Examples of Index Debt Rating in a sentence
The Company shall use commercially reasonable efforts to maintain an Index Debt Rating, to the extent available, from each of S&P, Xxxxx’x and Fitch (it being understood that Xxxxx’x does not provide Index Debt Ratings for investment grade companies); provided, that the Company shall not be required to obtain or maintain, as applicable, a specific Index Debt Rating.
The Company shall use commercially reasonable efforts to maintain an Index Debt Rating, to the extent available, from each of S&P, Moody’s and Fitch (it being understood that Moody’s does not provide Index Debt Ratings for investment grade companies); provided, that the Company shall not be required to obtain or maintain, as applicable, a specific Index Debt Rating.
If, at any time, a rating of the Borrower’s Index Debt (or Guarantor Debt, if applicable) is available from only two of S&P, Xxxxx’x and Fitch, then the Facility Fee and the Applicable Margin shall be based on the Index Debt Rating available from such two rating agencies.
The Company will use commercially reasonable efforts to cause its Index Debt Rating with S&P and Xxxxx’x to be in effect at all times through the Stated Maturity Date.
Promptly after Mxxxx’x or S&P shall have announced a change in the Index Debt Rating, a notice of such change describing the same in detail.