Rating Notice Date. The earlier of (a) the date a Rating Notice is received by the Agent, or (b) the date the Agent, having received actual notice of a change by the Rating Agency of the Borrower's Implied Rating, sends notice to the Borrower of such change, provided that nothing contained herein shall imply any obligation of the Agent to monitor such rating changes.
Appears in 4 contracts
Samples: Revolving Credit Agreement (Crescent Real Estate Equities Co), Revolving Credit Agreement (Meridian Industrial Trust Inc), Revolving Credit Agreement (Crescent Real Estate Equities LTD Partnership)
Rating Notice Date. The earlier of (a) the date a Rating Notice is received by the Agent, or (b) the date the Agent, having received actual notice of a change by one of the Rating Agency Agencies of the Borrower's its Implied Rating, sends notice to the Borrower of such change, provided that nothing contained herein shall imply any obligation of the Agent to monitor such rating changes.
Appears in 3 contracts
Samples: Revolving Credit Agreement (Storage Trust Realty), Revolving Credit Agreement (New Plan Excel Realty Trust Inc), Revolving Credit Agreement (Excel Realty Trust Inc)
Rating Notice Date. The earlier of (a) the date a Rating Notice is received by the Agent, or (b) the date the Agent, having received actual notice of a change by the a Rating Agency of the Borrower's its Implied Rating, sends notice to the Borrower Borrowers of such change, provided that nothing contained herein shall imply any obligation of the Agent to monitor such rating changes.
Appears in 3 contracts
Samples: Revolving Credit Agreement (Walden Residential Properties Inc), Term Loan Agreement (Walden Residential Properties Inc), Revolving Credit Agreement (Walden Residential Properties Inc)
Rating Notice Date. The earlier of (a) the date a Rating Notice is received by the Agent, or (b) the date the Agent, having received actual notice of a change by the Rating Agency of the Borrower's its Implied Rating, sends notice to the Borrower of such change, provided that nothing contained herein shall imply any obligation of the Agent to monitor such rating changes.
Appears in 2 contracts
Samples: Revolving Credit Agreement (Walden Residential Properties Inc), Revolving Credit Agreement (Walden Residential Properties Inc)
Rating Notice Date. The earlier of (a) the date a Rating Notice or notice of the issuance of a Private Letter Rating, as applicable, is received by the Agent, or (b) the date the Agent, having received actual notice of a change by the Rating Agency of the Borrower's Implied Rating, sends notice to the Borrower of such change, provided that nothing contained herein shall imply any obligation of the Agent to monitor such rating changes.
Appears in 2 contracts
Samples: Revolving Credit Agreement (Crescent Real Estate Equities Co), Revolving Credit Agreement (Crescent Real Estate Equities Inc)
Rating Notice Date. The earlier of (a) the date a Rating Notice is received by the Agent, or (b) the date the Agent, having received actual notice of a change by the a Rating Agency of the Borrower's Implied its Rating, sends notice to the Borrower of such change, provided that nothing contained herein shall imply any obligation of the Agent to monitor such rating changes.
Appears in 2 contracts
Samples: Master Credit Agreement (JDN Realty Corp), Master Credit Agreement (Entertainment Properties Trust)
Rating Notice Date. The earlier of (a) the date a Rating Notice is received by the Lead Agent, or (b) the date the Lead Agent, having received actual notice of a change by the Rating Agency of the Borrower's Implied Debt Rating, sends a same-day notice to the Borrower and each Lender of such change, provided that nothing contained herein shall imply any obligation of the Lead Agent to monitor such rating changes.
Appears in 1 contract
Samples: Senior Unsecured Revolving Credit Agreement (Wci Communities Inc)
