Common use of Legal Defeasance Clause in Contracts

Legal Defeasance. The Issuer may at its option and at any time, pursuant to a Board Resolution, be discharged from its obligations with respect to the Notes and the Guarantors discharged from their obligations under the Note Guarantees on the date the conditions set forth in Section 9.04 are satisfied (hereinafter, “Legal Defeasance”). For this purpose, such Legal Defeasance means that the Issuer and the Guarantors shall be deemed to have paid and discharged the entire indebtedness represented by the Notes and the Note Guarantees with respect thereto and to have satisfied all its other obligations under such Notes, such Note Guarantees and this Indenture, and this Indenture shall cease to be of further effect as to all outstanding Notes and Note Guarantees (and the Trustee, at the expense of the Issuer, shall, subject to Section 9.06, execute instruments in form and substance reasonably satisfactory to the Trustee and Issuer acknowledging the same), except for the following which shall survive until otherwise terminated or discharged hereunder:

Legal Defeasance. The Issuer may at its option and at any timeoption, pursuant to a by Board ResolutionResolution of the Board of Directors of the Issuer, be discharged from its obligations with respect to the Notes and the Guarantors discharged from their obligations under the Note Guarantees on the date the conditions set forth in Section 9.04 are satisfied (hereinafter, “Legal Defeasance”). For this purpose, such Legal Defeasance means that the Issuer and the Guarantors shall be deemed to have paid and discharged the entire indebtedness represented by the Notes and the Note Guarantees with respect thereto and to have satisfied all its other obligations under such Notes, such Note Guarantees and this Indenture, and this Indenture shall cease to be of further effect insofar as to all outstanding the Notes and Note Guarantees are concerned (and the Trustee, at the expense of the Issuer, shall, subject to Section 9.06, execute instruments in form and substance reasonably satisfactory to the Trustee and Issuer acknowledging the same), except for the following which shall survive until otherwise terminated or discharged hereunder:

Legal Defeasance. The (a) Upon the Issuer’s exercise under Section 8.01 of the option applicable to this Section 8.02, the Issuer may at its option and at any timeSubsidiary Guarantors shall, pursuant subject to a Board Resolutionthe satisfaction of the conditions set forth in Section 8.04, be deemed to have been discharged from its their obligations with respect to the all outstanding Notes (and the Guarantors discharged from their obligations under the any Note Guarantees Guarantees) on the date the conditions set forth in Section 9.04 below are satisfied (hereinafter, “Legal Defeasance”). For this purpose, such Legal Defeasance means that the Issuer and the Guarantors shall be deemed to have paid and discharged the entire indebtedness Indebtedness represented by the Notes outstanding Notes, which shall thereafter be deemed to be “outstanding” only for the purposes of Section 8.05 and the Note Guarantees with respect thereto other Sections of this Indenture referred to in Section 8.02(a)(1) and (2), and to have satisfied all of its other obligations under such Notes, such Note Guarantees the Notes and this Indenture, and this Indenture shall cease to be including that of further effect as to all outstanding Notes and Note Guarantees any Subsidiary Guarantors (and the Trustee, on demand of and at the expense of the Issuer, shall, subject to Section 9.06, shall execute proper instruments in form and substance reasonably satisfactory to the Trustee and Issuer acknowledging the same), except for the following provisions which shall survive until otherwise terminated or discharged hereunder:

Legal Defeasance. The Issuer may may, at its option and at any time, pursuant to a Board Resolution, be discharged from its obligations with respect to the Notes and the Guarantors discharged from their obligations under the Note Guarantees on the date the conditions set forth in Section 9.04 are satisfied (hereinafter, “Legal Defeasance”). For this purpose, such Legal Defeasance means that the Issuer and the Guarantors shall be deemed to have paid and discharged the entire indebtedness Indebtedness represented by the Notes and the Note Guarantees with respect thereto and to have satisfied all its other obligations under such Notes, such Note Guarantees and this Indenture, and this Indenture shall cease to be of further effect as to all outstanding Notes and Note Guarantees (and the Trustee, at the expense of the Issuer, shall, subject to Section 9.06, execute instruments in form and substance reasonably satisfactory to the Trustee and Issuer acknowledging the same), except for the following which shall survive until otherwise terminated or discharged hereunder:

Legal Defeasance. The Issuer may at its option and at any timeoption, pursuant to a by Board Resolution, be discharged from its obligations with respect to the Notes and the Subsidiary Guarantors discharged from their obligations under the Note Subsidiary Guarantees on the date the conditions set forth in Section 9.04 are satisfied (hereinafter, “Legal Defeasance”). For this purpose, such Legal Defeasance means that the Issuer and the Subsidiary Guarantors shall be deemed to have paid and discharged the entire indebtedness represented by the Notes and the Note Subsidiary Guarantees with respect thereto and to have satisfied all its their other obligations under such Notes, such Note Subsidiary Guarantees and this Indenture, and this Indenture shall cease to be of further effect insofar as to all outstanding such Notes and Note Guarantees are concerned (and the Trustee, at the expense of the Issuer, shall, subject to Section 9.06, execute instruments in form and substance reasonably satisfactory to the Trustee and Issuer acknowledging the same, including those provided for in Section 11.04), except for the following which shall survive until otherwise terminated or discharged hereunder:

