{"component": "definition", "props": {"groups": [{"samples": [{"hash": "a2ZrOhDgr1W", "uri": "/contracts/a2ZrOhDgr1W#reference-ratings", "label": "Credit Agreement (Firstenergy Corp)", "score": 34.3278576318, "published": true}, {"hash": "7Q0OXcol9v0", "uri": "/contracts/7Q0OXcol9v0#reference-ratings", "label": "Credit Agreement (Firstenergy Corp)", "score": 34.3278576318, "published": true}, {"hash": "fimo6y7Qidn", "uri": "/contracts/fimo6y7Qidn#reference-ratings", "label": "Credit Agreement (Firstenergy Corp)", "score": 32.794661191, "published": true}], "snippet": "means, with respect to any Borrower, the ratings assigned by S&P and \u2587\u2587\u2587\u2587\u2587\u2019\u2587 to the senior unsecured non-credit enhanced debt of such Borrower; provided that, if there is no such rating, \u201cReference Ratings\u201d shall mean the ratings that are one level below the respective ratings assigned by S&P and \u2587\u2587\u2587\u2587\u2587\u2019\u2587 to the senior secured debt of such Borrower.", "size": 40, "snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [7, 22]}, {"key": "senior-unsecured", "type": "clause", "offset": [84, 100]}, {"key": "credit-enhanced", "type": "definition", "offset": [105, 120]}, {"key": "debt-of", "type": "clause", "offset": [121, 128]}, {"key": "provided-that", "type": "clause", "offset": [144, 157]}, {"key": "senior-secured-debt", "type": "definition", "offset": [313, 332]}], "hash": "252ea77c7bbedbaaf8f0c2944d1ba40f", "id": 1}, {"samples": [{"hash": "unML1sEvNL", "uri": "/contracts/unML1sEvNL#reference-ratings", "label": "Credit Agreement (Interstate Power & Light Co)", "score": 21.0, "published": true}, {"hash": "hqVvxuq2Qf4", "uri": "/contracts/hqVvxuq2Qf4#reference-ratings", "label": "Credit Agreement (Alliant Energy Corp)", "score": 21.0, "published": true}, {"hash": "gunEt9DbOH7", "uri": "/contracts/gunEt9DbOH7#reference-ratings", "label": "Credit Agreement (Interstate Power & Light Co)", "score": 21.0, "published": true}], "snippet": "means the ratings assigned by S&P and Moody\u2019s to the senior unsecured non-credit-enhanced long term debt of the Borrower.", "size": 34, "snippet_links": [{"key": "sp-and-moody", "type": "clause", "offset": [30, 43]}, {"key": "senior-unsecured", "type": "clause", "offset": [53, 69]}, {"key": "debt-of-the-borrower", "type": "clause", "offset": [100, 120]}], "hash": "aac1a0ed6c0e8d971f5328136fdc19bd", "id": 2}, {"samples": [{"hash": "7oM9tFwWJUA", "uri": "/contracts/7oM9tFwWJUA#reference-ratings", "label": "Credit Agreement (Public Service Co of New Hampshire)", "score": 29.1533196441, "published": true}, {"hash": "77oTTf3TRo5", "uri": "/contracts/77oTTf3TRo5#reference-ratings", "label": "Credit Agreement (Connecticut Light & Power Co)", "score": 27.1519507187, "published": true}], "snippet": "means, (a) with respect to Eversource, the rating(s) assigned by S&P and/or Moody\u2019s to the long-term senior unsecured non-credit enhanced debt (the \u201cBorrower Unsecured Debt\u201d) of Eversource and (b) with respect to each Borrower other than Eversource, the rating(s) assigned by S&P and/or Moody\u2019s to the Borrower Unsecured Debt of such Borrower; 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provided, however, that in any case in which an issuer rating assigned by S&P is used to determine the Reference Ratings, the rating level that is one notch below the issuer rating assigned by S&P shall be used to determine the Reference Ratings.", "size": 5, "snippet_links": [{"key": "sp-and-moody", "type": "clause", "offset": [38, 51]}, {"key": "senior-unsecured", "type": "clause", "offset": [61, 77]}, {"key": "debt-of-the-borrower", "type": "clause", "offset": [108, 128]}, {"key": "reference-securities", "type": "definition", "offset": [135, 