Rating of the Borrower Sample Clauses

Rating of the Borrower. The Borrower shall forthwith provide notice to the Agent of (x) any change in any existing Rating or (y) any obtaining of a new solicited and published Rating.
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Rating of the Borrower. The Borrower shall have received a recent Debt Rating from all three of S&P, Fitch and Xxxxx’x.
Sample 1
Rating of the Borrower. The Borrower shall have received a recent Debt Rating from any two of S&P, Fitch and Xxxxx’x; provided that the Administrative Agent and Lenders agree that the Debt Ratings obtained by the Borrower in January 2018 shall satisfy the requirements of this paragraph (e)(iii).
Sample 1

Related to Rating of the Borrower

  • Designation of Lead Borrower as Borrowers’ Agent (a) Each Borrower hereby irrevocably designates and appoints the Lead Borrower as such Borrower’s agent to obtain Credit Extensions, the proceeds of which shall be available to each Borrower for such uses as are permitted under this Agreement. As the disclosed principal for its agent, each Borrower shall be obligated to each Credit Party on account of Credit Extensions so made as if made directly by the applicable Credit Party to such Borrower, notwithstanding the manner by which such Credit Extensions are recorded on the books and records of the Lead Borrower and of any other Borrower. In addition, each Loan Party other than the Borrowers hereby irrevocably designates and appoints the Lead Borrower as such Loan Party’s agent to represent such Loan Party in all respects under this Agreement and the other Loan Documents.

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