Notice of Ratings Change. The Borrower shall, no later than fifteen Business Days after any Executive Officer obtains knowledge of any such change, give notice to the Agent (which may be by telephone, followed promptly by written notice transmitted by facsimile with a hard copy sent promptly thereafter) of any change (either expressly or pursuant to a letter from S&P or Moody's stating an "implied" rating) in rating by S&P or Moody's in rxxxxxx of the Borrower's senior unsecured non-credit enhaxxxx xxng-term debt, together with the details thereof, and of any announcement by S&P or Moody's that its rating in respect of such senior unsecured non-credix xxxxxced long-term debt is "under review" or that any such debt rating has been placed on a "CreditWatch List"r or "watch list" or that any similar action has been taken by S&P or Moody's.
Notice of Ratings Change. The Originator shall promptly notify the Buyer if the Originator's commercial paper, long term debt securities or any other securities become rated by a nationally recognized rating agency or agencies and, in such event, the Originator shall thereafter give the Buyer prompt notice of any change in the ratings of the Originator's commercial paper, long term debt securities or other securities by such rating agency or agencies.
Notice of Ratings Change. Section 7.02 is amended by (a) deleting the word “and” after clause (d); (b) re-lettering the existing clause (e) to be clause (f); and (c) inserting the following new clause (e) in appropriate sequence:
Notice of Ratings Change. Upon the occurrence of a decline below the Alternate Investor Rating Criteria or withdrawal of its short-term debt rating by any Rating Agency, each Alternate Investor shall give prompt written notice of such change or withdrawal to the Agent, who shall then promptly inform each other Alternate Investor, the Servicer and the Seller.
Notice of Ratings Change. Lexmark shall promptly notify the Administrative Agent if Lexmark's commercial paper, long term debt securities or any other securities become rated by a nationally recognized rating agency or agencies and, in such event, Lexmark shall thereafter give the Administrative Agent prompt notice of any change in the ratings of Lexmark's commercial paper, long term debt securities or other securities by such rating agency or agencies.
Notice of Ratings Change. The Company will promptly notify the Administrative Agent (which shall promptly notify each Lender) after any change in the rating of the Company's senior, unsecured non-credit-enhanced long term debt by Xxxxx'x or S&P.
Notice of Ratings Change. Upon becoming aware of (i) any change in the rating assigned to the Program or the Notes by S&P or Xxxxx’x or any successor nationally recognized statistical rating organization referred to below, (ii) the public announcement by S&P or Xxxxx’x or any successor nationally recognized statistical rating organization that it has under surveillance or review its rating of the Program or the Notes or (iii) the withdrawal by S&P or Xxxxx’x or any successor nationally recognized statistical rating organization of its rating of the Program or the Notes, the Company shall promptly inform the Agents thereof. Furthermore, in the event that S&P or Moody’s no longer rates the Program or the Notes for any reason, the Company agrees to use its reasonable efforts to substitute an additional nationally recognized statistical rating organization to rate the Program and the Notes and shall promptly inform the Agents of such rating. As of the date of this Agreement, the senior notes with a tenor of less than one year are rated “A-1” by Standard & Poor’s Ratings Service, the senior notes with a tenor of one year or more are rated Aa2 by Xxxxx’x Investors Service, Inc. and “A+” by Standard & Poor’s Ratings Service, the dated subordinated notes are rated “Aa3” by Xxxxx’x Investors Service, Inc. and “A” by Standard & Poor’s Ratings Service and the undated subordinated notes are rated “Aa3” by Xxxxx’x Investors Service, Inc. and “A-” by Standard & Poor’s Ratings Service.
Notice of Ratings Change. The Originator shall give the Buyer prompt notice of any change in the ratings of the Originator's commercial paper or long term debt securities by Mxxxx'x or S&P.
