Common use of More Favorable Provision Clause in Contracts

More Favorable Provision. Notwithstanding the foregoing, if a financial covenant or ratio calculation included in this Agreement is defined in a manner that is less restrictive than the same financial covenant or ratio calculation set forth in the Senior Notes, including, as a result of any component definition therein differing from the corresponding component definition in the Senior Notes (each such covenant herein, a “More Favorable Provision”), such More Favorable Provision shall only become less restrictive once the Senior Notes are either (x) amended to have a corresponding covenant or calculation that is no more restrictive than such More Favorable Provision or (y) repaid in full and not replaced with Indebtedness that contains a corresponding covenant or calculation that is more restrictive than such More Favorable Provision.

More Favorable Provision. Notwithstanding the foregoing, if a financial covenant or ratio calculation included in this Agreement is defined in a manner that is less restrictive than the same financial covenant or ratio calculation set forth in the Senior Notes, including, as a result of any component definition therein differing from the corresponding component definition in the Senior Notes (each such covenant herein, a “More Favorable Provision”), such More Favorable Provision shall only become less restrictive once the Senior Notes are either (x) amended to have a corresponding covenant or calculation that is no more restrictive than such More Favorable Provision or (y) repaid in full and not replaced with Indebtedness that contains a corresponding covenant or calculation that is more restrictive than such More Favorable Provision.. 7.12