Hovnanian received from the applicable rating agency regarding such change of Debt Rating.

Appears in 2 contracts

Samples: Revolving Credit Facility (Hovnanian Enterprises Inc), Revolving Credit Facility (Hovnanian Enterprises Inc)

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Notice of Change in Debt Rating. Within two (2) Business Days after Standard & Poor's 's, Xxxxx'x or Xxxxx'x Fitch announces a change in Hovnanian's Debt Rating, notice of such change. Hovnanian will deliver together with such notice a copy of any written notification which Hovnanian received from the applicable rating agency regarding such change of Debt Rating.

Appears in 1 contract

Samples: Revolving Credit Facility (Hovnanian Enterprises Inc)

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