Common use of Defeasance and Discharge Clause in Contracts

Defeasance and Discharge. Upon the Company’s exercise under Section 1201 of the option applicable to this Section 1202, the Company shall be deemed to have been released and discharged from its obligations with respect to the Defeased Notes on the date the relevant conditions set forth in Section 1204 below are satisfied (hereinafter, “Defeasance”). For this purpose, such Defeasance means that the Company shall be deemed to have paid and discharged the entire Indebtedness represented by the Defeased Notes, which shall thereafter be deemed to be “Outstanding” only for the purposes of Section 1205 and the other Sections of this Indenture referred to in clauses (a) and (b) below, and the Company and each of the Subsidiary Guarantors shall be deemed to have satisfied all other obligations under such Notes and this Indenture insofar as such Notes are concerned (and the Trustee, at the expense of the Company, shall execute proper instruments acknowledging the same), except for the following, which shall survive until otherwise terminated or discharged hereunder: (a) the rights of Holders of Defeased Notes to receive, solely from the trust fund described in Section 1204 and as more fully set forth in such Section, payments in respect of the principal of and premium, if any, and interest on such Notes when such payments are due, (b) the Company’s obligations with respect to such Defeased Notes under Sections 304, 305, 306, 402 and 403, (c) the rights, powers, trusts, duties and immunities of the Trustee hereunder, including the Trustee’s rights under Section 707, and (d) this Article XII. If the Company exercises its option under this Section 1202, payment of the Notes may not be accelerated because of an Event of Default with respect thereto. Subject to compliance with this Article XII, the Company may, at its option and at any time, exercise its option under this Section 1202 notwithstanding the prior exercise of its option under Section 1203 with respect to the Notes.

Appears in 12 contracts

Samples: Indenture (Avis Budget Group, Inc.), Indenture (Avis Budget Group, Inc.), Indenture (Avis Budget Group, Inc.)

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Defeasance and Discharge. Upon the Company’s exercise under Section 1201 of the its option applicable to have this Section 1202applied to the Notes, the Company shall be deemed to have been released and discharged from its obligations with respect to the Defeased such Notes as provided in this Section on and after the date the relevant conditions set forth in Section 1204 below 1404 are satisfied (hereinafter, hereinafter called “Defeasance”). For this purpose, such Defeasance means that the Company shall be deemed to have paid and discharged the entire Indebtedness indebtedness represented by the Defeased Notes, which shall thereafter be deemed to be “Outstanding” only for the purposes of Section 1205 such Notes and the other Sections of this Indenture referred to in clauses (a) and (b) below, and the Company and each of the Subsidiary Guarantors shall be deemed to have satisfied all its other obligations under such Notes and this the Indenture insofar as such the Notes are concerned (and the Trustee, at the expense of the Company, shall execute proper instruments acknowledging the same), except for subject to the following, which shall survive until otherwise terminated or discharged hereunder: (a1) the rights of Holders of Defeased such Notes to receive, solely from the trust fund described in Section 1204 1404 and as more fully set forth in such Section, payments in respect of the principal of and premium, if any, any premium and interest on such Notes when such payments are due, (b2) the Company’s obligations with respect to such Defeased Notes under Sections 304404, 305405, 306406, 402 1102, 1103 and 4031104(a) and its obligations under Section 314(a) of the Trust Indenture Act, (c3) the rights, powers, trusts, duties and immunities of the Trustee hereunder, including the Trustee’s rights under Section 707, hereunder and (d4) this Article XIIArticle. If the Company exercises its defeasance option under pursuant to this Section 12021402, the Subsidiary Guarantees will terminate with respect to the Notes, and payment of the Notes may not be accelerated pursuant to Section 602 because of an Event of Default with respect theretoDefault. Subject to compliance with this Article XIIArticle, the Company may, at its option and at any time, may exercise its option under (if any) to have this Section 1202 applied to any Notes notwithstanding the prior exercise of its option under (if any) to have Section 1203 with respect 1403 applied to the such Notes.

Appears in 12 contracts

Samples: Supplemental Indenture (Concho Resources Inc), Fourteenth Supplemental Indenture (Concho Resources Inc), Supplemental Indenture (Concho Resources Inc)

Defeasance and Discharge. Upon the Company’s 's exercise under Section 1201 of the above option applicable to this Section 120214.02 with respect to any Securities of or within a series, the Company shall be deemed to have been released and discharged from its obligations with respect to the Defeased Notes such Securities on the date the relevant conditions set forth in Section 1204 below 14.04 are satisfied (hereinafter, “Defeasance”"defeasance"). For this purpose, such Defeasance defeasance means that the Company shall be deemed to have paid and discharged the entire Indebtedness indebtedness represented by the Defeased Notessuch Securities, which shall thereafter be deemed to be "Outstanding" only for the purposes of Section 1205 14.05 and the other Sections of this Indenture referred to in clauses (aA) and (bB) below, and the Company and each of the Subsidiary Guarantors shall be deemed to have satisfied all of its other obligations under such Notes Securities and this Indenture insofar as such Notes Securities are concerned (and the TrusteeTrustees, at the expense of the Company, shall execute proper instruments acknowledging the same), except for the following, following which shall survive until otherwise terminated or discharged hereunder: (aA) the rights of Holders of Defeased Notes such Securities to receive, solely from the trust fund described in Section 1204 14.04 and as more fully set forth in such Section, payments in respect of the principal of and premiumof, premium (if any, ) and interest (if any) on such Notes Securities when such payments are due, (bB) the Company’s 's obligations with respect to such Defeased Notes Securities under Sections 3043.05, 3053.06, 306, 402 10.02 and 40310.03, (cC) the rights, powers, trusts, duties and immunities of the Trustee hereunder, including the Trustee’s rights under Section 707, Trustees hereunder and (dD) this Article XII. If the Company exercises its option under this Section 1202, payment of the Notes may not be accelerated because of an Event of Default with respect theretoFourteen. Subject to compliance with this Article XIIFourteen, the Company may, at its option and at any time, may exercise its option under this Section 1202 14.02 notwithstanding the prior exercise of its option under Section 1203 14.03 with respect to the Notessuch Securities.

Appears in 8 contracts

Samples: Cybin (Cybin Inc.), KWESST Micro Systems Inc., Lithium Americas Corp.

Defeasance and Discharge. Upon the Company’s exercise under Section 1201 of the option applicable to this Section 1202, the Company shall be deemed to have been released and discharged from its obligations with respect to the Defeased Notes and the Subsidiary Guarantors shall be deemed to have been released and discharged from their obligations with respect to the Subsidiary Guarantees on the date the relevant conditions set forth in Section 1204 below are satisfied (hereinafter, “Defeasance”). For this purpose, such Defeasance means that the Company shall be deemed to have paid and discharged the entire Indebtedness represented by the Defeased Notes, which shall thereafter be deemed to be “Outstanding” only for the purposes of Section 1205 and the other Sections of this Indenture referred to in clauses (a) and (b) below, and the Company Company, and each of the Subsidiary Guarantors shall be deemed to have satisfied all other obligations under such Notes Notes, Subsidiary Guarantees and this Indenture insofar as such Notes are concerned (and the Trustee, at the expense of the Company, shall execute proper instruments acknowledging the same), except for the following, which shall survive until otherwise terminated or discharged hereunder: (a) the rights of Holders of Defeased Notes to receive, solely from the trust fund described in Section 1204 and as more fully set forth in such Section, payments in respect of the principal of and premium, if any, and interest on such Notes when such payments are due, (b) the Company’s obligations with respect to such Defeased Notes under Sections 304, 305, 306, 402 402, and 403, (c) the rights, powers, trusts, duties and immunities of the Trustee hereunder, including the Trustee’s rights (and the Company’s obligations) under Section 707, and (d) this Article XII. If the Company exercises its option under this Section 1202, payment of the Notes may not be accelerated because of an Event of Default with respect thereto. Subject to compliance with this Article XII, the Company may, at its option and at any time, exercise its option under this Section 1202 notwithstanding the prior exercise of its option under Section 1203 with respect to the Notes.

Appears in 7 contracts

Samples: Supplemental Indenture (US Foods Holding Corp.), Supplemental Indenture (US Foods Holding Corp.), Indenture (L Brands, Inc.)

