Common use of No Ratings Clause in Contracts

No Ratings. Except with respect to the Notes and the series of issued and outstanding unsecured unsubordinated notes in the aggregate principal amount of $218.2 million (the “Existing Notes”) and an aggregate of 1,903,000 shares of Series 7.75% A Cumulative Redeemable Preferred Stock, par value $0.001 per share (the “Series A Preferred Stock”) as more particularly described in the Registration Statement, the General Disclosure package and the Prospectus, the Company has no debt securities or preferred stock that is rated by any “nationally recognized statistical rating agency” (as such term is defined by the Commission for purposes of Rule 436(g)(2) of the 1933 Act).

No Ratings. Except with respect to the Notes and the series of issued and outstanding unsecured unsubordinated notes in the aggregate principal amount of $218.2 114.5 million (the “Existing Notes”) and an aggregate of 1,903,000 shares of Series 7.75% A Cumulative Redeemable Preferred Stock, par value $0.001 per share (the “Series A Preferred Stock”) as more particularly described in the Registration Statement, the General Disclosure package and the Prospectus,, the Company has no debt securities or preferred stock that is rated by any “nationally recognized statistical rating agency” (as such term is defined by the Commission for purposes of Rule 436(g)(2) of the 1933 Act).

No Ratings. Except with respect to the Notes and the series of issued and outstanding unsecured unsubordinated notes in the aggregate principal amount of $218.2 114.5 million (the “Existing Notes”) and an aggregate of 1,903,000 shares of Series 7.75% A Cumulative Redeemable Preferred Stock, par value $0.001 per share (the “Series A Preferred Stock”) as more particularly described in the Registration Statement, the General Disclosure package and the Prospectus, the Company has no debt securities or preferred stock that is rated by any “nationally recognized statistical rating agency” (as such term is defined by the Commission for purposes of Rule 436(g)(2) of the 1933 Act).

No Ratings. Except with respect to the Notes Preferred Stock and the series of issued and outstanding unsecured unsubordinated notes in the aggregate principal amount of $218.2 114.5 million (the “Existing Notes”) and an aggregate of 1,903,000 shares of Series 7.75% A Cumulative Redeemable Preferred Stock, par value $0.001 per share (the “Series A Preferred Stock”) as more particularly described in the Registration Statement, the General Disclosure package and the Prospectus, the Company has no debt securities or preferred stock that is rated by any “nationally recognized statistical rating agency” (as such term is defined by the Commission for purposes of Rule 436(g)(2) of the 1933 Act).