Common use of Covenant Suspension Clause in Contracts

Covenant Suspension. If on any date following the Issue Date (i) the Notes have an Investment Grade Rating from both Rating Agencies and (ii) no Default or Event of Default has occurred and is continuing under this Indenture (the occurrence of the events described in the foregoing clauses (i) and (ii) being collectively referred to as a “Covenant Suspension Event”), then beginning on that day and subject to the provisions of the following paragraph, the following covenants will be suspended:

Covenant Suspension. If on any date following the Issue Date Date, (ia) the Notes have an Investment Grade Rating from both Rating Agencies and and (iib) no Default or Event of Default has occurred and is continuing under this Indenture hereunder, then, beginning on that day (the occurrence of the events described in the foregoing clauses (ia) and (iib) being collectively referred to as a “Covenant Suspension Event”), then beginning on that day and subject to the covenants specifically listed under the following provisions of the following paragraphthis Indenture (collectively, the following covenants will be suspended:“Suspended Covenants”):

Covenant Suspension. If on During any date period of time following the Issue Date that (i) the Notes have an Investment Grade Rating Ratings from both Rating Agencies Agencies, and (ii) no Default or Event of Default has occurred and is continuing under this Indenture (the occurrence of the events described in the foregoing clauses (i) and (ii) being collectively referred to as a “Covenant Suspension Event”), then beginning on that day the Company and its Restricted Subsidiaries will not be subject to the provisions following sections of the following paragraph, the following covenants will be suspendedthis Indenture:

Covenant Suspension. (a) If on any date following the Issue Date (i) the Notes have an Investment Grade Rating Ratings from both Rating Agencies and (ii) no Default or Event of Default has occurred and is continuing under this the Indenture (the occurrence of the events described in the foregoing clauses (i) and (ii) being collectively referred to as a “Covenant Suspension Event”), then beginning on that day the Company and its Subsidiaries shall not be subject to Section 4.01 hereof (the provisions of the following paragraph, the following covenants will be suspended:“Suspended Covenant”).

Covenant Suspension. If on any date following the Issue Date (i) the Notes have an Investment Grade Ratings from at least two Rating from both Rating Agencies Agencies, and (ii) no Default or Event of Default has occurred and is continuing under this Indenture (the occurrence of the events described in the foregoing clauses (i) and (ii) being collectively referred to as a “Covenant Suspension Event”), then beginning on that day the Company and its Restricted Subsidiaries shall not be subject to the provisions of the following paragraphcovenants (collectively, the following covenants will be suspended:“Suspended Covenants”):