Investment Grade Pricing Date definition

Investment Grade Pricing Date means, at any time after the Borrower has received an Investment Grade Rating from either S&P or Xxxxx’x, the date specified by the Borrower in a written notice to the Administrative Agent and the Lenders as the date on which it irrevocably elects to have the Applicable Margin determined based on the Applicable Investment Grade Rating; provided that no Event of Default shall exist on the date of such notice or the specified Investment Grade Pricing Date.
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Investment Grade Pricing Date. At any time after REIT or Borrower has received an Investment Grade Rating, the date specified by Borrower in a written notice to the Agent and the Lenders as the date on which it irrevocably elects to have the Applicable Margin determined based on REIT’s or Borrower’s Credit Rating; provided that no Default or Event of Default shall exist on the date of such notice or the specified Investment Grade Pricing Date.
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Investment Grade Pricing Date means, at any time after the Borrower has received an Investment Grade Rating from either S&P or Moody’s, the date specified by the Borrower in a written notice to the Administrative Agent and the Lenders as the date on which it irrevocably elects to have the Applicable Margin determined based on the Applicable Investment Grade Rating; provided that no Event of Default shall exist on the date of such notice or the specified Investment Grade Pricing Date.
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Examples of Investment Grade Pricing Date in a sentence

  • At any time after the Borrower or REIT Guarantor has received an Investment Grade Rating from either S&P or Xxxxx’x, the date specified by the Borrower in a written notice to the Agent and the Lenders as the date on which Borrower irrevocably elects to have the Applicable Margin determined based on the Borrower’s or REIT Guarantor’s Credit Rating; provided that no Event of Default shall exist on the date of such notice or the specified Investment Grade Pricing Date.

  • At any time after the REIT or the Parent Borrower has received an Investment Grade Rating, the date specified by the Parent Borrower in a written notice to the Agent and the Lenders as the date on which it irrevocably elects to have the Applicable Margin determined based on the REIT’s or the Parent Borrower’s Credit Rating; provided that no Default or Event of Default shall exist on the date of such notice or the specified Investment Grade Pricing Date.

Related to Investment Grade Pricing Date

  • Investment Grade Rating means a rating equal to or higher than Baa3 (or the equivalent) by Moody’s and BBB- (or the equivalent) by S&P, or an equivalent rating by any other Rating Agency.

  • Investment Grade means a rating of Baa3 or better by Moody’s (or its equivalent under any successor rating categories of Moody’s); a rating of BBB- or better by S&P (or its equivalent under any successor rating categories of S&P); and the equivalent investment grade credit rating from any additional Rating Agency or Rating Agencies selected by the Company.

  • Downgrade Event means, unless otherwise specified on the Cover Sheet, for a Party means that Party’s Credit Rating falls below BBB- from S&P or Baa3 from Moody’s or becomes no longer rated by either S&P or Moody’s.

  • Investment Grade Securities means: