Common use of Redemption, Dividends and Distributions Clause in Contracts

Redemption, Dividends and Distributions. At any time (1) each of the Company’s Xxxxx’x and S&P rating have been downgraded below Investment Grade, or (2) either of the Company’s Xxxxx’x or S&P rating has been downgraded by at least two categories below Investment Grade:

Appears in 2 contracts

Samples: Security Agreement (Whole Foods Market Inc), Security Agreement (Whole Foods Market Inc)

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Redemption, Dividends and Distributions. At any time (1) each of the Company’s Xxxxx’x 's Xxxxx'x and S&P rating have been downgraded below Investment Grade, or (2) either of the Company’s Xxxxx’x 's Xxxxx'x or S&P rating has been downgraded by at least two categories below Investment Grade:

Appears in 2 contracts

Samples: Million Revolving Credit Agreement (Whole Foods Market Inc), Million Term Loan Agreement (Whole Foods Market Inc)

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