Common use of Suspension of Certain Covenants Clause in Contracts

Suspension of Certain Covenants. (a) If at any time after the Issue Date (i) the Notes have an Investment Grade Rating from both of the Rating Agencies and (ii) no Default has occurred and is continuing under this Indenture, then the Parent, the Company and its Restricted Subsidiaries shall not be subject to Section 4.07, Section 4.08, Section 4.09, Section 4.10, Section 4.11, Section 4.19, or clause (4) of Section 5.01 hereof (the “Suspended Covenants”).

Appears in 2 contracts

Samples: Indenture (Firstcash, Inc), Supplemental Indenture (Firstcash, Inc)

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Suspension of Certain Covenants. (a) If at any time after the Issue Date (i) the Notes have an Investment Grade Rating from both of the Rating Agencies and (ii) no Default has occurred and is continuing under this Indenture, then the Parent, the Company and its Restricted Subsidiaries shall not be subject to Section 4.07, Section 4.08, Section 4.09, Section 4.10, Section 4.11, Section 4.19, or clause (4) of Section 5.01 hereof (the “Suspended Covenants”).

Appears in 2 contracts

Samples: Supplemental Indenture (Firstcash, Inc), Supplemental Indenture (Firstcash, Inc)

Suspension of Certain Covenants. (a) If at any time after the Issue Date (i) the Notes have an Investment Grade Rating from both any two of the three Rating Agencies and (ii) no Default has occurred and is continuing under this IndentureIndenture (the occurrence of the events described in the foregoing clauses (i) and (ii) being collectively referred to as a “Covenant Suspension Event”), then Holdings and the Parent, the Company and its Restricted Subsidiaries shall will not be subject to Section 4.07, Section 4.08, Section 4.09, Section 4.10, Section 4.11, Section 4.19, or 4.15 and clause (4) of Section 5.01 hereof 5.01(a) (the “Suspended Covenants”).

Appears in 1 contract

Samples: GoDaddy Inc.

Suspension of Certain Covenants. (a) If at any time after the Issue Date (i) the Notes have an Investment Grade Rating from both of the Rating Agencies and (ii) no Default has occurred and is continuing under this Indenture, then the Parent, the Company Parent and its Restricted Subsidiaries shall not be subject to Section 4.07, Section 4.08, Section 4.09, Section 4.10, Section 4.11, Section 4.19, or clause (4) of Section 5.01 hereof (the “Suspended Covenants”).

Appears in 1 contract

Samples: Indenture (FirstCash Holdings, Inc.)

Suspension of Certain Covenants. (a) a. If at any time after the Issue Date (i) the Notes have an Investment Grade Rating from both any two of the three Rating Agencies and (ii) no Default has occurred and is continuing under this IndentureIndenture (the occurrence of the events described in the foregoing clauses (i) and (ii) being collectively referred to as a “Covenant Suspension Event”), then Holdings and the Parent, the Company and its Restricted Subsidiaries shall will not be subject to Section 4.07, Section 4.08, Section 4.09, Section 4.10, Section 4.11, Section 4.19, or 4.15 and clause (4) of Section 5.01 hereof 5.01(a) (the “Suspended Covenants”).

Appears in 1 contract

Samples: GoDaddy Inc.

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Suspension of Certain Covenants. (a) If at any time after the Issue Date (i) the Notes have an Investment Grade Rating from both any two of the three Rating Agencies and (ii) no Default has occurred and is continuing under this Indenture, then Indenture (the Parentoccurrence of the events described in the foregoing clauses (i) and (ii) being collectively referred to as a “Covenant Suspension Event”), the Company Issuer and its the Restricted Subsidiaries shall will not be subject to Section 4.07, Section 4.08, Section 4.09, Section 4.10, Section 4.11, Section 4.19, or clause (4) of Section 5.01 hereof 4.10 (the “Suspended CovenantsCovenant”).

Appears in 1 contract

Samples: Indenture (Black Knight, Inc.)

Suspension of Certain Covenants. (a) If at any time after the Issue Date (i) the Notes have an Investment Grade Rating from both any two of the three Rating Agencies and (ii) no Default has occurred and is continuing under this IndentureIndenture (the occurrence of the events described in the foregoing clauses (i) and (ii) being collectively referred to as a “Covenant Suspension Event”), then Parent and the Parent, the Company and its Restricted Subsidiaries shall will not be subject to Section 4.07, Section 4.08, Section 4.09, Section 4.10, Section 4.11, Section 4.19, or 4.15 and clause (4) of Section 5.01 hereof 5.01(a) (the “Suspended Covenants”).

Appears in 1 contract

Samples: SS&C Technologies Holdings Inc

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