Limitations on Restricted Payments. (a) Until the Notes are rated Investment Grade by both Rating Agencies (after which time the following covenant will no longer be in effect), the Company will not, and will not cause or permit any Restricted Subsidiary to, directly or indirectly, make any Restricted Payment unless:
Appears in 12 contracts
Samples: Nineteenth Supplemental Indenture (Horton D R Inc /De/), Sixteenth Supplemental Indenture (Horton D R Inc /De/), Indenture (Horton D R Inc /De/)
Limitations on Restricted Payments. (a) Until the Notes are rated Investment Grade by both Rating Agencies (Agencies, after which time the following covenant will no longer shall be in effect), binding on the Company will not, and will not cause or permit any Restricted Subsidiary to, directly or indirectly, make any Restricted Payment unlessSubsidiary:
Appears in 8 contracts
Samples: Indenture (NVR Inc), First Supplemental Indenture (NVR Inc), Second Supplemental Indenture (NVR Inc)
