Common use of Additional Termination Events and Events of Default Clause in Contracts

Additional Termination Events and Events of Default. If Party A does not take the measures described in sub-paragraph (i) above such failure shall not be or give rise to an Event of Default but shall constitute an Additional Termination Event with respect to Party A and shall be deemed to have occurred on the 30th day following an Initial Moody's Note Downgrade Event with Party A as the sole Affected Party and all Transactions shall be Affected Transactions. If Party A does not take the measures described in sub-paragraph (ii) above such failure shall give rise to an Event of Default with respect to Party A and shall be deemed to have occurred on the 30th day following a Subsequent Moody's Note Downgrade Event (or, if Party A has put in place a collateral agreement in accordance with the requirements of sub-paragraph (i)(D) above, such Event of Default shall be deemed to have occurred on the 10th day following such Subsequent Moody's Note Downgrade Event) with Party A as the sole Defaulting Party. Further, it shall constitute an Additional Termination Event with respect to Party A if, even after satisfying the requirements of sub-paragraph (iii), Party A has failed, having applied reasonable efforts, to satisfy the requirements of any of sub-paragraphs (iii)(A), (iii)(B) or (iii)(C) and such Additional Termination Event shall be deemed to have occurred on the 30th day following such Subsequent Moody's Note Downgrade Event with Party A as the sole Affected Party and all Transactions shall be Affected Transactions. However, in the event that Party B were to designate an Early Termination Date and there would be a payment due to Party A, Party B may only designate such an Early Termination Date in respect of an Additional Termination Event under this sub-paragraph (v) if Party B has found a replacement counterparty willing to enter a new transaction on terms that reflect as closely as reasonably possible (as the Note Trustee may, in its absolute discretion, determine) the economic, legal and credit terms of the Terminated Transactions with Party A. Each Additional Termination Event described in this sub-paragraph (v) shall, on its occurrence, constitute a "Downgrade Termination Event".

Additional Termination Events and Events of Default. If Party A does not take the measures described in sub-paragraph (i) above such failure shall not be or give rise to an Event of Default but shall constitute an Additional Termination Event with respect to Party A and shall be deemed to have occurred on the 30th day following an Initial Moody's Note Downgrade Event with Party A as the sole Affected Party and all Transactions shall be Affected Transactions. If Party A does not take the measures described in sub-paragraph (iiiv) above such failure shall give rise to an Event of Default with respect to Party A and shall be deemed to have occurred on the 30th 10th day following a Subsequent Moody's Note Downgrade Event (or, if Party A has put in place a collateral agreement in accordance with the requirements of sub-paragraph (i)(Dii)) above, such Event of Default shall be deemed to have occurred on the 10th day following such Subsequent Moody's Note Downgrade Event) with Party A as the sole Defaulting Party. Further, it shall constitute an Additional Termination Event with respect to Party A if, even after satisfying the requirements of sub-paragraph (iiiiv), Party A has failed, having applied reasonable efforts, to satisfy the requirements of comply with any of sub-paragraphs (iii)(Aiii)A), (iii)(B) or (iii)(C) and such Additional Termination Event shall be deemed to have occurred on the 30th day following such Subsequent Moody's Note Downgrade Event with Party A as the sole Affected Party and all Transactions shall be Affected Transactions. However, in the event that Party B were to designate an Early Termination Date and there would be a payment due to Party A, Party B may only designate such an Early Termination Date in respect of an Additional Termination Event under this sub-paragraph (v) if Party B has found a replacement counterparty willing to enter a new transaction on terms that reflect as closely as reasonably possible (as the Note Trustee may, in its absolute discretion, determine) the economic, legal and credit terms of the Terminated Transactions with Party A. Each Additional Termination Event described in this sub-paragraph (v) shall, on its occurrence, constitute a "Downgrade Termination Event".

