Confirmation of Ratings. The Administrative Agent shall have received confirmation from each of the Rating Agencies that the amendments contemplated by this Amendment will not result in a withdrawal or downgrade of the ratings of the outstanding Commercial Paper Notes or the Trust Certificates;
Confirmation of Ratings. This Amendment No. 1 shall not become effective unless and until the Trustee shall have received written confirmation from each Rating Agency that the effectiveness hereof will not result in either the reduction or withdrawal of the ratings currently assigned by such Rating Agency to both the Commercial Paper and the Class A Certificates of both Series 1993-1 and Series 1993-2.
Confirmation of Ratings. OPC shall have received confirmation from the rating agencies then rating OPC's outstanding fixed rate uninsured pollution control bonds that the ratings assigned by such rating agencies to such bonds shall not be lowered below "A", in the case of Fitch Investor Service, Inc., below "A3", in the case of Xxxxx'x Investor Service, Inc. or below "A", in the case of Standard & Poor's Rating Service, A Division of The XxXxxx-Xxxx Companies, Inc. as a result of the consummation of the transactions and actions contemplated hereby. Such rating agencies also shall have provided satisfactory assurance that they would assign to any comparable bonds issued directly by GTC the same or higher ratings as those then assigned to OPC's fixed rate uninsured pollution control bonds.
Confirmation of Ratings. OPC shall have received confirmation from two rating agencies then rating OPC's outstanding fixed rate uninsured pollution control bonds that the ratings assigned by such rating agencies to such bonds shall not be lowered as a result of the consummation of the transactions and actions contemplated hereby. Such rating agencies also shall have provided satisfactory assurance that they would assign to any comparable bonds issued directly by GTC the same or higher ratings as those assigned to OPC's fixed rate uninsured pollution control bonds on the Effective Date.
Confirmation of Ratings. The Depositor will have received ratings letters from the Rating Agencies that assign the ratings to the Offered Notes at least as high as the ratings stated in the Terms Annex.
