Common use of Ratings Event Clause in Contracts

Ratings Event. (i) If the short-term, unsecured and unsubordinated debt obligations of Party A's Credit Support Provider cease to be rated at least as high as "A-1+" by Standard & Poor's Rating Services, a division of The McGraw-Hill Companies, Inc. ("S&P") and, as a result of xxxx xxxxxtion, the then current rating of the Series 1 Class C Seventh Issuer Notes is downgraded or placed under review for possible downgrade by S&P (an "INITIAL S&P RATING EVENT"), then Party A will, within 30 days of the occurrence of such Initial S&P Rating Event, at its own cost either:

Ratings Event. (i) If the shortlong-term, unsecured and unsubordinated debt obligations of Party A's the Credit Support Provider of Party A (or its successor) cease to be rated at least as high as "A-1+AA-" by Standard & Poor's Rating Services, a division of The McGraw-Hill Companies, Inc. ("S&P") and, as a result of xxxx xxxxxtionsuxx xxxxxxxxn, the then current rating of the Series 1 2 Class C Seventh B Sixth Issuer Notes is downgraded or placed under review for possible downgrade by S&P (an "INITIAL S&P RATING EVENT"), then Party A will, within 30 days of the occurrence of such Initial S&P Rating Event, at its own cost either:

Ratings Event. (i) If the shortlong-term, unsecured and unsubordinated debt obligations of Party A's the Credit Support Provider of Party A (or its successor) cease to be rated at least as high as "A-1+AA-" by Standard & Poor's Rating Services, a division of The McGraw-Hill Companies, Inc. ("S&P") and, as a result of xxxx xxxxxtionsucx xxxxxxxxx, the then current rating of the Series 1 2 Class C Seventh Sixth Issuer Notes is downgraded or placed under review for possible downgrade by S&P (an "INITIAL S&P RATING EVENT"), then Party A will, within 30 days of the occurrence of such Initial S&P Rating Event, at its own cost either:

Ratings Event. (i) If In the event that the short-term, unsecured and unsubordinated debt obligations of Party A's Credit Support Provider A (or its successor) or any credit support provider from time to time in respect of Party A cease to be rated at least as high as "A-1+" A-1 by Standard & Poor's Rating Services, a division of The McGraw-Hill Companies, Companies Inc. ("S&P") and, as a result of xxxx xxxxxtionsuch xxxxxxxxxng, the then current rating of the Series 1 Class C Seventh Issuer Notes is downgraded or placed under review for possible downgrade by S&P (an "INITIAL S&P RATING EVENTRating Event"), then Party A will, within 30 days of the occurrence of such Initial S&P Rating Event, Event at its own cost cost, either:

Ratings Event. (i) If the short-term, unsecured and unsubordinated debt obligations of Party A's Credit Support Provider cease to be rated at least as high as "A-1+" by Standard & Poor's Rating Services, a division of The McGraw-Hill Companies, Inc. ("S&P") and, as a result of xxxx xxxxxtionsuch xxxxxxxxx, the then current rating of the Series 1 Class C A Seventh Issuer Notes is downgraded or placed under review for possible downgrade by S&P (an "INITIAL S&P RATING EVENT"), then Party A will, within 30 days of the occurrence of such Initial S&P Rating Event, at its own cost either:

Ratings Event. (i) If the shortlong-term, unsecured and unsubordinated debt obligations of Party A's the Credit Support Provider of Party A (or its successor) cease to be rated at least as high as "A-1+AA-" by Standard & Poor's Rating Services, a division of The McGraw-Hill Companies, Inc. ("S&P") and, as a result of xxxx xxxxxtionsuxx xxxxxxxxn, the then current rating of the Series 1 2 Class C Seventh A Sixth Issuer Notes is downgraded or placed under review for possible downgrade by S&P (an "INITIAL S&P RATING EVENT"), then Party A will, within 30 days of the occurrence of such Initial S&P Rating Event, at its own cost either:

Ratings Event. (i) If the short-term, unsecured and unsubordinated debt obligations of Party A's Credit Support Provider cease to be rated at least as high as "A-1+" by Standard & Poor's Rating Services, a division of The McGraw-Hill Companies, Inc. ("S&P") and, as a result of xxxx xxxxxtionsuch cessaxxxx, the then current rating of the Series 1 Class C B Seventh Issuer Notes is downgraded or placed under review for possible downgrade by S&P (an "INITIAL S&P RATING EVENT"), then Party A will, within 30 days of the occurrence of such Initial S&P Rating Event, at its own cost either:

Ratings Event. (i) If In the shortevent that the long-term, unsecured and unsubordinated debt obligations of Party A's the Credit Support Provider of Party A (or its successor) cease to be rated at least as high as ["A-1+" AA-"] by Standard & Poor's Rating Services, a division of The McGraw-Hill Companies, Inc. ("S&P") and, as a result of xxxx xxxxxtionsuch xxxxxxxxxxg, the then current rating of the Series 1 o Class C Seventh o Third Issuer Notes is downgraded or placed under review for possible downgrade by S&P (an "INITIAL S&P RATING EVENTRating Event"), then Party A will, within 30 days of the occurrence of such Initial S&P Rating Event, Ratings Event at its own cost either:

Ratings Event. (i) If In the event that the short-term, unsecured and unsubordinated debt obligations of Party A's Credit Support Provider A (or its successor) or any credit support provider from time to time in respect of Party A cease to be rated at least as high as "A-1+" A1 by Standard & Poor's Rating Services, a division of The McGrawXxXxxx-Hill Companies, Xxxx Companies Inc. ("S&P") and, as a result of xxxx xxxxxtionsuch downgrading, the then current rating of the Series 1 Class C Seventh Issuer Notes [Notes] is downgraded or placed under review for possible downgrade by S&P (an "INITIAL S&P RATING EVENT"), then Party A will, within 30 days of the occurrence of such Initial S&P Rating Event, Event at its own cost cost, either: