Suspension of Covenants. (a) The following covenants (the “Suspended Covenants”) will not apply during any period during which the Notes have an Investment Grade Status (a “Suspension Period”): Section 4.07, Section 4.08, Section 4.09, Section 4.10, Section 4.11, Section 5.01(a)(3) and Section 4.17. Additionally, during any Suspension Period, the Company will not be permitted to designate any Restricted Subsidiary as an Unrestricted Subsidiary.
Appears in 8 contracts
Samples: Supplemental Indenture (Melco Resorts & Entertainment LTD), Supplemental Indenture (Melco Resorts & Entertainment LTD), Supplemental Indenture (Melco Resorts & Entertainment LTD)
Suspension of Covenants. (a) The following covenants (the “Suspended Covenants”) will not apply during any period during which the Notes have an Investment Grade Status (a “Suspension Period”): Section 4.07, Section 4.08, Section 4.09, Section 4.10, Section 4.11, with respect to the Parent Guarantor and the Company Section 5.01(a)(3) ), Section 4.17 and Section 4.174.21. Additionally, during any Suspension Period, neither the Parent Guarantor nor the Company will not be permitted to designate any Restricted Subsidiary as an Unrestricted Subsidiary.
Appears in 6 contracts
Samples: Supplemental Indenture (STUDIO CITY INTERNATIONAL HOLDINGS LTD), Supplemental Indenture (STUDIO CITY INTERNATIONAL HOLDINGS LTD), Indenture (STUDIO CITY INTERNATIONAL HOLDINGS LTD)
Suspension of Covenants. (a) The following covenants (the “Suspended Covenants”) will not apply during any period during which the Notes have an Investment Grade Status (a “Suspension Period”): Section 4.07, Section 4.08, Section 4.09, Section 4.10, Section 4.11, Section 5.01(a)(3) ), and Section 4.17. Additionally, during any Suspension Period, the Company will not no longer be permitted to designate any Restricted Subsidiary as an Unrestricted Subsidiary.
Appears in 2 contracts
Samples: Db Trustees (STUDIO CITY INTERNATIONAL HOLDINGS LTD), Db Trustees (Melco Crown Entertainment LTD)
Suspension of Covenants. (a) The following covenants (the “Suspended Covenants”) will not apply during any period during which the Notes have an Investment Grade Status (a “Suspension Period”): Section 4.07, Section 4.08, Section 4.09, Section 4.10, Section 4.114.12, with respect to the Parent Guarantor and the Company Section 5.01(a)(3), Section 5.01(a)(3) 4.19 and Section 4.174.23. Additionally, during any Suspension Period, the Company Parent Guarantor will not be permitted to designate any Restricted Subsidiary as an Unrestricted Subsidiary.
Appears in 2 contracts
Samples: Indenture (STUDIO CITY INTERNATIONAL HOLDINGS LTD), Indenture (Melco Resorts & Entertainment LTD)