Defeasance and Discharge. Upon the Company’s exercise under Section 1201 of the option applicable to this Section 1202, the Company shall be deemed to have been released and discharged from its obligations with respect to the Defeased Notes on the date the relevant conditions set forth in Section 1204 below are satisfied (hereinafter, “Defeasance”). For this purpose, such Defeasance means that the Company shall be deemed to have paid and discharged the entire Indebtedness represented by the Defeased Notes, which shall thereafter be deemed to be “Outstanding” only for the purposes of Section 1205 and the other Sections of this Indenture referred to in clauses (a) and (b) below, and the Company and each of the Subsidiary Guarantors shall be deemed to have satisfied all other obligations under such Notes and this Indenture insofar as such Notes are concerned (and the Trustee, at the expense of the Company, shall execute proper instruments acknowledging the same), except for the following, which shall survive until otherwise terminated or discharged hereunder: (a) the rights of Holders of Defeased Notes to receive, solely from the trust fund described in Section 1204 and as more fully set forth in such Section, payments in respect of the principal of and premium, if any, and interest on such Notes when such payments are due, (b) the Company’s obligations with respect to such Defeased Notes under Sections 304, 305, 306, 402 402, and 403, (c) the rights, powers, trusts, duties and immunities of the Trustee hereunder, including the Trustee’s rights under Section 707, and the Company’s obligations under Section 707, and (d) this Article XII. If the Company exercises its option under this Section 1202, payment of the Notes may not be accelerated because of an Event of Default with respect thereto. Subject to compliance with this Article XII, the Company may, at its option and at any time, exercise its option under this Section 1202 notwithstanding the prior exercise of its option under Section 1203 with respect to the Notes.

Appears in 6 contracts

Samples: Indenture (Hd Supply, Inc.), Intercreditor Agreement (LBM Holdings, LLC), Intercreditor Agreement (LBM Holdings, LLC)

Defeasance and Discharge. Upon the CompanyIssuers’ or the Parent Guarantor’s exercise under Section 1201 8.01 of the option applicable to this Section 12028.02, the Company Issuers, the Parent Guarantor and the Subsidiary Guarantors shall be deemed to have been released and discharged from its their obligations with respect to the Defeased Notes on the date the relevant conditions set forth in Section 1204 below 8.04 are satisfied (hereinafter, “Defeasancelegal defeasance”). For this purpose, such Defeasance legal defeasance means that the Company Issuers shall be deemed to have paid and discharged the entire Indebtedness Debt represented by the Defeased Notes, which shall thereafter be deemed to be “Outstanding” only for the purposes of Section 1205 outstanding Notes and the other Sections of this Indenture referred to in clauses (a) and (b) below, and the Company and each of the Subsidiary Guarantors shall be deemed to have satisfied all their other obligations under such the Notes and this Indenture insofar as such Notes are concerned (and the Trustee, at the expense of the CompanyIssuers, shall execute proper instruments acknowledging the same), except for the following, following provisions which shall survive until otherwise terminated or discharged hereunder: (a) the rights of Holders of Defeased outstanding Notes to receive, solely from the trust fund described in Section 1204 8.08 and as more fully set forth in such Section, payments in respect of the principal of (and premium, if any, on) and interest on such Notes when such payments are due, (b) the Company’s obligations with respect to such Defeased Notes under Sections 304, 305, 306, 402 and 403provisions set forth in Section 8.06, (c) the rights, powers, trusts, duties and immunities of the Trustee hereunder, including hereunder and the Trustee’s rights under Section 707, Issuers’ and the Guarantors’ obligations in connection therewith and (d) this Section 8.02. Subject to compliance with this Article XII. If Eight, the Company exercises its Issuers and the Parent Guarantor may exercise their option under this Section 12028.02 notwithstanding the prior exercise of their option under Section 8.03 with respect to the Notes. If the Issuers or the Parent Guarantor exercises their legal defeasance option, payment of the Notes may not be accelerated because of an Event of Default with respect theretoDefault. Subject to compliance with this Article XIIIf the Issuers exercise their legal defeasance option, each Guarantor, if any, shall be released from all its obligations under its Guarantee, and the Company may, at its option and at any time, exercise its option under this Section 1202 notwithstanding the prior exercise Trustee shall execute a release of its option under Section 1203 with respect to the Notessuch Guarantee.

Appears in 6 contracts

Samples: Indenture (Ardagh Group S.A.), Indenture (Ardagh Group S.A.), Indenture (Ardagh Group S.A.)

Defeasance and Discharge. Upon the Company’s exercise under Section 1201 of the option applicable provided in Section 1101 to have this Section 12021102 applied to the Outstanding Notes, the Company shall be deemed to have been released and discharged from its obligations with respect to the Defeased Outstanding Notes as provided in this Section on and after the date the relevant conditions set forth in Section 1204 below 1104 are satisfied (hereinafter, hereinafter called “Defeasance”). For this purpose, such Defeasance means that the Company shall be deemed to have paid and discharged the entire Indebtedness indebtedness represented by the Defeased Notes, which shall thereafter be deemed to be “Outstanding” only for the purposes of Section 1205 Outstanding Notes and the other Sections of this Indenture referred to in clauses (a) and (b) below, and the Company and each of the Subsidiary Guarantors shall be deemed to have satisfied all its other obligations under such the Notes and this Indenture insofar as such Notes are concerned (and the Trustee, at the expense of the Company, shall execute proper instruments acknowledging the same), except for subject to the following, following which shall survive until otherwise terminated or discharged hereunder: (a1) the rights of Holders of Defeased the Notes to receive, solely from the trust fund described in Section 1204 1104 and as more fully set forth in such Section, payments in respect of the principal of and premium, if any, any premium and interest on such Notes when such payments are due, (b2) the Company’s obligations with respect to such Defeased the Notes under Sections 304204, 305205, 306206, 402 902 and 403903, (c3) the rights, powers, trusts, duties and immunities of the Trustee hereunder, including the Trustee’s rights under Section 707, hereunder and (d4) this Article XII. If the Company exercises its option under this Section 1202, payment of the Notes may not be accelerated because of an Event of Default with respect theretoEleven. Subject to compliance with this Article XIIEleven, the Company may, at its option and at any time, may exercise its option under provided in Section 1101 to have this Section 1202 1102 applied to the Outstanding Notes notwithstanding the prior exercise of its option under provided in Section 1203 with respect 1101 to have Section 1103 applied to the Outstanding Notes.

Appears in 5 contracts

Samples: Indenture (Southwest Gas Corp), Indenture (Southwest Gas Corp), Indenture (Southwest Gas Corp)

Defeasance and Discharge. Upon the CompanyIssuer’s exercise under Section 1201 8.01 of the option applicable to this Section 12028.02, the Company Issuer shall be deemed to have been released and discharged from its their obligations with respect to the Defeased outstanding Notes on the date the relevant conditions set forth in Section 1204 below 8.04 are satisfied (hereinafter, “Legal Defeasance”). For this purpose, such Legal Defeasance means that the Company Issuer shall be deemed to have paid and discharged the entire Indebtedness indebtedness represented by the Defeased Notes, which shall thereafter be deemed to be “Outstanding” only for the purposes of Section 1205 outstanding Notes and the other Sections of this Indenture referred to in clauses (a) and (b) below, and the Company and each of the Subsidiary Guarantors shall be deemed to have satisfied all its other obligations under such the Notes and this Indenture insofar as such Notes are concerned (and the Trustee, at the expense of the CompanyIssuer, shall execute proper instruments acknowledging the same), except for the following, following provisions which shall survive until otherwise terminated or discharged hereunder: (a) the rights of Holders of Defeased outstanding Notes to receive, solely from the trust fund described in Section 1204 8.08 and as more fully set forth in such Section, payments in respect of the principal of (and premium, if any, on) and interest (including Additional Amounts) on such Notes when such payments are due, (b) the CompanyIssuer’s obligations with respect to such Defeased the Notes under Sections 304concerning issuing temporary Notes, 305registration of Notes, 306mutilated, 402 destroyed, lost or stolen Notes and 403the maintenance of an office or agency for payment and money for security payments held in trust, (c) the rights, powers, trusts, duties and immunities of the Trustee hereunder, including hereunder and the TrusteeIssuer’s rights under Section 707, obligations in connection therewith and (d) the provisions of this Article XIIEight. If Subject to compliance with this Article Eight, the Company exercises Issuer may exercise its option under this Section 12028.02 notwithstanding the prior exercise of its option under Section 8.03 below with respect to the Notes. If the Issuer exercises its Legal Defeasance option, payment of the Notes may not be accelerated because of an Event of Default with respect thereto. Subject to compliance with this Article XII, the Company may, at its option and at any time, exercise its option under this Section 1202 notwithstanding the prior exercise of its option under Section 1203 with respect to the NotesDefault.

