Common use of Discharge and Defeasance Clause in Contracts

Discharge and Defeasance. Subject to certain conditions, the Issuers at any time may terminate some or all of its obligations and the obligations of the Guarantors under this Note and each other Note, the Guarantees and the Indenture if the Issuers irrevocably deposit with the Trustee Euro or European Government Obligations for the payment of principal and interest on the Notes to redemption or maturity, as the case may be.

Appears in 4 contracts

Samples: Senior Indenture (Ardagh Finance Holdings S.A.), Secured Indenture (Ardagh Finance Holdings S.A.), Secured Indenture (Ardagh Finance Holdings S.A.)

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Discharge and Defeasance. Subject to certain conditions, the Issuers Issuer at any time may terminate some or all of its obligations and the obligations of the Subsidiary Guarantors under this Note and each other Notethe Notes, the Guarantees and the Indenture if the Issuers Issuer irrevocably deposit deposits with the Trustee Euro euro or European Government Obligations for the payment of principal and interest on the Notes to redemption or maturity, as the case may be.

Appears in 4 contracts

Samples: Note Accession Agreement (Hungarian Telephone & Cable Corp), Indenture (Hungarian Telephone & Cable Corp), Invitel Holdings a/S

Discharge and Defeasance. Subject to certain conditions, the Issuers at any time may terminate some or all of its obligations and the obligations of the Guarantors under this Note and each other Note, the Guarantees and the Indenture if the Issuers irrevocably deposit with the Trustee Euro euro or European Government Obligations for the payment of principal and interest on the Notes to redemption or maturity, as the case may be.

Appears in 3 contracts

Samples: Indenture (Ardagh Group S.A.), Indenture (Ardagh Group S.A.), Indenture (Ardagh Group S.A.)

Discharge and Defeasance. Subject to certain conditions, the Issuers Issuer at any time may terminate some or all of its obligations and under the obligations of the Guarantors under this Note and each other Note, the Guarantees Notes and the Indenture if the Issuers irrevocably deposit Issuer, among other things, deposits with the Trustee Euro cash in euro or European Government Obligations in such amounts (in combination with Qualified Interest Rate Agreements) as will be sufficient for the payment of the entire Indebtedness including principal of, premium and interest on, and Additional Amounts on the Notes to the date of redemption or maturity, as the case may be.

Appears in 3 contracts

Samples: Indenture (Hungarian Telephone & Cable Corp), Invitel Holdings a/S, Invitel Holdings a/S

Discharge and Defeasance. Subject to certain conditions, the Issuers Issuer at any time may terminate some or all of its obligations under the Notes and all obligations of any Guarantor, the Indenture and all liens on Collateral created pursuant to the Security Documents (solely to the extent such liens are for the benefit of the Trustee and the obligations Holders of the Guarantors under this Note and each other Note, the Guarantees and the Indenture Notes) if the Issuers Issuer irrevocably deposit deposits with the Trustee Euro Trustee, euro or European Government Obligations (or a combination thereof) for the payment of principal and interest on the Notes to redemption or maturity, as the case may be.

Appears in 3 contracts

Samples: Indenture (International Game Technology), International Game Technology PLC, International Game Technology PLC

Discharge and Defeasance. Subject to certain conditionsconditions and as set forth in the Indenture, the Issuers Issuer at any time may terminate some of or all of its their obligations and under the obligations of the Guarantors under this Note and each other Note, the Guarantees Notes and the Indenture if the Issuers irrevocably Issuer deposit with the Trustee Euro (or such other entity directed, designated or appointed by the Issuer and reasonably acceptable to the Trustee acting for the Trustee for this purpose) money or European Government Obligations denominated in euro for the payment of principal and interest on the Notes to redemption or maturity, as the case may be.

Appears in 2 contracts

Samples: Execution Version (Kronos Worldwide Inc), Kronos Worldwide Inc

Discharge and Defeasance. Subject to certain conditions, the Issuers Issuer at any time may terminate some of or all of its obligations and under the obligations of the Guarantors under this Note and each other Note, the Guarantees Notes and the Indenture if the Issuers irrevocably deposit Issuer deposits with the Trustee money in euros, Euro or European Government Obligations or a combination thereof for the payment of principal of and interest (including premium, if any) on the Notes Notes, in each case to redemption or maturity, as the case may be.

Appears in 2 contracts

Samples: Indenture (Energizer Holdings, Inc.), Supplemental Indenture (Energizer Holdings, Inc.)

Discharge and Defeasance. Subject to certain conditions, the Issuers at any time may terminate some of or all of its their obligations and under the obligations of the Guarantors under this Note and each other Note, the Guarantees Notes and the Indenture if the Issuers irrevocably Issuers, among other things, deposit or cause to be deposited with the Trustee Euro money or European Government Obligations denominated in euro in such amounts as will be sufficient for the payment of the entire Indebtedness including principal of, premium, if any, and interest on the Notes to the date of redemption or maturity, as the case may be.

