Common use of Credit Support Agreement Clause in Contracts

Credit Support Agreement. The Borrower agrees to cause (i) Toyota Financial Services Corporation and/or any other Affiliate of the Borrower at all times to maintain in effect for short term and long term indebtedness of the Borrower that is rated by any Rating Agency support agreements that are in form and substance satisfactory to the Rating Agency providing such rating and (ii) the Borrower's long-term debt ratings from S&P and Xxxxx'x to be not less than A and A2, respectively.

Appears in 2 contracts

Samples: Credit Agreement (Toyota Motor Credit Corp), Credit Agreement (Toyota Motor Credit Corp)

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Credit Support Agreement. The Borrower agrees to cause (i) Toyota Financial Services Corporation and/or any other Affiliate of the Borrower at all times to maintain in effect for short term and long term indebtedness indebtedness, if any, of the Borrower that is rated by any Rating Agency support agreements that are in form and substance satisfactory to the Rating Agency providing such rating and (ii) the Borrower's longshort-term debt ratings Debt Ratings from S&P and Xxxxx'x to be not less than A A-2 and A2P-2, respectively.

Appears in 1 contract

Samples: Credit Agreement (Toyota Motor Credit Corp)

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Credit Support Agreement. The Borrower agrees to cause (i) Toyota Financial Services Corporation and/or any other Affiliate of the Borrower at all times to maintain in effect for short term and long term indebtedness of the Borrower that is rated by any Rating Agency support agreements that are in form and substance satisfactory to the Rating Agency providing such rating and (ii) the Borrower's long-term debt ratings Debt Ratings from S&P and Xxxxx'x to be not less than A and A2, respectively.

Appears in 1 contract

Samples: Credit Agreement (Toyota Motor Credit Corp)

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