Common use of Covenant Termination Clause in Contracts

Covenant Termination. If at any time (a) the rating assigned to the Notes by S&P and Xxxxx’x is an Investment Grade Rating, (b) no Event of Default has occurred and is continuing under this Indenture and (c) the Issuers have delivered to the Trustee an Officers’ Certificate certifying to the matters specified in clauses (a) and (b) of this sentence as of the date of such certificate, the Company and its Restricted Subsidiaries will no longer be subject to the provisions of Section 3.09, Section 4.07, Section 4.08, Section 4.09, Section 4.10, Section 4.11, Section 4.17, Section 4.18, Section 4.20, and Section 5.01(a)(iv). However, the Company and its Restricted Subsidiaries will remain subject to all of the other provisions of this Indenture.

Covenant Termination. If at any time (a) the rating assigned to the Notes by both S&P and Xxxxx’x is an Investment Grade Rating, Rating and (b) no Event of Default has occurred and is continuing under this Indenture and (c) excluding, for the Issuers have delivered avoidance of doubt, any Default under one or more of the provisions listed below, provided that such Default did not exist immediately prior to the transaction or series of related transactions resulting in the applicable change in ratings), then upon delivery by the Company to the Trustee of an Officers’ Certificate certifying to the matters specified in clauses (a) and (b) of this sentence as of the date of such certificateforegoing effect, the Company and its Restricted Subsidiaries will no longer be subject to the following provisions of Section 3.09, Section this Indenture: Sections 4.07, Section 4.08, Section 4.09, 4.10 or 4.11 or clause (d) of Section 4.10, Section 4.11, Section 4.17, Section 4.18, Section 4.20, and Section 5.01(a)(iv)5.01. However, the The Company and its Restricted Subsidiaries will remain subject to all of the other provisions of this Indenture, including, without limitation, Sections 4.03, 4.12, 4.13, 4.17 and 5.01 other than clause (d) thereof).

Covenant Termination. If Notwithstanding any provision of this Indenture or of the Notes to the contrary, if at any time (a) the rating assigned to the Notes by S&P and Xxxxx’x both of the Ratings Agencies is an Investment Grade Rating, (b) no Event of Default has occurred and is continuing under this Indenture and (c) the Issuers have delivered to the Trustee an Officers’ Certificate certifying to the matters specified in clauses (a) and (b) foregoing provisions of this sentence as of the date of such certificatesentence, the Company and its Restricted Subsidiaries will no longer be subject to Sections 4.07, 4.08, 4.09, 4.11, 4.13, 4.18 and clause (4) of Section 5.01 of this Indenture and no Default or Event of Default shall result from any failure to comply with any of the provisions of Section 3.09, Section 4.07, Section 4.08, Section 4.09, Section 4.10, Section 4.11, Section 4.17, Section 4.18, Section 4.20, and Section 5.01(a)(iv). However, the Company and its Restricted Subsidiaries will remain subject to all of the other provisions of this Indenturesuch Sections.

Covenant Termination. If at any time (a) the rating assigned to the Notes by S&P and Xxxxx’x is an Investment Grade Rating, (b) no Event of Default has occurred and is continuing under this Indenture and (c) the Issuers have delivered to the Trustee an Officers’ Certificate certifying to the matters specified in clauses (a) and (b) of this sentence as of the date of such certificate, the Company and its Restricted Subsidiaries will no longer be subject to the provisions of Section Sections 3.09, Section 4.07, Section 4.08, Section 4.09, Section 4.10, Section 4.11, Section 4.17, 4.18 and 4.20 and clause (d) of Section 4.18, Section 4.20, and Section 5.01(a)(iv)5.01 of this Indenture. However, the Company and its Restricted Subsidiaries will remain subject to all of the other provisions of this Indenture.

Covenant Termination. If at any time (a) the rating assigned to the Notes by both S&P and Xxxxx’x is an Investment Grade Rating, (b) no Event of Default has occurred and is continuing under this Indenture and (c) the Issuers have delivered to the Trustee an Officers’ Certificate certifying to the matters specified in clauses (a) and (b) foregoing provisions of this sentence as of the date of such certificatesentence, the Company Parent and its Restricted Subsidiaries will no longer be subject to the provisions of Section 3.09, Section 4.07, Section 4.08, Section Sections 4.09, 5.07, 5.08, 5.09, 5.10, 5.11, 5.17, clauses (1)(a) and (3) of Section 4.10, Section 4.11, Section 4.17, Section 4.18, Section 4.205.18, and clause (d) of Section 5.01(a)(iv)6.01 of this Indenture. However, the Company and its Restricted Subsidiaries will remain subject to all of the other provisions of this Indenture.

