Common use of Downgrade Event Clause in Contracts

Downgrade Event. Not Applicable Applicable If applicable, complete the following: It shall be a Downgrade Event for Party A if Party A’s Credit Rating falls below ___ from S&P or ___ from Xxxxx'x or if Party A is not rated by either S&P or Xxxxx'x. Other: Specify: (e) Guarantor for Party A: __________________________ Guarantee Amount: $__________ Article Ten

Appears in 3 contracts

Samples: Master Power Purchase and Sale Agreement, Master Power Purchase and Sale Agreement, Master Power Purchase and Sale Agreement

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Downgrade Event. Not Applicable Applicable If applicable, complete the following: It shall be a Downgrade Event for Party A B if Party AB’s Credit Rating falls below ___ from S&P or ___ from Xxxxx'x or if Party A is not rated by either S&P or Xxxxx'x. Xxxxx’x does not rate Party B. Other: Specify: (e) Guarantor for Party AB: __________________________ None Guarantee Amount: $__________ Article Ten8.2 Party B Credit Protection: (a) Financial Information:

Appears in 2 contracts

Samples: Master Power Purchase and Sale Agreement, Master Power Purchase and Sale Agreement

Downgrade Event. Not Applicable Applicable If applicable, complete the following: It shall be a Downgrade Event for Party A if Party A’s Credit Rating falls below ___ from S&P or ___ from Xxxxx'x Moody's or if Party A is not rated by either S&P or Xxxxx'xMoody's. Other: Specify: (e) Guarantor for Party A: __________________________ Guarantee Amount: $__________ Article Ten

Appears in 2 contracts

Samples: Master Power Purchase and Sale Agreement, Master Power Purchase and Sale Agreement

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Downgrade Event. Not Applicable Applicable If applicable, complete the following: It shall be a Downgrade Event for Party A B if Party AB’s Credit Rating falls below _____ from S&P or ___ from Xxxxx'x or if Party A is not rated by either S&P or Xxxxx'x. Xxxxx’x does not rate Party B. Other: Specify: (e) Guarantor for Party AB: __________________________ None Guarantee Amount: $__________ Article Ten8.2 Party B Credit Protection: (a) Financial Information:

Appears in 1 contract

Samples: Master Power Purchase and Sale Agreement

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