Common use of Covenant and Legal Defeasance Clause in Contracts

Covenant and Legal Defeasance. The Company at any time may terminate as to a series its obligations, if any, under any restrictive covenants which may be applicable to a particular series, to the extent provided for in a Company order or supplemental indenture relating to such series (“covenant defeasance”). The Company at any time may terminate as to a series all of its obligations for such series under this Indenture (“legal defeasance”), except that the Company’s obligations in Sections 2.05, 2.07, 4.02, 7.06, 7.10 and 11.04 shall survive until the Securities of the series are no longer outstanding and, thereafter, the Company’s obligations in Sections 7.06, 7.10 and 11.04 shall survive. The Company may exercise its legal defeasance option notwithstanding its prior exercise of its covenant defeasance option.

Covenant and Legal Defeasance. The Company at any time may terminate as to a series its obligations, if any, under any restrictive covenants which may be applicable to a particular series, to the extent provided for in a Company order or supplemental indenture relating to such series (“"covenant defeasance”"). The Company at any time may terminate as to a series all of its obligations for such series under this Indenture (“"legal defeasance”"), except that the Company’s 's obligations in Sections 2.05, 2.07, 4.02, 7.06, 7.10 and 11.04 shall survive until the Securities of the series are no longer outstanding and, thereafter, the Company’s 's obligations in Sections 7.06, 7.10 and 11.04 shall survive. The Company may exercise its legal defeasance option notwithstanding its prior exercise of its covenant defeasance option.

Covenant and Legal Defeasance. The Company at any time may ------------------------------ terminate as to a series its obligations, if any, under any restrictive covenants which may be applicable to a particular series, to the extent provided for in a Company order or supplemental indenture relating to such series (“"covenant defeasance”"). The Company at any time may terminate as to a series all of its obligations for such series under this Indenture (“"legal defeasance”"), except that the Company’s 's obligations in Sections 2.05, 2.07, 4.02, 7.06, 7.10 and 11.04 shall survive until the Securities of the series are no longer outstanding and, thereafter, the Company’s 's obligations in Sections 7.06, 7.10 and 11.04 shall survive. The Company may exercise its legal defeasance option notwithstanding its prior exercise of its covenant defeasance option.