Common use of DEFEASANCE AND COVENANT DEFEASANCE Clause in Contracts

DEFEASANCE AND COVENANT DEFEASANCE. Section 1501. Company's Option to Effect Defeasance or Covenant Defeasance. The Company may elect, at its option at any time, to have Section 1502 or Section 1503 applied to any Securities or any series of Securities, as the case may be, designated pursuant to Section 301 as being defeasible pursuant to such Section 1502 or 1503, in accordance with any applicable requirements provided pursuant to Section 301 and upon compliance with the conditions set forth below in this Article. Any such election shall be evidenced in or pursuant to a Board Resolution or in another manner specified as contemplated by Section 301 for such Securities.

DEFEASANCE AND COVENANT DEFEASANCE. Section SECTION 1501. Company's ’s Option to Effect Defeasance or Covenant Defeasance. The Company may elect, at its option at any time, to have Section 1502 or Section 1503 applied to any Securities or any series of Securities, as the case may be, designated pursuant to Section 301 as being defeasible pursuant to such Section 1502 or 1503, in accordance with any applicable requirements provided pursuant to Section 301 and upon compliance with the conditions set forth below in this Article. Any such election shall be evidenced in or pursuant to a Board Resolution or in another manner specified as contemplated by Section 301 for such Securities.

DEFEASANCE AND COVENANT DEFEASANCE. Section 15011301. Company's Option to Effect Defeasance or Covenant Defeasance. The Company may elect, at its option at any time, to have Section 1502 1302 or Section 1503 1303 applied to any Securities or any series of Securities, as the case may be, designated pursuant to Section 301 as being defeasible pursuant to such Section 1502 1302 or 15031303, in accordance with any applicable requirements provided pursuant to Section 301 and upon compliance with the conditions set forth below in this Article. Any such election shall be evidenced in or pursuant to by a Board Resolution or in another manner specified as contemplated by Section 301 for such Securities.

DEFEASANCE AND COVENANT DEFEASANCE. Section 1501SECTION 1301. Company's Option to Effect Defeasance or Covenant Defeasance. The Company may elect, at its option at any time, to have Section 1502 1302 or Section 1503 1303 applied to any Securities or any series of Securities, as the case may be, designated pursuant to Section 301 as being defeasible pursuant to such Section 1502 1302 or 15031303, in accordance with any applicable requirements provided pursuant to Section 301 and upon compliance with the conditions set forth below in this Article. Any such election shall be evidenced in or pursuant to by a Board Resolution or in another manner specified as contemplated by Section 301 for such Securities.

DEFEASANCE AND COVENANT DEFEASANCE. Section 1501. SECTION 13.01 Company's ’s Option to Effect Defeasance or Covenant Defeasance. The Company may elect, at its option at any time, to have Section 1502 13.02 or Section 1503 13.03 applied to any Securities or any series of Securities, as the case may be, designated pursuant to Section 301 2.01 as being defeasible pursuant to such Section 1502 Sections 13.02 or 150313.03, in accordance with any applicable requirements provided pursuant to Section 301 2.01 and upon compliance with the conditions set forth below in this Article. Any such election shall be evidenced in or pursuant to by a Board Resolution or in another manner specified as contemplated by Section 301 2.01 for such Securities.

DEFEASANCE AND COVENANT DEFEASANCE. Section 15011301. Company's Option to Effect Defeasance or Covenant Defeasance. The Company may elect, at its option at any time, to have Section 1502 1302 or Section 1503 1303 applied to any Securities or any series of Securities, as the case may be, designated pursuant to Section 301 as being defeasible pursuant to such Section 1502 1302 or 15031303, in accordance with any applicable requirements provided pursuant to Section 301 and upon compliance with the conditions set forth below in this Article. Any such election shall be evidenced in or pursuant to by a Board Resolution or in another manner specified as contemplated by Section 301 for such SecuritiesResolution.

