Common use of S&P Rating Clause in Contracts

S&P Rating. Borrower will use its best efforts to obtain on or before December 31, 1997, and shall thereafter always maintain in effect, an investment grade rating for the long-term unsecured debt of Borrower from Standard & Poor's Rating Group or ▇▇▇▇▇ Investor Services. Borrower shall pay all of the fees, costs and expenses incurred in connection with obtaining and maintaining such rating.

Appears in 1 contract

Sources: Loan Agreement (Bre Properties Inc /Md/)

S&P Rating. Borrower will use its best efforts to obtain on or before December 31, 1997, and shall thereafter always maintain in effect, an investment grade rating for the long-term unsecured debt of Borrower from Standard & Poor's Rating Group or ▇▇▇▇▇ Investor Services. Borrower shall pay all of the fees, costs and expenses incurred in connection with obtaining and maintaining such rating.Investor

Appears in 1 contract

Sources: Loan Agreement (Bre Properties Inc /Md/)