Legal Defeasance. The Issuer may at its option and at any timeoption, pursuant to a by Board Resolution, be discharged from its obligations with respect to the Notes and the Guarantors discharged from their obligations under the Note Guarantees on the date the conditions set forth in Section 9.04 are satisfied (hereinafter, “Legal Defeasance”). For this purpose, such Legal Defeasance means that the Issuer and the Guarantors shall be deemed to have paid and discharged the entire indebtedness represented by the Notes and the Note Guarantees with respect thereto and to have satisfied all its other obligations under such Notes, such Note Guarantees and this Indenture, and this Indenture shall cease to be of further effect insofar as to all outstanding the Notes and Note Guarantees are concerned (and the Trustee, at the expense of the Issuer, shall, subject to Section 9.06, execute instruments in form and substance reasonably satisfactory to the Trustee and Issuer acknowledging the same), except for the following which shall survive until otherwise terminated or discharged hereunder:

Legal Defeasance. The Issuer may at its option and at any time, pursuant to a Board Resolution, be discharged from its obligations with respect to the Notes and the Guarantors discharged from their obligations under the Note Guarantees on the date the conditions set forth in Section 9.04 are satisfied (hereinafter, “Legal Defeasance”). For this purpose, such Legal Defeasance means that the Issuer and the Guarantors shall be deemed to have paid and discharged the entire indebtedness represented by the Notes and the Note Guarantees with respect thereto and to have satisfied all its other obligations under such Notes, such Note Guarantees and this Indenture, and this Indenture shall cease to be of further effect as to all outstanding Notes and Note Guarantees (and Guarantees(and the Trustee, at the expense of the Issuer, shall, subject to Section 9.06, execute instruments in form and substance reasonably satisfactory to the Trustee and Issuer acknowledging the same), except for the following which shall survive until otherwise terminated or discharged hereunder:

Legal Defeasance. The Issuer may may, at its option and at any time, pursuant elect to a Board Resolution, be discharged from have all of its obligations and the obligations of the Guarantors discharged with respect to the all outstanding Notes and the Guarantors discharged from their obligations under the Note Guarantees on the date the conditions set forth in Section 9.04 are satisfied (hereinafter, “Legal Defeasance”). For this purpose, such Legal Defeasance means that the Issuer and the Guarantors shall be deemed to have paid and discharged the entire indebtedness Indebtedness represented by the outstanding Notes and (including the Note Guarantees with respect thereto Guarantees), to have cured all then existing Events of Default and to have satisfied all of its other obligations under such Notes, such the Note Guarantees Guarantees, this Indenture and this Indenturethe Notes Security Documents, and this Indenture shall cease to be of further effect as to all outstanding have Liens on the Collateral securing the Notes and Note Guarantees released (and the Trustee, on demand of and at the expense of the Issuer, shall, subject to Section 9.06, execute proper instruments in form and substance reasonably satisfactory to the Trustee and Issuer acknowledging the same), except for the following provisions which shall survive until otherwise terminated or discharged hereunder:

Legal Defeasance. The Issuer may may, at its option and at any time, pursuant elect to a Board Resolution, be discharged from have its obligations with respect to the Notes and the Guarantors discharged from their Guarantors’ obligations under the Note Guarantees discharged on the date the conditions set forth in Section 9.04 are satisfied (hereinafter, “Legal Defeasance”). For this purpose, such Legal Defeasance means that the Issuer and the Guarantors shall be deemed to have paid and discharged the entire indebtedness Indebtedness represented by the Notes and the Note Guarantees with respect thereto and to have satisfied all its other obligations under such Notes, such Note Guarantees and this Indenture, and this Indenture shall cease to be of further effect as to all outstanding Notes and Note Guarantees (and the Trustee, at the written direction and expense of the Issuer, shall, subject to Section 9.06, execute instruments in form and substance reasonably satisfactory to the Trustee and Issuer acknowledging the same), except for the following which shall survive until otherwise terminated or discharged hereunder:

Legal Defeasance. The Issuer may at its option and at any timeoption, pursuant to a by Board ResolutionResolution of the Board of Directors of the Issuer, be discharged from its obligations with respect to the Notes of either series and the Guarantors discharged from their obligations under the Note Guarantees with respect to such series of Notes on the date the conditions set forth in Section 9.04 are satisfied (hereinafter, “Legal Defeasance”). For this purpose, such Legal Defeasance means that the Issuer and the Guarantors shall be deemed to have paid and discharged the entire indebtedness represented by the Notes of the relevant series and the Note Guarantees with respect thereto and to have satisfied all its other obligations under such series of Notes, such Note Guarantees and this Indenture, and this Indenture shall cease to be insofar as the Notes of further effect as to all outstanding Notes and Note Guarantees such series are concerned (and the Trustee, at the expense of the Issuer, shall, subject to Section 9.06, execute instruments in form and substance reasonably satisfactory to the Trustee and Issuer acknowledging the same), except for the following which shall survive until otherwise terminated or discharged hereunder:

