Common use of Credit Rating Changes Clause in Contracts

Credit Rating Changes. If during the term of the Agreement, Seller’s or Seller’s Guarantor’s, if applicable, Credit Rating changes, by either being upgraded or downgraded by any of the rating agencies referenced in Section 14.3 (Unsecured Credit) of the Agreement, the Seller shall be required to provide written notice to Buyer of such Credit Rating change no later than two (2) Business Days after the date of such change. However, if Seller’s, or Seller’s Guarantor’s, if applicable, equity is publicly traded on the “New York Stock Exchange”, “NASDAQ National Market”, or “American Stock Exchange”, the Buyer will waive the requirement to provide written notice.