Covenant Suspension means, during any period of time following the issuance of the Notes, that (i) the Notes have achieved Investment Grade Status, and (ii) no Default or Event of Default has occurred and is continuing under this Indenture.
Covenant Suspension means, during any period of time following the issuance of the Notes, that (i) the Notes have achieved Investment Grade Status and (ii) no Default or Event of Default has occurred and is continuing under this Indenture.
Covenant Suspension has the meaning specified in Section 8.01(b).
Examples of Covenant Suspension in a sentence
References to “Permitted Debt” in this definition shall continue to apply after delivery of a Covenant Suspension Event Notice pursuant to a Covenant Suspension Event.
During the Covenant Suspension Period, on or before the fifth Business Day after the end of each fiscal quarter, commencing July 8, 2020, the Borrower shall deliver to the Administrative Agent a certificate of an appropriate Responsible Officer of the Borrower certifying as to Cash Liquidity as of the last Business Day of such immediately preceding fiscal quarter.
More Definitions of Covenant Suspension
Covenant Suspension means, during any period of time following the issuance of the Notes, that (i) the Notes have Investment Grade Ratings from both Rating Agencies and (ii) no Default has occurred and is continuing under this Indenture.
Covenant Suspension has the meaning specified in Section 10.21(a).
Covenant Suspension has the meaning specified in Section 10.20(a).
Covenant Suspension has the meaning specified in Section 1021.
Covenant Suspension means the first day following the issuance of the Notes, that (i) the Notes are rated Investment Grade, and (ii) no Default or Event of Default has occurred and is continuing under this Indenture until any Reversion Date.
Covenant Suspension means, during any period of time following the issuance of the Notes, that (i) the Notes have achieved Investment Grade Status, and (ii) no Default or Event of Default has occurred and is continuing under this Indenture. “Credit Agreement” means the Credit Agreement to be entered into by and among the Company, the guar- antors from time to time party thereto, Royal Bank of Canada, as administrative agent and collateral agent, and each lender from time to time party thereto, together with the related documents thereto (including the revolving loans thereunder, any letters of credit and reimbursement obligations related thereto, any Guarantees and security docu- ments), as amended, extended, renewed, restated, refunded, replaced, refinanced, supplemented, modified or other- wise changed (in whole or in part, and without limitation as to amount, terms, conditions, covenants and other provi- sions) from time to time, and any one or more agreements (and related documents) governing Indebtedness, includ- ing indentures, incurred to refinance, substitute, supplement, replace or add to (including increasing the amount available for borrowing or adding or removing any Person as a borrower, Company or guarantor thereunder, in whole or in part), the borrowings and commitments then outstanding or permitted to be outstanding under such Credit Agreement or one or more successors to the Credit Agreement or one or more new credit agreements. “Credit Facility” means, with respect to the Company or any of its Subsidiaries, one or more debt facilities, indentures or other arrangements (including the Credit Agreement or commercial paper facilities and overdraft facil- ities) with banks, other financial institutions or investors providing for revolving credit loans, term loans, notes, re- ceivables financing (including through the sale of receivables to such institutions or to special purpose entities formed to borrow from such institutions against such receivables), letters of credit or other Indebtedness, in each
Covenant Suspension. Upon attainment of and for so long as the Issuer maintains a corporate investment grade credit rating from both Standard & Poor’s and Xxxxx’x. For the avoidance of doubt, if at any time after obtaining an investment grade credit rating the Issuer’s corporate credit rating falls below investment grade, then the covenants shall be fully reinstated.