Common use of Suspension of Certain Covenants Clause in Contracts

Suspension of Certain Covenants. (a) Following the first day: (1) the Notes have achieved Investment Grade Status; and (2) no Default or Event of Default has occurred and is continuing under this Indenture, then, beginning on that day and continuing until the Reversion Date (as defined below), the Parent Guarantor and the Restricted Subsidiaries will not be subject to SECTIONS 3.2, 3.3, 3.4, 3.5, 3.7, 3.8 and 4.1(a)(3) (collectively, the “Suspended Covenants”).

Appears in 7 contracts

Samples: Indenture (iHeartMedia, Inc.), Indenture (iHeartMedia, Inc.), Indenture (iHeartMedia, Inc.)

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Suspension of Certain Covenants. (a) Following If, on any date following the first day: Issue Date, (1i) the Notes have achieved Investment Grade Status; and (2ii) no Default or Event of Default has occurred and is continuing under this Indenture, then, beginning on that day and continuing until the Reversion Date (as defined below), the Parent Guarantor Company and the Restricted Subsidiaries will shall not be subject to SECTIONS 3.2, 3.3, 3.4, 3.5, 3.7, 3.8 and 4.1(a)(3) Section 3.7 (collectively, the “Suspended CovenantsCovenant”).

Appears in 7 contracts

Samples: Indenture (Avis Budget Group, Inc.), Indenture (Avis Budget Group, Inc.), Indenture (Avis Budget Group, Inc.)

Suspension of Certain Covenants. (a) Following the first day: (1) the Notes have achieved Investment Grade Status; and (2) no Default or Event of Default has occurred and is continuing under this Indenture, then, beginning on that day and continuing until the Reversion Date (as defined below), the Parent Guarantor Issuer and the its Restricted Subsidiaries will not be subject to SECTIONS Sections 3.2, 3.3, 3.4, 3.5, 3.7, 3.8 and 4.1(a)(3) (collectively, the “Suspended Covenants”).

Appears in 7 contracts

Samples: Indenture (Restaurant Brands International Inc.), Indenture (Restaurant Brands International Limited Partnership), Indenture (Burger King Worldwide, Inc.)

Suspension of Certain Covenants. (a) Following the first day: (1) the Notes have achieved Investment Grade Status; and (2) no Default or Event of Default has occurred and is continuing under this Indenture, then, beginning on that day and continuing until the Reversion Date (as defined below), the Parent Guarantor Issuer and the its Restricted Subsidiaries will not be subject to SECTIONS Sections 3.2, 3.3, 3.4, 3.5, 3.7, 3.8 and 4.1(a)(3) (collectively, the “Suspended Covenants”).

Appears in 5 contracts

Samples: Indenture (Restaurant Brands International Inc.), Indenture (Restaurant Brands International Limited Partnership), Indenture (Restaurant Brands International Limited Partnership)

Suspension of Certain Covenants. (a) Following the first day: (1) the Notes have achieved Investment Grade Status; and (2) no Default or Event of Default has occurred and is continuing under this Indenture, then, beginning on that day and continuing until the Reversion Date (as defined below), the Parent Guarantor Company and the its Restricted Subsidiaries will not be subject to SECTIONS Sections 3.2, 3.3, 3.4, 3.5, 3.7, 3.8 3.4 and 4.1(a)(3) (collectively, the “Suspended Covenants”).

Appears in 4 contracts

Samples: Indenture (Ladder Capital Corp), Indenture (Ladder Capital Corp), Indenture (Ladder Capital Corp)

Suspension of Certain Covenants. (a) Following the first day: (1) the Notes have achieved Investment Grade Status; and (2) no Default or Event of Default has occurred and is continuing under this Indenture, then, beginning on that day and continuing until the Reversion Date (as defined below), the Parent Guarantor Company and the its Restricted Subsidiaries will not be subject to SECTIONS Sections 3.2, 3.3, 3.4, 3.5, 3.7, 3.8 and 4.1(a)(3) (collectively, the “Suspended Covenants”).

Appears in 4 contracts

Samples: Indenture (Ladder Capital Finance Corp), Indenture (Ladder Capital Corp), Chiron Merger (Kinetic Concepts Inc)

Suspension of Certain Covenants. (a) Following the first day: (1) the Notes have achieved Investment Grade Status; and (2) no Default or Event of Default has occurred and is continuing under this Indenture, then, beginning on that day and continuing until the Reversion Date (as defined below), the Parent Guarantor Issuer, its Restricted Subsidiaries and the Restricted Subsidiaries Mission Entities will not be subject to SECTIONS Sections 3.2, 3.3, 3.4, 3.5, 3.7, 3.8 and 4.1(a)(3) (collectively, the “Suspended Covenants”).

Appears in 2 contracts

Samples: Indenture (Nexstar Media Group, Inc.), Indenture (Nexstar Media Group, Inc.)

