Rating Grade definition
Rating Grade means and refer to the different debt ratings (for example, A1, A2, A3 for Moody's and A+, A and A- for Standard & Poor's) within any particular debt rating category (in the foregoing example, the rating category of "A" for both Moody's and Standard & Poor's). Any adjustment required in the Margin Percentages as a result of a change in ratings as provided hereinabove shall be effective as of the tenth (10th) Business Day after the effective date of such change.
Rating Grade means and refer to the different debt ratings (for example, A1, A2, A3 for Moody's and A+, A an▇ ▇- ▇▇r Standard & Poor's) within any particular debt rating category (in the foregoing example, the rating category of "A" for both Moody's and Standard & ▇▇▇▇'s). Within ten (10) Business Days of the Borrower's attaining knowledge of a change in either Moody's or Standard & ▇▇▇▇'s rating of the Borrower's senior unsecured long-term publicly traded Indebtedness, the Borrower shall notify the Agent, and any adjustment required in the Applicable Margin Percentages as a result of a change in such ratings shall be effective as of the earlier of the date such notice is received by the Agent or the 10th Business Day after the effective date of such change.