{"component": "clause", "props": {"groups": [{"snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [0, 15]}, {"key": "mortgage-loan-documents", "type": "definition", "offset": [56, 79]}, {"key": "provide-for", "type": "definition", "offset": [147, 158]}, {"key": "the-mortgagor", "type": "clause", "offset": [195, 208]}, {"key": "subject-to", "type": "definition", "offset": [210, 220]}, {"key": "satisfaction-of-conditions", "type": "clause", "offset": [221, 247]}, {"key": "two-years", "type": "clause", "offset": [339, 348]}, {"key": "after-the-closing-date", "type": "clause", "offset": [349, 371]}, {"key": "united-states", "type": "definition", "offset": [421, 434]}, {"key": "government-securities", "type": "clause", "offset": [436, 457]}, {"key": "meaning-of", "type": "clause", "offset": [470, 480]}, {"key": "treasury-regulations", "type": "definition", "offset": [481, 501]}, {"key": "scheduled-payments", "type": "definition", "offset": [585, 603]}, {"key": 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[2322, 2341]}], "samples": [{"hash": "jKNiKHitQCN", "uri": "/contracts/jKNiKHitQCN#defeasance", "label": "Mortgage Loan Purchase Agreement (Wells Fargo Commercial Mortgage Trust 2026-C66)", "score": 37.2409324646, "published": true}, {"hash": "heU5LkwU2im", "uri": "/contracts/heU5LkwU2im#defeasance", "label": "Mortgage Loan Purchase Agreement (Wells Fargo Commercial Mortgage Trust 2026-C66)", "score": 37.2409324646, "published": true}, {"hash": "eaetwSkfuPZ", "uri": "/contracts/eaetwSkfuPZ#defeasance", "label": "Mortgage Loan Purchase Agreement (Wells Fargo Commercial Mortgage Trust 2026-C66)", "score": 37.2409324646, "published": true}], "snippet": "With respect to any Mortgage Loan that, pursuant to the Mortgage Loan documents, can be defeased (a \u201cDefeasance\u201d), (i) the Mortgage Loan documents provide for defeasance as a unilateral right of the Mortgagor, subject to satisfaction of conditions specified in the Mortgage Loan documents; (ii) the Mortgage Loan cannot be defeased within two years after the Closing Date; (iii) the Mortgagor is permitted to pledge only United States \u201cgovernment securities\u201d within the meaning of Treasury Regulations Section 1.860G-2(a)(8)(ii), the revenues from which will be sufficient to make all scheduled payments under the Mortgage Loan when due, including the entire remaining principal balance on the maturity date (or on or after the first date on which payment may be made without payment of a Yield Maintenance Charge or Prepayment Premium) or, if the Mortgage Loan is an ARD Loan, the entire principal balance outstanding on the Anticipated Repayment Date (or on or after the first date on which payment may be made without payment of a Yield Maintenance Charge or Prepayment Premium), and if the Mortgage Loan permits partial releases of real property in connection with partial defeasance, the revenues from the collateral will be sufficient to pay all such scheduled payments calculated on a principal amount equal to a specified percentage at least equal to 110% of the allocated loan amount for the real property to be released; (iv) the defeasance collateral is not permitted to be subject to prepayment, call, or early redemption; (v) the Mortgagor is required to provide a certification from an independent certified public accountant that the collateral is sufficient to make all scheduled payments under the Mortgage Note as set forth in clause (iii) above; (vi) the defeased note and the defeasance collateral are required to be assumed by a Single-Purpose Entity; (vii) the Mortgagor is required to provide an opinion of counsel that the Trustee has a perfected security interest in such collateral prior to any other claim or interest; and (viii) the Mortgagor is required to pay all rating agency fees associated with defeasance (if rating confirmation is a specific condition precedent thereto) and all other reasonable expenses associated with defeasance, including, but not limited to, accountant\u2019s fees and opinions of counsel.", "size": 3022, "hash": "f2ed43957101669d1767185939607a07", "id": 1}, {"snippet_links": [{"key": "the-indenture", "type": "clause", "offset": [0, 13]}, {"key": "provisions-for", "type": "clause", "offset": [23, 37]}, {"key": "time-of-the", "type": "clause", "offset": [56, 67]}, {"key": "indebtedness-of", "type": "clause", "offset": [75, 