DEFEASANCE AND COVENANT DEFEASANCE. Section SECTION 1501. Company's Option to Effect Defeasance or Covenant Defeasance. The Company may elect, at its option at any time, to have Section 1502 or Section 1503 applied to any Securities or any series of Securities, as the case may be, designated pursuant to Section 301 as being defeasible pursuant to such Section 1502 or 1503, in accordance with any applicable requirements provided pursuant to Section 301 and upon compliance with the conditions set forth below in this Article. Any such election shall be evidenced in or pursuant to a Board Resolution or in another manner specified as contemplated by Section 301 for such Securities.

DEFEASANCE AND COVENANT DEFEASANCE. Section 1501. 13.1 Company's ’s Option to Effect Defeasance or Covenant Defeasance. The Company may elect, at its option at any time, to have Section 1502 13.2 or Section 1503 13.3 applied to any Securities or any series of Securities, as the case may be, designated pursuant to Section 301 3.1 as being defeasible pursuant to such Section 1502 13.2 or 1503Section 13.3, in accordance with any applicable requirements provided pursuant to Section 301 3.1 and upon compliance with the conditions set forth below in this Article. Any such election shall be evidenced in or pursuant to by a Board Resolution or in another manner specified as contemplated by Section 301 3.1 for such Securities.

DEFEASANCE AND COVENANT DEFEASANCE. Section 1501. CompanySECTION 1301 Issuer's Option to Effect Defeasance or Covenant Defeasance. The Company Issuer may elect, at its option at any time, to have Section 1502 1302 or Section 1503 1303 applied to any Securities or any series of Securities, as the case may be, designated pursuant to Section 301 as being defeasible pursuant to such Section 1502 1302 or 15031303, in accordance with any applicable requirements provided pursuant to Section 301 and upon compliance with the conditions set forth below in this Article. Any such election shall be evidenced in or pursuant to by a Board Resolution or in another manner specified as contemplated by Section 301 for such Securities.

DEFEASANCE AND COVENANT DEFEASANCE. Section 1501. SECTION 13.01 Company's ’s Option to Effect Defeasance or Covenant Defeasance. The Company may elect, at its option at any time, to have Section 1502 13.02 or Section 1503 13.03 applied to any Securities or any series of Securities, as the case may be, designated pursuant to Section 301 3.01 as being defeasible pursuant to such Section 1502 13.02 or 150313.03, in accordance with any applicable requirements provided pursuant to Section 301 3.01 and upon compliance with the conditions set forth below in this Article. Any such election shall be evidenced in or pursuant to by a Board Resolution or in another manner specified as contemplated by Section 301 3.01 for such Securities.

DEFEASANCE AND COVENANT DEFEASANCE. Section 15011401. Company's ’s Option to Effect Defeasance or Covenant Defeasance. The Company may elect, at its option at any time, to have Section 1502 1402 or Section 1503 1403 applied to any Securities or any series of Securities, as the case may be, designated pursuant to Section 301 as being defeasible pursuant to such Section 1502 1402 or 15031403, in accordance with any applicable requirements provided pursuant to Section 301 and upon compliance with the conditions set forth below in this Article. Any such election shall be evidenced in or pursuant to a Board Resolution or in another manner specified as contemplated by Section 301 for such Securities.

DEFEASANCE AND COVENANT DEFEASANCE. Section SECTION 1501. Company's ’s Option to Effect Defeasance or Covenant Defeasance. The Company may elect, at its option at any time, to have Section 1502 or Section 1503 applied to any Securities or any series of Securities, as the case may be, designated pursuant to Section 301 as being defeasible pursuant to such Section 1502 or 1503, in accordance with any applicable requirements provided pursuant to Section 301 and upon compliance with the conditions set forth below in this Article. Any such election shall be evidenced in or pursuant to a Board Resolution or in another manner specified as contemplated by Section 301 for such Securities.. 77

DEFEASANCE AND COVENANT DEFEASANCE. Section 15011401. Company's Option to Effect Defeasance or Covenant Defeasance. The Company or the Guarantor may elect, at its option their respective options at any time, to have Section 1502 1402 or Section 1503 1403 applied to any Securities or any series of Securities, as the case may be, Securities or designated pursuant to Section 301 as being defeasible pursuant to such Section 1502 1402 or 15031403, in accordance with any applicable requirements provided pursuant to Section 301 and upon compliance with the conditions set forth below in this Article. Any such election shall be evidenced in or pursuant to by a Board Resolution of the Company or the Guarantor, as the case may be, or in another manner specified as contemplated by Section 301 for such Securities.

