Common use of Agreement Defeasance Clause in Contracts

Agreement Defeasance. On and after the date on which the conditions set forth in Section 4.6 are satisfied with respect to the Securities of or within any series, (i) the Company shall be released from its obligations under Section 7.1 and, if specified pursuant to Section 3.1, its obligations under any other agreement, with respect to such Securities and any interest coupons appertaining thereto and (ii) the occurrence of any event specified in Section 5.1(d) or 5.1(i) (in each case, with respect to any of the obligations described in clause (i) above) or 5.1(e) shall be deemed not to be or result in a Default or Event of Default (hereinafter, "agreement defeasance"), and such Securities and any interest coupons appertaining thereto shall thereafter be deemed to be not "Outstanding" for the purposes of any request, demand, authorization, direction, notice, waiver, consent or declaration or Act of Holders (and the consequences of any thereof) in connection with Section 7.1, such other agreement specified pursuant to Section 3.1, or Section 5.1(d) or 5.1(i) (in each case, with respect to any of the obligations described in clause (i) above) or 5.1(e), but shall continue to be deemed "Outstanding" for all other purposes hereunder. For this purpose, such agreement defeasance means that, with respect to such Securities and any interest coupons appertaining thereto, the Company may omit to comply with and shall have no liability in respect of any term, condition or limitation set forth in any such Section or such other agreement, whether directly or indirectly, by reason of any reference elsewhere herein to any such Section or such other agreement or by reason of reference in any such Section or such other agreement to any other provision herein or in any other document and such omission to comply shall not constitute a Default or an Event of Default under Section 5.1(d), 5.1(e) or 5.1(i) or otherwise, as the case may be, but, except as specified above, the remainder of this Indenture and such Securities and any interest coupons appertaining thereto shall be unaffected thereby.

Agreement Defeasance. On and after the date on which the conditions set forth in Section 4.6 are satisfied with respect to the Securities of or within any series, (i) the Company shall be released from its obligations under Section 7.1 and, if specified pursuant to Section 3.1, its obligations under any other agreement, with respect to such Securities and any interest coupons appertaining thereto and thereto, (ii) the occurrence of any event specified in Section 5.1(d) or 5.1(i) (in each case, with respect to any of the obligations described in clause (i) above) or 5.1(e) shall be deemed not to be or result in a Default or Event of Default (hereinafter, "agreement defeasance"), and such Securities and any interest coupons appertaining thereto shall thereafter be deemed to be not "Outstanding" for the purposes of any request, demand, authorization, direction, notice, waiver, consent or declaration or Act of Holders (and the consequences of any thereof) in connection with Section 7.1, such other agreement specified pursuant to Section 3.1, or Section 5.1(d) or 5.1(i) (in each case, with respect to any of the obligations described in clause (i) above) or 5.1(e), but shall continue to be deemed "Outstanding" for all other purposes hereunderhereunder and (iii) the provisions of Article Fifteen shall cease to be effective as to such Securities to the extent provided therein. For this purpose, such agreement defeasance means that, with respect to such Securities and any interest coupons appertaining thereto, the Company may omit to comply with and shall have no liability in respect of any term, condition or limitation set forth in any such Section or such other agreement, whether directly or indirectly, by reason of any reference elsewhere herein to any such Section or such other agreement or by reason of reference in any such Section or such other agreement to any other provision herein or in any other document and such omission to comply shall not constitute a Default or an Event of Default under Section 5.1(d), 5.1(e) or 5.1(i) or otherwise, as the case may be, but, except as specified above, the remainder of this Indenture and such Securities and any interest coupons appertaining thereto shall be unaffected thereby.

Agreement Defeasance. On and after the date on which the conditions set forth in Section 4.6 are satisfied with respect to the Securities of or within any series, (i) the Company shall be released from its obligations under Section 7.1 and, if specified pursuant to Section 3.1, its obligations under any other agreement, with respect to such Securities and any interest coupons appertaining thereto and thereto, (ii) the occurrence of any event specified in Section 5.1(d) or 5.1(i) (in each case, with respect to any of the obligations described in clause (i) above) or 5.1(e) shall be deemed not to be or result in a Default or Event of Default (hereinafter, "agreement defeasance"), and such Securities and any interest coupons appertaining thereto shall thereafter be deemed to be not "Outstanding" for the purposes of any request, demand, authorization, direction, notice, waiver, consent or declaration or Act of Holders (and the consequences of any thereof) in connection with Section 7.1, such other agreement specified pursuant to Section 3.1, or Section 5.1(d) or 5.1(i) (in each case, with respect to any of the obligations described in clause (i) above) or 5.1(e), but shall continue to be deemed "Outstanding" for all other purposes hereunderhereunder and (iii) the provisions of Article 15 shall cease to be effective as to such Securities to the extent provided therein. For this purpose, such agreement defeasance means that, with respect to such Securities and any interest coupons appertaining thereto, the Company may omit to comply with and shall have no liability in respect of any term, condition or limitation set forth in any such Section or such other agreement, whether directly or indirectly, by reason of any reference elsewhere herein to any such Section or such other agreement or by reason of reference in any such Section or such other agreement to any other provision herein or in any other document and such omission to comply shall not constitute a Default or an Event of Default under Section 5.1(d), 5.1(e) or 5.1(i) or otherwise, as the case may be, but, except as specified above, the remainder of this Indenture and such Securities and any interest coupons appertaining thereto shall be unaffected thereby.