90]}, {"key": "covenants-and-events-of-default", "type": "clause", "offset": [128, 159]}, {"key": "with-respect-to", "type": "clause", "offset": [160, 175]}, {"key": "each-case", "type": "definition", "offset": [194, 203]}, {"key": "compliance-with", "type": "definition", "offset": [209, 224]}, {"key": "certain-conditions", "type": "clause", "offset": [225, 243]}], "samples": [{"hash": "92TKp0oWg6T", "uri": "/contracts/92TKp0oWg6T#defeasance", "label": "Supplemental Indenture (Welltower OP LLC)", "score": 36.4852828979, "published": true}, {"hash": "dzW8YRCjZaQ", "uri": "/contracts/dzW8YRCjZaQ#defeasance", "label": "Fourth Supplemental Indenture (Globe Life Inc.)", "score": 35.6502380371, "published": true}, {"hash": "dccRmfVzwQ5", "uri": "/contracts/dccRmfVzwQ5#defeasance", "label": "Fifth Supplemental Indenture (Globe Life Inc.)", "score": 34.5947990417, "published": true}], "snippet": "The Indenture contains provisions for defeasance at any time of the entire indebtedness of this Security or certain restrictive covenants and Events of Default with respect to this Security, in each case upon compliance with certain conditions set forth in the Indenture.", "size": 98, "hash": "d5aa66467a8b94e7aa0d880538d90498", "id": 10}, {"snippet_links": [{"key": "the-company-will", "type": "clause", "offset": [26, 42]}, {"key": "the-guarantor", "type": "clause", "offset": [86, 99]}, {"key": "all-obligations", "type": "clause", "offset": [132, 147]}, {"key": "in-respect-of", "type": "definition", "offset": [148, 161]}, {"key": "the-guarantee", "type": "clause", "offset": [195, 208]}, {"key": "the-provisions-of-this", 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{"key": "date-of", "type": "clause", "offset": [1828, 1835]}, {"key": "the-company-shall", "type": "clause", "offset": [1854, 1871]}, {"key": "directed-to", "type": "definition", "offset": [1922, 1933]}, {"key": "the-internal-revenue-service", "type": "definition", "offset": [1960, 1988]}, {"key": "gain-or-loss", "type": "clause", "offset": [2080, 2092]}, {"key": "federal-income-tax-purposes", "type": "clause", "offset": [2097, 2124]}, {"key": "to-federal", "type": "definition", "offset": [2199, 2209]}, {"key": "in-the-same-manner", "type": "definition", "offset": [2244, 2262]}, {"key": "opinion-of-counsel-to-the", "type": "clause", "offset": [2371, 2396]}, {"key": "in-clause", "type": "clause", "offset": [2433, 2442]}, {"key": "the-company-has", "type": "definition", "offset": [2462, 2477]}, {"key": "an-officers", "type": "clause", "offset": [2503, 2514]}, {"key": "each-case", "type": "definition", "offset": [2558, 2567]}, {"key": "conditions-precedent", "type": "clause", "offset": [2585, 2605]}, {"key": "relating-to", "type": "definition", "offset": [2626, 2637]}, {"key": "the-obligations-of-the-company", "type": "clause", "offset": [2745, 2775]}], "samples": [{"hash": "og6veqIPZg", "uri": "/contracts/og6veqIPZg#defeasance", "label": "Subordinated Indenture (Credit Suisse Group)", "score": 21.0, "published": true}, {"hash": "fIR5sooOBgJ", "uri": "/contracts/fIR5sooOBgJ#defeasance", "label": "Senior Guaranteed Indenture (Credit Suisse Group)", "score": 21.0, "published": true}, {"hash": "6RRE2mMWX9B", "uri": "/contracts/6RRE2mMWX9B#defeasance", "label": "Subordinated Indenture (Credit Suisse Group)", "score": 21.0, "published": true}], "snippet": "Except as provided below, the Company will be deemed to have paid and the Company and the Guarantor will be discharged from any and all obligations in respect of the Securities of any series and the Guarantee thereof, and the provisions of this Indenture will no longer be in effect with respect to the Securities of such series and the Guarantee thereof (and the Trustee, at the expense of the Company and the Guarantor, shall execute proper instruments acknowledging the same); provided that the following conditions shall have been satisfied:\n(a) the Company or the Guarantor has irrevocably deposited in trust with the Trustee as trust funds solely for the benefit of the Holders of the Securities of such series, for payment of the Principal of and interest on the Securities of such series, money or U.S. Government Obligations or a combination thereof sufficient (unless such funds consist solely of money, in the opinion of a nationally recognized firm of independent