DEFEASANCE AND COVENANT DEFEASANCE. Section 1501. 13.1 Company's ’s Option to Effect Defeasance or Covenant Defeasance. The Company may elect, at its option at any time, to have Section 1502 13.2 or Section 1503 13.3 applied to any Securities or any series of Securities, as the case may be, designated pursuant to Section 301 3.1 as being defeasible pursuant to such Section 1502 13.2 or 150313.3, in accordance with any applicable requirements provided pursuant to Section 301 3.1 and upon compliance with the conditions set forth below in this Article. Any such election shall be evidenced in or pursuant to by a Board Resolution or in another manner specified as contemplated by Section 301 3.1 for such Securities.

DEFEASANCE AND COVENANT DEFEASANCE. Section 1501SECTION 1201. Company's Option to Effect Defeasance or Covenant Defeasance. The Company may elect, at its option at any time, to have Section 1502 1202 or Section 1503 1203 applied to any Securities or any series of Securities, as the case may be, designated pursuant to Section 301 or 313 as being defeasible pursuant to such Section 1502 1202 or 15031203, in accordance with any applicable requirements provided pursuant to Section 301 and upon compliance with the conditions set forth below in this Article. Any such election shall be evidenced in or pursuant to by a Board Resolution or in another manner specified as contemplated by Section 301 for such Securities.

DEFEASANCE AND COVENANT DEFEASANCE. Section 1501. 13.1 Company's ’s Option to Effect Defeasance or Covenant Defeasance. The Company may elect, at its option at any time, to have Section 1502 13.2 or Section 1503 13.3 applied to any Securities or any series of Securities, as the case may be, designated pursuant to Section 301 3.1 as being defeasible pursuant to such Section 1502 13.2 or 150313.3 , in accordance with any applicable requirements provided pursuant to Section 301 3.1 and upon compliance with the conditions set forth below in this ArticleArticle 13 . Any such election shall be evidenced in or pursuant to by a Board Resolution or in another manner specified as contemplated by Section 301 3.1 for such Securities.

DEFEASANCE AND COVENANT DEFEASANCE. Section 1501SECTION 1401. Company's ’s Option to Effect Defeasance or Covenant Defeasance. The Company may elect, at its option at any time, to have Section 1502 1402 or Section 1503 1403 applied to any Securities or any series of Securities, as the case may be, designated pursuant to Section 301 as being defeasible pursuant to such Section 1502 1402 or 15031403, in accordance with any applicable requirements provided pursuant to Section 301 and upon compliance with the conditions set forth below in this Article. Any such election shall be evidenced in or pursuant to a Board Resolution or in another manner specified as contemplated by Section 301 for such Securities.

DEFEASANCE AND COVENANT DEFEASANCE. Section SECTION 1501. Company's ’s Option to Effect Defeasance or Covenant Defeasance. The Company may elect, at its option option, at any timetime to have, to have Section 1502 or Section 1503 applied to any Securities or any series of Securities, as the case may be, designated pursuant to Section 301 as being defeasible pursuant to such Section 1502 or 1503, in accordance with any applicable requirements provided pursuant to Section 301 and and, upon compliance with the conditions set forth below in this ArticleArticle Fifteen (the “Defeased Securities”). Any such election shall be evidenced in or pursuant to a Board Resolution or in another manner specified as contemplated by Section 301 for such Securities.

