Common use of Investment Grade Rating Clause in Contracts

Investment Grade Rating. Notwithstanding the foregoing provisions of this Article Seven, if the 2023 Notes receive an Investment Grade Rating by both of the Rating Agencies, and notwithstanding that the 2023 Notes may later cease to have an Investment Grade Rating by either of the Rating Agencies, the Company will be released from its obligation to make a Change of Control Offer upon a Change of Control Triggering Event. ARTICLE EIGHT

Appears in 1 contract

Samples: Indenture (SPRINT Corp)

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Investment Grade Rating. Notwithstanding the foregoing provisions of this Article Seven, if the 2023 2028 Guaranteed Notes receive an Investment Grade Rating by both of the Rating Agencies, and notwithstanding that the 2023 2028 Guaranteed Notes may later cease to have an Investment Grade Rating by either of the Rating Agencies, the Company will be released from its obligation to make a Change of Control Offer upon a Change of Control Triggering Event. ARTICLE EIGHT

Appears in 1 contract

Samples: Indenture (SPRINT Corp)

Investment Grade Rating. Notwithstanding the foregoing provisions of this Article Seven, if the 2023 2024 Notes receive an Investment Grade Rating by both of the Rating Agencies, and notwithstanding that the 2023 2024 Notes may later cease to have an Investment Grade Rating by either of the Rating Agencies, the Company will be released from its obligation to make a Change of Control Offer upon a Change of Control Triggering Event. ARTICLE EIGHT

Appears in 1 contract

Samples: Indenture (SPRINT Corp)

Investment Grade Rating. Notwithstanding the foregoing provisions of this Article Seven, if the 2023 2025 Notes receive an Investment Grade Rating by both of the Rating Agencies, and notwithstanding that the 2023 2025 Notes may later cease to have an Investment Grade Rating by either of the Rating Agencies, the Company will be released from its obligation to make a Change of Control Offer upon a Change of Control Triggering Event. ARTICLE EIGHT

Appears in 1 contract

Samples: Fourth Supplemental Indenture (SPRINT Corp)

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Investment Grade Rating. Notwithstanding the foregoing provisions of this Article Seven, if the 2023 2021 Notes receive an Investment Grade Rating by both of the Rating Agencies, and notwithstanding that the 2023 2021 Notes may later cease to have an Investment Grade Rating by either of the Rating Agencies, the Company will be released from its obligation to make a Change of Control Offer upon a Change of Control Triggering Event. ARTICLE EIGHT

Appears in 1 contract

Samples: First Supplemental Indenture (SPRINT Corp)

Investment Grade Rating. Notwithstanding the foregoing provisions of this Article Seven, if the 2023 2026 Notes receive an Investment Grade Rating by both of the Rating Agencies, and notwithstanding that the 2023 2026 Notes may later cease to have an Investment Grade Rating by either of the Rating Agencies, the Company will be released from its obligation to make a Change of Control Offer upon a Change of Control Triggering Event. ARTICLE EIGHT

Appears in 1 contract

Samples: Indenture (SPRINT Corp)

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