Company’s Option to Effect Legal Defeasance or Covenant Defeasance. The Company may at any time, at the option of its Board of Directors evidenced by a Board Resolution set forth in an Officer’s Certificate, elect to have either Section 12.02 or 12.03 be applied to all Outstanding Securities upon compliance with the conditions set forth below in this Article XII.
Appears in 3 contracts
Samples: United Rentals North America Inc, United Rentals North America Inc, United Rentals North America Inc
Company’s Option to Effect Legal Defeasance or Covenant Defeasance. The Company may at its option by Board Resolution, at any time, at the option of its Board of Directors evidenced by a Board Resolution set forth in an Officer’s Certificate, elect to have either Section 12.02 or Section 12.03 be applied to all the Outstanding Securities upon compliance with the conditions set forth below in this Article XII.
Appears in 2 contracts
Samples: Overseas Shipholding Group Inc, Overseas Shipholding Group Inc
Company’s Option to Effect Legal Defeasance or Covenant Defeasance. The Company may may, at its option by Board Resolution, at any time, at with respect to the option of its Board of Directors evidenced by a Board Resolution set forth in an Officer’s CertificateSecurities, elect to have either Section 12.02 1202 or 12.03 Section 1203 be applied to all Outstanding Securities upon compliance with the conditions set forth below in this Article XIITwelve.
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