Common use of DEFEASANCE AND COVENANT DEFEASANCE Clause in Contracts

DEFEASANCE AND COVENANT DEFEASANCE. SECTION 1201. Company's Option to Effect Defeasance or Covenant Defeasance. The Company may at its option by Board Resolution, at any time, elect to have either Section 1202 or Section 1203 applied to the Outstanding Securities upon compliance with the conditions set forth below in this Article Twelve.

DEFEASANCE AND COVENANT DEFEASANCE. SECTION 1201Section 1301. Company's Option to Effect Defeasance or Covenant Defeasance. The Company may at its option by Board Resolution, at any time, elect to have either Section 1202 1302 or Section 1203 1303 applied to the Outstanding Securities of this series upon compliance with the conditions set forth below in this Article TwelveThirteen.

DEFEASANCE AND COVENANT DEFEASANCE. SECTION 1201. Company's Option to Effect Defeasance or Covenant ------------------------------------------------- Defeasance. ---------- The Company may may, at its option by Board Resolution, at any time, with respect to the Securities, elect to have either Section 1202 or Section 1203 be applied to the all Outstanding Securities upon compliance with the conditions set forth below in this Article Twelve.

DEFEASANCE AND COVENANT DEFEASANCE. SECTION 12011301. Company's Option to Effect Defeasance or Covenant Defeasance. The Company may may, at its option by Board Resolution, at any time, with respect to the Securities, elect to have either Section 1202 1302 or Section 1203 1303 be applied to the all Outstanding Securities upon compliance with the conditions set forth below in this Article TwelveThirteen.

DEFEASANCE AND COVENANT DEFEASANCE. SECTION 1201. 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 1202 or Section 1203 applied to the Outstanding any Securities upon compliance with the conditions set forth below in this Article TwelveArticle. Any such election shall be evidenced by a Board Resolution.

DEFEASANCE AND COVENANT DEFEASANCE. SECTION 1201. Company's Option to Effect Defeasance or Covenant Defeasance. The Company may may, at its option by Board Resolution, at any time, with respect to the Securities, elect to have either Section 1202 or Section 1203 be applied to the all Outstanding Securities upon compliance with the conditions set forth below in this Article Twelve.

DEFEASANCE AND COVENANT DEFEASANCE. SECTION 12011301. Company's Option to Effect Defeasance or Covenant Defeasance. The Company may at its option by Board Resolution, at any time, elect to have either Section 1202 1302 or Section 1203 1303 applied to the Outstanding Securities of any series upon compliance with the conditions set forth below in this Article TwelveThirteen.

DEFEASANCE AND COVENANT DEFEASANCE. SECTION 12011301. Company's Option to Effect Defeasance or Covenant Defeasance. The Company may may, at its option by Board Resolution, at any time, with respect to the Notes, elect to have either Section 1202 1302 or Section 1203 1303 be applied to the all Outstanding Securities Notes upon compliance with the conditions set forth below in this Article TwelveThirteen.

DEFEASANCE AND COVENANT DEFEASANCE. SECTION 12011301. Company's Option to Effect Defeasance or Covenant Defeasance. The If specified to be applicable with respect to Securities of a series pursuant to Section 301, the Company may at its option by Board Resolution, at any time, elect to have either Section 1202 1302 or Section 1203 1303 applied to the Outstanding Securities of any series upon compliance with the conditions set forth below in this Article TwelveThirteen.

DEFEASANCE AND COVENANT DEFEASANCE. SECTION Section 1201. Company's Option to Effect Defeasance or Covenant Defeasance. The Company may at its option by Board Resolutionelect, at any time, elect to have either Section 1202 or Section 1203 applied to the Outstanding Securities of any series upon compliance with the conditions set forth below in this Article Twelve.

DEFEASANCE AND COVENANT DEFEASANCE. SECTION 12011301. Company's Option to Effect Defeasance or Covenant Defeasance. The If so specified in the terms of any series of Securities in accordance with Section 301, the Company may at its option by Board Resolution, at any time, elect to have either Section 1202 1302 or Section 1203 1303 applied to the Outstanding Securities of any series upon compliance with the conditions set forth below in this Article TwelveThirteen.

DEFEASANCE AND COVENANT DEFEASANCE. SECTION Section 1201. Company's Option to Effect Defeasance or Covenant Defeasance. The Company may may, at its option by Board Resolution, at any time, with respect to the Securities, elect to have either Section 1202 or Section 1203 be applied to the all Outstanding Securities upon compliance with the conditions set forth below in this Article Twelve.

