Common use of Substitute Support Arrangements Clause in Contracts

Substitute Support Arrangements. If at any time the long-term unsecured credit rating of any of the Surety Companies of the then-current Surety Bond shall be downgraded below the equiva­lent of an A- rating by Standard & Poor's Ratings Group or such rating shall be withdrawn, the Seller agrees that within 30 Business Days following delivery of a request of the Purchaser, it shall deliver or cause to be delivered one of the following:

Appears in 2 contracts

Samples: datasets.opentestset.com, datasets.opentestset.com

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Substitute Support Arrangements. If at any time the long-term unsecured credit rating of any of the Surety Companies of the then-current Surety Bond shall be downgraded below the equiva­lent equivalent of an A- rating by Standard & Poor's Ratings Group or such rating shall be withdrawn, the Seller agrees that within 30 Business Days following delivery of a request of the Purchaser, it shall deliver or cause to be delivered one of the following:

Appears in 1 contract

Samples: Forward Sale Contract

Substitute Support Arrangements. If If, at any time time, the long-term unsecured credit rating of any of the Surety Companies of the then-current Surety Bond shall be downgraded below the equiva­lent level specified in clause (i) of an A- rating by Standard & Poor's Ratings Group the definition of "Acceptable Surety Companies" or such rating shall be withdrawn, the Seller agrees that within 30 Business Days following delivery of a request of the Purchaser, it shall deliver or cause to be delivered one of the following:

Appears in 1 contract

Samples: Nisource Inc/De

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Substitute Support Arrangements. If at any time the long-term unsecured credit rating of any of the Surety Companies of the then-current Surety Bond shall be downgraded below the equiva­lent equivalent of an A- A‑ rating by Standard & Poor's Ratings Group or such rating shall be withdrawn, the Seller agrees that within 30 Business Days following delivery of a request of the Purchaser, it shall deliver or cause to be delivered one of the following:

Appears in 1 contract

Samples: datasets.opentestset.com

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