Common use of Option to Effect Legal Defeasance or Covenant Defeasance Clause in Contracts

Option to Effect Legal Defeasance or Covenant Defeasance. The Company may, at the option of its Board of Directors evidenced by a resolution set forth in an Officers' Certificate, at any time, elect to have either Section 8.2 or 8.3 hereof be 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 the option of its Board of Directors evidenced by a resolution set forth in an Officers' Certificate, at any time, elect to have either Section 8.2 or 8.3 hereof be applied to all outstanding Notes upon compliance with the conditions set forth below in this Article VIII8.

Option to Effect Legal Defeasance or Covenant Defeasance. The Company may, at the option of its Board of Directors evidenced by a resolution set forth in an Officers' Officer's Certificate, at any time, elect to have either Section 8.2 8.02 or 8.3 8.03 hereof be applied to all outstanding Notes upon compliance with the conditions set forth below in this Article VIII8.

Option to Effect Legal Defeasance or Covenant Defeasance. The Company may, at the option of its Board of Directors evidenced by a resolution set forth in an Officers' Certificate, at any time, elect to have either Section 8.2 8.02 or 8.3 8.03 hereof be applied to all outstanding Senior Notes upon compliance with the conditions set forth below in this Article VIIIEight.

Option to Effect Legal Defeasance or Covenant Defeasance. The Company may, at the option of its Board of Directors evidenced by a resolution set forth in an Officers' Certificate, at any time, with respect to the Notes, elect to have either Section 8.2 or 8.3 hereof be 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 the option of its Board of Directors evidenced by a resolution set forth in an Officers' ’ Certificate, at any time, elect to have either Section 8.2 8.04 or 8.3 hereof be 8.05 applied to all outstanding 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 the option of its Board of Directors evidenced by a resolution set forth in an Officers' CertificateBoard Resolution, at any time, elect to have either Section 8.2 8.02 or 8.3 8.03 hereof be applied to all outstanding Notes upon compliance with the conditions set forth below in this Article VIII8.

Option to Effect Legal Defeasance or Covenant Defeasance. The Company may, at the option of its Board of Directors evidenced by a resolution set forth in an Officers' Officer's Certificate, at any time, elect to have exercise its rights under either Section 8.2 or 8.3 hereof be applied with respect to all outstanding Notes upon compliance with the conditions set forth below in this Article VIIIEight.

Option to Effect Legal Defeasance or Covenant Defeasance. The Company may, at the option of its Board of Directors evidenced by a resolution set forth in an Officers' Certificate, at any time, elect to have either Section 8.2 8.02 or 8.3 Section 8.03 hereof be applied to all Notes and Subsidiary Guarantees then outstanding Notes upon compliance with the conditions set forth below in this Article VIII8.

Option to Effect Legal Defeasance or Covenant Defeasance. The Company may, at the option of its Board of Directors evidenced by a resolution set forth in an Officers' Certificate, at any time, elect to have either Section 8.2 8.02 or 8.3 8.03 hereof be applied to all outstanding Notes upon compliance with the conditions set forth below in this Article VIIIEight.

Option to Effect Legal Defeasance or Covenant Defeasance. The Company may, at the option of its Board of Directors evidenced by a resolution set forth in an Officers' Certificate, at any time, elect to have either Section 8.2 8.02 or 8.3 8.03 hereof be applied to all outstanding Notes and Subsidiary Guarantees upon compliance with the conditions set forth below in this Article VIII8.

Option to Effect Legal Defeasance or Covenant Defeasance. The Company may, at the option of its the Board of Directors evidenced by a resolution set forth in an Officers' Certificate, at any time, elect to have either Section 8.2 14.2 or 8.3 hereof 14.3 be applied to all outstanding Notes upon compliance with the conditions set forth below in this Article VIII14.

Option to Effect Legal Defeasance or Covenant Defeasance. The Company may, at the option of its Board of Directors evidenced by a resolution set forth in an Officers' Certificate, at any time, elect to have either Section 8.2 8.4 or 8.3 8.5 hereof be applied to all outstanding Notes 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 the option of its Board of Directors evidenced by a resolution set forth in an Officers' Certificate, at any time, elect to have either Section 8.2 8.02 or 8.3 8.03 hereof be applied to all outstanding Notes Securities upon compliance with the conditions set forth below in this Article VIII8.

