Common use of Rating Events Clause in Contracts

Rating Events. (i) In the event that the short-term, unsecured and unsubordinated debt obligations of Party A (or its successor) or any Credit Support Provider from time to time in respect of Party A cease to be rated at least as high as "A-1+" by Standard & Poor's Rating Services, a division of The MxXxxx-Xxxx Companies, Inc. (S&P) and, as a result of such cessation, the then current rating of the Series [o] Class [o] Ninth Issuer Notes is downgraded by S&P or placed under review for possible downgrade by S&P (an INITIAL S&P RATING EVENT), then Party A will, within 30 days of the occurrence of such Initial S&P Rating Event, at its own cost either:

Rating Events. (i) In the event that the short-term, unsecured and unsubordinated debt obligations of Party A (or its successor) or any Credit Support Provider from time to time in respect of Party A cease to be rated at least as high as "A-1+" by Standard & Poor's Rating Services, a division of The MxXxxxMcGraw-Xxxx Hill Companies, Inc. (S&P) and, as a result of such cessationresulx xx xxxx xessation, the then current rating of the Series [o] 1 Class [o] A Ninth Issuer Notes is downgraded by S&P or placed under review for possible downgrade by S&P (an INITIAL S&P RATING EVENT), then Party A will, within 30 days of the occurrence of such Initial S&P Rating Event, at its own cost either:

Rating Events. (i) In the event that the short-term, unsecured and unsubordinated debt obligations of Party A (or its successor) or any Credit Support Provider from time to time in respect of Party A cease to be rated at least as high as "A-1+" by Standard & Poor's Rating Services, a division of The MxXxxxMcGraw-Xxxx Hill Companies, Inc. (S&P) and, as a result of such cessation, the then current rating of the Series [o] 2 Class [o] A Ninth Issuer Notes is downgraded by S&P or placed under review for possible downgrade by S&P (an INITIAL S&P RATING EVENT), then Party A will, within 30 days of the occurrence of such Initial S&P Rating Event, at its own cost either: