Examples of Specified Rating Agencies in a sentence
Maintenance of Rating Crombie will be required to maintain at least one rating on the Notes from any of the Specified Rating Agencies, provided that such rating is available on commercially reasonable terms.Certain Covenants in the Base Indenture The Base Indenture will contain covenants substantially to the following effect.
Maintenance of Rating Crombie will be required to maintain at least one rating on the Notes from any of the Specified Rating Agencies, provided that such rating is available on commercially reasonable terms.
Notwithstanding the foregoing, however, if the senior unsecured rating from either S&P or Fitch (each, a “Specified Ratings Agency”) is BBB- or better and at such time the senior unsecured rating from the other Specified Ratings Agency is not lower than BB+, the senior unsecured rating from Moody’s shall no longer be applicable for purposes of determining pricing, and pricing will be based solely on the senior unsecured ratings from the Specified Rating Agencies in accordance with this paragraph.