Common use of Effectiveness of Covenants Clause in Contracts

Effectiveness of Covenants. The covenants described in Sections 6.01, 6.02, 6.03, 6.04, 6.05, 6.09 and 6.13 will no longer be in effect upon the Borrower reaching Investment Grade Status.

Appears in 1 contract

Samples: Term Loan Agreement (Smithfield Foods Inc)

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Effectiveness of Covenants. The covenants described in Sections 6.01, 6.02, 6.03, 6.04, 6.05, 6.07, 6.09 and 6.13 will no longer be in effect upon the Borrower reaching Investment Grade Status.

Appears in 1 contract

Samples: Term Loan Agreement (Smithfield Foods Inc)

Effectiveness of Covenants. The covenants described in Sections 5.01, 5.10, 6.01, 6.02, 6.03, 6.04, 6.05, 6.07, 6.09 and 6.13 will no longer be in effect upon the Borrower reaching Investment Grade Status.

Appears in 1 contract

Samples: Term Loan Agreement (Smithfield Foods Inc)

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Effectiveness of Covenants. The covenants described in Sections 6.01, 6.02, 6.03, 6.04, 6.05, 6.07 and 6.09 and 6.13 will no longer be in effect upon the Borrower reaching Investment Grade Status.

Appears in 1 contract

Samples: Credit Agreement (Smithfield Foods Inc)

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