Effectiveness of Covenants. The covenants described under Sections 3.3, 3.4, 3.5, 3.7, 3.8, 3.11, 3.13 and 3.19 (collectively, the "Suspended Covenants") will no longer be in effect upon (a) the Securities having an Investment Grade Rating from either of the Rating Agencies and (b) no Default on Event of Default having occurred and be
Appears in 2 contracts
Samples: Indenture (Plains Exploration & Production Co L P), Indenture (Plains Resources Inc)
Effectiveness of Covenants. The covenants described under in Sections 3.2, 3.3, 3.4, 3.53.6, 3.7, 3.8, 3.113.10, 3.12 and 3.13 and 3.19 (collectively, the "Suspended Covenants") will no longer be in effect upon (a) the Securities having an Company reaching Investment Grade Rating from either of the Rating Agencies and (b) no Default on Event of Default having occurred and beStatus.
Appears in 2 contracts
Samples: Indenture (Smithfield Foods Inc), Indenture (Jiffy Lube International Inc)
Effectiveness of Covenants. The covenants described under Sections 3.2, 3.3, 3.4, 3.53.6, 3.7, 3.8, 3.113.10, 3.12 and 3.13 and 3.19 (collectively, the "Suspended Covenants") will no longer be in effect upon (a) the Securities having an Company’s reaching Investment Grade Rating from either of the Rating Agencies and (b) no Default on Event of Default having occurred and beStatus.
Appears in 1 contract
Samples: Indenture (Smithfield Foods Inc)
