Common use of Party A Credit Protection Clause in Contracts

Party A Credit Protection. Credit and Collateral Requirements (a) Financial Information: [x] Option A [] Option B Specify: [] Option C Specify: (b) Credit Assurances: [x] Not Applicable [] Applicable (c) Collateral Threshold: [x] Not Applicable [] Applicable If applicable, complete the following: Party B Collateral Threshold: $ N/A; provided, however, that Party B’s Collateral Threshold shall be zero if an Event of Default or Potential Event of Default with respect to Party B has occurred and is continuing. Party B Independent Amount: $N/A Party B Rounding Amount: $N/A (d) Downgrade Event: If applicable, complete the following: [] It shall be a Downgrade Event for Party B if Party B’s Credit Rating falls below from S&P or from Moody’s or if Party B is not rated by either S&P or Moody’s

Appears in 3 contracts

Samples: Confirmation Agreement, Confirmation Agreement, Confirmation Agreement

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Party A Credit Protection. Credit and Collateral Requirements (a) Financial Information: [x] Option A [] Option B Specify: [] Option C Specify: (b) Credit Assurances: [x] Not Applicable [] Applicable (c) Collateral Threshold: [x] Not Applicable [] Applicable If applicable, complete the following: Party B Collateral Threshold: $ N/A; provided, however, that Party B’s Collateral Threshold shall be zero if an Event of Default or Potential Event of Default with respect to Party B has occurred and is continuing. Party B Independent Amount: $N/A Party B Rounding Amount: $N/A (d) Downgrade Event: [x] Not Applicable [] Applicable If applicable, complete the following: [] It shall be a Downgrade Event for Party B if Party B’s Credit Rating falls below from S&P or from Moody’s Xxxxx’x or if Party B is not rated by either S&P or Moody’sXxxxx’x [] Other: Specify:

Appears in 2 contracts

Samples: Confirmation Agreement, Confirmation Agreement

Party A Credit Protection. Credit and Collateral Requirements (a) Financial Information: [x] Option A [] Option B Specify: [] Option C Specify: (b) Credit Assurances: [x] Not Applicable [] Applicable (c) Collateral Threshold: [x] Not Applicable [] Applicable If applicable, complete the following: Party B Collateral Threshold: $ N/A; provided, however, that Party B’s Collateral Threshold shall be zero if an Event of Default or Potential Event of Default with respect to Party B has occurred and is continuing. Party B Independent Amount: $N/A Party B Rounding Amount: $N/A (d) Downgrade Event: [x] Not Applicable [] Applicable If applicable, complete the following: [] It shall be a Downgrade Event for Party B if Party B’s Credit Rating falls below from S&P or from Moody’s or if Party B is not rated by either S&P or Moody’s’s [] Other: Specify:

Appears in 2 contracts

Samples: Confirmation Agreement, Confirmation Agreement

Party A Credit Protection. Credit and Collateral Requirements (a) Financial Information: [x] Option A [] Option B Specify: [] Option C Specify: (b) Credit Assurances: [x] Not Applicable [] Applicable (c) Collateral Threshold: [x] Not Applicable [] Applicable If applicable, complete the following: Party B Collateral Threshold: $ N/A; provided, however, that Party B’s Collateral Threshold shall be zero if an Event of Default or Potential Event of Default with respect to Party B has occurred and is continuing. Party B Independent Amount: $N/A Party B Rounding Amount: $N/A (d) Downgrade Event: [x] Not Applicable If applicable, complete the following: [] It shall be a Downgrade Event for Party B if Party B’s Credit Rating falls below from S&P or from Moody’s or if Party B is not rated by either S&P or Moody’s

Appears in 1 contract

Samples: Confirmation Agreement

Party A Credit Protection. Credit and Collateral Requirements Requirements (a) Financial Information: Not Applicable [x] Option A [] Option B Specify: [] Option C Specify: : (b) Credit Assurances: [x] Not Applicable [] Applicable Applicable (c) Collateral Threshold: [x] Not Applicable [] Applicable If applicable, complete the following: Party B Collateral Threshold: $ N/A; provided, however, that Party B’s Collateral Threshold shall be zero if an Event of Default or Potential Event of Default with respect to Party B has occurred and is continuing. Party B Independent Amount: $N/A $ Party B Rounding Amount: $N/A (d) Downgrade Event: [x] Not Applicable [] Applicable If applicable, complete the following: [] It shall be a Downgrade Event for Party B if Party B’s Credit Rating falls below from S&P or from Moody’s or if [] Other: Specify: (e) Guarantor for Party B is not rated by either S&P or Moody’sB: Not Applicable Guarantee Amount: Not Applicable

Appears in 1 contract

Samples: Master Power Purchase and Sale Agreement

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Party A Credit Protection. Credit and Collateral Requirements (a) Financial Information: [x] Option A [] Option B Specify: [] Option C Specify: (b) Credit Assurances: [x] Not Applicable [] Applicable (c) Collateral Threshold: [x] Not Applicable [] Applicable If applicable, complete the following: Party B Collateral Threshold: $ N/A; provided, however, that Party B’s Collateral Threshold shall be zero if an Event of Default or Potential Event of Default with respect to Party B has occurred and is continuing. Party B Independent Amount: $N/A Party B Rounding Amount: $N/A (d) Downgrade Event: [x] Not Applicable [] Applicable If applicable, complete the following: [] It shall be a Downgrade Event for Party B if Party B’s Credit Rating falls below from S&P or from Moody’s Xxxxx’x or if Party B is not rated by either S&P or Moody’sXxxxx’x [] Other: Specify:

Appears in 1 contract

Samples: Confirmation Agreement

Party A Credit Protection. Credit and Collateral Requirements (a) Financial Information: [x] Option A [] Option B Specify: [] Option C Specify: (b) Credit Assurances: [x] Not Applicable [] Applicable (c) Collateral Threshold: [x] Not Applicable [] Applicable If applicable, complete the following: Party B Collateral Threshold: $ N/A; provided, however, that Party B’s Collateral Threshold shall be zero if an Event of Default or Potential Event of Default with respect to Party B has occurred and is continuing. Party B Independent Amount: $N/A Party B Rounding Amount: $N/A (d) Downgrade Event: [x] Not Applicable [] Applicable If applicable, complete the following: [] It shall be a Downgrade Event for Party B if Party B’s Credit Rating falls below from S&P or from Moody’s Xxxxx’x or if Party B is not rated by either S&P or Moody’sXxxxx’x

Appears in 1 contract

Samples: Confirmation Agreement

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