Downgrading. The Company shall notify the Agents promptly in writing of any downgrading, or its receipt of any notice of any intended or potential downgrading or of any review for possible change that does not indicate the direction of the possible change, in the rating accorded any of the Company's securities by any "nationally recognized statistical rating organization," as such term is defined for purposes of Rule 436(g)(2) under the Act.
Appears in 3 contracts
Sources: Distribution Agreement (Sierra Pacific Power Co), Distribution Agreement (Sierra Pacific Power Co), Distribution Agreement (Sierra Pacific Power Co)