Debt Rating Sample Clauses
A Debt Rating clause establishes requirements or conditions related to the credit ratings assigned to a party’s debt by recognized rating agencies. Typically, it specifies the minimum acceptable rating that must be maintained, outlines the consequences of a downgrade, or requires notification if the rating changes. This clause helps manage credit risk by ensuring that parties are aware of and can respond to changes in financial stability, thereby protecting the interests of lenders or counterparties.
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Debt Rating. As soon as possible and in any event within three Business Days after a Responsible Officer obtains knowledge of any change in the Debt Rating, a statement of the Chief Financial Officer (or other Responsible Officer) of the Parent Guarantor setting forth the new Debt Rating.
Debt Rating. The Company shall have delivered, or caused to be delivered, to such Purchaser, on or prior to the date of the Closing, (a) a Private Rating Letter issued by an Acceptable Note Rating Agency setting forth the initial Debt Rating for the Notes and (b) the related Private Rating Rationale Report with respect to such Debt Rating.
Debt Rating. The Borrower shall maintain at all times a Debt Rating from both ▇▇▇▇▇’▇ and S&P.
Debt Rating. The Liquidity Provider has a short-term debt ratings of “P-1” from ▇▇▇▇▇’▇ and “F1+” from Fitch.
Debt Rating. Promptly upon, and in any event within five Business Days after, an Authorized Representative of the Borrower obtains knowledge of any change by ▇▇▇▇▇’▇ or S&P in any Debt Rating, notice of such change.
Debt Rating. No later than five (5) days after a Financial Officer obtains knowledge of any such issuance of change, give notice to the Administrative Agent (by telephone, followed promptly by written notice transmitted by facsimile with a hard copy sent promptly thereafter) of any issuance of change (either expressly or pursuant to a letter from S&P or ▇▇▇▇▇’▇ stating an “implied” rating), in rating by S&P or ▇▇▇▇▇’▇ in respect of the Borrower’s non-credit enhanced senior long-term debt (secured or unsecured), together with details thereof.
Debt Rating. The credit rating(s) assigned by the Rating Agencies to BPLP’s non-credit enhanced, senior, long-term unsecured debt.
Debt Rating. The Borrower shall have obtained a senior secured debt rating (of any level) in respect of the Loans from each of S&P and ▇▇▇▇▇’▇, which ratings (of any level) shall remain in effect on the Restatement Effective Date.
Debt Rating promptly following the occurrence thereof, notice of any change in the Debt Rating for the Notes (to the extent such Debt Rating is not a public rating); and
Debt Rating with reasonable promptness following the occurrence thereof, notice of any change in the Debt Rating for the Notes (to the extent such Debt Rating is not a public rating); and
Section 1.2 Section 7.2(a) of the Note Purchase Agreement shall be amended to add the words “and any Additional Covenant” immediately after “Section 10.1 through Section 10.9, inclusive,” therein.
Section 1.3 Section 9.9 of the Note Purchase Agreement shall be amended and restated in its entirety to read as follows: