Common use of Rating Clause in Contracts

Rating. Exercise commercially reasonable efforts to obtain and to maintain (a) public ratings (but not to obtain a specific rating) from Xxxxx’x and S&P for the Term B Loans and (b) public corporate credit ratings and corporate family ratings (but, in each case, not to obtain a specific rating) from Xxxxx’x and S&P in respect of the Borrower.

Appears in 18 contracts

Samples: Credit Agreement (SeaWorld Entertainment, Inc.), Incremental Assumption and Amendment Agreement (PlayAGS, Inc.), Security Agreement (SeaWorld Entertainment, Inc.)

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Rating. Exercise commercially reasonable efforts to obtain and to maintain (a) public ratings (but not to obtain a specific rating) from Xxxxx’x and S&P for the Term B B-1 Loans and (b) public corporate credit ratings and corporate family ratings (but, in each case, not to obtain a specific rating) from Xxxxx’x and S&P in respect of the Borrower.

Appears in 9 contracts

Samples: Incremental Assumption and Amendment Agreement (ADT Inc.), Incremental Assumption and Amendment Agreement (ADT Inc.), Incremental Assumption and Amendment Agreement (ADT Inc.)

Rating. Exercise commercially reasonable efforts to obtain and to maintain (a) public ratings (but not to obtain a specific rating) from each of Xxxxx’x and S&P for the Term B Loans and (b) public corporate credit ratings and corporate family ratings (but, in each case, not to obtain a specific rating) from Xxxxx’x and S&P in respect of the BorrowerLoans.

Appears in 5 contracts

Samples: First Lien Credit Agreement (Exela Technologies, Inc.), Credit Agreement, First Lien Credit Agreement (Exela Technologies, Inc.)

Rating. Exercise commercially reasonable efforts to obtain and to maintain (a) public ratings (but not to obtain a specific rating) from Xxxxx’x Mxxxx’x and S&P for the Term B Loans and (b) public corporate credit ratings and corporate family ratings (but, in each case, not to obtain a specific rating) from Xxxxx’x Mxxxx’x and S&P in respect of the Borrower.

Appears in 3 contracts

Samples: Credit Agreement (SeaWorld Entertainment, Inc.), Credit Agreement (Dave & Buster's Entertainment, Inc.), First Lien Credit Agreement (Hostess Brands, Inc.)

Rating. Exercise commercially reasonable efforts to obtain and to maintain (a) public ratings (but not to obtain a specific rating) from Xxxxx’x and S&P for the Term B Loans and (b) public corporate credit ratings and corporate family ratings (but, in each case, not to obtain a specific rating) from Xxxxx’x and S&P in respect of the Borrower.

Appears in 3 contracts

Samples: Credit Agreement (Playtika Holding Corp.), Intercreditor Agreement (CAESARS ENTERTAINMENT Corp), Credit Agreement (Caesars Acquisition Co)

Rating. Exercise commercially reasonable efforts to obtain and to maintain (a) public ratings (but not to obtain a specific rating) from Xxxxx’x and S&P for the Term B Loans and (b) public corporate credit ratings and corporate family ratings (but, in each case, not to obtain a specific rating) from Xxxxx’x and S&P in respect of the BorrowerHoldings.

Appears in 2 contracts

Samples: Joinder Agreement (Presidio, Inc.), Credit Agreement (Presidio, Inc.)

Rating. Exercise commercially reasonable efforts to obtain and to maintain (a) public ratings (but not to obtain a specific rating) from Xxxxx’x Mxxxx’x and S&P for the Term B B-1 Loans and (b) public corporate credit ratings and corporate family ratings (but, in each case, not to obtain a specific rating) from Xxxxx’x Mxxxx’x and S&P in respect of the Borrower.

Appears in 2 contracts

Samples: Incremental Assumption and Amendment Agreement (ADT Inc.), Incremental Assumption and Amendment Agreement (ADT Inc.)

Rating. Exercise commercially reasonable efforts to obtain and to maintain (a) public ratings (but not to obtain a specific rating) from Xxxxx’x Mxxxx’x and S&P for the 20232024 Refinancing Term B Loans and (b) public corporate credit ratings and corporate family ratings (but, in each case, not to obtain a specific rating) from Xxxxx’x Mxxxx’x and S&P in respect of the Borrower.

Appears in 1 contract

Samples: Credit Agreement (Dave & Buster's Entertainment, Inc.)

Rating. Exercise commercially reasonable efforts to obtain and to maintain (a) public ratings (but not to obtain a specific rating) from Xxxxx’x and S&P for the Term B Loans and the Term B-1 Loans and (b) public corporate credit ratings and corporate family ratings (but, in each case, not to obtain a specific rating) from Xxxxx’x and S&P in respect of the BorrowerBorrowers.

Appears in 1 contract

Samples: Credit Agreement (Caesars Entertainment, Inc.)

Rating. Exercise commercially reasonable efforts to obtain and to maintain (a) public ratings (but not to obtain a specific rating) from Xxxxx’x and S&P for the Term B Loans and (b) public corporate credit ratings and corporate family ratings (but, in each case, not to obtain a specific rating) from Xxxxx’x and S&P in respect of the BorrowerBorrowers.