DEFEASANCE AND COVENANT DEFEASANCE. SECTION 1201. Company's Option to Effect Defeasance or Covenant Defeasance. The Company may may, at its option by Board Resolution, at any time, with respect to the Securities, elect to have either Section 1202 Section1202 or Section 1203 Section1203 be applied to the all Outstanding Securities upon compliance with the conditions set forth below in this Article TwelveArticleTwelve.

DEFEASANCE AND COVENANT DEFEASANCE. SECTION 1201. Company's Option to Effect Defeasance or Covenant Defeasance. The Company may at its option by Board Resolution, at any time, elect to have either Section 1202 or Section 1203 applied to the Outstanding Securities upon compliance with the conditions set forth below in this Article Twelve.. -106- 110

DEFEASANCE AND COVENANT DEFEASANCE. SECTION 12012701. Company's Option to Effect Defeasance or Covenant Defeasance. The Company may at its option by Board Resolutionoption, at any time, time elect to have either Section 1202 1302 or Section 1203 1303 applied to the Outstanding Securities of any series upon compliance with the conditions set forth below in this Article TwelveThirteen.

DEFEASANCE AND COVENANT DEFEASANCE. SECTION 1201. 13.1 Company's Option to Effect Defeasance or Covenant Defeasance. Defeasance The Company may at its option by Board Resolutionoption, at any time, elect to have either Section 1202 13.2 or Section 1203 13.3 applied to the Outstanding outstanding Securities upon compliance with the conditions set forth below in this Article Twelve13.

DEFEASANCE AND COVENANT DEFEASANCE. SECTION 1201. Section 8.1 Company's Option to Effect Defeasance or Covenant Defeasance. The Company may may, at its option by Board Resolution, at any time, with respect to the Securities, elect to have either Section 1202 8.2 or Section 1203 8.3 hereof be applied to the all Outstanding Securities upon compliance with the conditions set forth below in this Article TwelveVIII.

DEFEASANCE AND COVENANT DEFEASANCE. SECTION 1201. Company's Option to Effect Defeasance or Covenant Defeasance. The Company may may, at its option option, evidenced by a Board Resolution, at any time, elect to have either Section 1202 or Section 1203 hereof be applied to the all Outstanding Securities upon compliance with the conditions set forth below in this Article Twelve.

DEFEASANCE AND COVENANT DEFEASANCE. SECTION Section 1201. Company's Option to Effect Defeasance or Covenant ------------------------------------------------- Defeasance. The Company may at its option by Board Resolution, at any time, ---------- elect to have either Section 1202 or Section 1203 applied to the Outstanding Securities upon compliance with the conditions set forth below in this Article TwelveXII.

DEFEASANCE AND COVENANT DEFEASANCE. SECTION 1201. The Company's Option to Effect Defeasance or Covenant Defeasance. The Company may at its option by Board Resolution, Resolution at any timetime (subject to 10-day prior written notification to the Trustee), elect to have either Section 1202 or Section 1203 applied to the Outstanding Securities upon compliance with the conditions set forth below in this Article Twelve.

DEFEASANCE AND COVENANT DEFEASANCE. SECTION Section 1201. Company's Option to Effect Defeasance or Covenant Defeasance. The Company may at its option by Board Resolution, at any time, elect to have either Section 1202 or Section 1203 applied to the Outstanding Securities upon compliance with the conditions set forth below in this Article Twelve.

DEFEASANCE AND COVENANT DEFEASANCE. SECTION Section 1201. Company's Option to Effect Defeasance or Covenant Defeasance. The Company may at its option by Board Resolution, at any time, elect to have either Section 1202 or Section 1203 applied to the Outstanding Securities of any series upon compliance with the conditions set forth below in this Article Twelve.

DEFEASANCE AND COVENANT DEFEASANCE. SECTION 12011401. Company's Option to Effect Defeasance or Covenant Defeasance. The Company may may, at its option by Board Resolution, Resolution at any timetime on or after _________, 2002 or at any time after a notice of redemption has been delivered to the Holders in accordance with Article Eleven, elect to have either Section 1202 1402 or Section 1203 1403 be applied to the all Outstanding Securities Notes upon compliance with the conditions set forth below in this Article TwelveFourteen.

DEFEASANCE AND COVENANT DEFEASANCE. SECTION 1201. Company's Option to Effect Defeasance or Covenant Defeasance. The Company may may, at its option by Board Resolution, at any time, with respect to the Notes, elect to have either Section 1202 or Section 1203 be applied to the all Outstanding Securities Notes upon compliance with the conditions set forth below in this Article Twelve.

