Discharge of Indenture; Defeasance Sample Clauses


Discharge of Indenture; Defeasance. The provisions of Article 8 of the Base Indenture are deleted and replaced in their entirety by the provisions of Article 8 of this Supplemental Indenture;


Discharge of Indenture; Defeasance. SECTION 10.01.Termination of the Issuer's Obligations.The Issuer may terminate its obligations under the Notes, this Indenture and the Security Documents and the obligations of the Guarantors under the Note Guarantees, this Indenture and the Security Documents and this Indenture and the Security Documents shall cease to be of further effect, except those obligations referred to in the penultimate paragraph of this Section 10.01, if:

Discharge of Indenture; Defeasance. SECTION 8.01. Discharge of Liability on Securities; Defeasance. (a) When (i) the Company delivers to the Trustee all outstanding Securities (other than Securities replaced pursuant to Section 2.07) for cancelation or (ii) all outstanding Securities have become due and payable, whether at maturity or as a result of the mailing of a notice of redemption pursuant to Article 3 hereof and the Company irrevocably deposits with the Trustee funds sufficient to pay at maturity or upon redemption all outstanding Securities, including interest thereon to maturity or such redemption date (other than Securities replaced pursuant to Section 2.07), and if in either case the Company pays all other sums payable hereunder by the Company, then this Indenture shall, subject to Section 8.01(c), cease to be of further effect. The Trustee shall acknowledge satisfaction and discharge of this Indenture on demand of the Company accompanied by an Officers Certificate and an Opinion of Counsel and at the cost and expense of the Company. (b) Subject to Sections 8.01(c) and 8.02, the Company at any time may terminate (i) all its obligations under the Securities and this Indenture (legal defeasance option) or (ii) its obligations under Sections 4.02, 4.06, 4.07 and 4.08, and the operation of Sections 6.01(3), 6.01(4) and 6.01(5) (but, in the case of Sections 6.01(4) and 6.01(5), with respect only to Significant Subsidiaries) (covenant defeasance option). The Company may exercise its legal defeasance option notwithstanding its prior exercise of its covenant defeasance option. If the Company exercises its legal defeasance option, payment of the Securities may not be accelerated because of an Event of Default with respect thereto. If the Company exercises its covenant defeasance option, payment of the Securities may not be accelerated because of an Event of Default specified in Sections 6.01(3), 6.01(4) and 6.01(5) (but, in the case of Sections 6.01(4) and 6.01(5), with respect only to Significant Subsidiaries). Upon satisfaction of the conditions set forth herein and upon request of the Company, the Trustee shall acknowledge in writing the discharge of those obligations that the Company terminates. (c) Notwithstanding clauses (a) and (b) above, the Companys obligations in Sections 2.03, 2.04, 2.05, 2.06, 2.07, 2.08, 7.07 and 7.08 and in this Article 8 shall survive until the Securities have been paid in full. Thereafter, the Companys obligations in Sections 7.07, 8.04 and 8.05 shall ...

Discharge of Indenture; Defeasance. Section 9.01. Section 9.02. Section 9.03. Section 9.04. Section 9.05. Section 9.06. Section 9.07. Section 9.08. Discharge of Indenture. Legal Defeasance. Covenant Defeasance. Conditions to Defeasance or Covenant Defeasance. Deposited Money and U.S. Government Obligations to Be Held in Trust; Other Miscellaneous Provisions. Reinstatement. Moneys Held by Paying Agent. Moneys Held by Trustee.

Discharge of Indenture; Defeasance. The Notes shall not be subject to the provisions of Article 9 of the Indenture.

Discharge of Indenture; Defeasance. The Notes issued under this Third Supplemental Indenture shall not be subject to the provisions of Article Four or Article Thirteen of the Original Indenture.

Discharge of Indenture; Defeasance. SECTION 8.01 Termination of the Issuer's Obligations 67 SECTION 8.02 Legal Defeasance and Covenant Defeasance 68 SECTION 8.03 Conditions to Legal Defeasance or Covenant Defeasance 69 SECTION 8.04 Application of Trust Money 70 SECTION 8.05 Repayment to the Issuer 71 SECTION 8.06 Reinstatement 71


Discharge of Indenture; Defeasance