Common use of Discharge Prior to Redemption or Maturity Clause in Contracts

Discharge Prior to Redemption or Maturity. Provided other conditions in the Indenture are met, if the Company irrevocably deposits, or causes to be deposited, with the Trustee money or U.S. Government Obligations sufficient to pay the then outstanding principal of, accrued interest on and Additional Amounts with respect to the Securities to redemption or maturity, the Company will be discharged from the Indenture and the Securities, except in certain circumstances for certain sections thereof.

Appears in 9 contracts

Samples: First Supplemental Indenture (Amvescap PLC/London/), Supplemental Indenture (Invesco Ltd.), Indenture (A I M Management Group Inc /De/)

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Discharge Prior to Redemption or Maturity. Provided other conditions in the Indenture are met, if If the Company irrevocably deposits, or causes to be deposited, with the Trustee money or U.S. Government Obligations sufficient to pay the then outstanding principal of, premium, if any, and accrued interest on and Additional Amounts with respect to the Securities (a) to redemption or maturity, the Company will be discharged from the Indenture and the Securities, except in certain circumstances for certain sections thereof, and (b) to the Stated Maturity, the Company will be discharged from certain covenants set forth in the Indenture.

Appears in 5 contracts

Samples: Indenture (CFP Holdings Inc), 510152 N B LTD, Be Aerospace Inc

Discharge Prior to Redemption or Maturity. Provided other conditions in the Indenture are met, if If the Company irrevocably deposits, or causes to be deposited, with the Trustee money or U.S. Government Obligations sufficient to pay the then outstanding principal ofof and premium, if any, and accrued interest on and Additional Amounts with respect to the Securities to redemption or maturity, the Company will be discharged from the Indenture and the Securities, except in certain circumstances for certain sections thereof.

Appears in 3 contracts

Samples: Indenture (Laidlaw Environmental Services Inc), Indenture (Tropical Sportswear Co Inc), Safety Kleen Corp/

Discharge Prior to Redemption or Maturity. Provided other Subject to certain conditions contained in the Indenture, at any time some or all of the obligations under the Securities, the Subsidiary Guarantees and the Indenture are met, may be terminated if the Company irrevocably deposits, or causes to be deposited, deposits with the Trustee money or U.S. and/or Government Obligations sufficient to pay the then outstanding principal of, accrued and premium, if any, interest on and Additional Amounts with respect to Interest, if any, on, the Securities to redemption or stated maturity, as the Company will be discharged from the Indenture and the Securities, except in certain circumstances for certain sections thereofcase may be.

Appears in 3 contracts

Samples: Indenture (Navistar, Inc.), Indenture (Navistar International Corp), Navistar International Corp

Discharge Prior to Redemption or Maturity. Provided other conditions in the Indenture are met, if If the Company irrevocably deposits, or causes to be deposited, with the Trustee money or U.S. Government Obligations sufficient to pay the then outstanding principal of, premium, if any, and accrued interest on and Additional Amounts with respect to the Securities to redemption or maturity, the Company will be discharged from the Indenture and the Securities, except in certain circumstances for certain sections thereof.

Appears in 2 contracts

Samples: Tri State Outdoor Media Group Inc, Breed Technologies Inc

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Discharge Prior to Redemption or Maturity. Provided other Subject to certain conditions contained in the Indenture, at any time some or all of the obligations under the Securities, the Subsidiary Guarantees and the Indenture are met, may be terminated if the Company irrevocably deposits, or causes to be deposited, deposits with the Trustee money or U.S. and/or Government Obligations sufficient to pay the then outstanding principal of, accrued and premium, if any, and interest (including Additional Interest, if any) on and Additional Amounts with respect to the Securities to redemption or stated maturity, as the Company will be discharged from the Indenture and the Securities, except in certain circumstances for certain sections thereofcase may be.

Appears in 2 contracts

Samples: Indenture (Navistar International Corp), Indenture (Navistar International Corp)

Discharge Prior to Redemption or Maturity. Provided other Subject to certain conditions contained in the Indenture are metIndenture, if the Company irrevocably deposits, or causes may discharge its obligations under the Securities other than Conversion Obligations pursuant to be deposited, Article 12 and the Indenture if (1) all of the Outstanding Securities shall become due and payable at their scheduled Maturity within one year and (2) the Company shall have deposited with the Trustee money or and/or U.S. Government Obligations sufficient to pay the then outstanding principal of, accrued of and interest on and Additional Amounts with respect to all of the Outstanding Securities to redemption on the date of Maturity or maturityredemption, as the Company will be discharged from the Indenture and the Securities, except in certain circumstances for certain sections thereofcase may be.

Appears in 1 contract

Samples: L 3 Communications Holdings Inc

Discharge Prior to Redemption or Maturity. Provided other conditions in the Indenture are met, if If the Company irrevocably deposits, or causes to be deposited, with the Trustee money or U.S. Government Obligations sufficient to pay the then outstanding principal of, accrued interest on and Additional Amounts with respect to the Securities to redemption or maturity, the Company will be discharged from the Indenture and the Securities, except in certain circumstances for certain sections thereof.

Appears in 1 contract

Samples: Indenture (Amvescap PLC/London/)

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