Common use of Discharge and Defeasance Clause in Contracts

Discharge and Defeasance. Subject to certain exceptions and conditions set forth in the Indenture, the Company at any time may terminate some or all of its obligations under the Notes and the Indenture if the Company deposits with the Trustee money or U.S. Government Obligations for the payment of principal, premium, if any, interest, if any, on the Notes to redemption or maturity, as the case may be pursuant to the terms of Articles VIII and XI of the Indenture.

Appears in 6 contracts

Samples: Indenture (Broader Media, LLC), Indenture (iHeartMedia, Inc.), Indenture (iHeartMedia, Inc.)

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Discharge and Defeasance. Subject to certain exceptions conditions and conditions limitations set forth in the Indenture, the Company at any time may terminate some of or all of its obligations under the Notes and the Indenture if the Company deposits with the Trustee money or U.S. Government Obligations for the payment of principalprincipal of, premium, if any, and interest, if anyon, on the Notes to redemption or maturity, as the case may be pursuant to the terms of Articles VIII and XI of the Indenturebe.

Appears in 5 contracts

Samples: Supplemental Indenture (Arch Capital Group LTD), Indenture (Validus Holdings LTD), Arch Capital Group Ltd.

Discharge and Defeasance. Subject to certain exceptions and conditions set forth in the Indenture, the Company at any time may terminate some of or all of its obligations under the Notes and the Indenture if the Company deposits with the U.S. Trustee money or U.S. Government Obligations for the payment of principalprincipal of, premiumand interest on, if any, interest, if any, on the Notes to redemption or maturity, as the case may be pursuant to the terms of Articles VIII and XI of the Indenturebe.

Appears in 5 contracts

Samples: Supplemental Indenture (Open Text Corp), Supplemental Indenture (Open Text Corp), Supplemental Indenture (Open Text Corp)

Discharge and Defeasance. Subject to certain exceptions and conditions set forth in the Indenture, the Company at any time may terminate some or all of its their obligations under the Notes and the Indenture if the Company deposits deposit with the Trustee Agent money or U.S. Government Obligations or a combination thereof for the payment of principal, premium, if any, interestany and interest and Additional Interest, if any, on the Notes to redemption or maturity, as the case may be pursuant to the terms of Articles VIII and XI of the Indenturebe.

Appears in 4 contracts

Samples: Churchill Downs Incorporated (Churchill Downs Inc), Indenture (CHURCHILL DOWNS Inc), Churchill Downs Inc

Discharge and Defeasance. Subject to certain exceptions and conditions set forth in the Indenture, the Company at any time may terminate some or all of its obligations under the Notes and the Indenture if the Company deposits with the Trustee money or U.S. Government Obligations for the payment of principal, premium, if any, interest, if any, and interest on the Notes to redemption or maturity, as the case may be pursuant to the terms of Articles VIII and XI of the Indenturebe.

Appears in 3 contracts

Samples: Indenture (loanDepot, Inc.), Indenture (TripAdvisor, Inc.), loanDepot, Inc.

Discharge and Defeasance. Subject to certain exceptions and conditions set forth in the Indenture, the Company at any time may terminate some of or all of its obligations under the Notes and the Indenture if the Company deposits with the Trustee money or U.S. Government Obligations for the payment of principalprincipal of, premium, and premium (if any), interest, if any, on on, the Notes to redemption or maturity, as the case may be pursuant to the terms of Articles VIII and XI of the Indenturebe.

Appears in 3 contracts

Samples: Indenture (Beacon Roofing Supply Inc), Indenture (Beacon Roofing Supply Inc), Indenture (Beacon Roofing Supply Inc)

Discharge and Defeasance. Subject to certain exceptions and conditions set forth in the Indenture, the Company at any time may terminate some of or all of its obligations under the Notes and the Indenture if the Company deposits with the Trustee money or U.S. Government Obligations for the payment of principalprincipal of, premiumand interest and Additional Interest, if any, intereston, if any, on the Notes to redemption or maturity, as the case may be pursuant to the terms of Articles VIII and XI of the Indenturebe.

