Government Obligations. At the Company's option, either (a) the Company shall be deemed to have been Discharged (as defined below) from its obligations with respect to Debt Securities of any series ("legal defeasance option") or (b) the Company shall cease to be under any obligation to comply with any term, provision or condition set forth in Section 10.01 with respect to Debt Securities of any series (and, if so specified pursuant to Section 3.01, any other obligation of the Company or restrictive covenant added for the benefit of such series pursuant to Section 3.01) ("covenant defeasance option") at any time after the applicable conditions set forth below have been satisfied:
Appears in 6 contracts
Samples: Indenture (Hilton Hotels Corp), Indenture (Hilton Hotels Corp), Scotts Company
Government Obligations. At the Company's option, either (a) the Company shall be deemed to have been Discharged (as defined below) from its obligations with respect to Debt Securities of any series ("legal defeasance option") or (b) the Company shall cease to be under any obligation to comply with any term, provision or condition set forth in Section 10.01 10.1 with respect to Debt Securities of any series (and, if so specified pursuant to Section 3.013.1, any other obligation of the Company or restrictive covenant added for the benefit of such series pursuant to Section 3.013.1) ("covenant defeasance option") at any time after the applicable conditions set forth below have been satisfied:
Appears in 5 contracts
Samples: Indenture (Rga Capital Trust Ii), Indenture (Rga Capital Trust Ii), Reinsurance Group of America Inc
Government Obligations. At the Company's option, either (a) the Company shall be deemed to have been Discharged (as defined below) from its obligations with respect to Debt Securities of any series ("legal defeasance option") or (b) the Company shall cease to be under any obligation to comply with any term, provision or condition set forth in Section 10.01 Sections 10.1, 12.2 and 12.4 with respect to Debt Securities of any series (and, if to the extent so specified pursuant to Section 3.013.1, any other obligation of the Company or restrictive covenant added for the benefit of such series pursuant to Section 3.013.1) ("covenant defeasance option") at any time after the applicable conditions set forth below have been satisfied:
Appears in 2 contracts
Samples: Indenture (MGM Grand Inc), MGM Grand Inc
Government Obligations. At the Company's ’s option, either (a) the Company shall be deemed to have been Discharged (as defined below) from its obligations with respect to Debt Securities of any series ("“legal defeasance option"”) or (b) the Company shall cease to be under any obligation to comply with any term, provision or condition set forth in Section 10.01 Sections 10.1, 12.2 and 12.4 with respect to Debt Securities of any series (and, if to the extent so specified pursuant to Section 3.013.1, any other obligation of the Company or restrictive covenant added for the benefit of such series pursuant to Section 3.013.1) ("“covenant defeasance option"”) at any time after the applicable conditions set forth below have been satisfied:
Appears in 1 contract
Government Obligations. At the Company's option, either (a) the Company shall be deemed to have been Discharged (as defined below) from its obligations with respect to Debt Securities of any series ("legal defeasance option") or (b) the Company shall cease to be under any obligation to comply with any term, provision or condition set forth in Section 10.01 Article X with respect to Debt Securities of any series (and, if so specified pursuant to Section 3.013.1, any other obligation of the Company or restrictive covenant added for the benefit of such series pursuant to Section 3.013.1) ("covenant defeasance option") at any time after the applicable conditions set forth below have been satisfied:
Appears in 1 contract
Samples: Talx Corp
Government Obligations. At the Company's ’s option, either (a) the Company shall be deemed to have been Discharged (as defined below) from its obligations with respect to Debt Securities of any series ("“legal defeasance option"”) or (b) the Company shall cease to be under any obligation to comply with any term, provision or condition set forth in Section 10.01 with respect to Debt Securities of any series (and, if so specified pursuant to Section 3.01, any other obligation of the Company or restrictive covenant added for the benefit of such series pursuant to Section 3.01) ("“covenant defeasance option"”) at any time after the applicable conditions set forth below have been satisfied:
Appears in 1 contract