public accountants expressed in a written certification thereof delivered to the Trustee) without consideration of any reinvestment and after payment of all federal, state and local taxes or other charges and assessments in respect thereof payable by the Trustee, to pay and discharge the Principal of and accrued interest on the outstanding Securities of such series to maturity or earlier redemption (irrevocably provided for under arrangements satisfactory to the Trustee), as the case may be;\n(b) such deposit will not result in a breach or violation of, or constitute a default under, this Indenture or any other material agreement or instrument to which the Company or the Guarantor, as the case may be, is a party or by which it is bound;\n(c) no Default with respect to the Securities of such series shall have occurred and be continuing on the date of such deposit;\n(d) the Company shall have delivered to the Trustee either (x) a ruling directed to the Trustee received from the Internal Revenue Service to the effect that the Holders of the Securities of such series will not recognize income, gain or loss for federal income tax purposes as a result of such discharge under this Section 9.02 and will be subject to federal income tax on the same amount and in the same manner and at the same times as would have been the case if such deposit and defeasance had not occurred or (y) an Opinion of Counsel to the same effect as the ruling described in clause (x) above; and\n(e) the Company has delivered to the Trustee an Officers\u2019 Certificate and an Opinion of Counsel, in each case stating that all conditions precedent provided for herein relating to the defeasance contemplated by this Section 9.02 of the Securities of such series have been complied with. The obligations of the Company and the Guarantor in Sections 2.02 through 2.12, 4.02, 8.07, 8.08, 9.04 and 9.05, as applicable, with respect to the Securities of such series and the Guarantee thereof shall survive until such Securities are no longer outstanding. Thereafter, only the obligations of the Company and the Guarantor in Sections 8.07 and 9.05, as applicable, shall survive.", "size": 279, "hash": "bcc40e6f0c503f5a22e42c16263fd1e9", "id": 4}, {"snippet_links": [{"key": "subject-to", "type": "definition", "offset": [0, 10]}, {"key": "certain-conditions", "type": "clause", "offset": [11, 29]}, {"key": "the-company", "type": "clause", "offset": [58, 69]}, {"key": "at-any-time", "type": "clause", "offset": [70, 81]}, {"key": "the-securities-and-the-indenture", "type": "clause", "offset": [133, 165]}, {"key": "company-deposits", "type": "clause", "offset": [173, 189]}, {"key": "the-trustee", "type": "clause", "offset": [195, 206]}, {"key": "government-obligations", "type": "definition", "offset": [221, 243]}, {"key": "interest-on-the", "type": "clause", "offset": [277, 292]}, {"key": "the-case", "type": "definition", "offset": [334, 342]}], "samples": [{"hash": "lcm27gsQg3z", "uri": "/contracts/lcm27gsQg3z#defeasance", "label": "Indenture (Georgia Gulf Corp /De/)", "score": 21.0, "published": true}, {"hash": "kC5LAB96Zl0", "uri": "/contracts/kC5LAB96Zl0#defeasance", "label": "Indenture (Callon Petroleum Co)", "score": 21.0, "published": true}, {"hash": "iQXKSGyr95c", "uri": "/contracts/iQXKSGyr95c#defeasance", "label": "Indenture (General Maritime Corp/)", "score": 21.0, "published": true}], "snippet": "Subject to certain conditions set forth in the Indenture, the Company at any time may terminate some or all of its obligations under the Securities and the Indenture if the Company deposits with the Trustee money or U.S. Government Obligations for the payment of principal and interest on the Securities to redemption or maturity, as the case may be.", "size": 314, "hash": "68a5650a5991612c4788b2a9ceb4dfa6", "id": 3}, {"snippet_links": [{"key": "the-company-will", "type": "clause", "offset": [26, 42]}, {"key": "all-obligations", "type": "clause", "offset": [102, 117]}, {"key": "in-respect-of", "type": "definition", 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"type": "definition", "offset": [1485, 1497]}, {"key": "a-party", "type": "clause", "offset": [1533, 1540]}, {"key": "no-default", "type": "clause", "offset": [1570, 1580]}, {"key": "date-of", "type": "clause", "offset": [1672, 1679]}, {"key": "the-company-shall", "type": "clause", "offset": [1698, 