Covenant Termination. If at any time (a) the rating assigned to the Notes by both S&P and Xxxxx’x Xxxxx'x is an Investment Grade Rating, (b) no Event of Default has occurred and is continuing under this Indenture and (c) the Issuers have delivered to the Trustee an Officers’ ' Certificate certifying to the matters specified in clauses (a) and (b) foregoing provisions of this sentence as of the date of such certificatesentence, the Company and its Restricted Subsidiaries will no longer be subject to the provisions of Section Sections 3.09, Section 4.07, Section 4.08, Section 4.09, Section 4.10, Section 4.11, Section 4.17, clauses (1)(a) and (3) of Section 4.18, and clause (d) of Section 4.20, and Section 5.01(a)(iv)5.01 of this Indenture. However, the Company and its Restricted Subsidiaries will remain subject to all of the other provisions of this Indenture.

Covenant Termination. If at any time (a) the rating assigned to the Notes by both S&P and Xxxxx’x is an Investment Grade Rating, (b) no Event of Default has occurred and is continuing under this Indenture and (c) the Issuers have delivered to the Trustee an Officers’ Certificate certifying to the matters specified in clauses (a) and (b) foregoing provisions of this sentence as of the date of such certificatesentence, the Company Parent and its Restricted Subsidiaries will no longer be subject to the provisions of Section Sections 3.09, Section 4.07, Section 4.08, Section 4.09, Section 4.10, Section 4.11, Section 4.17, clauses (1)(a) and (3) of Section 4.18, and clause (d) of Section 4.20, and Section 5.01(a)(iv)5.01 of this Indenture. However, the Company and its Restricted Subsidiaries will remain subject to all of the other provisions of this Indenture.

Covenant Termination. If at any time (a) the rating assigned to the Notes by both S&P and Xxxxx’x is an Investment Grade Rating, (b) no Default or Event of Default has occurred and is continuing under this Indenture and (c) the Issuers have delivered to the Trustee an Officers’ Certificate certifying to the matters specified in clauses (a) and (b) foregoing provisions of this sentence as of the date of such certificatesentence, the Company and its Restricted Subsidiaries will no longer be subject to the provisions of Section Sections 3.09, Section 4.07, Section 4.08, Section 4.09, Section 4.10, Section 4.11, Section 4.17, clauses (1)(a) and (3) of Section 4.18, and clause (d) of Section 4.20, and Section 5.01(a)(iv)5.01 of this Indenture. However, the Company and its Restricted Subsidiaries will remain subject to all of the other provisions of this Indenture.

Covenant Termination. If Notwithstanding any provision of this Indenture or of the Notes to the contrary, if at any time (a) the rating assigned to the Notes by S&P and Xxxxx’x each of the Ratings Agencies is an Investment Grade Rating, (b) no Event of Default has occurred and is continuing under this Indenture and (c) the Issuers have delivered to the Trustee an Officers’ Certificate certifying to the matters specified in clauses (a) and (b) foregoing provisions of this sentence as of the date of such certificatesentence, the Company and its Restricted Subsidiaries will no longer be subject to Sections 4.07, 4.08, 4.09, 4.10, 4.11 and 4.13 of this Indenture and no Default or Event of Default shall result from any failure to comply with any of the provisions of Section 3.09, Section 4.07, Section 4.08, Section 4.09, Section 4.10, Section 4.11, Section 4.17, Section 4.18, Section 4.20, and Section 5.01(a)(iv). However, the Company and its Restricted Subsidiaries will remain subject to all of the other provisions of this Indenturesuch Sections.

Covenant Termination. If at any time (a) the rating assigned to the Notes by S&P and Xxxxx’x or Mxxxx’x is an Investment Grade Rating, (b) no Event of Default has occurred and is continuing under this Indenture and (c) the Issuers have delivered to the Trustee an Officers’ Certificate certifying to the matters specified in clauses (a) and (b) of this sentence as of the date of such certificate, the Company and its Restricted Subsidiaries following provisions will no longer be subject to terminated (collectively, the provisions of “Terminated Covenants”): Section 3.09, Section 4.07, Section 4.08, Section 4.09, Section 4.10, Section 4.11, Section 4.17, Section 4.18, Section 4.20, and Section 5.01(a)(iv). Thereafter, the Company and its Restricted Subsidiaries shall not be subject to any of the Terminated Covenants. However, the Company and its Restricted Subsidiaries will remain subject to all of the other provisions of this Indenture.

