Post-Closing Rating. Section 5.41Section 5.40
Post-Closing Rating. If requested by the Administrative Agent in connection with the Lenders’ syndication of the Loans, the Borrower shall use its commercially reasonable efforts to obtain a long-term credit rating of the Borrower by S&P.
Post-Closing Rating. (a) The Borrower, with the cooperation of the Administrative Agent, shall endeavor to obtain a rating from S&P of the Loans of at least “A (sf)” on or prior to the six-month anniversary of the Closing Date and the Borrower and Lenders agree to amend this Agreement and the other Loan Documents as reasonably necessary to obtain such rating. In the event that on or after the three-month anniversary of the Closing Date, the Administrative Agent does not have a reasonable expectation that such rating will be obtained by the six-month anniversary of the Closing Date, the Administrative Agent will notify the Borrower. The Borrower will thereafter have the right to obtain an equivalent rating from Fitch or DBRS and the Majority Lenders and the Administrative Agent will cooperate with the Borrower in order to obtain such equivalent rating from Fitch or DBRS, including by amending this Agreement and the other Loan Documents to the extent reasonably necessary to obtain such equivalent rating. The Majority Lenders and the Administrative Agent will not unreasonably withhold consent to any amendments required by any Rating Agency in order to obtain such a rating.