Appears in 5 contracts

Samples: Indenture (Royal Caribbean Cruises LTD), Indenture (Royal Caribbean Cruises LTD), Indenture (Royal Caribbean Cruises LTD)

Defeasance and Discharge. Upon the Company’s 's exercise under Section 1201 4.01 of the option applicable to this Section 12024.02, the Company and each Guarantor shall be deemed to have been released and discharged from its their obligations with respect to the Defeased Notes and the related Note Guarantees on the date the relevant conditions set forth in Section 1204 below are satisfied (hereinafter, “Defeasance”"defeasance"). For this purpose, such Defeasance defeasance means that the Company shall be deemed to have paid and discharged the entire Indebtedness indebtedness represented by the Defeased Notes, which shall thereafter be deemed to be "Outstanding" only for the purposes of Section 1205 4.05 and the other Sections of this Indenture referred to in clauses (a) and (b) below, and the Company and each of the Subsidiary Guarantors shall be deemed to have satisfied all its other obligations under such Notes and this Indenture insofar as such Notes are concerned (and the Trustee, at the expense of the Company, and, upon Company Request, shall execute proper instruments acknowledging the same), except for the following, which shall survive until otherwise terminated or discharged hereunder: (a) the rights of Holders of Defeased Notes to receive, solely from the trust fund described in Section 1204 4.04 and as more fully set forth in such Section, payments in respect of the principal of and of, premium, if any, and interest on such Defeased Notes when such payments are due, (b) the Company’s 's obligations with respect to such Defeased Notes under Sections 3043.04, 3053.05, 3063.06, 402 10.02 and 40310.03, (c) the rights, powers, trusts, duties and immunities of the Trustee hereunder, including including, without limitation, the Trustee’s 's rights under Section 7076.07, and (d) this Article XII. If the Company exercises its option under this Section 1202, payment of the Notes may not be accelerated because of an Event of Default with respect theretoFour. Subject to compliance with this Article XIIFour, the Company may, at its option and at any time, may exercise its option under this Section 1202 4.02 notwithstanding the prior exercise of its option under Section 1203 4.03 with respect to the Notes.

Appears in 5 contracts

Samples: Indenture (Saks Inc), Indenture (Saks Inc), Indenture (Saks Inc)

Defeasance and Discharge. Upon the Company’s exercise under Section 1201 of the option applicable to this Section 1202, the Company shall be deemed to have been released and discharged from its obligations with respect to the Defeased Notes on the date the relevant conditions set forth in Section 1204 below are satisfied (hereinafter, “Defeasance”). For this purpose, such Defeasance means that the Company shall be deemed to have paid and discharged the entire Indebtedness indebtedness represented by the Defeased Notes, which shall thereafter be deemed to be “Outstanding” only for the purposes of Section 1205 and the other Sections of this Indenture referred to in clauses (a) and (b) below, and the Company and each of the Subsidiary Guarantors shall be deemed to have satisfied all other obligations under such Notes and this Indenture insofar as such Notes are concerned (and the Trustee, at the expense of the Company, shall execute proper instruments acknowledging the same), except for the following, which shall survive until otherwise terminated or discharged hereunder: (a) the rights of Holders of Defeased Notes to receive, solely from the trust fund described in Section 1204 and as more fully set forth in such Section, payments in respect of the principal of and premium, if any, and interest on such Notes when such payments are due, (b) the Company’s obligations with respect to such Defeased Notes under Sections 304, 305, 306, 402 402, 403 and 403416, (c) the rights, powers, trusts, duties and immunities of the Trustee hereunder, including the Trustee’s rights under Section 707, and (d) this Article XII. If the Company exercises its option under this Section 1202, payment of the Notes may not be accelerated because of an Event of Default with respect thereto. Subject to compliance with this Article XII, the Company may, at its option and at any time, exercise its option under this Section 1202 notwithstanding the prior exercise of its option under Section 1203 with respect to the Notes.

Appears in 5 contracts

Samples: Indenture (VWR International, Inc.), Indenture (VWR International, Inc.), VWR Funding, Inc.

Defeasance and Discharge. Upon the Company’s 's exercise under Section 1201 1301 of the option applicable to this Section 12021302, the Company shall be deemed to have been released and discharged from its obligations with respect to the Defeased Notes all Outstanding Securities on the date the relevant conditions set forth in Section 1204 below 1304 are satisfied (hereinafter, “Defeasance”"defeasance"). For this purpose, such Defeasance defeasance means that the Company shall be deemed to have paid and discharged the entire Indebtedness represented by the Defeased NotesOutstanding Securities, which shall thereafter be deemed to be "Outstanding" only for the purposes of Section 1205 1305 and the other Sections of this Indenture referred to in clauses (aA) and (bB) below, and the Company and each of the Subsidiary Guarantors shall be deemed to have satisfied all its other obligations under such Notes Securities and this Indenture insofar as such Notes Securities are concerned (and the Trustee, at the expense of the Company, shall execute proper instruments acknowledging the same), except for the following, following which shall survive until otherwise terminated or discharged hereunder: (aA) the rights of Holders of Defeased Notes Outstanding Securities to receive, solely from the trust fund described in Section 1204 1304 and as more fully set forth in such Section, payments in respect of the principal of (and premium, if any, on) and interest on such Notes Securities when such payments are due, (bB) the Company’s 's obligations with respect to such Defeased Notes Securities under Sections 304, 305, 306308, 402 1002 and 4031003, (cC) the rights, powers, trusts, duties and immunities of the Trustee hereunder, including the Trustee’s rights under Section 707, hereunder and (dD) this Article XII. If the Company exercises its option under this Section 1202, payment of the Notes may not be accelerated because of an Event of Default with respect theretoThirteen. Subject to compliance with this Article XIIThirteen, the Company may, at its option and at any time, may exercise its option under this Section 1202 1302 notwithstanding the prior exercise of its option under Section 1203 1303 with respect to the NotesSecurities.

Appears in 4 contracts

Samples: Indenture (Entertainment Inc), Indenture (Entertainment Inc), Indenture (Entertainment Inc)

Defeasance and Discharge. Upon the Company’s exercise under Section 1201 of the option applicable to this Section 1202, the Company shall be deemed to have been released and discharged from its obligations with respect to the Defeased Notes on the date the relevant conditions set forth in Section 1204 below are satisfied (hereinafter, “Defeasance”). For this purpose, such Defeasance means that the Company shall be deemed to have paid and discharged the entire Indebtedness indebtedness represented by the Defeased Notes, which shall thereafter be deemed to be “Outstanding” only for the purposes of Section 1205 and the other Sections of this Indenture referred to in clauses (a) and (b) below, and the Company and each of the Subsidiary Note Guarantors shall be deemed to have satisfied all other obligations under such Notes and this Indenture insofar as such Notes are concerned (and the Trustee, at the expense of the Company, shall execute proper instruments acknowledging the same), except for the following, which shall survive until otherwise terminated or discharged hereunder: (a) the rights of Holders of Defeased Notes to receive, solely from the trust fund described in Section 1204 and as more fully set forth in such Section, payments in respect of the principal of and premium, if any, and interest on such Notes when such payments are due, (b) the Company’s obligations with respect to such Defeased Notes under Sections 304, 305, 306, 402 and 403, (c) the rights, powers, trusts, duties and immunities of the Trustee hereunder, including the Trustee’s rights under Section 707, and (d) this Article XII12. If the Company exercises its option under this Section 1202, payment of the Notes may not be accelerated because of an Event of Default with respect thereto. Subject to compliance with this Article XII12, the Company may, at its option and at any timeanytime, exercise its option under this Section 1202 notwithstanding the prior exercise of its option under Section 1203 with respect to the Notes.

Appears in 4 contracts

Samples: Indenture (Graphic Packaging Holding Co), Supplemental Indenture (Graphic Packaging Holding Co), Graphic Packaging Holding Co

Defeasance and Discharge. Upon the Company’s exercise under Section 1201 of the option applicable provided in Section 10.5(b) by a Holder of Senior Notes as a result of a Change of Control to have this Section 120212.1 applied to the Electing Senior Notes, the Company shall, within thirty (30) days following its receipt of the Change of Control Election satisfy the conditions set forth in Section 12.2. The Company shall be deemed to have been released and discharged from its obligations with respect to the Defeased Electing Senior Notes as provided in this Section 12.1 on and after the date the relevant conditions set forth in the Section 1204 below 12.2 are satisfied (hereinafter, hereinafter called “Defeasance”). For this purpose, such Defeasance means that the Company shall be deemed to have paid and discharged the entire Indebtedness indebtedness represented by the Defeased Notes, which shall thereafter be deemed to be “Outstanding” only for the purposes of Section 1205 Electing Senior Notes and the other Sections of this Indenture referred to in clauses (a) and (b) below, and the Company and each of the Subsidiary Guarantors shall be deemed to have satisfied all of its other obligations under such Electing Senior Notes and this Indenture insofar as such Electing Senior Notes are concerned (and the Trustee, upon request and at the expense of the Company, shall execute proper instruments acknowledging the same), except for subject to the following, which shall survive until otherwise terminated or discharged hereunder: hereunder (a) the rights of Holders of Defeased the Electing Senior Notes to receive, solely from the trust fund described in Section 1204 13.2 and as more fully set forth in such SectionSection 12.2, payments in respect of the principal of and of, premium, if any, and interest on such the Electing Senior Notes when such payments are due, (b) the Company’s obligations with respect to such Defeased the Electing Senior Notes under Sections 3042.4, 3053.5, 3063.6, 402 and 40310.2, (c) the rights, powers, trusts, duties and immunities of the Trustee hereunder, including the Trustee’s rights under Section 707, hereunder and (d) this Article XII. If the Company exercises its option under this Section 1202, payment of the Notes may not be accelerated because of an Event of Default with respect thereto. Subject to compliance with this Article XII, the Company may, at its option and at any time, exercise its option under this Section 1202 notwithstanding the prior exercise of its option under Section 1203 with respect to the Notes.

