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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: Subordinated Indenture (Fund American Co Inc/New), Senior Indenture (White Mountains Insurance Group LTD), Senior Indenture (Fund American Co Inc/New)

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)

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)