Common use of Company’s Option to Effect Defeasance or Covenant Defeasance Clause in Contracts

Company’s Option to Effect Defeasance or Covenant Defeasance. The Company may elect, at its option at any time, to have Section 12.02 or Section 12.03 applied to the Outstanding Securities (as a whole and not in part) upon compliance with the conditions set forth below in this Article. Any such election shall be evidenced by a Board Resolution.

Appears in 13 contracts

Samples: Indenture (United Rentals Gulf Inc), Indenture (United Rentals Inc /De), Indenture (United Rentals Inc /De)

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Company’s Option to Effect Defeasance or Covenant Defeasance. The Company may elect, at its option at any time, to have Section 12.02 1402 or Section 12.03 1403 applied to the Outstanding Securities (as a whole and not in part) Notes, upon compliance with the conditions set forth below in this Article. Any such election shall be evidenced by in or pursuant to a Board ResolutionResolution delivered to the Trustee.

Appears in 11 contracts

Samples: Fourteenth Supplemental Indenture (Concho Resources Inc), Supplemental Indenture (Concho Resources Inc), Supplemental Indenture (Concho Resources Inc)

Company’s Option to Effect Defeasance or Covenant Defeasance. The Company may elect, at its option at any time, to have Section 12.02 12.2 or Section 12.03 12.3 applied to the Outstanding Securities (as a whole and not in part) upon compliance with the conditions set forth below in this Article. Any such election shall be evidenced by a Board Resolution.

Appears in 11 contracts

Samples: Indenture (Integrated Electrical Services Inc), Indenture (United Rentals North America Inc), Indenture (Wyne Systems Inc)

Company’s Option to Effect Defeasance or Covenant Defeasance. The Company may electmay, at its option by Board Resolution, at any time, with respect to the Securities, elect to have either Section 12.02 12.2 or Section 12.03 12.3 hereof be applied to the all Outstanding Securities (as a whole and not in part) upon compliance with the conditions set forth below in this Article. Any such election shall be evidenced by a Board ResolutionArticle XII.

Appears in 9 contracts

Samples: Supplemental Indenture (KCS Energy Inc), Pledge and Security Agreement (Willcox & Gibbs Inc /De), Indenture (KCS Medallion Resources Inc)

Company’s Option to Effect Defeasance or Covenant Defeasance. The Company may electmay, at its option by Board Resolution, at any time, with respect to the Securities, elect to have either Section 12.02 11.2 or Section 12.03 11.3 hereof be applied to the all Outstanding Securities (as a whole and not in part) upon compliance with the conditions set forth below in this Article. Any such election shall be evidenced by a Board ResolutionArticle XI.

Appears in 8 contracts

Samples: Indenture (Xto Energy Inc), Indenture (Comstock Resources Inc), Pogo Producing Co

Company’s Option to Effect Defeasance or Covenant Defeasance. The Company may elect, at its option by Board Resolution, at any time, elect to have either Section 12.02 15.02 or Section 12.03 15.03 applied to the Outstanding Securities (as a whole and not in part) upon compliance with the conditions set forth below in this Article. Any such election shall be evidenced by a Board ResolutionArticle XV.

Appears in 8 contracts

Samples: Indenture (Seacor Holdings Inc), Indenture (Affymetrix Inc), Indenture (Human Genome Sciences Inc)

Company’s Option to Effect Defeasance or Covenant Defeasance. The Company may elect, at its option at any time, to have Section 12.02 14.02 or Section 12.03 14.03 applied to the Outstanding any Securities (as a whole and not in part) upon compliance with the conditions set forth below in this Article. Any such election shall be evidenced by a Board Resolution.

Appears in 6 contracts

Samples: Subordinated Indenture (Lincoln National Corp), Subordinated Indenture (Lincoln National Corp), Subordinated Indenture (Gsi Commerce Inc)

Company’s Option to Effect Defeasance or Covenant Defeasance. The Company may elect, at its option at any time, to have Section 12.02 1202 or Section 12.03 1203 applied to the Outstanding any Securities (as a whole and not in part) upon compliance with the conditions set forth below in this Article. Any such election shall be evidenced by a Board Resolution.

Appears in 6 contracts

Samples: Third Point (Third Point Reinsurance Ltd.), Third Point (Third Point Re (USA) Holding Inc.), Gogo Inc.

Company’s Option to Effect Defeasance or Covenant Defeasance. The Company may elect, at its option at any time, to have Section 12.02 1302 or Section 12.03 1303 applied to the Outstanding any Securities (as a whole and not in part) upon compliance with the conditions set forth below in this Article. Any such election shall be evidenced by a Board Resolution.

