Common use of Ratings Event Clause in Contracts

Ratings Event. (i) In the event that the long-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 ["AA-"] by Standard & Poor's Rating Services, a division of The McGraw-Hill Companies, Inc. ("S&P") and, as a result of such downxxxxxxx, the then current rating of the Series o Class o Third Issuer Notes is downgraded or placed under review for possible downgrade by S&P (an "S&P Rating Event"), then Party A will, within 30 days of the occurrence of such Ratings Event at its own cost either:

Ratings Event. (i) In the event that the long-term, unsecured and unsubordinated debt obligations of the Credit Support Provider 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 ["AA-"] " by Standard & Poor's Rating Services, a division of The McGrawXxXxxx-Hill Xxxx Companies, Inc. ("S&P") and, as a result of such downxxxxxxxcessation, the then current rating of the Series o 3 Class o Third [A/B/M/C] Fourth Issuer Notes is downgraded or placed under review for possible downgrade by S&P (an "INITIAL S&P Rating EventRATING EVENT"), then Party A will, within 30 days of the occurrence of such Ratings Event Initial S&P Rating Event, at its own cost either:

Ratings Event. (i) In the event that If the long-term, unsecured and unsubordinated debt obligations of the Credit Support Provider 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 ["AA-"] " by Standard & Poor's Rating Services, a division of The McGrawXxXxxx-Hill Xxxx Companies, Inc. ("S&P") and, as a result of such downxxxxxxxcessation, the then current rating of the Series o 2 Class o Third [A/B/C] Sixth Issuer Notes is downgraded or placed under review for possible downgrade by S&P (an "INITIAL S&P Rating EventRATING EVENT"), then Party A will, within 30 days of the occurrence of such Ratings Event Initial S&P Rating Event, at its own cost either:

Ratings Event. (i) In the event that the long-term, unsecured and unsubordinated debt obligations of the Credit Support Provider 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 ["AA-"] by Standard & Poor's Rating Services, a division of The McGrawXxXxxx-Hill Xxxx Companies, Inc. ("S&P") and, as a result of such downxxxxxxxcessation, the then current rating of the Series o 3 Class o Third [A/B/C] Fifth Issuer Notes is downgraded or placed under review for possible downgrade by S&P (an "INITIAL S&P Rating EventRATING EVENT"), then Party A will, within 30 days of the occurrence of such Ratings Event Initial S&P Rating Event, at its own cost either:

Ratings Event. (i) In If the event that the longshort-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 A's Credit Support Provider cease to be rated at least as high as ["AA-"] A-1+" by Standard & Poor's Rating Services, a division of The McGrawXxXxxx-Hill Xxxx Companies, Inc. ("S&P") and, as a result of such downxxxxxxxcessation, the then current rating of the Series o 1 Class o Third [A/B/C] Seventh Issuer Notes is downgraded or placed under review for possible downgrade by S&P (an "INITIAL S&P Rating EventRATING EVENT"), then Party A will, within 30 days of the occurrence of such Ratings Event Initial S&P Rating Event, at its own cost either:

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

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

Ratings Event. (i) In the event that the longshort-term, unsecured and unsubordinated debt obligations of Party A (or its successor) or any credit support provider Credit Support Provider from time to time in respect of Party A cease to be rated at least as high as ["AA-"] “A-1+” by Standard & Poor's ’s Rating Services, a division of The McGrawXxXxxx-Hill Xxxx Companies, Inc. ("“S&P"”) and, as a result of such downxxxxxxxcessation, the then current rating of the Series o Class o Third Issuer Notes is downgraded 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 Ratings Event Initial S&P Rating Event, at its own cost either:

Ratings Event. (i) In the event that the longshort-term, unsecured and unsubordinated debt obligations of Party A (or its successorsuccessor or assignee) or and, if relevant, any credit support provider from time to time in respect Credit Support Provider of Party A cease to be rated at least as high as [A, is downgraded below "AA-A-1+" (the "] S&P Required Rating") by Standard & Poor's Rating Services, a division of The McGrawXxXxxx-Hill Companies, Xxxx Companies Inc. ("S&P") and, and as a result of such downxxxxxxx, downgrade the then current rating of the Series o Class o Third Issuer Relevant Notes is may in the reasonable opinion of S&P be downgraded 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 Ratings Initial S&P Rating Event at its own cost either:

Ratings Event. (i) In the event that the long-term, unsecured and unsubordinated debt obligations of the Credit Support Provider 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 ["AA-"] by Standard & Poor's Rating Services, a division of The McGraw-Hill Companies, Inc. ("S&P") and, as a result of such downxxxxxxxsucx xxxxxxxxxng, the then current rating of the Series o Class o Third Issuer Notes is downgraded or placed under review for possible downgrade by S&P (an "S&P Rating Event"), then Party A will, within 30 days of the occurrence of such Ratings Event at its own cost either:

Ratings Event. (i) In If the event that the longshort-term, unsecured and unsubordinated debt obligations of Party A (or its successor) or any credit support provider Credit Support Provider from time to time in respect of Party A cease to be rated at least as high as ["AA-"] A-1+" by Standard & Poor's Rating Services, a division of The McGrawXxXxxx-Hill Xxxx Companies, Inc. ("S&P") and, as a result of such downxxxxxxxcessation, the then current rating of the Series o Class o Third Issuer Relevant Notes is downgraded 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 Ratings Event will at its own cost either:

Ratings Event. (i) In the event that the long-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 ["AA-"] by Standard & Poor's Rating Services, a division of The McGraw-Hill Companies, Inc. ("S&P") and, as a result of such downxxxxxxxdowngxxxxxx, the then current rating of the Series o Class o Third Issuer Notes is downgraded or placed under review for possible downgrade by S&P (an "S&P Rating Event"), then Party A will, within 30 days of the occurrence of such Ratings Event at its own cost either:

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

Ratings Event. (i) In the event that If the long-term, unsecured and unsubordinated debt obligations of Party A (or its successor) or any credit support provider Credit Support Provider from time to time in respect of Party A cease to be rated at least as high as ["AA-"] " by Standard & Poor's Rating Services, a division of The McGraw-Hill Companies, Inc. ("S&P") and, as a result of such downxxxxxxxsuxx xxxxxxxxn, the then current rating of the Series o 2 Class o Third C Seventh Issuer Notes is downgraded or placed under review for possible downgrade by S&P (an "INITIAL S&P Rating EventRATING EVENT"), then Party A will, within 30 days of the occurrence of such Ratings Event Initial S&P Rating Event, at its own cost either:

Ratings Event. (i) In the event that If the long-term, unsecured and unsubordinated debt obligations of Party A (or its successor) or any credit support provider Credit Support Provider from time to time in respect of Party A cease to be rated at least as high as ["AA-"] " by Standard & Poor's Rating Services, a division of The McGraw-Hill Companies, Inc. ("S&P") and, as a result of such downxxxxxxxsuxx xxxxxxxxn, the then current rating of the Series o 2 Class o Third B Seventh Issuer Notes is downgraded or placed under review for possible downgrade by S&P (an "INITIAL S&P Rating EventRATING EVENT"), then Party A will, within 30 days of the occurrence of such Ratings Event Initial S&P Rating Event, at its own cost either:

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