Common use of Subsequent Fitch Rating Event Clause in Contracts

Subsequent Fitch Rating Event. In the event that neither Party A (or its successor or assignee) nor any Credit Support Provider from time to time in respect of Party A has a short-term IDR, a long-term IDR, or, if assigned, a DCR at least as high as the corresponding Supported Minimum Counterparty Ratings (a "Subsequent Fitch Rating Event") then Party A will: (A) at its own cost and expense, use its reasonable endeavours to take any of the actions set out in subparagraphs (i)(B)(1), (i)(B)(2) or (i)(B)(3) of this Part 5(g) (Ratings Event) within 30 calendar days of the occurrence of such Subsequent Fitch Rating Event; and (B) pending taking any of the actions set out in subparagraphs (i)(B)(1), (i)(B)(2) or (i)(B)(3) of this Part 5(g) (Ratings Event), Party A will, at its own cost and expense, within ten calendar days of the occurrence of the Subsequent Fitch Rating Event post collateral to the extent required to do so in the form of cash or securities or both in support of its obligations under this Agreement in accordance with the terms of the Credit Support Annex.

Subsequent Fitch Rating Event. In the event that either (x) neither Party A (or its successor or assignee) nor any Credit Support Provider from time to time in respect of Party A has a long-term IDR at least as high as "BBB-" (or its equivalent) by Fitch or (y) neither Party A (or its successor or assignee) nor any Credit Support Provider from time to time in respect of Party A has a short-term IDR, a long-term IDR, or, if assigned, a DCR IDR at least as high as the corresponding Supported Minimum Counterparty Ratings "F3" (or its equivalent) by Fitch (each of (x) and (y) a "Subsequent Fitch Rating Event") then Party A will: (A) at its own cost and expense, use its reasonable endeavours to take any of the actions set out in subparagraphs (i)(B)(1), (i)(B)(2) or (i)(B)(3) of this Part 5(g) (Ratings Event) within 30 calendar days of the occurrence of such Subsequent Fitch Rating Event; and (B) pending taking any of the actions set out in subparagraphs (i)(B)(1), (i)(B)(2) or (i)(B)(3) of this Part 5(g) (Ratings Event), Party A will, at its own cost and expense, within ten calendar days of the occurrence of the Subsequent Fitch Rating Event post collateral to the extent required to do so in the form of cash or securities or both in support of its obligations under this Agreement in accordance with the terms of the Credit Support AnnexXxxxx.

Subsequent Fitch Rating Event. In the event that neither Party A (or its successor or assignee) nor any Credit Support Provider from time to time in respect of Party A has a short-term IDR, a long-term IDR, or, if assigned, a DCR at least as high as the corresponding Supported Minimum Counterparty Ratings (a "Subsequent Fitch Rating Event") then Party A will: (A) at its own cost and expense, use its reasonable endeavours to take any of the actions set out in subparagraphs (i)(B)(1), (i)(B)(2) or (i)(B)(3) of this Part 5(g) (Ratings Event) within 30 calendar days of the occurrence of such Subsequent Fitch Rating Event; and (B) pending taking any of the actions set out in subparagraphs (i)(B)(1), (i)(B)(2) or (i)(B)(3) of this Part 5(g) (Ratings Event), Party A will, at its own cost and expense, within ten calendar days of the occurrence of the Subsequent Fitch Rating Event post collateral to the extent required to do so in the form of cash or securities or both in support of its obligations under this Agreement in accordance with the terms of the Credit Support Annex.