Suspension of Certain Covenants. (a) Following the first dayDuring any period of time that: (1) the Notes have achieved an Investment Grade Status; Rating from at least two Rating Agencies, and (2) no Default or Event of Default has occurred and is continuing under this Indenture, then, beginning on that day the Issuer and continuing until the Reversion Date (as defined below), the Parent Guarantor and the its Restricted Subsidiaries will not be subject to SECTIONS 3.2Sections 4.03, 3.34.04, 3.44.05, 3.54.06, 3.74.07, 3.8 4.11 and 4.1(a)(35.01(a)(iii) (collectively, the “Suspended Covenants”).

Appears in 2 contracts

Samples: Indenture (Western Digital Corp), wm.kgi.com.hk

Suspension of Certain Covenants. (a) Following the first day: (1) the Notes have achieved Investment Grade Status; and (2) no Default or Event of Default has occurred and is continuing under this Indenture, then, beginning on that day and continuing until the Reversion Date (as defined below), the Parent Guarantor Issuer, its Restricted Subsidiaries and the Restricted Subsidiaries Mission Entities will not be subject to SECTIONS Sections 3.2, 3.3, 3.4, 3.5, 3.7, 3.8 and 4.1(a)(3) (collectively, the “Suspended Covenants”).

Appears in 2 contracts

Samples: Indenture (Nexstar Broadcasting Group Inc), Indenture (Nexstar Broadcasting Group Inc)

Suspension of Certain Covenants. (a) Following If, on any date following the first day: Issue date, (1i) the Notes have achieved Investment Grade Status; and (2ii) no Default or Event of Default has occurred and is continuing under this Indenture, then, beginning on that day and continuing until the Reversion Date (as defined below), the Parent Guarantor Company and the Restricted Subsidiaries will shall not be subject to SECTIONS 3.2, 3.3, 3.4, 3.5, 3.7, 3.8 and 4.1(a)(3) Section 3.7 (collectively, the “Suspended CovenantsCovenant”).

Appears in 2 contracts

Samples: Indenture (Avis Budget Group, Inc.), Indenture (Avis Budget Group, Inc.)

Suspension of Certain Covenants. (a) Following the first day: (1) the Notes of any series have achieved Investment Grade Status; and (2) no Default or Event of Default has occurred and is continuing under this Indenture, then, beginning on that day (the “Suspension Date”) and continuing until the Reversion Date (as defined below), the Parent Guarantor Company and the its Restricted Subsidiaries will not be subject to SECTIONS Sections 3.2, 3.3, 3.4, 3.5, 3.7, 3.8 3.8, 3.17 and 4.1(a)(3) with respect to such series of Notes (collectively, the “Suspended Covenants”).

Appears in 1 contract

Samples: Indenture (OneMain Financial Holdings, Inc.)

Suspension of Certain Covenants. (a) Following the first day: (1i) the Notes have achieved Investment Grade Status; and (2ii) no Default or Event of Default has occurred and is continuing under this Indenture, then, beginning on that day and continuing until the Reversion Date (as defined belowin Section 3.17(b)), the Parent Guarantor Companies and the their Restricted Subsidiaries will not be subject to SECTIONS 3.2Sections 3.02, 3.33.03, 3.43.04, 3.53.05, 3.73.07, 3.8 3.08 and 4.1(a)(34.01(a)(iii) (collectively, the “Suspended Covenants”).

Appears in 1 contract

Samples: Indenture (Yum Brands Inc)

Suspension of Certain Covenants. (a) Following If, on any date following the first day: Issue Date, (1i) the Notes have achieved Investment Grade Status; and (2ii) no Default or Event of Default has occurred and is continuing under this Indenture, then, beginning on that day and continuing until the Reversion Date (as defined below), the Parent Guarantor Company and the Restricted Subsidiaries will shall not be subject to SECTIONS Sections 3.2, 3.3, 3.4, 3.5, 3.7, 3.8 3.5 and 4.1(a)(3) (collectively, the “Suspended Covenants”).

Appears in 1 contract

Samples: Supplemental Indenture (IAA Spinco Inc.)

Suspension of Certain Covenants. (a) Following the first day: (1) the Notes have achieved Investment Grade Status; and (2) no Default or Event of Default has occurred and is continuing under this Indenture, then, beginning on that day and continuing until the Reversion Date (as defined below), the Restricted Parent Guarantor and the its Restricted Subsidiaries will not be subject to SECTIONS Sections 3.2, 3.3, 3.4, 3.5, 3.7, 3.8 and 4.1(a)(3) (collectively, the “Suspended Covenants”).

Appears in 1 contract

Samples: Indenture (Essar Steel Canada Inc.)