DEFEASANCE AND COVENANT DEFEASANCE. SECTION 1201. 12.01 The Company's Option to Effect Defeasance or Covenant Defeasance. The Company may may, at its option by Board Resolution, at any time, with respect to any series of Securities, elect to have either Section 1202 12.02 or Section 1203 12.03 be applied to the all Securities of such series Outstanding Securities upon compliance with the conditions set forth below in this Article Twelve.

DEFEASANCE AND COVENANT DEFEASANCE. SECTION 1201. 10.1 The Company's Option to Effect Defeasance or Covenant Defeasance. The Company may at its option by Board Resolution, at any timetime (subject to a ten-day prior written notification to the Trustee), elect to have either Section 1202 10.2 or Section 1203 10.3 hereof applied to the Outstanding Securities Notes upon compliance with the conditions set forth below in this Article Twelve.X.

DEFEASANCE AND COVENANT DEFEASANCE. SECTION 1201Section 1401. Company's Option to Effect Defeasance or Covenant Defeasance. The Company may may, at its option by Board Resolution, at any time, with respect to the Notes, elect to have either Section 1202 1402 or Section 1203 1403 be applied to the all Outstanding Securities Notes upon compliance with the conditions set forth below in this Article TwelveFourteen.

DEFEASANCE AND COVENANT DEFEASANCE. SECTION 12011401. Company's Option to Effect Defeasance or Covenant Defeasance. The Company may may, at its option by Board Resolution, Resolution at any timetime on or after _________, 200_ or at any time after a notice of redemption has been delivered to the Holders in accordance with Article Eleven, elect to have either Section 1202 1402 or Section 1203 1403 be applied to the all Outstanding Securities Notes upon compliance with the conditions set forth below in this Article TwelveFourteen.

DEFEASANCE AND COVENANT DEFEASANCE. SECTION 1201. Section 11.1 Company's Option to Effect Defeasance or Covenant Defeasance. The Company may may, at its option by Board Resolution, at any time, elect to have either Section 1202 11.2 or Section 1203 11.3 hereof be applied to the all Outstanding Securities Notes upon compliance with the conditions set forth below in this Article TwelveXI.

DEFEASANCE AND COVENANT DEFEASANCE. SECTION 12011301. Company's Option to Effect Defeasance or Covenant Defeasance. The Company may may, at its option by Board Resolution, at any time, with respect to the Notes, elect to have either Section 1202 1302 or Section 1203 1303 be applied to the Outstanding Securities upon compliance with the conditions set forth below in this Article Twelve.all

DEFEASANCE AND COVENANT DEFEASANCE. SECTION 1201. Company's Option to Effect Defeasance or Covenant Defeasance. ' The Company may may, at its option option, evidenced by a Board Resolution, at any time, elect to have either Section 1202 or Section 1203 hereof be applied to the all Outstanding Securities upon compliance with the conditions set forth below in this Article Twelve.

DEFEASANCE AND COVENANT DEFEASANCE. SECTION 12011401. Company's Option to Effect Defeasance or Covenant Defeasance. The Company may may, at its option by Board Resolution, Resolution at any timetime on or after ____________2006 or at any time after a notice of redemption has been delivered to the Holders in accordance with Article Eleven, elect to have either Section 1202 1402 or Section 1203 1403 be applied to the all Outstanding Securities Notes upon compliance with the conditions set forth below in this Article TwelveFourteen.

DEFEASANCE AND COVENANT DEFEASANCE. SECTION 1201. Section 1301 Company's Option to Effect Defeasance or Covenant Defeasance. The Company may at its option by Board Resolution, at any time, elect to have either Section 1202 1302 or Section 1203 1303 applied to the Outstanding Securities of any series upon compliance with the conditions set forth below in this Article TwelveThirteen.

DEFEASANCE AND COVENANT DEFEASANCE. SECTION 12011101. Company's Option to Effect Defeasance or Covenant Defeasance. The Except as otherwise specified as contemplated by Section 301 for such Securities, the Company may may, at its option by Board Resolution, Resolution at any timetime (subject to 10-day prior written notification to the Trustee), elect to have either Section 1202 1102 or Section 1203 1103 applied to the 48 57 Outstanding Securities of any series upon compliance with the conditions set forth below in this Article TwelveEleven.

DEFEASANCE AND COVENANT DEFEASANCE. SECTION 1201. 1301 Company's Option to Effect Defeasance or Covenant Defeasance. The Company may at its option by Board Resolution, at any time, elect to have either Section 1202 1302 or Section 1203 1303 applied to the Outstanding Securities of any series upon compliance with the conditions set forth below in this Article TwelveThirteen.