Applicability of Article; Issuer's Option to Effect Defeasance or Covenant Defeasance. If, pursuant to Section 301, provision is made for either or both of (a) defeasance of the Securities of or within a series under Section 1502 or (b) covenant defeasance of the Securities of or within a series under Section 1503, then the provisions of such Section or Sections, as the case may be, together with the other provisions of this Article (with such modifications thereto as may be specified pursuant to Section 301 with respect to any Securities), shall be applicable to such Securities, any coupons appertaining thereto and any related Guarantee, and the Issuer may at its option by Board Resolution, at any time, with respect to such Securities, any coupons appertaining thereto and any related Guarantee, elect to have Section 1502 (if applicable) or Section 1503 (if applicable) be applied to such Outstanding Securities, any coupons appertaining thereto and any related Guarantee upon compliance with the conditions set forth below in this Article.
Applicability of Article; Issuer's Option to Effect Defeasance or Covenant Defeasance. If pursuant to Section 2.03 provision is made for either or both of (a) defeasance of the Securities of a series under Section 13.02 or (b) covenant defeasance of the Securities of a series under Section 13.03, then the provisions of such Section or Sections, as the case may be, together with the other provisions of this Article Thirteen, shall be applicable to the Securities of such series, and the Issuer may at its option elect at any time, with respect to the Debt Securities of such series, to have either Section 13.02 (if applicable) or Section 13.03 (if applicable) be applied to the outstanding Debt Securities of such series upon compliance with the conditions set forth below in this Article Thirteen.
Applicability of Article; Issuer's Option to Effect Defeasance or Covenant Defeasance. Unless as otherwise specified as contemplated by Section 3.01 for Securities of such series, provision is made for the inapplicability of, in whole or in part, or any modification to, either or both of (a) defeasance of the Securities of a series under Section 13.02 or (b) covenant defeasance of the Securities of a series under Section 13.03, then the provisions of such Section or Sections, as the case may be, together with the other provisions of this Article, shall be applicable to the Securities of such series and the Issuer may at their option by Board Resolutions of the Issuer, at any time, with respect to the Securities of such series elect to have either Section 13.02 (unless inapplicable) or Section 13.03 (unless inapplicable) be applied to the Outstanding Securities of such series upon compliance with the applicable conditions set forth below in this Article.
Applicability of Article; Issuer's Option to Effect Defeasance or Covenant Defeasance. The Issuer may at its option, by or pursuant to a Resolution, at any time, with respect to the Securities of any series elect to have either Section 11.2 or Section 11.3 be applied to the Outstanding Securities of such series upon compliance with the conditions set forth below in this Article Eleven.
Applicability of Article; Issuer's Option to Effect Defeasance or Covenant Defeasance. Unless otherwise provided pursuant to Section 3.01 with respect to Securities of a series, this Article XIII shall be applicable to the Securities of such series, and the Issuer may at its option by Board Resolution, at any time, with respect to the Securities of such series, elect to have either Section 13.02 (if applicable) or Section 13.03 (if applicable) be applied to the Outstanding Securities of such series upon compliance with the conditions set forth below in this Article XIII.
Applicability of Article; Issuer's Option to Effect Defeasance or Covenant Defeasance. If pursuant to Section 3.1 provision is made for either or both of (a) defeasance of the Securities of a series under Section 14.2 or (b) covenant defeasance of the Securities of a series under Section 14.3, then the provisions of such Section or Sections, as the case may be, together with the other provisions of this Article XIV, shall be applicable to the Securities of such series, and the Issuers may at their option by a Board Resolution, at any time, with respect to the Securities of such series, elect to have either Section 14.2 (if applicable) or Section 14.3 (if applicable) be applied to the Outstanding Securities of such series upon compliance with the conditions set forth below in this Article XIV.
Applicability of Article; Issuer's Option to Effect Defeasance or Covenant Defeasance. Unless otherwise provided pursuant to Section 3.01, this Article Eleven shall be applicable to the Notes of any series, and the Issuer may at its option by Managers' Resolution, at any time, with respect to the Notes of such series, elect to have either Section 11.02 (if applicable) or Section 11.03 (if applicable) be applied to the Outstanding Notes of such series upon compliance with the conditions set forth below in this Article Eleven.
