Credit Rating. With respect to the Competitive Supplier or Competitive Supplier’s Guarantor, its senior unsecured, unsubordinated long-term debt rating, not supported by third party credit enhancement, and if such debt is no longer rated, then the corporate or long-term issuer rating of Competitive Supplier or Competitive Supplier’s Guarantor or the senior secured rating of Competitive Supplier or Competitive Supplier’s Guarantor; provided, however, that the standing guaranty of Vistra Operations Company LLC, in favor of Competitive Supplier’s Guarantor, shall not be considered to constitute “third party credit enhancement” for purposes of this definition.
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Samples: Competitive Electric Service Agreement, Competitive Electric Service Agreement, Competitive Electric Service Agreement
Credit Rating. With respect to the Competitive Supplier or Competitive Supplier’s Guarantor, its senior unsecured, unsubordinated long-term debt rating, not supported by third party credit enhancement, and if such debt is no longer rated, then the corporate or long-term issuer rating of Competitive Supplier or Competitive Supplier’s Guarantor or the senior secured rating of Competitive Supplier or Competitive Supplier’s Guarantor; provided, however, that the standing guaranty of Vistra Operations Company LLCGenie Energy Ltd., in favor of Competitive Supplier’s Guarantor, shall not be considered to constitute “third party credit enhancement” for purposes of this definition.
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Samples: Competitive Electric Service Agreement, Competitive Electric Service Agreement
Credit Rating. With respect to the Competitive Supplier or Competitive Supplier’s 's Guarantor, its senior unsecured, unsubordinated long-term debt rating, not supported by third party credit enhancement, and if such debt is no longer rated, then the corporate or long-term issuer rating of Competitive Supplier or Competitive Supplier’s 's Guarantor or the senior secured rating of Competitive Supplier or Competitive Supplier’s 's Guarantor; provided, however, that the standing guaranty of Vistra Operations Company LLC, in favor of Competitive Supplier’s 's Guarantor, shall not be considered to constitute “"third party credit enhancement” " for purposes of this definition.
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