Buyer Downgrade Event definition

Buyer Downgrade Event means that Buyer’s (or Buyer’s Guarantor’s) Credit Rating is less than BBB- by S&P, BBB- by Fitch or Baa3 by Moody’s.
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Buyer Downgrade Event means that Buyer’s (or Buyer’s Guarantor’s) Credit Rating is less than the Buyer Minimum Rating for each of the Ratings Agencies by which Buyer is rated.
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Buyer Downgrade Event means that Buyer’s Credit Rating is less than BBB- by S&P or Baa3 by Moody’s.
Sample 1

Examples of Buyer Downgrade Event in a sentence

  • If at any time and from time to time during the term of this Agreement, a Buyer Downgrade Event occurs, notwithstanding the provisions of Article 7 (Billing and Settlement), Seller shall have the right to require Buyer to divide the Monthly Settlement Amount or Monthly Spot Energy Settlement Amount into twice-monthly amounts and pay such amounts on a twice-monthly basis for so long as the Buyer Downgrade Event continues.

Related to Buyer Downgrade Event

  • Default Event means an event or circumstance which leads Operator to determine that a Venue User is or appears to be unable or likely to become unable to meet its obligations in respect of an Order or Transaction or to comply with any other obligation under an Agreement or Applicable Law.

  • Release Event has the meaning set forth in Section 6(b).