Common Contracts
2 similar Credit Agreement contracts by Meadwestvaco Corp
AMENDED AND RESTATED FIVE-YEAR CREDIT AGREEMENT dated as of December 18, 2003 among MEADWESTVACO CORPORATION, the banks and financial institutions listed on the signature pages hereof, THE BANK OF NEW YORK, as Administrative Agent, BANK ONE, NA, as...Credit Agreement • February 27th, 2004 • Meadwestvaco Corp • Paper mills • New York
Changes in the Applicable Percentage resulting from a change in the Pricing Level shall become effective on the effective date of any change in the Senior Unsecured Debt Rating from S&P or Moody’s, as the case may be. Notwithstanding anything herein to the contrary, in the event that (A) the applicable Senior Unsecured Debt Ratings by S&P and Moody’s are split-rated (i) by one rating category, the Pricing Level shall be determined by the higher of such two rating categories, and (ii) by more than one ratings category, the Pricing Level shall be one rating category below the higher of the two ratings categories, (B) either S&P or Moody’s (but not both) shall no longer issue a rating for the Borrower’s senior unsecured long-term debt, the Pricing Level shall be determined by the remaining Senior Unsecured Debt Rating, and (C) in the event that both S&P and Moody’s shall no longer issue a rating for the Borrower’s senior unsecured long-term debt unless and until the date, if any, that the
SECOND AMENDED AND RESTATED 364-DAY CREDIT AGREEMENT dated as of December 18, 2003 among MEADWESTVACO CORPORATION the banks and financial institutions listed on the signature pages hereof THE BANK OF NEW YORK, as Administrative Agent, BANK ONE, NA, as...Credit Agreement • February 27th, 2004 • Meadwestvaco Corp • Paper mills • New York
Changes in the Applicable Percentage resulting from a change in the Pricing Level shall become effective on the effective date of any change in the Senior Unsecured Debt Rating from S&P or Moody’s, as the case may be. Notwithstanding anything herein to the contrary, in the event that (A) the applicable Senior Unsecured Debt Ratings by S&P and Moody’s are split-rated (i) by one rating category, the Pricing Level shall be determined by the higher of such two rating categories, and (ii) by more than one ratings category, the Pricing Level shall be one rating category below the higher of the two ratings categories, (B) either S&P or Moody’s (but not both) shall no longer issue a rating for the Borrower’s senior unsecured long-term debt, the Pricing Level shall be determined by the remaining Senior Unsecured Debt Rating, and (C) in the event that both S&P and Moody’s shall no longer issue a rating for the Borrower’s senior unsecured long-term debt unless and until the date, if any, that the
