Common use of Annual Rating Review Clause in Contracts

Annual Rating Review. (a) So long as any of the Secured Debt of any Class remains Outstanding, on or before July 18th in each year commencing in 2024, the Issuer shall obtain and pay for an annual review of the rating of each such Class of Secured Debt from the Rating Agency, as applicable. The Issuer shall promptly notify the Collateral Trustee and the Collateral Manager in writing (and the Collateral Trustee shall promptly provide the Holders with a copy of such notice) if at any time the Issuer is notified or has actual knowledge that the then-current rating of any such Class of Secured Debt has been, or is known will be, changed or withdrawn.

Appears in 1 contract

Samples: Indenture and Security Agreement (Blue Owl Credit Income Corp.)

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Annual Rating Review. (a) So long as any of the Secured Debt of any Class remains Outstanding, on or before July 18th May 28thJanuary 4th in each year commencing in 202420202025, the Issuer shall obtain and pay for an annual review of the rating of each such Class of Secured Debt from the Rating Agency, as applicable. The Issuer shall promptly notify the Collateral Trustee and the Collateral Manager in writing (and the Collateral Trustee shall promptly provide the Holders with a copy of such notice) if at any time the Issuer is notified or has actual knowledge that the then-current rating of any such Class of Secured Debt has been, or is known will be, changed or withdrawn.

Appears in 1 contract

Samples: Indenture and Security Agreement (Blue Owl Capital Corp)

Annual Rating Review. (a) So long as any of the Secured Debt of any Class remains Outstanding, on or before July 18th May 28th in each year commencing in 20242020, the Issuer shall obtain and pay for an annual review of the rating of each such Class of Secured Debt from the Rating Agency, as applicable. The Issuer shall promptly notify the Collateral Trustee and the Collateral Manager in writing (and the Collateral Trustee shall promptly provide the Holders with a copy of such notice) if at any time the Issuer is notified or has actual knowledge that the then-current rating of any such Class of Secured Debt has been, or is known will be, changed or withdrawn.

Appears in 1 contract

Samples: Supplemental Indenture (Owl Rock Capital Corp)

Annual Rating Review. (a) So long as any of the Secured Debt of any Class remains Outstanding, on or before July 18th November 15 in each year commencing in 20242022, the Issuer Co-Issuers shall obtain request and pay for an annual review of the rating of each such Class of Secured Debt from the Rating Agency, as applicable. The Issuer Co-Issuers shall promptly notify the Trustee, the Collateral Trustee Agent, the Loan Agent and the Collateral Manager in writing (and the Collateral Trustee or Loan Agent, as applicable, shall promptly provide the Holders with a copy of such notice) if at any time the Issuer is notified or has actual knowledge that the then-current rating of any such Class of Secured Debt has been, or is known will be, changed or withdrawn.

Appears in 1 contract

Samples: Indenture and Security Agreement (Silver Point Specialty Lending Fund)

Annual Rating Review. (a) So long as any of the Secured Debt of any Class remains Outstanding, on or before July 18th in each year commencing in 2024, the Issuer Borrower shall obtain and pay for an annual review of the rating of each such Class of Secured Debt from the Rating Agency, as applicable. The Issuer Borrower shall promptly notify the Collateral Trustee Trustee, the Loan Agent and the Collateral Manager in writing (and the Collateral Trustee Loan Agent shall promptly provide the Holders with a copy of such notice) if at any time the Issuer Borrower is notified or has actual knowledge that the then-current rating of any such Class of Secured Debt has been, or is known will be, changed or withdrawn.

Appears in 1 contract

Samples: Assignment and Assumption (Blue Owl Credit Income Corp.)

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Annual Rating Review. (a) So long as any of the Secured Debt of any Class remains Outstanding, on or before July 18th December 31 in each year commencing in 2024, the Issuer shall obtain request and pay for an annual review of the rating of each such Class of Secured Debt from the each Rating Agency, as applicable. The Issuer shall promptly notify the Collateral Trustee and the Loan Agent and the Collateral Manager in writing (and the Collateral Trustee or the Loan Agent, as applicable, shall promptly provide the Holders with a copy of such notice) if at any time the Issuer is notified or has actual knowledge that the then-current rating of any such Class of Secured Debt has been, or is known will be, changed or withdrawn.

Appears in 1 contract

Samples: Indenture and Security Agreement (PennantPark Floating Rate Capital Ltd.)

Annual Rating Review. (a) So long as any of the Secured Debt of any Class remains Outstanding, on or before July 18th May 28th in each year commencing in 20242020, the Issuer shall obtain and pay for an annual review of the rating of each such Class of Secured Debt from the Rating Agency, as applicable. The Issuer shall promptly notify the Collateral Trustee and the Collateral Manager in writing (and the Collateral Trustee shall promptly provide the Holders with a copy of such notice) if at any time the Issuer is notified or has actual knowledge that the 146 then-current rating of any such Class of Secured Debt has been, or is known will be, changed or withdrawn.

Appears in 1 contract

Samples: Indenture and Security Agreement (Owl Rock Capital Corp)

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