Common use of Downgrade Event Clause in Contracts

Downgrade Event. Not Applicable. Applicable. If applicable, complete the following: It shall be a Downgrade Event for Party B if Party B’s Credit Rating falls below ______ from S&P or _________ from Moody's or if Party B is not rated by any Ratings Agency. Other: Specify: (e) Guarantor for Party B: Not Applicable. Guarantee Amount: Not Applicable. 8.2 Party B Credit Protection: (a) Financial Information: Option A, as amended. Option B, as amended. Specify: [Guarantor or other party specified, if applicable]________________ Option C Specify: ___________ (b) Credit Assurances: Not Applicable. Applicable. (c)

Downgrade Event. Not Applicable. Applicable. If applicable, complete the following: It shall be a Downgrade Event for Party B if Party B’s Credit Rating falls below ______ from S&P or _________ from Moody's Xxxxx'x or if Party B is not rated by any Ratings Agency. Other: Specify: (e) Guarantor for Party B: Not Applicable. Guarantee Amount: Not Applicable. 8.2 Party B Credit Protection: (a) Financial Information: Option A, as amended. Option B, as amended. Specify: [Guarantor or other party specified, if applicable]________________ Option C Specify: ___________ (b) Credit Assurances: Not Applicable. Applicable. (c)

Downgrade Event. Not Applicable. Applicable. If applicable, complete the following: It shall be a Downgrade Event for Party B if Party B’s Credit Rating falls below ______ from S&P or _________ from Moody's Xxxxx'x or ______ from Fitch or if Party B is not rated by any Ratings Agency. Other: Specify: (e) Guarantor for Party B: Not Applicable. Guarantee Amount: Not Applicable. 8.2 Party B Credit Protection: (a) Financial Information: Option A, as amended. Option B, as amended. Specify: [Guarantor or other party specified, if applicable]________________ Option C Specify: ___________ (b) Credit Assurances: Not Applicable. Applicable. (c)