155]}, {"key": "in-the-event", "type": "clause", "offset": [166, 178]}, {"key": "the-issuer", "type": "definition", "offset": [351, 361]}, {"key": "rating-of-the-borrower", "type": "clause", "offset": [362, 384]}, {"key": "issuer-ratings", "type": "definition", "offset": [491, 505]}, {"key": "to-the-borrower", "type": "clause", "offset": [515, 530]}, {"key": "in-clause", "type": "clause", "offset": [603, 612]}, {"key": "by-the-borrower", "type": "clause", "offset": [735, 750]}, {"key": "determine-the", "type": "clause", "offset": [1260, 1273]}, {"key": "rating-level", "type": "definition", "offset": [1297, 1309]}, {"key": "sp-shall", "type": "definition", "offset": [1364, 1373]}], "hash": "5447980c2f31a63daff11a6912610aad", "id": 4}, {"samples": [{"hash": "dZ70T2bCNyk", "uri": "/contracts/dZ70T2bCNyk#reference-ratings", "label": "Credit Agreement (Northeast Utilities System)", "score": 18.0, "published": true}, {"hash": "bjLmEyhNeeN", "uri": "/contracts/bjLmEyhNeeN#reference-ratings", "label": "Credit Agreement (Northeast Utilities System)", "score": 18.0, "published": true}, {"hash": "7cJxcERaLtI", "uri": "/contracts/7cJxcERaLtI#reference-ratings", "label": "Credit Agreement (Northeast Utilities System)", "score": 18.0, "published": true}], "snippet": "in this Section 1.01.", "size": 4, "snippet_links": [], "hash": "7387ac12eebe4f1f201bb1bb265b8e82", "id": 5}, {"samples": [{"hash": "ejpXhSVxqzT", "uri": "/contracts/ejpXhSVxqzT#reference-ratings", "label": "Letter of Credit and Reimbursement Agreement (Firstenergy Corp)", "score": 21.0, "published": true}, {"hash": "4WBUnDqNkY8", "uri": "/contracts/4WBUnDqNkY8#reference-ratings", "label": "Letter of Credit and Reimbursement Agreement (FirstEnergy Solutions Corp.)", "score": 21.0, "published": true}], "snippet": "means the ratings assigned by S&P and M\u2587\u2587\u2587\u2587\u2019\u2587 to the Index Debt; provided that if there is no such rating, \u201cReference Ratings\u201d shall mean the ratings that are one Level below the rating assigned by S&P and M\u2587\u2587\u2587\u2587\u2019\u2587 to (i) at any time the Company\u2019s senior secured debt shall have an assigned rating of BBB or better by S&P and Baa2 or better by M\u2587\u2587\u2587\u2587\u2019\u2587, such senior secured debt of the Company, (ii) if clause (i) of this paragraph shall not be applicable, at any time FES\u2019 senior secured debt shall have an assigned rating of BBB or better by S&P and Baa2 or better by M\u2587\u2587\u2587\u2587\u2019\u2587 and FES\u2019 \u201cApplicable Percentage\u201d under (and as defined in) the FES Guaranty Agreement shall be 100%, such senior secured debt of FES, or (iii) at any other time, the senior secured debt of FirstEnergy. 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provided, further, that if MAIT has no such ratings on its senior unsecured non-credit enhanced debt or senior secured debt, then MAIT will be deemed to have Reference Ratings that correspond to the issuer/corporate family ratings assigned to MAIT by S&P and Moody\u2019s.", "size": 2, "snippet_links": [{"key": "sp-and-moody", "type": "clause", "offset": [78, 91]}, {"key": "debt-of", "type": "clause", "offset": [116, 123]}, {"key": "senior-unsecured", "type": "clause", "offset": [198, 214]}, {"key": "credit-enhanced", "type": "definition", "offset": [219, 234]}, {"key": "the-issuer", "type": "definition", "offset": [334, 344]}, {"key": "corporate-family", "type": "definition", "offset": [345, 361]}], "hash": "03b1cf5c46e65fe5680b92f3e3679a3c", "id": 9}, {"samples": [{"hash": "cy6g6SFFcfS", "uri": "/contracts/cy6g6SFFcfS#reference-ratings", "label": "Bridge Loan Agreement (Kaneb Services LLC)", "score": 18.0, "published": true}, {"hash": "FW9u1Vs1tw", "uri": "/contracts/FW9u1Vs1tw#reference-ratings", "label": "Bridge