1715]}, {"key": "directed-to", "type": "definition", "offset": [1770, 1781]}, {"key": "the-internal-revenue-service", "type": "definition", "offset": [1808, 1836]}, {"key": "gain-or-loss", "type": "clause", "offset": [1928, 1940]}, {"key": "federal-income-tax-purposes", "type": "clause", "offset": [1945, 1972]}, {"key": "exercise-of", "type": "clause", "offset": [2002, 2013]}, {"key": "to-federal", "type": "definition", "offset": [2069, 2079]}, {"key": "in-the-same-manner", "type": "definition", "offset": [2114, 2132]}, {"key": "opinion-of-counsel-to-the", "type": "clause", "offset": [2241, 2266]}, {"key": "in-clause", "type": "clause", "offset": [2303, 2312]}, {"key": "valid-security-interest", "type": "clause", "offset": [2425, 2448]}, {"key": "no-prior-liens", "type": "clause", "offset": [2479, 2493]}, {"key": "an-officers", "type": "clause", "offset": [2558, 2569]}, {"key": "each-case", "type": "definition", "offset": [2613, 2622]}, {"key": "conditions-precedent", "type": "clause", "offset": [2640, 2660]}, {"key": "relating-to", "type": "definition", "offset": [2681, 2692]}], "samples": [{"hash": "lRmBK1clxdR", "uri": "/contracts/lRmBK1clxdR#defeasance", "label": "Senior Indenture (Donaldson Lufkin & Jenrette Inc /Ny/)", "score": 18.0, "published": true}, {"hash": "dmcILAcLVVb", "uri": "/contracts/dmcILAcLVVb#defeasance", "label": "Senior Indenture (Donaldson Lufkin & Jenrette Inc /Ny/)", "score": 18.0, "published": true}, {"hash": "a9wrEN0abVT", "uri": "/contracts/a9wrEN0abVT#defeasance", "label": "Senior Indenture (Credit Suisse First Boston Usa Inc)", "score": 18.0, "published": true}], "snippet": "Except as provided below, the Company will be deemed to have paid and will be discharged from any and all obligations in respect of the Securities of any series and the provisions of this Indenture will no longer be in effect with respect to the Securities of such series (and the Trustee, at the expense of the Company, shall execute proper instruments acknowledging the same); provided that the following conditions shall have been satisfied:\n(a) the Company has irrevocably deposited in trust with the Trustee as trust funds solely for the benefit of the Holders of the Securities of such series, for payment of the Principal of and interest on the Securities of such series, money or U.S. Government Obligations or a combination thereof sufficient (unless such funds consist solely of money, in the opinion of a nationally recognized firm of independent public accountants expressed in a written certification thereof delivered to the Trustee) without consideration of any reinvestment and after payment of all federal, state and local taxes or other charges and assessments in respect thereof payable by the Trustee, to pay and discharge the Principal of and accrued interest on the outstanding Securities of such series to maturity or earlier redemption (irrevocably provided for under arrangements satisfactory to the Trustee), as the case may be;\n(b) such deposit will not result in a breach or violation of, or constitute a default under, this Indenture or any other material agreement or instrument to which the Company is a party or by which it is bound;\n(c) no Default with respect to the Securities of such series shall have occurred and be continuing on the date of such deposit;\n(d) the Company shall have delivered to the Trustee (i) either (x) a ruling directed to the Trustee received from the Internal Revenue Service to the effect that the Holders of the Securities of such series will not recognize income, gain or loss for federal income tax purposes as a result of the Company's exercise of its option under this Section 8.02 and will be subject to federal income tax on the same amount and in the same manner and at the same times as would have been the case if such deposit and defeasance had not occurred or (y) an Opinion of Counsel to the same effect as the ruling described in clause (x) above and (ii) an Opinion of Counsel to the effect that the Holders of the Securities of such series have a valid security interest in the trust funds subject to no prior liens under the UCC; and\n(e) the Company has delivered to the Trustee an Officers' Certificate and an Opinion of Counsel, in each case stating that all conditions precedent provided for herein relating to the