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 elect, at its option at any time, to have Section 12.02 or Section 12.03 applied to the Outstanding Securities (as a whole and not in part) upon compliance with the conditions set forth below in this Article. Any such election shall be evidenced by a Board Resolution.

Appears in 4 contracts

Samples: United Rentals Highway Technologies Gulf, LLC, United Rentals Realty, LLC, United Rentals Realty, LLC

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.