Appears in 4 contracts

Samples: Indenture (Anthracite Capital Inc), Indenture (Anthracite Capital Inc), Indenture (Anthracite Capital Inc)

Defeasance and Discharge. Upon the CompanyIssuers’ or the Parent Guarantor’s exercise under Section 1201 8.01 of the option applicable to this Section 12028.02, the Company Issuers, the Parent Guarantor and the Subsidiary Guarantors shall be deemed to have been released and discharged from its their obligations with respect to the Defeased Notes on the date the relevant conditions set forth in Section 1204 below 8.04 are satisfied (hereinafter, “Defeasancelegal defeasance”). For this purpose, such Defeasance legal defeasance means that the Company Issuers shall be deemed to have paid and discharged the entire Indebtedness Debt represented by the Defeased Notes, which shall thereafter be deemed to be “Outstanding” only for the purposes of Section 1205 outstanding Notes and the other Sections of this Indenture referred to in clauses (a) and (b) below, and the Company and each of the Subsidiary Guarantors shall be deemed to have satisfied all their other obligations under such the Notes and this Indenture insofar as such Notes are concerned (and the Trustee, at the expense of the CompanyIssuers, shall execute proper instruments acknowledging the same), except for the following, following provisions which shall survive until otherwise terminated or discharged hereunder: (a) the rights of Holders of Defeased outstanding Notes to receive, solely from the trust fund described in Section 1204 8.08 and as more fully set forth in such Section, payments in respect of the principal of (and premium, if any, on) and interest on such Notes when such payments are due, (b) the Company’s obligations with respect to such Defeased Notes under Sections 304, 305, 306, 402 and 403provisions set forth at Section 8.06 below, (c) the rights, powers, trusts, duties and immunities of the Trustee hereunder, including hereunder and the Trustee’s rights under Section 707, Issuers’ and the Guarantors’ obligations in connection therewith and (d) this Section 8.02. Subject to compliance with this Article XII. If Eight, the Company exercises its Issuers and the Parent Guarantor may exercise their option under this Section 12028.02 notwithstanding the prior exercise of their option under Section 8.03 below with respect to the Notes. If the Issuers or the Parent Guarantor exercises their legal defeasance option, payment of the Notes may not be accelerated because of an Event of Default with respect theretoDefault. Subject to compliance with this Article XIIIf the Issuers exercise their legal defeasance option, each Guarantor, if any, shall be released from all its obligations under its Guarantee, and the Company may, at its option and at any time, exercise its option under this Section 1202 notwithstanding the prior exercise Trustee shall execute a release of its option under Section 1203 with respect to the Notessuch Guarantee.

Appears in 4 contracts

Samples: Secured Indenture (Ardagh Finance Holdings S.A.), Senior Indenture (Ardagh Finance Holdings S.A.), Senior Indenture (Ardagh Finance Holdings S.A.)

Defeasance and Discharge. Upon the Company’s exercise under Section 1201 of the above option applicable to this Section 1202with respect to the Notes, the Company shall be deemed to have been released and discharged from its obligations with respect to the Defeased such Outstanding Notes on and after the date the relevant conditions set forth in Section 1204 below 14.04 are satisfied (hereinafter, “Defeasancedefeasance”). For this purpose, such Defeasance defeasance means that the Company shall be deemed to have paid and discharged the entire Indebtedness indebtedness represented by the Defeased such Outstanding Notes, which shall thereafter be deemed to be “Outstanding” only for the purposes of Section 1205 14.05 and the other Sections of this Indenture referred to in clauses (aA) and (bB) belowof this Section, and the Company and each of the Subsidiary Guarantors shall be deemed to have satisfied all its other obligations under such the Notes and this Indenture insofar as such Notes are concerned (and the Trustee, at the expense of the Company, shall execute proper instruments acknowledging the same), except for the following, following which shall survive until otherwise terminated or discharged hereunder: (aA) the rights of Holders of Defeased such Outstanding Notes to receive, solely from the trust fund described in Section 1204 14.04 and as more fully set forth in such Section, payments in respect of the principal of (and premium, if any) and interest, and interest if any, on such the Notes when such payments are due, (bB) the Company’s obligations with respect to such Defeased Notes under Sections 3042.05, 3052.07, 306, 402 4.02 and 4034.03, (cC) the rights, powers, trusts, duties and immunities of the Trustee hereunder, including the Trustee’s rights under Section 707, hereunder and (dD) this Article. Subject to compliance with this Article XII. If Fourteen, the Company exercises may exercise its option under this Section 1202notwithstanding the prior exercise of its option under Section 14.03 with respect to such Notes. Following a defeasance, payment of the such Notes may not be accelerated because of an Event of Default with respect thereto. Subject to compliance with this Article XII, the Company may, at its option and at any time, exercise its option under this Section 1202 notwithstanding the prior exercise of its option under Section 1203 with respect to the NotesDefault.

Appears in 4 contracts

Samples: Supplemental Indenture (Gladstone Capital Corp), Fourth Supplemental Indenture (Gladstone Capital Corp), Supplemental Indenture (Gladstone Capital Corp)

Defeasance and Discharge. Upon the Company’s exercise under Section 1201 of the option applicable provided in Section 14.01 to have this Section 120214.02 applied to the Outstanding Notes, the Company shall be deemed to have been released and discharged from its obligations with respect to the Defeased Outstanding Notes as provided in this Section on and after the date the relevant conditions set forth in Section 1204 below 14.04 are satisfied (hereinafter, hereinafter called “Defeasance”). For this purpose, such Defeasance means that the Company shall be deemed to have paid and discharged the entire Indebtedness indebtedness represented by the Defeased Notes, which shall thereafter be deemed to be “Outstanding” only for the purposes of Section 1205 Outstanding Notes and the other Sections of this Indenture referred to in clauses (a) and (b) below, and the Company and each of the Subsidiary Guarantors shall be deemed to have satisfied all its other obligations under such the Notes and this Indenture insofar as such the Notes are concerned (and the Trustee, at the expense of the Company, shall execute proper instruments acknowledging the same), except for subject to the following, following which shall survive until otherwise terminated or discharged hereunder: (a1) the rights of Holders of Defeased Notes to receive, solely from the trust fund described in Section 1204 14.04 and as more fully set forth in such Section, payments in respect of the principal of and premium, if any, and interest Installment Payments on such Notes when such payments are due, (b2) the Company’s obligations with respect to such Defeased the Notes under Sections 3043.04, 3053.05, 3063.06, 402 10.02 and 40310.03, (c3) the rights, protections, powers, trusts, duties and immunities of the Trustee hereunder, including the Trustee’s rights under Section 707, hereunder and (d4) this Article XIIXIV. If Subject to compliance with this Article XIV, the Company exercises may exercise its option under provided in Section 14.01 to have this Section 120214.02 applied to the Outstanding Notes notwithstanding the prior exercise of its option provided in Section 14.01 to have Section 14.03 applied to the Outstanding Notes. Following a Defeasance, payment of the such Notes may not be accelerated because of an Event of Default with respect thereto. Subject to compliance with this Article XII, the Company may, at its option and at any time, exercise its option under this Section 1202 notwithstanding the prior exercise of its option under Section 1203 with respect to the NotesDefault.

Appears in 4 contracts

Samples: First Supplemental Indenture (Change Healthcare Inc.), First Supplemental Indenture (Change Healthcare Inc.), Supplemental Indenture (Change Healthcare Inc.)

Defeasance and Discharge. Upon the Company’s exercise under Section 1201 10.1 of the option applicable to this Section 120210.2, the Company each Issuer shall be deemed to have been released and discharged from its obligations with respect to the Defeased Notes on the date the relevant conditions set forth in Section 1204 10.4 below are satisfied (hereinafter, “Defeasance”). For this purpose, such Defeasance means that the Company Issuers shall be deemed to have paid and discharged the entire Indebtedness represented by the Defeased Notes, which shall thereafter be deemed to be “Outstanding” only for the purposes of Section 1205 10.5 and the other Sections of this Indenture referred to in clauses (a) and (b) below, and the Company Issuers and each of the Parent Guarantors and the Subsidiary Guarantors shall be deemed to have satisfied all other obligations under such Notes and this Indenture insofar as such Notes are concerned (and the Trustee, at the expense of the Company, shall execute proper instruments acknowledging the same), except for the following, which shall survive until otherwise terminated or discharged hereunder: (a) the rights of Holders of Defeased Notes to receive, solely from the trust fund described in Section 1204 10.4 and as more fully set forth in such Section, payments in respect of the principal of and premium, if any, and interest on such Notes when such payments are due, (b) the Company’s obligations with respect to such Defeased Notes under Sections 3043.4, 3053.6, 3063.8, 402 6.2, and 4036.3, (c) the rights, powers, trusts, duties and immunities of the Trustee hereunder, including the Trustee’s rights under Section 7079.7, and (d) this Article XII. X. If the Company exercises its option under this Section 120210.2, payment of the Notes may not be accelerated because of an Event of Default with respect thereto. Subject to compliance with this Article XIIX, the Company may, at its option and at any time, exercise its option under this Section 1202 10.2 notwithstanding the prior exercise of its option under Section 1203 10.3 with respect to the Notes.

Appears in 4 contracts

Samples: Supplemental Indenture (Sally Beauty Holdings, Inc.), Supplemental Indenture (Sally Beauty Holdings, Inc.), Initial Agreement (Sally Beauty Holdings, Inc.)

Defeasance and Discharge. Upon the Company’s exercise under Section 1201 of the option applicable to this Section 1202, the Company shall be deemed to have been released and discharged from its obligations with respect to the Defeased Notes on the date the relevant conditions set forth in Section 1204 below are satisfied (hereinafter, “Defeasance”). For this purpose, such Defeasance means that the Company shall be deemed to have paid and discharged the entire Indebtedness represented by the Defeased Notes, which shall thereafter be deemed to be “Outstanding” only for the purposes of Section 1205 and the other Sections of this Indenture referred to in clauses (a) and (b) below, and the Company and each of the Subsidiary Guarantors shall be deemed to have satisfied all other obligations under such Notes and this Indenture insofar as such Notes are concerned (and the Trustee, at the expense of the Company, shall execute proper instruments acknowledging the same), except for the following, which shall survive until otherwise terminated or discharged hereunder: (a) the rights of Holders of Defeased Notes to receive, solely from the trust fund described in Section 1204 and as more fully set forth in such Section, payments in respect of the principal of and premium, if any, and interest on such Notes when such payments are due, (b) the Company’s obligations with respect to such Defeased Notes under Sections 304, 305, 306, 402 402, and 403, (c) the rights, powers, trusts, duties and immunities of the Trustee hereunder, including the Trustee’s rights under Section 707, and (d) this Article XII. If the Company exercises its option under this Section 1202, payment of the Notes may not be accelerated because of an Event of Default with respect thereto. Subject to compliance with this Article XII, the Company may, at its option and at any time, exercise its option under this Section 1202 notwithstanding the prior exercise of its option under Section 1203 with respect to the Notes.

Appears in 4 contracts

Samples: Registration Rights Agreement (Johnsondiversey Holdings Inc), Credit Agreement (Servicemaster Co), Great North Imports, LLC

Defeasance and Discharge. Upon the Company’s 's exercise under Section 1201 4.01 hereof of the option applicable to this Section 12024.02, the Company shall be deemed to have been released and discharged from its obligations with respect to the Defeased Notes on the date the relevant conditions set forth in Section 1204 below are satisfied (hereinafter, “Defeasance”"defeasance"). For this purpose, such Defeasance defeasance means that the Company shall be deemed to have paid and discharged the entire Indebtedness indebtedness represented by the Defeased Notes, which shall thereafter be deemed to be "Outstanding" only for the purposes of Section 1205 4.05 and the other Sections of this Indenture referred to in clauses (a) and (b) below, and the Company and each of the Subsidiary Guarantors shall be deemed to have satisfied all its other obligations under such Notes and this Indenture insofar as such Notes are concerned (and the Trustee, at the expense of the Company, and, upon Company Request, shall execute proper instruments acknowledging the same), except for the following, which shall survive until otherwise terminated or discharged hereunder: (a) the rights of Holders of Defeased Notes to receive, solely from the trust fund described in Section 1204 4.04 hereof and as more fully set forth in such Section, payments in respect of the principal of and of, premium, if any, and interest on such Notes when such payments are due, (b) the Company’s 's obligations with respect to such Defeased Notes under Sections 3043.04, 3053.05, 3063.06, 402 10.02 and 40310.03 hereof, (c) the rights, powers, trusts, duties and immunities of the Trustee hereunder, including including, without limitation, the Trustee’s 's rights under Section 707Sections 4.05 and 6.07 hereof, and (d) this Article XII. If the Company exercises its option under this Section 1202, payment of the Notes may not be accelerated because of an Event of Default with respect theretoFour. Subject to compliance with this Article XIIFour, the Company may, at its option and at any time, may exercise its option under this Section 1202 4.02 notwithstanding the prior exercise of its option under Section 1203 4.03 hereof with respect to the Notes.

Appears in 4 contracts

Samples: Indenture (RCN Corp /De/), RCN Corp /De/, RCN Corp /De/

Defeasance and Discharge. Upon the CompanyIssuer’s exercise under Section 1201 8.1 of the option applicable to this Section 12028.2, the Company shall Issuer shall, subject to the satisfaction of the conditions set forth in Section 8.4, be deemed to have been released and discharged from its obligations with respect to the Defeased all outstanding Notes on the date the relevant conditions set forth in Section 1204 below are satisfied (hereinafter, “Defeasancedefeasance”). For this purpose, such Defeasance defeasance means that the Company Issuer shall be deemed to have paid and discharged the entire Indebtedness Debt represented by the Defeased outstanding Notes, which shall thereafter be deemed to be “Outstandingoutstanding” only for the purposes of Section 1205 8.5 and the other Sections of this Indenture referred to in clauses (a) and (b) below, and the Company and each of the Subsidiary Guarantors shall be deemed to have satisfied all of its other obligations under such Notes and this Indenture insofar as such Notes are concerned (and the Trustee, on demand of and at the expense of the CompanyIssuer, shall execute proper instruments acknowledging the same), except for the following, following provisions which shall survive until otherwise terminated or discharged hereunder: (a) the rights of Holders of Defeased outstanding Notes to receive, solely from the trust fund described in Section 1204 and as more fully set forth in such Section, receive payments in respect of the principal of and of, premium, if any, and interest interest, if any, on such Notes when such payments are due, due from the trust referred to in Section 8.4(l); (b) the CompanyIssuer’s obligations with respect to such Defeased Notes under Sections 3042.2, 3052.3, 3062.4, 402 2.5, 2.6, 2.7, 2.10 and 403, 4.2; (c) the rights, powers, trusts, duties benefits and immunities of the Trustee hereunderTrustee, including without limitation thereunder, under Sections 7.7, 8.5 and 8.7 and the TrusteeIssuer’s rights under Section 707, and obligations in connection therewith; (d) the Issuer’s rights pursuant to Section 3.7; and (e) the provisions of this Article XII. If the Company exercises its option under this Section 1202, payment of the Notes may not be accelerated because of an Event of Default with respect theretoVIII. Subject to compliance with this Article XIIVIII, the Company may, at its option and at any time, Issuer may exercise its option under this Section 1202 8.2 notwithstanding the prior exercise of its option under Section 1203 with respect to 8.3. The Issuer and the Notes.Guarantors may terminate the obligations under this Indenture when:

Appears in 3 contracts

Samples: Spirit AeroSystems Holdings, Inc., Spirit AeroSystems Holdings, Inc., Spirit AeroSystems Holdings, Inc.

Defeasance and Discharge. Upon the CompanyIssuer’s exercise under Section 1201 8.01 of the option applicable to this Section 12028.02, the Company Issuer and the Guarantor shall be deemed to have been released and discharged from its their obligations with respect to the Defeased outstanding Notes on the date the relevant conditions set forth in Section 1204 below 8.04 are satisfied (hereinafter, “Legal Defeasance”). For this purpose, such Legal Defeasance means that the Company Issuer shall be deemed to have paid and discharged the entire Indebtedness represented by the Defeased Notes, which shall thereafter be deemed to be “Outstanding” only for the purposes of Section 1205 outstanding Notes and the other Sections of this Indenture referred to in clauses (a) and (b) below, and the Company and each of the Subsidiary Guarantors shall be deemed to have satisfied all its other obligations under such the Notes and this Indenture insofar as such Notes are concerned (and the Trustee, at the expense of the CompanyIssuer, shall execute proper instruments acknowledging the same), except for the following, following provisions which shall survive until otherwise terminated or discharged hereunder: (a) the rights of Holders of Defeased outstanding Notes to receive, solely from the trust fund described in Section 1204 8.08 and as more fully set forth in such Section, payments in respect of the principal of (and premium, if any, on) and interest (including Additional Amounts) on such Notes when such payments are due, (b) the CompanyIssuer’s obligations with respect to such Defeased the Notes under Sections 304concerning issuing temporary Notes, 305registration of Notes, 306mutilated, 402 destroyed, lost or stolen Notes and 403the maintenance of an office or agency for payment and money for security payments held in trust, (c) the rights, powers, trusts, duties and immunities of the Trustee hereunder, including hereunder and the TrusteeIssuer’s rights under Section 707, and the Guarantor’s obligations in connection therewith and (d) the provisions of this Article XIIEight. If Subject to compliance with this Article Eight, the Company exercises Issuer may exercise its option under this Section 12028.02 notwithstanding the prior exercise of its option under Section 8.03 below with respect to the Notes. If the Issuer exercises its Legal Defeasance option, payment of the Notes may not be accelerated because of an Event of Default with respect thereto. Subject to compliance with this Article XII, the Company may, at its option and at any time, exercise its option under this Section 1202 notwithstanding the prior exercise of its option under Section 1203 with respect to the NotesDefault.

Appears in 3 contracts

Samples: Indenture (Royal Caribbean Cruises LTD), Indenture (Royal Caribbean Cruises LTD), Indenture (Royal Caribbean Cruises LTD)

Defeasance and Discharge. Upon the Company’s 's exercise under Section 1201 401 of the option applicable to this Section 1202402, the Company shall be deemed to have been released and discharged from its obligations with respect to the Defeased Notes all Outstanding Securities on the date the relevant conditions set forth in Section 1204 below are satisfied (hereinafter, “Defeasance”"defeasance"). For this purpose, such Defeasance defeasance means that the Company shall be deemed to have paid and discharged the entire Indebtedness indebtedness represented by the Defeased NotesOutstanding Securities, which shall thereafter be deemed to be "Outstanding" only for the purposes of Section 1205 405 and the other Sections of this Indenture referred to in clauses (a) A), (B), and (bC) below, and the Company and each of the Subsidiary Guarantors shall be deemed to have satisfied all its other obligations under such Notes Securities and this Indenture insofar as such Notes Securities are concerned (and the Trustee, upon Company Request and at the expense of the Company, shall execute proper instruments acknowledging the same), except for the following, following which shall survive until otherwise terminated or discharged hereunder: (aA) the rights of Holders of Defeased Notes Outstanding Securities to receive, receive solely from the trust fund described in Section 1204 404 and as more fully set forth in such Section, payments in respect of the principal of (and premium, if any, ) and interest on such Notes Securities when such payments are due, (bB) the Company’s 's obligations with respect to such Defeased Notes Securities under Sections 304, 305, 306, 402 1002, 1003, 1013 (for purposes of applying Section 1013, if the Trustee (or any other qualifying trustee referred to in Section 404(1)) is required by law or by the interpretation or administration thereof to withhold or deduct any amount for or on account of Taxes (as defined in Section 1013) from any payment made from the trust fund described in Section 404 under or with respect to the Securities, such payment shall be deemed to have been made by the Company and 403the Company shall be deemed to have been so required to withhold or deduct) and 1014, (cC) the Company's right of redemption pursuant to Section 1101(b), provided that either (i) the change or amendment referred to therein occurs after defeasance is exercised by the Company in accordance with Section 404 or (ii) the Company is, immediately before the defeasance, entitled to redeem the Securities pursuant to Section 1101(b), in which case the Company may redeem the Securities in accordance with Article Eleven by complying with such Article and depositing with the Trustee, in accordance with Section 1106, an amount of money sufficient, together with all amounts held in trust pursuant to Section 404(1), to pay the Redemption Price of all the Securities to be redeemed, (D) the rights, powers, trusts, duties and immunities of the Trustee hereunderhereunder and the Company's obligations in connection therewith, including the Trustee’s rights Company's obligations under Section 707, 607 and (dE) this Article XII. If the Company exercises its option under this Section 1202, payment of the Notes may not be accelerated because of an Event of Default with respect theretoFour. Subject to compliance with this Article XIIFour, the Company may, at its option and at any time, may exercise its option under this Section 1202 402 notwithstanding the prior exercise of its option under Section 1203 403 with respect to the NotesSecurities.

Appears in 3 contracts

Samples: Rogers Wireless Inc, Rogers Wireless Inc, Rogers Wireless Inc

Defeasance and Discharge. Upon the Company’s exercise under Section 1201 of the option specified in Section 8.3 above applicable to this Section 1202Section, the Company shall be deemed to have been released and discharged from its obligations with respect to the Defeased Notes such Securities on and after the date the relevant conditions set forth in Section 1204 below 8.6 herein are satisfied (hereinafter, hereinafter Defeasancedefeasance”). For this purpose, such Defeasance defeasance means that the Company shall be deemed to have paid and discharged the entire Indebtedness indebtedness represented by the Defeased Notes, such Securities which shall thereafter be deemed to be “Outstanding” only for the purposes of Section 1205 8.7 herein and the other Sections of this Indenture referred to in clauses (a) and clause (b) belowof this Section, and the Company and each of the Subsidiary Guarantors shall be deemed to have satisfied all its other obligations under such Notes Securities and this Indenture insofar as such Notes Securities are concerned (and the Trustee, at the expense of the Company, shall on a Company Order execute proper instruments acknowledging the same), except for the following, which shall survive until otherwise terminated or discharged hereunder: (a) the rights of Holders of Defeased Notes such Securities to receive, solely from the trust fund funds described in Section 1204 8.6(a) herein and as more fully set forth in such Section, payments in respect of the principal of and of, premium, if any, interest, if any, and interest Additional Interest, if any, on such Notes Securities when such payments are due, ; (b) the Company’s obligations with respect to such Defeased Notes Securities under Sections 3042.3, 3052.5, 3062.9, 402 2.10, 3.3 and 403, 3.4 herein; (c) the rights, powers, trusts, duties and immunities of the Trustee hereunder, including the Trustee’s rights under Section 707, hereunder and (d) this Article XIIVIII. If Subject to compliance with this Article VIII, the Company exercises may exercise its option under this Section 1202notwithstanding the prior exercise of its option under Section 8.5 herein with respect to such Securities. Following a defeasance, payment of the Notes such Securities may not be accelerated because of an Event of Default with respect thereto. Subject to compliance with this Article XII, the Company may, at its option and at any time, exercise its option under this Section 1202 notwithstanding the prior exercise of its option under Section 1203 with respect to the NotesDefault.

Appears in 3 contracts

Samples: Indenture (Navistar, Inc.), Indenture (Navistar International Corp), Navistar International Corp

Defeasance and Discharge. Upon the Company’s 's exercise under Section 1201 of the above option applicable to this Section 1202with respect to any Securities of or within a series, the Company shall be deemed to have been released and discharged from its obligations with respect to the Defeased Notes such Outstanding Securities on the date the relevant conditions set forth in Section 1204 below 1404 are satisfied (hereinafter, “Defeasance”"defeasance"). For this purpose, such Defeasance defeasance means that the Company shall be deemed to have paid and discharged the entire Indebtedness indebtedness represented by the Defeased Notessuch Outstanding Securities, which shall thereafter be deemed to be "Outstanding" only for the purposes of Section 1205 1405 and the other Sections of this Indenture referred to in clauses (aA) and (bB) below, and the Company and each of the Subsidiary Guarantors shall be deemed to have satisfied all its other obligations under such Notes Securities and this Indenture insofar as such Notes Securities are concerned (and the Trustee, at the expense of the Company, shall execute proper instruments acknowledging the same), except for the following, following which shall survive until otherwise terminated or discharged hereunder: (aA) the rights of Holders of Defeased Notes such Outstanding Securities to receive, solely from the trust fund described in Section 1204 1404 and as more fully set forth in such Section, payments in respect of the principal of (and premium, if any) and interest, and interest if any, on such Notes Securities when such payments are due, (bB) the Company’s 's obligations with respect to such Defeased Notes Securities under Sections 304, 305, 306, 402 307, 1002 and 4031003 and with respect to the payment of Additional Amounts, if any, on such Securities as contemplated by Section 1008, (cC) the rights, powers, trusts, duties and immunities of the Trustee hereunder, including the Trustee’s rights under Section 707, hereunder and (dD) this Article XII. If the Company exercises its option under this Section 1202, payment of the Notes may not be accelerated because of an Event of Default with respect theretoFourteen. Subject to compliance with this Article XIIFourteen, the Company may, at its option and at any time, may exercise its option under this Section 1202 1402 notwithstanding the prior exercise of its option under Section 1203 1403 with respect to the Notessuch Securities.

Appears in 3 contracts

Samples: Indenture (Oneok Inc /New/), Atmos Energy Corp, Atmos Energy Corp

Defeasance and Discharge. Upon the Company’s exercise under Section 1201 of the option applicable to this Section 1202, the Company shall be deemed to have been released and discharged from its obligations with respect to the Defeased Notes and the Subsidiary Guarantors shall be deemed to have been released and discharged from their obligations with respect to the Subsidiary Guarantees on the date the relevant conditions set forth in Section 1204 below are satisfied (hereinafter, “Defeasance”). For this purpose, such Defeasance means that the Company shall be deemed to have paid and discharged the entire Indebtedness represented by the Defeased Notes, which shall thereafter be deemed to be “Outstanding” only for the purposes of Section 1205 and the other Sections of this Indenture referred to in clauses (a) and (b) below, and the Company Company, and each of the Subsidiary Guarantors shall be deemed to have satisfied all other obligations under such Notes Notes, the Subsidiary Guarantees and this Indenture insofar as such Notes are concerned (and the Trustee, at the expense of the Company, shall execute proper instruments acknowledging the same), except for the following, which shall survive until otherwise terminated or discharged hereunder: (a) the rights of Holders of Defeased Notes to receive, solely from the trust fund described in Section 1204 and as more fully set forth in such Section, payments in respect of the principal of and premium, if any, and interest on such Notes when such payments are due, (b) the Company’s obligations with respect to such Defeased Notes under Sections 304, 305, 306, 402 and 403, (c) the rights, powers, trusts, duties and immunities of the Trustee hereunder, including the Trustee’s rights (and the Company’s obligations) under Section 707, and (d) this Article XII. If the Company exercises its option under this Section 1202, payment of the Notes may not be accelerated because of an Event of Default with respect thereto. Subject to compliance with this Article XII, the Company may, at its option and at any time, exercise its option under this Section 1202 notwithstanding the prior exercise of its option under Section 1203 with respect to the Notes.

