Common use of Second Trigger Event Additional Obligations Clause in Contracts

Second Trigger Event Additional Obligations. For so long as Party A does not satisfy the Moody’s Ratings Requirement (Second Trigger) or the S&P Ratings Requirement (Second Trigger), Party A shall use commercially reasonable efforts to obtain a Firm Offer to, as soon as is reasonably practicable, either (1) transfer its obligations under this Agreement to an Eligible Replacement that satisfies the Moody’s Ratings Requirement (Second Trigger) and the S&P Ratings Requirement (First Trigger) or (2), to the extent consistent with its then-current internal policies and practices, guaranty its present and future payment and delivery obligations under this Agreement and the CSA through an Eligible Guarantee from a guarantor that satisfies the Moody’s Ratings Requirement (Second Trigger) and the S&P Ratings Requirement (First Trigger).

Second Trigger Event Additional Obligations. For so long as Party A does not satisfy the Moody’s Ratings Requirement (Second Trigger) or the S&P Ratings Requirement (Second Trigger), Party A shall shall, at its own expense, use commercially reasonable efforts to obtain a Firm Offer to, as soon as is reasonably practicable, either (1) transfer its obligations under this Agreement to an Eligible Replacement that satisfies the Moody’s Ratings Requirement (Second Trigger) and the S&P Ratings Requirement (First Second Trigger) or or, (2), ) to the extent consistent with its then-current internal policies and practices, guaranty its present and future payment and delivery obligations under this Agreement and the CSA through an Eligible Guarantee from a guarantor that satisfies the Moody’s Ratings Requirement (Second Trigger) and Trigger)and the S&P Ratings Requirement (First Second Trigger).