Discharge; Defeasance Sample Clauses

Discharge; Defeasance. Subject to certain conditions, the Company at any time may terminate certain or all of its Obligations under the Notes and the Indenture if the Company deposits with the Trustee money, U.S. Government Obligations or a combination thereof sufficient to pay and discharge each installment of principal of, premium, if any, and interest on the Notes on the dates such installments of interest or principal and premium are due. The Company may also satisfy and discharge the Indenture by delivering to the Trustee for cancellation all Notes that have theretofore been authenticated and delivered, subject to certain conditions.
AutoNDA by SimpleDocs
Discharge; Defeasance. Subject to certain conditions set forth in Article VIII of the Indenture, the Issuer shall be entitled to terminate some or all of its obligations under the Securities and the Indenture if the Issuer deposits with the Trustee cash or U.S. Government Obligations for the payment of principal and interest on the Securities upon redemption or maturity, as the case may be.
Discharge; Defeasance. The Company’s obligations pursuant to the Indenture will be discharged, except for obligations pursuant to certain sections thereof, subject to the terms of the Indenture, upon the payment of all the Notes or upon the irrevocable deposit with the Trustee of United States dollars or Government Obligations sufficient to pay when due principal of and interest on the Notes to maturity or redemption. The Indenture contains provisions for defeasance at any time of (a) the entire indebtedness of the Company on this Note and (b) certain restrictive covenants and the related Events of Default, upon compliance by the Company with certain conditions set forth therein, which provisions apply to this Note.
Discharge; Defeasance. The Company’s obligations pursuant to the Indenture with respect to Securities of this series will be discharged, except for obligations pursuant to certain sections thereof, subject to the terms of the Indenture, upon the payment of all the Securities of this series or upon the irrevocable deposit with the Trustee of United States dollars or Government Obligations sufficient to pay when due principal of and interest on the Securities of this series to maturity or redemption. The Indenture contains provisions for defeasance at any time of (a) the entire indebtedness of the Company on this Security and (b) certain restrictive covenants and the related Events of Default, upon compliance by the Company with certain conditions set forth therein, which provisions apply to this Security.
Discharge; Defeasance. Article 8 of the Base Indenture, as amended by this Supplemental Indenture, shall apply to the Notes, provided that references in Article 8.01(c)(v) and (vi) to Securityholders shall mean the beneficial owners for U.S. federal income tax purposes.
Discharge; Defeasance. The Company’s and each Guarantor’s, if any, obligations pursuant to the Indenture with respect to Securities of this series will be discharged, except for obligations pursuant to certain sections thereof, subject to the terms of the Indenture. The Indenture contains provisions for defeasance at any time of (a) the entire indebtedness of the Company and the Guarantors, if any, on this Security and (b) certain restrictive covenants and the related Events of Default, upon compliance by the Company with certain conditions set forth therein, which provisions apply to this Security.
AutoNDA by SimpleDocs
Discharge; Defeasance. 65 Section 11.1. Discharge of Subordinated Indenture................................................ 65 Section 11.2. Discharge of Liability on Subordinated Securities.................................. 65 Section 11.3. Discharge of Certain Covenants and Other Obligations............................... 65 Section 11.4. Discharge of Certain Obligations Upon Deposit of Money or Subordinated Securities with Trustee............................................... 66 Section 11.5. Unclaimed Moneys................................................................... 67 ARTICLE 12 IMMUNITY OF INCORPORATORS, STOCKHOLDERS, OFFICERS AND DIRECTORS........................................................................... 67 Section 12.1. Incorporators, Stockholders, Officers and Directors of Corporation Exempt From Individual Liability................................................... 67
Discharge; Defeasance. Subject to certain conditions set forth in Article 8 in the Indenture, the Company shall be entitled to terminate some or all of its obligations under the Notes and the Indenture if the Company deposits with the Trustee cash or U.S. Government Obligations for the payment of principal and interest on the Notes upon redemption or maturity, as the case may be.
Discharge; Defeasance. 13 Section 9.02 Application of Fourth Supplemental Indenture................13 Section 9.03 Benefits of Fourth Supplemental Indenture...................13 Section 9.04
Time is Money Join Law Insider Premium to draft better contracts faster.