FOURTEEN DEFEASANCE AND COVENANT DEFEASANCE Sample Clauses

FOURTEEN DEFEASANCE AND COVENANT DEFEASANCE. SECTION 1401. Applicability of Article; Company's Option to Effect Defeasance or Covenant Defeasance................................................ 83
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FOURTEEN DEFEASANCE AND COVENANT DEFEASANCE. SECTION 1401. Company's Option to Effect Defeasance or Covenant Defeasance....76 SECTION 1402. Defeasance and Discharge........................................76
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FOURTEEN DEFEASANCE AND COVENANT DEFEASANCE. 69 SECTION 1401. APPLICABILITY OF ARTICLE; ISSUER'S OPTION TO EFFECT DEFEASANCE OR COVENANT DEFEASANCE. . . .69 SECTION 1402. DEFEASANCE AND DISCHARGE . . . . . . . . . . . . . . . . .69
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FOURTEEN DEFEASANCE AND COVENANT DEFEASANCE. 78 SECTION 1401. Applicability of Article, Company's Option to Effect Defeasance or Covenant Defeasance. . . . . . . . . . . 78 SECTION 1402. Defeasance and Discharge . . . . . . . . . 79
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FOURTEEN DEFEASANCE AND COVENANT DEFEASANCE. SECTION 1401. Company’s Option to Effect Defeasance or Covenant Defeasance. 67 SECTION 1402. Defeasance and Discharge. 67 SECTION 1403. Covenant Defeasance. 67 SECTION 1404. Conditions to Defeasance or Covenant Defeasance. 68 SECTION 1405. Deposited Money and U.S. Government Obligations to Be Held in Trust; Miscellaneous Provisions. 70 SECTION 1406. Reinstatement. 70 ARTICLE FIFTEEN SINKING FUNDS SECTION 1501. Applicability of Article. 71 SECTION 1502. Satisfaction of Sinking Fund Payments with Securities. 71 SECTION 1503. Redemption of Securities for Sinking Fund. 71 ARTICLE SIXTEEN GUARANTEE SECTION 1601. Unconditional Guarantee. 72 SECTION 1602. Execution and Delivery of Guarantee. 74 SECTION 1603. Limitation on Subsidiary Guarantors’ Liability. 74 SECTION 1604. Release of Subsidiary Guarantors from Guarantee. 74 SECTION 1605. Subsidiary Guarantor Contribution. 75 ANNEX A NOTATION OF GUARANTEE 78 INDENTURE, dated as of , among Penn Virginia Corporation, a corporation duly organized and existing under the laws of the Commonwealth of Virginia (herein called the “Company”), having its principal office at One Radnor Corporate Center, 100 Xxxxxxxxxx Xxxx, Xxxxxx, Xxxxxxxxxxxx 00000, and Penn Virginia Holding Corp., a Delaware corporation, Penn Virginia Oil & Gas Corporation (a Virginia corporation), Penn Virginia Oil & Gas Corporation (a Texas corporation), Penn Virginia Resource GP, LLC, a Delaware limited liability company, Penn Virginia Resource LP Corp., a Delaware corporation, and Kanawha Rail Corp., a Virginia corporation, (together, the “Subsidiary Guarantors”), and , a banking corporation, as Trustee (herein called the “Trustee”).
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FOURTEEN DEFEASANCE AND COVENANT DEFEASANCE. 61 SECTION 1401. APPLICABILITY OF ARTICLE; ISSUER'S OPTION TO EFFECT DEFEASANCE OR COVENANT DEFEASANCE......................................................61 -iv- 6
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Related to FOURTEEN DEFEASANCE AND COVENANT DEFEASANCE

  • DEFEASANCE AND COVENANT DEFEASANCE SECTION 1301.

  • Legal Defeasance and Covenant Defeasance Section 8.01 Option to Effect Legal Defeasance or Covenant Defeasance........................................... 77 Section 8.02 Legal Defeasance and Discharge.......................... 77 Section 8.03

  • Conditions to Defeasance or Covenant Defeasance The following shall be the conditions to the application of Section 1302 or Section 1303 to any Securities or any series of Securities, as the case may be:

  • Conditions to Legal Defeasance or Covenant Defeasance The following shall be the conditions to the application of either Section 8.02(b) or 8.02(c) hereof to the outstanding Notes: In order to exercise either Legal Defeasance or Covenant Defeasance:

  • Company’s Option to Effect Defeasance or Covenant Defeasance The Company may elect, at its option at any time, to have Section 1302 or Section 1303 applied to any Securities or any series of Securities, as the case may be, designated pursuant to Section 301 as being defeasible pursuant to such Section 1302 or 1303, in accordance with any applicable requirements provided pursuant to Section 301 and upon compliance with the conditions set forth below in this Article. Any such election shall be evidenced by a Board Resolution or in another manner specified as contemplated by Section 301 for such Securities.

  • SECTION 1303. Covenant Defeasance 59 Section 1304. Conditions to Defeasance or Covenant Defeasance.... 59

  • Option to Effect Defeasance or Covenant Defeasance The Issuer may, at the option of its Board of Directors evidenced by a Board Resolution set forth in an Officer’s Certificate, at any time, elect to have either SECTION 8.2 or 8.3 hereof applied to all outstanding Notes upon compliance with the conditions set forth below in this Article VIII.

  • Option to Effect Legal Defeasance or Covenant Defeasance The Company may at any time, at the option of its Board of Directors evidenced by a resolution set forth in an Officers’ Certificate, elect to have either Section 8.02 or 8.03 hereof be applied to all outstanding Notes upon compliance with the conditions set forth below in this Article 8.

  • Issuer’s Option to Effect Defeasance or Covenant Defeasance The Issuer may, at its option and at any time prior to the Stated Maturity of the Notes, by a resolution of its Board of Directors, elect to have either Section 8.02 or Section 8.03 be applied to all outstanding Notes upon compliance with the conditions set forth below in this Article Eight.

  • Covenant Defeasance Upon the Company’s exercise under Section 8.01 hereof of the option applicable to this Section 8.03, the Company and each Guarantor shall, subject to the satisfaction of the conditions set forth in Section 8.04 hereof, be released from their respective obligations under the covenants contained in Article 4 (other than those in Sections 4.01, 4.02, 4.06, 4.14 and 4.19) on and after the date the conditions set forth below are satisfied (hereinafter, “Covenant Defeasance”), and the Notes shall thereafter be deemed not “outstanding” for the purposes of any direction, waiver, consent or declaration or act of Holders (and the consequences of any thereof) in connection with such covenants, but shall continue to be deemed “outstanding” for all other purposes hereunder (it being understood that such Notes shall not be deemed outstanding for accounting purposes). For this purpose, Covenant Defeasance means that, with respect to the outstanding Notes, the Company and any Guarantor may omit to comply with and shall have no liability in respect of any term, condition or limitation set forth in any such covenant, whether directly or indirectly, by reason of any reference elsewhere herein to any such covenant or by reason of any reference in any such covenant to any other provision herein or in any other document and such omission to comply shall not constitute a Default or an Event of Default under Section 6.01 hereof, but, except as specified above, the remainder of this Indenture and such Notes shall be unaffected thereby. In addition, upon the Company’s exercise under Section 8.01 hereof of the option applicable to this Section 8.03 hereof, subject to the satisfaction of the conditions set forth in Section 8.04 hereof, Sections 6.01(d) through 6.01(i) hereof shall not constitute Events of Default.

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