Appears in 6 contracts

Samples: Fisher Scientific International Inc, Phoenix Companies Inc/De, Principal Financial Group Inc

Company’s Option to Effect Defeasance or Covenant Defeasance. The Company may elect, at its option at any time, to have Section 12.02 or Section 12.03 applied to any series of the Outstanding Securities (as a whole and not in part) upon compliance with the conditions set forth below in this Article. Any such election shall be evidenced by a Board Resolution.

Appears in 5 contracts

Samples: Avon Products Inc, Indenture (Avon Products Inc), Indenture (Retirement Inns of America, Inc.)

Company’s Option to Effect Defeasance or Covenant Defeasance. The Company may elect, at its option at any time, to have Section 12.02 1402 or Section 12.03 1403 applied to the Outstanding any Securities (as a whole and not in part) upon compliance with the conditions set forth below in this Article. Any such election shall be evidenced by a Board Resolution.

Appears in 4 contracts

Samples: Principal Financial (Principal Financial Services Inc), Principal Financial (Principal Financial Group Inc), Principal Financial (Principal Financial Group Inc)

Company’s Option to Effect Defeasance or Covenant Defeasance. The Company may elect, at its option option, at any time, to have Section 12.02 9.02 or Section 12.03 9.03 hereof applied to the Outstanding outstanding Securities (as a in whole and not in part) upon compliance with the conditions set forth below in this Article. Any Article 9, such election shall to be evidenced by a Board ResolutionResolution delivered to the Trustee.

Appears in 4 contracts

Samples: Supplemental Indenture (Grey Wolf Inc), Nabors Industries Inc, Trend Drilling Co

Company’s Option to Effect Defeasance or Covenant Defeasance. The Company may elect, at its option at any time, to have Section 12.02 13.02 or Section 12.03 13.03 applied to the Outstanding any Securities (as a whole and not in part) upon compliance with the conditions set forth below in this Article. Any such election shall be evidenced by a Board Resolution.

Appears in 4 contracts

Samples: Senior Indenture (Lincoln National Corp), Senior Indenture (Gsi Commerce Inc), Senior Indenture (Knoll Inc)

Company’s Option to Effect Defeasance or Covenant Defeasance. The Company may elect, at its option by Board Resolution, at any time, elect to have either Section 12.02 or Section 12.03 applied to the Outstanding Securities (as a whole and not in part) upon compliance with the conditions set forth below in this Article. Any such election shall be evidenced by a Board ResolutionArticle XII.

Appears in 4 contracts

Samples: Texas Unwired, Texas Unwired, Indenture (Rural Cellular Corp)

Company’s Option to Effect Defeasance or Covenant Defeasance. The Company may elect, at its option by Board Resolution, at any time, elect to have either Section 12.02 13.02 or Section 12.03 13.03 applied to the Outstanding Securities (as a whole and not in part) upon compliance with the conditions set forth below in this Article. Any such election shall be evidenced by a Board ResolutionArticle Thirteen.

Appears in 4 contracts

Samples: Satisfaction And (Clark Refining & Marketing Inc), Indenture (Clark Refining & Marketing Inc), Indenture (Clark Usa Inc /De/)

Company’s Option to Effect Defeasance or Covenant Defeasance. The Company may elect, at its option at any time, to have Section 12.02 1402 or Section 12.03 1403 applied to the Outstanding Securities (as a whole and not in part) Notes, upon compliance with the conditions set forth below in this Article. Any such election shall be evidenced by in a Board ResolutionResolution set forth in an Officers’ Certificate delivered to the Trustee.

Appears in 3 contracts

Samples: Supplemental Indenture (Approach Resources Inc), Supplemental Indenture (Oasis Petroleum Inc.), First Supplemental Indenture (Oasis Petroleum Inc.)

Company’s Option to Effect Defeasance or Covenant Defeasance. The Company may elect, at its option by Board Resolution, at any time, elect to have either Section 12.02 12.2 or Section 12.03 12.3 applied to the Outstanding Securities (as a whole and not in part) upon compliance with the conditions set forth below in this Article. Any such election shall be evidenced by a Board ResolutionArticle Twelve.

