Common use of Credit Ratings Clause in Contracts

Credit Ratings. Each Borrower will use reasonable efforts to cause the credit facilities made available under this Agreement to be continuously rated by S&P and Xxxxx’x. The Borrowers will use commercially reasonable efforts to maintain a corporate rating from S&P and a corporate family rating from Xxxxx’x, in each case in respect of the Borrower or Co-Borrower.

Appears in 2 contracts

Samples: Second Amendment and Restatement Agreement (Allegion PLC), Credit Agreement (Allegion PLC)

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Credit Ratings. Each Borrower of Holdings and the Borrowers will use reasonable efforts to cause the credit facilities made available under this Agreement to be continuously rated by S&P and Xxxxx’xXxxxx’x (but not any particular rating). The Borrowers Holdings will use commercially reasonable efforts to maintain a corporate rating (but not any particular rating) from S&P and a corporate family rating (but not any particular rating) from Xxxxx’x, in each case in respect of the Borrower or Co-BorrowerHoldings.

Appears in 2 contracts

Samples: Credit Agreement (Garrett Motion Inc.), Credit Agreement (Garrett Motion Inc.)

Credit Ratings. Each of Holdings and the Borrower will use reasonable efforts to cause the credit facilities made available under this Agreement to be continuously rated by S&P and Xxxxx’x. The Borrowers Borrower will use commercially reasonable efforts to maintain a corporate rating from S&P and a corporate family rating from Xxxxx’x, in each case in respect of the Borrower or Co-Borrower.

Appears in 2 contracts

Samples: Credit Agreement (Allegion PLC), Credit Agreement (Allegion PLC)

Credit Ratings. Each of Holdings and the Borrower will use reasonable efforts to cause the credit facilities made available under this Agreement to be continuously rated by S&P and Xxxxx’xXxxxx’x (but not any particular rating). The Borrowers Holdings will use commercially reasonable efforts to maintain a corporate rating (but not any particular rating) from S&P and a corporate family rating (but not any particular rating) from Xxxxx’x, in each case in respect of the Borrower or Co-BorrowerHoldings.

Appears in 2 contracts

Samples: Credit Agreement (Resideo Technologies, Inc.), Credit Agreement (Resideo Technologies, Inc.)

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Credit Ratings. Each The Borrower will use commercially reasonable efforts to cause the credit facilities made available under this Agreement to be continuously rated by S&P and Xxxxx’xXxxxx’x (but not any particular rating). The Borrowers Borrower will use commercially reasonable efforts to maintain a corporate rating (but not any particular rating) from S&P and a corporate family rating (but not any particular rating) from Xxxxx’x, in each case case, in respect of the Borrower or Co-Borrower.

Appears in 2 contracts

Samples: Credit Agreement (Arconic Inc.), Credit Agreement (Arconic Rolled Products Corp)

Credit Ratings. Each of Holdings and the Borrower will use reasonable efforts to cause the credit facilities made available under this Agreement to be continuously rated by S&P and Xxxxx’xMoody’s (but not any particular rating). The Borrowers Holdings will use commercially reasonable efforts to maintain a corporate rating (but not any particular rating) from S&P and a corporate family rating (but not any particular rating) from Xxxxx’xMoody’s, in each case in respect of the Borrower or Co-BorrowerHoldings.

Appears in 1 contract

Samples: Credit Agreement (Resideo Technologies, Inc.)

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