Senior Secured Leverage Ratio; Credit Ratings; Etc. On the Eleventh Amendment Release Date, (1) immediately after giving effect to the release from escrow of funds maintained pursuant to the Eleventh Amendment Escrow Agreement and any Revolving Loans or Swing Line Loans to be made on such date, the Senior Secured Leverage Ratio shall not be more than 0.50:1.00 higher than the Senior Secured Leverage Ratio immediately prior to giving effect thereto, (2) the Term Facilities shall be rated by both Xxxxx’x and S&P and such rating of the Term Facilities shall not have been downgraded as a result of, or in anticipation of, the Other Debt Refinancing, and (3) the Acquisition Agreement shall have been terminated.
Appears in 6 contracts
Samples: Credit Agreement, Credit Agreement (Huntsman CORP), Credit Agreement (Huntsman International LLC)