Option to Effect Legal Defeasance or Covenant Defeasance. The Company maymay at any time, at the option of its Board of Directors evidenced by a resolution Board Resolution set forth in an Officers' Officer’s Certificate, at any time, elect to have either Section 8.2 12.2 or 8.3 12.3 hereof be applied to all outstanding Notes Securities of a series upon compliance with the conditions set forth below in this Article VIIIXII.

Option to Effect Legal Defeasance or Covenant Defeasance. The Company may, at the option of its Board of Directors evidenced by a resolution set forth in an Officers' Certificate, at any time, with respect to the Notes, elect to have either Section 8.2 8.02 or 8.3 hereof 8.03 be applied to all outstanding Notes upon compliance with the conditions set forth below in this Article VIIIEight.

Option to Effect Legal Defeasance or Covenant Defeasance. The Company may, at the option of its the Board of Directors evidenced by a resolution set forth in an Officers' Certificate, at any time, elect to have either Section 8.2 or 8.3 hereof be applied to all outstanding Notes upon compliance with the conditions set forth below in this Article VIII8.

Option to Effect Legal Defeasance or Covenant Defeasance. The Company may, at the option of its Board of Directors evidenced by a resolution set forth in an Officers' Certificate, at any time, elect to have either Section 8.2 8.02 or 8.3 8.03 hereof be applied to all outstanding Notes and Subsidiary Guarantees upon compliance with the conditions set forth below in this Article VIIIEight.

Option to Effect Legal Defeasance or Covenant Defeasance. The Company may, at the option of its Board of Directors evidenced by a resolution set forth in an Officers' Certificate, at any time, elect to have either Section 8.2 or 8.3 hereof be applied to all outstanding Notes upon compliance with the conditions set forth below in this Article VIII8.

Option to Effect Legal Defeasance or Covenant Defeasance. The Company may, at the option of its Board of Directors Directors, evidenced by a resolution Board Resolution set forth in an Officers' CertificateCertificate of the Company, at any time, with respect to the Securities, elect to have either Section 8.2 8.03 or 8.3 hereof Section 8.04 below be applied to all the outstanding Notes Securities upon compliance with the conditions set forth below in this Article VIII8.

Option to Effect Legal Defeasance or Covenant Defeasance. The Company may, at the option of its Board of Directors evidenced by a resolution set forth in an Officers' Certificate, at any time, elect to have either Section 8.2 8.02 or 8.3 8.03 hereof be applied to all outstanding Notes upon compliance with the conditions set forth below in this Article VIII8. As of the Issue Date, Section 4(c) of the Repo Agreement imposes limitations on the right of the Company to defease the Notes in certain circumstances.

Option to Effect Legal Defeasance or Covenant Defeasance. The Company may, at the option of its Board of Directors evidenced by a resolution set forth in an Officers' Certificate, at any time, elect to have either Section 8.2 or 8.3 hereof be applied to all outstanding Notes Securities of a Series upon compliance with the conditions set forth below in this Article VIIIEight.

Option to Effect Legal Defeasance or Covenant Defeasance. The Company may, at the option of its the Board of Directors evidenced by a resolution set forth in an Officers' Certificate, at any time, elect to have either Section 8.2 8.02 or 8.3 8.03 hereof be applied to all outstanding Notes upon compliance with the conditions set forth below in this Article VIII8.

Option to Effect Legal Defeasance or Covenant Defeasance. The Company may, at the option of its Board of Directors evidenced by a resolution set forth in an Officers' Certificate, at any time, elect to have either Section 8.2 or 8.3 hereof be applied to all outstanding Notes Securities upon compliance with the conditions set forth below in this Article VIII8.

Option to Effect Legal Defeasance or Covenant Defeasance. The Company may, at the option of its Board of Directors evidenced by a resolution set forth in an Officers' Certificate, at any time, elect to have either Section 8.2 8.02 or 8.3 8.03 hereof be applied to all outstanding Notes Debentures upon compliance with the conditions set forth below in this Article VIII8.

