Common use of Ratings Event Clause in Contracts

Ratings Event. (i) If the long-term, unsecured and unsubordinated debt obligations of the Credit Support Provider of Party A (or its successor) 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 suxx xxxxxxxxn, the then current rating of the Series 2 Class A Sixth 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 Initial S&P Rating Event, at its own cost either:

Ratings Event. (i) If the longshort-term, unsecured and unsubordinated debt obligations of the Party A's Credit Support Provider of Party A (or its successor) 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 suxx xxxxxxxxnsuch cessaxxxx, the then current rating of the Series 2 1 Class A Sixth B Seventh 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 Initial S&P Rating Event, at its own cost either:

Ratings Event. (i) If the longshort-term, unsecured and unsubordinated debt obligations of the Party A's Credit Support Provider of Party A (or its successor) 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 suxx xxxxxxxxnxxxx xxxxxtion, the then current rating of the Series 2 1 Class A Sixth C Seventh 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 Initial S&P Rating Event, at its own cost either:

Ratings Event. (i) If the long-term, unsecured and unsubordinated debt obligations of the Credit Support Provider of Party A (or its successor) 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 suxx xxxxxxxxnsucx xxxxxxxxx, the then current rating of the Series 2 Class A C Sixth 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 Initial S&P Rating Event, at its own cost either:

Ratings Event. (i) If the longshort-term, unsecured and unsubordinated debt obligations of the Party A's Credit Support Provider of Party A (or its successor) 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 suxx xxxxxxxxnsuch xxxxxxxxx, the then current rating of the Series 2 1 Class A Sixth Seventh 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 Initial S&P Rating Event, at its own cost either:

Ratings Event. (i) If the long-term, unsecured and unsubordinated debt obligations of the Credit Support Provider of Party A (or its successor) 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 suxx xxxxxxxxn, the then current rating of the Series 2 Class A B Sixth 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 Initial S&P Rating Event, at its own cost either:

Ratings Event. (i) If In the event that the long-term, unsecured and unsubordinated debt obligations of the Credit Support Provider of Party A (or its successor) 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 suxx xxxxxxxxnsuch xxxxxxxxxxg, the then current rating of the Series 2 o Class A Sixth 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 Initial S&P Rating Event, Ratings Event at its own cost either:

Ratings Event. (i) If In the longevent that the short-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-" A-1 by Standard & Poor's Rating Services, a division of The McGraw-Hill Companies, Companies Inc. ("S&P") and, as a result of suxx xxxxxxxxnsuch xxxxxxxxxng, the then current rating of the Series 2 Class 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 Initial S&P Rating Event, Event at its own cost cost, either:

Ratings Event. (i) 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 McGraw-Hill Companies, Inc. ("S&P") and, as a result of suxx xxxxxxxxn, the then current rating of the Series 2 Class A Sixth Seventh 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 Initial S&P Rating Event, at its own cost either:

Ratings Event. (i) If In the longevent that the short-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-" A1 by Standard & Poor's Rating Services, a division of The McGrawXxXxxx-Hill Companies, Xxxx Companies Inc. ("S&P") and, as a result of suxx xxxxxxxxnsuch downgrading, the then current rating of the Series 2 Class A Sixth Issuer Notes [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 Initial S&P Rating Event, Event at its own cost cost, either: