Satisfaction and Discharge; Defeasance and Covenant Defeasance Sample Clauses

Satisfaction and Discharge; Defeasance and Covenant 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.
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Satisfaction and Discharge; Defeasance and Covenant Defeasance. Amounts and Government Obligations deposited in trust with the Trustee pursuant to and in accordance with Articles Four and Fourteen and not, at the time of such deposit, prohibited to be deposited under Sections 1602 or 1603 shall not be subject to this Article Sixteen. This Indenture may be executed in any number of counterparts, each of which so executed shall be deemed to be an original, but all such counterparts shall together constitute but one and the same Indenture.
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Satisfaction and Discharge; Defeasance and Covenant Defeasance. (a) Solely as it relates to the Senior Notes, the term “U.S. Government Obligations” as used in the Base Indenture shall be replaced in its entirety with the term “Government Obligations” defined as follows:
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Satisfaction and Discharge; Defeasance and Covenant Defeasance. 76 Section 15.11. Trustee Not Fiduciary for Holders of Senior Indebtedness. 76 PARENT GUARANTEE Section 16.01. Parent Guarantee. 76 Section 16.02. Successors and Assigns. 79 Section 16.03. No Waiver. 79 Section 16.04. Modification. 79 Section 16.05. Non-Impairment. 79 Section 16.06. Subordination of Parent Guarantee. 79 ARTICLE XVII MISCELLANEOUS PROVISIONS Section 17.01. Certificates and Opinions as to Conditions Precedent. 79 Section 17.02. Trust Indenture Act Controls. 80 Section 17.03. Notices to the Companies and Trustee. 80 Section 17.04. Notices to Securityholders; Waiver. 81 Section 17.05. Legal Holiday. 82 Section 17.06. Effects of Headings and Table of Contents. 82 Section 17.07. Successors and Assigns. 82 Section 17.08. Separability Clause; Entire Agreement. 82 Section 17.09. Benefits of Indenture. 82 Section 17.10. Counterparts Originals. 83 Section 17.11. Governing Law; Waiver of Trial by Jury; Jurisdiction. 83 Section 17.12. Force Majeure. 84 Section 17.13. U.S.A. Patriot Act. 84 Exhibit A Form of Security INDENTURE dated as of May 16, 2022, among NXP B.V. (“NXP B.V.”), NXP Funding LLC, a Delaware limited liability company (“NXP Funding”) and NXP USA, Inc., a Delaware corporation (“NXP USA” and together with NXP Funding and NXP B.V., each a “Company” and collectively, the “Companies”), NXP Semiconductors N.V. (the “Parent Guarantor”) and Deutsche Bank Trust Company Americas, a New York banking corporation, as trustee (the “Trustee”).
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Satisfaction and Discharge; Defeasance and Covenant Defeasance. Subject to Section 15.1, monies, U.S. Government Obligations and Canadian 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 15.2 or 15.3 shall not be subject to this Article XV.
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Satisfaction and Discharge; Defeasance and Covenant Defeasance 
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Related to Satisfaction and Discharge; Defeasance and Covenant Defeasance

  • Satisfaction and Discharge Defeasance 31 Section 8.1. Satisfaction and Discharge of Indenture..................................... 31 Section 8.2. Application of Trust Funds; Indemnification................................. 32 Section 8.3. Legal Defeasance of Securities of any Series................................ 32 Section 8.4. Covenant Defeasance......................................................... 34 Section 8.5. Repayment to Company........................................................ 35 ARTICLE IX.

  • Legal Defeasance and Discharge Upon the Issuer’s exercise under Section 8.01 hereof of the option applicable to this Section 8.02, the Issuer and the Guarantors shall, subject to the satisfaction of the conditions set forth in Section 8.04 hereof, be deemed to have been discharged from their obligations with respect to all outstanding Notes and Guarantees on the date the conditions set forth below are satisfied (“Legal Defeasance”). For this purpose, Legal Defeasance means that the Issuer shall be deemed to have paid and discharged the entire Indebtedness represented by the outstanding Notes, which shall thereafter be deemed to be “outstanding” only for the purposes of Section 8.05 hereof and the other Sections of this Indenture referred to in (a) and (b) below, and to have satisfied all its other obligations under such Notes and this Indenture including that of the Guarantors (and the Trustee, on demand of and at the expense of the Issuer, shall execute proper instruments acknowledging the same), except for the following provisions which shall survive until otherwise terminated or discharged hereunder:

  • DEFEASANCE AND COVENANT DEFEASANCE SECTION 1301.

  • Legal Defeasance and Covenant Defeasance 67 Section 8.01. Option to Effect Legal Defeasance or Covenant Defeasance..... 67 Section 8.02. Legal Defeasance and Discharge............................... 67 Section 8.03.

  • Satisfaction and Discharge of Indenture; Defeasance (a) If at any time the Company shall have delivered to the Trustee for cancellation all Debt Securities of any series theretofore authenticated and delivered (other than any Debt Securities of such series which shall have been destroyed, lost or stolen and which shall have been replaced or paid as provided in Section 2.09 and Debt Securities for whose payment money has theretofore been deposited in trust and thereafter repaid to the Company as provided in Section 11.05) or all Debt Securities of such series not theretofore delivered to the Trustee for cancellation shall have become due and payable, or are by their terms to become due and payable within one year or are to be called for redemption within one year under arrangements satisfactory to the Trustee for the giving of notice of redemption, and the Company shall deposit with the Trustee as trust funds the entire amount in cash sufficient to pay at final maturity or upon redemption all Debt Securities of such series not theretofore delivered to the Trustee for cancellation, including principal and premium, if any, and interest due or to become due on such date of maturity or Redemption Date, as the case may be, and if in either case the Company shall also pay or cause to be paid all other sums payable hereunder by the Company, then this Indenture shall cease to be of further effect (except as to any surviving rights of registration of transfer or exchange of such Debt Securities herein expressly provided for) with respect to the Debt Securities of such series, and the Trustee, on demand of the Company accompanied by an Officers’ Certificate and an Opinion of Counsel and at the cost and expense of the Company, shall execute proper instruments acknowledging satisfaction of and discharging this Indenture with respect to the Debt Securities of such series.

  • Conditions to Legal Defeasance or Covenant Defeasance The following shall be the conditions to the application of either Section 8.02(b) or 8.02(c) hereof to the outstanding Notes:

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