Common use of Investment Grade Rating Clause in Contracts

Investment Grade Rating. An issuer rating or a rating on senior, unsecured long-term debt. (excluding third-party enhancement) that is equal to or better than at least two (2) of the following: (i) “BBB-” from Standard and Poor’s, a division of the ▇▇▇▇▇▇-▇▇▇▇ Companies, Inc., as well as its successors-in-interest; or, (ii) “Baa3” from ▇▇▇▇▇’▇ Investors Service, Inc., as well as its successors-in-interest; or, (iii) “BBB (low)” from Dominion Bond Rating Service Limited, as well as its successors-in-interest.

Investment Grade Rating. An issuer rating or a rating on senior, unsecured long-term debt. debt (excluding third-party enhancement) that is equal to or better than at least two (2) of the following: . (i) “BBB-” from Standard and Poor’s, a division of the ▇▇▇▇▇▇-▇▇▇▇ Companies, Inc., as well as its successors-in-interest; , or, (ii) “Baa3” from ▇▇▇▇▇’▇ Investors Service, Inc., as well as its successors-in-interest; or, (iii) “BBB (low)” from Dominion Bond Rating Service Limited, as well as its successors-in-interest.

Investment Grade Rating. An issuer rating or a rating on senior, unsecured long-term debt. debt (excluding third-party enhancement) that is equal to or better than at least two (2) of the following: (i) “BBB-” from Standard and Poor’s, a division of the ▇▇▇▇▇▇-▇▇▇▇ Companies, Inc., as well as its successors-in-interest; or, (ii) “Baa3” from ▇▇▇▇▇’▇ Investors Service, Inc., as well as its successors-in-interest; or, (iii) “BBB (low)” from Dominion Bond Rating Service Limited, as well as its successors-in-interest.