Examples of Investment Grade Event in a sentence
The provisions of Section 4.08 of the Indenture shall permanently terminate upon the occurrence of an Investment Grade Event, and the occurrence of a Change of Control following an Investment Grade Event shall not result in a requirement for the Company to make a Change of Control Offer.
Collateral will be released from the Lien and security interest securing the Securities of a Series created by the Note Security Documents upon the occurrence of an Investment Grade Event and delivery to the Trustee of an Officer’s Certificate certifying such occurrence.
The provisions of Section 4.07 of the Indenture shall permanently terminate upon the occurrence of an Investment Grade Event, and the occurrence of a Change of Control following an Investment Grade Event shall not result in a requirement for the Company to make a Change of Control Offer.
Prior to the occurrence or after the cessation of an Investment Grade Event, change the fiscal year of the Borrower; provided, that the Borrower may, upon written notice to the Administrative Agent, change its fiscal year to any other fiscal year reasonably acceptable to the Administrative Agent, in which case, the Borrower and the Administrative Agent will, and are hereby authorized by the Lenders to, make any adjustments to this Agreement that are necessary to reflect such change in fiscal year.
Notwithstanding anything to the contrary herein, upon the occurrence of an Investment Grade Event and at all times thereafter, Sections 3.06, 3.07, 3.15, 3.17, 3.18 and 3.19(b) (except as expressly set forth therein) shall no longer be of any force and effect.