Ratings Confirmation Sample Clauses

Ratings Confirmation. The Company shall have obtained the Rating Agency Confirmation with respect to the Class AA Certificates and the Class A Certificates required by Section 4(a)(v) of the Note Purchase Agreement (as in effect immediately prior to the Series B Closing) and the Ratings Confirmation with respect to the Class AA Certificates and the Class A Certificates required by Section 8.01(d) of the Intercreditor Agreement (as in effect immediately prior to the Series B Closing). Promptly upon the recording of the First Indenture Amendment pursuant to the Transportation Code and the receipt of appropriate and correct recording information from the FAA, the Company will cause Daugherty, Fowler, Peregrin, ▇▇▇▇▇▇ & ▇▇▇▇▇▇, a Professional Corporation, special FAA counsel in Oklahoma City, Oklahoma to deliver to the Subordination Agent, to the Pass Through Trustees, to the Loan Trustee and to the Company an opinion as to the due recording of such instrument and the lack of filing of any intervening documents with respect to the Aircraft.

Ratings Confirmation. Upon the written request of any Managing Agent, the Borrower shall (at such requesting Managing Agent’s expense) obtain a rating, from a nationally-recognized rating agency reasonably acceptable to such Managing Agent and the Administrative Agent (an “Approved Rating Agency”), of the facility contemplated by this Agreement (each, an “External Rating”) within sixty (60) days from the date of such written request; provided that if such Approved Rating Agency issues an External Rating less than the equivalent of the Explicit Rating, then the Borrower shall effect a Ratings Cure within sixty (60) days of receiving such External Rating; provided, further that the Borrower may effect one such Ratings Cure for each Managing Agent request prior to obtaining a subsequent External Rating that is equal to or better than the Explicit Rating. For purposes of the foregoing, “Ratings Cure” means the Borrower has: (i) promptly following receipt of the External Rating, notified the Administrative Agent and the applicable Managing Agent of its intention to effect a Ratings Cure, (ii) taken, or caused the Originators to take, such actions permitted under this Agreement and the Sale Agreement that the Borrower reasonably believes would improve (or indicated as required, by the Approved Rating Agency, in order to improve) the rating of the facility contemplated by this Agreement and (iii) within sixty (60) days of receiving such External Rating obtained a new rating of the facility contemplated by this Agreement from the Approved Rating Agency that provided the initial External Rating (or, with the Administrative Agent’s consent (and the consent of any Managing Agent which may have requested a rating), from another Approved Rating Agency) and such new rating is at least equal to the Explicit Rating.

Ratings Confirmation. The Company shall have obtained the “Rating Agency Confirmation” with respect to the Class A Certificates and the Class B Certificates required by Section 4(a)(v) of the Note Purchase Agreement (as in effect immediately prior First Amendment to Participation Agreement (Spirit 2015-1 EETC) to the Series C Closing) and the “Ratings Confirmation” with respect to the Class A Certificates and the Class B Certificates required by Section 8.01(d) of the Intercreditor Agreement (as in effect immediately prior to the Series C Closing). Promptly upon the recording of the First Indenture Amendment pursuant to the Transportation Code and the receipt of appropriate and correct recording information from the FAA, the Company will cause Daugherty, Fowler, Peregrin, ▇▇▇▇▇▇ & ▇▇▇▇▇▇, a Professional Corporation, special FAA counsel in Oklahoma City, Oklahoma to deliver to the Subordination Agent, to the Pass Through Trustees, to the Loan Trustee and to the Company an opinion as to the due recording of such instrument and the lack of filing of any intervening documents with respect to the Aircraft (other than the filings in respect of the Original Indenture).

Ratings Confirmation. Following the occurrence of an SFA Event and at the written request of the Agent, the Servicer shall (at its own expense) obtain a rating, in form satisfactory to the Agent, of the facility contemplated by this Agreement (the “External Rating”) from a nationally-recognized rating agency or rating agencies reasonably acceptable to the Agent within sixty (60) days from the date of such written request, such External Rating to be at least equal to A (or its equivalent) (the “Implied Rating”).” 2.16. Section 6.2(f) of the Transfer and Administrative Agreement is hereby amended and restated in its entirety as follows:

Ratings Confirmation. The applicable rating agencies rating the outstanding Investor Certificates shall have confirmed the then-current ratings of such Investor Certificates in connection with the Specified Amendments.

Ratings Confirmation. Agent shall have received reaffirmation of current ratings with respect to Borrower issued by Standard & Poor’s.

Ratings Confirmation. Upon written request of the Agent, the Servicer shall (at its own expense and on a best efforts basis) obtain a rating, in form satisfactory to the Agent, of the facility contemplated by this Agreement (the “External Rating”) from a nationally-recognized rating agency or rating agencies reasonably acceptable to the Agent within sixty (60) days from the date of such written request, such External Rating to be at least equal to AA- (or its equivalent) (the “Implied Rating”).” 2.12. Section 7.3(d) of the Credit Agreement is hereby amended and restated in its entirety as follows:

Ratings Confirmation. The Borrower shall furnish to the Agent by no later than 90 days following the Berkshire Change of Control (as hereafter defined), confirmations from S&P and DBRS taking into account the direct or indirect acquisition by MidAmerican (Alberta) Canada Holdings Corporation of the issued and outstanding capital in the Borrower and the General Partner (the "Berkshire Change of Control") that the long term public debt rating of the Borrower shall not be lower than BBB- or BBB(low)." 2.5 Amendment to Section 12.l(c). The parties hereto confirm that Section 12.l(c) of the Original Credit Agreement shall be amended by: (a) Changing the heading of such Section to "Default in Certain Covenants"; (b) replacing the word "and" in the fourth line of part (i) of such Section with a comma; and (c) adding "and 10.26" immediately following "10.23" in part (i) of such Section.

Ratings Confirmation. Company shall have obtained the Rating Agency Confirmation with respect to the Class A Certificates required by Section 4(a)(v) of the Note Purchase Agreement and the Ratings Confirmation with respect to the Class A Certificates required by Section 8.01(d) of the Intercreditor Agreement (as in effect immediately prior to the Series B Closing). Promptly upon the recording of the First Indenture Amendment pursuant to the Transportation Code and the receipt of appropriate and correct recording information from the FAA, Company will cause Daugherty, Fowler, Peregrin, ▇▇▇▇▇▇ & ▇▇▇▇▇▇, a Professional Corporation, special FAA counsel in Oklahoma City, Oklahoma to deliver to Subordination Agent, to Pass Through Trustees, to Loan Trustee and to Company an opinion as to the due recording of such instrument and the lack of filing of any intervening documents with respect to the Aircraft.