Common use of First Subsequent Fitch Rating Event Clause in Contracts

First Subsequent Fitch Rating Event. If: (a) the long-term, unsecured and unsubordinated debt obligations of Party A (or its successor or permitted transferee) or any Credit Support Provider from time to time in respect of Party A cease to be rated at least as high as “BBB+” (or its equivalent) by Fitch; or (b) the rating of the short-term, unsecured and unsubordinated debt obligations of Party A (or its successor or permitted transferee) or any Credit Support Provider from time to time in respect of Party A cease to be rated at least as high as “F2” (or its equivalent) by Fitch (each a First Subsequent Fitch Rating Event), Party A will at its own cost and expense use its best endeavours to: (i) provide collateral under the Credit Support Annex within 30 days of such First Subsequent Fitch Rating Event (in accordance with Paragraph 11(h)(vii) of the Credit Support Annex); or Back to Contents (ii) take any of the actions set out in subparagraphs 7.5(ii), 7.5(iii) or 7.5(iv) above within 30 days of the occurrence of such First Subsequent Fitch Rating Event. If any of the actions set out in subparagraph 7.6(b)(ii) above is taken at any time, Party A will not be required to transfer any additional collateral in respect of such First Subsequent Fitch Rating Event.

First Subsequent Fitch Rating Event. If: (a) the long-term, unsecured and unsubordinated debt obligations of Party A (or its successor or permitted transferee) or any Credit Support Provider from time to time in respect of Party A cease to be rated at least as high as “BBB+” (or its equivalent) by Fitch; or (b) the rating of the short-term, unsecured and unsubordinated debt obligations of Party A (or its successor or permitted transferee) or any Credit Support Provider from time to time in respect of Party A cease to be rated at least as high as “F2” (or its equivalent) by Fitch Fitch, (each a First Subsequent Fitch Rating Event), Party A will at its own cost and expense use its best endeavours to: (i) provide collateral under the Credit Support Annex within 30 days of such First Subsequent Fitch Rating Event (in accordance with Paragraph 11(h)(vii11.8(g) of the Credit Support Annex); or Back to Contentsor (ii) take any of the actions set out in subparagraphs 7.5(ii), 7.5(iii) or 7.5(iv) above within 30 days of the occurrence of such First Subsequent Fitch Rating Event. Back to Contents If any of the actions set out in subparagraph 7.6(b)(ii) above is taken at any time, Party A will not be required to transfer any additional collateral in respect of such First Subsequent Fitch Rating Event.

First Subsequent Fitch Rating Event. If: (a) the long-term, unsecured and unsubordinated debt obligations of Party A (or its successor or permitted transferee) or any Credit Support Provider from time to time in respect of Party A cease to be rated at least as high as “BBB+” (or its equivalent) by Fitch; or (b) the rating of the short-term, unsecured and unsubordinated debt obligations of Party A (or its successor or permitted transferee) or any Credit Support Provider from time to time in respect of Party A cease to be rated at least as high as “F2” (or its equivalent) by Fitch (each a First Subsequent Fitch Rating Event), Party A will at its own cost and expense use its best endeavours to: (i) provide collateral under the Credit Support Annex within 30 days of such First Subsequent Fitch Rating Event (in accordance with Paragraph 11(h)(vii) of the Credit Support Annex)) ; or Back to Contents (ii) take any of the actions set out in subparagraphs 7.5(ii), 7.5(iii) or 7.5(iv) above within 30 days of the occurrence of such First Subsequent Fitch Rating Event. If any of the actions set out in subparagraph 7.6(b)(ii7.6(ii) above is taken at any time, Party A will not be required to transfer any additional collateral in respect of such First Subsequent Fitch Rating Event.

