Common use of Annual Rating Review Clause in Contracts

Annual Rating Review. (a) So long as any of the Secured Notes of any Class remains Outstanding, on or before December 31 in each year commending in 2021, the Issuer shall obtain and pay for an annual review of the rating of each such Class of Secured Notes from the Rating Agency. The Issuer shall promptly notify the Trustee and the Collateral Manager in writing (and the Trustee shall promptly provide the Holders with a copy of such notice) if at any time the then-current rating of any such Class of Secured Notes has been, or is known will be, changed or withdrawn.

Appears in 1 contract

Samples: Golub Capital BDC 3, Inc.

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Annual Rating Review. (a) So long as any of the Secured Notes of any Class remains remain Outstanding, on or before December 31 in each year commending commencing in 20212012, the Issuer shall obtain and pay for an annual review of the rating of each such Class of the Secured Notes from the each Rating AgencyAgency as an Administrative Expense, as applicable. The Issuer shall promptly notify the Trustee and the Collateral Manager in writing (and the Trustee shall promptly provide the Holders with a copy of such notice) if at any time the then-current rating of any such Class of the Secured Notes has been, or is known will be, changed or withdrawn.

Appears in 1 contract

Samples: Indenture (TICC Capital Corp.)

Annual Rating Review. (a) So long as any of the Secured Notes of any Class remains remain Outstanding, on or before December 31 July 17th in each year commending year, commencing in 20212018, the Issuer Applicable Issuers shall obtain and pay for an annual review of the rating of each such Class of Secured Notes from the applicable Rating AgencyAgencies. The Issuer Applicable Issuers shall promptly notify the Trustee and the Collateral Manager in writing (and the Trustee shall promptly provide the Holders with a copy of such notice) if at any time the then-current rating of any such Class of Secured Notes has been, or is known will shall be, changed or withdrawn.

Appears in 1 contract

Samples: Indenture (JMP Group LLC)

Annual Rating Review. (a) So long as any Class of the Secured Notes of any Class remains Outstanding, on or before December 31 31st in each year commending commencing in 20212025, the Issuer shall obtain and pay for an annual review of the rating of each such Class of Secured Notes from the Rating Agency. The Issuer shall promptly notify the Trustee and the Collateral Manager in writing (and the Trustee shall promptly provide the Holders with a copy of such notice) if at any time the then-current rating of any such Class of Secured Notes has been, or is known will be, changed or withdrawn.

Appears in 1 contract

Samples: Indenture (Monroe Capital Income Plus Corp)

Annual Rating Review. (a) So long as any Class of the Secured Notes of any Class remains Outstanding, on or before December 31 31st in each year commending commencing in 20212023, the Issuer shall obtain and pay for an annual review of the rating of each such Class of Secured Notes from the Rating Agency. The Issuer shall promptly notify the Trustee and the Collateral Manager in writing (and the Trustee shall promptly provide the Holders with a copy of such notice) if at any time the then-current rating of any such Class of Secured Notes has been, or is known will be, changed or withdrawn.

Appears in 1 contract

Samples: Indenture (Monroe Capital Income Plus Corp)

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Annual Rating Review. (a) So long as any Class of the Secured Notes of any Class remains Outstanding, on or before December 31 in each year commending commencing in 20212022, the Issuer shall obtain and pay for an annual review of the rating of each such Class of Secured Notes from the Rating Agency. The Issuer shall promptly notify the Trustee and the Collateral Manager in writing (and the Trustee shall promptly provide the Holders with a copy of such notice) if at any time the then-current rating of any such Class of Secured Notes has been, or is known will be, changed or withdrawn.

Appears in 1 contract

Samples: Indenture (Golub Capital BDC 3, Inc.)

Annual Rating Review. (a) So long as any of the Secured Notes of any Class remains remain Outstanding, on or before December 31 in each year commending commencing in 20212024, the Issuer shall obtain and pay for an annual review of the rating of each such Class of Secured Notes from the each Rating Agency, as applicable. The Issuer shall promptly notify the Trustee and the Collateral Manager in writing (and the Trustee shall promptly provide the Holders with a copy of such notice) if at any time the then-current rating of any such Class of Secured Notes has been, or is known will be, changed or withdrawn.

Appears in 1 contract

Samples: Indenture (Golub Capital Private Credit Fund)

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