Common use of Conditions of Defeasance Clause in Contracts

Conditions of Defeasance. The Company may exercise the legal defeasance option or the covenant defeasance option with respect to Securities of a particular series only if:

Appears in 8 contracts

Samples: Senior Indenture (Fund American Co Inc/New), Senior Indenture (OneBeacon Insurance Group, Ltd.), Senior Indenture (Fund American Co Inc/New)

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Conditions of Defeasance. The Company may exercise the its legal defeasance option or the its covenant defeasance option with respect to Debt Securities of a particular series only if:

Appears in 3 contracts

Samples: Indenture (Worthington Industries Inc), Indenture (Worthington Industries Inc), Indenture (Pioneer Natural Resources Usa Inc)

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Conditions of Defeasance. The Company may exercise the its legal defeasance option or the its covenant defeasance option with respect to Securities of a particular series only if:

Appears in 1 contract

Samples: Senior Indenture (Heftel Capital Trust Ii)

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