Common use of Downgrade Event Clause in Contracts

Downgrade Event. Section 8.1(d) is amended to add the following phrase after the phrase "or other credit assurance acceptable to Party A within three (3) Business Days of receipt of notice": "or fails to maintain such Performance Assurance or guaranty or other credit assurance for so long as the Downgrade Event is continuing".

Downgrade Event. Section 8.1(d8.2(d) is amended to add the following phrase after the phrase "or other credit assurance acceptable to Party A B within three (3) Business Days of receipt of notice": "or fails to maintain such Performance Assurance or guaranty or other credit assurance for so long as the Downgrade Event is continuing".