Appears in 2 contracts

Samples: NXP Manufacturing (Thailand) Co., Ltd., NXP Manufacturing (Thailand) Co., Ltd.

Discharge and Defeasance. Subject to certain conditionsconditions set forth in the Indenture, the Issuers Issuer at any time may terminate some or all of its obligations and under the obligations of the Guarantors under this Note and each other Note, the Guarantees Notes and the Indenture if the Issuers Issuer irrevocably deposit deposits with the Trustee Euro Paying Agent money or euro-denominated European Government Obligations or a combination thereof (sufficient, without reinvestment, in the opinion of a nationally-recognized certified public accounting firm) for the payment of principal principal, premium (if any) and interest on the Notes to redemption or maturity, as the case may be.

Appears in 2 contracts

Samples: Supplemental Indenture (Axalta Coating Systems Ltd.), Indenture (Axalta Coating Systems Ltd.)

Discharge and Defeasance. Subject to certain conditionsconditions set forth in the Indenture, the Issuers Issuer at any time may terminate some or all of its obligations and under the obligations of the Guarantors under this Note and each other Note, the Guarantees Notes and the Indenture if the Issuers Issuer irrevocably deposit deposits in trust with the Trustee Euro money or euro-denominated European Government Obligations or a combination thereof (sufficient, without reinvestment, in the opinion of a nationally-recognized certified public accounting firm) for the payment of principal principal, premium (if any) and interest on the Notes to redemption or maturity, as the case may be.

Appears in 2 contracts

Samples: Supplemental Indenture (Axalta Coating Systems Ltd.), Indenture (Axalta Coating Systems Ltd.)

Discharge and Defeasance. Subject to certain conditions, the Issuers Issuer at any time may terminate some of or all of its obligations and under the obligations of the Guarantors under this Note and each other Note, the Guarantees Notes and the Indenture with respect to the Notes if the Issuers irrevocably deposit Issuer deposits with the Trustee Euro or euro, European Government Obligations Obligations, or any combination thereof, for the payment of principal of, and interest on the Notes to redemption redemption, or maturity, as the case may be.

Appears in 1 contract

Samples: Supplemental Indenture (Goodyear Tire & Rubber Co /Oh/)

Discharge and Defeasance. Subject to certain conditions, the Issuers Issuer at any time may terminate some or all of its obligations and the obligations of the Guarantors under this Note and each other Note, the Guarantees Note and the Indenture if the Issuers Issuer irrevocably deposit deposits with the Trustee Euro euros or European Government Obligations for the payment of principal and interest on the Notes to redemption or maturity, as the case may be.

Appears in 1 contract

Samples: Ardagh Group S.A.

Discharge and Defeasance. Subject to certain conditions, the Issuers Issuer at any time may terminate some or all of its obligations and the obligations of the Guarantors under this Note and each other Notethe Notes, the Guarantees and the Indenture if the Issuers Issuer irrevocably deposit deposits with the Trustee Euro or European Government Obligations for the payment of principal and interest on the Notes to redemption or maturity, as the case may be.

Appears in 1 contract

Samples: Indenture (InterXion Holding N.V.)

Discharge and Defeasance. Subject to certain conditions, the Issuers Issuer at any time may terminate some of or all of its obligations and under the obligations of the Guarantors under this Note and each other Note, the Guarantees Securities and the Indenture if the Issuers irrevocably deposit Issuer, among other things, deposits with the Trustee Euro cash in euro or European Government Obligations denominated in euro, or a combination thereof, for the payment of principal principal, premium, if any and interest on the Notes Securities to redemption or maturity, as the case may be.

Appears in 1 contract

Samples: Supplemental Indenture (RenPac Holdings Inc.)

Discharge and Defeasance. Subject to certain conditions, the Issuers Issuer at any time may terminate some of or all of its obligations and under the obligations of the Guarantors under this Note and each other Note, the Guarantees Notes and the Indenture with respect to the Notes if the Issuers irrevocably deposit Issuer deposits with the Trustee Euro cash in euro or euro-denominated European Government Obligations Obligations, or any combination thereof, for the payment of principal of, and interest on and premium on, the Notes to redemption or maturity, as the case may be.

Appears in 1 contract

Samples: Indenture (Goodyear Tire & Rubber Co /Oh/)

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Discharge and Defeasance. Subject to certain conditions, the Issuers Issuer at any time may terminate some or all of its obligations and the obligations of the Guarantors under this Note and each other Notethe Notes, the Guarantees and the InterXion Holding N.V. Indenture Page 13 Indenture if the Issuers Issuer irrevocably deposit deposits with the Trustee Euro or European Government Obligations for the payment of principal and interest on the Notes to redemption or maturity, as the case may be.

Appears in 1 contract

Samples: Indenture (InterXion Holding N.V.)

Discharge and Defeasance. Subject to certain conditionsexceptions and conditions set forth in the Indenture, the Issuers at any time may terminate some or all of its their obligations and under the obligations of the Guarantors under this Note and each other Note, the Guarantees Notes and the Indenture if the Issuers irrevocably deposit with the Trustee Euro cash in [Dollars or U.S. Government Obligations] [Euros or Euro-denominated European Government Obligations Obligations] for the payment of principal and principal, premium, if any, interest and, if any on the Notes to redemption or maturity, as the case may be.

Appears in 1 contract

Samples: Indenture (Trinseo S.A.)

Discharge and Defeasance. Subject to certain conditions, the Issuers Issuer at any time may terminate some or all of its obligations and under the obligations of the Guarantors under this Note and each other Note, the Guarantees Notes and the Indenture with respect to the Notes if the Issuers irrevocably deposit Issuer deposits with the Trustee Euro cash in euro or euro-denominated European Government Obligations Obligations, or any combination thereof, for the payment of principal of, and interest on and premium, if any, on, the Notes to redemption or maturity, as the case may be.

Appears in 1 contract

Samples: Indenture (Goodyear Tire & Rubber Co /Oh/)

Discharge and Defeasance. Subject to certain conditions, the Issuers Issuer at any time may terminate some of or all of its obligations and under the obligations of the Guarantors under this Note and each other Note, the Guarantees Securities and the Indenture if the Issuers irrevocably deposit Issuer, among other things, deposits with the Trustee Euro cash in euro or European Government Obligations denominated in euro, or a combination thereof, for the payment of principal principal, premium, if any, and interest on the Notes Securities to redemption or maturity, as the case may be.

Appears in 1 contract

Samples: Intercreditor Agreement (RenPac Holdings Inc.)

Discharge and Defeasance. Subject to certain conditions, the Issuers Issuer at any time may terminate some or all of its obligations and the all obligations of any Guarantor under the Guarantors under this Note and each other NoteNotes, the Guarantees Indenture and all liens on Collateral created pursuant to the Security Documents (solely to the extent such liens are for the benefit of the Trustee and the Indenture Holders of the Notes) if the Issuers Issuer irrevocably deposit deposits with the Trustee Euro Trustee, euro or European Government Obligations (or a combination thereof) for the payment of principal and interest on the Notes to redemption or maturity, as the case may be.

Appears in 1 contract

Samples: Indenture (International Game Technology)

Discharge and Defeasance. Subject to certain conditions, the Issuers Issuer at any time may terminate some or all of its obligations and the obligations of the Guarantors Guarantor under this Note and each other Notethe Notes, the Guarantees Indenture and the Indenture Parent Guarantee if the Issuers Issuer irrevocably deposit deposits with the Trustee Euro money or European Government Obligations Securities for the payment of principal and interest on the Notes to redemption or maturity, as the case may be.

Appears in 1 contract

Samples: Subordination Agreement (Polska Telefonia Cyfrowa Sp Zoo)

Discharge and Defeasance. Subject to certain conditions, the Issuers Issuer at any time may terminate some or all of its obligations and the obligations of the Guarantors under this Note and each other Notethe Notes, the Note Guarantees and the Indenture if the Issuers Issuer irrevocably deposit deposits with the Trustee Euro Trustee, euro or European Government Obligations (or a combination thereof) for the payment of principal and interest on the Notes to redemption or maturity, as the case may be.

Appears in 1 contract

Samples: Indenture (Elster Group SE)

Discharge and Defeasance. Subject to certain conditionsconditions set forth in the Indenture, the Issuers at any time may terminate some or all of its their obligations and under the obligations of the Guarantors under this Note and each other Note, the Guarantees Notes and the Indenture if the Issuers irrevocably deposit in trust with the Trustee Euro money or euro-denominated European Government Obligations (sufficient, without reinvestment, in the opinion of a nationally-recognized certified public accounting firm) for the payment of principal principal, premium (if any) and interest on the Notes to redemption or maturity, as the case may be.

Appears in 1 contract

Samples: Indenture (Axalta Coating Systems Ltd.)

Discharge and Defeasance. Subject to certain conditions, the Issuers Issuer at any time may terminate some or all of its obligations and the obligations of the Guarantors under this Note and each other Notethe Notes, the Guarantees and the Indenture if the Issuers Issuer irrevocably deposit deposits with the Trustee Euro in Euros or European Government Obligations for the payment of principal and interest on the Notes to redemption or maturity, as the case may be.

Appears in 1 contract

Samples: Intercreditor Agreement

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