Credit Rating Change Sample Clauses

Credit Rating Change. Promptly, upon any change in the Parent’s Credit Rating, a certificate stating that the Parent’s Credit Rating has changed and the new Credit Rating that is in effect; and
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Credit Rating Change. If the credit rating of the guarantor for the Financial Guarantee in effect referred to in Paragraph 6.1 changes and if the guarantor no longer fulfils the criteria defined in the first paragraph of 6.1, GRTgaz will ask for the substitution of the Financial Guarantee with another payment guarantee that fulfils the defined criteria. This new Financial Guarantee, which must be valid until the expiry of the validity period of the abovementioned Financial Guarantee, must be issued in favour of GRTgaz by a guarantor that fulfils the criteria defined in the first paragraph of Paragraph 6.1 and must comply with the other terms and conditions of the present Clause. The Shipper must present GRTgaz with the new guarantee as soon as possible and at the latest thirty (30) days after receipt of GRTgaz's request. Similarly, in the event of a change in the Shipper's credit rating during the period of the Agreement, the obligation must be reviewed accordingly in order to provide GRTgaz with payment security that complies with GRTgaz's financial policy as described in the present Clause 6. The Shipper must present GRTgaz with a payment guarantee, as applicable, as soon as possible that complies with the criteria and terms and conditions set out in Paragraph 6.1 at the latest thirty (30) days after GRTgaz so requests.
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Related to Credit Rating Change

  • 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 ▇▇▇▇▇’▇ in respect of the Term Facility and (b) a public corporate rating by S&P and a public corporate family rating by ▇▇▇▇▇’▇ for the Borrower, in each case with no requirement to maintain any specific minimum rating.

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

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

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