Ratings Trigger Sample Clauses
Ratings Trigger. (1) Notwithstanding anything to the contrary in this Agreement or any other Finance Document, during the period (if any) that a Release Condition (as defined in paragraph (d) below) is satisfied:
(i) the following obligations and restrictions shall be suspended and shall not apply:
(A) the requirement to make mandatory prepayments under Clause 10.5 (Mandatory prepayment from disposal proceeds);
(B) the restrictions under Clause 19.11 (Disposals);
(C) the provisions of Clause 19.12 (Acquisitions and mergers);
(D) the provisions of Clause 19.13 (Restrictions on Financial Indebtedness);
(E) the provisions of Clause 19.14 (Restricted Payments);
(F) the provisions of Clause 19.15 (Loans and guarantees);
(G) the provisions of Clause 19.16 (Environmental matters);
(H) the restrictions under Clause 19.17 (Insurance);
(I) the restrictions under Clause 19.18 (Intellectual Property Rights);
(J) the restrictions under Clause 19.19 (Share capital);
(K) the restrictions under Clause 19.20 (Priority);
(L) the restrictions under Clause 19.21 (Share security);
(M) the restrictions under Clause 19.22 (Shareholder Loans);
(N) the restrictions under Clause 19.23 (Further security over receivables);
Ratings Trigger. Unless substantially similar provisions are incorporated in the Guarantee or other Loan Documents on terms reasonably satisfactory to the Administrative Agent, the Borrower shall not permit the Guarantor to enter into or amend, modify or supplement any Equity Funding Arrangement (as such term is defined in the Guarantee) of the Guarantor that causes the Guarantor to become liable, or modifies the terms under which the Guarantor becomes liable, thereunder upon a downgrade of the Guarantor's credit rating by any credit rating agency which would result in such Equity Funding Arrangement or document evidencing Indebtedness to be materially more favorable to the lenders and/or investors or beneficiaries thereunder than the Guarantee is to the Lenders."
1.6 Section 8.1 shall be amended by deleting clause (d) thereof in its entirety and replacing it with the following: