Common use of Suspended Covenants Clause in Contracts

Suspended Covenants. (a) During any period of time that (i) the Notes have Investment Grade Ratings from both Rating Agencies, and (ii) no Default has occurred and is continuing under this Indenture (the occurrence of the events set forth in the foregoing clauses (i) and (ii) being collectively referred to as a “Covenant Suspension Event”) then, the covenants in Sections 1010, 1011, 1012, 1013, 1014, 1016, 1017, 1018, 1019 and 1020 of this Supplemental Indenture as well as Section 801(3) and Section 803(3) of this Supplemental Indenture will not be applicable to the Notes (collectively, the “Suspended Covenants”).

Appears in 2 contracts

Samples: Supplemental Indenture (Terex Corp), Supplemental Indenture (Terex Corp)

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Suspended Covenants. (a) During any period of time that (i) the Notes have Investment Grade Ratings from both Rating Agencies, and (ii) no Default has occurred and is continuing under this Indenture (the occurrence of the events set forth in the foregoing clauses (i) and (ii) being collectively referred to as a “Covenant Suspension Event”) then, the covenants in Sections 10101024, 10111025, 10121026, 10131027, 10141028, 10161030, 1017, 1018, 1019 1032 and 1020 1033 of this Third Supplemental Indenture as well as Section 801(3) and Section 803(3) of this Third Supplemental Indenture will not be applicable to the Notes (collectively, the “Suspended Covenants”).

Appears in 1 contract

Samples: Third Supplemental Indenture (Terex Corp)

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Suspended Covenants. (a) During any period of time that (i) the Notes have Investment Grade Ratings from both Rating Agencies, and (ii) no Default has occurred and is continuing under this Indenture (the occurrence of the events set forth in the foregoing clauses (i) and (ii) being collectively referred to as a “Covenant Suspension Event”) then, the covenants in Sections 10101036, 10111037, 10121038, 10131039, 10141040, 10161042, 10171043, 1018, 1019 1044 and 1020 1045 of this Fourth Supplemental Indenture as well as Section 801(3) and Section 803(3) of this Fourth Supplemental Indenture will not be applicable to the Notes (collectively, the “Suspended Covenants”).

Appears in 1 contract

Samples: Fourth Supplemental Indenture (Terex Corp)

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