Common use of Subsequent Fitch Rating Event Clause in Contracts

Subsequent Fitch Rating Event. If: (a) the long-term IDR of Party A (or its successor or permitted transferee) and each Credit Support Provider from time to time in respect of Party A ceases to be rated at least as high as "BBB -" (or its equivalent) by Fitch; or (b) the short-term IDR of Party A (or its successor or permitted transferee) and each Credit Support Provider from time to time in respect of Party A ceases to be rated at least as high as "F3" (or its equivalent) by Fitch (each of (a) and (b) a Subsequent Fitch Rating Event), Party A will:

Appears in 3 contracts

Sources: Isda Master Agreement, Isda Master Agreement, Isda Master Agreement