Common use of Second Subsequent Fitch Rating Event Clause in Contracts

Second Subsequent Fitch Rating Event. In the event that (x) the long-term IDR of Party A (or its successor or assignee) or any Credit Support Provider from time to time in respect of Party A ceases to be rated at least as high as "BBB-" (or its equivalent) by Fitch or (y) the short-term IDR of Party A (or its successor or assignee) or any Credit Support Provider from time to time in respect of Party A ceases to be rated at least as high as "F3" (or its equivalent) by Fitch (each of (x) and (y) a "Second Subsequent Fitch Rating Event") then Party A will:

Second Subsequent Fitch Rating Event. In the event that (x) the long-term IDR of Party A (or its successor or assignee) or any Credit Support Provider from time to time in respect of Party A ceases to be rated at least as high as "BBB-BBB+" (or its equivalent) by Fitch or (y) the short-term IDR of Party A (or its successor or assignee) or any Credit Support Provider from time to time in respect of Party A ceases to be rated at least as high as "F3F2" (or its equivalent) by Fitch (each of (x) and (y) a "Second Subsequent Fitch Rating Event") then Party A will: