Rating Requirement. At the date of this Agreement and at the Closing Time, the Securities shall be rated at least "ba1" by ▇▇▇▇▇'▇ Investor's Service Inc. ("▇▇▇▇▇'▇"), "BB+" by Standard & Poor's Corporation ("S&P") and "BBB-" by Duff & ▇▇▇▇▇▇ ("D&P"), and the Company shall have delivered to the Representative a letter, dated the Closing Time, from each such rating agency, or other evidence satisfactory to the Representative, confirming that the Securities have such ratings.
Appears in 1 contract
Rating Requirement. At the date of this Agreement and at the Closing Time, the Securities shall be rated at least "ba1" by ▇▇▇▇▇'▇ Investor's Service Inc. ("▇▇▇▇▇'▇"), "BB+" by Standard & Poor's Corporation ("S&P") and "BBB-" by Duff ▇▇▇▇ & ▇▇▇▇▇▇ ("D&P"), and the Company shall have delivered to the Representative a letter, dated the Closing Time, from each such rating agency, or other evidence satisfactory to the Representative, confirming that the Securities have such ratings.
Appears in 1 contract