Common use of Rated Securities Clause in Contracts

Rated Securities. At the date of this Agreement and at the Closing Time (i) no downgrading shall have occurred in the rating accorded the Company’s debt securities by any “nationally recognized statistical rating organization” registered under Section 15E of the 1934 Act, and (ii) no such organization shall have publicly announced that it has under surveillance or review, with possible negative implications, its rating of any debt securities of the Company or its subsidiaries.