Covenants Termination Clause Samples

Covenants Termination. (a) If at any time, (a) the Notes have an Investment Grade Rating from at least 50% of the Designated Rating Organizations that have provided ratings of the Notes, and (b) no Default has occurred and is continuing, the Corporation and its Restricted Subsidiaries will not be subject to the provisions of this Indenture described under: (A) Section 5.10; (B) Section 5.11; (C) Section 5.12; (D) Section 5.13; (E) Section 5.14; and (F) Section 9.1(a)(iv). Upon the termination of the covenants described above in the manner described above, the issuer will no longer be permitted to designate any Restricted Subsidiary as an Unrestricted Subsidiary.