Common use of Wind-Down Events Clause in Contracts

Wind-Down Events. The occurrence and continuation of any one of the following events shall be a “Wind-Down Event” under this Agreement: (a) the Liquidity Provider or the Credit Support Provider shall have notified the Company that an event of default has occurred under the Liquidity Agreement or the Credit Support Agreement, respectively; or (b) the Company’s Commercial Paper shall no longer be rated at least “A-2”, in the case of S&P, and at least “P-2”, in the case of Moody’s.

Wind-Down Events. The occurrence and continuation of any one of the following events shall be a “Wind"WIND-Down Event” DOWN EVENT" under this Agreement: (a) the Liquidity Provider or the Credit Support Provider shall have notified the Company that an event of default has occurred under the Liquidity Agreement or the Credit Support Agreement, respectively; or (b) the Company’s 's Commercial Paper shall no longer be rated at least “"A-2”", in the case of S&P, and at least “"P-2”", in the case of Moody’s▇▇▇▇▇'▇.