Appears in 3 contracts

Samples: Supplemental Indenture (Verisign Inc/Ca), Supplemental Indenture (Verisign Inc/Ca), Indenture (Verisign Inc/Ca)

Discharge and Defeasance. Subject to certain exceptions conditions and conditions set forth in accordance with Sections 8.01 and 8.02 of the Indenture, the Company at any time may terminate some or all of its obligations under the Notes and the Indenture if the Company irrevocably deposits with the Trustee money or U.S. Government Obligations for the payment of principal, premium, if any, interest, if any, principal and interest on the Notes to redemption or maturity, as the case may be pursuant to the terms of Articles VIII and XI of the Indenturebe.

Appears in 3 contracts

Samples: Cytec Industries Inc/De/, Cytec Industries Inc/De/, Cytec Industries Inc/De/

Discharge and Defeasance. Subject to certain exceptions and conditions set forth in the Indenture, the Company at any time may terminate some or all of its obligations under the Notes and the Indenture if the Company deposits with the Trustee money or U.S. Government Obligations for the payment of principal, premium, if any, interest, if any, on the Notes to redemption or maturity, as the case may be pursuant to the terms of Articles VIII and XI of the Indenturebe.

Appears in 3 contracts

Samples: Indenture (Atento S.A.), Indenture (Atento S.A.), Indenture (Travelport Worldwide LTD)

Discharge and Defeasance. Subject to certain exceptions and conditions set forth in the Indentureconditions, the Company at any time may shall be entitled to terminate some or all of its obligations under the Notes and the Indenture if the Company deposits or the Subsidiary Guarantors deposit with the Trustee any combination of money or U.S. Government Obligations for the payment of principal, premium, if any, interest, if any, principal and interest on the Notes to redemption or maturity, as the case may be pursuant to the terms of Articles VIII and XI of the Indenturebe.

Appears in 3 contracts

Samples: LGI Homes, Inc., LGI Homes, Inc., LGI Homes, Inc.

Discharge and Defeasance. Subject to certain exceptions and conditions set forth in the Indenture, the Company at any time may shall be entitled to terminate some or all of its and the Guarantors’ obligations under the Notes and the Indenture if the Company deposits with the Trustee money or U.S. Government Obligations for the payment of principal, premium, if any, interest, if any, and interest on the Notes to redemption or maturity, as the case may be pursuant to the terms of Articles VIII and XI of the Indenturebe.

Appears in 2 contracts

Samples: Supplemental Indenture (Autonation, Inc.), Supplemental Indenture (Autonation, Inc.)

Discharge and Defeasance. Subject to certain exceptions and conditions set forth in the Indenture, the Company at any time may terminate some or all of its obligations under the Notes and the Indenture if the Company deposits with the Trustee money or U.S. Government Obligations for the payment of principal, premium, if any, interest, if any, principal and interest on the Notes to redemption or maturity, as the case may be pursuant to the terms of Articles VIII and XI of the Indenturebe. 7 Include in Regulation S Temporary Global Note only.

Appears in 2 contracts

Samples: Indenture (F&G Annuities & Life, Inc.), Supplemental Indenture (FGL Holdings)

Discharge and Defeasance. Subject to certain exceptions conditions and conditions limitations set forth in the Indenture, the Company at any time may terminate some of or all of its obligations under the Notes and the Indenture (or elect to have the some or all of the obligations of the Guarantor under the Guarantee and Indenture terminated) if the Company deposits with the Trustee money or U.S. Government Obligations for the payment of principalprincipal of, premium, if any, and interest, if anyon, on the Notes to redemption or maturity, as the case may be pursuant to the terms of Articles VIII and XI of the Indenturebe.

Appears in 2 contracts

Samples: First Supplemental Indenture (Arch Capital Group Ltd.), Arch Capital Group Ltd.

Discharge and Defeasance. Subject to certain exceptions and conditions set forth in the Indenture, the Company at any time may terminate some or all of its obligations under the Indenture, the Notes Guarantees, the Registration Rights Agreement and the Indenture Notes if the Company deposits with the Trustee money Trustee, cash in U.S. legal tender or U.S. Government Obligations for the payment of principal, premium, if any, interest, if any, principal and interest on the Notes to redemption or maturity, as the case may be pursuant to the terms of Articles VIII and XI of the Indenturebe.

