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

Changes in Covenants When Notes Rated Investment Grade. (a) If at any time the Notes are assigned an Investment Grade Rating by both Rating Agencies and no Default or Event of Default has occurred and is continuing under this Indenture, the Company and its Restricted Subsidiaries will no longer be subject to the provisions of this Indenture described in Sections 4.07, 4.08, 4.09, 4.10, 4.11, 4.13, 4.18 and 5.01(a)(4)(i) hereof (collectively the “Suspended Covenants”).

Appears in 1 contract

Samples: Indenture (Niska Gas Storage Partners LLC)

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Changes in Covenants When Notes Rated Investment Grade. (a) If at on any time date following the Issue Date (1) the Notes are assigned an have Investment Grade Rating by Ratings from both Rating Agencies and (2) no Default or Event of Default has occurred and is continuing under this IndentureIndenture (the occurrence of the events described in the foregoing clauses (1) and (2) being collectively referred to as a “Covenant Suspension Event”), the Company Issuer and its Restricted Subsidiaries will no longer not be subject to the provisions of this Indenture described in Sections 4.07, 4.08, 4.09, 4.10, 4.11, 4.134.17 and 5.01(c)(1) (collectively, 4.18 and 5.01(a)(4)(i) hereof (collectively the “Suspended Covenants”).

Appears in 1 contract

Samples: Supplemental Indenture (Koppers Holdings Inc.)

Changes in Covenants When Notes Rated Investment Grade. (a) If at any time the Notes are assigned an Investment Grade Rating by both Rating Agencies and no Default or Event of Default has occurred and is continuing under this Indenture, the Company Parent and its Restricted Subsidiaries will no longer be subject to the provisions of this Indenture described in Sections 4.07, 4.08, 4.09, 4.10, 4.11, 4.134.18, 4.18 5.01(a)(4)(i) and 5.01(a)(4)(i5.01(c)(4)(i) hereof (collectively the “Suspended Covenants”).

Appears in 1 contract

Samples: Indenture (Niska Gas Storage Partners LLC)

Changes in Covenants When Notes Rated Investment Grade. (a) If at on any time date following the Issue Date (i) the Notes are assigned have an Investment Grade Rating by from both Rating of the Ratings Agencies and (ii) no Default or Event of Default has occurred and is continuing under this IndentureIndenture (the date upon which the events described in the foregoing clauses (i) and (ii) have occurred being referred to as the “Suspension Date”), the Company and its Restricted Subsidiaries will no longer not be subject to the provisions of this Indenture described in Sections 4.07following covenants (collectively, 4.08, 4.09, 4.10, 4.11, 4.13, 4.18 and 5.01(a)(4)(i) hereof (collectively the “Suspended Covenants”).):

Appears in 1 contract

Samples: Indenture (Hanger Orthopedic Group Inc)

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Changes in Covenants When Notes Rated Investment Grade. (a) If at on any time date following the Issue Date (i) the Notes are assigned an have Investment Grade Rating by Ratings from both Rating Agencies Agencies, and (ii) no Default or Event of Default has occurred and is continuing under this IndentureIndenture (the occurrence of the events described in the foregoing clauses (i) and (ii) being collectively referred to as a “Covenant Suspension Event”), the Company and its Restricted Subsidiaries will no longer not be subject to the provisions of this Indenture described in Sections 4.07following covenants (collectively, 4.08, 4.09, 4.10, 4.11, 4.13, 4.18 and 5.01(a)(4)(i) hereof (collectively the “Suspended Covenants”).):

Appears in 1 contract

Samples: Intercreditor Agreement (Georgia Gulf Corp /De/)

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