Common use of Subsequent Fitch Rating Event Clause in Contracts

Subsequent Fitch Rating Event. In the event that 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 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 a "Subsequent Fitch Rating Event") then Party A will:

Appears in 2 contracts

Samples: investorreporting.paragonbankinggroup.co.uk, Master Agreement

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Subsequent Fitch Rating Event. In the event that 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 the short- 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 each, a "" Subsequent Fitch Rating Event") ), then Party A will:

Appears in 1 contract

Samples: Master Agreement

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- 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 "Subsequent Fitch Rating Event") then Party A will:

Appears in 1 contract

Samples: Master Agreement

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

Appears in 1 contract

Samples: Master Agreement

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