Rating Condition Sample Clauses
A Rating Condition clause sets requirements related to the credit ratings of a party, its guarantor, or specific financial instruments involved in an agreement. Typically, it stipulates that certain ratings from recognized agencies must be maintained, and may outline actions to be taken if ratings fall below specified thresholds, such as providing additional collateral or triggering an event of default. This clause serves to manage credit risk by ensuring that parties maintain a minimum level of financial stability throughout the contract's duration.
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Rating Condition. The Administrative Agent shall have received evidence satisfactory to it that the Rating Condition has been satisfied.
Rating Condition. The Rating Condition shall have been satisfied.
Rating Condition. The Rating Condition has been satisfied in connection with the proposed amendment herein.
Rating Condition. Agilent hereby covenants and agrees that, so long as the Class A Preferred Shares remain outstanding and a Rating Circumstance then exists, it will not, and will cause Cayco not to, effect any amendment or modification to any Organizational Document of Cayco (including, without limitation, the Certificate of Designations) or take any action under any of Sections 24, 25 and 26 of the Articles unless, with respect to any such amendment or modification described in clause (a) or any such action described in clause (b), the Rating Condition shall have been satisfied prior to such amendment or modification or action, as the case may be.
Rating Condition. The Rating Condition shall have been satisfied pursuant to clause (ii) of the proviso of the Rating Condition definition with the consent of 100% of the Agent and Lenders as set forth in Section 4(c) hereof. The Borrower shall have provided notice thereof to S&P.
Rating Condition. The Loan shall have received a rating of “[REDACTED]” from [REDACTED] and “[REDACTED]” from [REDACTED].
Rating Condition. The rating of the long-term unsecured debt obligations of Mellon Financial Corporation shall be rated below “BBB” by S&P or “Baa2” by Moody’s.
Rating Condition. As of the date that the Additional Senior Notes or Subordinate Notes are issued, and immediately after giving effect thereto, the Rating Condition shall be satisfied.
Rating Condition. (i) The Rating Condition all have been satisfied with respect to the Class A-R Loans, the Class A-D1 Loans and the Class A-D2 Loans and (ii) the Facility Agent shall have received a letter from S&P addressed to the Borrower confirming that: (x) the Class A-D3 Loans have been assigned a rating of “AAA(sf)” and (y) the Class A-D4 Loans have been assigned a rating of at least “AA(sf)”.