Covenant Termination. If at any time (a) the rating assigned to the Notes by both S&P and Xxxxx’x is an Investment Grade Rating, (b) no Event of Default has occurred and is continuing under this Indenture and (c) the Issuers have delivered to the Trustee an Officers’ Certificate certifying to the matters specified in clauses (a) and (b) foregoing provisions of this sentence as of the date of such certificatesentence, the Company Parent and its Restricted Subsidiaries will no longer be subject to the provisions of Section Sections 3.09, Section 4.06, 4.07, Section 4.08, Section 4.09, Section 4.10, Section 4.114.16, clauses (1)(a) and (3) of Section 4.17, and clause (d) of Section 4.18, Section 4.20, and Section 5.01(a)(iv)5.01 of this Indenture. However, the Company and its Restricted Subsidiaries will remain subject to all of the other provisions of this Indenture.

Covenant Termination. If at any time (a) the rating assigned to the Notes by both S&P and Xxxxx’x is an Investment Grade Rating, (b) no Event of Default has occurred and is continuing under this Indenture and (c) the Issuers have Company has delivered to the Trustee an Officers’ Certificate certifying to the matters specified in clauses (a) and (b) foregoing provisions of this sentence as of the date of such certificatesentence, the Company and its Restricted Subsidiaries will no longer be subject to the provisions of Section Sections 3.09, Section 4.07, Section 4.08, Section 4.09, Section 4.10, Section 4.11, Section 4.17, Section 4.18, Section 4.204.19, and clause (d) of Section 5.01(a)(iv)5.01 of this Indenture. However, the Company and its Restricted Subsidiaries will remain subject to all of the other provisions of this Indenture.

Covenant Termination. If at any time (a) the rating assigned to the Notes by S&P and Xxxxx’x is have an Investment Grade Rating, (b) no Event of Default (other than a Reporting Default) has occurred and is continuing under this Indenture and (c) the Issuers have delivered to the Trustee an Officers’ Certificate certifying to the matters specified in clauses (a) and (b) foregoing provisions of this sentence as of the date of such certificatesentence, the Company and its Restricted Subsidiaries will no longer be subject to the provisions of Section Sections 3.09, Section 4.07, Section 4.08, Section 4.09, Section 4.10, Section 4.11, Section 4.13, 4.17, Section 4.18, Section 4.204.19, and clause (d) of Section 5.01(a)(iv)5.01 of this Indenture. However, the Company and its Restricted Subsidiaries will remain subject to all of the other provisions of this Indenture.

Covenant Termination. If at any time (a) the rating assigned to the Notes by both S&P and Xxxxx’x is an Investment Grade Rating, (b) no Event of Default has occurred and is continuing under this Indenture and (c) the Issuers have delivered to the Trustee an Officers’ Certificate certifying to the matters specified in clauses (a) and (b) foregoing provisions of this sentence as of the date of such certificatesentence, the Company and its Restricted Subsidiaries will no longer be subject to the provisions of Section Sections 3.09, Section 4.07, Section 4.08, Section 4.09, Section 4.10, Section 4.11, Section 4.17, clauses (1)(a) and (3) of Section 4.18, and clause (d) of Section 4.20, and Section 5.01(a)(iv)5.01 of this Indenture. However, the Company and its Restricted Subsidiaries will remain subject to all of the other provisions of this Indenture.

Covenant Termination. If at any time (a) the rating assigned to the Notes by both S&P and Xxxxx’x is an Investment Grade Rating, (b) no Event of Default has occurred and is continuing under this Indenture and (c) the Issuers have delivered to the Trustee an Officers’ Certificate certifying to the matters specified in clauses (a) and (b) foregoing provisions of this sentence as of the date of such certificatesentence, the Company and its Restricted Subsidiaries will no longer be subject to the provisions of Section Sections 3.09, Section 4.07, Section 4.08, Section 4.09, Section 4.10, Section 4.11, Section 4.17, Section 4.18, Section 4.204.16, and clause (d) of Section 5.01(a)(iv). However5.01 of this Indenture; provided, however, the Company and its Restricted Subsidiaries will remain subject to all of the other provisions of this Indenture. After the foregoing covenants have been terminated, the Company may not designate any of its Subsidiaries as Unrestricted Subsidiaries.