Collateral Suspension Period definition

Collateral Suspension Period means each period commencing on the Collateral Suspension Date with respect to such period and ending on any Collateral Reinstatement Date occurring after such Collateral Suspension Date.

Collateral Suspension Period shall have the meaning provided in Section 9.17(c).

Collateral Suspension Period means any period (a) starting on the date on which (i) no Default has occurred and is continuing, (ii) the Borrower has an Investment Grade Rating from each of the Rating Agencies and (iii) a Responsible Officer of the Borrower has delivered a certificate to the Administrative Agent stating that the forgoing conditions are satisfied and requesting that a Collateral Suspension Period commence and (b) ending on the date the Borrower ceased to have an Investment Grade Rating from either of the Rating Agencies.

Examples of Collateral Suspension Period in a sentence

• Notwithstanding any other provision of this Agreement or of any other Loan Document, the Parent Borrower does not and shall not make any representation or warranty under this Section 5.14 during, or relating to, any Collateral Suspension Period.

• In addition, the Administrative Agent agrees to take such actions as are reasonably requested by the Borrower and at the Borrower’s expense to terminate the Liens and security interests created by the Loan Documents during a Collateral Suspension Period.

• During any Collateral Suspension Period, the terms and conditions of the Collateral Documents, including all covenants and representations and warranties contained therein, shall not apply to the Loan Parties.

• Notwithstanding the foregoing, neither the Borrower nor any subsidiary shall be required to comply with the provisions of clauses (b)(ii) or (iii) of this Section 5.11 during any Collateral Suspension Period.

• Notwithstanding the foregoing, neither the Borrower nor any Subsidiary shall be required to comply with the provisions of clauses (b)(ii), (iii) or (iv) of this Section 6.14 during any Collateral Suspension Period.

More Definitions of Collateral Suspension Period

Collateral Suspension Period the period of time commencing on the Collateral Suspension Date and ending on the Collateral Reinstatement Date.

Collateral Suspension Period means a period of time commencing on any Optional Release Date and ending immediately upon the occurrence of any Collateral Re-Pledge Date.

Collateral Suspension Period means the period commencing on a Collateral Suspension Date and ending upon the occurrence of a Collateral Suspension Reversion Date.

Collateral Suspension Period is defined in Section 1.6.

Collateral Suspension Period. Notwithstanding the occurrence of a Collateral Reversion Date, (i) no Default, Event of Default or breach of any kind will be deemed to exist or have occurred as a result of any failure by the Borrower or any Restricted Subsidiary to comply with the Collateral Suspension Provisions or any Security Document during any Collateral Suspension Period (or upon termination of any Collateral Suspension Period or thereafter, as a result of or arising out of actions taken or not taken or events that occurred during any Collateral Suspension Period) and (ii) following a Collateral Reversion Date, the Borrower and any Restricted Subsidiary will be permitted, without causing a Default, Event of Default or breach of any kind, to honor, comply with or otherwise perform any contractual commitments or obligations arising prior to such Collateral Reversion Date and to consummate the transactions contemplated thereby, and shall have no liability for any actions taken or not taken or events that occurred during the Collateral Suspension Period, or for any actions taken or not taken or events occurring at any time, in each case with respect to clauses (i) and (ii), pursuant to any such commitment or obligation so long as such commitment or obligation was otherwise permitted pursuant to this Agreement and the other Credit Documents.

Collateral Suspension Period means the period of time beginning upon the occurrence of a Ratings Upgrade and ending upon the occurrence of a Ratings Downgrade.

Collateral Suspension Period has the meaning set forth in ‎Section 5.22.