Ratings Trigger. Unless substantially similar provisions are incorporated in the Guarantee or other Loan Documents on terms reasonably satisfactory to the Administrative Agent, the Borrower shall not permit the Guarantor to enter into or amend, modify or supplement any Equity Funding Arrangement (as such term is defined in the Guarantee) of the Guarantor that causes the Guarantor to become liable, or modifies the terms under which the Guarantor becomes liable, thereunder upon a downgrade of the Guarantor's credit rating by any credit rating agency which would result in such Equity Funding Arrangement or document evidencing Indebtedness to be materially more favorable to the lenders and/or investors or beneficiaries thereunder than the Guarantee is to the Lenders." 1.6 Section 8.1 shall be amended by deleting clause (d) thereof in its entirety and replacing it with the following:
Appears in 2 contracts
Sources: Credit Agreement (Pg&e Corp), Credit Agreement (Pacific Gas & Electric Co)