Common use of Suspension of Certain Covenants Clause in Contracts

Suspension of Certain Covenants. (a) During any period of time that: (i) the Notes have Investment Grade Ratings from both Rating Agencies and (ii) no Default has occurred and is continuing under 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 Parent and its Restricted Subsidiaries shall not be subject to Section 4.07 hereof, Section 4.08 hereof, Section 4.09 hereof, Section 4.10 hereof, Section 4.11 hereof, Section 4.18 hereof and clause (4) of Section 5.01(a) hereof (the “Suspended Covenants”).

Suspension of Certain Covenants. (a) During any period of time that: (i) the Notes have Borrower has Investment Grade Ratings from both Rating Agencies and (ii) no Default has occurred and is continuing under this Indenture Agreement (the occurrence of the events described in the foregoing clauses (i) and (ii) being collectively referred to as a “Covenant Suspension Event”), the Parent Covenant Parties and its the Restricted Subsidiaries shall not be subject to Section 4.07 6.03 hereof, Section 4.08 6.04 hereof, Section 4.09 6.05 hereof, Section 4.10 6.06 hereof, Section 4.11 6.07 hereof, Section 4.18 6.09 hereof and clause (4) of Section 5.01(a6.11(a)(4) hereof (the “Suspended Covenants”).

Suspension of Certain Covenants. (a) During If on any period of time that: date following the Issue Date (i) the Notes have Investment Grade Ratings from one or both Rating Agencies and (ii) no Default has occurred and is continuing under 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 Parent Issuer and its the Restricted Subsidiaries shall not be subject to Section 4.07 hereofthe following covenants (collectively, Section 4.08 hereof, Section 4.09 hereof, Section 4.10 hereof, Section 4.11 hereof, Section 4.18 hereof and clause (4) of Section 5.01(a) hereof (the “Suspended Covenants”): Section 4.06, Section 4.07, Section 4.09, Section 4.10, Section 4.12, Section 4.13 and clause (iv) of Section 5.01(a).

Suspension of Certain Covenants. (a) During any period of time that: (i) the Notes have Investment Grade Ratings from both Rating Agencies and (ii) no Default has occurred and is continuing under 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 Parent Issuer and its Restricted Subsidiaries shall not be subject to Section 4.07 hereof, Section 4.08 hereof, Section 4.09 hereof, Section 4.10 hereof, Section 4.11 hereof, Section 4.12 hereof, clauses (1)(a) and (2) of Section 4.18 hereof, Section 4.19 hereof and clause (4) of Section 5.01(a) hereof (the “Suspended Covenants”).

Suspension of Certain Covenants. (a) During If on any period of time that: date following the Issue Date, (i) the Notes have Investment Grade Ratings from both Rating Agencies and (ii) no Default has occurred and is continuing under 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 Parent Issuer and its the Restricted Subsidiaries shall not be subject to Section 4.07 hereof, Section 4.08 hereof, Section 4.09 hereof, Section 4.10 hereof, Section 4.11 hereof, Section 4.18 4.14, Section 4.15 hereof and clause (4) of Section 5.01(a) hereof (the “Suspended Covenants”).

Suspension of Certain Covenants. (a) During any period of time that: (i) the Notes have Investment Grade Ratings from both Rating Agencies and (ii) no Default has occurred and is continuing under 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 Parent Issuer and its Restricted Subsidiaries shall not be subject to Section 4.07 hereof, Section 4.08 hereof, Section 4.09 hereof, Section 4.10 hereof, Section 4.11 hereof, Section 4.18 4.12 hereof, clauses (1) and (2) of Section 4.18(a) hereof, Section 4.19 hereof and clause (4) of Section 5.01(a) hereof (the “Suspended Covenants”).

Suspension of Certain Covenants. (a) During any period of time that: (i) the Notes have Investment Grade Ratings from both Rating Agencies and (ii) no Default or Event of Default has occurred and is continuing under 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 Parent Issuer and its Restricted Subsidiaries shall not be subject to Section 4.07 hereof4.07, Section 4.08 hereof4.08, Section 4.09 hereof4.09, Section 4.10 hereof4.10, Section 4.11 hereof4.11, Section 4.18 hereof 4.15 and clause (4) of Section 5.01(a) hereof (the “Suspended Covenants”).

Suspension of Certain Covenants. (a) During any period of time that: (i) the Notes have Investment Grade Ratings from both Rating Agencies and (ii) no Default has occurred and is continuing under 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 Parent and its Restricted Subsidiaries shall not be subject to Section 4.07 hereof, Section 4.08 hereof, Section 4.09 hereof, Section 4.10 hereof, Section 4.11 hereof, clauses (1)(a) and (2) of Section 4.17 hereof, Section 4.18 hereof and clause (4) of Section 5.01(a) hereof (the “Suspended Covenants”).

Suspension of Certain Covenants. (a) During any period of time that: (i) the Notes have Investment Grade Ratings from both either Rating Agencies Agency and (ii) no Default or Event of Default has occurred and is continuing under 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 Parent Issuer and its Restricted Subsidiaries shall not be subject to Section 4.07 hereof4.07, Section 4.08 hereof4.08, Section 4.09 hereof4.09, Section 4.10 hereof4.10, Section 4.11 hereof4.11, Section 4.18 hereof 4.15 and clause (4) of Section 5.01(a) hereof (the “Suspended Covenants”).

