Common use of Ratings Letters Clause in Contracts

Ratings Letters. Subsequent to the execution and delivery of this Agreement and prior to Closing Time, there shall not have occurred any downgrading, nor shall any notice have been given of (i) any intended or potential downgrading or (ii) any review or possible change that indicates anything other than a stable outlook, in the rating accorded any securities of or guaranteed by the Fund by any "nationally recognized statistical rating organization," as such term is defined for purposes of Rule 436(g)(2) under the 1933 Act; and prior to Closing Time, S&P and Moody's shall have confirmed by letter that the Shares have been rated AAA and Aaa, respectively, by such agencies.

Ratings Letters. Subsequent to the execution and delivery of this Agreement and prior to Closing Time, there shall not have occurred any downgrading, nor shall any notice have been given of (i) any intended or potential downgrading or (ii) any review or possible change that indicates anything other than a stable outlook, in the rating accorded any securities of or guaranteed by the Fund by any "nationally recognized statistical rating organization," as such term is defined for purposes of Rule 436(g)(2) under the 1933 Act; and prior to at Closing Time, S&P and Moody's shall have confirmed by letter that the Shares have been rated AAA and Aaa, respectively, by such agencies.

Ratings Letters. Subsequent to the execution and delivery of this Agreement and prior to Closing Time, there shall not have occurred any downgrading, nor shall any notice have been given of (i) any intended or potential downgrading or (ii) any review or possible change that indicates anything other than a stable outlook, in the rating accorded any securities of or guaranteed by the Fund by any "nationally recognized statistical rating organization," as such term is defined for purposes of Rule 436(g)(2) under the 1933 Act; and prior to Closing Time, S&P and Moody's shall have confirmed by letter that the Shares have been rated xxxxx AAA and Aaa, respectively, by such agencies.

Ratings Letters. Subsequent to the execution and delivery of this Agreement and prior to Closing Time, there shall not have occurred any downgrading, nor shall any notice have been given of (i) any intended or potential downgrading or (ii) any review or possible change that indicates anything other than a stable outlook, in the rating accorded any securities of or guaranteed by the Fund by any "nationally recognized statistical rating organization," as such term is defined for purposes of Rule 436(g)(2) under the 1933 Act; and prior to at Closing Time, S&P and Moody's shall have confirmed by letter that the Shares have been rated xxxxx AAA and Aaa, respectively, by such agencies.

Ratings Letters. Subsequent to the execution and delivery of this Agreement and prior to Closing Time, there shall not have occurred any downgrading, nor shall any notice have been given of (i) any intended or potential downgrading or (ii) any review or possible change that indicates anything other than a stable outlook, in the rating accorded any securities of or guaranteed by the Fund by any "nationally recognized statistical rating organization," as such term is defined for purposes of Rule 436(g)(2) under the 1933 Act; and prior to at Closing Time, S&P and Moody's shall have confirmed by letter that the Shares have been rated AAA xxxxx XAA and Aaa, respectively, by such agencies.