First Subsequent Fitch Rating Event. If: (a) the long-term, unsecured and unsubordinated debt obligations of Party A (or its successor or permitted transferee) or any Credit Support Provider from time to time in respect of Party A cease to be rated at least as high as “BBB+” (or its equivalent) by Fitch; or (b) the rating of the short-term, unsecured and unsubordinated debt obligations of Party A (or its successor or permitted transferee) or any Credit Support Provider from time to time in respect of Party A cease to be rated at least as high as “F2” (or its equivalent) by Fitch (each a First Subsequent Fitch Rating Event), Party A will at its own cost and expense use its best endeavours to: (i) provide collateral under the Credit Support Annex within 30 days of such First Subsequent Fitch Rating Event (in accordance with Paragraph 11(h)(vii) of the Credit Support Annex); or Back to Contentsor (ii) take any of the actions set out in subparagraphs 7.5(ii), 7.5(iii) or 7.5(iv) above within 30 days of the occurrence of such First Subsequent Fitch Rating Event. If any of the actions set out in subparagraph 7.6(b)(ii7.6(ii) above is taken at any time, Party A will not be required to transfer any additional collateral in respect of such First Subsequent Fitch Rating Event.. Back to Contents

First Subsequent Fitch Rating Event. If: (a) the long-term, unsecured and unsubordinated debt obligations of Party A (or its successor or permitted transferee) or any Credit Support Provider from time to time in respect of Party A cease to be rated at least as high as “BBB+” (or its equivalent) by Fitch; or (b) the rating of the short-term, unsecured and unsubordinated debt obligations of Party A (or its successor or permitted transferee) or any Credit Support Provider from time to time in respect of Party A cease to be rated at least as high as “F2” (or its equivalent) by Fitch (each a First Subsequent Fitch Rating Event), Back to Contents Party A will at its own cost and expense use its best endeavours to: (i) provide collateral under the Credit Support Annex within 30 days of such First Subsequent Fitch Rating Event (in accordance with Paragraph 11(h)(vii11.8(h) of the Credit Support Annex)) ; or Back to Contentsor (ii) take any of the actions set out in subparagraphs 7.5(ii), 7.5(iii) or 7.5(iv) above within 30 days of the occurrence of such First Subsequent Fitch Rating Event. If any of the actions set out in subparagraph 7.6(b)(ii7.6(ii) above is taken at any time, Party A will not be required to transfer any additional collateral in respect of such First Subsequent Fitch Rating Event.

First Subsequent Fitch Rating Event. If: (a) the long-term, unsecured and unsubordinated debt obligations of Party A (or its successor or permitted transferee) or any Credit Support Provider from time to time in respect of Party A cease to be rated at least as high as “BBB+” (or its equivalent) by Fitch; or (b) the rating of the short-term, unsecured and unsubordinated debt obligations of Party A (or its successor or permitted transferee) or any Credit Support Provider from time to time in respect of Party A cease to be rated at least as high as “F2” (or its equivalent) by Fitch (each a First Subsequent Fitch Rating Event), Back to Contents Party A will at its own cost and expense use its best endeavours to: (i) provide collateral under the Credit Support Annex within 30 days of such First Subsequent Fitch Rating Event (in accordance with Paragraph 11(h)(vii) of the Credit Support Annex); or Back to Contentsor (ii) take any of the actions set out in subparagraphs 7.5(ii), 7.5(iii) or 7.5(iv) above within 30 days of the occurrence of such First Subsequent Fitch Rating Event. If any of the actions set out in subparagraph 7.6(b)(ii) above is taken at any time, Party A will not be required to transfer any additional collateral in respect of such First Subsequent Fitch Rating Event.

First Subsequent Fitch Rating Event. If: (a) the long-term, unsecured and unsubordinated debt obligations of Party A (or its successor or permitted transferee) or any Credit Support Provider from time to time in respect of Party A cease to be rated at least as high as “BBB+” (or its equivalent) by Fitch; or (b) the rating of the short-term, unsecured and unsubordinated debt obligations of Party A (or its successor or permitted transferee) or any Credit Support Provider from time to time in respect of Party A cease to be rated at least as high as “F2” (or its equivalent) by Fitch (each a First Subsequent Fitch Rating Event), Party A will at its own cost and expense use its best endeavours to: (i) provide collateral under the Credit Support Annex within 30 days of such First Subsequent Fitch Rating Event (in accordance with Paragraph 11(h)(vii11.8(g) of the Credit Support Annex); or Back to Contents (ii) take any of the actions set out in subparagraphs 7.5(ii), 7.5(iii) or 7.5(iv) above within 30 days of the occurrence of such First Subsequent Fitch Rating Event. If any of the actions set out in subparagraph 7.6(b)(ii7.6(ii) above is taken at any time, Party A will not be required to transfer any additional collateral in respect of such First Subsequent Fitch Rating Event.