Credit Rating Downgrade Sample Clauses

Credit Rating Downgrade. If, during the term of this Agreement, there is an adverse change in the financial condition of the Seller such that any of the Rating Agencies downgrades or issues a downgrade warning, the Seller must so inform T&D within five (5) Business Days of such downgrade or warning.
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Credit Rating Downgrade. The Borrower must promptly, upon becoming aware of it, notify the Lender and K-SURE of any downgrades to its credit rating of its bonds and/or notes obtained from Korea Ratings Corp., Korea Investor Service Inc. or NICE Investor Service.
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Credit Rating Downgrade. If S&P or Xxxxx’x downgrade the Corporate Credit Rating or senior secured or unsecured debt issue rating of KCP&L or Westar (the “Impacted Utility”) or Holdco to below investment grade (i.e., below BBB- or Baa3), the “Impacted Utility” or Holdco commit to file: 8 In The Matter of the Application of Great Plains Energy Incorporated for Approval of its Merger with Westar Energy, Inc., Case No. EM-2018-0012, Stipulation and Agreement filed January 12, 2018, Condition 31.
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Credit Rating Downgrade. If S&P or Xxxxx’x downgrade the Corporate Credit Rating or senior secured or unsecured debt issue rating of KCP&L or Westar (the “Impacted Utility”) or Holdco to below investment grade (i.e., below BBB- or Baa3), the “Impacted Utility” or Holdco commits to file: i. Notice with the Commission within five (5) business days of such downgrade that includes specification of the affected credit rating(s), the pre- and post-downgrade credit ratings of each affected credit rating, and a full explanation of why the credit rating agency or agencies downgraded each of the affected credit ratings;
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Credit Rating Downgrade. ‌ The long-term credit rating of any Bonds ascribed by the Rating Agency/ies which have been engaged by the Issuer to provide a public long-term credit rating) is downgraded below Investment Grade.
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Credit Rating Downgrade. The occurrence of a Trigger Event referred to in Paragraph 9 (Credit Rating Downgrade) of Part 1 (Trigger Events) of this Schedule 3 (Trigger Events) will be remedied if the credit rating of the Bonds given by the Rating Agency/ies that have been engaged by the Issuer to provide a public long term credit rating is no longer below Investment Grade.
Sample 1
Credit Rating Downgrade. If, during the term of this Agreement, there is an adverse change in the financial condition of a Party or the issuer of any Credit Support such that any of the Rating Agencies downgrades or issues a downgrade warning, the Party must so inform the other Party within five (5) Business Days of such downgrade or warning, provided, however, that any failure to provide notification shall not be a default pursuant to Article 9
Sample 1
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Related to Credit Rating Downgrade

  • Credit Rating With respect to the Competitive Supplier or Competitive Supplier’s Guarantor, its senior unsecured, unsubordinated long-term debt rating, not supported by third party credit enhancement, and if such debt is no longer rated, then the corporate or long-term issuer rating of Competitive Supplier or Competitive Supplier’s Guarantor.

  • Credit Ratings Use commercially reasonable efforts to maintain at all times (a) a credit rating by each of S&P and Xxxxx’x in respect of the Term Facility and (b) a public corporate rating by S&P and a public corporate family rating by Xxxxx’x for the Borrower, in each case with no requirement to maintain any specific minimum rating.

  • Rating Agency Downgrade In the event that DBAG’s short-term unsecured and unsubordinated debt rating is reduced below “A-1” by S&P or, if DBAG has both a long-term credit rating and a short-term credit rating from Moody’s, and either its long-term unsecured and unsubordinated debt rating is withdrawn or reduced below “A2” by Moody’s or its short-term credit rating is withdrawn or reduced below “P-1” by Moody’s (and together with S&P, the “Swap Rating Agencies”, and such rating thresholds, “Approved Rating Thresholds”), then within 30 days after such rating withdrawal or downgrade, DBAG shall, subject to the Rating Agency Condition and at its own expense, either (i) cause another entity to replace DBAG as party to this Agreement that meets or exceeds the Approved Rating Thresholds on terms substantially similar to this Agreement, (ii) obtain a guaranty of, or a contingent agreement of another person with the Approved Rating Thresholds, to honor, DBAG’s obligations under this Agreement, (iii) post collateral which will be sufficient to restore the immediately prior ratings of the Certificates and any Notes, or (iv) establish any other arrangement which will be sufficient to restore the immediately prior ratings of the Certificates and any Notes. In the event that DBAG’s long-term unsecured and unsubordinated debt rating is reduced below “BBB-” or its short-term unsecured and unsubordinated debt rating is reduced below “A-3” or is withdrawn by S&P or DBAG’s long-term unsecured and unsubordinated debt rating is withdrawn or reduced below “A3” by Moody’s or its short-term credit rating is reduced below “P-2” by Moody’s, then within 10 days after such rating withdrawal or downgrade, DBAG shall, subject to the Rating Agency Condition and at its own expense, either (i) cause another entity to replace DBAG as party to this Agreement that meets or exceeds the Approved Rating Thresholds on terms substantially similar to this Agreement or (ii) obtain a guaranty of, or a contingent agreement of another person with the Approved Rating Thresholds to honor, DBAG’s obligations under this Agreement. In either case, DBAG shall deliver collateral acceptable to the Swap Rating Agencies until DBAG has made such transfer or obtained a guaranty as set forth in (i) and (ii) above. For purposes of this provision, “Rating Agency Condition” means, with respect to any particular proposed act or omission to act hereunder that the party acting or failing to act must consult with each of the Swap Rating Agencies then providing a rating of the Certificates and any Notes and receive from each of the Swap Rating Agencies a prior written confirmation that the proposed action or inaction would not cause a downgrade or withdrawal of the then-current rating of the Certificates or any Note.

  • Debt Rating The Liquidity Provider has a short-term debt ratings of “P-1” from Xxxxx’x and “F1+” from Fitch.

  • Required Ratings The Offered Certificates shall have received Required Ratings of at least [ ] from [ ].

  • Debt Ratings Prompt notice of any change in its Debt Ratings.

  • Ratings Downgrade For purposes of each Transaction:

  • Ratings No “nationally recognized statistical rating organization” as such term is defined for purposes of Rule 436(g)(2) (i) has imposed (or has informed the Company that it is considering imposing) any condition (financial or otherwise) on the Company’s retaining any rating assigned to the Company or any securities of the Company or (ii) has indicated to the Company that it is considering any of the actions described in Section 7(c)(ii) hereof.

  • Moody’s Xxxxx’x Investors Service, Inc. and its successors.

  • No Downgrade Subsequent to the earlier of (A) the Time of Sale and (B) the execution and delivery of this Agreement, (i) no downgrading shall have occurred in the rating accorded the Securities or any other debt securities or preferred stock issued or guaranteed by the Company or any of its subsidiaries by any “nationally recognized statistical rating organization”, as such term is defined under Section 3(a)(62) under the Exchange Act and (ii) no such organization shall have publicly announced that it has under surveillance or review, or has changed its outlook with respect to, its rating of the Securities or of any other debt securities or preferred stock issued or guaranteed by the Company or any of its subsidiaries (other than an announcement with positive implications of a possible upgrading).

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