Option to Effect Legal Defeasance or Covenant Defeasance. The Company may, at the option of its Board of Directors evidenced by a resolution set forth in an Officers' Certificate, at any time, elect to have either Section 8.2 8.02 or 8.3 8.03 hereof be applied to all outstanding Senior Notes upon compliance with the conditions set forth below in this Article VIII8.

Option to Effect Legal Defeasance or Covenant Defeasance. The Company may, at the option of its Board of Directors evidenced by a resolution set forth in an Officers' Certificate, at any time, elect to have either Section 8.2 8.02 or 8.3 8.03 hereof be applied to all outstanding Subordinated Notes upon compliance with the conditions set forth below in this Article VIIIEight.

Option to Effect Legal Defeasance or Covenant Defeasance. The Company may, at the option of its Board of Directors evidenced by a resolution set forth in an Officers' Certificate, at any time, elect to have either Section 8.2 8.02 or 8.3 8.03 hereof be applied to all outstanding Senior Notes of any series upon compliance with the conditions set forth below in this Article VIIIEight.

Option to Effect Legal Defeasance or Covenant Defeasance. The Company may, at the option of its Board of Directors evidenced by a resolution set forth in an Officers' Certificate, at any time, elect to have exercise its rights under either Section 8.2 or 8.3 hereof be applied with respect to all outstanding Notes upon compliance with the conditions set forth below in this Article VIII8.

Option to Effect Legal Defeasance or Covenant Defeasance. The Company and the Guarantor may, at the option of its Board their respective Boards of Directors evidenced by a resolution set forth in an Officers' Certificate, at any time, elect to have either Section 8.2 8.02 or 8.3 8.03 hereof be applied to all outstanding Notes and Note Guarantee upon compliance with the conditions set forth below in this Article VIII8.

Option to Effect Legal Defeasance or Covenant Defeasance. The Company may, at the option of its Board of Directors evidenced by a resolution set forth in an Officers' Certificate, at any time, elect to have either Section 8.2 8.02 or 8.3 8.03 hereof be applied to all outstanding Notes upon compliance with the conditions set forth below in this Article VIII8. Notwithstanding the satisfaction and discharge of this Indenture, the obligations of the Company to the Trustee under Section 7.07 shall survive.

Option to Effect Legal Defeasance or Covenant Defeasance. The Company may, at the option of its Board of Directors evidenced by a resolution set forth in an Officers' Certificate, at any time, elect to have either Section 8.2 8.02 or 8.3 8.03 hereof be applied to all outstanding Notes Bonds upon compliance with the conditions set forth below in this Article VIIIEight.

Option to Effect Legal Defeasance or Covenant Defeasance. The Company may, at the option of its Board of Directors evidenced by a resolution set forth in an Officers' Certificate, at any time, elect to have either Section 8.2 8.02 or 8.3 8.03 hereof be applied to all outstanding Notes upon compliance with the conditions set forth below in this Article VIII8."

Option to Effect Legal Defeasance or Covenant Defeasance. The Company may, at the option of its Board of Directors evidenced by a resolution set forth in an Officers' Certificate, at any time, elect to have exercise its rights under either Section 8.2 8.02 or 8.3 8.03 hereof be applied with respect to all outstanding Notes upon compliance with the conditions set forth below in this Article VIIIEight.

Option to Effect Legal Defeasance or Covenant Defeasance. The Company may, at the option of its Board of Directors evidenced by a resolution set forth in an Officers' Certificate, at any time, elect to have either Section 8.2 8.02 or 8.3 8.03 hereof be applied to all outstanding Notes and all outstanding Note Guarantees upon compliance with the conditions set forth below in this Article VIIIEight.

Option to Effect Legal Defeasance or Covenant Defeasance. The Company may, at the option of its Board of Directors evidenced by a resolution set forth in an Officers' Certificate’ Certificate delivered to the Trustee, at any time, elect to have exercise its rights under either Section 8.2 8.02 or 8.3 8.03 hereof be applied with respect to all outstanding Notes upon compliance with the conditions set forth below in this Article VIII8.

Option to Effect Legal Defeasance or Covenant Defeasance. The Company may, at the option of its the Board of Directors evidenced by a resolution Board Resolutions set forth in an Officers' Certificate, at any time, elect to have either Section 8.2 8.02 or 8.3 8.03 hereof be applied to all outstanding Notes upon compliance with the conditions set forth below in this Article VIIIEight.

