Moody's Implications. Any failure by Party A to comply with or perform any obligation to be complied with or performed by Party A under the Credit Support Annex in accordance with the Moody’s provisions shall not be an Event of Default unless (A) no Relevant Entity has the Required Ratings and at least 30 or more Local Business Days have elapsed since the last time a Relevant Entity had the Required Rating and (B) such failure is not remedied on or before the third Local Business Day after notice of such failure is given to Party A.
Appears in 3 contracts
Sources: Isda Master Agreement, Isda Master Agreement, Isda Master Agreement