Common use of Ratings Clause in Contracts

Ratings. At Closing Time and at any relevant Date of Delivery, the Underwritten Securities shall have the ratings accorded by any "nationally recognized statistical rating organization," as defined by the Commission for purposes of Rule 436(g)(2) of the 1933 Act Regulations, if and as specified in the applicable Terms Agreement, and the Company shall have delivered to the Representative a letter, dated as of such date, from each such rating organization, or other evidence satisfactory to the Representative, confirming that the Underwritten Securities have such rating. Since the time of execution of such Terms Agreement, there shall not have occurred a downgrading in the rating assigned to the Underwritten Securities or any of the Company's other securities by any such rating organization, and no such rating organization shall have publicly announced that it has under surveillance or review its rating of the Underwritten Securities or any of the Company's other securities.

Ratings. At Closing Time and at any relevant Date of DeliveryTime, the Underwritten Securities Notes shall have the ratings accorded as of the date of this Underwriting Agreement to the Company’s outstanding senior debt securities by any "“nationally recognized statistical rating organization," ” as defined by the Commission for purposes of Rule 436(g)(2Section 3(a)(62) of the 1933 Exchange Act Regulations, if and as specified set forth in the applicable Terms AgreementFinal Term Sheet included in the Disclosure Package, and the Company shall have delivered to the Representative Representatives a letter, dated as of such date, from each such rating organization, or other evidence satisfactory to the RepresentativeRepresentatives, confirming that the Underwritten Securities Notes have such rating. Since the time of execution of such Terms AgreementExecution Time, there shall not have occurred a downgrading in the rating assigned to the Underwritten Securities Notes or any of the Company's ’s other securities by any such rating organization, and no such rating organization shall have publicly announced that it has under surveillance or review its rating of the Underwritten Securities Notes or any of the Company's ’s other securities.

Ratings. At the Closing Time and at any relevant Date of Delivery, the Underwritten Securities shall have the ratings accorded by any "nationally recognized statistical rating organization," ", as defined by the Commission for purposes of Rule 436(g)(2) of the 1933 Act Regulations, if and as specified in the applicable Terms Agreement, and the Company shall have delivered to the Representative Underwriters a letter, dated as of such date, from each such rating organization, or other evidence satisfactory to the RepresentativeUnderwriters, confirming that the Underwritten Securities have such ratingratings. Since the time of execution of such Terms Agreement, there shall not have occurred a downgrading in in, or withdrawal of, the rating assigned to the Underwritten Securities or any of the Company's other securities by any such nationally recognized statistical rating organization, and no such rating organization shall have publicly announced that it has under surveillance or review its rating of the Underwritten Securities or any of the Company's other securities.

Ratings. At Closing Time and at any relevant Date of Delivery, the Underwritten Securities shall have the ratings accorded by any "nationally recognized statistical rating organization," as defined by the Commission for purposes of Rule 436(g)(2) of the 1933 Act Regulations, if and as specified in the applicable Terms Agreement, and the Company shall have delivered to the Representative Representatives a letter, dated as of such date, from each such rating organization, or other evidence satisfactory to the RepresentativeRepresentatives, confirming that the Underwritten Securities have such ratingratings. Since the time of execution of such Terms Agreement, there shall not have occurred a downgrading in the rating assigned to the Underwritten Securities or any of the Company's other securities by any such rating organization, and no such rating organization shall have publicly announced that it has under surveillance or review review, with possible negative implications, its rating of the Underwritten Securities or any of the Company's other securities.

Ratings. At Closing Time and at any relevant Date of Delivery, the Underwritten Securities shall have the ratings accorded by any "nationally recognized statistical rating organization," ", as defined by the Commission for purposes of Rule 436(g)(2) of the 1933 Act Regulations, if and as specified in the applicable Terms Agreement, and the Company PSEG shall have delivered to the Representative a letter, dated as of such date, from each such rating organization, or other evidence satisfactory to the Representative, confirming that the Underwritten Securities have such ratingratings. Since the time of execution of such Terms Agreement, there shall not have occurred a downgrading in in, or withdrawal of, the rating assigned to the Underwritten Securities or any of the CompanyPSEG's other securities by any such rating organization, and no such rating organization shall have publicly announced that it has under surveillance or review its rating of the Underwritten Securities or any of the CompanyPSEG's other securities.

