Rating Requirement. The Securities shall have credit ratings and outlooks from Xxxxx’x Investors Service Inc. (“Moody’s”), Standard & Poor’s (“S&P”) and Fitch, Inc. (“Fitch”) at the Closing Time that are the same as or better than the respective ratings and outlooks set forth in the Pricing Term Sheet filed with the Commission on the date hereof, and the Company shall have delivered to the Representatives a letter, dated the Closing Time, from each such rating agency, or other evidence satisfactory to the Representatives, confirming that the Securities have such ratings.
Rating Requirement. At the date of this Agreement and at the Closing Time, the Securities shall be rated at least “Baa1” by Moody’s Investor’s Service Inc. (“Moody’s”), “BBB” by Standard & Poor’s (“S&P”) and “BBB+” by Fitch, Inc. (“Fitch”), and the Company shall have delivered to the Representatives a letter, dated the Closing Time, from each such rating agency, or other evidence satisfactory to the Representatives, confirming that the Securities have such ratings.
Rating Requirement. At the date of this Agreement and at the Closing Time, the Securities shall be rated at least Baa3 by Moody's Investor's Service Inc., BBB- by Standard & Poor's Corporation and BBB by Duff & Xxxxxx, and the Company shall have delivered to the Representatives a letter, dated the Closing Time, from each such rating agency, or other evidence satisfactory to the Representatives, confirming that the Securities have such ratings.
Rating Requirement. At such Date of Delivery, the Securities shall have been rated at least "ba1" by Xxxxx'x, at least "BB+" by S&P and at least "BBB-" by D&P.
Rating Requirement. At the date of this Agreement and at the Closing Time, the Securities shall be rated at least "ba1" by Xxxxx'x Investor's Service Inc. ("Xxxxx'x"), "BB+" by Standard & Poor's Corporation ("S&P") and "BBB-" by Duff & Xxxxxx ("D&P"), and the Company shall have delivered to the Representative a letter, dated the Closing Time, from each such rating agency, or other evidence satisfactory to the Representative, confirming that the Securities have such ratings.
Rating Requirement. Each Holder of the Class A-R Notes shall be required to satisfy the Rating Requirement during the Class A-R Commitment Period. If any Holder of Class A-R Notes or, if such Holder satisfies the Rating Requirements pursuant to clause (b) of the definition of "Rating Requirement" with respect to its guarantor, such guarantor, fails to satisfy the Rating Requirement during the Class A-R Commitment Period, such Holder or guarantor shall be required (i) within 30 Business Days, to fully fund a Borrowing in the amount of such Class A-R Note Holder's pro rata share of the Aggregate Undrawn Amount to be deposited in a Class A-R Rating Requirement Funding Subaccount in accordance with the provisions set forth in Section 10.3(i) and (ii) to provide written notice to Mxxxx'x of such failure. If within 30 Business Days after a Ratings Trigger Event (unless such Holder or guarantor satisfies the Rating Requirement within 30 days of such failure), such Holder or guarantor has failed to (i) transfer all of its rights and obligations in respect of its Class A-R Notes to a purchaser that satisfies the Rating Requirement and that is eligible to purchase such Notes under the terms hereof and the Class A-R Note Purchase Agreement, as applicable, (ii) provide an unconditional guarantee (which complies with the then-current Mxxxx'x and S&P criteria) of its commitments under the Class A-R Note Purchase Agreement to which it is a party from an institution satisfying the Rating Requirement or (iii) fund the Borrowing or cause to be funded the Borrowing referred to above, the Issuer shall have the right under the Class A-R Note Purchase Agreement, and shall be obligated to use reasonable efforts to replace such Holder or guarantor (at the cost of such Holder) with another entity that meets the Rating Requirement (by requiring the replaced Holder or guarantor to transfer all of its rights and obligations in respect of such Notes to the transferee entity).
Rating Requirement. (a) The Company will at all times maintain a credit rating from an Acceptable Rating Agency on (1) its unsecured and unenhanced general obligation debt (such rating, a “Corporate Credit Rating”) or (2) at least one series of its first mortgage bonds issued and outstanding under the Mortgage Indenture, which series of first mortgage bonds shall be secured equally and ratably with the Series 2023A Bonds but not have the benefit of any credit enhancement (herein, the “Rated First Mortgage Bonds”). If at any time the Company does not have a Corporate Credit Rating or Rated First Mortgage Bonds outstanding, then the Company shall, within six months from the first date that it does not have either a Corporate Credit Rating or Rated Mortgage Bonds outstanding, get a credit rating of the Series 2023A Bonds from an Acceptable Rating Agency (herein, the “Rated Series 2023A Bonds” and, together with the Rated First Mortgage Bonds, the “Rated Bonds”) and shall at all times maintain a credit rating on the Series 2023A Bonds for so long as any Series 2023A Bonds are outstanding.
(b) At any time that the credit rating for the Rated Bonds maintained pursuant to clause (a)(2) above is not a public rating, the Company will provide to each holder of a Series 2023A Bond (1) at least annually (on or before each anniversary of the date of the Closing) and (2) promptly upon any change in such credit rating for the Rated Bonds, an updated Private Rating Letter evidencing such credit rating for the Rated Bonds and an updated Private Rating Rationale Report with respect to such credit rating for the Rated Bonds. In addition to the foregoing information and any information specifically required to be included in any Private Rating Letter or Private Rating Rationale Report (as set forth in the respective definitions thereof), if the SVO or any other Governmental Authority having jurisdiction over any holder of any Series 2023A Bond from time to time requires any additional information with respect to the credit rating for the Rated Bonds, the Company shall use commercially reasonable efforts to procure such information from the Acceptable Rating Agency.
Rating Requirement. 19 (I) ARTICLES SUPPLEMENTARY.........................................................................20 (J) CONDITIONS TO PURCHASE OF OPTION SECURITIES....................................................20 (K)
Rating Requirement. 19 (h) FOURTH AMENDMENT TO ACQUISITION CREDIT AGREEMENT.. . . 19 (i)
Rating Requirement. 19 (h) Letter Regarding Compliance with the Acquisition Credit Agreement............................................. 19 (i) Approval of Listing.................................... 20 (j)
