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

Corporation’s Option to Effect Defeasance or Covenant Defeasance. The Corporation may elect, at its option at any time, to have Section 13.2 or Section 13.3 applied to any Securities or any series of Securities, as the case may be, designated pursuant to Section 3.1 as being defeasible pursuant to such Section 13.2 or 13.3, in accordance with any applicable requirements provided pursuant to Section 3.1 and upon compliance with the conditions set forth below in this Article 13. Any such election shall be evidenced by a Board Resolution or in another manner specified as contemplated by Section 3.1 for such Securities.

Corporation’s Option to Effect Defeasance or Covenant Defeasance. The If applicable to a particular series of Securities, the Corporation may elect, at its option at any time, to have Section 13.2 1302 or Section 13.3 1303 applied to any such series of Securities or any series Securities of Securitiessuch series, as the case may be, designated pursuant to Section 3.1 301 as being defeasible pursuant to such Section 13.2 1302 or 13.31303, in accordance with any applicable requirements provided pursuant to Section 3.1 301 and upon compliance with the conditions set forth below in this Article 13Article. Any such election shall be evidenced by a Board Resolution or in another manner specified as contemplated by Section 3.1 301 for such Securities.

Corporation’s Option to Effect Defeasance or Covenant Defeasance. The Corporation may elect, at its option at any time, to have Section 13.2 1302 or Section 13.3 1303 applied to any Securities or any series of Securities, as the case may be, designated pursuant to Section 3.1 301 as being defeasible pursuant to such Section 13.2 1302 or 13.31303, in accordance with any applicable requirements provided pursuant to Section 3.1 301 and upon compliance with the conditions set forth below in this Article 13Article. Any such election shall be evidenced by a Board Resolution or in another manner specified as contemplated by Section 3.1 301 for such Securities.

Corporation’s Option to Effect Defeasance or Covenant Defeasance. The Corporation may elect, at its option at any time, to have Section 13.2 or Section 13.3 applied to any Securities or any series of Securities, as the case may be, designated pursuant to Section 3.1 as being defeasible pursuant to such Section 13.2 or 13.3, in accordance with any applicable requirements provided pursuant to Section 3.1 and upon compliance with the conditions set forth below in this Article 13Article. Any such election shall be evidenced by a Board Resolution or in another manner specified as contemplated by Section 3.1 for such SecuritiesResolution.

Corporation’s Option to Effect Defeasance or Covenant Defeasance. The Corporation may elect, at its option at any time, to have Section 13.2 14.2 or Section 13.3 14.3 applied to any Securities or any series of Securities, as the case may be, designated pursuant to Section 3.1 as being defeasible pursuant to such Section 13.2 14.2 or 13.314.3, in accordance with any applicable requirements provided pursuant to Section 3.1 and upon compliance with the conditions set forth below in this Article 1314. Any such election shall be evidenced by a Board Resolution or in another manner specified as contemplated by Section 3.1 for such Securities.