Common use of Covenant Termination Clause in Contracts

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 and (b) no Default has occurred and is continuing under this Indenture, then upon delivery by the Company to the Trustee of an Officers’ Certificate to the foregoing effect, the Company and its Restricted Subsidiaries will no longer be subject to the following provisions of this Indenture: Sections 4.07, 4.08, 4.09, 4.10 or 4.11 or clause (d) of Section 5.01. The Company and its Restricted Subsidiaries will remain subject to all other provisions of the Indenture.

Covenant Termination. If at any time (a) the rating assigned to the Notes by both either S&P and or Xxxxx’x is an Investment Grade Rating and (b) no Default has occurred and is continuing under this Indenture, then upon delivery by the Company to the Trustee of an Officers’ Certificate to the foregoing effect, the Company and its Restricted Subsidiaries will no longer be subject to the following provisions of this Indenture: Sections 3.09, 4.07, 4.08, 4.09, 4.10 or 4.11 or 4.10, 4.11, 4.17, and clause (d) of Section 5.015.01 of this Indenture. The However, the Company and its Restricted Subsidiaries will remain subject to all of the other provisions of the this Indenture.

Covenant Termination. If at any time (a) the rating assigned to the Notes by both either S&P and or Xxxxx’x is an Investment Grade Rating and (b) no Default has occurred and is continuing under this Indenture, then then, upon delivery by the Company to the Trustee of an Officers’ Certificate to the foregoing effect, the Company and its Restricted Subsidiaries will no longer be subject to the following provisions of this Indenture: Sections 3.09, 4.07, 4.08, 4.09, 4.10 or 4.11 or 4.10, 4.11, 4.16, and clause (d) of Section 5.015.01 of this Indenture. The However, the Company and its Restricted Subsidiaries will remain subject to all of the other provisions of the 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 and (b) no Default has occurred and is continuing under this Indenture, then upon delivery by the Company to the Trustee of an Officers’ Certificate to the foregoing effect, the Company and its Restricted Subsidiaries will no longer be subject to the following provisions of this Indenture: Sections 4.07, 4.08, 4.09, 4.10 4.10, 4.11 or 4.11 4.17 or clause (d) of Section 5.01. The Company and its Restricted Subsidiaries will remain subject to all other provisions of the Indenture.

Covenant Termination. If at any time (a) the rating assigned to the Notes by both either S&P and or Xxxxx’x is an Investment Grade Rating and (b) no Default has occurred and is continuing under this Indenture, then then, upon delivery by the Company to the Trustee of an Officers’ Certificate to the foregoing effect, the Company and its Restricted Subsidiaries will no longer be subject to the following provisions of this Indenture: Sections 4.07, 4.08, 4.09, 4.10 or 4.11 or 5.07, 5.08, 5.09, 5.10, 5.11, 5.16 and clause (d) of Section 5.016.01 hereof. The However, the Company and its Restricted Subsidiaries will remain subject to all of the other provisions of the this Indenture.

Covenant Termination. If at any time (a) the rating assigned to the Notes by both either S&P and or Xxxxx’x is an Investment Grade Rating and (b) no Default has occurred and is continuing under this Indenture, then upon delivery by the Company to the Trustee of an Officers’ Certificate to the foregoing effect, the Company and its Restricted Subsidiaries will no longer be subject to the following provisions of this Indenture: Sections 3.09, 4.07, 4.08, 4.09, 4.10 or 4.11 or 4.10, 4.11, 4.17, clauses (1)(a) and (3) of Section 4.18, and clause (d) of Section 5.015.01 of this Indenture. The However, the Company and its Restricted Subsidiaries will remain subject to all of the other provisions of the this Indenture.

Covenant Termination. If at any time (a) the rating assigned to the Notes by both either S&P and or Xxxxx’x is an Investment Grade Rating and (b) no Default has occurred and is continuing under this Indenture, then then, upon delivery by the Company to the Trustee of an Officers’ Certificate to the foregoing effect, the Company and its Restricted Subsidiaries will no longer be subject to the following provisions of this Indenture: Sections 4.074.10, 4.085.07, 4.095.08, 4.10 or 4.11 or 5.09, 5.10, 5.11, 5.16, and clause (d) of Section 5.016.01 of this Indenture. The However, the Company and its Restricted Subsidiaries will remain subject to all of the other provisions of the this Indenture.

Covenant Termination. If at any time (a) the rating assigned to the Notes by both S&P and Xxxxx’x Mxxxx’x is an Investment Grade Rating and (b) no Default has occurred and is continuing under this Indenture, then upon delivery by the Company to the Trustee of an Officers’ Certificate to the foregoing effect, the Company and its Restricted Subsidiaries will no longer be subject to the following provisions of this Indenture: Sections 3.09, 4.07, 4.08, 4.09, 4.10 or 4.11 or 4.10, 4.11, 4.17, clauses (1)(a) and (3) of Section 4.18, and clause (d) of Section 5.015.01 of this Indenture. The However, the Company and its Restricted Subsidiaries will remain subject to all of the other provisions of the this Indenture.

Covenant Termination. If at any time (a) the rating assigned to the Notes by both S&P and at least two of S&P, Xxxxx’x or Fitch is an Investment Grade Rating and (b) no Default has occurred and is continuing under this Indenture, then upon delivery by the Company to the Trustee of an Officers’ Certificate to the foregoing effect, the Company and its Restricted Subsidiaries will no longer be subject to the following provisions of this Indenture: Sections 3.10, 4.07, 4.08, 4.09, 4.10 or 4.11 or 4.10, 4.11, 4.16, 4.17(1)(a), 4.17(2), 4.17(3), 4.19 and clause (d3) of Section 5.015.01 of this Indenture. The However, the Company and its Restricted Subsidiaries will remain subject to all of the other provisions of the this Indenture.