Common use of Rating Requirement Clause in Contracts

Rating Requirement. At the date of this Agreement and at the Closing Time, the Securities shall be rated at least “Baa2” by Xxxxx’x Investor’s Service Inc. (“Xxxxx’x”), “BBB” by Standard & Poor’s (“S&P”) and “BBB+” by Fitch, Inc. (“Fitch”), and the Company shall have delivered to the Representatives a letter, dated the Closing Time, from each such rating agency, or other evidence satisfactory to the Representatives, confirming that the Securities have such ratings.

Appears in 2 contracts

Samples: Purchase Agreement (Realty Income Corp), Purchase Agreement (Realty Income Corp)

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Rating Requirement. At the date of this Agreement and at the Closing Time, the Securities shall be rated at least “Baa2Baa1” by Xxxxx’x Moody’s Investor’s Service Inc. (“Xxxxx’xMoody’s”), “BBB” by Standard & Poor’s (“S&P”) and “BBB+” by Fitch, Inc. (“Fitch”), and the Company shall have delivered to the Representatives a letter, dated the Closing Time, from each such rating agency, or other evidence satisfactory to the Representatives, confirming that the Securities have such ratings.

Appears in 2 contracts

Samples: Purchase Agreement (Realty Income Corp), Purchase Agreement (Realty Income Corp)

Rating Requirement. At the date of this Agreement and at the Closing Time, the Securities shall be rated at least “Baa2Baa3” by Xxxxx’x Moody’s Investor’s Service Inc. (“Xxxxx’xMoody’s”), “BBB” BBB-“ by Standard & Poor’s (“S&P”) and “BBB+BBB” by Fitch, Inc. (“Fitch”), and the Company shall have delivered to the Representatives a letter, dated the Closing Time, from each such rating agency, or other evidence satisfactory to the Representatives, confirming that the Securities have such ratings.

Appears in 1 contract

Samples: Purchase Agreement (Realty Income Corp)

Rating Requirement. At the date of this Agreement and at the Closing Time, the Securities shall be rated at least “Baa2Baa3” by Xxxxx’x Moody’s Investor’s Service Inc. (“Xxxxx’xMoody’s”), “BBBBBB-” by Standard & Poor’s (“S&P”) and “BBB+BBB-” by Fitch, Inc. (“Fitch”), and the Company shall have delivered to the Representatives Representative a letter, dated the Closing Time, from each such rating agency, or other evidence satisfactory to the RepresentativesRepresentative, confirming that the Securities have such ratings.

Appears in 1 contract

Samples: Purchase Agreement (Realty Income Corp)

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Rating Requirement. At the date of this Agreement and at the Closing Time, the Securities shall be rated at least “Baa2Baa3” by Xxxxx’x Moody’s Investor’s Service Inc. (“Xxxxx’xMoody’s”), “BBBBBB-” by Standard & Poor’s (“S&P”) and “BBB+BBB-” by Fitch, Inc. (“Fitch”), and the Company shall have delivered to the Representatives a letter, dated the Closing Time, from each such rating agency, or other evidence satisfactory to the Representatives, confirming that the Securities have such ratings.

Appears in 1 contract

Samples: Purchase Agreement (Realty Income Corp)

Rating Requirement. At the date of this Agreement and at the Closing Time, the Securities shall be rated at least “Baa2” by Xxxxx’x Moody’s Investor’s Service Inc. (“Xxxxx’xMoody’s”), “BBB” by Standard & Poor’s (“S&P”) and “BBB+BBB” by Fitch, Inc. (“Fitch”), and the Company shall have delivered to the Representatives a letter, dated the Closing Time, from each such rating agency, or other evidence satisfactory to the Representatives, confirming that the Securities have such ratings.

Appears in 1 contract

Samples: Purchase Agreement (Realty Income Corp)

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