Examples of Below Investment Grade Rating Event in a sentence
Neither the Trustee nor any Paying Agent shall be responsible for determining whether any Change of Control or Below Investment Grade Rating Event has occurred and whether any Change of Control offer with respect to the Notes is required.
Change of ControlTriggering Event: means the occurrence of both a Change of Control and a Below Investment Grade Rating Event.
Change of Control TriggeringEvent: Means the occurrence of both a Change of Control and a Below Investment Grade Rating Event.
Neither the Trustee nor any Paying Agent shall be responsible (or liable) for determining whether any Change of Control or Below Investment Grade Rating Event has occurred and whether any Change of Control offer with respect to the Notes is required.
If at any time a Below Investment Grade Rating Event occurs, then as of the date of the occurrence of the Below Investment Grade Rating Event to and until the date on which the Notes have received an Investment Grade Rating from a Rating Agency, the Notes shall bear Additional Interest at an annual rate equal to 0.75% of the aggregate principal amount of the Notes.