Examples of Approved Rating Agency in a sentence
In respect of a security or loan which is rated by more than one of Moody’s, Fitch, S&P and/or an Approved Rating Agency, the lowest rating shall be used for the purposes of assessing compliance with sub-paragraph (B)(4) above.
On or before December 31, 1996, Borrower will obtain, and shall thereafter always maintain in effect, a rating for the long-term unsecured debt of Borrower from Standard & Poor's Rating Group, Xxxxx Investor Services, Fitch Investor Services, Duff & Xxxxxx or any other nationally recognized rating agency approved by Lender (an "Approved Rating Agency").
It is expressly agreed and understood, however, that receipt of a Review Waiver (i) from any one Approved Rating Agency shall not be binding or apply with respect to any other Approved Rating Agency and (ii) with respect to one matter shall not apply or be deemed to apply to any subsequent matter for which Rating Agency Confirmation is required.
After receiving such rating, Borrower shall take all steps necessary to maintain such rating and shall provide the Approved Rating Agency and Lender with all such information as may be necessary to monitor, assess and maintain such rating.
Not less frequently than once every twelve calendar months during the term of each series of Notes, the Company shall cause such rating with respect to such Notes to be maintained by an Approved Rating Agency and evidence of such rating shall be delivered to each holder of Notes.