Appears in 1 contract

Samples: Credit Agreement (CAESARS ENTERTAINMENT Corp)

Rating. Exercise commercially reasonable efforts to obtain and to maintain (a) public ratings (but not to obtain a specific rating) from Xxxxx’x and S&P for the Term B B-1 Loans and (b) public corporate credit ratings and corporate family ratings (but, in each case, not to obtain a specific rating) from Xxxxx’x and S&P in respect of the Borrower.. Section 5.12

Appears in 1 contract

Samples: Credit Agreement (ADT Inc.)

Rating. Exercise commercially reasonable efforts to obtain and to maintain (a) public ratings (but not to obtain a specific rating) from Xxxxx’x and S&P for the 2023 Refinancing Term B Loans and (b) public corporate credit ratings and corporate family ratings (but, in each case, not to obtain a specific rating) from Xxxxx’x and S&P in respect of the Borrower.

Appears in 1 contract

Samples: Credit Agreement (Dave & Buster's Entertainment, Inc.)

Rating. Exercise commercially reasonable efforts to obtain and to maintain (a) public ratings (but not to obtain a specific rating) from Xxxxx’x Moody’s and S&P for the Term B Loans and (b) public corporate credit ratings and corporate family ratings (but, in each case, not to obtain a specific rating) from Xxxxx’x Moody’s and S&P in respect of the Borrower.

Appears in 1 contract

Samples: Credit Agreement (United Parks & Resorts Inc.)

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Rating. Exercise commercially reasonable efforts to obtain and to maintain (a) public ratings (but not to obtain a specific rating) from Xxxxx’x and S&P for the 2017 Term B Loans and the 2018 Incremental Term Loans and (b) public corporate credit ratings and corporate family ratings (but, in each case, not to obtain a specific rating) from Xxxxx’x and S&P in respect of the Lux Borrower.

Appears in 1 contract

Samples: Incremental Assumption Agreement (Mallinckrodt PLC)

Rating. Exercise commercially reasonable efforts to obtain and to maintain (a) public ratings (but not to obtain a specific rating) from Xxxxx’x and S&P for the Initial Term B Loans and (b) public corporate credit ratings and corporate family ratings (but, in each case, not to obtain a specific rating) from Xxxxx’x and S&P in respect of the Lux Borrower.

Appears in 1 contract

Samples: Credit Agreement (Mallinckrodt PLC)

Rating. Exercise commercially reasonable efforts to obtain and to maintain (a) public ratings (but not to obtain a specific rating) from Xxxxx’x and S&P for the Initial Term B Loans and (b) and public corporate credit ratings and corporate family ratings (but, in each case, not to obtain a specific rating) from Xxxxx’x and S&P in respect of the Lux Borrower.

Appears in 1 contract

Samples: Credit Agreement (Mallinckrodt PLC)

Rating. Exercise commercially reasonable efforts to obtain and to maintain (a) public ratings (but not to obtain a specific rating) from Xxxxx’x and S&P for the Term B BB-1 Loans and (b) public corporate credit ratings and corporate family ratings (but, in each case, not to obtain a specific rating) from Xxxxx’x and S&P in respect of the Borrower.

Appears in 1 contract

Samples: Credit Agreement (Playtika Holding Corp.)

Rating. Exercise commercially reasonable efforts to obtain and to maintain (a) public ratings (but not to obtain a specific rating) from Xxxxx’x Mxxxx’x and S&P for the 2024 Refinancing Term B Loans and (b) public corporate credit ratings and corporate family ratings (but, in each case, not to obtain a specific rating) from Xxxxx’x Mxxxx’x and S&P in respect of the BorrowerBorrower Agent.

Appears in 1 contract

Samples: Credit Agreement (Dave & Buster's Entertainment, Inc.)

Rating. Exercise commercially reasonable efforts to obtain and to maintain (a) public ratings (but not to obtain a specific rating) from Xxxxx’x and S&P for the Initial2017 Term B Loans [and Incremental Term B-1 Loans]2 and (b) public corporate credit ratings and corporate family ratings (but, in each case, not to obtain a specific rating) from Xxxxx’x and S&P in respect of the Lux Borrower.

Appears in 1 contract

Samples: Credit Agreement (Mallinckrodt PLC)

Rating. Exercise commercially reasonable efforts to obtain and to maintain (a) public ratings (but not to obtain a specific rating) from Xxxxx’x and S&P for the Term B Loans and (b) public corporate credit ratings and corporate family ratings (but, in each case, not to obtain a specific rating) from Xxxxx’x and S&P in respect of the Borrower.

Appears in 1 contract

Samples: Credit Agreement (United Parks & Resorts Inc.)

Rating. Exercise commercially reasonable efforts to obtain and to maintain (a) public ratings (but not to obtain a specific rating) from Xxxxx’x and S&P for the Term B Loans and (b) public corporate credit ratings and corporate family ratings (but, in each case, but not to obtain a specific ratingrating ) from Xxxxx’x and S&P in respect of the Borrower.

Appears in 1 contract

Samples: Joinder Agreement

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