Facility Rating. The Administrative Agent may, at any time, upon written notice to the Borrower, request private ratings of this Facility from one or more credit rating agencies selected by such Administrative Agent. The Borrower and the Company agree that each of them shall cooperate with the Administrative Agent’s efforts to obtain such ratings, and shall provide the applicable credit rating agencies (either directly or through distribution to the Administrative Agent), access to their respective books, records, financial statements, policies, directors, officers and employees, other documents or other information, in each case, as requested by such credit rating agencies for the purpose of providing and monitoring such ratings. Each of the Borrower and the Company agrees that the Lenders and the Administrative Agent shall have the right to disclose the terms of this Agreement and the transactions contemplated hereby to the applicable credit rating agencies; provided, however, that each such rating agency shall agree to comply with requirements substantially similar to those set forth in Section 9.22 with respect to any Confidential Information provided thereto. None of the Borrower, the Company or any of their respective Affiliates shall be responsible to pay or bear any costs or expenses in connection with this Section 5.12.
Facility Rating. The facility rating assigned by the Seller to a Qualified Loan from time to time in accordance with the Seller’s internal risk rating system.
Facility Rating. The Required Lenders may, at any time, upon written notice to the Borrower, request private ratings of this Facility from one or more credit rating agencies selected by the Required Lenders. The Borrower and the Company agree that each of them shall cooperate with the Required Lenders' efforts to obtain such ratings, and shall provide the applicable credit rating agencies (either directly or through distribution to the Required Lenders), access to their respective books, records, financial statements, policies, directors, officers and employees, other documents or other information, in each case, as requested by such credit rating agencies for the purpose of providing and monitoring such ratings. Each of the Borrower and the Company agrees that the Lenders and the Administrative Agent shall have the right to disclose the terms of this Agreement and the transactions contemplated hereby to the applicable credit rating agencies; provided, however, that each such rating agency shall agree to comply with requirements substantially similar to those set forth in Section 9.22 with respect to any Confidential Information provided thereto. None of the Borrower, the Company or any of their respective Affiliates shall be responsible to pay or bear any costs or expenses in connection with this Section 5.12.
Facility Rating. No Adverse Facility Rating Event shall have occurred and be continuing. Each borrowing by the Borrower hereunder shall constitute a representation and warranty by the Borrower as of the date of such extension of credit that the conditions contained in this Section 4.2 have been satisfied.
Facility Rating. Administrative Agent may elect, at any time, upon written notice to the Borrower, that such Administrative Agent intends to request public ratings of this Facility from one or more credit rating agencies selected by such Administrative Agent. CPS and the Borrower agree that each of them shall cooperate with the Administrative Agent’s efforts to obtain such ratings, and shall provide the applicable credit rating agencies (either directly or through distribution to the Administrative Agent), access to their respective books, records, financial statements, policies, directors, officers and employees, or other information, in each case, as requested by such credit rating agencies for the purpose of providing and monitoring such ratings; provided, however, that in no event shall the Borrower or CPS have any obligation to pay any costs, fees or expenses payable to the credit rating agencies for providing such ratings, and the payment of any and all costs, fees and expenses payable to any such credit rating agency for providing such ratings shall be the sole obligation of the Administrative Agent.
Facility Rating. The Applicable Margins and the Applicable Unused Commitment Rate shall be determined by reference to the Facility Rating or, if no Facility Rating exists, by reference to the Senior Public Debt Rating, in accordance with the following table: Facility or Applicable Applicable Applicable Unused Senior Debt LIBOR Rate Floating Rate Commitment Rate (%) Rating Margin (%) Margin (%) Usage >50% Usage <50% - ------------------------ ------------------ -------------------- ---------------------------------------- BBB-/Baa3 or 1.25 0 0.225 0.25 higher BB+/Ba1 1.50 0 0.275 0.30 BB/Ba2 1.75 0.25 0.30 0.375 BB-/Ba3 2.00 0.50 0.375 0.45 B+/B1 or 2.25 0.75 0.50 0.60 lower or no rating
Facility Rating. Use commercially reasonable efforts to obtain within two (2) weeks following the Closing Date, and thereafter maintain, a monitored public rating of the Facility and of the Borrower, in each case, by S&P and Xxxxx’x.
Facility Rating. Use commercially reasonable efforts to maintain a monitored public rating of the Facility and of the Borrower, in each case, by S&P and Xxxxx’x.
Facility Rating. Promptly upon request of the Administrative --------------- Agent, at the expense of the Company, cause the receivables purchase facility created by this Agreement to be rated by S&P or another nationally recognized rating agency designated by the Administrative Agent.
Facility Rating. The Borrower agrees that any Lender may (in its sole discretion and at its sole expense), at any time, have their Loan Notes rated by Moody’s, S&P, DBRS, Inc., A.M. Best or Xxxxx Bond Rating Agency, LLC. The Borrower agrees to provide and to cause its Affiliates to provide reasonable assistance to obtain such rating. For the avoidance of doubt, any such rating shall not be a condition precedent to the exercise of any rights of the Borrower under this Agreement or any other Transaction Document.
