Satisfaction and Discharge; Defeasance Sample Clauses
SATISFACTION AND DISCHARGE; DEFEASANCE. SECTION 401. Termination of Companys Obligations. (a) This Indenture shall upon Company Request cease to be of further effect with respect to the Securities of any series (except as to any surviving rights of registration of transfer or exchange of Securities herein expressly provided for), and the Trustee, at the expense of the Company, shall execute instruments in form and substance satisfactory to the Trustee and the Company acknowledging termination of the Companys obligations under the Securities of such series and this Indenture, when
SATISFACTION AND DISCHARGE; DEFEASANCE. Notwithstanding anything to the contrary contained in any Security Document, the Issuer and any Subsidiary Guarantors shall be entitled to obtain a full release of all of the Collateral from the Liens of the Security Documents upon payment in full of all principal of, premium, if any, and interest and Additional Interest, if any, on the Notes and of all obligations for the payment of money due and owing to the Collateral Agent, the Trustee or the Holders pursuant to the Notes, this Indenture or any Security Documents, or upon the satisfaction and discharge of this Indenture in accordance with Article 8 or upon Legal Defeasance or Covenant Defeasance in accordance with Article 8 of this Indenture; provided that all amounts owing to the Trustee and the Collateral Agent under this Indenture, the Notes, the Guarantees and the Security Documents shall have been paid or duly provided for. Upon the release of any Subsidiary Guarantor from its obligations under this Indenture and its Guarantee pursuant to Section 4.16(c), such Subsidiary Guarantor shall be entitled to obtain the release of all of its Collateral from the Liens of the Security Documents; provided that all amounts owing to the Trustee and the Collateral Agent under this Indenture, the Notes, the Guarantees and the Security Documents shall have been paid or duly provided for. The Liens on the Collateral shall also be released with respect to the Notes and the Guarantees with the consent of each Holder of the Notes affected thereby (including, without limitation, consents obtained in connection with a tender offer or exchange offer for, or purchase of, Notes). Upon delivery by the Issuer to the Collateral Agent of an Officers Certificate and an Opinion of Counsel, each to the effect that all such conditions precedent to such release and reconveyance have been complied with (and which may be the same Officers Certificate and Opinion of Counsel required by Article 9), together with such documentation, if any, as may be required by this Indenture prior to the release of such Collateral, the Collateral Agent shall forthwith take all necessary action (at the written request of and the expense of the Issuer) to release and reconvey to the Issuer and the applicable Subsidiary Guarantors without recourse, representation or warranty all of the Collateral by executing a release in the form provided by the Issuer or the applicable Subsidiary Guarantor and reasonably acceptable to the Collateral Agent, and shall ...
SATISFACTION AND DISCHARGE; DEFEASANCE. The provisions of Article XI of the Base Indenture are deleted and replaced in their entirety by the provisions of Article IX and Article XII of this Supplemental Indenture;
SATISFACTION AND DISCHARGE; DEFEASANCE. The Issuer shall be deemed to have satisfied and discharged all of its obligations under the Indenture upon compliance with the provisions of Section 401 of the Original Indenture. The provisions of Section 402(2) and Section 402(3) of the Original Indenture relating to defeasance shall be applied to the Notes upon compliance with the conditions set forth in such provisions.
SATISFACTION AND DISCHARGE; DEFEASANCE. Subject to Section 15.01, amounts and U.S. Government Obligations deposited in trust with the Trustee pursuant to and in accordance with Article XII and not, at the time of such deposit, prohibited to be deposited under Sections 15.02 or 15.03 shall not be subject to this Article XV.
SATISFACTION AND DISCHARGE; DEFEASANCE. Sections 8.1, 8.3 and 8.4 of the Base Indenture shall not apply to the Notes. Solely with respect to the Notes, any reference in the Base Indenture to Sections 8.1, 8.3 or 8.4 of the Base Indenture shall instead be deemed to refer to Section 7.1, Sections 7.2 and 7.4 or Sections 7.3 and 7.4, respectively, of this Supplemental Indenture; and the reference to Article 8 in the Base Indenture shall be deemed to refer to Article VII of this Supplemental Indenture and Sections 8.2 and 8.5 of the Base Indenture, collectively.
SATISFACTION AND DISCHARGE; DEFEASANCE (a) Article XII of the Base Indenture shall be applicable to the Notes, subject to clause (b) below. (b) Solely with respect to the Notes, the term U.S. Government Obligations, defined in Section 12.3 of the Base Indenture, shall mean euro-denominated securities that are direct obligations (or certificates representing an ownership interest in such obligations) of a member state of the European Union as of the Issue Date (including any agency or instrumentality thereof) for the payment of which the full faith and credit of such government is pledged; provided that such member state has a long-term government debt rating of A1 or higher by Moodys or A+ or higher by S&P or the equivalent rating category of another internationally recognized rating agency.