Common use of Downgrade of Party A Clause in Contracts

Downgrade of Party A. (i) In the event (any such event, a "COLLATERALIZATION EVENT") that the long-term senior unsecured debt rating and the short-term obligations ratings of Party A's guarantor (or, if there is no guarantor, Party A) is reduced below A and A-1 by S&P, or A1 and P-1 by Moody's, respectively, to the extent such obligations are rated by S&P and Moody's (such ratings thresholds, the "APPROVED RATINGS THRESHOLDS "), then within 30 days after such rating downgrade, Party A, at its own expense and subject to the Rating Agency Condition, shall either (i) cause another entity to replace Party A as party to this Agreement that meets or exceeds the Approved Rating Thresholds on terms substantially similar to this Agreement, or (ii) deliver collateral in the form of cash or U.S. treasury obligations equal to the amount required pursuant to the then-current published criteria of the applicable Rating Agency (or, if there is no such criteria, an amount equal to Party B's "Exposure" (as such term is defined in the CSA) of the Transaction) pursuant to the form of the 1994 ISDA Credit Support Annex (New York law) (the "CSA") the terms of which are hereby incorporated by reference herein, or (iii) obtain a guaranty in a form reasonably acceptable to S&P and Moody's, as applicable, of, or a contingent agreement of, another person with the Approved Rating Thresholds to honor Party A's obligation under this Agreement, or (iv) take such other action as Party A may agree in writing with S&P and Moody's,. For purposes of this provision, "

Downgrade of Party A. (i) In the event (any such event, a "COLLATERALIZATION EVENT"“Collateralization Event”) that the long-term senior unsecured debt rating and the short-term obligations ratings of Party A's guarantor (or, if there is no guarantor, Party A) is reduced below A and A-1 by S&P, or A1 and P-1 by Moody's, respectivelyor (i) the short-term obligations rating is reduced below A-1 or (ii) if Party A does not have a short-term obligations rating by S&P, Party A’s long-term senior unsecured debt rating is reduced below A+ by S&P to the extent such obligations are rated by S&P and Moody's (such ratings thresholds, the "APPROVED RATINGS THRESHOLDS Approved Ratings Thresholds "), then within 30 days after such rating downgrade, Party A, at its own expense and subject to the Rating Agency Condition, shall either (i) cause another entity to replace Party A as party to this Agreement that meets or exceeds the Approved Rating Thresholds on terms substantially similar to this Agreement, or (ii) deliver collateral in the form of cash or U.S. treasury obligations equal to the amount required pursuant to the then-current published criteria of the applicable Rating Agency (or, if there is no such criteria, an amount equal to Party B's "’s “Exposure" ” (as such term is defined in the CSA) of the Transaction) pursuant to the form of the 1994 ISDA Credit Support Annex (New York law) (the "“CSA"”) the terms of which are hereby incorporated by reference herein, or (iii) obtain a guaranty in a form reasonably acceptable to S&P S&P, Moody’s and Moody'sDBRS, as applicable, of, or a contingent agreement of, another person with the Approved Rating Thresholds to honor Party A's obligation under this Agreement, or (iv) take such other action as Party A may agree in writing with S&P and Moody's’s,. For purposes of this provision, "“Rating Agency Condition” means, with respect to any particular proposed act or omission to act hereunder that the party acting or failing to act must consult with each of the Rating Agencies then providing a rating of the Certificates and receive from each of the Rating Agencies a prior written confirmation that the proposed action or inaction would not cause a downgrade or withdrawal of the then-current rating of the Certificates.

Downgrade of Party A. (i) In the event (any such event, a "COLLATERALIZATION EVENT"“Collateralization Event”) that the long-term senior unsecured debt rating and the short-term obligations ratings of Party A's guarantor (or, if there is no guarantor, Party A) is reduced below A and A-1 by Standard & Poor's Ratings Service ("S&P"), or A1 and P-1 by Mxxxx'x Investors Service, Inc. ("Moody's"), or A and F1 by Fitch, Inc. ("Fitch"), respectively, to the extent such obligations are rated by S&P and Moody's Mxxxx'x and Fitch (such ratings thresholds, the "APPROVED RATINGS THRESHOLDS Approved Ratings Thresholds"), then within 30 days after such rating downgrade, Party A, at its own expense and subject to the Rating Agency Condition, shall either (i) cause another entity to replace Party A as party to this Agreement that meets or exceeds the Approved Rating Thresholds on terms substantially similar to this Agreement, or (ii) deliver collateral in the form of cash or U.S. treasury obligations equal to the amount required pursuant to the then-current published criteria of the applicable Rating Agency (or, if there is no such criteria, an amount equal to Party B's "’s “Exposure" ” (as such term is defined in the CSA) of the Transaction) pursuant to the form of the 1994 ISDA Credit Support Annex (New York law) (the "“CSA"”) the terms of which are hereby incorporated by reference herein, or (iii) obtain a guaranty in a form reasonably acceptable to S&P S&P, Mxxxx’x, and Moody'sFitch, as applicable, of, or a contingent agreement of, another person with the Approved Rating Thresholds to honor Party A's obligation under this Agreement, or (iv) take such other action as Party A may agree in writing with S&P S&P, Mxxxx’x, and Moody's,Fitch. For purposes of this provision, "“