Rating Letter Sample Clauses
A Rating Letter clause establishes the requirement for a party, typically a borrower or issuer, to obtain and maintain a credit rating from a recognized rating agency. This clause specifies which rating agencies are acceptable, the minimum rating that must be achieved, and the timing or frequency for providing evidence of the rating to the other party. For example, a company issuing bonds may be required to secure an investment-grade rating from agencies like Moody's or S&P and deliver the rating letter to investors before closing. The core function of this clause is to provide assurance regarding the creditworthiness of a party, thereby reducing risk and increasing transparency for counterparties or investors.
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Rating Letter. (a) On the first Quarterly Date of each calendar year, Borrower shall deliver to the Lenders (with a copy to the Administrative Agent) a letter from a Ratings Agency with respect to the Loans and dated as of a date within the prior three (3) calendar months and (b) on the Aggregation Date, Borrower shall deliver to the Lenders (with a copy to the Administrative Agent) a letter from a Ratings Agency with respect to the Term Loan demonstrating a credit rating of [***] or higher and dated as of the Aggregation Date.
Rating Letter. An Officer’s certificate of the Issuer to the effect that attached thereto is a true and correct copy of a letter signed by the Rating Agency, and confirming that each Class of Secured Notes has been assigned the applicable Initial Rating and that such ratings are in effect on the Closing Date.
Rating Letter. Letter from ▇▇▇▇▇’▇ that it has assigned its rating of “ ” to the Bonds, and that the rating is in full force and effect and has not been withdrawn or downgraded for any reason.
Rating Letter. An Officer’s certificate of the Issuer to the effect that it has received a letter from the Rating Agency then rating a Class of Secured Debt and confirming that each Class of Secured Debt has been assigned the applicable Initial Rating and that such ratings are in effect on the Closing Date.
Rating Letter. Unless only additional Subordinated Notes are being issued, an Officer’s certificate of the Issuer to the effect that attached thereto is a true and correct copiescopy of the letter signed by S&P, confirming that the S&P Rating Agency Condition has been satisfied with respect to the additional issuance.
Rating Letter. [***] (i) a copy of the final ratings letter obtained by the Company and (ii) each ratings letter obtained by the Company in accordance with Section 9.22.
Rating Letter. The Agents shall have received a letter from ▇▇▇▇▇’▇ addressed to the Parent providing that the credit rating for the Parent is not less than “Aa3”.
Rating Letter. An Officer’s certificate of the Issuer to the effect that attached thereto are true and correct copies of letters from the Rating Agencies confirming that each Rating Agency’s rating of the Refinancing Notes is as set forth in Section 1(a) of this Supplemental Indenture.
Rating Letter. A letter from Standard & Poor’s Financial Services, LLC to the effect that the Bonds have been assigned the ratings of “ ” and “ ,” which ratings shall be in effect as of the Closing.
Rating Letter. The Administrative Agent shall have received a letter, in form and substance satisfactory to the Administrative Agent, from ▇▇▇▇▇'▇ stating that the long-term rating of "A2" has been assigned by ▇▇▇▇▇'▇ to the Series 2002-2 Notes.