Common use of Cooperation with Rating Agencies Clause in Contracts

Cooperation with Rating Agencies. Borrower shall, at Lender’s expense (other than legal fees of counsel to the Borrower and Guarantor), (i) at Lender’s request, meet with representatives of the Rating Agencies at reasonable times to discuss the business and operations of the Property, and (ii) cooperate with the reasonable requests of the Rating Agencies in connection with the Property. Until the Obligations are paid in full, Borrower shall provide the Rating Agencies with all financial reports required hereunder and such other information as they shall reasonably request, including copies of any default notices or other material notices delivered to and received from Lender hereunder, to enable them to continuously monitor the creditworthiness of Borrower and to permit an annual surveillance of the implied credit rating of the Securities.

Appears in 6 contracts

Samples: Loan and Security Agreement (Strategic Hotels & Resorts, Inc), Loan and Security Agreement (Strategic Hotels & Resorts, Inc), Loan and Security Agreement (Strategic Hotels & Resorts, Inc)

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Cooperation with Rating Agencies. Borrower shall, at Lender’s expense (other than legal fees of counsel to the Borrower and GuarantorSponsor), (i) at Lender’s request, meet with representatives of the Rating Agencies at reasonable times to discuss the business and operations of the Property, and (ii) cooperate with the reasonable requests of the Rating Agencies in connection with the Property. Until the Obligations are paid in full, Borrower shall provide the Rating Agencies with all financial reports required hereunder and such other information as they shall reasonably request, including copies of any default notices or other material notices delivered to and received from Lender hereunder, to enable them to continuously monitor the creditworthiness of Borrower and to permit an annual surveillance of the implied credit rating of the Securities.

Appears in 4 contracts

Samples: Loan and Security Agreement (Strategic Hotels & Resorts, Inc), Loan and Security Agreement (Strategic Hotels & Resorts, Inc), Loan and Security Agreement (Strategic Hotels & Resorts, Inc)

Cooperation with Rating Agencies. Borrower shall, at Lender’s expense (other than legal fees of counsel to the Borrower and Guarantor)'s expense, (i) at Lender’s 's request, meet with representatives of the Rating Agencies at reasonable times to discuss the business and operations of the Property, Property and (ii) cooperate with the reasonable requests of the Rating Agencies in connection with the Property, subject to the terms of the Citibank Lease. Until the Obligations are paid in full, Borrower shall shall, if requested by Lender, provide the Rating Agencies with all financial reports required hereunder and such other customary information as they shall reasonably request, including copies of any default notices or other material notices delivered to and received from Lender hereunder, to enable them to continuously monitor the creditworthiness of Borrower and to permit an annual surveillance of the implied credit rating of the Securities.

Appears in 2 contracts

Samples: Loan and Security Agreement (Reckson Associates Realty Corp), Loan and Security Agreement (Reckson Operating Partnership Lp)

Cooperation with Rating Agencies. Borrower shall, at Lender’s 's expense (other than legal fees of counsel to the Borrower and Guarantor), (i) at Lender’s 's request, meet with representatives of the Rating Agencies at reasonable times to discuss the business and operations of the Property, and (ii) cooperate with the reasonable requests of the Rating Agencies in connection with the Property. Until the Obligations are paid in full, Borrower shall provide the Rating Agencies with all financial reports required hereunder and such other information as they shall reasonably request, including copies of any default notices or other material notices delivered to and received from Lender hereunder, to enable them to continuously monitor the creditworthiness of Borrower and to permit an annual surveillance of the implied credit rating of the Securities.

Appears in 1 contract

Samples: Loan and Security Agreement (CNL Hotels & Resorts, Inc.)

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Cooperation with Rating Agencies. Borrower shall, at Lender’s expense (other than legal fees of counsel to the Borrower and Guarantor)expense, (i) at Lender’s request, meet with representatives of the Rating Agencies at reasonable times to discuss the business and operations of the Property, and (ii) cooperate with the reasonable requests of the Rating Agencies in connection with the Property. Until the Obligations are paid in full, Borrower shall shall, if requested by Lender, provide the Rating Agencies with all financial reports required hereunder by this Agreement and such other information as they shall reasonably request, including copies of any default notices or other material notices delivered to and received from Lender hereunder, to enable them to continuously monitor the creditworthiness of Borrower and to permit an annual surveillance of the implied credit rating of the Securities.

Appears in 1 contract

Samples: Loan and Security Agreement (Ashford Hospitality Trust Inc)

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