Common use of Minimum Credit Rating Clause in Contracts

Minimum Credit Rating. in the event that the credit rating of an L/C Issuer falls below the Minimum Credit Rating applicable to it, then the Borrower shall immediately (a) inform the Agent and (b) credit the Debt Service Reserve Account in accordance with clause 8.5;

Appears in 4 contracts

Samples: Loan Agreement (Teekay LNG Partners L.P.), Loan Agreement (Teekay LNG Partners L.P.), Loan Agreement (Teekay LNG Partners L.P.)

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