Credit Rating Downgrade. If, during the term of this Agreement, there is an adverse change in the financial condition of the Seller such that any of the Rating Agencies downgrades or issues a downgrade warning, the Seller must so inform T&D within five (5) Business Days of such downgrade or warning.
Credit Rating Downgrade. The occurrence of a Trigger Event referred to in Paragraph 9 (Credit Rating Downgrade) of Part 1 (Trigger Events) of this Schedule 3 (Trigger Events) will be remedied if the credit rating of the Bonds given by the Rating Agency/ies that have been engaged by the Issuer to provide a public long term credit rating is no longer below Investment Grade.
Credit Rating Downgrade. The Borrower must promptly, upon becoming aware of it, notify the Lender and K-SURE of any downgrades to its credit rating of its bonds and/or notes obtained from Korea Ratings Corp., Korea Investor Service Inc. or NICE Investor Service.
Credit Rating Downgrade. The long-term credit rating of any Bonds ascribed by the Rating Agency/ies which have been engaged by the Issuer to provide a public long-term credit rating) is downgraded below Investment Grade.
Credit Rating Downgrade. If S&P or Xxxxx’x downgrade the Corporate Credit Rating or senior secured or unsecured debt issue rating of KCP&L or Westar (the “Impacted Utility”) or Holdco to below investment grade (i.e., below BBB- or Baa3), the “Impacted Utility” or Holdco commit to file: 8 In The Matter of the Application of Great Plains Energy Incorporated for Approval of its Merger with Westar Energy, Inc., Case No. EM-2018-0012, Stipulation and Agreement filed January 12, 2018, Condition 31.
Credit Rating Downgrade. If S&P or Xxxxx’x downgrade the Corporate Credit Rating or senior secured or unsecured debt issue rating of KCP&L or Westar (the “Impacted Utility”) or Holdco to below investment grade (i.e., below BBB- or Baa3), the “Impacted Utility” or Holdco commits to file: i. Notice with the Commission within five (5) business days of such downgrade that includes specification of the affected credit rating(s), the pre- and post-downgrade credit ratings of each affected credit rating, and a full explanation of why the credit rating agency or agencies downgraded each of the affected credit ratings;
Credit Rating Downgrade. If, during the term of this Agreement, there is an adverse change in the financial condition of a Party or the issuer of any Credit Support such that any of the Rating Agencies downgrades or issues a downgrade warning, the Party must so inform the other Party within five (5) Business Days of such downgrade or warning, provided, however, that any failure to provide notification shall not be a default pursuant to Article 9
