Common use of Suspension of Certain Covenants when Notes Rated Investment Grade Clause in Contracts

Suspension of Certain Covenants when Notes Rated Investment Grade. (a) During any period of time that: (i) the Notes have an Investment Grade Rating from either Rating Agency and (ii) no Default or Event of Default has occurred and is continuing under the Indenture (the occurrence of the events described in the foregoing clauses (i) and (ii) being collectively referred to as a “Covenant Suspension Event”), the Company and the Restricted Subsidiaries will not be subject to Section 4.06, Section 4.07, Section 4.10, Section 4.13, Section 4.14 and paragraph (3) of Section 5.01(a) (collectively, the “Suspended Covenants”).

Suspension of Certain Covenants when Notes Rated Investment Grade. (a) During any period of time that: (i) the Notes have an Investment Grade Rating from either Rating Agency and (ii) no Default or Event of Default has occurred and is continuing under the this Indenture (the occurrence of the events described in the foregoing clauses (i) and (ii) being collectively referred to as a “Covenant Suspension Event”), the Company and the Restricted Subsidiaries will not be subject to Section 4.06, Section 4.07, Section 4.10, Section 4.13, Section 4.14 and paragraph (3) of Section 5.01(a5.01(a)(3) (collectively, the “Suspended Covenants”).