defeasance contemplated by this Section 8.02 of the Securities of such series have been complied with. The Company's obligations in Sections 2.02 through 2.12, 4.02, 7.07, 7.08 and 8.05 with respect to the Securities of such series shall survive until such Securities are no longer outstanding. Thereafter, only the Company's obligations in Sections 7.07 and 8.05 shall survive.", "size": 144, "hash": "7154df706d7d3781fe96cc3cfca24861", "id": 6}, {"snippet_links": [{"key": "remic-trust", "type": "definition", "offset": [40, 51]}, {"key": "prior-to-the", "type": "clause", "offset": [52, 64]}, {"key": "the-note", "type": "clause", "offset": [113, 121]}, {"key": "subject-to-section", "type": "clause", "offset": [183, 201]}, {"key": "borrower-will", "type": "clause", "offset": [220, 233]}, {"key": "right-to", "type": "definition", "offset": [243, 251]}, {"key": "the-loan", "type": "clause", "offset": [260, 268]}, {"key": "release-of", "type": "clause", "offset": [308, 318]}, {"key": "the-mortgaged-property", "type": "clause", "offset": [319, 341]}, {"key": "the-lien", "type": "clause", "offset": [347, 355]}, {"key": "security-instrument", "type": "clause", "offset": [363, 382]}, {"key": "satisfaction-of", "type": "clause", "offset": [392, 407]}, {"key": "lockout-period", "type": "definition", "offset": [597, 611]}, {"key": "expiration-of-the", "type": "clause", "offset": [629, 646]}, {"key": "defeasance-period", "type": "definition", "offset": [647, 664]}, {"key": "unpaid-principal-balance", "type": "clause", "offset": [720, 744]}, {"key": "accrued-interest-on", "type": "definition", "offset": [749, 768]}, {"key": "other-amounts-payable", "type": "clause", "offset": [774, 795]}, {"key": "pursuant-to-section-11", "type": "clause", "offset": [812, 834]}, {"key": "lender-notice", "type": "clause", "offset": [871, 884]}, {"key": "defeasance-notice", "type": "definition", "offset": [887, 904]}, {"key": "business-day", "type": "clause", "offset": [920, 932]}, {"key": "defeasance-closing-date", "type": "definition", "offset": [935, 958]}, {"key": "by-borrower", "type": "clause", "offset": [1050, 1061]}, {"key": "calendar-days", "type": "clause", "offset": [1086, 1099]}, {"key": "by-lender", "type": "definition", "offset": [1191, 1200]}, {"key": "receipt-of", "type": "clause", "offset": [1226, 1236]}, {"key": "successor-borrower", "type": "clause", "offset": [1324, 1342]}, {"key": "defeasance-fee", "type": "clause", "offset": [1484, 1498]}, {"key": "if-borrower", "type": "clause", "offset": [1647, 1658]}, {"key": "other-obligations", "type": "definition", "offset": [1725, 1742]}, {"key": "liquidated-damages-for", "type": "clause", "offset": [1822, 1844]}, {"key": "except-as-provided-in", "type": "clause", "offset": [1869, 1890]}, {"key": "further-obligations", "type": "clause", "offset": [1948, 1967]}], "samples": [{"hash": "fqOgsPUA6IT", "uri": "/contracts/fqOgsPUA6IT#defeasance", "label": "Multifamily Loan and Security Agreement (KBS Legacy Partners Apartment REIT, Inc.)", "score": 24.4250507355, "published": true}, {"hash": "cx0eWA5atnE", "uri": "/contracts/cx0eWA5atnE#defeasance", "label": "Multifamily Loan and Security Agreement (Preferred Apartment Communities Inc)", "score": 24.0746059418, "published": true}, {"hash": "bAhCCwNB3AC", "uri": "/contracts/bAhCCwNB3AC#defeasance", "label": "Multifamily Loan and Security Agreement (Preferred Apartment Communities Inc)", "score": 24.0746059418, "published": true}], "snippet": "(Section Applies if Loan is Assigned to REMIC Trust Prior to the Cut-off Date). This Section 11.12 will apply if the Note is assigned to a REMIC trust prior to the Cut-off Date, and, subject to Section 11.12(a) and (c), Borrower will have the right to defease the Loan in whole (\u201cDefeasance\u201d) and obtain the release of the Mortgaged Property from the Lien of the Security Instrument upon the satisfaction of each of the following conditions:\n(a) Borrower will not have the right to obtain Defeasance at any of the following times:\n(i) If the Loan is not assigned to a REMIC trust.\n(ii) During the Lockout Period.\n(iii) After the expiration of the Defeasance Period.\n(iv) After Lender has accelerated the maturity of the unpaid principal balance of, accrued interest on, and other amounts payable under, the Note pursuant to Section 11 of the Note.