Confirming Credit Facility Sample Clauses

Confirming Credit Facility. If the rating of the long-term senior debt of ▇▇▇▇▇▇▇ Mac is reduced either below “A3” (or withdrawn) in the case of ▇▇▇▇▇’▇, or below “A-” (or withdrawn) in the case of S&P, then the Sponsor may arrange to be delivered a confirming credit facility acceptable to each applicable Rating Agency maintaining a rating with respect to the Class A Certificates as evidenced by a rating letter from each such Rating Agency confirming a rating of not less than “A”.