Common use of Suspension of Certain Covenants Clause in Contracts

Suspension of Certain Covenants. (a) If, on any date following the date of this Indenture, the Notes have a rating of Investment Grade from both of the Rating Agencies and no Default has occurred and is continuing (a “Suspension Event”), then, beginning on that day and continuing until such time, if any, at which the Notes cease to have a rating of Investment Grade from either of the Rating Agencies, the following provisions of this Indenture will be suspended:

Appears in 7 contracts

Samples: Supplemental Indenture (Xinyuan Real Estate Co., Ltd.), Indenture (Xinyuan Real Estate Co., Ltd.), Indenture (Xinyuan Real Estate Co., Ltd.)

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Suspension of Certain Covenants. (a) If, If on any date following the date of this Indenture, the Notes have a rating of Investment Grade from both of the Rating Agencies and no Default has occurred and is continuing (a “Suspension Event”), then, beginning on that day and continuing until such time, if any, at which the Notes cease to have a rating of Investment Grade from either of the Rating Agencies, the following provisions of this Indenture will shall be suspended:

Appears in 2 contracts

Samples: Paying and Transfer Agent and Registrar (eHi Car Services LTD), Paying and Transfer Agent and Registrar (eHi Car Services LTD)

Suspension of Certain Covenants. (a) If, If on any date following the date of this IndentureOriginal Issue Date, the Notes have a rating of Investment Grade from both of the Rating Agencies and no Default or Event of Default has occurred and is continuing (a “Suspension Event”), then, beginning on that day and continuing until such time, if any, at which the Notes cease to have a rating of Investment Grade from either of the Rating Agencies, the following provisions of this Indenture in the following Sections will be suspended:

Appears in 1 contract

Samples: Intercreditor Agreement (Azure Power Global LTD)

Suspension of Certain Covenants. (a) If, If on any date following the date of this IndentureOriginal Issue Date, the Notes have a rating of Investment Grade from both of the Rating Agencies and no Default or Event of Default has occurred and is continuing (a “Suspension Event”), then, beginning on that day and continuing until such time, if any, at which the Notes cease to have a rating of Investment Grade from either of the Rating Agencies, the following provisions of this Indenture summarized under the following captions will be suspended:

Appears in 1 contract

Samples: Intercreditor Agreement (Azure Power Global LTD)

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Suspension of Certain Covenants. (a) If, If on any date following the date of this Indenture, the Notes have a rating of Investment Grade from both two of the three Rating Agencies and no Default has occurred and is continuing (a “Suspension Event”), then, beginning on that day and continuing until such time, if any, at which the Notes cease to have a rating of Investment Grade from either of the Rating Agencies, the following provisions of this Indenture will shall be suspended:

Appears in 1 contract

Samples: Indenture (Bright Scholar Education Holdings LTD)

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