Common use of Reports to Rating Agencies and Additional Recipients Clause in Contracts

Reports to Rating Agencies and Additional Recipients. In addition to the information and reports specifically required to be provided to the Rating Agencies pursuant to the terms of this Indenture, the Issuer shall provide each Rating Agency with such additional information as it may from time to time reasonably request, and the Issuer shall notify each Rating Agency of any Specified Amendment, which notice of a Specified Amendment shall include (x) a copy of such Specified Amendment, (y) a brief summary of its purpose and (z) which criteria under the definition of “Collateral Obligation” are no longer satisfied with respect to such Collateral Obligation after giving effect to the Specified Amendment, if any; provided, that any notification to Moody’s regarding a Specified Amendment shall be delivered to ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇@▇▇▇▇▇▇.▇▇▇ and any notification to Fitch regarding a Specified Amendment shall be delivered to ▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇@▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇. Moody’s may, at its option, re-determine the credit estimate of any such Collateral Obligation which is subject to a Specified Amendment. The Issuer (or the Collateral Manager on behalf of the Issuer) shall deliver to ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇@▇▇▇▇▇▇.▇▇▇ in connection with each Distribution Report, a file containing the current RiskCalc estimates, the rating date and rating for applicable Collateral Obligations.

Appears in 2 contracts

Sources: Indenture (NewStar Financial, Inc.), Indenture (NewStar Financial, Inc.)

Reports to Rating Agencies and Additional Recipients. In addition to the information and reports specifically required to be provided to the Rating Agencies pursuant to the terms of this Indenture, the Issuer shall provide each Rating Agency with such additional information as it may from time to time reasonably request, and the Issuer shall notify each Rating Agency of any Specified Amendment, which notice of a Specified Amendment shall include (x) a copy of such Specified Amendment, (y) a brief summary of its purpose and (z) which criteria under the definition of “Collateral Obligation” are no longer satisfied with respect to such Collateral Obligation after giving effect to the Specified Amendment, if any; provided, that any notification to Moody’s ▇▇▇▇▇’▇ regarding a Specified Amendment shall be delivered to ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇@▇▇▇▇▇▇.▇▇▇ and any notification to Fitch regarding a Specified Amendment shall be delivered to ▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇@▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇. Moody’s ▇▇▇▇▇’▇ may, at its option, re-determine the credit estimate of any such Collateral Obligation which is subject to a Specified Amendment. The Issuer (or the Collateral Manager on behalf of the Issuer) shall deliver to ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇@▇▇▇▇▇▇.▇▇▇ in connection with each Distribution Report, a file containing the current RiskCalc estimates, the rating date and rating for applicable Collateral Obligations.

Appears in 1 contract

Sources: Indenture (NewStar Financial, Inc.)