Common use of Designated Event Clause in Contracts

Designated Event. A Designated Event occurs with respect to a Party or its Credit Support Provider (if any), and the creditworthiness of the Party or its Credit Support Provider or, if applicable, the successor, surviving or transferee entity of the Party or its Credit Support Provider (as applicable) is materially weaker than that of the Party or its Credit Support Provider immediately prior to such Designated Event.

Appears in 11 contracts

Samples: Master Agreement for Purchasing and Selling Low Carbon Fuel Standard Credits, Master Agreement for Purchasing and Selling Low Carbon Fuel Standard Credits, Leap Master Agreement for Purchasing and Selling Low Carbon Fuel Standard Credits

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