Suspension of Certain Covenants. (a) During any period of time that: (i) the Notes have Investment Grade Ratings from both Rating Agencies and (ii) no Default has occurred and is continuing under 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 Parent Issuers and its the Restricted Subsidiaries shall not be subject to Section 4.07 1010, 1011, 1013, 1014, 1015, 1016, 1024 hereof, Section 4.08 hereof, Section 4.09 hereof, Section 4.10 hereof, Section 4.11 hereof, Section 4.18 hereof and clause (4) of Section 5.01(a) 801 hereof (the “Suspended Covenants”).

Suspension of Certain Covenants. (a) During any period of time that: (i) the Notes have Investment Grade Ratings from both Rating Agencies and (ii) no Default has occurred and is continuing under 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 Parent Covenant Parties and its the Restricted Subsidiaries shall not be subject to Section 4.07 hereof, Section 4.08 hereof, Section 4.09 hereof, Section 4.10 hereof, Section 4.11 hereof, Section 4.18 4.14 hereof, Section 4.15 hereof and clause (4) of Section 5.01(a) 5.01 hereof (the “Suspended Covenants”).

Suspension of Certain Covenants. (a) During any period of time that: (i) the Notes Securities have Investment Grade Ratings from both Rating Agencies and (ii) no Default has occurred and is continuing under 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 Parent Covenant Parties and its the Restricted Subsidiaries shall not be subject to Section 4.03 hereof, Section 4.04 hereof, Section 4.05 hereof, Section 4.06 hereof, Section 4.07 hereof, Section 4.08 hereof, Section 4.09 hereof, Section 4.10 hereof, Section 4.11 hereof, Section 4.18 4.13 hereof and clause (4) of Section 5.01(a) 5.01 hereof (the “Suspended Covenants”).

Suspension of Certain Covenants. (a) During any period of time that: (i) the Notes have Investment Grade Ratings from both Rating Agencies two of S&P, Moody’s and Fitch and (ii) no Default has occurred and is continuing under 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 Parent Issuer and its Restricted Subsidiaries shall not be subject to Section 4.07 hereof, Section 4.08 hereof, Section 4.09 hereof, Section 4.10 hereof, Section 4.11 hereof, Section 4.18 hereof and 4.12 hereof, clause (4) of Section 5.01(a) hereof (the “Suspended Covenants”).

Suspension of Certain Covenants. (a) During any period of time that: If (i) the Notes have an Investment Grade Ratings Rating from both any two of the three Rating Agencies and (ii) no Default has occurred and is continuing under 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 Parent and its the Restricted Subsidiaries shall will not be subject to Section 4.07 hereof4.07, Section 4.08 hereof4.08, Section 4.09 hereof4.09, Section 4.10 hereof4.10, Section 4.11 hereof4.11, Section 4.18 hereof 4.15 and clause (4) of Section 5.01(a) hereof (the “Suspended Covenants”).

Suspension of Certain Covenants. (a) During any period of time that: If (i) the Notes have an Investment Grade Ratings Rating from both any two of the three Rating Agencies and (ii) no Default has occurred and is continuing under 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 Parent and its the Restricted Subsidiaries shall will not be subject to Section 4.07 hereof4.07, Section 4.08 hereof4.08, Section 4.09 hereof91 4.09, Section 4.10 hereof4.10, Section 4.11 hereof4.11, Section 4.18 hereof 4.15 and clause (4) of Section 5.01(a) hereof (the “Suspended Covenants”).

Suspension of Certain Covenants. (a) During any period of time that: (i) the Notes have Investment Grade Ratings from both Rating Agencies two of S&P, Xxxxx’x and Xxxxx and (ii) no Default has occurred and is continuing under 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 Parent Issuer and its Restricted Subsidiaries shall not be subject to Section 4.07 hereof, Section 4.08 hereof, Section 4.09 hereof, Section 4.10 hereof, Section 4.11 hereof, Section 4.18 hereof and 4.12 hereof, clause (4) of Section 5.01(a) hereof (the “Suspended Covenants”).

Suspension of Certain Covenants. (a) During any period of time that: (i) the Notes have Investment Grade Ratings from both Rating Agencies two of S&P, Xxxxx’x and Fitch and (ii) no Default has occurred and is continuing under 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 Parent Issuer and its Restricted Subsidiaries shall not be subject to Section 4.07 hereof, Section 4.08 hereof, Section 4.09 hereof, Section 4.10 hereof, Section 4.11 hereof, Section 4.18 hereof and 4.12 hereof, Section 4.19 hereof, clause (4) of Section 5.01(a) hereof (the “Suspended Covenants”).

Suspension of Certain Covenants. (a) During any period of time that: (i) the Notes have Investment Grade Ratings from both Rating Agencies and (ii) no Default has occurred and is continuing under 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 Parent Issuer and its Restricted Subsidiaries shall not be subject to Section 4.07 hereof, Section 4.08 hereof, Section 4.09 hereof, Section 4.10 hereof, Section 4.11 hereof, Section 4.18 4.12 hereof and clause (4) of Section 5.01(a) hereof (the “Suspended Covenants”).

Suspension of Certain Covenants. (a) During any period of time that: (i) the Notes have Investment Grade Ratings from both Rating Agencies and (ii) no Default has occurred and is continuing under 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 Parent and its Restricted Subsidiaries shall not be subject to Section 4.07 hereof, Section 4.08 hereof, Section 4.09 hereof, Section 4.10 hereof, Section 4.11 hereof, Section 4.17 hereof, Section 4.18 hereof and clause (4) of Section 5.01(a) hereof (the “Suspended Covenants”).