Defeasance upon Deposit of Moneys or U.S. Government Obligations. (a) The Company may, at its option and at any time, elect to have either paragraph (b) or paragraph (c) below be applied to the outstanding Securities of any Series upon compliance with the applicable conditions set forth in paragraph (d).
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Samples: Indenture (Richmond American Homes of Northern California Inc), Indenture (MDC Holdings Inc), Indenture (MDC Holdings Inc)
Defeasance upon Deposit of Moneys or U.S. Government Obligations. (a) The Company may, at its option and at any time, elect to have either paragraph (b) or paragraph (c) below be applied to the outstanding Securities of any Series Notes upon compliance with the applicable conditions set forth in paragraph (d).
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