Common use of Covenant Termination Clause in Contracts

Covenant Termination. Notwithstanding any provision of this Indenture or of the Notes to the contrary, from and after the occurrence of an Investment Grade Rating Event, the Company and its Restricted Subsidiaries will cease to be subject to Sections 10.9, 10.10, 10.11, 10.12, 10.13, 10.15 and 10.16 and 8.1(a)(iv) of this Indenture and no Default or Event of Default shall result from any failure to comply with any of the provisions of such Sections.

Appears in 9 contracts

Samples: Sixteenth Supplemental Indenture (Plains Exploration & Production Co), Tenth Supplemental Indenture (Plains Exploration & Production Co), Indenture (Plains Exploration & Production Co)

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Covenant Termination. First Supplemental Indenture Notwithstanding any provision of this Indenture or of the Notes to the contrary, from and after the occurrence of an Investment Grade Rating Event, the Company and its Restricted Subsidiaries will cease to be subject to Sections 10.9, 10.10, 10.11, 10.12, 10.13, 10.15 and 10.16 and 8.1(a)(iv) of this Indenture and no Default or Event of Default shall result from any failure to comply with any of the provisions of such Sections.

Appears in 1 contract

Samples: Plains Exploration & Production Co

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Covenant Termination. Notwithstanding any provision of this Indenture or of the Notes to the contrary, from and after the occurrence of an Investment Grade Rating Event, the Company and its Restricted Subsidiaries will cease to be subject to Sections 10.9, 10.10, 10.11, 10.12, 10.13, 10.15 and 10.16 and 8.1(a)(iv) of this Indenture and no Default or Event of Default shall result from any failure to comply with any of the provisions of such Sections.. 58 Fourteenth Supplemental Indenture

Appears in 1 contract

Samples: Fourteenth Supplemental Indenture (Plains Exploration & Production Co)

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