Covenant Suspension means, during any period of time following the issuance of the Notes, that (i) the Notes have achieved Investment Grade Status, and (ii) no Default or Event of Default has occurred and is continuing under this Indenture.
Covenant Suspension means, during any period of time following the issuance of the Notes, that (i) the Notes have achieved an Investment Grade Rating, and (ii) no Default or Event of Default has occurred and is continuing under this Indenture.
Covenant Suspension has the meaning specified in Section 8.01(b).
Examples of Covenant Suspension in a sentence
Additionally, upon the occurrence of a Covenant Suspension Event, the amount of Excess Proceeds from Net Proceeds shall be reset to zero.
The period of time between the Covenant Suspension Event and the Reversion Date is referred to herein as the “Suspension Period”.
The Issuer shall provide an Officer’s Certificate to the Trustee indicating the occurrence of any Covenant Suspension Event or Reversion Date.
A general example of the stretch reflex is the knee’s shock reaction when the doctor taps on the patella tendon with a rubber-hammer.
The Trustee shall not have any obligation to monitor the occurrence or dates of any Covenant Suspension Event or Reversion Date and may rely conclusively on such Officer’s Certificate.
More Definitions of Covenant Suspension
Covenant Suspension means, during any period of time following the issuance of the Notes, that (i) the Notes have Investment Grade Ratings from both Rating Agencies and (ii) no Default has occurred and is continuing under this Indenture.
Covenant Suspension means the first day following the issuance of the Notes, that (i) the Notes are rated Investment Grade, and (ii) no Default or Event of Default has occurred and is continuing under this Indenture until any Reversion Date.
Covenant Suspension has the meaning specified in Section 10.20(a).
Covenant Suspension has the meaning specified in Section 10.21(a).
Covenant Suspension has the meaning specified in Section 1021.
Covenant Suspension. Upon attainment of and for so long as the Issuer maintains a corporate investment grade credit rating from both Standard & Poor’s and Xxxxx’x. For the avoidance of doubt, if at any time after obtaining an investment grade credit rating the Issuer’s corporate credit rating falls below investment grade, then the covenants shall be fully reinstated.
Covenant Suspension means, during any period of time following the issuance of the Notes, that (i) the Notes have achieved Investment Grade Status, and (ii) no Default or Event of Default has occurred and is continuing under this Indenture. “Credit Agreement” means the Credit Agreement to be entered into by and among the Company, the guar- antors from time to time party thereto, Royal Bank of Canada, as administrative agent and collateral agent, and each lender from time to time party thereto, together with the related documents thereto (including the revolving loans thereunder, any letters of credit and reimbursement obligations related thereto, any Guarantees and security docu- ments), as amended, extended, renewed, restated, refunded, replaced, refinanced, supplemented, modified or other- wise changed (in whole or in part, and without limitation as to amount, terms, conditions, covenants and other provi- sions) from time to time, and any one or more agreements (and related documents) governing Indebtedness, includ- ing indentures, incurred to refinance, substitute, supplement, replace or add to (including increasing the amount available for borrowing or adding or removing any Person as a borrower, Company or guarantor thereunder, in whole or in part), the borrowings and commitments then outstanding or permitted to be outstanding under such Credit Agreement or one or more successors to the Credit Agreement or one or more new credit agreements. “Credit Facility” means, with respect to the Company or any of its Subsidiaries, one or more debt facilities, indentures or other arrangements (including the Credit Agreement or commercial paper facilities and overdraft facil- ities) with banks, other financial institutions or investors providing for revolving credit loans, term loans, notes, re- ceivables financing (including through the sale of receivables to such institutions or to special purpose entities formed to borrow from such institutions against such receivables), letters of credit or other Indebtedness, in each