Common use of Termination of Certain Covenants in Event of Investment Grade Rating Clause in Contracts

Termination of Certain Covenants in Event of Investment Grade Rating. If at any time (the “Termination Date”) that (a) the Notes issued under this Indenture have Investment Grade Ratings from both Rating Agencies and (b) no Default or Event of Default has occurred and is continuing under this Indenture, Parent and its Restricted Subsidiaries shall no longer be subject to the following provisions of this Indenture:

Appears in 4 contracts

Samples: Crown Holdings Inc, Crown Holdings Inc, Crown Holdings Inc

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Termination of Certain Covenants in Event of Investment Grade Rating. If at any time (the “Termination Date”) that (a) the Notes issued under this Indenture have Investment Grade Ratings from both Rating Agencies and (b) no Default or Event of Default has occurred and is continuing under this Indenture, Parent and its Restricted Subsidiaries shall no longer be subject to the following provisions of this Indenture:

Appears in 2 contracts

Samples: Crown Holdings Inc, Crown Holdings Inc

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