DEFEASANCE AND COVENANT DEFEASANCE. Section 1501SECTION 1301. Company's Option to Effect Defeasance or Covenant Defeasance. The Company may elect, at its option at any time, to have Section 1502 1302 or Section 1503 1303 applied to any Securities or any series of Securities, as the case may be, designated pursuant to Section 301 as being defeasible pursuant to such Section 1502 1302 or 15031303, in accordance with any applicable requirements provided pursuant to Section 301 and upon compliance with the conditions set forth below in this Article. Any such election shall be evidenced in or pursuant to a Board Resolution or in another manner specified as contemplated by Section 301 for such Securities.

DEFEASANCE AND COVENANT DEFEASANCE. Section 1501. SECTION 13.01 Company's Option to Effect Defeasance or Covenant Defeasance. The Company may elect, at its option at any time, to have Section 1502 13.02 or Section 1503 13.03 applied to any Securities or any series of Securities, as the case may be, designated pursuant to Section 301 3.01 as being defeasible pursuant to such Section 1502 13.02 or 150313.03, in accordance with any applicable requirements provided pursuant to Section 301 3.01 and upon compliance with the conditions set forth below in this Article. Any such election shall be evidenced in or pursuant to by a Board Resolution or in another manner specified as contemplated by Section 301 3.01 for such Securities.

DEFEASANCE AND COVENANT DEFEASANCE. Section 1501SECTION 1301. Company's ’s Option to Effect Defeasance or Covenant Defeasance. The If applicable to a particular series of Securities, the Company may elect, at its option at any time, to have Section 1502 1302 or Section 1503 1303 applied to any such series of Securities or any series Securities of Securitiessuch series, as the case may be, designated pursuant to Section 301 as being defeasible pursuant to such Section 1502 1302 or 15031303, in accordance with any applicable requirements provided pursuant to Section 301 and upon compliance with the conditions set forth below in this Article. Any such election shall be evidenced in or pursuant to by a Board Resolution or in another manner specified as contemplated by Section 301 for such Securities.

DEFEASANCE AND COVENANT DEFEASANCE. Section 1501SECTION 1201. Company's Option to Effect Defeasance or Covenant Defeasance. The Company may elect, at its option at any time, to have Section 1502 1202 or Section 1503 1203 applied to any Securities or any series of Securities, as the case may be, designated pursuant to Section 301 as being defeasible pursuant to such Section 1502 1202 or 15031203, in accordance with any applicable requirements provided pursuant to Section 301 and upon compliance with the conditions set forth below in this Article. Any such election shall be evidenced in or pursuant to by a Board Resolution or in another manner specified as contemplated by Section 301 for such Securities.

DEFEASANCE AND COVENANT DEFEASANCE. Section 15011301. Company's ’s Option to Effect Defeasance or Covenant Defeasance. The Company may elect, at its option at any time, to have Section 1502 1302 or Section 1503 1303 applied to any Securities or any series of Securities, as the case may be, designated pursuant to Section 301 as being defeasible pursuant to such Section 1502 1302 or 15031303, in accordance with any applicable requirements provided pursuant to Section 301 and upon compliance with the conditions set forth below in this Article. Any such election shall be evidenced in or pursuant to by a Board Resolution or in another manner specified as contemplated by Section 301 for such Securities.

DEFEASANCE AND COVENANT DEFEASANCE. Section 1501. SECTION 13.01 Company's Option to Effect Defeasance or Covenant Defeasance. The Company may elect, at its option at any time, to have Section 1502 13.02 or Section 1503 13.03 applied to any Securities or any series of Securities, as the case may be, designated pursuant to Section 301 2.01 as being defeasible pursuant to such Section 1502 Sections 13.02 or 150313.03, in accordance with any applicable requirements provided pursuant to Section 301 2.01 and upon compliance with the conditions set forth below in this Article. Any such election shall be evidenced in or pursuant to by a Board Resolution or in another manner specified as contemplated by Section 301 2.01 for such Securities.

