Common use of Company’s Option to Effect Legal Defeasance or Covenant Defeasance Clause in Contracts

Company’s Option to Effect Legal Defeasance or Covenant Defeasance. The Company may, at its option at any time, elect to have either Section 8.3 or Section 8.4 applied to the Notes upon compliance with the conditions set forth below in this Article 8.

Appears in 2 contracts

Samples: Indenture (World Financial Properties L P), Indenture (World Financial Properties L P)

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Company’s Option to Effect Legal Defeasance or Covenant Defeasance. The Company may, at its option and at any time, with respect to the Notes of either series, elect to have either Section 8.3 8.2 or Section 8.4 8.3 be applied to the all outstanding Notes of such series upon compliance with the conditions set forth below in this Article 8.

Appears in 2 contracts

Samples: Indenture (Sealed Air Corp/De), Indenture (Sealed Air Corp/De)

Company’s Option to Effect Legal Defeasance or Covenant Defeasance. The Company may, at its option by a resolution of its Board of Directors, at any time, with respect to the Notes, elect to have either Section 8.2 or 8.3 or Section 8.4 be applied to the all outstanding Notes upon compliance with the conditions set forth below in this Article 8.

Appears in 1 contract

Samples: Indenture (Mountain Province Diamonds Inc.)

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Company’s Option to Effect Legal Defeasance or Covenant Defeasance. The Company may, at its option and at any time, with respect to the Notes of any series, elect to have either Section 8.3 8.2 or Section 8.4 8.3 be applied to the all outstanding Notes of such series upon compliance with the conditions set forth below in this Article 8Eight.

Appears in 1 contract

Samples: Indenture (Sealed Air Corp/De)

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