Common use of Company's Option to Effect Defeasance Clause in Contracts

Company's Option to Effect Defeasance. or Covenant Defeasance. ---------------------- Unless otherwise provided pursuant to Section 301, this Article Thirteen shall be applicable to the Securities of such series, and the Company may at its option by Board Resolution, at any time, with respect to the Securities of such series, elect to have either Section 1302 (if applicable) or Section 1303 (if applicable) be applied to the Outstanding Securities of such series upon compliance with the conditions set forth below in this Article Thirteen.

Company's Option to Effect Defeasance. or Covenant Defeasance. ---------------------- Unless otherwise provided pursuant to Section 301, this Article Thirteen shall be applicable to the Securities of such seriesseries and any Coupons appertaining thereto, and the Company may at its option by or pursuant to Board Resolution, at any time, with respect to the Securities of such seriesseries and any Coupons appertaining thereto, elect to have either Section 1302 (if applicable) or Section 1303 (if applicable) be applied to the Outstanding Securities of such series upon compliance with the conditions set forth below in this Article Thirteen.

Company's Option to Effect Defeasance. or Covenant Defeasance. ---------------------- Unless otherwise provided pursuant to Section 301, this Article Thirteen shall be applicable to the Securities of such seriesseries and any Coupons appertaining thereto, and the Company may at its option by or pursuant to Board Resolution, at any time, with respect to the Securities of such seriesseries and any Coupons appertaining thereto, elect to have either Section 1302 (if applicable) or 60 Section 1303 (if applicable) be applied to the Outstanding Securities of such series upon compliance with the conditions set forth below in this Article Thirteen.