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Suspension of Certain Covenants. (a) Following the first day: (1i) the Notes of a series have achieved Investment Grade Status; and (2ii) no Default or Event of Default has occurred and is continuing under this Indenture, then, beginning on that day and continuing until the Reversion Date (as defined belowin Section 3.17(b)), the Parent Guarantor Companies and the their Restricted Subsidiaries will not be subject to SECTIONS 3.2Sections 3.02, 3.33.03, 3.43.04, 3.53.05, 3.73.07, 3.8 3.08 and 4.1(a)(34.01(a)(iii) (collectively, the “Suspended Covenants”).

Appears in 1 contract

Samples: Non Disturbance Agreement (Yum Brands Inc)

Suspension of Certain Covenants. (a) Following the first day: (1) the Notes have achieved been assigned an Investment Grade Status; and (2) no Default or Event of Default has occurred and is continuing under this Indenture, then, beginning on that day (the “Covenant Suspension Date”) and continuing until the Reversion Date (as defined below), the Parent Guarantor and the Restricted Subsidiaries will not be subject to SECTIONS provisions of Sections 3.2, 3.3, 3.4, 3.5, 3.7, 3.8 and 4.1(a)(3) (collectively, the “Suspended Covenants”)) shall not apply.

Appears in 1 contract

Samples: American Capital, LTD

Suspension of Certain Covenants. (a) Following the first day: (1) the Notes have achieved Investment Grade Status; and (2) no Default or Event of Default has occurred and is continuing under this Indenture, then, beginning on that day (the “Covenant Suspension Event”) and continuing until the Reversion Date (as defined below), the Parent Guarantor Issuer and the its Restricted Subsidiaries will not be subject to SECTIONS Sections 3.2, 3.3, 3.4, 3.5, 3.7, 3.8 and 4.1(a)(3) (collectively, the “Suspended Covenants”).

Appears in 1 contract

Samples: Second Agreement (H. J. Heinz Corp II)

Suspension of Certain Covenants. (a) Following If, on any date following the first day: Issue date, the (1i) the Notes have achieved Investment Grade Status; and (2ii) no Default or Event of Default has occurred and is continuing under this Indenture, then, beginning on that day and continuing until the Reversion Date (as defined below), the Parent Guarantor Issuer and the its Restricted Subsidiaries will shall not be subject to SECTIONS 3.2, 3.3, 3.4, 3.5, 3.7, 3.8 and 4.1(a)(3) Section 3.7 (collectively, the “Suspended CovenantsCovenant”).

Appears in 1 contract

Samples: Supplemental Indenture (Avis Budget Group, Inc.)

Suspension of Certain Covenants. (a) Following the first day: (1) the Notes have achieved Investment Grade Status; and (2) no Default or Event of Default has occurred and is continuing under this Indenture, then, beginning on that day and continuing until the Reversion Date (as defined below), the Parent Guarantor Company and the Restricted Subsidiaries will not be subject to SECTIONS Sections 3.2, 3.3, 3.4, 3.5, 3.7, 3.8 and 4.1(a)(3) (collectively, the “Suspended Covenants”).

Appears in 1 contract

Samples: Indenture (Acelity L.P. Inc.)

Suspension of Certain Covenants. (a) Following the first day: (1) the Notes have achieved Investment Grade Status; and (2) no Default or Event of Default has occurred and is continuing under this Indenture, then, beginning on that day and continuing until the Reversion Date (as defined below), the the Restricted Parent Guarantor and the its Restricted Subsidiaries will not be subject to SECTIONS Sections 3.2, 3.3, 3.4, 3.5, 3.7, 3.8 and 4.1(a)(3) (collectively, the “Suspended Covenants”).

Appears in 1 contract

Samples: Indenture (Essar Steel Algoma Inc.)

Suspension of Certain Covenants. (a) Following the first day: (1) the Notes have achieved Investment Grade Status; and (2) no Default or Event of Default has occurred and is continuing under this Indenture, then, beginning on that day and continuing until the Reversion Date (as defined below), the Parent Guarantor Company and the Restricted Subsidiaries will not be subject to SECTIONS Sections 3.2, 3.3, 3.4, 3.5, 3.7, 3.8 and 4.1(a)(3) (collectively4.1(a)(3)(collectively, the “Suspended Covenants”).

Appears in 1 contract

Samples: Indenture (Atento S.A.)

Suspension of Certain Covenants. (a) Following the first day: (1) the Notes have achieved Investment Grade Status; and (2) no Default or Event of Default has occurred and is continuing under this Indenture, then, beginning on that day and continuing until the Reversion Date (as defined below), the Parent Guarantor Company and the Restricted Subsidiaries will not be subject to SECTIONS 3.2Sections ‎3.2, 3.3‎3.3, 3.4‎3.4, 3.5‎3.5, 3.7‎3.7, 3.8 ‎3.8 and 4.1(a)(3) (collectively‎4.1(a)(3)(collectively, the “Suspended Covenants”).

Appears in 1 contract

Samples: Indenture (Atento S.A.)

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