Common use of Rating of Securities Clause in Contracts

Rating of Securities. The Company shall take all reasonable action necessary to enable Standard & Poor’s Ratings Services, a division of McGraw Hill, Inc. (“S&P”), and ▇▇▇▇▇’▇ Investor Services, Inc. (“Moody’s”) to provide their respective credit ratings to the Securities at or prior to the time of their initial issuance. Banc of America Securities LLC, on behalf of the several Initial Purchasers, may, in its sole discretion, waive in writing the performance by the Company or any Guarantor of any one or more of the foregoing covenants or extend the time for their performance.

Appears in 1 contract

Sources: Purchase Agreement (Chaparral Steel CO)

Rating of Securities. The Company shall take all reasonable action necessary to enable Standard & Poor’s Ratings Services, a division of McGraw Hill, Inc. (“S&P”), and ▇▇▇▇▇’▇ Investor Services, Inc. (“Moody’s”) to provide their respective credit ratings to the Securities at or prior to the time of their initial issuance. Banc of America UBS Securities LLC, on behalf of the several Initial Purchasers, may, in its sole discretion, waive in writing the performance by the Company or any Guarantor of any one or more of the foregoing covenants or extend the time for their performance.

Appears in 1 contract

Sources: Purchase Agreement (Texas Industries Inc)

Rating of Securities. The Company Companies shall take all reasonable action necessary to enable Standard & Poor’s Ratings Services, a division of The McGraw HillHill Companies, Inc. (“S&P”), and ▇▇▇▇▇’▇ Investor Services, Inc. (“Moody’s▇▇▇▇▇’▇”) to provide their respective credit ratings to the Securities at or prior to the time of their initial issuance. Banc of America Securities LLC, on behalf of the several Initial Purchasers, may, in its sole discretion, waive in writing the performance by the Company or any Guarantor Companies of any one or more of the foregoing covenants or extend the time for their performance.

Appears in 1 contract

Sources: Purchase Agreement (ASG Finance, Inc.)