Appears in 3 contracts

Samples: Core & Main, Inc., Core & Main, Inc., Indenture (Nci Building Systems Inc)

Defeasance and Discharge. Upon the Company’s 's exercise under Section 1201 of the above option applicable to this Section 1202Section, the Company shall be deemed to have been released and discharged from its obligations with respect to the Defeased Notes Outstanding Securities of such series on and after the date the relevant conditions precedent set forth in Section 1204 below are satisfied (hereinafter, “Defeasance”"defeasance"). For this purpose, such Defeasance defeasance means that the Company shall be deemed to have paid and discharged the entire Indebtedness indebtedness represented by the Defeased Notes, Outstanding Securities of such series which shall thereafter be deemed to be "Outstanding" only for the purposes of Section 1205 1305 and the other Sections of this Indenture referred to in clauses (aA) and (bB) belowof this Section, and the Company and each of the Subsidiary Guarantors shall be deemed to have satisfied all its other obligations under such Notes Securities and this Indenture insofar as such Notes Securities are concerned (and the Trustee, at the expense of the Company, shall execute proper instruments acknowledging the same), except for the following, following which shall survive until otherwise terminated or discharged hereunder: (aA) the rights of Holders of Defeased Notes Outstanding Securities of such series to receive, solely from the trust fund described in Section 1204 and 1304 as more fully set forth in such Section, payments in respect of the principal of (and premium, if any, ) and interest on such Notes Securities when such payments are due, (bB) the Company’s 's obligations with respect to such Defeased Notes Securities under Sections 304, 305, 306, 402 1002 and 4031003 and such obligations as shall be ancillary thereto, (cC) the rights, powers, trusts, duties duties, immunities and immunities other provisions in respect of the Trustee hereunder, including the Trustee’s rights under Section 707, hereunder and (dD) this Article XIIThirteen. If Subject to compliance with this Article Thirteen, the Company exercises may exercise its option under this Section 12021302 notwithstanding the prior exercise of its option under Section 1303 with respect to the Securities of such series. Following a defeasance, payment of the Notes such Securities may not be accelerated because of an Event of Default with respect thereto. Subject to compliance with this Article XII, the Company may, at its option and at any time, exercise its option under this Section 1202 notwithstanding the prior exercise of its option under Section 1203 with respect to the NotesDefault.

Appears in 3 contracts

Samples: Indenture (Owens Corning), Owens Corning, Owens Corning Capital Ii

Defeasance and Discharge. Upon the CompanyIssuer’s exercise under Section 1201 8.1 of the option applicable to this Section 12028.2, the Company shall Issuer shall, subject to the satisfaction of the conditions set forth in Section 8.4, be deemed to have been released and discharged from its obligations with respect to the Defeased all outstanding Notes on the date the relevant conditions set forth in Section 1204 below are satisfied (hereinafter, “Defeasancedefeasance”). For this purpose, such Defeasance defeasance means that the Company Issuer shall be deemed to have paid and discharged the entire Indebtedness Debt represented by the Defeased outstanding Notes, which shall thereafter be deemed to be “Outstandingoutstanding” only for the purposes of Section 1205 8.5 and the other Sections of this Indenture referred to in clauses (a) and (b) below, and the Company and each of the Subsidiary Guarantors shall be deemed to have satisfied all of their other obligations under such Notes and this Indenture insofar as such Notes are concerned (and the Trustee, on demand of and at the expense of the CompanyIssuer, shall execute proper instruments acknowledging the same), except for the following, following provisions which shall survive until otherwise terminated or discharged hereunder: (a) the rights of Holders of Defeased outstanding Notes to receive, solely from the trust fund described in Section 1204 and as more fully set forth in such Section, receive payments in respect of the principal of and of, premium, if any, and interest interest, if any, on such Notes when such payments are due, due from the trust referred to in Section 8.4(l); (b) the CompanyIssuer’s obligations with respect to such Defeased Notes under Sections 3042.2, 3052.3, 3062.4, 402 2.5, 2.6, 2.7, 2.10 and 403, 4.2; (c) the rights, powers, trusts, duties benefits and immunities of the Trustee hereunderTrustee, including the Trustee’s rights without limitation thereunder, under Section 7077.7, 8.5 and 8.7 and the Issuer’s obligations in connection therewith; (d) the Issuer’s rights pursuant to Section 3.7; and (e) the provisions of this Article XII. If the Company exercises its option under this Section 1202, payment of the Notes may not be accelerated because of an Event of Default with respect theretoVIII. Subject to compliance with this Article XIIVIII, the Company may, at its option and at any time, Issuer may exercise its option under this Section 1202 8.2 notwithstanding the prior exercise of its option under Section 1203 with respect to 8.3. The Issuer and the Notes.Guarantors may terminate the obligations under this Indenture when:

Appears in 3 contracts

Samples: Indenture (BlueLinx Holdings Inc.), Indenture (Ryerson Holding Corp), Intercreditor Agreement (Ryerson Holding Corp)

Defeasance and Discharge. Upon the CompanyIssuer’s exercise under Section 1201 8.1 hereof of the option applicable to this Section 12028.2, the Company shall Issuer shall, subject to the satisfaction of the conditions set forth in Section 8.4 hereof, be deemed to have been released and discharged from its obligations with respect to the Defeased all outstanding Notes on the date the relevant conditions set forth in Section 1204 below are satisfied (hereinafter, “Defeasancedefeasance”). For this purpose, such Defeasance defeasance means that the Company Issuer shall be deemed to have paid and discharged the entire Indebtedness Debt represented by the Defeased outstanding Notes, which shall thereafter be deemed to be “Outstandingoutstanding” only for the purposes of Section 1205 8.5 hereof and the other Sections of this Indenture referred to in clauses (a) and (b) below, and the Company and each of the Subsidiary Guarantors shall be deemed to have satisfied all of its other obligations under such Notes and this Indenture insofar as such Notes are concerned (and the Trustee, on demand of and at the expense of the CompanyIssuer, shall execute proper instruments acknowledging the same), except for the following, following provisions which shall survive until otherwise terminated or discharged hereunder: (a) the rights of Holders of Defeased outstanding Notes to receive, solely from the trust fund described in Section 1204 and as more fully set forth in such Section, receive payments in respect of the principal of and of, premium, if any, and interest interest, if any, on such Notes when such payments are due, due from the trust referred to in Section 8.4(l); (b) the CompanyIssuer’s obligations with respect to such Defeased Notes under Sections 3042.2, 3052.3, 3062.4, 402 2.5, 2.6, 2.7, 2.10 and 403, 4.2 hereof; (c) the rights, powers, trusts, duties benefits and immunities of the Trustee hereunderTrustee, including the Trustee’s rights without limitation thereunder, under Section 7077.7, 8.5 and 8.7 hereof and the Issuer’s obligations in connection therewith; (d) the Company’s rights pursuant to Section 3.7; and (e) the provisions of this Article XII. If the Company exercises its option under this Section 1202, payment of the Notes may not be accelerated because of an Event of Default with respect theretoVIII. Subject to compliance with this Article XIIVIII, the Company may, at its option and at any time, Issuer may exercise its option under this Section 1202 8.2 notwithstanding the prior exercise of its option under Section 1203 with respect to 8.3 hereof. The Issuer and the Notes.Guarantors may terminate the obligations under this Indenture when:

Appears in 3 contracts

Samples: Indenture (Ashland Inc.), Rock-Tenn CO, Triumph Group Inc /

Defeasance and Discharge. Upon the Company’s 's exercise under Section 1201 4.01 of the option applicable to this Section 12024.02, the Company and each Guarantor shall be deemed to have been released and discharged from its their obligations with respect to the Defeased Notes and the related Guarantees on the date the relevant conditions set forth in Section 1204 below are satisfied (hereinafter, “Defeasance”"defeasance"). For this purpose, such Defeasance defeasance means that the Company shall be deemed to have paid and discharged the entire Indebtedness indebtedness represented by the Defeased Notes, which shall thereafter be deemed to be "Outstanding" only for the purposes of Section 1205 4.05 and the other Sections of this Indenture referred to in clauses (a) and (b) below, and the Company and each of the Subsidiary Guarantors shall be deemed to have satisfied all its other obligations under such Notes and this Indenture insofar as such Notes are concerned (and the Trustee, at the expense of the Company, and, upon Company Request, shall execute proper instruments acknowledging the same), except for the following, which shall survive until otherwise terminated or discharged hereunder: (a) the rights of Holders of Defeased Notes to receive, solely from the trust fund funds described in Section 1204 4.04 and as more fully set forth in such Sectionsection, payments in respect of the principal of and of, premium, if any, and interest on such Notes when such payments are due, (b) the Company’s 's obligations with respect to such Defeased Notes under Sections 3043.05, 3053.06, 3063.07, 402 10.02 and 40310.03, (c) the rights, powers, trusts, duties and immunities of the Trustee hereunder, including including, without limitation, the Trustee’s 's rights under Section 7076.07, and (d) this Article XII. If the Company exercises its option under this Section 1202, payment of the Notes may not be accelerated because of an Event of Default with respect theretoFour. Subject to compliance with this Article XIIFour, the Company may, at its option and at any time, may exercise its option under this Section 1202 4.02 notwithstanding the prior exercise of its option under Section 1203 4.03 with respect to the Notes.

