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

Applicability of the Article; Company’s Option to Effect Defeasance or Covenant Defeasance. Unless pursuant to Section 3.01 provision is made for the inapplicability of either or both of (a) defeasance of the Securities of a series under Section 12.02 or (b) covenant defeasance of the Securities of a series under Section 12.03, 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 Company may, at its option, by resolution of its Board of Directors, at any time, elect to have either Section 12.02 or Section 12.03 applied to the outstanding Securities of a series upon compliance with the conditions set forth below in this Article 12.

Applicability of the Article; Company’s Option to Effect Defeasance or Covenant Defeasance. Unless pursuant to Section 3.01 2.03 provision is made for the inapplicability of either or both of (a) defeasance of the Securities of a series under Section 12.02 8.02 or (b) covenant defeasance of the Securities of a series under Section 12.038.03, 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 Company may, at its option, by resolution of its the Board of Directors, at any time, elect to have either Section 12.02 8.02 or Section 12.03 8.03 applied to the outstanding Outstanding Securities of a series upon compliance with the conditions set forth below in this Article 12VIII.

Applicability of the Article; Company’s Option to Effect Defeasance or Covenant Defeasance. Unless pursuant to Section 3.01 provision is made for the inapplicability of either or both of (a) defeasance of the Securities of a series under Section 12.02 11.02 or (b) covenant defeasance of the Securities of a series under Section 12.0311.03, 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 Company may, at its option, by resolution of its the Board of Directors, at any time, elect to have either Section 12.02 11.02 or Section 12.03 11.03 applied to the outstanding Securities of a series upon compliance with the conditions set forth below in this Article 1211.

Applicability of the Article; Company’s Option to Effect Defeasance or Covenant Defeasance. Unless pursuant to Section 3.01 provision is made for the inapplicability of either or both of (a) defeasance of the Securities of a series under Section 12.02 or (b) covenant defeasance of the Securities of a series under Section 12.03, 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 Company may, at its option, by resolution of its the Board of Directors, at any time, elect to have either Section 12.02 or Section 12.03 applied to the outstanding Securities of a series upon compliance with the conditions set forth below in this Article 12.

Applicability of the Article; Company’s Option to Effect Defeasance or Covenant Defeasance. Unless pursuant to Section 3.01 provision is made for the inapplicability of either or both of (a) defeasance of the Securities of a series under Section 12.02 11.02 or (b) covenant defeasance of the Securities of a series under Section 12.0311.03, then the provisions of such Section or Sections, as the case may be, together with the other provisions of this ArticleArticle 11, shall be applicable to the Securities of such series, and the Company may, at its option, by resolution of its Board of Directors, at any time, elect to have either Section 12.02 11.02 or Section 12.03 11.03 applied to the outstanding Securities of a series upon compliance with the conditions set forth below in this Article 1211.

Applicability of the Article; Company’s Option to Effect Defeasance or Covenant Defeasance. Unless pursuant to Section 3.01 provision is made for the inapplicability of either or both of (a) defeasance of the Securities of a series under Section 12.02 13.02 or (b) covenant defeasance of the Securities of a series under Section 12.0313.03, 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 Company may, at its option, by resolution of its the Board of Directors, at any time, elect to have either Section 12.02 13.02 or Section 12.03 13.03 applied to the outstanding Securities of a series upon compliance with the conditions set forth below in this Article 1213.