Common use of Rating Clause in Contracts

Rating. Exercise commercially reasonable efforts to obtain and to maintain (a) public ratings (but not to obtain a specific rating) from ▇▇▇▇▇’▇ and S&P for the Term B Loans and (b) public corporate credit ratings and corporate family ratings (but, in each case, not to obtain a specific rating) from ▇▇▇▇▇’▇ and S&P in respect of the Borrower.

Appears in 18 contracts

Sources: Credit Agreement (SeaWorld Entertainment, Inc.), First Lien Credit Agreement (PlayAGS, Inc.), Credit Agreement (SeaWorld Entertainment, Inc.)

Rating. Exercise commercially reasonable efforts to obtain and to maintain (a) public ratings (but not to obtain a specific rating) from ▇▇▇▇▇’▇ and S&P for the Term B B-1 Loans and (b) public corporate credit ratings and corporate family ratings (but, in each case, not to obtain a specific rating) from ▇▇▇▇▇’▇ and S&P in respect of the Borrower.

Appears in 10 contracts

Sources: Incremental Assumption and Amendment Agreement (ADT Inc.), Incremental Assumption and Amendment Agreement (ADT Inc.), Amendment Agreement No. 12 (ADT Inc.)

Rating. Exercise commercially reasonable efforts to obtain and to maintain (a) public ratings (but not to obtain a specific rating) from each of ▇▇▇▇▇’▇ and S&P for the Term B Loans and (b) public corporate credit ratings and corporate family ratings (but, in each case, not to obtain a specific rating) from ▇▇▇▇▇’▇ and S&P in respect of the BorrowerLoans.

Appears in 5 contracts

Sources: First Lien Credit Agreement and Security Agreement (Exela Technologies, Inc.), First Lien Credit Agreement, First Lien Credit Agreement (Exela Technologies, Inc.)

Rating. Exercise commercially reasonable efforts to obtain and to maintain (a) public ratings (but not to obtain a specific rating) from ▇▇▇▇▇’▇ Moody’s and S&P for the Term B B-1 Loans and (b) public corporate credit ratings and corporate family ratings (but, in each case, not to obtain a specific rating) from ▇▇▇▇▇’▇ Moody’s and S&P in respect of the Borrower.

Appears in 3 contracts

Sources: Credit Agreement (Playtika Holding Corp.), Incremental Assumption and Amendment Agreement (ADT Inc.), Incremental Assumption and Amendment Agreement (ADT Inc.)

Rating. Exercise commercially reasonable efforts to obtain and to maintain (a) public ratings (but not to obtain a specific rating) from ▇▇▇▇▇’▇ and S&P for the Term B Loans and (b) public corporate credit ratings and corporate family ratings (but, in each case, not to obtain a specific rating) from ▇▇▇▇▇’▇ and S&P in respect of the Borrower.

Appears in 3 contracts

Sources: Credit Agreement (Playtika Holding Corp.), Credit Agreement (CAESARS ENTERTAINMENT Corp), Credit Agreement (Caesars Acquisition Co)

Rating. Exercise commercially reasonable efforts to obtain and to maintain (a) public ratings (but not to obtain a specific rating) from ▇▇▇▇▇’▇ Moody’s and S&P for the Term B B-1 Loans and Term B-2 Loans and (b) public corporate credit ratings and corporate family ratings (but, in each case, not to obtain a specific rating) from ▇▇▇▇▇’▇ Moody’s and S&P in respect of the Borrower.

Appears in 3 contracts

Sources: Incremental Assumption and Amendment Agreement (ADT Inc.), Incremental Assumption and Amendment Agreement (ADT Inc.), Incremental Assumption and Amendment Agreement (ADT Inc.)

Rating. Exercise commercially reasonable efforts to obtain and to maintain (a) public ratings (but not to obtain a specific rating) from ▇▇▇▇▇’▇ Moody’s and S&P for the Term B Loans and (b) public corporate credit ratings and corporate family ratings (but, in each case, not to obtain a specific rating) from ▇▇▇▇▇’▇ Moody’s and S&P in respect of the Borrower.

Appears in 3 contracts

Sources: Incremental Assumption and Amendment Agreement (QXO, Inc.), Term Loan Credit Agreement (QXO, Inc.), Successor Agent Appointment and Agency Transfer Agreement (Rackspace Technology, Inc.)

Rating. Exercise commercially reasonable efforts to obtain and to maintain (a) public ratings (but not to obtain a specific rating) from M▇▇▇▇’▇ and S&P for the Term B Loans and (b) public corporate credit ratings and corporate family ratings (but, in each case, not to obtain a specific rating) from M▇▇▇▇’▇ and S&P in respect of the Borrower.

Appears in 3 contracts

Sources: Credit Agreement (SeaWorld Entertainment, Inc.), Credit Agreement (Dave & Buster's Entertainment, Inc.), First Lien Credit Agreement (Hostess Brands, Inc.)

Rating. Exercise commercially reasonable efforts to obtain and to maintain (a) public ratings (but not to obtain a specific rating) from M▇▇▇▇’▇ and S&P for the Term B B-1 Loans and (b) public corporate credit ratings and corporate family ratings (but, in each case, not to obtain a specific rating) from M▇▇▇▇’▇ and S&P in respect of the Borrower.

Appears in 2 contracts

Sources: Incremental Assumption and Amendment Agreement (ADT Inc.), Incremental Assumption and Amendment Agreement (ADT Inc.)

Rating. Exercise commercially reasonable efforts to obtain and to maintain (a) public ratings (but not to obtain a specific rating) from ▇▇▇▇▇’▇ and S&P for the Term B Loans and (b) public corporate credit ratings and corporate family ratings (but, in each case, not to obtain a specific rating) from ▇▇▇▇▇’▇ and S&P in respect of the BorrowerHoldings.

Appears in 2 contracts

Sources: Credit Agreement (Presidio, Inc.), Credit Agreement (Presidio, Inc.)

Rating. Exercise commercially reasonable efforts to obtain and to maintain (a) public ratings (but not to obtain a specific rating) from ▇▇▇▇▇’▇ Moody’s and S&P for the Term B Loans and (b) public corporate credit ratings and corporate family ratings (but, in each case, not to obtain a specific rating) from ▇▇▇▇▇’▇ Moody’s and S&P in respect of the Borrower.

Appears in 2 contracts

Sources: Credit Agreement (United Parks & Resorts Inc.), Credit Agreement (United Parks & Resorts Inc.)

Rating. Exercise commercially reasonable efforts to obtain and to maintain (a) public ratings (but not to obtain a specific rating) from ▇▇▇▇▇’▇ and S&P for the Term B Loans and the Term B-1 Loans and (b) public corporate credit ratings and corporate family ratings (but, in each case, not to obtain a specific rating) from ▇▇▇▇▇’▇ and S&P in respect of the BorrowerBorrowers.

Appears in 1 contract

Sources: Incremental Assumption Agreement (Caesars Entertainment, Inc.)

Rating. Exercise commercially reasonable efforts to obtain and to maintain (a) public ratings (but not to obtain a specific rating) from ▇▇▇▇▇’▇ and S&P for the Term B BB-1 Loans and (b) public corporate credit ratings and corporate family ratings (but, in each case, not to obtain a specific rating) from ▇▇▇▇▇’▇ and S&P in respect of the Borrower.

Appears in 1 contract

Sources: Incremental Assumption Agreement and Second Amendment to Credit Agreement (Playtika Holding Corp.)

Rating. Exercise commercially reasonable efforts to obtain and to maintain (a) public ratings (but not to obtain a specific rating) from ▇▇▇▇▇’▇ and S&P for the Initial2017 Term B Loans [and Incremental Term B-1 Loans]2 and (b) public corporate credit ratings and corporate family ratings (but, in each case, not to obtain a specific rating) from ▇▇▇▇▇’▇ and S&P in respect of the Lux Borrower.

Appears in 1 contract

Sources: Credit Agreement (Mallinckrodt PLC)

Rating. Exercise commercially reasonable efforts to obtain and to maintain (a) public ratings (but not to obtain a specific rating) from ▇▇▇▇▇’▇ and S&P for the 2017 Term B Loans and the 2018 Incremental Term Loans and (b) public corporate credit ratings and corporate family ratings (but, in each case, not to obtain a specific rating) from ▇▇▇▇▇’▇ and S&P in respect of the Lux Borrower.

Appears in 1 contract

Sources: Incremental Assumption Agreement (Mallinckrodt PLC)

Rating. Exercise commercially reasonable efforts to obtain and to maintain (a) public ratings (but not to obtain a specific rating) from ▇▇▇▇▇’▇ and S&P for the Initial Term B Loans and (b) and public corporate credit ratings and corporate family ratings (but, in each case, not to obtain a specific rating) from ▇▇▇▇▇’▇ and S&P in respect of the Lux Borrower.

Appears in 1 contract

Sources: Credit Agreement (Mallinckrodt PLC)

Rating. Exercise commercially reasonable efforts to obtain and to maintain (a) public ratings (but not to obtain a specific rating) from ▇▇▇▇▇’▇ and S&P for the Term B Loans and (b) public corporate credit ratings and corporate family ratings (but, in each case, not to obtain a specific rating) from ▇▇▇▇▇’▇ and S&P in respect of the Borrower.

Appears in 1 contract

Sources: Credit Agreement (United Parks & Resorts Inc.)

Rating. Exercise commercially reasonable efforts to obtain and to maintain (a) public ratings (but not to obtain a specific rating) from ▇▇▇▇▇’▇ and S&P for the Initial Term B Loans and (b) public corporate credit ratings and corporate family ratings (but, in each case, not to obtain a specific rating) from ▇▇▇▇▇’▇ and S&P in respect of the Lux Borrower.

Appears in 1 contract

Sources: Credit Agreement (Mallinckrodt PLC)

Rating. Exercise commercially reasonable efforts to obtain and to maintain (a) public ratings (but not to obtain a specific rating) from M▇▇▇▇’▇ and S&P for the 20232024 Refinancing Term B Loans and (b) public corporate credit ratings and corporate family ratings (but, in each case, not to obtain a specific rating) from M▇▇▇▇’▇ and S&P in respect of the Borrower.

Appears in 1 contract

Sources: Credit Agreement (Dave & Buster's Entertainment, Inc.)

Rating. Exercise commercially reasonable efforts to obtain and to maintain (a) public ratings (but not to obtain a specific rating) from ▇▇▇▇▇’▇ and S&P for the 2023 Refinancing Term B Loans and (b) public corporate credit ratings and corporate family ratings (but, in each case, not to obtain a specific rating) from ▇▇▇▇▇’▇ and S&P in respect of the Borrower.

Appears in 1 contract

Sources: Credit Agreement (Dave & Buster's Entertainment, Inc.)

Rating. Exercise commercially reasonable efforts to obtain and to maintain (a) public ratings (but not to obtain a specific rating) from ▇▇▇▇▇’▇ and S&P for the Term B Loans and (b) public corporate credit ratings and corporate family ratings (but, in each case, not to obtain a specific rating) from ▇▇▇▇▇’▇ and S&P in respect of the BorrowerBorrowers.

Appears in 1 contract

Sources: Credit Agreement (CAESARS ENTERTAINMENT Corp)