\n(b) Borrower will give Lender Notice (\u201cDefeasance Notice\u201d) specifying a Business Day (\u201cDefeasance Closing Date\u201d) on which Borrower desires to close the Defeasance. The Defeasance Closing Date specified by Borrower may not be more than 60 calendar days, nor less than 30 calendar days, after the date on which the Defeasance Notice is received by Lender. Lender will acknowledge receipt of the Defeasance Notice and will state in such receipt whether Lender will designate the Successor Borrower or will permit Borrower to designate the Successor Borrower.\n(c) The Defeasance Notice must be accompanied by a $10,000 non-refundable fee (\u201cDefeasance Fee\u201d). If Lender does not receive the Defeasance Fee, then Borrower\u2019s right to obtain Defeasance pursuant to that Defeasance Notice will terminate.\n(i) If Borrower timely pays the Defeasance Fee, but Borrower fails to perform its other obligations under this Section, Lender will have the right to retain the Defeasance Fee as liquidated damages for Borrower\u2019s default and, except as provided in Section 11.12(d)(ii), Borrower will be released from all further obligations under this Section 11.", "size": 131, "hash": "a655556a58b7f915d6cd68953db12c1f", "id": 7}, {"snippet_links": [{"key": "the-indenture", "type": "clause", "offset": [0, 13]}, {"key": "with-respect-to", "type": "clause", "offset": [14, 29]}, {"key": "terms-of-the", "type": "clause", "offset": [126, 138]}, {"key": "payment-of", "type": "definition", "offset": [155, 165]}, {"key": "the-securities", "type": "clause", "offset": [173, 187]}, {"key": "irrevocable-deposit", "type": "clause", "offset": [215, 234]}, {"key": "the-trustee", "type": "clause", "offset": [240, 251]}, {"key": "government-obligations", "type": "definition", "offset": [268, 290]}, {"key": "in-accordance-with", "type": "definition", "offset": [346, 364]}, {"key": "article-14", "type": "definition", "offset": [365, 375]}], "samples": [{"hash": "tBHBGvlGSd", "uri": "/contracts/tBHBGvlGSd#defeasance", "label": "Supplemental Indenture (Prospect Capital Corp)", "score": 37.306640625, "published": true}, {"hash": "hggJapbMaWM", "uri": "/contracts/hggJapbMaWM#defeasance", "label": "Supplemental Indenture (Prospect Capital Corp)", "score": 37.2874755859, "published": true}, {"hash": "2P8oYjjVuEG", "uri": "/contracts/2P8oYjjVuEG#defeasance", "label": "Supplemental Indenture (Prospect Capital Corp)", "score": 37.2299804688, "published": true}], "snippet": "The Indenture with respect to any series will be discharged and cancelled except for certain Sections thereof, subject to the terms of the Indenture, upon payment of all of the Securities of such series or upon the irrevocable deposit with the Trustee of cash or U.S. Government Obligations (or a combination thereof) sufficient for such payment in accordance with Article 14 of the Indenture.", "size": 349, "hash": "5663396c15e5b8e751b41dda331a1812", "id": 2}, {"snippet_links": [{"key": "subject-to", "type": "definition", "offset": [0, 10]}, {"key": "certain-conditions", "type": "clause", "offset": [11, 29]}, {"key": "the-issuer", "type": "definition", "offset": [58, 68]}, {"key": "at-any-time", "type": "clause", "offset": [69, 80]}, {"key": "the-notes-and-the-indenture", "type": "clause", "offset": [132, 159]}, {"key": "the-trustee", "type": "clause", "offset": [188, 199]}, {"key": "government-obligations", "type": "definition", "offset": [214, 236]}, {"key": "principal-of", "type": "definition", "offset": [256, 268]}, {"key": "interest-on-the-notes", "type": "clause", "offset": [273, 294]}, {"key": "the-case", "type": "definition", "offset": [325, 333]}], "samples": [{"hash": "4su6PJPPVKI", "uri": "/contracts/4su6PJPPVKI#defeasance", "label": "Tenth Supplemental Indenture (United States Steel Corp)", "score": 32.1129379272, "published": true}, {"hash": "jRQajnvhX2l", "uri": "/contracts/jRQajnvhX2l#defeasance", "label": "Ninth Supplemental Indenture (United States Steel Corp)", "score": 29.1998634338, "published": true}, {"hash": "6v2T0yrJ7ny", "uri": "/contracts/6v2T0yrJ7ny#defeasance", "label": "Eighth Supplemental Indenture (United States Steel Corp)", "score": 28.5893230438, "published": true}], "snippet": "Subject to certain conditions set forth in the Indenture, the Issuer at any time may terminate some or all of its obligations under the Notes and the