Common use of or otherwise Clause in Contracts

or otherwise. The Borrower hereby agrees that at all times it shall maintain a Rating from either S&P or Moody’s. If a Rating is supplied by only one of S&P and Moody’s, then that single Rating shall be determinative. In the case of split Ratings from S&P and Moody’s, the Rating to be used to determine which Category applies shall be the higher of the two Ratings; provided that if the split is more than one full Category, the Category that is one below that applicable to the higher Rating shall be used (e.g. BBB+/Baa3 results in Category 3 and A-/Baa3 in Category 2). If no Ratings shall be in effect, then the applicable Category shall be Category 5. For purposes of the Pricing Grid, “Basis Point” shall mean 1/100th of 1%.

or otherwise. The Borrower hereby agrees that at all times it shall maintain a Rating from either S&P or Moody’s. If a Rating is supplied by only one of S&P and Moody’s, then that single Rating shall be determinative. In the case of split Ratings from S&P and Moody’s, the Rating to be used to determine which Category applies shall be the higher of the two Ratings; provided that if the split is more than one full Category, the Category that is one below that applicable to the higher Rating shall be used (e.g. e.g., BBB+/Baa3 results in Category 3 and A-/Baa3 in Category 2). If no Ratings shall be in effect, then the applicable Category shall be Category 5. For purposes of the Pricing Grid, “Basis Point” shall mean 1/100th of 1%.

or otherwise. The Borrower hereby agrees that at all times it shall maintain a Rating from either S&P or Moody’sXxxxx’x. If a Rating is supplied by only one of S&P and Moody’sXxxxx’x, then that single Rating shall be determinative. In the case of split Ratings from S&P and Moody’sXxxxx’x, the Rating to be used to determine which Category applies shall be the higher of the two Ratings; provided that if the split is more than one full Category, the Category that is one below that applicable to the higher Rating shall be used (e.g. BBB+/Baa3 results in Category 3 and A-/Baa3 in Category 2). If no Ratings shall be in effect, then the applicable Category shall be Category 5. For purposes of the Pricing Grid, “Basis Point” shall mean 1/100th of 1%.

or otherwise. The Borrower hereby agrees that at all times it shall maintain a Rating from either S&P or Moody’sXxxxx’x. If a Rating is supplied by only one of S&P and Moody’sXxxxx’x, then that single Rating shall be determinative. In the case of split Ratings from S&P and Moody’sXxxxx’x, the Rating to be used to determine which Category applies shall be the higher of the two Ratings; provided that if the split is more than one full Category, the Category that is one below that applicable to the higher Rating shall be used (e.g. e.g., BBB+/Baa3 results in Category 3 and A-/Baa3 in Category 2). If no Ratings shall be in effect, then the applicable Category shall be Category 5. For purposes of the Pricing Grid, “Basis Point” shall mean 1/100th of 1%.