Common use of Suspension of Covenants Clause in Contracts

Suspension of Covenants. During any period of time that the Notes have an Investment Grade Rating from both Rating Agencies and no Default has occurred and is continuing, the Partnership and the Restricted Subsidiaries shall not be subject to Sections 4.07, 4.08, 4.09, 4.12, 4.13, 4.17(a)(i) and 5.01(a)(iv)(B) (collectively, the "Suspended Covenants"); provided, however, that if the Partnership and the Restricted Subsidiaries are not subject to the Suspended Covenants for any period of time as a result of this Section 4.20 and, subsequently, either of the Rating Agencies withdraws its ratings or downgrades the ratings assigned to the Notes below the Investment Grade Ratings so that the Notes do not have an Investment Grade Rating from both Rating Agencies, or a Default (other than with respect to the Suspended Covenants) occurs and is continuing, the Issuers and the Restricted Subsidiaries shall thereafter again be subject to the Suspended Covenants, subject to the terms, conditions and obligations set forth in this Indenture (each such date of reinstatement being the "Reinstatement Date"). Compliance with the Suspended Covenants with respect to Restricted Payments made after the Reinstatement Date shall be calculated in accordance with Section 4.08 as though Section 4.08 had been in effect during the entire period of time from which the Notes are issued.

Suspension of Covenants. During any period of time that the Notes have an Investment Grade Rating from both either of the Rating Agencies and no Default has occurred and is continuingcontinuing under this Indenture, the Partnership Company and the its Restricted Subsidiaries shall not be subject to Sections 4.07, 4.08, 4.09, 4.124.10, 4.134.15, 4.17(a)(i4.17, 4.18(b)(i)(A) and 5.01(a)(iv)(B5.01(b)(iv) (collectively, the "Suspended Covenants"); , provided, however, that if the Partnership Company and the its Restricted Subsidiaries are not subject to the Suspended Covenants for any period of time as a result of this Section 4.20 and, subsequently, either of the Rating Agencies withdraws its ratings or downgrades the ratings assigned to the Notes below the Investment Grade Ratings so that the Notes do not have an Investment Grade Rating from both either Rating AgenciesAgency, or a Default (other than with respect to the Suspended Covenants) occurs and is continuing, the Issuers Company and the its Restricted Subsidiaries shall will thereafter again be subject to the Suspended Covenants, subject to the terms, conditions and obligations set forth in this Indenture (each such date of reinstatement being the "Reinstatement Date"), including this Section 4.20. Compliance with the Suspended Covenants with respect to Restricted Payments made after the Reinstatement Date shall will be calculated in accordance with Section 4.08 4.07 as though Section 4.08 4.07 had been in effect during the entire period of time from which the Notes are issuedIssue Date.

Suspension of Covenants. During any period of time that the Notes have an Investment Grade Rating from both Rating Agencies and no Default has occurred and is continuing, the Partnership and the Restricted Subsidiaries shall not be subject to Sections 4.07, 4.08, 4.09, 4.12, 4.13, 4.17(a)(i) and 5.01(a)(iv)(B) (collectively, the "Suspended Covenants"); provided, however, that if the Partnership and the Restricted Subsidiaries are not 61 68 subject to the Suspended Covenants for any period of time as a result of this Section 4.20 and, subsequently, either of the Rating Agencies withdraws its ratings or downgrades the ratings assigned to the Notes below the Investment Grade Ratings so that the Notes do not have an Investment Grade Rating from both Rating Agencies, or a Default (other than with respect to the Suspended Covenants) occurs and is continuing, the Issuers Partnership and the Restricted Subsidiaries shall thereafter again be subject to the Suspended Covenants, subject to the terms, conditions and obligations set forth in this Indenture (each such date of reinstatement being the "Reinstatement Date"). Compliance with the Suspended Covenants with respect to Restricted Payments made after the Reinstatement Date shall be calculated in accordance with Section 4.08 as though Section 4.08 had been in effect during the entire period of time from which the Notes are issued.

Suspension of Covenants. During any period of time that the Notes have an Investment Grade Rating from both Rating Agencies and no Default has occurred and is continuing, the Partnership and the Restricted Subsidiaries shall not be subject to Sections 4.07, 4.08, 4.09, 4.12, 4.13, 4.17(a)(i) and 5.01(a)(iv)(B) (collectively, the "Suspended Covenants"); provided, however, that if the Partnership and the Restricted Subsidiaries are not subject to the Suspended Covenants for any period of time as a result of this Section 4.20 and, subsequently, either of the Rating Agencies withdraws its ratings or downgrades the ratings assigned to the Notes below the Investment Grade Ratings so that the Notes do not have an Investment Grade Rating from both Rating Agencies, or a Default (other than with respect to the Suspended Covenants) occurs and is continuing, the Issuers and the Restricted Subsidiaries shall thereafter again be subject to the Suspended Covenants, subject to the terms, conditions and obligations set forth in this Indenture (each such date of reinstatement being the "Reinstatement Date"). Compliance with the Suspended Covenants with respect to Restricted Payments made after the Reinstatement Date 74 shall be calculated in accordance with Section 4.08 as though Section 4.08 had been in effect during the entire period of time from which the Notes are issued.

Suspension of Covenants. (a) During any period of time that the Notes have an Investment Grade Rating from both either of the Rating Agencies and no Default has occurred and is continuing, the Partnership Company and the its Restricted Subsidiaries shall not be subject to Sections 4.07, 4.08, 4.09, 4.124.10, 4.134.15, 4.17(a)(i4.17, 4.18(a)(i) and 5.01(a)(iv)(B5.01(a)(iv) (collectively, the "Suspended Covenants"); , provided, however, that if the Partnership Company and the its Restricted Subsidiaries are not subject to the Suspended Covenants for any period of time as a result of this Section 4.20 and, subsequently, either of the Rating Agencies withdraws its ratings or downgrades the ratings assigned to the Notes below the Investment Grade Ratings so that the Notes do not have an Investment Grade Rating from both either Rating AgenciesAgency, or a Default (other than with respect to the Suspended Covenants) occurs and is continuing, the Issuers Company and the its Restricted Subsidiaries shall will thereafter again be subject to the Suspended Covenants, subject to the terms, conditions and obligations set forth in this Indenture (each such date of reinstatement being the "Reinstatement Date"). Compliance with the Suspended Covenants with respect to Restricted Payments made after the 63 71 Reinstatement Date shall will be calculated in accordance with Section 4.08 4.07 as though Section 4.08 4.07 had been in effect during the entire period of time from which the Notes are issuedIssue Date.