Indenture if the Issuer deposits with the Trustee money or U.S. Government Obligations for the payment of principal of and interest on the Notes to redemption or maturity, as the case may be.", "size": 115, "hash": "8fd146cd719d5ed7f104848e98d7e439", "id": 8}, {"snippet_links": [{"key": "upon-the-company", "type": "definition", "offset": [0, 16]}, {"key": "exercise-of-the-option", "type": "clause", "offset": [19, 41]}, {"key": "section-43", "type": "clause", "offset": [55, 66]}, {"key": "applicable-to", "type": "definition", "offset": [67, 80]}, {"key": "with-respect-to", "type": "clause", "offset": [94, 109]}, {"key": "securities-of-a-series", "type": "definition", "offset": [114, 136]}, {"key": "the-company-shall", "type": "clause", "offset": [138, 155]}, {"key": "as-specified", "type": "clause", "offset": [288, 300]}, {"key": "the-conditions", "type": "clause", "offset": [320, 334]}, {"key": "section-46", "type": "clause", "offset": [348, 359]}, {"key": "represented-by", "type": "clause", "offset": [527, 541]}, {"key": "for-the-purposes-of", "type": "clause", "offset": [653, 672]}, {"key": "section-47", "type": "clause", "offset": [673, 684]}, {"key": "other-sections", "type": "clause", "offset": [693, 707]}, {"key": "in-clause", "type": "clause", "offset": [738, 747]}, {"key": "other-obligations", "type": "definition", "offset": [800, 817]}, {"key": "the-trustee", "type": "clause", "offset": [979, 990]}, {"key": "of-the-company", "type": "clause", "offset": [1007, 1021]}, {"key": "company-order", "type": "definition", "offset": [1032, 1045]}, {"key": "holders-of", "type": "clause", "offset": [1209, 1219]}, {"key": "to-receive", "type": "definition", "offset": [1273, 1283]}, {"key": "trust-funds", "type": "clause", "offset": [1301, 1312]}, {"key": "in-respect-of", "type": "definition", "offset": [1414, 1427]}, {"key": "principal-of", "type": "definition", "offset": [1432, 1444]}, {"key": "and-interest", "type": "clause", "offset": [1462, 1474]}, {"key": "payment-of-additional-amounts", "type": "definition", "offset": [1697, 1726]}, {"key": "pursuant-to-section", "type": "clause", "offset": [1789, 1808]}, {"key": "trustee-hereunder", "type": "clause", "offset": [1884, 1901]}, {"key": "article-4", "type": "clause", "offset": [1916, 1925]}, {"key": "compliance-with", "type": "definition", "offset": [1938, 1953]}, {"key": "notwithstanding-the", "type": "definition", "offset": [2025, 2044]}, {"key": "section-45", "type": "clause", "offset": [2080, 2091]}, {"key": "an-event-of-default", "type": "definition", "offset": [2247, 2266]}], "samples": [{"hash": "9POKOGZn07c", "uri": "/contracts/9POKOGZn07c#defeasance", "label": "Indenture (Fidelity National Information Services, Inc.)", "score": 37.1861724854, "published": true}, {"hash": "6Mx7tOUZqEG", "uri": "/contracts/6Mx7tOUZqEG#defeasance", "label": "Indenture (Fidelity National Information Services, Inc.)", "score": 37.1861724854, "published": true}, {"hash": "iSSwbKNVK84", "uri": "/contracts/iSSwbKNVK84#defeasance", "label": "Indenture (Fidelity National Information Services, Inc.)", "score": 37.1533203125, "published": true}], "snippet": "Upon the Company\u2019s exercise of the option specified in Section 4.3 applicable to this Section with respect to the Securities of a series, the Company shall be deemed to have been discharged from its obligations with respect to such Securities and any coupons appertaining thereto (except as specified below) on the date the conditions set forth in Section 4.6 are satisfied (hereinafter \u201cdefeasance\u201d). For this purpose, such defeasance means that the Company shall be deemed to have paid and discharged the entire indebtedness represented by such Securities and any coupons appertaining thereto which shall thereafter be deemed to be \u201cOutstanding\u201d only for the purposes of Section 4.7 and the other Sections of this Indenture referred to in clause (ii) of this Section, and to have satisfied all its other obligations under such Securities and any coupons appertaining thereto and this Indenture insofar as such Securities and any coupons appertaining thereto are concerned (and the Trustee, at the expense of the Company, shall on Company Order execute proper instruments acknowledging the same), except the following which shall survive until otherwise terminated or discharged hereunder: (i) the