Defeasance of this Article Fourteen Sample Clauses

Defeasance of this Article Fourteen. The subordination of the Subsidiary Guarantees provided by this Article Fourteen is expressly made subject to the provisions for Defeasance or Covenant Defeasance of a series of Securities in Article Fifteen hereof and, anything herein to the contrary notwithstanding, upon the effectiveness of any such Defeasance or Covenant Defeasance with respect to a series of Securities, the Subsidiary Guarantees of the Securities of such series shall thereupon cease to be subordinated pursuant to this Article Fourteen. ARTICLE FIFTEEN
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Defeasance of this Article Fourteen. The subordination of the Securities of a series provided by this Article Fourteen is expressly made subject to the provisions for legal defeasance or covenant defeasance in Article Thirteen hereof and, anything herein to the contrary notwithstanding, upon the effectiveness of any such legal defeasance or covenant defeasance, the Securities of such series then outstanding shall thereupon cease to be subordinated pursuant to this Article Fourteen.
Defeasance of this Article Fourteen. The subordination of the Securities provided by this Article Fourteen shall apply only to Securities that are Outstanding under this Indenture and is expressly made subject to the provisions for Defeasance or Covenant Defeasance in Article Thirteen hereof and the provisions for satisfaction and discharge of this Indenture in Article Four hereof and, anything herein to the contrary notwithstanding, upon the effectiveness of any such Defeasance or Covenant Defeasance or any such satisfaction and discharge, the Securities then Outstanding shall thereupon cease to be subordinated pursuant to this Article Fourteen. This instrument may be executed in any number of counterparts, each of which so executed shall be deemed to be an original, but all such counterparts shall together constitute but one and the same instrument.
Defeasance of this Article Fourteen. The subordination of the Securities provided by this ‎Article Fourteen is expressly made subject to the provisions for Defeasance or Covenant Defeasance in ‎Article Twelve and, anything herein to the contrary notwithstanding, upon the effectiveness of any such Defeasance or Covenant Defeasance, the Securities then outstanding shall thereupon cease to be subordinated pursuant to this ‎Article Fourteen. * * * * This instrument may be executed in any number of counterparts, each of which so executed shall be deemed to be an original, but all such counterparts shall together constitute but one and the same instrument.
Defeasance of this Article Fourteen. The ------------------------------------ subordination of the Notes provided by this Article XIV is expressly made subject to the provisions for defeasance or covenant defeasance in Articles IV and XII and, anything herein to the contrary notwithstanding, upon the effectiveness of any such defeasance or covenant defeasance, the Notes then outstanding shall thereupon cease to be subordinated pursuant to this Article XIV.
Defeasance of this Article Fourteen. The subordination of the Securities provided by this Article is expressly made subject to the provisions for defeasance or covenant defeasance in Article Thirteen hereof and, anything herein to the contrary notwithstanding, upon the effectiveness of any such defeasance or covenant defeasance, the Securities then outstanding shall thereupon cease to be subordinated pursuant to this Article Fourteen.] This instrument may be executed in any number of counterparts, each of which so executed shall be deemed to be an original, but all such counterparts shall together constitute but one and the same instrument. In proving the existence of this Indenture it shall not be necessary to produce more than one copy. SIGNATURES Dated as of: ISSUER:OM ASSET MANAGEMENT PLCBy: Name: Title: TRUSTEE:WILMINGTON TRUST, NATIONAL ASSOCIATION, as TrusteeBy: Name: Title: SECURITIES ADMINISTRATOR:CITIBANK, N.A., as Securities AdministratorBy: Name: Title:

Related to Defeasance of this Article Fourteen

  • Company’s Option to Effect Defeasance or Covenant Defeasance The Company may elect, at its option at any time, to have Section 1302 or Section 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 1302 or 1303, 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 by a Board Resolution or in another manner specified as contemplated by Section 301 for such Securities.

  • DEFEASANCE AND COVENANT DEFEASANCE SECTION 1301.

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