Common use of Suspension of Certain Covenants Clause in Contracts

Suspension of Certain Covenants. Following the first day (the “Suspension Date”) that (a) the Notes have Investment Grade Ratings from both Rating Agencies and (b) no Default or Event of Default has occurred and is continuing, the Parent and the Restricted Subsidiaries will not be subject to the following provisions of this Indenture: • Section 4.10, • Section 4.11, • Section 4.13, • Section 4.14, • Section 4.15, • Section 4.16,

Appears in 2 contracts

Samples: Indenture (PT Indosat TBK), Indenture (PT Indosat TBK)

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Suspension of Certain Covenants. Following the first day (the “Suspension Date”) that (a) the Notes have Investment Grade Ratings from both at least two Rating Agencies and (b) no Default or Event of Default has occurred and is continuing, the Parent and the Restricted Subsidiaries will not be subject to the following provisions of this Indenture: • Section 4.10, • Section 4.11, • Section 4.13, • Section 4.14, • Section 4.15, • Section 4.16,

Appears in 1 contract

Samples: Indenture (PT Indosat TBK)

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Suspension of Certain Covenants. (a) Following the first day (the “Suspension Date”) that that: (a1) the Notes have an Investment Grade Ratings Rating from both of the Rating Agencies and Agencies; and (b2) no Default or Event of Default has occurred and is continuing, ; the Parent Issuers and the Restricted Subsidiaries will not be subject to the following provisions of this Indenture: • Section Sections 4.06, 4.07, 4.10, • Section 4.114.12, • Section 4.13, • Section 4.14, 10.03, and clauses (a)(3) and (c)(2)(B) of Section 4.155.01 (collectively, • Section 4.16,the “Suspended Covenants”).

Appears in 1 contract

Samples: Indenture (Tower Automotive, LLC)

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