Examples of Covenant Defeasance in a sentence
Such Defeasance or Covenant Defeasance shall not result in a breach or violation of, or constitute a default under, any other agreement or instrument to which the Company is a party or by which it is bound.
Section 8.01 Option to Effect Legal Defeasance or Covenant Defeasance.
The Company may exercise its Legal Defeasance option notwithstanding its prior exercise of its Covenant Defeasance option.
The Company shall have delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that all conditions precedent with respect to such Defeasance or Covenant Defeasance have been complied with.
The Company shall have delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel, each stating that all conditions precedent with respect to such Defeasance or Covenant Defeasance have been complied with.