Common use of Covenant Suspension Clause in Contracts

Covenant Suspension. (a) If on any date following the Issue Date, the Notes have an Investment Grade Rating from two Rating Agencies, and no Default or Event of Default shall have occurred and be continuing, then, upon delivery to the Trustee of an Officer’s Certificate to the foregoing effect, the covenants specifically listed under the following captions in this Indenture will be suspended:

Appears in 2 contracts

Samples: Indenture (Acushnet Holdings Corp.), Indenture (Brinker International, Inc)

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Covenant Suspension. (a) If on any date following the Issue Date, Date (i) the Notes have an Investment Grade Rating from two Rating Agencies, Agencies and (ii) no Default or Event of Default shall have has occurred and be is then continuing, then, upon delivery by the Issuer to the Trustee of an Officer’s Certificate to the foregoing effect, the covenants specifically listed under Issuer and the Restricted Subsidiaries will no longer be subject to the following captions in this Indenture will be suspendedcovenants:

Appears in 2 contracts

Samples: Indenture (PROG Holdings, Inc.), Indenture (Rent a Center Inc De)

Covenant Suspension. (a) If on any date following the Issue Date, Date (i) the Notes have an Investment Grade Rating from two Rating Agencies, Agencies and (ii) no Default or Event of Default shall have has occurred and be is then continuing, then, upon delivery by the Issuer to the Trustee of an Officer’s Officers’ Certificate to the foregoing effect, the covenants specifically listed under Issuer and the Restricted Subsidiaries will no longer be subject to the following captions in this Indenture will be suspendedcovenants:

Appears in 1 contract

Samples: Indenture (Vertiv Holdings Co)

Covenant Suspension. (a) If on any date following the Issue Date, the Notes have an Investment Grade Rating from two Rating Agencies, ; and no Default or Event of Default shall have occurred and be continuing, then, upon delivery to the Trustee of an Officer’s Certificate to the foregoing effect, the covenants specifically listed under set forth in the following captions in sections of this Indenture will be suspended:

Appears in 1 contract

Samples: Papa Johns International Inc

Covenant Suspension. (a) If on any date following the Issue Date, the Notes have an Investment Grade Rating from two Rating Agencies, ; and no Default or Event of Default shall have occurred and be continuing, then, upon delivery to the Trustee of an Officer’s Certificate to the foregoing effect, the covenants specifically listed under the following captions in this Indenture will be suspended:

Appears in 1 contract

Samples: Indenture (Bloomin' Brands, Inc.)

Covenant Suspension. (a) If on During any date period of time following the Issue Date, Date that (i) the Notes have an Investment Grade Rating Ratings from two both Rating Agencies, and (ii) no Default or Event of Default shall have has occurred and is continuing under this Indenture (the occurrence of the events described in the foregoing clauses (i) and (ii) being collectively referred to as a “Covenant Suspension Event”), the Company and its Restricted Subsidiaries will not be continuing, then, upon delivery subject to the Trustee following sections of an Officer’s Certificate to the foregoing effect, the covenants specifically listed under the following captions in this Indenture will be suspendedIndenture:

Appears in 1 contract

Samples: Indenture (Platform Specialty Products Corp)

Covenant Suspension. (a) If on any date following the Issue Date, Date (i) the Notes have an Investment Grade Rating from two Rating Agencies, Agencies and (ii) no Default or Event of Default shall have has occurred and be is then continuing, then, upon delivery by the Company to the Trustee of an Officer’s Certificate to the foregoing effect, the covenants specifically listed under Company and the Restricted Subsidiaries will no longer be subject to the following captions in this Indenture will be suspendedcovenants:

Appears in 1 contract

Samples: Indenture (Cars.com Inc.)

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Covenant Suspension. (a) If on any date following the Issue Date, the Notes have an Investment Grade Rating from two Rating Agencies, Agencies and no Default or Event of Default shall have has occurred and be is then continuing, then, then upon delivery by the Company to the Trustee of an Officer’s Officers’ Certificate to the foregoing effect, the covenants specifically listed under Company and the Restricted Subsidiaries will no longer be subject to the following captions in this Indenture will be suspendedcovenants:

Appears in 1 contract

Samples: Indenture (Unisys Corp)

Covenant Suspension. (a) If on any date following the Issue Date, Date (i) the Notes have an Investment Grade Rating from two Rating Agencies, Agencies and (ii) no Default or Event of Default shall have has occurred and be is then continuing, then, upon delivery by the Company to the Trustee of an Officer’s Certificate to the foregoing effect, the covenants specifically listed under Company and the Restricted Subsidiaries will no longer be subject to the following captions in this Indenture will be suspendedcovenants:

Appears in 1 contract

Samples: Indenture (SYNAPTICS Inc)

Covenant Suspension. (a) If on any date following the Issue Date, Date the Notes have an Investment Grade Rating from two both Rating Agencies, Agencies and no Default or Event of Default shall have has occurred and be continuingis continuing under the Base Indenture and this Supplemental Indenture, then, upon delivery then beginning on that day and subject to the Trustee provisions of an Officer’s Certificate to the foregoing effectfollowing paragraph, the covenants provisions specifically listed under the following captions Sections in this Supplemental Indenture will be suspended:

Appears in 1 contract

Samples: First Supplemental Indenture (Scotts Miracle-Gro Co)

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