Option to Effect Legal Defeasance or Covenant Defeasance. The Company may, at the option of its Board of Directors evidenced by a resolution set forth in an Officers' ’ Certificate, at any time, elect to have either Section 8.2 9.02 or 8.3 9.03 hereof be applied to all outstanding Notes upon compliance with the conditions set forth below in this Article VIIINine.

Option to Effect Legal Defeasance or Covenant Defeasance. The Company may, at the option of its Board of Directors evidenced by a resolution set forth in an Officers' CertificateCertificate delivered to the Trustee, at any time, elect to have either Section 8.2 8.02 or 8.3 8.03 hereof be applied to all outstanding Notes upon compliance with the conditions set forth below in this Article VIII8.

Option to Effect Legal Defeasance or Covenant Defeasance. The Company Issuers may, at the option of its the Board of Directors of the Company evidenced by a resolution set forth in an Officers' CertificateCertificate delivered to the Trustee, at any time, elect to have either Section 8.2 8.02 or 8.3 8.03 hereof be applied to all outstanding Notes upon compliance with the conditions set forth below in this Article VIII8.

Option to Effect Legal Defeasance or Covenant Defeasance. The Company may, at the option of its Board of Directors evidenced by a resolution set forth in an Officers' Certificate, at any time, elect to have either Section 8.2 8.02 or 8.3 8.03 hereof be applied to all outstanding Notes and Guarantees thereof upon compliance with the conditions set forth below in this Article VIIIEight.

Option to Effect Legal Defeasance or Covenant Defeasance. The Company may, at the option of its Board of Directors evidenced by a resolution set forth in an Officers' Officer's Certificate, at any time, elect to have either Section 8.2 8.02 or 8.3 8.03 hereof be applied to all outstanding Notes upon compliance with the conditions set forth below in this Article VIIIEight.

Option to Effect Legal Defeasance or Covenant Defeasance. The Company may, at the option of its Board of Directors evidenced by a resolution set forth in an Officers' Certificate, at any time, elect to have exercise its rights under either Section 8.2 8.02 or 8.3 8.03 hereof be applied with respect to all outstanding Notes Debentures upon compliance with the conditions set forth below in this Article VIII8.

Option to Effect Legal Defeasance or Covenant Defeasance. The Company may, at the option of its Board of Directors evidenced by a resolution set forth in an Officers' Officer's Certificate, at any time, elect to have either Section 8.2 12.02 or 8.3 12.03 hereof be applied to all outstanding Notes upon compliance with the conditions set forth below in this Article VIII12.

Option to Effect Legal Defeasance or Covenant Defeasance. The Company and the Guarantors may, at the option of its Board their respective Boards of Directors evidenced by a resolution set forth in an Officers' Certificate, at any time, elect to have either Section 8.2 8.02 or 8.3 8.03 hereof be applied to all outstanding Notes and Notes Guarantees upon compliance with the conditions set forth below in this Article VIII8.

Option to Effect Legal Defeasance or Covenant Defeasance. The Company may, at the option of its Board of Directors evidenced by a resolution set forth in an Officers' Certificate, at any time, elect to have either Section 8.2 8.02 or 8.3 Section 8.03 hereof be applied to all Notes then outstanding Notes upon compliance with the conditions set forth below in this Article VIII8.

Option to Effect Legal Defeasance or Covenant Defeasance. The Company may, at the option of its Board of Directors evidenced by a resolution set forth in an Officers' Certificate, at any time, elect to have either Section 8.2 8.02 or 8.3 8.03 hereof be applied to all outstanding Notes and Guarantees upon compliance with the conditions set forth below in this Article VIII8.

Option to Effect Legal Defeasance or Covenant Defeasance. The Company and the Subsidiary Guarantors may, at the option of its Board their respective Boards of Directors evidenced by a resolution set forth in an Officers' Certificate, at any time, elect to have either Section 8.2 8.02 or 8.3 8.03 hereof be applied to all outstanding Notes and Note Guarantees upon compliance with the conditions set forth below in this Article VIII8.

