Ratings Downgrade. (a) (DOWNGRADE): If, as a result of the reduction or withdrawal of the credit rating of Party A, Party A is assigned a credit rating by a Rating Agency less than the relevant Prescribed Rating, Party A must by the expiry of the Prescribed Rating Period in relation to the credit ratings assigned by the Rating Agencies to Party A at that time (or such greater period as is agreed to in writing by each relevant Rating Agency), at its cost alone and at its election:
Appears in 4 contracts
Samples: Master Agreement (Securitisation Advisory Services Pty LTD), Master Agreement (Securitisation Advisory Services Pty LTD), Master Agreement (Medallion Trust Series 2007-1g)
