Common use of Downgrading Clause in Contracts

Downgrading. The Depositor will not engage in any activity that would result in a downgrading of the Notes without regard to the Policy.

Downgrading. The Depositor will not engage in any activity that would result in a downgrading of the Notes without regard to the PolicyNotes.

Downgrading. The Depositor will not engage in any activity that would result in a downgrading of the Notes [without regard to the Policy].