Common use of Rating Confirmation Clause in Contracts

Rating Confirmation. The Company covenants and agrees that, at its sole cost and expense, it shall cause to be maintained at all times a Rating from at least one NRSRO (but solely to the extent such a Rating is reasonably available) that indicates that it will monitor the rating on an ongoing basis. No later than June 30 of each year (beginning June 30, 2020) the Company further covenants and agrees it shall provide a notice to each of the holders of the Notes sent in the manner provided in Section 18 with respect to all then current Ratings (but solely to the extent such Ratings are reasonably available).

Appears in 2 contracts

Sources: Master Note Purchase Agreement (Hercules Capital, Inc.), Note Purchase Agreement (Hercules Capital, Inc.)

Rating Confirmation. The Company covenants and agrees that, at its sole cost and expense, it shall cause to be maintained at all times a Rating from at least one NRSRO (but solely to the extent such a Rating is reasonably available) that indicates that it will monitor the rating on an ongoing basis. No later than June July 30 of each year (beginning June 30year, 2020) commencing in 2021, and promptly upon any change in such Rating, the Company further covenants and agrees it shall provide a notice to each of the holders of the Notes sent in the manner provided in Section 18 with respect to all any then current Ratings (but solely to the extent Ratings, which shall include a Rating from at least one NRSRO, and which notice shall include a copy of such Ratings are reasonably available)Rating.

Appears in 2 contracts

Sources: Master Note Purchase Agreement (Crescent Capital BDC, Inc.), Master Note Purchase Agreement (Crescent Capital BDC, Inc.)

Rating Confirmation. The Company covenants and agrees that, at its sole cost and expense, it shall cause to be maintained at all times a Rating from at least one NRSRO (but solely to the extent such a Rating is reasonably available) that indicates that it will monitor the rating on an ongoing basis. No later than June April 30 of each year (beginning June 30year, 2020) commencing in 2021, the Company further covenants and agrees it shall provide a notice to each of the holders of the Notes sent in the manner provided in Section 18 with respect to all any then current Ratings (but solely to the extent Ratings, which shall include a Rating from at least one NRSRO, and which notice shall include a copy of such Ratings are reasonably available)Rating.

Appears in 1 contract

Sources: Note Purchase Agreement (Solar Senior Capital Ltd.)

Rating Confirmation. The Company covenants and agrees that, at its sole cost and expense, it shall cause to be maintained at all times a Rating of the Notes from at least one NRSRO (but solely to the extent such a Rating is reasonably available) that indicates that it will monitor the rating on an ongoing basis. No later than (i) June 30 of each year (beginning June 30, 20202021) and (ii) promptly after any change in the Rating, the Company further covenants and agrees it shall provide a notice with evidence of such Rating (or any change thereto) to each of the holders of the Notes sent in the manner provided in Section 18 with respect to all then current Ratings (but solely to the extent such Ratings are reasonably available)Ratings.

Appears in 1 contract

Sources: Note Purchase Agreement (WhiteHorse Finance, Inc.)

Rating Confirmation. The Company covenants and agrees that, at its sole cost and expense, it shall cause to be maintained at all times a Rating from at least one NRSRO (but solely to the extent such a Rating is reasonably available) that indicates that it will monitor the rating on an ongoing basis. No later than June 30 May 3 of each year (beginning June 30May 3, 2020) 2023), and promptly upon any change in the Rating, the Company further covenants and agrees it shall provide a notice to each of the holders of the Notes sent in the manner provided in Section 18 with respect to all then current Ratings (but solely to the extent such Ratings are reasonably available)Ratings.

Appears in 1 contract

Sources: Master Note Purchase Agreement (Blackstone Private Credit Fund)

Rating Confirmation. The Company covenants and agrees that, at its sole cost and expense, it shall cause to be maintained at all times a Rating of the Notes from at least one NRSRO (but solely to the extent such a Rating is reasonably available) that indicates that it will monitor the rating on an ongoing basis. No later than (i) June 30 of each year (beginning June 30, 20202019) and (ii) promptly after any change in the Rating, the Company further covenants and agrees it shall provide a notice with evidence of such Rating (or any change thereto) to each of the holders of the Notes sent in the manner provided in Section 18 with respect to all then current Ratings (but solely to the extent such Ratings are reasonably available)Ratings.

Appears in 1 contract

Sources: Note Purchase Agreement (WhiteHorse Finance, Inc.)

Rating Confirmation. The Company covenants and agrees that, at its sole cost and expense, it shall cause to be maintained at all times a Rating from at least one NRSRO (but solely to the extent such a Rating is reasonably available) that indicates that it will monitor the rating on an ongoing basis. No later than June 30 November 8 of each year (beginning June 30year, 2020) commencing in 2017, the Company further covenants and agrees it shall provide a notice to each of the holders of the Notes sent in the manner provided in Section 18 with respect to all any then current Ratings (but solely to the extent Ratings, which shall include a Rating from at least one NRSRO, and which notice shall include a copy of such Ratings are reasonably available)Rating.

Appears in 1 contract

Sources: Note Purchase Agreement (Solar Capital Ltd.)

