Common use of Credit Ratings Clause in Contracts

Credit Ratings. For so long as any Loans remain outstanding, the Borrowers shall use their commercially reasonable efforts to maintain a public corporate family rating and public corporate credit rating with respect to Holdings and a public credit rating with respect to the Term Loan Facility, in each case from each of Xxxxx’x and S&P (but not to obtain a specific rating).

Appears in 5 contracts

Samples: Credit Agreement (Lindblad Expeditions Holdings, Inc.), Credit Agreement (Lindblad Expeditions Holdings, Inc.), Credit Agreement (Lindblad Expeditions Holdings, Inc.)

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Credit Ratings. For so long as any Term Loans remain outstanding, the Borrowers shall use their its commercially reasonable efforts to maintain a public corporate family rating and public corporate credit rating with respect to Holdings the Borrowers and a public credit rating with respect to the Term Loan FacilityLoans, in each case from each of Xxxxx’x and S&P (but not to obtain a specific rating).S&P.

Appears in 2 contracts

Samples: Credit Agreement (Vince Holding Corp.), Credit Agreement (Apparel Holding Corp.)

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Credit Ratings. For so long as any Loans remain outstanding, the Borrowers shall use their commercially reasonable efforts to maintain a public corporate family rating and public corporate credit rating with respect to Holdings and a public credit rating with respect to the Term Loan FacilityFacility (other than the Third Amendment Incremental Term Loans), in each case from each of Xxxxx’x and S&P (but not to obtain a specific rating).

Appears in 1 contract

Samples: Credit Agreement (Lindblad Expeditions Holdings, Inc.)

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