DEFEASANCE OR COVENANT DEFEASANCE. Section 4.01. The Company's Option To Effect Defeasance or Covenant Defeasance.....................................................71
DEFEASANCE OR COVENANT DEFEASANCE. (a) Subject to the satisfaction of the conditions in Section 8.2(c) hereof, the Company may, at its option by Board Resolution, at any time, with respect to the Notes, elect to have the obligations of the Company and the Guarantors discharged with respect to the outstanding Notes ("defeasance"). Upon such defeasance, the Company shall be deemed to have paid and discharged the entire indebtedness represented by the outstanding Notes and the Note Guarantees, which shall thereafter be deemed to be "outstanding" only for the purposes of Section 8.4 hereof and the other Sections of and matters under this Indenture referred to in clauses (i) and (ii) below, and to have satisfied all its other obligations under such Notes and this Indenture, except for the following, which shall survive until otherwise terminated or discharged hereunder: (i) the rights of Holders of Notes to receive solely from the trust fund described in Section 8.2(c) and as more fully set forth in such Section, payments in respect of the principal of and interest on such Notes when such payments are due, (ii) the Company's obligations under Sections 2.3, 2.4, 2.6, 2.7, 2.8 and 4.2, the rights, powers, trusts, duties and immunities of the Trustee hereunder, including, without limitation, the Trustee's rights under Section 7.7, and (iv) this Article Eight. Subject to compliance with this Article Eight, the Company may exercise its option under this Section 8.2(a) notwithstanding the prior exercise of its option under Section 8.2(b) with respect to the Notes.
DEFEASANCE OR COVENANT DEFEASANCE. SECTION 4.01. Company's Option to Effect Defeasance or Covenant Defeasance....................................................................31 SECTION 4.02. Defeasance and Discharge......................................................32 SECTION 4.03. Covenant Defeasance...........................................................32 SECTION 4.04. Conditions to Defeasance or Covenant Defeasance...............................33 SECTION 4.05.
DEFEASANCE OR COVENANT DEFEASANCE. Section 1201. The Issuers' Option To Effect Defeasance or Covenant Defeasance................ 110 Section 1202. Defeasance and Discharge....................................................... 110 Section 1203. Covenant Defeasance............................................................ 111 Section 1204. Conditions to Defeasance or Covenant Defeasance................................
DEFEASANCE OR COVENANT DEFEASANCE. Section 1201. The Company’s Option to Effect Defeasance or Covenant Defeasance 151 Section 1202. Defeasance and Discharge 152 Section 1203. Covenant Defeasance 152 Section 1204. Conditions to Defeasance or Covenant Defeasance 153 Section 1205. Deposited Money and U.S. Government Obligations to Be Held in Trust; Other Miscellaneous Provisions 154 Section 1206. Reinstatement 155 Section 1207. Repayments to the Company 155 ARTICLE XIII SUBSIDIARY GUARANTEES Section 1301. Guarantees Generally 155 Section 1302. Continuing Guarantees 157 Section 1303. Release of Subsidiary Guarantees 158 Section 1304. [Reserved] 159 Section 1305. Waiver of Subrogation 159 Section 1306. Notation Not Required 159 Section 1307. Successors and Assigns of Subsidiary Guarantors 159 Section 1308. Execution and Delivery of Subsidiary Guarantees 159 Section 1309. Notices 160 Exhibit A Form of Initial Note Exhibit B [Reserved] Exhibit C Form of Certificate of Beneficial Ownership Exhibit D Form of Regulation S Certificate Exhibit E Form of Supplemental Indenture in Respect of Subsidiary Guarantees Exhibit F Form of Certificate from Acquiring Institutional Accredited Investors Exhibit G Form of Supplemental Indenture Establishing a Series of Notes INDENTURE, dated as of September 16, 2019 (as amended, supplemented or otherwise modified from time to time, this “Indenture”), among Core & Main Holdings, LP, a limited partnership organized under the laws of the State of Delaware, as issuer, the Subsidiary Guarantors from time to time parties hereto and Wilmington Trust, National Association, a national banking association, as Trustee. RECITALS OF THE COMPANY The Company has duly authorized the execution and delivery of this Indenture to provide for the issuance of the Notes. All things necessary to make this Indenture a valid agreement of the Company in accordance with the terms of the Initial Notes and this Indenture have been done.
DEFEASANCE OR COVENANT DEFEASANCE. Section 1201. The Company’s Option to Effect Defeasance or Covenant Defeasance. The Company may, at its option, at any time, elect to have terminated the obligations of the Company with respect to Outstanding Notes and the other Note Documents and to have terminated all of the obligations of the Subsidiary Guarantors with respect to the Subsidiary Guarantees, in each case, as set forth in this Article XII, and elect to have either Section 1202 or 1203 be applied to all of the Outstanding Notes (the “Defeased Notes”), upon compliance with the conditions set forth below in Section 1204. Either Section 1202 or Section 1203 may be applied to the Defeased Notes to any Redemption Date or the Stated Maturity of the Notes.
DEFEASANCE OR COVENANT DEFEASANCE. Section 4.01. Company's Option To Effect Defeasance or Covenant Defeasance. . . . . . . . . . . . . . . . . . . 53 Section 4.02. Defeasance and Discharge. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 53 Section 4.03.
DEFEASANCE OR COVENANT DEFEASANCE. Section 1201. The Company's Option to Elect Defeasance or Covenant Defeasance..................... 116 Section 1202. Defeasance and Discharge............................................................ 116 Section 1203. Covenant Defeasance................................................................. 117 Section 1204. Conditions to Defeasance or Covenant Defeasance.....................................
DEFEASANCE OR COVENANT DEFEASANCE. Section 1201. The Company’s Option to Effect Defeasance or Covenant Defeasance. The Company may, at its option, at any time, elect to have terminated the obligations of the Company with respect to Outstanding Notes and to have terminated all of the obligations of the Subsidiary Guarantors with respect to the Subsidiary Guarantees, in each case, as set forth in this Article XII, and elect to have either Section 1202 or 1203 be applied to all of the Outstanding Notes (the “Defeased Notes”), upon compliance with the conditions set forth below in Section 1204. Either Section 1202 or Section 1203 may be applied to the Defeased Notes to any Redemption Date or the Stated Maturity of the Notes.
DEFEASANCE OR COVENANT DEFEASANCE. Section 1201. The Issuers' Option To Effect Defeasance or Covenant Defeasance. The Issuers may, concurrently (and not separately) at their option, at any time, elect to have terminated the obligations of the Issuers with respect to Outstanding Notes and to have terminated the obligations of any or all Note Guarantors, with respect to the Note Guarantees, in each case, as set forth in this Article 12, and elect to have either Section 1202 or Section 1203 be applied to all of the Outstanding Notes (the "Defeased Notes"), upon compliance with the conditions set forth below in Section 1204. Either Section 1202 or Section 1203 may be applied to the Defeased Notes to any Redemption Date or the Stated Maturity of the Notes. Either option may be exercised to any Redemption Date or to the Stated Maturity of the Notes.