DEFEASANCE AND COVENANT DEFEASANCE. Section 1501. 13.1 Company's Option to Effect Defeasance or Covenant Defeasance. Defeasance The Company may elect, at its option at any time, to have Section 1502 13.2 or Section 1503 13.3 applied to any Securities or any series of Securities, as the case may be, Securities designated pursuant to Section 301 3.1 as being defeasible pursuant to such Section 1502 13.2 or 150313.3, in accordance with any applicable requirements provided pursuant to Section 301 3.1 and upon compliance with the conditions set forth below in this Article. Any such election shall be evidenced in or pursuant to by a Board Resolution or in another manner specified as contemplated by Section 301 3.1 for such Securities.

DEFEASANCE AND COVENANT DEFEASANCE. Section SECTION 1501. Company's Option to Effect Defeasance or Covenant Defeasance. The Company may elect, at its option option, at any timetime to have, to have Section 1502 or Section 1503 applied to any Securities or any series of Securities, as the case may be, designated pursuant to Section 301 as being defeasible pursuant to such Section 1502 or 1503, in accordance with any applicable requirements provided pursuant to Section 301 and and, upon compliance with the conditions set forth below in this ArticleArticle Fifteen (the "Defeased Securities"). Any such election shall be evidenced in or pursuant to a Board Resolution or in another manner specified as contemplated by Section 301 for such Securities.

DEFEASANCE AND COVENANT DEFEASANCE. Section 1501SECTION 1401. Company's Option to Effect Defeasance or Covenant Defeasance. The Company may elect, at its option at any time, to have Section 1502 1402 or Section 1503 1403 applied to any Securities or any series of Securities, as the case may be, (unless designated pursuant to Section 301 as not being defeasible pursuant to such Section 1502 1402 or 15031403), in accordance with any applicable requirements provided pursuant to Section 301 and upon compliance with the conditions set forth below in this Article. Any such election shall be evidenced in or pursuant to by a Board Resolution or in another manner specified as contemplated by Section 301 for such Securities.

DEFEASANCE AND COVENANT DEFEASANCE. Section 1501SECTION 1401. Company's Option to Effect Defeasance or Covenant Defeasance. The Company may elect, at its option at any time, to have Section 1502 1402 or Section 1503 1403 applied to any Securities or any series of Securities, as the case may be, designated pursuant to Section 301 as being defeasible pursuant to such Section 1502 1402 or 15031403, in accordance with any applicable requirements provided pursuant to Section 301 and upon compliance with the conditions set forth below in this Article. Any such election shall be evidenced in or pursuant to a Board Resolution or in another manner specified as contemplated by Section 301 for such Securities.

DEFEASANCE AND COVENANT DEFEASANCE. Section 1501SECTION 1401. Company's Option to Effect Defeasance or Covenant Defeasance. The Company may elect, at its option at any time, to have Section 1502 1402 or Section 1503 1403 applied to any Securities or any series of Securities, as the case may be, (unless designated pursuant to Section 301 as not being defeasible pursuant to such Section 1502 1402 or 15031403), in accordance with any applicable requirements provided pursuant to Section 301 and upon compliance with the conditions set forth below in this ArticleArticle Fourteen. Any such election shall be evidenced in or pursuant to by a Board Resolution or in another manner specified as contemplated by Section 301 for such Securities.