Additional Termination Events and Events of Default. If Party A does not take the measures described in sub-paragraph (il)(i) above such failure shall not be or give rise to an Event of Default but shall constitute an Additional Termination Event with respect to Party A and shall be deemed to have occurred on the 30th day following an Initial Moody's Note Downgrade Event with Party A as the sole Affected Party and all Transactions shall be Affected Transactions. If Party A does not take the measures described in sub-paragraph (iil)(iv) above such failure shall give rise to an Event of Default with respect to Party A and shall be deemed to have occurred on the 30th 10th day following a Subsequent Moody's Note Downgrade Event (or, if Party A has put in place a collateral agreement in accordance with the requirements of sub-paragraph (i)(Dl)(i)(D)) above, such Event of Default shall be deemed to have occurred on the 10th day following such Subsequent Moody's Note Downgrade Event) with Party A as the sole Defaulting Party. Further, it shall constitute an Additional Termination Event with respect to Party A if, even after satisfying the requirements of sub-paragraph (iiil)(iii), Party A has failed, having applied reasonable efforts, to satisfy the requirements of comply with any of sub-paragraphs (iii)(Al)(ii)(A), (iii)(Bl)(ii)(B) or (iii)(Cl)(ii)(C) and such Additional Termination Event shall be deemed to have occurred on the 30th day following such Subsequent Moody's Note Downgrade Event with Party A as the sole Affected Party and all Transactions shall be Affected Transactions. However, in the event that Party B were to designate an Early Termination Date and there would be a payment due to Party A, Party B may only designate such an Early Termination Date in respect of an Additional Termination Event under this sub-paragraph (viv) if Party B has found a replacement counterparty willing to enter a new transaction on terms that reflect as closely as reasonably possible (as the Note Trustee may, in its absolute discretion, determine) the economic, legal and credit terms of the Terminated Transactions with Party A. Each Additional Termination Event described in this sub-paragraph (viv) shall, on its occurrence, constitute a "Downgrade Termination Event".

Additional Termination Events and Events of Default. If Party A does not take the measures described in sub-paragraph (i) above such failure shall not be or give rise to an Event of Default but shall constitute an Additional Termination Event with respect to Party A and shall be deemed to have occurred on the 30th day following an Initial Moody's Note Downgrade Event with Party A as the sole Affected Party and all Transactions shall be Affected Transactions. If Party A does not take the measures described in sub-paragraph (iiiv) above such failure shall give rise to an Event of Default with respect to Party A and shall be deemed to have occurred on the 30th 10th day following a Subsequent Moody's Note Downgrade Event (or, if Party A has put in place a collateral agreement in accordance with the requirements of sub-paragraph (i)(Dii)) above, such Event of Default shall be deemed to have occurred on the 10th day following such Subsequent Moody's Note Downgrade Event) with Party A as the sole Defaulting Party. Further, it shall constitute an Additional Termination Event with respect to Party A if, even after satisfying the requirements of sub-paragraph (iii)iv) above, Party A has failed, having applied reasonable best efforts, to satisfy the requirements of comply with any of sub-paragraphs (iii)(A), (iii)(B) or (iii)(C) above and such Additional Termination Event shall be deemed to have occurred on the 30th day following such Subsequent Moody's Note Downgrade Event with Party A as the sole Affected Party and all Transactions shall be Affected Transactions. However, in the event that Party B were to designate an Early Termination Date and there would be a payment due to Party A, Party B may only designate such an Early Termination Date in respect of an Additional Termination Event under this sub-paragraph (v) if Party B has found a replacement counterparty willing to enter a new transaction on terms that reflect as closely as reasonably possible (as the Note Trustee may, in its absolute discretion, determine) the economic, legal and credit terms of the Terminated Transactions with Party A. Each Additional Termination Event described in this sub-paragraph (v) shall, on its occurrence, constitute a "Downgrade Termination Event".

