Covenant Defeasance definition

Covenant Defeasance has the meaning specified in Section 1303.
Covenant Defeasance has the meaning assigned to it in Section 8.1(c).
Covenant Defeasance has the meaning specified in Section 13.03.

Examples of Covenant Defeasance in a sentence

  • If the funds deposited with the Trustee to effect Covenant Defeasance are insufficient to pay the principal of, premium (including the Redemption Premium), if any, and interest on the Notes when due because of any acceleration occurring after an Event of Default, then the Issuer and the Guarantors shall remain liable for such payments.

  • If the Issuers exercise their Covenant Defeasance option, each Guarantor will be released and relieved of any obligations under its Subsidiary Guarantee and any security for the Notes (other than the trust) will be released and the Security Documents, insofar as they relate to the rights of Holders of the Notes, will cease to be of further effect with respect to the Notes.

  • Thereafter, only the Issuer’s obligations in Sections 5.06 and 9.05 shall survive.Section 9.03 Covenant Defeasance.

  • Thereafter, only the Issuer’s obligations in Section 5.06 and 9.05 shall survive.Section 9.03 Covenant Defeasance.

  • The subordination of the Securities of a series provided by this Article Twelve is expressly made subject to the provisions for Defeasance or Covenant Defeasance in Article Thirteen hereof and, anything herein to the contrary notwithstanding, upon the effectiveness of any such Defeasance or Covenant Defeasance, the Securities of such series then outstanding shall thereupon cease to be subordinated pursuant to this Article Twelve.


More Definitions of Covenant Defeasance

Covenant Defeasance shall have the meaning specified in Section 8.3.
Covenant Defeasance has the meaning specified in Section 1403.
Covenant Defeasance shall have the meaning set forth in Section 10.1(C).
Covenant Defeasance has the meaning specified in Section 1503.
Covenant Defeasance has the meaning set forth in Section 8.02. -------------------
Covenant Defeasance has the meaning specified in Section 1303 of this Indenture.
Covenant Defeasance has the meaning specified in Section 13.03 of this Indenture.