Ratings. At Closing Time and at any relevant Date of Delivery, the Underwritten Securities shall have the ratings accorded by any "nationally recognized statistical rating organization," (as defined by the Commission for purposes of Rule 436(g)(2) of the 1933 Act Regulations, ) if and as specified in the applicable Terms Agreement, and the Company shall have delivered to the Representative Representatives a letter, dated as of such date, from each such rating organization, or other evidence satisfactory to the RepresentativeRepresentatives, confirming that the Underwritten Securities have such ratingratings. Since the time of execution of such Terms Agreement, there shall not have occurred a downgrading in in, or withdrawal of, the rating assigned to the Underwritten Securities or any of the Company's other securities by any such rating organization, and no such rating organization shall have publicly announced that it has under surveillance or review its rating of the Underwritten Securities or any of the Company's other securities.

Ratings. At Closing Time and at any relevant Date of Delivery, the Underwritten Securities shall have the ratings accorded by any "nationally recognized statistical rating organization," ", as defined by the Commission for purposes of Rule 436(g)(2) of the 1933 Act Regulations, if and as specified in the applicable Terms Agreement, and the Company shall have delivered to the Representative a letter, dated as of such date, from each such rating organization, or other evidence satisfactory to the Representative, confirming that the Underwritten Securities have such ratingratings. Since the time of execution of such Terms Agreement, there shall not have occurred a downgrading in in, or withdrawal of, the rating assigned to the Underwritten Securities or any of the Company's or any Guarantor's other securities by any such rating organization, and no such rating organization shall have publicly announced that it has under surveillance or review its rating of the Underwritten Securities or any of the Company's or any Guarantor's other securities.

Ratings. At Closing Time and at any relevant Date of Delivery, the Underwritten Securities shall have the ratings accorded by any "nationally recognized statistical rating organization," as defined by the Commission for purposes of Rule 436(g)(2) of the 1933 Act Regulations, if and as specified in the applicable Terms Agreement, and the Company shall have delivered to the Representative a letter, dated as of such date, from each such rating organization, or other evidence satisfactory to the Representative, confirming that the Underwritten Securities have such ratingratings. Since the time of execution of such Terms Agreement, there shall not have occurred a downgrading in in, or withdrawal of, the rating assigned to the Underwritten Securities or any of the Company's other securities by any such rating organization, and no such rating organization shall have publicly announced that it has under surveillance or review its rating of the Underwritten Securities or any of the Company's other securities.

Ratings. At Closing Time and at any relevant Date of Delivery, the Underwritten Securities shall have the ratings accorded by any "nationally recognized statistical rating organization," ", as defined by the Commission for purposes of Rule 436(g)(2) of the 1933 Act Regulations, if and as specified in the applicable Terms Agreement, and the Company shall have delivered to the Representative Xxxxxxx Xxxxx a letter, dated as of such date, from each such rating organization, or other evidence satisfactory to the RepresentativeXxxxxxx Xxxxx, confirming that the Underwritten Securities have such ratingratings. Since the time of execution of such Terms Agreement, there shall not have occurred a downgrading in the rating assigned to the Underwritten Securities or any of the Company's other securities by any such rating organization, and no such rating organization shall have publicly announced that it has under surveillance or review its rating of the Underwritten Securities or any of the Company's other securities.

Ratings. At Closing Time and at any relevant Date of Delivery, the Underwritten Securities shall have the ratings accorded by any "nationally recognized statistical rating organization," as defined by the Commission for purposes of Rule 436(g)(2) of the 1933 Act Regulations, if and as specified in the applicable Terms Agreement, and the Company Operating Partnership shall have delivered to the Representative First Union a letter, dated as of such date, from each such rating organization, or other evidence satisfactory to the RepresentativeFirst Union, confirming that the Underwritten Securities have such ratingratings. Since the time of execution of such Terms Agreement, there shall not have occurred a downgrading in the rating assigned to the Underwritten Securities or any of the CompanyOperating Partnership's other securities by any such rating organization, and no such rating organization shall have publicly announced that it has under surveillance or review review, with possible negative implications, its rating of the Underwritten Securities or any of the CompanyOperating Partnership's other securities.

Ratings. At Closing Time and at any relevant Date of Delivery, the Underwritten Securities shall have the ratings accorded by any "nationally recognized statistical rating organization," as defined by the Commission for purposes of Rule 436(g)(2) of the 1933 Act Regulations, if and as specified in the applicable Terms Agreement, and the Company shall have delivered to the Representative Xxxxxxx Xxxxx a letter, dated as of such date, from each such rating organization, or other evidence reasonably satisfactory to the RepresentativeXxxxxxx Xxxxx, confirming that the Underwritten Securities have such ratingratings. Since the time of execution of such Terms Agreement, there shall not have occurred a downgrading in the rating assigned to the Underwritten Securities or any of the Company's other securities by any such rating organization, and no such rating organization shall have publicly announced that it has under surveillance or review review, with possible negative implications, its rating of the Underwritten Securities or any of the Company's other securities.

