Covenant Suspension. During any period of time that the Notes have a Xxxxx’x rating of Baa3 or higher or an S&P rating of BBB- or higher (each, an “Investment Grade Rating”) and no Default has occurred and is then continuing, the Issuer and the Restricted Subsidiaries will not be subject to the following sections of this Indenture: • Section 4.10; • Section 4.11; • Section 4.12; • Section 4.13;
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Samples: Indenture (Basic Energy Services Inc), Indenture (Basic Energy Services Inc)
Covenant Suspension. During any period of time that the Notes have a Xxxxx’x rating of Baa3 or higher or an S&P rating of BBB- or higher (each, an “Investment Grade Rating”) and no Default has occurred and is then continuing, the Issuer and the Restricted Subsidiaries will not be subject to the following sections of this Indenture: • Section 4.10; • Section 4.11; • Section 4.12; • Section 4.13; • Section 4.15; • Section 4.16; • Section 4.18; • Section 4.20;
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Covenant Suspension. During any period of time that the Notes have a Xxxxx’x Mxxxx’x rating of Baa3 or higher or an S&P rating of BBB- or higher (each, an “Investment Grade Rating”) and no Default has occurred and is then continuing, the Issuer and the Restricted Subsidiaries will not be subject to the following sections of this IndentureSections: • Section 4.10; • Section 4.11; • Section 4.12; • Section 4.13; • Section 4.15; • Section 4.16; • Section 4.18; • Section 4.20;
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