Rating Confirmation. The Company covenants and agrees that, at its sole cost and expense, it shall cause to be maintained at all times a Rating from at least one NRSRO (but solely to the extent such a Rating is reasonably available) that indicates that it will monitor the rating on an ongoing basis. No later than June 30 January 23 of each year (beginning June 30January 23, 20202026) the Company further covenants and agrees it shall provide a notice to each of the holders of the Notes sent in the manner provided in Section 18 with respect to all then then-current Ratings (but solely to the extent such Ratings are reasonably available).Ratings. TriplePoint Venture Growth BDC Corp. Note Purchase Agreement

Appears in 1 contract

Sources: Note Purchase Agreement (TriplePoint Venture Growth BDC Corp.)

Rating Confirmation. The Company covenants and agrees that, at its sole cost and expense, it shall cause to be maintained at all times a Rating from at least one NRSRO (but solely to the extent such a Rating is reasonably available) that indicates that it will monitor the rating on an ongoing basis. No later than June 30 November 4 of each year (beginning June 30year, 2020) commencing in 2022, and promptly upon any change in such Rating, the Company further covenants and agrees it shall provide a notice to each of the holders of the Notes sent in the manner provided in Section 18 with respect to all any then current Ratings (but solely to the extent Ratings, which shall include a Rating from at least one NRSRO, and which notice shall include a copy of such Ratings are reasonably available)Rating.

Appears in 1 contract

Sources: Master Note Purchase Agreement (Silver Point Specialty Lending Fund)

Rating Confirmation. The Company covenants and agrees that, at its sole cost and expense, it shall cause to be maintained at all times a Rating from at least one NRSRO (but solely to the extent such a Rating is reasonably available) that indicates that it will monitor the rating on an ongoing basis. No later than June 30 October 11 of each year (beginning June 30October 11, 2020) 2023), and promptly upon any change in the Rating, the Company further covenants and agrees it shall provide a notice to each of the holders of the Notes sent in the manner provided in Section 18 with respect to all then current Ratings (but solely to the extent such Ratings are reasonably available).Ratings. BLACKSTONE PRIVATE CREDIT FUND NOTE PURCHASE AGREEMENT

Appears in 1 contract

Sources: Master Note Purchase Agreement (Blackstone Private Credit Fund)

Rating Confirmation. The Company covenants and agrees that, at its sole cost and expense, it shall cause to be maintained at all times a Rating of the Notes from at least one NRSRO (but solely to the extent such a Rating is reasonably available) that indicates that it will monitor the rating on an ongoing basis. No later than (i) June 30 of each year (beginning June 30, 20202022) and (ii) promptly after any change in the Rating, the Company further covenants and agrees it shall provide a notice with evidence of such Rating (or any change thereto) to each of the holders of the Notes sent in the manner provided in Section 18 with respect to all then current Ratings (but solely to the extent such Ratings are reasonably available)Ratings.

Appears in 1 contract

Sources: Note Purchase Agreement (WhiteHorse Finance, Inc.)

Rating Confirmation. The Company covenants and agrees that, at its sole cost and expense, it shall cause to be maintained at all times a Rating from at least one NRSRO (but solely to the extent such a Rating is reasonably available) that indicates that it will monitor the rating on an ongoing basis. No later than June 30 March 25 of each year (beginning June 30March 25, 2020) 2026), and promptly upon any change in the Rating, the Company further covenants and agrees it shall provide a notice to each of the holders of the Notes sent in the manner provided in Section 18 with respect to all then current Ratings (but solely to the extent such Ratings are reasonably available)Ratings.

Appears in 1 contract

Sources: Master Note Purchase Agreement (Blackstone Private Credit Fund)

Rating Confirmation. The Company covenants and agrees that, at its sole cost and expense, it shall cause to be maintained at all times a Rating from at least one NRSRO (but solely to the extent such a Rating is reasonably available) that indicates that it will monitor the rating on an ongoing basis. No later than June 30 (i) January 31 of each year (beginning June 30commencing in 2022) and (ii) promptly after any change in the Rating, 2020) the Company further covenants and agrees it shall provide a notice with evidence of such Rating (or any change thereto) to each of the holders of the Notes sent in the manner provided in Section 18 with respect to all any then current Ratings (but solely to the extent Ratings, which shall include a Rating from at least one NRSRO, and which notice shall include a copy of such Ratings are reasonably available)Rating.

Appears in 1 contract

Sources: Note Purchase Agreement (CION Investment Corp)

Rating Confirmation. The Company covenants and agrees that, at its sole cost and expense, it shall cause to be maintained at all times a Rating from at least one NRSRO (but solely to the extent such a Rating is reasonably available) that indicates that it will monitor the rating on an ongoing basis. No later than June 30 August 4 of each year (beginning June 30year, 2020) commencing in 2022, and promptly upon any change in such Rating, the Company further covenants and agrees it shall provide a notice to each of the holders of the Notes sent in the manner provided in Section 18 with respect to all any then current Ratings (but solely to the extent Ratings, which shall include a Rating from at least one NRSRO, and which notice shall include a copy of such Ratings are reasonably available)Rating.

Appears in 1 contract

Sources: Master Note Purchase Agreement (New Mountain Guardian III BDC, L.L.C.)