Common use of Bank Note Clause in Contracts

Bank Note. Within thirty (30) days of the Issuance Date, the Bank shall have received written evidence satisfactory to the Bank that (i) a CUSIP number has been obtained and reserved from Standard & Poor’s CUSIP Service for the Bank Note and (ii) the Bank Note (and its related CUSIP number) shall have been assigned a long-term rating of at least investment grade by any Rating Agency.

Appears in 3 contracts

Sources: Letter of Credit and Reimbursement Agreement, Letter of Credit and Reimbursement Agreement, Letter of Credit and Reimbursement Agreement