Common use of Maintenance of Rating Clause in Contracts

Maintenance of Rating. The Fund shall have delivered and the Representatives shall have received evidence satisfactory to the Representatives that the Preferred Shares are rated ‘Aaa’ by Xxxxx’x, ‘AAA’ by S&P and ‘AAA’ by Fitch as of the Date of Delivery, and there shall not have been received by the Fund or the Investment Adviser any notice of any intended or potential downgrading, or of any review for a potential downgrading, in the rating accorded to the Preferred Shares by any Rating Agency.