Common use of Ratings Information Clause in Contracts

Ratings Information. The Borrower shall, no later than one (1) Business Day after Holdings or the Borrower obtains knowledge of any such change, give notice to the Administrative Agent (by telephone, followed promptly by written notice) of any change (either expressly or pursuant to a letter from S&P or Xxxxx’x stating an “implied” rating, excluding in all cases any private indicative ratings that Holdings or the Borrower may request from time to time from Xxxxx’x or S&P) in Holdings’ corporate rating by Xxxxx’x or S&P, together with details thereof, and of any announcement by S&P or Xxxxx’x that its rating in respect of Holdings is “under review” or that any such rating has been placed on a “Credit Watch List”(R) or “watch list” or that any similar action has been taken by S&P or Xxxxx’x.

Appears in 5 contracts

Samples: Guarantee and Collateral Agreement (SWIFT TRANSPORTATION Co), Credit Agreement (SWIFT TRANSPORTATION Co), Credit Agreement (SWIFT TRANSPORTATION Co)

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Ratings Information. The Borrower Borrowers shall, no later than one (1) Business Day after Holdings or the either Borrower obtains knowledge of any such change, give notice to the Administrative Agent (by telephone, followed promptly by written notice) of any change (either expressly or pursuant to a letter from S&P or Xxxxx’x stating an “implied” rating, excluding in all cases any private indicative ratings that Holdings or the Borrower Borrowers may request from time to time from Xxxxx’x or S&P) in Holdings’ corporate rating by Xxxxx’x or S&P, together with details thereof, and of any announcement by S&P or Xxxxx’x that its rating in respect of Holdings is “under review” or that any such rating has been placed on a “Credit Watch List”(R) List”® or “watch list” or that any similar action has been taken by S&P or Xxxxx’x.

Appears in 2 contracts

Samples: Credit Agreement (Swift Holdings Corp.), Credit Agreement (Swift Holdings Corp.)

Ratings Information. The Borrower Borrowers shall, no later than one (1) Business Day after Holdings or the either Borrower obtains knowledge of any such change, give notice to the Administrative Agent (by telephone, followed promptly by written notice) of any change (either expressly or pursuant to a letter from S&P or Xxxxx’x Xxxxx'x stating an "implied" rating, excluding in all cases any private indicative ratings that Holdings or the Borrower Borrowers may request from time to time from Xxxxx’x Xxxxx'x or S&P) in Holdings' corporate rating by Xxxxx’x Xxxxx'x or S&P, together with details thereof, and of any announcement by S&P or Xxxxx’x Xxxxx'x that its rating in respect of Holdings is "under review" or that any such rating has been placed on a "Credit Watch List”(RList"(R) or "watch list" or that any similar action has been taken by S&P or Xxxxx’xXxxxx'x.

Appears in 2 contracts

Samples: Credit Agreement (Swift Transportation Co Inc), Credit Agreement (Swift Transportation Co Inc)

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Ratings Information. The Borrower shall, no later than one (1) Business Day after Holdings or the Borrower obtains knowledge of any such change, give notice to the Administrative Agent (by telephone, followed promptly by written notice) of any change (either expressly or pursuant to a letter from S&P or Xxxxx’x stating an “implied” rating, excluding in all cases any private indicative ratings that Holdings or the Borrower may request from time to time from Xxxxx’x or S&P) in Holdings’ corporate rating by Xxxxx’x or S&P, together with details thereof, and of any announcement by S&P or Xxxxx’x that its rating in respect of Holdings is “under review” or that any such rating has been placed on a “Credit Watch List”(RList” (R) or “watch list” or that any similar action has been taken by S&P or Xxxxx’x.

Appears in 1 contract

Samples: Credit Agreement (SWIFT TRANSPORTATION Co)

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