Common use of Downgrade Event Clause in Contracts

Downgrade Event.  Not Applicable  Applicable  Not Applicable  Applicable  Applicable- Otherwise Specified: (specify)  Applicable- Otherwise Specified: (specify)

Downgrade Event.  □ Not Applicable  □ Applicable  □ Not Applicable  □ Applicable  □ Applicable- Otherwise Specified: (specify)  □ Applicable- Otherwise Specified: (specify)