DEFEASANCE AND COVENANT DEFEASANCE. Section 1501. Company's Option to Effect Defeasance or Covenant Defeasance. The Company may elect, at its option at any time, to have Section 1502 or Section 1503 applied to any Securities or any series of Securities, as the case may be, designated pursuant to Section 301 as being defeasible pursuant to such Section 1502 or 1503, in accordance with any applicable requirements provided pursuant to Section 301 and upon compliance with the conditions set forth below in this Article. Any such election shall be evidenced in or pursuant to a Board Resolution or in another manner specified as contemplated by Section 301 for such Securities.. 77

DEFEASANCE AND COVENANT DEFEASANCE. Section 15011401. Company's ’s Option to Effect Defeasance or Covenant Defeasance. The Company may elect, at its option at any time, to have Section 1502 1402 or Section 1503 1403 applied to any Securities or any series of Securities, as the case may be, (unless designated pursuant to Section 301 as not being defeasible pursuant to such Section 1502 1402 or 15031403), in accordance with any applicable requirements provided pursuant to Section 301 and upon compliance with the conditions set forth below in this ArticleArticle Fourteen. Any such election shall be evidenced in or pursuant to by a Board Resolution or in another manner specified as contemplated by Section 301 for such Securities.

DEFEASANCE AND COVENANT DEFEASANCE. Section 150113.01. Company's Option to Effect Defeasance or Covenant Defeasance. The Company may elect, at its option at any time, to have Section 1502 13.02 or Section 1503 13.03 applied to any Securities or any series of Securities, as the case may be, designated pursuant to Section 301 3.01 as being defeasible pursuant to such Section 1502 13.02 or 150313.03, in accordance with any applicable requirements provided pursuant to Section 301 3.01 and upon compliance with the conditions set forth below in this Article. Any such election shall be evidenced in or pursuant to by a Board Resolution or in another manner specified as contemplated by Section 301 3.01 for such Securities.

DEFEASANCE AND COVENANT DEFEASANCE. Section 1501SECTION 1301. Company's Option to Effect Defeasance or Covenant Defeasance. Defeasance The Company may elect, at its option at any time, to have Section 1502 1302 or Section 1503 1303 applied to any Securities or any series of Securities, as the case may be, designated pursuant to Section 301 as being defeasible pursuant to such Section 1502 1302 or 15031303, in accordance with any applicable requirements provided pursuant to Section 301 and upon compliance with the conditions set forth below in this Article. Any such election shall be evidenced in or pursuant to by a Board Resolution or in another manner specified as contemplated by Section 301 for such Securities.

DEFEASANCE AND COVENANT DEFEASANCE. Section 15011301. Company's Option to Effect Defeasance or Covenant Defeasance. Defeasance The Company may elect, at its option at any time, to have Section 1502 1302 or Section 1503 1303 applied to any Securities or any series of Securities, as the case may be, designated pursuant to Section 301 as being defeasible pursuant to such Section 1502 1302 or 15031303, in accordance with any applicable requirements provided pursuant to Section 301 and upon compliance with the conditions set forth below in this Article. Any such election shall be evidenced in or pursuant to by a Board Resolution or in another manner specified as contemplated by Section 301 for such Securities.

DEFEASANCE AND COVENANT DEFEASANCE. Section 1501SECTION 1301. Company's Option to Effect Defeasance or Covenant ------------------------------------------------- Defeasance. ----------- The Company may elect, at its option at any time, to have Section 1502 1302 or Section 1503 1303 applied to any Securities or any series of Securities, as the case may be, not designated pursuant to Section 301 as being defeasible indefeasible pursuant to such Section 1502 1302 or 15031303, in accordance with any applicable requirements provided pursuant to Section 301 and upon compliance with the conditions set forth below in this Article. Any such election shall be evidenced in or pursuant to by a Board Resolution or in another manner specified as contemplated by Section 301 for such Securities.

DEFEASANCE AND COVENANT DEFEASANCE. Section 1501SECTION 1401. Company's Option to Effect Defeasance or Covenant Defeasance. The Company may elect, at its option at any time, to have Section 1502 1402 or Section 1503 1403 applied to any Securities or any series of Securities, as the case may be, designated pursuant to Section 301 as being defeasible pursuant to such Section 1502 1402 or 15031403, in accordance with any applicable requirements provided pursuant to Section 301 and upon compliance with the conditions set forth below in this Article. Any such election shall be evidenced in or pursuant to by a Board Resolution or in another manner specified as contemplated by Section 301 for such Securities.