Common use of Update of Credit Rating Clause in Contracts

Update of Credit Rating. DOE shall have received the credit rating of the Borrower from Xxxxx’x, S&P or Fitch dated not less than thirty (30) days prior to the Guarantee Issuance Date, based on the updated commitment of DOE reflected in the FFB Credit Facility Documents and assuming that the FFB Credit Facility Commitment does not benefit from the Additional DOE Guarantee.

Appears in 1 contract

Samples: Loan Guarantee Agreement (Oglethorpe Power Corp)

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Update of Credit Rating. DOE shall have received the credit rating of the Borrower from Xxxxx’x, S&P or Fitch dated not less than thirty (30) days prior to the Guarantee Issuance Date, based on the updated commitment of DOE reflected in the FFB Credit Facility Documents and assuming that the FFB Credit Facility Commitment does not benefit from the Additional DOE Guarantee.

Appears in 1 contract

Samples: Loan Guarantee Agreement (Oglethorpe Power Corp)

Update of Credit Rating. DOE shall have received the a credit rating of the Borrower from Xxxxx’x, S&P or Fitch dated not less than thirty (30) days prior to the Guarantee Issuance Date, based on the updated commitment of DOE reflected in the FFB Credit Facility Documents and assuming that the FFB Credit Facility Commitment does not benefit from the Additional DOE Guarantee.

Appears in 1 contract

Samples: Nondisclosure Agreement (Georgia Power Co)

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Update of Credit Rating. DOE shall have received the a credit rating of the Borrower from Xxxxx’xXxxxx'x, S&P or Fitch dated not less than thirty (30) days prior to the Guarantee Issuance Date, based on the updated commitment of DOE reflected in the FFB Credit Facility Documents and assuming that the FFB Credit Facility Commitment does not benefit from the Additional DOE Guarantee.

Appears in 1 contract

Samples: Loan Guarantee Agreement (Georgia Power Co)

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