Option to Effect Legal Defeasance or Covenant Defeasance. The Company may, at the option of its Board of Directors evidenced by a resolution set forth in an Officers' Certificate, at any time, elect to have either Section 8.2 8.02 or 8.3 8.03 hereof be applied to all outstanding Notes and the Guarantors' obligations discharged with respect to the Note Guarantees upon compliance with the conditions set forth below in this Article VIIIEight.

Option to Effect Legal Defeasance or Covenant Defeasance. The Company may, at the option of its Board of Directors evidenced by a resolution set forth in an Officers' CertificateCertificate complying with Section 11.04 and 11.05 delivered to the Trustee, at any time, elect to have either Section 8.2 8.02 or 8.3 8.03 hereof be applied to all outstanding Notes upon compliance with the conditions set forth below in this Article VIIIEight.

Option to Effect Legal Defeasance or Covenant Defeasance. The Company may, at the option of its Board of Directors evidenced by a resolution set forth in an Officers' Certificate, at any time, elect to have either Section 8.2 8.02 or 8.3 8.03 hereof be applied to all outstanding Senior Secured Discount Notes upon compliance with the conditions set forth below in this Article VIIIEight.

Option to Effect Legal Defeasance or Covenant Defeasance. The Company may, at the option of its Board of Directors evidenced by a resolution set forth in an Officers' Certificate, Certificate and at any time, with respect to the Senior Notes, elect to have either Section 8.2 8.02 or 8.3 8.03 hereof be applied to all outstanding Senior Notes upon compliance with the conditions set forth below in this Article VIII8.

Option to Effect Legal Defeasance or Covenant Defeasance. The Company may, at the option of its Board of Directors evidenced by a resolution set forth in an Officers' Certificate, at any time, with respect to the Notes, elect to have either Section 8.2 8.02 or 8.3 hereof 8.03 be applied to all outstanding Notes upon compliance with the conditions set forth below in this Article VIIIEight. In the event of Legal Defeasance or Covenant Defeasance, the security interest described under Section 4.18 will be released.

Option to Effect Legal Defeasance or Covenant Defeasance. The Company may, at the option of its Board of Directors evidenced by a resolution set forth in an Officers' CertificateCertificate of the Company, at any time, elect to have either Section 8.2 or 8.3 hereof be 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 the option of its Board of Directors evidenced by a resolution set forth in an Officers' CertificateCertificate complying with Section 13.04 and 13.05 delivered to the Trustee, at any time, elect to have either Section 8.2 8.02 or 8.3 8.03 hereof be applied to all outstanding Notes upon compliance with the conditions set forth below in this Article VIIIEight.

Option to Effect Legal Defeasance or Covenant Defeasance. The Company may, at the option of its Board of Directors evidenced by a resolution set forth in an Officers' Certificate, at any time, elect to have the provisions of either Section 8.2 8.02 or 8.3 hereof be 8.03 applied to all outstanding Notes upon compliance with the conditions set forth below in this Article VIII8.

Option to Effect Legal Defeasance or Covenant Defeasance. The Company may, at the option of its Board of Directors evidenced by a resolution set forth in an Officers' Certificate, at any time, elect to have either Section 8.2 8.02 or 8.3 8.03 hereof be applied to all outstanding Notes Securities of one or more series upon compliance with the conditions set forth below in this Article VIII8.

Option to Effect Legal Defeasance or Covenant Defeasance. The Company may, at the option of its Board of Directors evidenced by a resolution set forth in an Officers' Officer's Certificate, at any time, elect to have either Section 8.2 8.03 or 8.3 8.04 hereof be applied to all outstanding Outstanding Notes and the Guarantees upon compliance with the conditions set forth below in this Article VIII8.

Option to Effect Legal Defeasance or Covenant Defeasance. The Company may, at the option of its the Board of Directors evidenced by a resolution set forth in an Officers' Certificate, at any time, elect to have either Section 8.2 7.02 or 8.3 7.03 hereof be applied to all outstanding Notes upon compliance with the conditions set forth below in this Article VIIIVII.

Option to Effect Legal Defeasance or Covenant Defeasance. The Company may, at the option of its Board of Directors evidenced by a resolution set forth in an Officers' CertificateCertificate delivered to the Trustee, at any time, with respect to the Securities, elect to have either Section 8.2 8.02 or 8.3 8.03 hereof be applied to all outstanding Notes Securities upon compliance with the conditions set forth below in this Article VIII8.