Suspension Period definition
Examples of Suspension Period in a sentence
The requirements of Section 4.11(a) shall resume as of the end of any Reporting Suspension Period, but no Default or Event of Default shall be deemed to have occurred or be continuing due to noncompliance during any Reporting Suspension Period with the requirements of Section 4.11(a).
All other provisions of this Indenture shall apply at all times during any Suspension Period so long as any Notes remain outstanding hereunder; provided that the Interest Coverage Ratio that will be applicable under Section 4.09(c) during any Suspension Period will be 1.50 to 1.00.
Except during an Investment Grade Suspension Period, permit, on the last day of any fiscal quarter beginning with September 30, 2026, the Interest Coverage Ratio for the four consecutive fiscal quarters of the Borrower ending with such fiscal quarter end date to be less than 2.50:1.00.
During an Investment Grade Suspension Period, the covenants that are not Suspended Covenants shall be interpreted as though the Suspended Covenants (other than Section 6.2) continue to be applicable during such Suspension Period.
During a Suspension Period, Parent, the Issuers and the Restricted Subsidiaries will not be subject to Section 4.07, Section 4.08, Section 4.10, Section 4.11, Section 4.14, Section 4.15 and Section 5.01(a)(iii) (each a “Suspended Covenant”).