Appears in 3 contracts

Samples: Indenture (Stena Ab), Indenture (Stena Ab), Indenture (Stena Ab)

Company’s Option to Effect Defeasance or Covenant Defeasance. The Company may elect, at its option at any time, to have Section 12.02 7.02 or Section 12.03 7.03 applied to the Outstanding Securities Notes (as a whole and not in part) upon compliance with the conditions set forth below in this Article. Any such election shall be evidenced by a Board Resolution.

Appears in 3 contracts

Samples: Third Supplemental Indenture (Alleghany Corp /De), Supplemental Indenture (Alleghany Corp /De), Fourth Supplemental Indenture (HCC Insurance Holdings Inc/De/)

Company’s Option to Effect Defeasance or Covenant Defeasance. The Company may elect, at its option by Board Resolution, at any time, elect to have either Section 12.02 1102 or Section 12.03 1103 applied to the Outstanding Securities (as a whole and not in part) upon compliance with the conditions set forth below in this Article. Any such election shall be evidenced by a Board ResolutionArticle Eleven.

Appears in 2 contracts

Samples: Georgia Gulf Corp /De/, Dover Corp

Company’s Option to Effect Defeasance or Covenant Defeasance. The Except as otherwise specified as contemplated by Section 301 for Securities of any series, the provisions of this Article Thirteen shall apply to each series of Securities, and the Company may elect, at its option at any time, to have Section 12.02 1302 or Section 12.03 1303 applied to the Outstanding any Securities (as a whole and not in part) upon compliance with the conditions set forth below in this Article. Any such election shall be evidenced by a Board Resolution.

Appears in 2 contracts

Samples: Senior Indenture (EAM Corp), Domtar Paper Company, LLC

Company’s Option to Effect Defeasance or Covenant Defeasance. The Company may elect, at its option at any time, to have Section 12.02 13.2 or Section 12.03 13.3 applied to any Securities or any series of Securities, as the Outstanding Securities (case may be, designated pursuant to Section 3.1 as a whole being defeasible pursuant to such Section 13.2 or 13.3, in accordance with any applicable requirements provided pursuant to Section 3.1 and not in part) upon compliance with the conditions set forth below in this Article. Any such election shall be evidenced by a Board Resolution.

Appears in 2 contracts

Samples: Everest Re Capital Trust, Everest Re Group LTD

Company’s Option to Effect Defeasance or Covenant Defeasance. The Company may elect, at its option at any time, to have Section 12.02 11.2 or Section 12.03 11.3 applied to any Securities or any series of Securities, as the Outstanding Securities (case may be, designated pursuant to Section 2.3 as a whole being defeasible pursuant to such Section 11.2 or 11.3, in accordance with any applicable requirements provided pursuant to Section 2.3 and not in part) upon compliance with the conditions set forth below in this ArticleArticle 11. Any such election shall be evidenced in the manner specified as contemplated by a Board ResolutionSection 2.3 for such Securities.

Appears in 2 contracts

Samples: Midamerican Energy Holdings Co /New/, Trust Indenture (Williams Companies Inc)

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Company’s Option to Effect Defeasance or Covenant Defeasance. The Company may elect, at its option at any time, to have Section 12.02 7.02 or Section 12.03 7.03 below applied to the Outstanding Securities Notes (as a whole and not in part) upon compliance with the conditions set forth below in this Article. Any such election shall be evidenced by a Board Resolution.

Appears in 2 contracts

Samples: Supplemental Indenture (Alleghany Corp /De), Fourth Supplemental Indenture (Alleghany Corp /De)

Company’s Option to Effect Defeasance or Covenant Defeasance. The Company may electmay, at its option by Board Resolution, at any time, with respect to the Securities, elect to have either Section 12.02 1102 or Section 12.03 1103 be applied to the all Outstanding Securities (as a whole and not in part) upon compliance with the conditions set forth below in this Article. Any such election shall be evidenced by a Board ResolutionArticle Eleven.

Appears in 2 contracts

Samples: Tyco International LTD /Ber/, Tyco International LTD /Ber/

Company’s Option to Effect Defeasance or Covenant Defeasance. The Company may elect, at its option at any time, to have Section 12.02 or Section 12.03 applied to the Outstanding Securities (as a whole and not in part) Notes of any series upon compliance with the conditions set forth below in this ArticleArticle 12. Any such election shall be evidenced by a Board Court Resolution.

Appears in 2 contracts

Samples: Indenture (Governor & Co of the Bank of Ireland), Indenture (Governor & Co of the Bank of Ireland)

Company’s Option to Effect Defeasance or Covenant Defeasance. The Company may elect, at its option at any time, to have Section 12.02 1102 or Section 12.03 1103 applied to the Outstanding Securities (as a whole and not in part) upon compliance with the conditions set forth below in this Article. Any such election shall be evidenced by a Board Resolution.