rights of Holders of such Securities and any coupons appertaining thereto to receive, solely from the trust funds described in Section 4.6(a) and as more fully set forth in such Section and in Section 4.7, payments in respect of the principal of premium, if any, and interest, if any, on such Securities and any coupons appertaining thereto when such payments are due; (ii) the Company\u2019s obligations with respect to such Securities under Sections 3.4, 3.5, 3.6, 9.2 and 9.3 and with respect to the payment of Additional Amounts, if any, payable with respect to such Securities as specified pursuant to Section 3.1(b)(18); (iii) the rights, powers, trusts, duties and immunities of the Trustee hereunder and (iv) this Article 4. Subject to compliance with this Article 4, the Company may exercise its option under this Section notwithstanding the prior exercise of its option under Section 4.5 with respect to such Securities and any coupons appertaining thereto. Following a defeasance, payment of such Securities may not be accelerated because of an Event of Default.", "size": 111, "hash": "1cbe81903a8c8117d1ca1e7036db3fa3", "id": 9}, {"snippet_links": [{"key": "the-indenture", "type": "clause", "offset": [0, 13]}, {"key": "at-any-time", "type": "clause", "offset": [91, 102]}, {"key": "in-respect-of", "type": "definition", "offset": [149, 162]}, {"key": "security-and", "type": "clause", "offset": [168, 180]}, {"key": "certain-restrictive-covenants", "type": "clause", "offset": [185, 214]}, {"key": "defaults-and-events-of-default", "type": "clause", "offset": [219, 249]}, {"key": "each-case", "type": "definition", "offset": [254, 263]}, {"key": "compliance-by-the-company", "type": "clause", "offset": [269, 294]}, {"key": "certain-conditions", "type": "clause", "offset": [300, 318]}], "samples": [{"hash": "jZGad76nh61", "uri": "/contracts/jZGad76nh61#defeasance", "label": "Indenture (Boston Scientific Corp)", "score": 30.861738205, "published": true}, {"hash": "coRqyKaZVOR", "uri": "/contracts/coRqyKaZVOR#defeasance", "label": "Indenture (Boston Scientific Corp)", "score": 30.376455307, "published": true}, {"hash": "82V6zpCT710", "uri": "/contracts/82V6zpCT710#defeasance", "label": "Indenture (Boston Scientific Corp)", "score": 30.376455307, "published": true}], "snippet": "The Indenture contains provisions (which provisions apply to this Security) for defeasance at any time of (a) the entire indebtedness of the Company in respect of this Security and (b) certain restrictive covenants and Defaults and Events of Default, in each case upon compliance by the Company with certain conditions set forth therein.", "size": 166, "hash": "e3786be408ef19dc14dc32b3fd1bcd8d", "id": 5}], "next_curs": "ClMSTWoVc35sYXdpbnNpZGVyY29udHJhY3Rzci8LEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhNkZWZlYXNhbmNlIzAwMDAwMDBhDKIBAmVuGAAgAA==", "clause": {"parents": [["miscellaneous", "Miscellaneous"], ["limitation-on-the-exercise-of-certain-rights-related-to-affiliate-insolvency-proceedings", "Limitation on the Exercise of Certain Rights Related to Affiliate Insolvency Proceedings"], ["entire-agreement", "Entire Agreement"], ["further-assurances", "Further Assurances"], ["electronic-signatures", "Electronic Signatures"]], "title": "Defeasance", "children": [["successor-borrower", "Successor Borrower"], ["", ""], ["conditions-to-defeasance", "Conditions to Defeasance"], ["defeasance-collateral-account", "Defeasance Collateral Account"], ["defeasance", "Defeasance"]], "size": 8266, "id": "defeasance", "related": [["defeasance-and-covenant-defeasance", "DEFEASANCE AND COVENANT DEFEASANCE", "<strong>DEFEASANCE</strong> AND COVENANT <strong>DEFEASANCE</strong>"], ["defeasance-and-discharge-of-indenture", "Defeasance and Discharge of Indenture", "<strong>Defeasance</strong> and Discharge of Indenture"], ["satisfaction-and-discharge-defeasance", "Satisfaction and Discharge Defeasance", "Satisfaction and Discharge <strong>Defeasance</strong>"], ["defeasance-and-discharge", "Defeasance and Discharge", "<strong>Defeasance</strong> and Discharge"], ["satisfaction-and-discharge-of-indenture-defeasance", "Satisfaction and Discharge of Indenture; Defeasance", "Satisfaction and Discharge of Indenture; <strong>Defeasance</strong>"]], "related_snippets": [], "updated": "2026-05-06T04:38:42+00:00"}, "json": true, "cursor": ""}}