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

Option to Effect Legal Defeasance or Covenant Defeasance. Unless otherwise designated pursuant to Section 2.1(20), the Securities of any series shall be subject to defeasance or covenant defeasance pursuant to Section 8.2 or 8.3, in accordance with any applicable requirements provided pursuant to Section 2.1 and upon compliance with the conditions set forth in this Article VIII. The Company may, at its option and at any time, elect to have either Section 8.2 or 8.3 hereof be applied to all outstanding Securities of any series so subject to defeasance or covenant defeasance. Any such election shall be evidenced by a Board Resolution of the Company or in another manner specified as contemplated by Section 2.1 for such Securities.

Option to Effect Legal Defeasance or Covenant Defeasance. Unless otherwise designated pursuant to clause (20) of Section 2.1(20)2.01, the Securities of any series shall be subject to defeasance or covenant defeasance pursuant to Section 8.2 8.02 or 8.3Section 8.03, in accordance with any applicable requirements provided pursuant to Section 2.1 2.01 and upon compliance with the conditions set forth in this Article VIII. The Company may, at its option and at any time, elect to have either Section 8.2 8.02 or 8.3 Section 8.03 hereof be applied to all outstanding Securities of any series so subject to defeasance or covenant defeasance. Any such election shall be evidenced by a Board Resolution of the Company or in another manner specified as contemplated by Section 2.1 2.01 for such Securities.

Option to Effect Legal Defeasance or Covenant Defeasance. Unless otherwise designated pursuant to Section 2.1(202.1(21), the Securities of any series shall be subject to defeasance or covenant defeasance pursuant to Section 8.2 or 8.3, in accordance with any applicable requirements provided pursuant to Section 2.1 and upon compliance with the conditions set forth in this Article VIII. The Company may, at its option and at any time, elect to have either Section 8.2 or 8.3 hereof be applied to all outstanding Securities of any series so subject to defeasance or covenant defeasance. Any such election shall be evidenced by a Board Resolution of the Company or in another manner specified as contemplated by Section 2.1 for such Securities.

Option to Effect Legal Defeasance or Covenant Defeasance. Unless otherwise designated pursuant to clause (19) of Section 2.1(20)2.01, the Securities of any series shall be subject to defeasance or covenant defeasance pursuant to Section 8.2 8.02 or 8.3Section 8.03, in accordance with any applicable requirements provided pursuant to Section 2.1 2.01 and upon compliance with the conditions set forth in this Article VIII. The Company may, at its option and at any time, elect to have either Section 8.2 8.02 or 8.3 Section 8.03 hereof be applied to all outstanding Securities of any series so subject to defeasance or covenant defeasance. Any such election shall be evidenced by a Board Resolution of the Company or in another manner specified as contemplated by Section 2.1 2.01 for such Securities.

Option to Effect Legal Defeasance or Covenant Defeasance. Unless otherwise designated pursuant to clause (20) of Section 2.1(20)2.01, the Securities of any series shall be subject to defeasance or covenant defeasance pursuant to Section 8.2 8.02 or 8.3Section 8.03, in accordance with any applicable requirements provided pursuant to Section 2.1 2.01 and upon compliance with the conditions set forth in this Article VIII. The Company Issuer may, at its option and at any time, elect to have either Section 8.2 8.02 or 8.3 Section 8.03 hereof be applied to all outstanding Securities of any series so subject to defeasance or covenant defeasance. Any such election shall be evidenced by a Board Resolution of the Company Issuer or in another manner specified as contemplated by Section 2.1 2.01 for such Securities.

Option to Effect Legal Defeasance or Covenant Defeasance. Unless otherwise designated pursuant to Section 2.1(202.1(o), the Securities of any series shall be subject to defeasance or covenant defeasance pursuant to Section 8.2 or 8.3, in accordance with any applicable requirements provided pursuant to Section 2.1 and upon compliance with the conditions set forth in this Article VIII. The Company may, at its option and at any time, elect to have either Section 8.2 or 8.3 hereof be applied to all outstanding Securities of any series so subject to defeasance or covenant defeasance. Any such election shall be evidenced by a Board Resolution of the Company or in another manner specified as contemplated by Section 2.1 for such Securities.

Option to Effect Legal Defeasance or Covenant Defeasance. Unless otherwise designated pursuant to Section 2.1(202.1(t), the Securities of any series shall be subject to defeasance or covenant defeasance pursuant to Section 8.2 or Section 8.3, in accordance with any applicable requirements provided pursuant to Section 2.1 and upon compliance with the conditions set forth in this Article VIII. The Company may, at its option and at any time, elect to have either Section 8.2 or Section 8.3 hereof be applied to all outstanding Securities of any series so subject to defeasance or covenant defeasance. Any such election shall be evidenced by a Board Resolution of the Company or in another manner specified as contemplated by Section 2.1 for such Securities.

Option to Effect Legal Defeasance or Covenant Defeasance. Unless otherwise designated pursuant to in Section 2.1(202.01(w), the Securities of any series shall be subject to defeasance or covenant defeasance pursuant to Section 8.2 8.02 or 8.3Section 8.03, in accordance with any applicable requirements provided pursuant to Section 2.1 2.01 and upon compliance with the conditions set forth in this Article VIII. The Company may, at its option and at any time, elect to have either Section 8.2 8.02 or 8.3 Section 8.03 hereof be applied to all outstanding Securities of any series so subject to defeasance or covenant defeasance. Any such election shall be evidenced by a Board Resolution of the Company or in another manner specified as contemplated by Section 2.1 2.01 for such Securities.

Option to Effect Legal Defeasance or Covenant Defeasance. Unless otherwise designated pursuant to Section 2.1(202.1(t), the Securities of any series shall be subject to defeasance or covenant defeasance pursuant to Section 8.2 or Section 8.3, in accordance with any applicable requirements provided pursuant to Section 2.1 and upon compliance with the conditions set forth in this Article VIII. The Company Issuers may, at its their option and at any time, elect to have either Section 8.2 or Section 8.3 hereof be applied to all outstanding Securities of any series so subject to defeasance or covenant defeasance. Any such election shall be evidenced by a Board Resolution of each of the Company Issuers or in another manner specified as contemplated by Section 2.1 for such Securities.

Option to Effect Legal Defeasance or Covenant Defeasance. Unless otherwise designated pursuant to Section 2.1(20), the Securities of any series shall be subject to defeasance or covenant defeasance pursuant to Section 8.2 or 8.3, in accordance with any applicable requirements provided pursuant to Section 2.1 and upon compliance with the conditions set forth in this Article VIII. The Company Issuer may, at its option and at any time, elect to have either Section 8.2 or 8.3 hereof be applied to all outstanding Securities of any series so subject to defeasance or covenant defeasance. Any such election shall be evidenced by a Board Resolution of the Company Issuer or in another manner specified as contemplated by Section 2.1 for such Securities.

Option to Effect Legal Defeasance or Covenant Defeasance. Unless otherwise designated pursuant to Section 2.1(202.1(22), the Securities of any series shall be subject to defeasance or covenant defeasance pursuant to Section 8.2 or Section 8.3, in accordance with any applicable requirements provided pursuant to Section 2.1 and upon compliance with the conditions set forth in this Article ARTICLE VIII. The Company may, at its option and at any time, elect to have either Section 8.2 or Section 8.3 hereof be applied to all outstanding Securities of any series so subject to defeasance or covenant defeasance. Any such election shall be evidenced by a Board Resolution of the Company or in another manner specified as contemplated by Section 2.1 for such Securities.