Common use of Ratings Event Clause in Contracts

Ratings Event. (i) If the short-term, unsecured and unsubordinated debt obligations of Party A (or its successor) or any Credit Support Provider from time to time in respect of Party A cease to be rated at least as high as "A-1+" by Standard & Poor's Rating Services, a division of The McGraw-Hill Companies, Inc. ("S&P") (an "INITIAL S&P RATING EVENT"), then Party A will at its own cost either:

Ratings Event. (i) If the short-term, unsecured and unsubordinated debt obligations of Party A (or its successor) or any Credit Support Provider from time to time in respect of Party A cease to be rated at least as high as "A-1+" by Standard & Poor's Rating Services, a division of The McGraw-Hill Companies, Inc. ("S&P") (an "INITIAL S&P RATING EVENT"), then Party A will will, within 30 days of the occurrence of such Initial S&P Rating Event, at its own cost either:

Ratings Event. (i) If the short-term, unsecured and unsubordinated debt obligations of Party A (or its successor) or any Credit Support Provider from time to time in respect of Party A cease to be rated at least as high as "A-1+" by Standard & Poor's Rating Services, a division of The McGraw-Hill Companies, Inc. ("S&P") (an "INITIAL S&P RATING EVENTEVE▇▇"), then ▇▇▇▇ Party A will at its own cost either:

Ratings Event. (i) If the short-term, unsecured and unsubordinated debt obligations of Party A (or its successor) or any Credit Support Provider from time to time in respect of Party A cease to be rated at least as high as "A-1+" by Standard & Poor's Rating Services, a division of The McGraw-Hill Companies, Inc. ("S&P") (an "INITIAL S&P RATING ▇&▇ ▇▇▇▇▇▇ EVENT"), then Party A will will, within 30 days of the occurrence of such Initial S&P Rating Event, at its own cost either:

Ratings Event. (i) If the short-term, unsecured and unsubordinated debt obligations of Party A (or its successor) or any Credit Support Provider from time to time in respect of Party A cease to be rated at least as high as "A-1+" by Standard & Poor's Rating Services, a division of The McGrawM▇▇▇▇▇-Hill ▇▇▇▇ Companies, Inc. ("S&P") (an "INITIAL S&P RATING EVENT"), then Party A will at its own cost either:

Ratings Event. (i) If the short-term, unsecured and unsubordinated debt obligations of Party A (or its successor) or any Credit Support Provider from time to time in respect of Party A cease to be rated at least as high as "A-1+" by Standard & Poor's Rating Services, a division of The McGraw▇▇▇▇▇▇-Hill ▇▇▇▇ Companies, Inc. ("S&P") (an "INITIAL S&P RATING EVENT"), then Party A will at its own cost either:

Ratings Event. (i) If the short-term, unsecured and unsubordinated debt obligations of Party A (or its successor) or any Credit Support Provider from time to time in respect of Party A cease to be rated at least as high as "A-1+" by Standard & Poor's Rating Services, a division of The McGraw-Hill Companies, Inc. ("S&P") (an "INITIAL S&P RATING EVENT"), then Party A will will, within 30 days of the occurrence of such Initial S&P Rating Event, at its own cost either: