Initial Fitch Rating Event. An Initial Fitch Rating Event has commenced and is continuing and: (1) Party A fails to comply with Part 6(a)(1)(ii)(A)(1) and has not implemented at least one of the remedies described in Part 6(a)(1)(ii)(A)(2) within the Initial Fitch Remedy Period; or (2) Party A fails to comply with Part 6(a)(1)(ii)(A)(1) and has not implemented at least one of the remedies described in Part 6(a)(1)(ii)(A)(2) at any time after the Initial Fitch Remedy Period.
Appears in 4 contracts
Samples: Basis Rate Swap Agreement, Isda Master Agreement, Basis Rate Swap Agreement (Fixed and Tracker)