Appears in 1 contract

Samples: Indenture (Qwest Communications International Inc)

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Discharge and Defeasance. Subject to certain exceptions and conditions set forth in the Indenture, the Company at any time may terminate some or all of its obligations under the Notes and the Indenture if the Company deposits with the Trustee money Dollars or U.S. Government Obligations for the payment of principal, premium, if any, interest, if any, any and interest on the Notes to redemption or maturity, as the case may be pursuant to the terms of Articles VIII and XI of the Indenturebe.

Appears in 1 contract

Samples: Indenture (TUTOR PERINI Corp)

Discharge and Defeasance. Subject to certain exceptions and conditions set forth in the Indenture, the Company at any time may shall be entitled to terminate some or all of its and any Guarantors’ obligations under the Notes and the Indenture if the Company deposits with the Trustee money or U.S. Government Obligations for the payment of principal, premium, if any, interest, if any, and interest on the Notes to redemption or maturity, as the case may be pursuant to the terms of Articles VIII and XI of the Indenturebe.

Appears in 1 contract

Samples: Supplemental Indenture (Autonation, Inc.)

Discharge and Defeasance. Subject to certain exceptions and conditions set forth in the Indenture, the Company at any time may terminate some or all of its obligations under the Notes and the Indenture if the Company deposits with the Trustee money or U.S. Government Obligations for the payment of principal, premium, if any, interest, if any, principal of and interest on the Notes to redemption or maturity, as the case may be pursuant to the terms of Articles VIII and XI of the Indenturebe.

Appears in 1 contract

Samples: Joint Operating Agreement (Rutherford-Moran Oil Corp)

Discharge and Defeasance. Subject to certain exceptions and conditions set forth in the Indenture, the Company at any time may terminate some or all of its obligations under the Notes and the Indenture if the Company deposits in trust with the Trustee (in a manner that is not revocable by the Company or any of its Affiliates) money or U.S. Government Obligations (sufficient, without reinvestment, in the opinion of a nationally recognized certified public accounting firm) for the payment of principal, premium, if any, interest, if any, and interest on the Notes to redemption or maturity, as the case may be pursuant to the terms of Articles VIII and XI of the Indenturebe.

Appears in 1 contract

Samples: Ii-Vi Inc

Discharge and Defeasance. Subject to certain exceptions and conditions set forth in the Indenture, the Company at any time may terminate some or all of its obligations under the Notes and the Indenture if the Company deposits with the Trustee money or U.S. Government Obligations for the payment of principal, premium, if any, and interest, if any, on the Notes to redemption or maturity, as the case may be pursuant to the terms of Articles VIII and XI of the Indenturebe.

Appears in 1 contract

Samples: Indenture (Triangle Petroleum Corp)

Discharge and Defeasance. Subject to certain exceptions and conditions set forth in the Indenture, the Company at any time may terminate some or all of its obligations under the Notes and the Indenture if the Company deposits with the Trustee money or U.S. Government Obligations for the payment of principal, premium, if any, interest, if any, and interest on the Notes to redemption or maturity, as the case may be pursuant to the terms of Articles VIII and XI of the Indenturebe.

Appears in 1 contract

Samples: Indenture (OneMain Financial Holdings, Inc.)

Discharge and Defeasance. Subject to certain exceptions and conditions set forth in the Indenture, the Company at any time may terminate some or all of its obligations under the Notes and the Indenture if the Company deposits deposit with the Trustee money or U.S. Government Obligations for the payment of principal, premium, if any, interest, if any, and interest on the Notes to redemption or maturity, as the case may be pursuant to the terms of Articles VIII and XI of the Indenturebe.

Appears in 1 contract

Samples: American Capital, LTD

Discharge and Defeasance. Subject to certain exceptions and conditions set forth contained in the Indenture, the Company at any time may terminate some or all of its obligations under the Notes and the Indenture if the Company irrevocably deposits with the Trustee, the Paying Agent or a trustee satisfactory to the Trustee money or U.S. Government Obligations for the payment of principal, premium, if any, interest, if any, principal and interest on the Notes to redemption maturity or maturityredemption, as the case may be pursuant to the terms of Articles VIII and XI of the Indenturebe. [18].

Appears in 1 contract

Samples: Ameristar Casinos Inc

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