Rating Notice definition

Rating Notice means a notice provided by the Borrower to the Agent and signed by a Borrower Authorised Signatory, providing the Guarantor’s highest unsecured corporate credit rating between Standard & Poor's or equivalent Mxxxx'x.

Rating Notice is defined in clause (h) of Section 7.1.1.

Rating Notice means written notice from Borrower to Administrative Agent delivered within three (3) Business Days after Borrower receives notice of each change in the rating of Borrower's long-term unsecured senior Debt by any rating agency that has rated Borrower's long-term unsecured senior Debt and certifying that, as of the date of such written notice, (i) Borrower's long-term unsecured senior Debt either (A) was rated by Standard & Poor's and by one of the other rating agencies identified in clause (i) of the Definition of "Borrower's Long-Term Unsecured Senior Debt Rating" (set forth in the definition of "Applicable Pricing Level") (and setting forth the respective ratings of such two rating agencies), (B) was rated by more than two of the rating agencies identified in such clause (i), provided that one of such ratings was by either Moody's Investors Service, Inc. or Standard & Poor's (and setting fxxxx xxe respective ratings of such agencies), or (C) was not rated by two or more of the rating agencies in accordance with such clause (i), and (ii) if either subclause (A) or (B) above applies, the lower of such ratings (if there are two different ratings of Borrower's long-term unsecured senior Debt) or the average of the two lowest ratings (if there are more than two different ratings of such Debt) (or if such two lowest ratings cannot be averaged, the lower of such two lowest ratings).

Examples of Rating Notice in a sentence

• The earlier of (a) the date a Rating Notice is received by the Agent, or (b) the date the Agent, having received actual notice of a change by the Rating Agency of the Borrower's Implied Rating, sends notice to the Borrower of such change, provided that nothing contained herein shall imply any obligation of the Agent to monitor such rating changes.

• The earlier of (a) the date a Rating Notice is received by the Agent, or (b) the date the Agent, having received actual notice of a change by a Rating Agency of its Implied Rating, sends notice to the Borrowers of such change, provided that nothing contained herein shall imply any obligation of the Agent to monitor such rating changes.

• The earlier of (a) the date a Rating Notice is received by the Agent, or (b) the date the Agent, having received actual notice of a change by one of the Rating Agencies of its Implied Rating, sends notice to the Borrower of such change, provided that nothing contained herein shall imply any obligation of the Agent to monitor such rating changes.

• Access Persons also must notify the Chief Compliance Officer immediately if there is any reason to believe that a violation of this Code has occurred or is about to occur.

• The earlier of (a) the date a Rating Notice or notice of the issuance of a Private Letter Rating, as applicable, is received by the Agent, or (b) the date the Agent, having received actual notice of a change by the Rating Agency of the Borrower's Implied Rating, sends notice to the Borrower of such change, provided that nothing contained herein shall imply any obligation of the Agent to monitor such rating changes.

More Definitions of Rating Notice

Rating Notice means written notice from Borrower to Agent delivered during the period commencing on the first day of a Fiscal Quarter and ending on the 45th day of such Fiscal Quarter and certifying that, as of the last day of the Fiscal Quarter most recently ended, (i) Borrower's long-term unsecured senior Debt was rated by Standard & Poor's (and setting forth such rating and certifying thereto), (ii) Borrower's long-term unsecured senior Debt was rated by Moodx'x Xxxestors Service, Inc. (and setting forth such rating and certifying thereto) and (iii) the lower of such ratings was BBB- (which is a Standard & Poor's rating or its equivalent by Moodx'x Xxxestors Service, Inc.) or higher.

Rating Notice has the meaning set forth in Section 5.4(h).

Rating Notice means written notice from Borrower to Administrative Agent delivered within three (3) Business Days after Borrower receives notice of each change in the rating of Borrower's long-term unsecured senior Debt by any rating agency that has rated Borrower's long-term unsecured senior Debt and certifying that, as of the date of such written notice, (i) Borrower's long-term unsecured senior Debt was rated by Standard & Poor's and Xxxxx'x Investors Service, Inc. (and setting forth such rating and certifying thereto) and (ii) the lower of such ratings (if there are two different ratings of Borrower's long-term unsecured senior Debt) was BBB- (which is a Standard & Poor's rating or its equivalent by Xxxxx'x Investors Service, Inc.) or higher.

Rating Notice has the meaning set forth in Section 5.4(i).

Rating Notice means written notice from Borrower to Agent delivered during the period commencing on the first day of a Fiscal Quarter and ending on the 45th day of such Fiscal Quarter and certifying that, as of the last day of the Fiscal Quarter most recently ended, (i) Borrower's long-term unsecured senior Debt was rated by Standard & Poor's (and setting forth such rating and certifying thereto), (ii) Borrower's long-term unsecured senior Debt was rated by one of the other rating agencies referred to in the last sentence of the definition of "Applicable Pricing Level" (and setting forth such rating and certifying thereto) and (iii) the lower of such ratings was BBB- (which is a Standard & Poor's rating or its equivalent by such other rating agency) or higher.

Rating Notice means any notice (written or otherwise) of the occurrence of a Rating Event issued by S&P or Moodx'x.

Rating Notice means a notice provided by the Borrower to the Agent and signed by a Borrower Authorised Signatory, providing the Guarantor's highest unsecured corporate credit rating between Standard & Poor's or equivalent Moody's.