Common use of Downgrade of International Paper Clause in Contracts

Downgrade of International Paper. Any downgrade in the rating of any Indebtedness of International Paper by S&P or Xxxxx’x, setting forth the Indebtedness affected and the nature of such change.

Downgrade of International Paper. Any downgrade in the rating of any Indebtedness of International Paper by S&P or Xxxxx’xMoody’s, setting forth the Indebtedness affected and the nature of such change.