Common use of Changes in Covenants When Notes Rated Investment Grade Clause in Contracts

Changes in Covenants When Notes Rated Investment Grade. If on any date following the date of this Indenture the Notes have an Investment Grade Rating from both of the Rating Agencies and no Default or Event of Default has occurred and is continuing (a "Fall Away Event"), then, beginning on that day and continuing at all times thereafter regardless of any subsequent changes in the rating of the Notes, Sections 3.09, 4.07, 4.08, 4.09, 4.10, 4.11, 4.12(a), 4.13, 4.15, 4.16(a), 4.17 and Section 5.01(a)(4) hereof shall no longer be applicable to the Notes.

Appears in 4 contracts

Samples: Indenture (Fort James Corp), Exchange and Registration Rights Agreement (Georgia Pacific Corp), Fort James Corp

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Changes in Covenants When Notes Rated Investment Grade. If on any date following the date of this Indenture (a) the Notes have an are rated Investment Grade Rating from by both of the Rating Agencies and (b) no Default or Event of Default has occurred and is continuing (a "Fall Away Event")continuing, then, beginning on that day and continuing at all times thereafter regardless of any subsequent changes in the rating of the Notes, Sections 3.09, 4.07, 4.08, 4.09, 4.10, 4.11, 4.12(a)4.12, 4.134.14, 4.154.17, 4.16(a)4.20, 4.17 and Section 4.21, 5.01(a)(4) hereof shall and 5.01(b)(4) will no longer be applicable to the Notes.

Appears in 1 contract

Samples: Indenture (Dycom Industries Inc)

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Changes in Covenants When Notes Rated Investment Grade. If on any date following the date of this Indenture (a) the Notes have an are rated Investment Grade Rating from by both of the Rating Agencies and (b) no Default or Event of Default has occurred and is continuing (a "Fall Away Event")continuing, then, beginning on that day and continuing at all times thereafter regardless of any subsequent changes in the rating of the Notes, Sections 3.09, 4.07, 4.08, 4.09, 4.10, 4.11, 4.12(a)4.12, 4.134.14, 4.154.17, 4.16(a), 4.17 4.20 and Section 5.01(a)(4) hereof shall 4.21 will no longer be applicable to the Notes.

Appears in 1 contract

Samples: Dycom Industries Inc

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