Loan Agreement (Kaneb Services LLC)", "score": 18.0, "published": true}], "snippet": "means the Credit Ratings of the Borrower.", "size": 2, "snippet_links": [{"key": "credit-ratings", "type": "clause", "offset": [10, 24]}, {"key": "of-the-borrower", "type": "clause", "offset": [25, 40]}], "hash": "8d9bdb8f7fa47b6a8c80919299658435", "id": 10}], "next_curs": "Cl4SWGoVc35sYXdpbnNpZGVyY29udHJhY3RzcjoLEhpEZWZpbml0aW9uU25pcHBldEdyb3VwX3Y1NiIacmVmZXJlbmNlLXJhdGluZ3MjMDAwMDAwMGEMogECZW4YACAA", "definition": {"snippet": "means, with respect to any Borrower, the ratings assigned by S&P and \u2587\u2587\u2587\u2587\u2587\u2019\u2587 to the senior unsecured non-credit enhanced debt of such Borrower; provided that, if there is no such rating, \u201cReference Ratings\u201d shall mean the ratings that are one level below the respective ratings assigned by S&P and \u2587\u2587\u2587\u2587\u2587\u2019\u2587 to the senior secured debt of such Borrower.", "size": 116, "title": "Reference Ratings", "id": "reference-ratings", "examples": ["LEVEL 6Reference Ratings lower than BB+ by S&amp;P and Ba1 by \u2587\u2587\u2587\u2587\u2587\u2019\u2587, or no <strong>Reference Ratings</strong>.", "LEVEL 4 <strong>Reference Ratings</strong> lower than Level 3 but at least BBB- by S&amp;P or Baa3 by Moody\u2019s.", "In the event any Reference Rating shall occur in a different Level than the other applicable Reference Rating, the Commitment Fee, Letter of Credit Fees, and Applicable Margin will be based upon the higher Reference Rating unless the <strong>Reference Ratings</strong> differ by more than one Level, in which case the Commitment Fee, Letter of Credit Fees and Applicable Margin will be based upon the Level one level below the Level corresponding to the higher Reference Rating.", "At all times thereafter, the Borrower shall use commercially reasonable efforts to maintain such <strong>Reference Ratings</strong>.", "LEVEL 2 <strong>Reference Ratings</strong> lower than Level 1 but at least BBB+ by S&amp;P or Baa1 by \u2587\u2587\u2587\u2587\u2587\u2019\u2587.", "LEVEL 2 <strong>Reference Ratings</strong> lower than Level 1 but at least BBB+ by S&amp;P or Baa1 by Moody\u2019s.", "If two or more <strong>Reference Ratings</strong> are unavailable as of the date any determination of the Applicable Margin is to occur, Borrower and the Banks will negotiate in good faith to agree on an alternative method for establishing the Applicable Margin for any affected Advances.", "If the <strong>Reference Ratings</strong> are not comparable (i.e., a \u201csplit rating\u201d), and (i) the ratings differential is one category, the higher of such two ratings shall control, unless one of the ratings is below BBB- or Baa3, or (ii) the ratings differential is two or more categories or one of the ratings is below BBB- or Baa3, the rating that is one below the higher of the two ratings shall control.", "LEVEL 3 <strong>Reference Ratings</strong> lower than Level 2 but at least BBB by S&amp;P or Baa2 by Moody\u2019s.", "LEVEL 6 <strong>Reference Ratings</strong> lower than BB+ by S&amp;P and Ba1 by Moody\u2019s, or no <strong>Reference Ratings</strong>."], "related": [["m\u2587\u2587\u2587\u2587\u2587-rating", "M\u2587\u2587\u2587\u2587\u2019\u2587 Rating", "M\u2587\u2587\u2587\u2587\u2019\u2587 Rating"], ["\u2587\u2587\u2587\u2587\u2587\u2587-rating", "\u2587\u2587\u2587\u2587\u2587\u2019\u2587 Rating", "\u2587\u2587\u2587\u2587\u2587\u2019\u2587 Rating"], ["sp-rating", "S&P Rating", "S&amp;P Rating"], ["index-debt-rating", "Index Debt Rating", "Index Debt Rating"], ["debt-ratings", "Debt Ratings", "Debt Ratings"]], "related_snippets": [], "updated": "2025-07-06T21:58:36+00:00"}, "json": true, "cursor": ""}}