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 either S&P or Moody’s does not rate Party B. Other: Specify: (e) Guarantor for Party B: None Guarantee Amount: 8.2 Party B Credit Protection: (a) Financial Information: Option A Option B Specify: 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 or if either S&P or Moody’s does not rate Party B. Other: Specify: (e) Guarantor for Party B: None Guarantee Amount: 8.2 Party B Credit Protection: (a) Financial Information: Option A Option B Specify: 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 or if either S&P or Moody’s does not rate Party B. Other: Specify: (e) Guarantor for Party B: None Guarantee Amount: 8.2 Party B Credit Protection: (a) Financial Information: Option A Option B Specify: Option C Specify: (b) Credit Assurances: Not Applicable Applicable (c):

Downgrade Event. Not Applicable Applicable 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 either S&P or Moody’s does Party B is not rate Party B. rated by any Ratings Agency. Other: Specify: (e) Guarantor for Party B: None Not Applicable. Guarantee Amount: 8.2 Party B Credit Protection: (a) Financial Information: Option A Option B Specify: Option C Specify: (b) Credit Assurances: Not Applicable Applicable (c)Applicable.

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 either S&P or Moody’s Xxxxx’x does not rate Party B. Other: Specify: (e) Guarantor for Party B: None Guarantee Amount: 8.2 Party B Credit Protection: (a) Financial Information: Option A Option B Specify: Option C Specify: (b) Credit Assurances: Not Applicable Applicable (c):