Common use of Rating of Securities Clause in Contracts

Rating of Securities. The Company and the Guarantors shall take all commercially reasonable action necessary to enable Standard & Poor’s Rating Services, a division of The MxXxxx-Xxxx, Inc. Companies, and Mxxxx’x Investor Services, Inc. to provide their respective credit ratings to the Securities at or prior to the time of their initial issuance. The Initial Purchaser, may, in its sole discretion, waive in writing the performance by the Company of any one or more of the foregoing covenants or extend the time for their performance.

Appears in 1 contract

Samples: Purchase Agreement (Allis Chalmers Energy Inc.)

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Rating of Securities. The Company and the Guarantors shall take all commercially reasonable action necessary to enable Standard & Poor’s Rating Services, a division of The MxXxxx-Xxxx, Inc. Companies, and Mxxxx’x Investor Services, Inc. to provide their respective credit ratings to the Securities at or prior to the time of their initial issuance. The Initial PurchaserPurchasers, may, in its their sole discretion, waive in writing the performance by the Company of any one or more of the foregoing covenants or extend the time for their performance.

Appears in 1 contract

Samples: Purchase Agreement (Allis Chalmers Energy Inc.)

Rating of Securities. The Company and the Guarantors shall take all commercially reasonable action necessary to enable Standard & Poor’s Rating Services, a division of The MxXxxx-Xxxx, Inc. Companies, and Mxxxx’x Investor Services, Inc. to provide their respective credit ratings to the Securities at or prior to the time of their initial issuance. The RBC, on behalf of the several Initial PurchaserPurchasers, may, in its sole discretion, waive in writing the performance by the Company of any one or more of the foregoing covenants or extend the time for their performance.

Appears in 1 contract

Samples: Purchase Agreement (Allis Chalmers Energy Inc.)

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Rating of Securities. The Company and the Guarantors shall take all commercially reasonable action necessary to enable Standard & Poor’s Rating Services, a division of The MxXxxx-Xxxx, Inc. Companies, and Mxxxx’x Investor Services, Inc. to provide their respective credit ratings to the Securities at or prior to the time of their initial issuance. The Initial Purchaser, may, in its sole discretion, waive in writing the performance by the Company of any one or more of the foregoing covenants or extend the time for their performance.

Appears in 1 contract

Samples: Purchase Agreement (Geokinetics Inc)

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