Covenant Suspension Event. If on any date following the Issue Date, (i) the Notes have Investment Grade Ratings from both Rating Agencies, and (ii) no Default has occurred and is continuing, then, beginning on that day (the occurrence of the events described in the foregoing clauses (i) and (ii) being collectively referred to as a “Covenant Suspension Event”), the following provisions of this Indenture will no longer be applicable (collectively, the “Suspended Covenants”):
Appears in 7 contracts
Samples: Supplemental Indenture (Talos Energy Inc.), Supplemental Indenture (Talos Energy Inc.), Supplemental Indenture (Talos Energy Inc.)
Covenant Suspension Event. (a) If on any date following the Issue Closing Date, (i) the Notes Loans have Investment Grade Ratings from both Rating Agencies, and (ii) no Default has occurred and is continuing, continuing then, beginning on that day (the occurrence of the events described in the foregoing clauses (i) and (ii) being collectively referred to as a “Covenant Suspension Event”), the following provisions of this Indenture Agreement will no longer be applicable suspended (collectively, the “Suspended Covenants”):
Appears in 2 contracts
Samples: Intercreditor Agreement (Vantage Drilling CO), Term Loan Agreement (Vantage Drilling CO)
Covenant Suspension Event. (a) If on any date following the Issue Effective Date, (i) the Notes Loans have Investment Grade Ratings from both Rating Agencies, and (ii) no Default has occurred and is continuing, continuing then, beginning on that day (the occurrence of the events described in the foregoing clauses (i) and (ii) being collectively referred to as a “Covenant Suspension Event”), the following provisions of this Indenture Agreement will no longer be applicable (collectively, the “Suspended Covenants”):
Appears in 2 contracts
Samples: Term Loan Agreement (EP Energy LLC), Escrow and Security Agreement (MBOW Four Star, L.L.C.)
Covenant Suspension Event. (a) If on any date following the Issue Repricing Effective Date, (i) the Notes Loans have Investment Grade Ratings from both Rating Agencies, and (ii) no Default has occurred and is continuing, continuing then, beginning on that day (the occurrence of the events described in the foregoing clauses (i) and (ii) being collectively referred to as a “Covenant Suspension Event”), the following provisions of this Indenture Agreement will no longer be applicable suspended (collectively, the “Suspended Covenants”):
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