Ratings. At Closing Time and at any relevant Date of Delivery, the Underwritten Securities shall have the ratings accorded by any "nationally recognized statistical rating organization," ", as defined by the Commission for purposes of Rule 436(g)(2) of the 1933 Act Regulations, if and as specified in the applicable Terms Agreement, and the Company shall have delivered to the Representative Xxxxxxx Xxxxx a letter, dated as of such date, from each such rating organization, or other evidence satisfactory to the RepresentativeXxxxxxx Xxxxx, confirming that the Underwritten Securities have such ratingratings. Since the time of execution of such Terms Agreement, there shall not have occurred a downgrading in the rating assigned to the Underwritten Securities Securities, if applicable, or any of the Company's other securities by any such rating organization, and no such rating organization shall have publicly announced that it has under surveillance or review its rating of the Underwritten Securities or any of the Company's other securities.

Ratings. At Closing Time and at any relevant Date of DeliveryTime, the Underwritten Securities shall have the ratings accorded by any "nationally recognized statistical rating organization," ", as defined by the Commission for purposes of Rule 436(g)(2) of the 1933 Act Regulations, if and as specified in the applicable Terms Agreement, and the Company shall have delivered to the Representative [Lead Underwriter] a letter, dated as of such date, from each such rating organization, or other evidence satisfactory to the Representative[Lead Underwriter], confirming that the Underwritten Securities have such ratingratings. Since the time of execution of such Terms Agreement, there shall not have occurred a downgrading in in, or withdrawal of, the rating assigned to the Underwritten Securities or any of the Company's other securities by any such rating organization, and no such rating organization shall have publicly announced that it has under surveillance or review its rating of the Underwritten Securities or any of the Company's other securities.

Ratings. At the Closing Time and at any relevant Date of Delivery, the Underwritten Securities shall have the ratings accorded by any "nationally recognized statistical rating organization," ", as defined by the Commission for purposes of Rule 436(g)(2) of the 1933 Act Regulations, if and as specified in the applicable Terms Agreement, and the Company shall have delivered to the Representative ______________ a letter, dated as of such date, from each such rating organization, or other evidence satisfactory to the Representative______________, confirming that the Underwritten Securities have such ratingratings. Since the time of execution of such Terms Agreement, there shall not have occurred a downgrading in the rating assigned to the Underwritten Securities or any of the Company's other securities by any such rating organization, and no such rating organization shall have publicly announced that it has under surveillance or review review, with possible negative implications, its rating of the Underwritten Securities or any of the Company's other securities.

Ratings. At the Closing Time and at any relevant Date of Delivery, the Underwritten Securities shall have the ratings accorded by any "nationally recognized statistical rating organization," ", as defined by the Commission for purposes of Rule 436(g)(2) of the 1933 Act Regulations, if and as specified in the applicable Terms Agreement, and the Company shall have delivered to the Representative Underwriters a letter, dated as of such date, from each such rating organization, or other evidence satisfactory to the RepresentativeUnderwriters, confirming that the Underwritten Securities have such ratingratings. Since the time of execution of such Terms Agreement, there shall not have occurred a downgrading in in, or withdrawal of, the rating assigned to the Underwritten Securities or any of the Company's other securities by any such rating organization, and no such rating organization shall have publicly announced that it has under surveillance or review its rating of the Underwritten Securities or any of the Company's other securities.

Ratings. At Closing Time and at any relevant Date of Delivery, the Underwritten Securities shall have the ratings accorded by any "nationally recognized statistical rating organization," ", as defined by the Commission for purposes of Rule 436(g)(2) of the 1933 Act Regulations, if and as specified in the applicable Terms Agreement, and the Company shall have delivered to the Representative Xxxxxxx Xxxxx a letter, dated as of such date, from each such rating organization, or other evidence satisfactory to the RepresentativeXxxxxxx Xxxxx, confirming that the Underwritten Securities have such ratingratings. Since the time of execution of such Terms Agreement, there shall not have occurred a downgrading in in, or withdrawal of, the rating assigned to the Underwritten Securities or any of the Company's other securities by any such rating organization, and no such rating organization shall have publicly announced that it has under surveillance or review its rating of the Underwritten Securities or any of the Company's other securities.

