Covenant Suspension Event definition

Covenant Suspension Event has the meaning assigned to it in Section 3.22(b).

Covenant Suspension Event has the meaning specified in Section 10.18(a) of this Indenture.

Covenant Suspension Event has the meaning set forth in Section 6.14(a).

Examples of Covenant Suspension Event 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.

• Upon the occurrence of a Covenant Suspension Event, the amount of Net Cash Proceeds with respect to any applicable Net Proceeds Offer Trigger Date shall be set at zero at such date (the “Suspension Date”).

• Additionally, upon the occurrence of a Covenant Suspension Event, the amount of Excess Proceeds from any Asset Sales shall be reset to zero.

More Definitions of Covenant Suspension Event

Covenant Suspension Event has the meaning set forth in Section 4.20.

Covenant Suspension Event has the meaning set forth in Article VII.

Covenant Suspension Event has the meaning specified in Section 1018(a) of this Indenture.

Covenant Suspension Event as defined in Section 8.9.

Covenant Suspension Event shall have the meaning specified in Section 4.2(a).

Covenant Suspension Event means the concurrent occurrence of both of the following: (i) the Notes having Investment Grade Ratings from both Rating Agencies, and (ii) no Default having occurred and is continuing under this Indenture.

Covenant Suspension Event has the meaning specified in the last paragraph of Section 5.02.