Legal Defeasance. The Upon the Issuer’s exercise under Section 8.02 of the option applicable to this Section 8.03, the Issuer may at its option and at any timeeach of the Guarantors shall, pursuant subject to a Board Resolutionthe satisfaction of the conditions set forth in Section 8.05, be deemed to have been discharged from its their obligations with respect to all outstanding Notes (including the Notes and the Guarantors discharged from their obligations under the Note Guarantees Guarantees) on the date the conditions set forth in Section 9.04 below are satisfied (hereinafter, “Legal Defeasance”). For this purpose, such Such Legal Defeasance means that the Issuer and the Guarantors shall be deemed to have paid and discharged the entire indebtedness Indebtedness represented by the outstanding Notes (including the Guarantees), which shall thereafter be deemed to be “outstanding” only for the purposes of Section 8.06 and the Note Guarantees with respect thereto other Sections of this Indenture referred to in clauses (1) and (2) below, and to have satisfied all its of their other obligations under such Notes, such Note the Guarantees and this Indenture, and this Indenture shall cease to be of further effect as to all outstanding Notes and Note Guarantees (and the Trustee, on demand of and at the expense of the Issuer, shall, subject to Section 9.06, shall execute proper instruments in form and substance reasonably satisfactory to the Trustee and Issuer acknowledging the same), except for the following provisions which shall survive until otherwise terminated or discharged hereunder:

Legal Defeasance. The Issuer may may, at its option and at any time, pursuant elect to a Board Resolution, be discharged from have all of its obligations and the obligations of the Guarantors discharged with respect to the all outstanding Notes and the Guarantors discharged from their obligations under the Note Guarantees on the date the conditions set forth in Section 9.04 are satisfied (hereinafter, “Legal Defeasance”). For this purpose, such Legal Defeasance means that the Issuer and the Guarantors shall be deemed to have paid and discharged the entire indebtedness Indebtedness represented by the outstanding Notes and (including the Note Guarantees with respect thereto Guarantees), to have cured all then existing Events of Default and to have satisfied all of its other obligations under such Notes, such the Note Guarantees Guarantees, this Indenture and this Indenturethe Third Lien Notes Security Documents, and this Indenture shall cease to be of further effect as to all outstanding have Liens on the Collateral securing the Notes and Note Guarantees released (and the Trustee, on demand of and at the expense of the Issuer, shall, subject to Section 9.06, execute proper instruments in form and substance reasonably satisfactory to the Trustee and Issuer acknowledging the same), except for the following provisions which shall survive until otherwise terminated or discharged hereunder:

Legal Defeasance. The Issuer may at its option and at any time, pursuant to a Board Resolution, be discharged from its obligations with respect to the Notes and the Guarantors discharged from their obligations under the Note Guarantees on the date the conditions set forth in Section 9.04 are satisfied (hereinafter, “Legal Defeasance”). For this purpose, such Legal Defeasance means that the Issuer and the Guarantors shall be deemed to have paid and discharged the entire indebtedness represented by the Notes and the Note Guarantees with respect thereto and to have satisfied all its other obligations under such Notes, such Note Guarantees and this Indenture, and this the Indenture shall cease to be of further effect as to all outstanding Notes and Note Guarantees (and Guarantees(and the Trustee, at the expense of the Issuer, shall, subject to Section 9.06, execute instruments in form and substance reasonably satisfactory to the Trustee and Issuer acknowledging the same), except for the following which shall survive until otherwise terminated or discharged hereunder:

Legal Defeasance. The Issuer may may, at its option and at any time, pursuant elect to a Board Resolution, be discharged from have all of its obligations and the obligations of the Guarantors discharged with respect to the all outstanding Notes and the Guarantors discharged from their obligations under the Note Guarantees on the date the conditions set forth in Section 9.04 are satisfied (hereinafter, “Legal Defeasance”). For this purpose, such Legal Defeasance means that the Issuer and the Guarantors shall be deemed to have paid and discharged the entire indebtedness Indebtedness represented by the outstanding Notes and (including the Note Guarantees with respect thereto Guarantees), to have cured all then existing Events of Default and to have satisfied all of its other obligations under such Notes, such the Note Guarantees Guarantees, this Indenture and this Indenturethe First Lien Notes Security Documents, and this Indenture shall cease to be of further effect as to all outstanding have Liens on the Collateral securing the Notes and Note Guarantees released (and the Trustee, on demand of and at the expense of the Issuer, shall, subject to Section 9.06, execute proper instruments in form and substance reasonably satisfactory to the Trustee and Issuer acknowledging the same), except for the following provisions which shall survive until otherwise terminated or discharged hereunder: