Ratings Change. Promptly after Xxxxx’x or S&P shall have announced a change in the rating, established or deemed to have been established for the Borrower or any Material Indebtedness, written notice of such rating change.
Ratings Change. If the Applicable Margin shall change as a result of a change in the Borrower’s Credit Rating and then within a 90-day period change back to the Applicable Margin in effect at the beginning of such period as a result of another change in such Credit Rating, and (i) if the initial change in the Applicable Margin were an increase, then the Borrower will receive as a credit against its Obligations any incremental interest expense with respect to the Loans and the Facility Fee for the period during which the increase existed and (ii) if the initial change in the Applicable Margin were a decrease, then the Borrower shall promptly pay to the Agent for the benefit of the Lenders additional interest with respect to the Loans and additional Facility Fees for the period during which the decrease existed determined as if such decrease had not occurred.
Ratings Change. Promptly, and in any event within 2 Business Days of any change in the Borrower’s Credit Rating, a certificate stating that the Borrower’s Credit Rating has changed and providing the new Credit Rating that is in effect;
Ratings Change. The occurrence of any change from time to time in the ratings from S&P or Xxxxx’x of the Performance Guarantor’s long term unsecured debt.
Ratings Change. If the Applicable Margin shall change as a result of a change in the Borrower’s Credit Rating and then within a 90-day period change back to the Applicable Margin in effect at the beginning of such period as a result of another change in such Credit Rating, and (i) if the initial change in the Applicable Margin was an increase, then the Borrower will receive as a credit against its Obligations for the period during which the increase existed any incremental interest expense with respect to the Loans the interest rate on which included the Applicable Margin and (ii) if the initial change in the Applicable Margin was a decrease, then the Borrower shall promptly pay to the Agent for the ratable benefit of the Lenders for the period during which the increase existed determined as if such decrease had not occurred additional interest with respect to the Loans the interest rate on which included the Applicable Margin.
Ratings Change. If the Borrower or one of its Subsidiaries becomes a publicly traded company, promptly after Xxxxx'x or S&P shall have announced a change in the rating of the Borrower or one of its Subsidiaries, written notice of such rating change.
Ratings Change. To the extent that any Obligor or any Subsidiary has any rated Index Debt or any other rated Material Indebtedness, promptly after Mxxxx’x, S&P or any other relevant rating agency shall have announced a change in the rating established or deemed to have been established for such Index Debt or such other Material Indebtedness, written notice of such rating change.
Ratings Change. If the Applicable Margin shall change as a result of a change in the Borrower’s Credit Rating and then within a 90-day period change back to the Applicable Margin in effect at the beginning of such period as a result of another change in such Credit Rating, and (i) if the initial change in the Applicable Margin was an increase, then the Borrower will receive as a credit against its Obligations for the period during which the increase existed (x) any incremental interest expense with respect to the Loans the interest rate on which included the Applicable Margin and (y) any incremental Facility Fee expense and (ii) if the initial change in the Applicable Margin was a decrease, then the Borrower shall promptly pay to the Agent for the ratable benefit of the Lenders for the period during which the increase existed determined as if such decrease had not occurred (x) additional interest with respect to the Loans the interest rate on which included the Applicable Margin and (y) additional Facility Fees.
Ratings Change. Notice of a change in any Credit Rating within two Business Days of the occurrence of such change;
