Common use of Applicability of Article; Company’s Option to Effect Defeasance Clause in Contracts

Applicability of Article; Company’s Option to Effect Defeasance. The Company may at its option by or pursuant to Board Resolution, at any time, elect to have either Section 12.02 or Section 12.03 applied to the Outstanding Notes upon compliance with the conditions set forth in this Article Twelve.

Applicability of Article; Company’s Option to Effect Defeasance. The Company may at its option by or pursuant to a Board Resolution, at any time, with respect to the Securities of a series, elect to have either Section 12.02 or Section 12.03 1302 be applied to the Outstanding Notes Securities of such series upon compliance with the conditions set forth below in this Article TwelveThirteen. SECTION 1302.

Applicability of Article; Company’s Option to Effect Defeasance. The Company may at its option by or pursuant to Board Resolutiona board resolution, at any time, with respect to the Securities of a series, elect to have either Section 12.02 or Section 12.03 1302 be applied to the Outstanding Notes Securities of such series upon compliance with the conditions set forth below in this Article TwelveThirteen.