Common use of Credit Rating Downgrade Clause in Contracts

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.

Appears in 6 contracts

Samples: Capacity and Associated Energy Purchase and Sale Agreement, Capacity Purchase and Sale Agreement, Demand Resource Capacity Purchase and Sale Agreement

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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.

Appears in 2 contracts

Samples: Wind Energy Purchase and Sale Agreement, Solar Energy Purchase and Sale Agreement

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