Common use of Covenant Termination Clause in Contracts

Covenant Termination. Notwithstanding anything to the contrary set forth in this Indenture, if, on any date following the Issue Date, (i) the Notes reach Investment Grade Status and (ii) no Default has occurred and is continuing under this Indenture, then, beginning on that date and continuing at all times thereafter regardless of any subsequent changes in the ratings of the Notes, the Company will be under no obligation to comply with the terms and provisions of Section 4.09, Section 4.10, Section 4.12, Section 4.13, Section 4.14, Section 4.17(d)(i), Section 4.21 and Sections 5.01(1)(iv) and 5.01(2)(iv), and such covenants, terms and provisions shall cease to apply to the Notes.

Covenant Termination. Notwithstanding anything to the contrary set forth in this Indenture, if, if on any date day following the Issue Date, (ia) the Notes reach Investment Grade Status and (iib) no Default has occurred and is continuing under this Indenture, then, beginning on that date and continuing at all times thereafter regardless of any subsequent changes in the ratings rating of the Notes, the Company will be under no obligation to comply with the terms and provisions of Section conditions described in Sections 4.09, Section 4.10, Section 4.12, Section 4.13, Section 4.14, Section 4.17(d)(i), Section 4.21 and Sections 5.01(1)(iv4.21, 5.01(a)(4) and 5.01(2)(iv5.01(b)(4), and such covenants, terms and provisions conditions shall cease to apply to the Notes.

Covenant Termination. Notwithstanding anything to the contrary set forth in this Indenture, if, on any date day following the Issue Date, (ia) the Notes reach Investment Grade Status and (iib) no Default has occurred and is continuing under this Indenture, then, beginning on that date and continuing at all times thereafter regardless of any subsequent changes in the ratings rating of the Notes, the Company will be under no obligation to comply with the terms and provisions of Section conditions described in Sections 4.09, Section 4.10, Section 4.12, Section 4.13, Section 4.14, Section 4.17(d)(i), Section 4.21 4.17 and Sections 5.01(1)(iv) and 5.01(2)(iv5.01(a)(4), and such covenants, terms and provisions shall cease to apply to the Notes, and the Company shall notify the Trustee of such covenant termination.

Covenant Termination. Notwithstanding anything to the contrary set forth in this Indenture, if, on any date following the Issue Date, (i) the Notes reach Investment Grade Status and (ii) no Default has occurred and is continuing under this Indenture, then, beginning on that date and continuing at all times thereafter regardless of any subsequent changes in the ratings of the Notes, the Company will be under no obligation to comply with the terms and provisions of Section 4.09, Section 4.10, Section 4.12, Section 4.13, Section 4.14, Section 4.17(d)(i), 4.17 and Section 4.21 and Sections 5.01(1)(iv) and 5.01(2)(iv5.01(a)(4), and such covenants, terms and provisions shall cease to apply to the Notes, and the Company shall notify the Trustee of such covenant termination.

Covenant Termination. ​ Notwithstanding anything to the contrary set forth in this Indenture, if, on any date following the Issue Date, (i) the Notes reach Investment Grade Status and (ii) no Default has occurred and is continuing under this Indenture, then, beginning on that date and continuing at all times thereafter regardless of any subsequent changes in the ratings of the Notes, the Company will be under no obligation to comply with the terms and provisions of Section 4.09, Section 4.10, Section 4.12, Section 4.13, Section 4.14, Section 4.17(d)(i), Section 4.21 and Sections 5.01(1)(iv) and 5.01(2)(iv), and such covenants, terms and provisions shall cease to apply to the Notes.. ​

Covenant Termination. Notwithstanding anything to the contrary set forth in this Indenture, if, on any date following the Issue Date, (i) the Notes reach Investment Grade Status and (ii) no Default has occurred and is continuing under this Indenture, then, beginning on that date and continuing at all times thereafter regardless of any subsequent changes in the ratings of the Notes, the Company will be under no obligation to comply with the terms and provisions of Section 4.09, Section 4.10, Section 4.12, Section 4.13, Section 4.14, Section 4.17(d)(i), Section 4.21 and Sections 5.01(1)(iv) and 5.01(2)(ivSection 5.01(a)(4), and such covenants, terms and provisions shall cease to apply to the Notes.