Examples of Relevant Rating Agency in a sentence
The Trustee shall be entitled to assume, for the purpose of exercising any power, trust, duty or discretion under or in relation to this Condition 12.2, that any exercise of such power, trust, duty or discretion will not be materially prejudicial to the interests of the relevant Noteholders if the Relevant Rating Agency has confirmed in writing that its current rating(s) of the relevant Notes then in force will not be adversely affected by such exercise.
A written confirmation from a Relevant Rating Agency (a “Rating Agency Confirmation”) that any action proposed to be taken by the Issuer or any Series Party will not have an adverse effect on the then current rating of any rated Instruments does not, for example, confirm that such action (i) is permitted by the terms of the Instruments or (ii) is in the best interests of, or not prejudicial to, the Instrumentholders.
Potential investors should note that where a Series of Instruments is to be rated, such rating will not necessarily be the same as any rating assigned to any Instruments already issued, and that a rating is not a recommendation to buy, sell or hold instruments and may be subject to suspension, reduction or withdrawal at any time by the Relevant Rating Agency.
It should be noted that, depending on the timing of delivery of the request and any information needed to be provided as part of any such request, it may be the case that a Relevant Rating Agency cannot provide a written Rating Agency Confirmation in the time available or at all, and the Relevant Rating Agency should not be responsible for the consequences thereof.
Further, if at the time of the occurrence of the relevant Change of Control the Issuer’s Senior Unsecured Obligations are not assigned an Investment Grade Rating by any Relevant Rating Agency, a Change of Control Event will be deemed to occur upon the occurrence of a Change of Control alone.