Appears in 1 contract

Samples: Indenture (Avon Products Inc)

Company’s Option to Effect Defeasance or Covenant Defeasance. The Company may elect, at its option at any time, to have either Section 12.02 11.02 or Section 12.03 11.03 applied to the Outstanding Securities (as a whole and not in part) the Guarantees endorsed thereon, upon compliance with the conditions set forth below in this Article. Any such election shall be evidenced by a Board ResolutionArticle Eleven.

Appears in 1 contract

Samples: Aetna Inc

Company’s Option to Effect Defeasance or Covenant Defeasance. The Company may elect, at its option at any time, to have Section 12.02 13.02 or Section 12.03 13.03 applied to the Outstanding any Securities (as a whole and not in part) or series of Securities upon compliance with the conditions set forth below in this Article. Any such election shall be evidenced by a Board Resolution.

Appears in 1 contract

Samples: Indenture (Chattem Inc)

Company’s Option to Effect Defeasance or Covenant Defeasance. The Company may elect, at its option at any time, to have Section 12.02 12.2 or Section 12.03 12.3 applied to the Outstanding Securities (as a whole and not in part) upon compliance with the conditions set forth below in this Article. Any such election shall be evidenced by a Board Resolution.. -100- 110

Appears in 1 contract

Samples: Indenture (Group Maintenance America Corp)

Company’s Option to Effect Defeasance or Covenant Defeasance. The Company may elect, at its option at any time, to have Section 12.02 14.2 or Section 12.03 14.3 applied to the Outstanding any Securities (as a whole and not in part) upon compliance with the conditions set forth below in this Article. Any such election shall be evidenced by a Board Resolution.

Appears in 1 contract

Samples: Lincoln National Corp

Company’s Option to Effect Defeasance or Covenant Defeasance. The Company may elect, at its option at any time, to have Section 12.02 8.02 or Section 12.03 8.03 applied to the Outstanding Securities (as a whole and not in part) any series of Notes upon compliance with the conditions set forth below in this ArticleARTICLE 8. Any such election shall be evidenced by a Board Resolution.

Appears in 1 contract

Samples: Indenture (Newmont Goldcorp Corp /De/)

Company’s Option to Effect Defeasance or Covenant Defeasance. The Company may elect, at its option option, at any time, elect to have either Section 12.02 13.02 or Section 12.03 13.03 applied to the Outstanding Securities (of any series designated pursuant to Section 2.02 as a whole being defeasable pursuant to Section 13.02 or 13.03, in accordance with applicable requirements provided pursuant to Section 2.02 and not in part) upon compliance with the conditions set forth below in this ArticleArticle Thirteen. Any such election shall be evidenced by a Board ResolutionResolution or in another manner specified as contemplated in Section 2.02 for such Securities.

Appears in 1 contract

Samples: Premcor Refining Group Inc

Company’s Option to Effect Defeasance or Covenant Defeasance. The Company may elect, at its option at any time, to have Section 12.02 14.02 or Section 12.03 14.03 applied to the Outstanding Securities (as a whole and not in part) upon compliance with the conditions set forth below in this Article. Any such election shall be evidenced by a Board Resolution.

Appears in 1 contract

Samples: Indenture (Petrobras Global Finance B.V.)

Company’s Option to Effect Defeasance or Covenant Defeasance. The Company may elect, at its option at any time, to have Section 12.02 12.2 or Section 12.03 12.3 applied to the Outstanding Securities (as a whole and not in part) upon 119 compliance with the conditions set forth below in this Article. Any such election shall be evidenced by a Board Resolution.

Appears in 1 contract

Samples: FLN Finance Inc

Company’s Option to Effect Defeasance or Covenant Defeasance. The Company may elect, at its option at any time, to have Section 12.02 or Section 12.03 applied to the Outstanding Securities (as a whole and not in part) upon compliance with the conditions set forth below in this Article. Any such election shall be evidenced by a Board Resolution.

Appears in 1 contract

Samples: Avon Products Inc

Company’s Option to Effect Defeasance or Covenant Defeasance. The Company may elect, at its option at any time, to have Section 12.02 11.02 or Section 12.03 11.03 applied to the Outstanding Securities (as a whole and not in part) upon compliance with the conditions set forth below in this Article. Any such election shall be evidenced by a Board Resolution.

Appears in 1 contract

Samples: Avon Products Inc

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