Common use of Subsequent Fitch Rating Event Clause in Contracts

Subsequent Fitch Rating Event. If a Subsequent Fitch Rating Event occurs then Party A will: (A) at its own expense, use reasonable endeavours to take any of the actions set out in Part 5(e)(iii)(B) above within 60 calendar days (if the Fitch Highly Rated Thresholds apply) or 30 calendar days (if the Fitch Highly Rated Thresholds do not apply) of the occurrence of such Subsequent Fitch Rating Event; and (B) pending taking any of the actions set out in Part 5(e)(iii)(B) above, Party A will at its own cost and expense, within 60 calendar days (if the Fitch Highly Rated Thresholds apply) or 14 calendar days (if the Fitch Highly Rated Thresholds do not apply) of the occurrence of such Subsequent Fitch Rating Event, post collateral in the form of cash or securities or both in support of its obligations under this Agreement in accordance with the terms of the Credit Support Annex.