Common use of CONSEQUENCES OF RATING EVENTS Clause in Contracts

CONSEQUENCES OF RATING EVENTS. (A) If Party A does not take any of the measures described in (i), (ii), (iv) or (v) above, such failure shall not be or give rise to an Event of Default but shall constitute an Additional Termination Event with respect to Party A and shall be deemed to have occurred on the thirtieth day following the relevant S&P Rating Event, Fitch Rating Event, or ▇▇▇▇▇'▇ Initial Rating Event or ▇▇▇▇▇'▇ Subsequent Rating Event (as applicable) with Party A as the sole Affected Party and all Transactions as Affected Transactions. (B) If Party A does not take the measures described in (iii)(B)(4) above, such failure shall give rise to an Event of Default with respect to Party A and shall be deemed to have occurred on the tenth day following such Subsequent ▇▇▇▇▇'▇ Rating Event with Party A as the Defaulting Party. Further, notwithstanding Section 5(a)(ii) of this Agreement, if ten days after receiving notice of failure to use its [BEST] [reasonable]* efforts to either transfer as described in (iii)(B)(1), find a co-obligor as described in (iii)(B)(2) or take such other action as described in

CONSEQUENCES OF RATING EVENTS. (A) If Party A does not take any of the measures described in (i), (ii), (iv) or (v) above, such failure shall not be or give rise to an Event of Default but shall constitute an Additional Termination Event with respect to Party A and shall be deemed to have occurred on the thirtieth day following the relevant S&P Rating Event, Fitch Rating Event, or ▇▇▇▇▇'▇ Moody's Initial Rating Event or Moody's ▇▇▇▇▇'▇ Subsequent sequent Rating Event (as applicableapplicab▇▇) with ▇▇▇h Party A as the sole Affected Party and all Transactions as Affected Transactions. (B) If Party A does not take the measures described in (iii)(B)(4) above, such failure shall give rise to an Event of Default with respect to Party A and shall be deemed to have occurred on the tenth day following such Subsequent ▇▇▇▇▇'▇ Moody's Rating Event with Party A as the Defaulting Party. Further, notwithstanding Section 5(a)(ii) of this Agreement, if ten days after receiving notice of failure to use its [BEST] [reasonable]* efforts to either transfer as described in (iii)(B)(1), find a co-obligor as described in (iii)(B)(2) or take such other action as described in