Common use of Effectiveness of Covenants and Other Provisions Upon an Investment Grade Rating Event Clause in Contracts

Effectiveness of Covenants and Other Provisions Upon an Investment Grade Rating Event. Upon and after the occurrence of an Investment Grade Rating Event, the Company and its Subsidiaries, as the case may be, shall cease to be subject to Sections 3.3, 3.4, 3.6, 3.7, 3.8, 3.9, 3.11, 3.12 (other than with respect to the corporate existence of the Company) and 3.14 hereof and clause (4) of Section 4.1 hereof and such provisions of this Indenture shall no longer have any effect. Such provisions of this Indenture shall not be reinstituted following the occurrence of an Investment Grade Rating Event even if the rating assigned the Notes by a Rating Agency falls below an Investment Grade Rating.

Effectiveness of Covenants and Other Provisions Upon an Investment Grade Rating Event. Upon and after the occurrence of an Investment Grade Rating Event, the Company and its Subsidiaries, as the case may be, shall cease to be subject to Sections 3.3Section 4.03, 3.4Section 4.04, 3.6Section 4.06, 3.7Section 4.07, 3.8Section 4.08, 3.9Section 4.09, 3.11Section 4.11, 3.12 Section 4.12 (other than with respect to the corporate existence of the Company) and 3.14 Section 4.14 hereof and clause (4) of Section 4.1 5.01 hereof and such provisions of this Supplemental Indenture shall no longer have any effect. Such provisions of this Supplemental Indenture shall not be reinstituted following the occurrence of an Investment Grade Rating Event even if the rating assigned the Notes by a Rating Agency falls below an Investment Grade Rating.