Common use of Suspension of Certain Covenants Clause in Contracts

Suspension of Certain Covenants. (a) If on any date following the Issue Date (i) the Notes have Investment Grade Ratings from two 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 Issuer and the Restricted Subsidiaries shall not be subject to Section 4.07, Section 4.08, Section 4.09, Section 4.10, Section 4.11, Section 4.14 and clause (4) of Section 5.01(a) (collectively, the “Suspended Covenants”). In addition, during the Suspension Period, the Guarantees shall be automatically released and the obligation to grant further Guarantees shall be suspended.

Suspension of Certain Covenants. (a) If on at any date following time after the Issue Date Date: (i) the Notes Securities have Investment Grade Ratings from two both Rating Agencies, Agencies and (ii) no Event of Default has occurred and is continuing under this Indenture at such time (the occurrence of the events described in the foregoing clauses (i) and (ii) being collectively referred to as a “Covenant Suspension Event”), then until the Issuer end of the Suspension Period (as defined in Section 4.14(b)) the Company and the Restricted Subsidiaries shall not be subject to Section the provisions under Sections 4.03, 4.04, 4.05 (provided that no Restricted Subsidiary may be designated as an Unrestricted Subsidiary during the Suspension Period), 4.06, 4.07, Section 4.08, Section 4.09, Section 4.10, Section 4.11, Section 4.14 and clause paragraph (4iii) of Section 5.01(a) 5.01 (collectively, the “Suspended Covenants”). In addition, during the Suspension Period, the Guarantees shall be automatically released and the obligation to grant further Guarantees shall be suspended.

Suspension of Certain Covenants. (a) If on any date following the Issue Date (i) the Notes have Investment Grade Ratings from two 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 Issuer and the Restricted Subsidiaries shall not be subject to Section 4.07, Section 4.08, Section 4.09, Section 4.10, Section 4.11, Section 4.14 and clause (4) of Section 5.01(a) (collectively, the “Suspended Covenants”). In addition, during the Suspension Period, the Subsidiary Guarantees shall be automatically released and the obligation to grant further Subsidiary Guarantees shall be suspended.

Suspension of Certain Covenants. (a) If on at any date following time after the Issue Date Date: (i) the Notes Securities have Investment Grade Ratings from two both Rating Agencies, Agencies and (ii) no Event of Default has occurred and is continuing under this Indenture at such time (the occurrence of the events described in the foregoing clauses (i) and (ii) being collectively referred to as a “Covenant Suspension Event”), then until the Issuer end of the Suspension Period (as defined in Section 4.14(b)) the Company and the Restricted Subsidiaries shall not be subject to Section the provisions under Sections 4.03, 4.04, 4.05 (provided that no Restricted Subsidiary may be designated as an Unrestricted Subsidiary during the Suspension Period), 4.06, 4.07, Section 4.08, Section 4.09, Section 4.10, Section 4.11, Section 4.14 and clause paragraph (4iv) of Section 5.01(a) 5.01 (collectively, the “Suspended Covenants”). In addition, during the Suspension Period, the Guarantees shall be automatically released and the obligation to grant further Guarantees shall be suspended.

Suspension of Certain Covenants. (a) If on at any date following the Issue Date Distribution Date, (i1) the Notes have Investment Grade Ratings from two both Rating Agencies, Agencies and (ii2) 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” shall be deemed to have occurred. Beginning on the day of a Covenant Suspension Event and ending on a Reversion Date (such period a “Suspension Period”)) with respect to the Notes, the Issuer and the its Restricted Subsidiaries shall not be subject to Section 4.07, Section 4.08, Section 4.09, Section 4.10, Section 4.11, Section 4.14 4.14, Section 4.16, Section 4.17 and clause (4) of Section 5.01(a) (collectively, the “Suspended Covenants”). In addition, during the Suspension Period, the Guarantees shall be automatically released and the obligation to grant further Guarantees shall be suspended.