Common use of Debt Rating Clause in Contracts

Debt Rating. No later than five (5) days after a Financial Officer obtains knowledge of any such issuance of change, give notice to the Administrative Agent (by telephone, followed promptly by written notice transmitted by facsimile with a hard copy sent promptly thereafter) of any issuance of change (either expressly or pursuant to a letter from S&P or ▇▇▇▇▇’▇ stating an “implied” rating), in rating by S&P or ▇▇▇▇▇’▇ in respect of the Borrower’s non-credit enhanced senior long-term debt (secured or unsecured), together with details thereof.

Debt Rating. No later than five (5) days after a Financial Officer obtains knowledge of any such issuance of change, give notice to the Administrative Agent (by telephone, followed promptly by written notice transmitted by facsimile with a hard copy sent promptly thereafter) of any issuance of change (either expressly or pursuant to a letter from S&P or ▇▇▇▇▇’▇ stating an “"implied” " rating), in rating by S&P or ▇▇▇▇▇’▇ in respect of the Borrower’s non-credit enhanced senior long-term debt (secured or unsecured), together with details thereof.

Debt Rating. No later than five (5) days after a Financial Officer obtains knowledge of any such issuance of change, give notice to the Administrative Agent (by telephone, followed promptly by written notice transmitted by facsimile with a hard copy sent promptly thereafter) of any issuance of change (either expressly or pursuant to a letter from S&P or S&P, ▇▇▇▇▇’▇ or Fitch stating an “implied” rating), in rating by S&P or S&P, ▇▇▇▇▇’▇ or Fitch in respect of the Borrower’s non-credit enhanced senior long-term debt (secured or unsecured), together with details thereof.

Debt Rating. No later than five (5) days after a Financial Officer obtains knowledge of any such issuance of change, give notice to the Administrative Agent (by telephone, followed promptly by written notice transmitted by facsimile with a hard copy sent promptly thereafter) of any issuance of change (either expressly or pursuant to a letter from S&P or ▇▇▇▇▇’▇ stating an “implied” rating), in rating by S&P or ▇▇▇▇▇’▇ in respect of the Borrower’s non-credit non‑credit enhanced senior long-term long‑term debt (secured or unsecured), together with details thereof.

Debt Rating. No later than five (5) days after a Financial Officer obtains knowledge of any such issuance of change, give notice to the Administrative Agent (by telephone, followed promptly by written notice transmitted by facsimile with a hard copy sent promptly thereafter) of any issuance of change (either expressly or pursuant to a letter from S&P or ▇▇▇▇▇’▇ Moody’s stating an “implied” rating), in rating by S&P or ▇▇▇▇▇’▇ Moody’s in respect of the Borrower’s non-credit enhanced senior long-term debt (secured or unsecured), together with details thereof.

Debt Rating. No later than five (5) days after a Financial Officer obtains knowledge of any such issuance of change, give notice to the Administrative Agent (by telephone, followed promptly by written notice transmitted by facsimile with a hard copy sent promptly thereafter) of any issuance of change (either expressly or pursuant to a letter from S&P or ▇▇▇▇▇’'▇ stating an “"implied” " rating), in rating by S&P or ▇▇▇▇▇’'▇ in respect of the Borrower’s 's non-credit enhanced senior long-term debt (secured or unsecured), together with details thereof.