Ratings. At Closing Time and at any relevant Date of Delivery, the Underwritten Debt Securities shall have the ratings accorded by any "nationally recognized statistical rating organization," ", as defined by the Commission for purposes of Rule 436(g)(2) of the 1933 Act Regulations, if and as specified in the applicable Terms Agreement, and the Company shall have delivered to the Representative Xxxxxxx Xxxxx a letter, dated as of such date, from each such rating organization, or other evidence satisfactory to the RepresentativeXxxxxxx Xxxxx, confirming that the Underwritten Debt Securities have such ratingratings. Since the time of execution of such Terms Agreement, there shall not have occurred a downgrading in the rating assigned to the Underwritten Debt Securities or any of the Company's other securities by any such rating organization, and no such rating organization shall have publicly announced that it has under surveillance or review its rating of the Underwritten Debt Securities or any of the Company's other securities.

Ratings. At Closing Time and at any relevant Date of Delivery, the Underwritten Securities shall have the ratings accorded by any "nationally recognized statistical rating organization," ", as defined by the Commission for purposes of Rule 436(g)(2) of the 1933 Act Regulations, if and as specified in the applicable Terms Agreement, and the Company shall have delivered to the Representative Mxxxxxx Lxxxx a letter, dated as of such date, from each such rating organization, or other evidence satisfactory to the RepresentativeMxxxxxx Lxxxx, confirming that the Underwritten Securities have such ratingratings. Since the time of execution of such Terms Agreement, there shall not have occurred a downgrading in in, or withdrawal of, the rating assigned to the Underwritten Securities or any of the Company's other securities by any such rating organization, and no such rating organization shall have publicly announced that it has under surveillance or review its rating of the Underwritten Securities or any of the Company's other securities.

Ratings. At Closing Time and at any relevant Date of Delivery, the Underwritten Securities shall have the ratings accorded by any "nationally recognized statistical rating organization," ", as defined by the Commission for purposes of Rule 436(g)(2) of the 1933 Act Regulations, if and as specified in the applicable Terms Agreement, and the Company shall have delivered to the Representative Representatives a letter, dated as of such date, from each such rating organization, or other evidence satisfactory to the RepresentativeRepresentatives, confirming that the Underwritten Securities have such ratingratings. Since the time of execution of such Terms Agreement, there shall not have occurred a downgrading in in, or withdrawal of, the rating assigned to the Underwritten Securities or any of the Company's other securities by any such rating organization, and no such rating organization shall have publicly announced that it has under surveillance or review its rating of the Underwritten Securities or any of the Company's other securities.

Ratings. At Closing Time and at any relevant Date of Delivery, the Underwritten Securities shall have the ratings accorded by any "“nationally recognized statistical rating organization," ”, as defined by the Commission for purposes of Rule 436(g)(2) of the 1933 Act Regulations, if and as specified in the applicable Terms Agreement, and the Company PSEG shall have delivered to the Representative Representatives a letter, dated as of such date, from each such rating organization, or other evidence satisfactory to the RepresentativeRepresentatives, confirming that the Underwritten Securities have such ratingratings. Since the time of execution of such Terms Agreement, there shall not have occurred a downgrading in in, or withdrawal of, the rating assigned to the Underwritten Securities or any of the Company's PSEG’s other securities by any such rating organization, and no such rating organization shall have publicly announced that it has under surveillance or review its rating of the Underwritten Securities or any of the Company's PSEG’s other securities.

Ratings. At Closing Time and at any relevant Date of Delivery, the Underwritten Securities shall have the ratings accorded by any "nationally recognized statistical rating organization," as defined by the Commission for purposes of Rule 436(g)(2) of the 1933 Act Regulations, if and as specified in the applicable Terms Agreement, and the Company shall have delivered to the Representative Xxxxxxx Xxxxx a letter, dated as of such date, from each such rating organization, or other evidence satisfactory to the RepresentativeXxxxxxx Xxxxx, confirming that the Underwritten Securities have such ratingratings. Since the time of execution of such Terms Agreement, there shall not have occurred a downgrading in the rating assigned to the Underwritten Securities or any of the Company's other securities by any such rating organization, and no such rating organization shall have publicly announced that it has under surveillance or review review, with possible negative implications, its rating of the Underwritten Securities or any of the Company's other securities.