Additional Termination Events and Events of Default. If Party A does not take the measures described in sub-paragraph (il)(i) above such failure shall not be or give rise to an Event of Default but shall constitute an Additional Termination Event with respect to Party A and shall be deemed to have occurred on the 30th day following an Initial Moody's Note Downgrade Event with Party A as the sole Affected Party and all Transactions shall be Affected Transactions. If Party A does not take the measures described in sub-paragraph (iil)(ii) above such failure shall give rise to an Event of Default with respect to Party A and shall be deemed to have occurred on the 30th 10th day following a Subsequent Moody's Note Downgrade Event (or, if Party A has put in place a collateral agreement in accordance with the requirements of sub-paragraph (i)(Dl)(i)(D)) above, such Event of Default shall be deemed to have occurred on the 10th day following such Subsequent Moody's Note Downgrade Event) with Party A as the sole Defaulting Party. Further, it shall constitute an Additional Termination Event with respect to Party A if, even after satisfying the requirements of sub-paragraph (iiil)(iii), Party A has failed, having applied reasonable efforts, to satisfy the requirements of comply with any of sub-paragraphs (iii)(Al)(ii)(A), (iii)(Bl)(ii)(B) or (iii)(Cl)(ii)(C) and such Additional Termination Event shall be deemed to have occurred on the 30th day following such Subsequent Moody's Note Downgrade Event with Party A as the sole Affected Party and all Transactions shall be Affected Transactions. However, in the event that Party B were to designate an Early Termination Date and there would be a payment due to Party A, Party B may only designate such an Early Termination Date in respect of an Additional Termination Event under this sub-paragraph (viv) if Party B has found a replacement counterparty willing to enter a new transaction on terms that reflect as closely as reasonably possible (as the Note Trustee may, in its absolute discretion, determine) the economic, legal and credit terms of the Terminated Transactions with Party A. Each Additional Termination Event described in this sub-paragraph (viv) shall, on its occurrence, constitute a "Downgrade Termination Event".

Additional Termination Events and Events of Default. If Party A does not take the measures described in sub-paragraph (i5(l)(ii) above such failure shall not be or give rise to an Event of Default but shall constitute an Additional Termination Event with respect to Party A and shall be deemed to have occurred on the 30th day following an Initial Moody's Note Downgrade Event with Party A as the sole Affected Party and all Transactions shall be Affected Transactions. If Party A does not take the measures described in sub-paragraph (iiPart 5(l)(iv) above such failure shall give rise to an Event of Default with respect to Party A and shall be deemed to have occurred on the 30th 10th day following a Subsequent Moody's Note Downgrade Event (or, if Party A has put in place a collateral agreement in accordance with the requirements of sub-paragraph (i)(DPart 5(l)(ii)) above, such Event of Default shall be deemed to have occurred on the 10th day following such Subsequent Moody's Note Downgrade Event) with Party A as the sole Defaulting Party. Further, it shall constitute an Additional Termination Event with respect to Party A if, even after satisfying the requirements of sub-paragraph (iiiPart 5(l)(iv), Party A has failed, having applied reasonable efforts, to satisfy the requirements of comply with any of sub-paragraphs (iii)(AParts 5(l)(iii)(A), (iii)(B5(l)(iii)(B) or (iii)(C5(l)(iii)(C) and such Additional Termination Event shall be deemed to have occurred on the 30th [30th] day following such Subsequent Moody's ▇▇▇▇▇'▇ Note Downgrade Event with Party A as the sole Affected Party and all Transactions shall be Affected Transactions. However, in the event that Party B were to designate an Early Termination Date and there would be a payment due to Party A, Party B may only designate such an Early Termination Date in respect of an Additional Termination Event under this sub-paragraph (v) if Party B has found a replacement counterparty willing to enter a new transaction on terms that reflect as closely as reasonably possible (as the Note Trustee may, in its absolute discretion, determine) the economic, legal and credit terms of the Terminated Transactions with Party A. Each Additional Termination Event described in this sub-paragraph (vPart 5(l)(v) shall, on its occurrence, constitute a "Downgrade Termination Event".