Common use of Covenant Termination Clause in Contracts

Covenant Termination. (a) All of the covenants set forth in Article 4 hereof shall be applicable to the Company and its Restricted Subsidiaries unless the Company reaches Investment Grade Status. After the Company has reached Investment Grade Status, and notwithstanding that the Company may later cease to have an Investment Grade Rating from either or both of the Rating Agencies, the Company and its Restricted Subsidiaries shall be released from their obligations to comply with Sections 4.09, 4.10, 4.12, 4.13, 4.14, 4.15 and 4.16 but shall remain obligated to comply with the following:

Appears in 3 contracts

Samples: Armstrong World Industries Inc, Armstrong World Industries Inc, Armstrong World Industries Inc

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Covenant Termination. (a) All of the covenants set forth in Article 4 hereof shall be applicable to the Company and its Restricted Subsidiaries unless the Company reaches Investment Grade Status. After the Company has reached Investment Grade Status, and notwithstanding that the Company may later cease to have an Investment Grade Rating from either or both of the Rating Agencies, the Company and its Restricted Subsidiaries shall be released from their obligations to comply with Sections 4.09, 4.10, 4.12, 4.13, 4.14, 4.15 and 4.16 but shall remain obligated to comply with the following:4.14 and

Appears in 3 contracts

Samples: Execution Version, Execution Version, Execution Version

Covenant Termination. (a) All The provisions of the covenants set forth in Article 4 hereof shall be applicable to the Company and its the Restricted Subsidiaries unless the Company reaches Investment Grade Status. After the Company has reached Investment Grade Status, and notwithstanding that the Company may later cease to have an Investment Grade Rating from either or both of the Rating Agencies, the Company and its the Restricted Subsidiaries shall will be released automatically and without any action on the part of the Company from their obligations to comply with Sections 4.09, 4.10, 4.12, 4.13, 4.14, 4.15 4.16(d)(i) (and 4.16 but shall remain obligated such clause (d)(i) as referred to comply with the following:in Section 4.16(a)), 4.17 and Section 5.01(a)(iv).

Appears in 1 contract

Samples: Celestica Inc

Covenant Termination. (a) All The provisions of the covenants set forth in Article 4 hereof shall be applicable to the Company and its the Restricted Subsidiaries unless the Company reaches Investment Grade Status. After the Company has reached Investment Grade Status, and notwithstanding that the Company may later cease to have an Investment Grade Rating from either or both of the Rating Agencies, the Company and its the Restricted Subsidiaries shall will be released automatically and without any action on the part of the Company from their obligations to comply with Sections 4.09, 4.10, 4.12, 4.13, 4.14, 4.15 4.16(d)(i) (and 4.16 but shall remain obligated such clause (d)(i) as referred to comply with the following:in Section 4.16(a)), 4.17 and Section 5.01(a)(iv). ARTICLE 5.

Appears in 1 contract

Samples: Indenture (Celestica Inc)

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Covenant Termination. (a) All of the covenants set forth in Article 4 hereof shall be applicable to the Company Com- pany and its Restricted Subsidiaries unless the Company reaches Investment Grade Status. After the Company has reached Investment Grade Status, and notwithstanding that the Company may later cease to have an Investment Grade Rating from either or both of the Rating Agencies, the Company and its Restricted Re- stricted Subsidiaries shall be released from their obligations to comply with Sections 4.09, 4.10, 4.12, 4.13, 4.14, 4.15 4.14 and 4.16 but shall remain obligated to comply with the following:

Appears in 1 contract

Samples: www.cascades.com

Covenant Termination. (a) All of the covenants set forth in Article 4 hereof shall be applicable to the Company and its Restricted Subsidiaries unless the Company reaches Investment Grade Status. After the Company has reached Investment Grade Status, and notwithstanding that the Company may later cease to have an Investment Grade Rating from either or both of the Rating Agencies, the Company and its Restricted Subsidiaries shall be released from their obligations to comply with Sections 4.09, 4.10, 4.12, 4.13, 4.14, 4.15 4.14 and 4.16 but shall remain obligated to comply with the following:

Appears in 1 contract

Samples: Indenture (Cascades Inc)

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