Common use of Suspension and Relaxation of Certain Covenants Clause in Contracts

Suspension and Relaxation of Certain Covenants. (a) Following the first day that (a) the Borrower has Investment Grade Ratings from both Rating Agencies and (b) no Default has occurred and is continuing, the Borrower may request the Facility Agent to agree on behalf of the Majority Lenders that the Borrower and the Restricted Subsidiaries will:

Appears in 2 contracts

Samples: Facility Agreement (PT Indosat TBK), Facility Agreement (PT Indosat TBK)

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Suspension and Relaxation of Certain Covenants. (a) Following the first day that (a) the Borrower has Investment Grade Ratings from both Rating Agencies and (b) no Default has occurred and is continuing, the Borrower may request the Facility Agent to agree on behalf of the Majority Lenders (with the consent of Sinosure) that the Borrower and the Restricted Subsidiaries will:

Appears in 2 contracts

Samples: Facility Agreement (PT Indosat TBK), Facility Agreement (PT Indosat TBK)

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Suspension and Relaxation of Certain Covenants. (a) Following the first day that (a) the Borrower has Investment Grade Ratings from both Rating Agencies and (b) no Default has occurred and is continuing, the Borrower may request the Facility Agent to agree on behalf of the Majority Lenders (with the consent of COFACE) that the Borrower and the Restricted Subsidiaries will:

Appears in 2 contracts

Samples: Facility Agreement (PT Indosat TBK), Facility Agreement (PT Indosat TBK)

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