Suspended Covenants. (a) During any period that the Notes have a rating equal to or higher than BBB- (or the equivalent) by S&P and Baa3 (or the equivalent) by Xxxxx’x (“Investment Grade Ratings”) and no Default or Event of Default has occurred and is continuing (such period, a “Covenant Suspension Period”), the Company and the Restricted Subsidiaries will not be subject to the following Sections (collectively, the “Suspended Covenants”):
Appears in 3 contracts
Samples: Indenture (Comstock Oil & Gas, LP), Supplemental Indenture (Comstock Oil & Gas, LP), Indenture (Comstock Oil & Gas GP, LLC)
Suspended Covenants. (a) During any period that the Notes have a rating equal to or higher than BBB- (or BBB(or the equivalent) by S&P and Baa3 (or the equivalent) by Xxxxx’x (“Investment Grade Ratings”) and no Default or Event of Default has occurred and is continuing (such period, a “Covenant Suspension Period”), upon the delivery by the Company to the Trustee of an Officers’ Certificate to the foregoing effect, the Company and the Restricted Subsidiaries will not be subject to the following Sections of this Indenture (collectively, the “Suspended Covenants”):
Appears in 1 contract
Samples: First Supplemental Indenture (Comstock Resources Inc)
