Spinco Debt Ratings Sample Clauses

Spinco Debt Ratings. (i) At the Effective Time, Spinco shall have a post-Spin-Off investment grade debt rating of at least BBB from Standard & Poor's Corporation or Baa2 from Moodx'x Xxxestors Services, Inc. as to long-term senior unsecured debt (or the equivalent for issuers which do not have long-term senior unsecured debt outstanding) and (ii) the Company shall have delivered written evidence, dated as of the Closing Date, from such rating agency evidencing such rating. For the avoidance of doubt, the parties hereto acknowledge and agree that possession of one such rating shall satisfy this condition.
AutoNDA by SimpleDocs

Related to Spinco Debt Ratings

  • Debt Ratings Prompt notice of any change in its Debt Ratings.

  • Debt Rating The Liquidity Provider has a short-term debt ratings of “P-1” from Xxxxx’x and “F1+” from Fitch.

  • Credit Ratings Use commercially reasonable efforts to maintain at all times (a) a credit rating by each of S&P and Xxxxx’x in respect of the Term Facility and (b) a public corporate rating by S&P and a public corporate family rating by Xxxxx’x for the Borrower, in each case with no requirement to maintain any specific minimum rating.

  • Required Ratings The Offered Certificates shall have received Required Ratings of at least [ ] from [ ].

  • No Ratings There are no debt securities or preferred stock issued or guaranteed by the Company or any of its subsidiaries that are rated by a “nationally recognized statistical rating organization”, as such term is defined in Section 3(a)(62) of the Exchange Act.

  • Moody’s 37 Mortgage.....................................................................37

  • Credit Rating The credit facilities provided for under this Agreement shall have been assigned a credit rating by S&P and Xxxxx’x.

  • Ratings No “nationally recognized statistical rating organization” as such term is defined for purposes of Rule 436(g)(2) (i) has imposed (or has informed the Company that it is considering imposing) any condition (financial or otherwise) on the Company’s retaining any rating assigned to the Company or any securities of the Company or (ii) has indicated to the Company that it is considering any of the actions described in Section 7(c)(ii) hereof.

  • Rating Letters Solely with respect to the initial advance to be made by each Conduit Lender, the applicable Agent shall have received a letter from each applicable Rating Agency confirming its rating of such Conduit Lender;

  • Changes in Covenants When Notes Rated Investment Grade If on any date following the Issue Date:

Time is Money Join Law Insider Premium to draft better contracts faster.