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 A if Party A’s Credit Rating falls below ___ from S&P or ___ from Moody's or if Party A is not rated by either S&P or Moody's. Other: Specify: (e) Guarantor for Party A: __________________________ Guarantee Amount: $__________ Confidentiality Confidentiality Applicable If not checked, inapplicable. Schedule M Party A is a Governmental Entity or Public Power System Party B is a Governmental Entity or Public Power System Add Section 3.6. If not checked, inapplicable Add Section 8.6. If not checked, inapplicable

Downgrade Event. Not Applicable Applicable Applicable. Applicable. If applicable, complete the following: It shall be a Downgrade Event for Party A if Party A’s Credit Rating falls below ___ from S&P or ___ from Moody's or if Party A is not rated by either S&P or Moody'sany Ratings Agency. Other: Specify: (e) Guarantor for Party A: __________________________ Guarantee Amount: $__________ Confidentiality Confidentiality Applicable Applicable. If not checked, inapplicable. Schedule M Party A is a Governmental Entity or Public Power System System. Party B is a Governmental Entity or Public Power System System. Add Section 3.6. If not checked, inapplicable inapplicable. Add Section 8.68.4. If not checked, inapplicable.

Downgrade Event. Not Applicable Applicable Applicable. Applicable. If applicable, complete the following: It shall be a Downgrade Event for Party A if Party A’s Credit Rating falls below ___ from S&P or ___ from Moody's Xxxxx'x or if Party A is not rated by either S&P or Moody'sany Ratings Agency. Other: Specify: (e) Guarantor for Party A: __________________________ Guarantee Amount: $__________ Confidentiality Confidentiality Applicable Applicable. If not checked, inapplicable. Schedule M Party A is a Governmental Entity or Public Power System System. Party B is a Governmental Entity or Public Power System System. Add Section 3.6. If not checked, inapplicable inapplicable. Add Section 8.68.4. If not checked, inapplicable.

Downgrade Event. Not Applicable Applicable Applicable. Applicable. If applicable, complete the following: It shall be a Downgrade Event for Party A if Party A’s Credit Rating falls below ___ from S&P or ___ from Moody's Xxxxx'x or ______ from Fitch or if Party A is not rated by either S&P or Moody'sany Ratings Agency. Other: Specify: (e) Guarantor for Party A: __________________________ Guarantee Amount: $__________ Confidentiality Confidentiality Applicable Applicable. If not checked, inapplicable. Schedule M Party A is a Governmental Entity or Public Power System System. Party B is a Governmental Entity or Public Power System System. Add Section 3.6. If not checked, inapplicable inapplicable. Add Section 8.68.4. If not checked, inapplicable.

Downgrade Event. Not Applicable Applicable If applicable, complete the following: It shall be a Downgrade Event for Party A if Party A’s Credit Rating falls below ___ from S&P or ___ from Moody's Xxxxx'x or if Party A is not rated by either S&P or Moody'sXxxxx'x. Other: Specify: (e) Guarantor for Party A: __________________________ Guarantee Amount: $__________ Confidentiality Confidentiality Applicable If not checked, inapplicable. Schedule M Party A is a Governmental Entity or Public Power System Party B is a Governmental Entity or Public Power System Add Section 3.6. If not checked, inapplicable Add Section 8.6. If not checked, inapplicable