Common use of Conditions to Defeasance Clause in Contracts

Conditions to Defeasance. The Note Issuer may exercise the Legal Defeasance Option or the Covenant Defeasance Option of Notes only if:

Appears in 10 contracts

Samples: Note Indenture (BEC Funding II, LLC), Note Indenture (CEC Funding, LLC), Note Indenture (BEC Funding II, LLC)

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Conditions to Defeasance. The Note Issuer may exercise the Legal Defeasance Option or the Covenant Defeasance Option with respect to any Series of Notes only if:

Appears in 9 contracts

Samples: Indenture (Comed Funding LLC), Interest Original Principal (Central & South West Corp), Indenture (Comed Funding LLC)

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Conditions to Defeasance. The Note Issuer Issuers may exercise the Legal Defeasance Option their legal defeasance option or the Covenant Defeasance Option of Notes its covenant defeasance option only if:

Appears in 3 contracts

Samples: Warrant Agreement (Iridium Capital Corp), Warrant Agreement (Iridium Capital Corp), Iridium Capital Corp

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