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. In the event that each of the Rating Categories assigned to the Notes by the Rating Agencies is Investment Grade, the obligations under the covenants contained in Sections 4.07, 4.08, 4.10, 4.11, 4.14, 4.15 and 4.16 hereof shall cease to apply to the Company in the event, and only for so long as, the Notes are rated Investment Grade and no Default or Event of Default has occurred and is continuing.

Termination of Certain Covenants in Event of Investment Grade Rating. In the event that each of the Rating Categories assigned to the Notes by the Rating Agencies is Investment Grade, the obligations under the covenants contained in Sections 4.07, 4.08, 4.10, 4.11, 4.14, 4.15 and 4.16 hereof shall cease to apply to the Company in the event, and only for For so long as, the Notes are rated Investment Grade and as no Default or Event of Default has occurred and is continuing, after either of the Rating Agencies assigns to the Securities an Investment Grade Rating, and notwithstanding that the Securities may later cease to have an Investment Grade Rating, the Company and its Restricted Subsidiaries will not be subject to Sections 4.04, 4.05, 4.08, 4.09, 4.13 and clause (d)(iv) of Section 5.01.

Termination of Certain Covenants in Event of Investment Grade Rating. In the event that each of the Rating Categories assigned to the Notes by the Rating Agencies is Investment Grade, the obligations under the covenants contained in Sections 4.07, 4.08, 4.10, 4.11, 4.144.12, 4.15 4.13, 4.16, 4.17 and 4.16 4.18 hereof shall cease to apply to the Company in the event, and only for so long as, the Notes are rated Investment Grade and no Default or Event of Default has occurred and is continuing.