Examples of Investment Grade in a sentence
If, as of the last day of the most recent fiscal quarter then ended, Borrower does not have an Investment Grade Rating and the Leverage Ratio is greater than fifty -five percent (55%), then until Borrower delivers a Compliance Certificate pursuant to Section 6.1(g) reflecting that the Leverage Ratio is equal to or less than fifty-five percent (55%), Borrower shall not permit the aggregate outstanding amount of all Borrowing Base Debt to, at any time, exceed the Borrowing Base.
If, as of the last day of any fiscal quarter ending during an Investment Grade Period, the Borrower does not have an Investment Grade Rating from at least two of Xxxxx’x, S&P and Fitch, the Borrower will not permit the PV-9 Coverage Ratio, as of the last day of such fiscal quarter, to be less than 1.50 to 1.00; provided that, if the Borrower does have an Investment Grade Rating from at least two of Xxxxx’x, S&P and Fitch as of such date, this Section 9.01(c) shall not apply as of such date.
If, at any time after the Effective Date, the Borrower commences an Investment Grade Period, then at all times during such Investment Grade Period, there shall be no Borrowing Base and the provisions of Section 2.06(a) through Section 2.06(e) shall not apply during such Investment Grade Period.
During any Investment Grade Period, promptly after any of Xxxxx’x, S&P or Fitch shall have announced a change in the rating established or deemed to have been established for the Index Debt, written notice of such rating change; and (n) Other Requested Information.
Invesco Trust for Investment Grade New York Municipals Name: Xxxxxxx Xxxxxxx Title: Secretary, Chief Legal Officer and Senior Vice President Invesco Advisers, Inc.