Initial Fitch Rating Event. In the event that (x) the long-term issuer default rating ("IDR") of Party A (or its successor or assignee) or any Credit Support Provider from time to time in respect of Party A ceases to be rated at least as high as "A" (or its equivalent) by Fitch Ratings Ltd ("Fitch") or (y) the short-term IDR of Party A (or its successor or assignee) or any Credit Support Provider from time to time in respect of Party A ceases to be rated at least as high as "F1" (or its equivalent) by Fitch (each of (x) and (y) an "Initial Fitch Rating Event") then Party A will, on a reasonable efforts basis and at its own cost and expense, either:
Initial Fitch Rating Event. In the event that:
Initial Fitch Rating Event. An Initial Fitch Rating Event has commenced and is continuing and:
Initial Fitch Rating Event. If an Initial Fitch Rating Event occurs and Party A does not take any of the measures described in Part 5(e)(iii) above (and regardless of whether reasonable efforts have been used to implement any of those measures), such failure shall not be or give rise to an Event of Default but shall constitute an Additional Termination Event with respect to Party A which shall be deemed to have occurred on the next Local Business Day after the thirtieth calendar day following the Initial Fitch Rating Event, with Party A as the sole Affected Party and all Transactions as Affected Transactions.
Initial Fitch Rating Event. In the event that neither Party A (or its successor or assignee) nor any Credit Support Provider from time to time in respect of Party A has a short-term issuer default rating ("IDR"), a long-term IDR, or, or, if assigned, a derivative counterparty rating ("DCR") at least as high as the corresponding Unsupported Minimum Counterparty Ratings (an "Initial Fitch Rating Event") then Party A will, on a reasonable efforts basis and at its own cost and expense, either:
Initial Fitch Rating Event. In the event that neither Party A (nor its successor nor permitted assignee) nor any Credit Support Provider (that is a Fitch Eligible Guarantor) from time to time in respect of Party A has the Unsupported Minimum Counterparty Ratings (such event being an "Initial Fitch Rating Event"), then Party A will, on a reasonable efforts basis and at its own expense, either:
Initial Fitch Rating Event. If an Initial Fitch Rating Event occurs then Party A will, on a reasonable efforts basis and at its own expense, either:
Initial Fitch Rating Event. In the event that the Long-Term Fitch Rating and the short-term IDR of Party A (or its successor or assignee) and any Credit Support Provider (that is a Fitch Eligible Guarantor) from time to time in respect of Party A cease to be rated at least as high as the corresponding Unsupported Minimum Counterparty Rating (such event being an "Initial Fitch Rating Event") then:
Initial Fitch Rating Event. In the event that the long-term issuer default rating ("IDR") of Party A (or its successor or assignee) or any Credit Support Provider from time to time in respect of Party A ceases to be rated at least as high as "A" (or its equivalent) by Fitch Ratings Ltd ("Fitch") or the short-term IDR of Party A (or its successor or assignee) or any Credit Support Provider from time to time in respect of Party A ceases to be rated at least as high as "F1" (or its equivalent) by Fitch (each an "Initial Fitch Rating Event") then Party A will, on a reasonable efforts basis and at its own cost and expense, either:
Initial Fitch Rating Event. If at any time:
