Examples of Debt Ratings in a sentence
The Applicable Margin and Applicable Facility Fee Rate shall be determined in accordance with the foregoing table based on the Debt Ratings from time to time.
The Parent Corporation shall, and shall cause each Member of the Obligated Group to, at all times maintain Debt Ratings from at least two Rating Agencies.
In the event that the Material Debt Ratings assigned by the three Rating Agencies are not on the same Level identified in the grid below (a “Split Rating”), the Facility Fee Rate shall be that specified for the Level which corresponds to lowest Material Debt Rating assigned.
Should the General Obligation Debt Rating assigned by one of the three Rating Agencies be withdrawn for reasons that are not related to the City's credit, the ratings assigned by the two remaining Rating Agencies as General Obligation Debt Ratings shall be used to determine compliance with the terms hereof and to calculate the Commitment Fee and the Applicable Spread.
The City shall maintain General Obligation Debt Ratings from at least two of Xxxxx'x, S&P and Fitch.