Common use of Subsequent S&P Rating Event Clause in Contracts

Subsequent S&P Rating Event. In the event that the rating of the long-term, unsecured and unsubordinated debt obligations of Party A (or its successor or permitted transferee) or any Credit Support Provider from time to time in respect of Party A cease to be rated at least as high as "BBB-" by S&P (such event, a SUBSEQUENT S&P RATING EVENT), then Party A will within ten calendar days of the occurrence of such Subsequent S&P Rating Event:

Subsequent S&P Rating Event. In the event that the rating of the long-term, unsecured and unsubordinated debt obligations of Party A (or its successor or permitted transferee) or any Credit Support Provider from time to time in respect of Party A cease to be rated at least as high as "BBB-" by S&P (such event, a SUBSEQUENT Subsequent S&P RATING EVENTRating Event), then Party A will within ten calendar days of the occurrence of such Subsequent S&P Rating Event:

Subsequent S&P Rating Event. In the event that the rating of the long-term, unsecured and unsubordinated debt obligations of Party A (or its successor or permitted transferee) or and, if applicable, any Credit Support Provider from time to time in respect of Party A cease to be rated at least as high as "BBB-" by S&P (such event, a "SUBSEQUENT S&P RATING EVENT"), then Party A will within ten calendar days of the occurrence of such Subsequent S&P Rating Eventwill: