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

Notice of Change in Debt Rating. Within two (2) Business Days after any of Standard & Poor’s Ratings Services, a division of The XxXxxx-Xxxx Companies, Inc., Xxxxx’x Investors Service, Inc. or Fitch Ratings Inc. announces a change in the rating of the Borrower’s senior unsecured long-term debt or long-term counterparty credit, notice of such change. The Borrower will deliver together with such notice a copy of any written notification which the Borrower received from the applicable rating agency regarding such change in such rating.

Appears in 2 contracts

Samples: Revolving Credit Facility (Federated Hermes, Inc.), Credit Agreement (Federated Investors Inc /Pa/)

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Notice of Change in Debt Rating. Within two (2) Business Days after any of Standard & Poor’s Ratings Services, a division of The XxXxxx-Xxxx Companies, Inc., Xxxxx’x Investors Service, Inc. 's or Fitch Ratings Inc. Xxxxx'x announces a change in the rating of the Borrower’s senior unsecured long-term debt or long-term counterparty creditDebt Rating, notice of such change. The Borrower Borrowing Agent will deliver together with such notice a copy of any written notification which the Borrower any Loan Party received from the applicable rating agency regarding such change in such ratingof Debt Rating.

Appears in 2 contracts

Samples: Revolving Credit Facility (Big Lots Inc), Credit Agreement (Big Lots Inc)

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Notice of Change in Debt Rating. Within two (2) Business Days after any of either Standard & Poor’s Ratings Services, a division of The XxXxxx-Xxxx Companies, Inc., or Xxxxx’x Investors Service, Inc. or Fitch Ratings Inc. announces a change in the rating of the Borrower’s senior unsecured long-term debt or long-term counterparty credit, notice of such change. The Borrower will deliver together with such notice a copy of any written notification which the Borrower received from the applicable rating agency regarding such change in such rating.

Appears in 2 contracts

Samples: Credit Agreement (Federated Investors Inc /Pa/), Credit Agreement (Federated Investors Inc /Pa/)

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