Appears in 3 contracts

Samples: Indenture (Best Built Inc), Pentacon Industrial Group Inc, Gillette Dairy of the Black Hills Inc

Defeasance and Discharge. Upon the Company’s 's exercise under Section 1201 of the its option applicable to have this Section 1202applied to any series of Securities, the Company shall be deemed to have been released and discharged from its obligations with respect to the Defeased Notes Outstanding Securities of such series, and the provisions of Article Thirteen hereof shall cease to be effective, on and after the date the relevant conditions precedent set forth in Section 1204 below are satisfied (hereinafter, “Defeasance”"defeasance"). For this purpose, such Defeasance defeasance means that the Company shall be deemed to have paid and discharged the entire Indebtedness indebtedness represented by the Defeased Notes, Outstanding Securities of such series which shall thereafter be deemed to be "Outstanding" only for the purposes of Section 1205 and the other Sections of this Indenture referred to in clauses (aA) and (bB) belowof this Section, and the Company and each of the Subsidiary Guarantors shall be deemed to have satisfied all its other obligations under such Notes Securities and this Indenture insofar as such Notes Securities are concerned (and the Trustee, at the expense of the Company, shall execute proper instruments acknowledging the same), except for the following, following which shall survive until otherwise terminated or discharged hereunder: (aA) the rights of Holders of Defeased Notes Outstanding Securities of such series to receive, solely from the trust fund described in Section 1204 and 1304 as more fully set forth in such Section, payments in respect of the principal of (and premium, if any, ) and interest on such Notes Securities when such payments are due, (bB) the Company’s 's obligations with respect to such Defeased Notes Securities under Sections 304, 305, 306, 402 1002 and 4031003 and such obligations as shall be ancillary thereto, (cC) the rights, powers, trusts, duties duties, immunities and immunities other provisions in respect of the Trustee hereunder, including the Trustee’s rights under Section 707, hereunder and (dD) this Article XIIThirteen. If Subject to compliance with this Article Thirteen, the Company exercises may exercise its option under this Section 12021302 notwithstanding the prior exercise of its option under Section 1303 with respect to the Securities of such series. Following a defeasance, payment of the Notes such Securities may not be accelerated because of an Event of Default with respect thereto. Subject to compliance with this Article XII, the Company may, at its option and at any time, exercise its option under this Section 1202 notwithstanding the prior exercise of its option under Section 1203 with respect to the NotesDefault.

Appears in 3 contracts

Samples: Sabre Holding Corp, Airtran Holdings Inc, Integrated Circuit Systems Inc

Defeasance and Discharge. Upon the Company’s 's exercise under Section 1201 of the above option applicable to this Section 1202Section, the Company shall be deemed to have been released and discharged from its obligations with respect to the Defeased Notes Outstanding Securities of such series on and after the date the relevant conditions precedent set forth in Section 1204 below are satisfied (hereinafter, “Defeasance”"defeasance"). For this purpose, such Defeasance defeasance means that the Company shall be deemed to have paid and discharged the entire Indebtedness indebtedness represented by the Defeased Notes, which shall thereafter be deemed to be “Outstanding” only for the purposes Outstanding Securities of Section 1205 such series and the other Sections of this Indenture referred to in clauses (a) and (b) below, and the Company and each of the Subsidiary Guarantors shall be deemed to have satisfied all its other obligations under such Notes Securities and this Indenture insofar as such Notes Securities are concerned (and the Trustee, at the expense of the Company, shall execute proper instruments acknowledging the same), except for the following, following which shall survive until otherwise terminated or discharged hereunder: (aA) the rights of Holders of Defeased Notes Outstanding Securities of such series to receive, solely from the trust fund described in Section 1204 and 1304 as more fully set forth in such Section, payments in respect of the principal of (and premium, if any, ) and interest on such Notes Securities when such payments are due, (bB) the Company’s 's obligations with respect to such Defeased Notes Securities under Sections 304, 305, 306, 402 1002 and 4031003 and such obligations as shall be ancillary thereto, (cC) the rights, powers, trusts, duties duties, immunities and immunities other provisions in respect of the Trustee hereunder, including the Trustee’s rights under Section 707, hereunder and (dD) this Article XIIThirteen. If Subject to compliance with this Article Thirteen, the Company exercises may exercise its option under this Section 12021302 notwithstanding the prior exercise of its option under Section 1303 with respect to the Securities of such series. Following a defeasance, payment of the Notes Securities of such series may not be accelerated because of an Event of Default with respect thereto. Subject to compliance with this Article XII, the Company may, at its option and at any time, exercise its option under this Section 1202 notwithstanding the prior exercise of its option under Section 1203 with respect to the NotesDefault.

Appears in 3 contracts

Samples: St Paul Companies Inc /Mn/, St Paul Companies Inc /Mn/, St Paul Capital Trust Ii

Defeasance and Discharge. Upon the Company’s Issuers’ exercise under Section 1201 of the option applicable to this Section 1202, the Company Issuers shall be deemed to have been released and discharged from its obligations with respect to the Defeased Notes on the date the relevant conditions set forth in Section 1204 below are satisfied (hereinafter, “Defeasance”). For this purpose, such Defeasance means that the Company Issuers shall be deemed to have paid and discharged the entire Indebtedness represented by the Defeased Notes, which shall thereafter be deemed to be “Outstanding” only for the purposes of Section 1205 and the other Sections of this Indenture referred to in clauses (a) and (b) below, and the Company Issuers and each of the Subsidiary Guarantors Guarantors, if any, shall be deemed to have satisfied all other obligations under such Notes and this Indenture insofar as such Notes are concerned (and the Trustee, at the expense of the CompanyIssuers, shall execute proper instruments acknowledging the same), except for the following, which shall survive until otherwise terminated or discharged hereunder: (a) the rights of Holders of Defeased Notes to receive, solely from the trust fund described in Section 1204 and as more fully set forth in such Section, payments in respect of the principal of and premium, if any, and interest on such Notes when such payments are due, (b) the Company’s Issuers’ obligations with respect to such Defeased Notes under Sections 304, 305, 306, 402 and 403, (c) the rights, powers, trusts, duties and immunities of the Trustee hereunder, including the Trustee’s rights under Section 707, and (d) this Article XII. If the Company exercises its Issuers exercise their option under this Section 1202, payment of the Notes may not be accelerated because of an Event of Default with respect thereto. Subject to compliance with this Article XII, the Company Issuers may, at its their option and at any time, exercise its their option under this Section 1202 notwithstanding the prior exercise of its option under Section 1203 with respect to the Notes.

Appears in 3 contracts

Samples: RSC Equipment Rental, Inc., RSC Equipment Rental, Inc., RSC Equipment Rental, Inc.

Defeasance and Discharge. Upon the Company’s 's exercise under Section 1201 of the its option applicable to have this Section 1202, applied to any series of Securities the Company shall be deemed to have been released and discharged from its obligations with respect to the Defeased Notes Outstanding Securities of such series on and after the date the relevant conditions precedent set forth in Section 1204 below are satisfied (hereinafter, “Defeasance”"defeasance"). For this purpose, such Defeasance defeasance means that the Company shall be deemed to have paid and discharged the entire Indebtedness indebtedness represented by the Defeased Notes, Outstanding Securities of such series which shall thereafter be deemed to be "Outstanding" only for the purposes of Section 1205 and the other Sections of this Indenture referred to in clauses (aA) and (bB) belowof this Section, and the Company and each of the Subsidiary Guarantors shall be deemed to have satisfied all its other obligations under such Notes Securities and this Indenture insofar as such Notes Securities are concerned (and the Trustee, at the expense of the Company, shall execute proper instruments acknowledging the same), except for the following, following which shall survive until otherwise terminated or discharged hereunder: (aA) the rights of Holders of Defeased Notes Outstanding Securities of such series to receive, solely from the trust fund described in Section 1204 and 1304 as more fully set forth in such Section, payments in respect of the principal of (and premium, if any, ) and interest on such Notes Securities when such payments are due, (bB) the Company’s 's obligations with respect to such Defeased Notes Securities under Sections 304, 305, 306, 402 1002 and 4031003 and such obligations as shall be ancillary thereto, (cC) the rights, powers, trusts, duties duties, immunities and immunities other provisions in respect of the Trustee hereunder, including the Trustee’s rights under Section 707, hereunder and (dD) this Article XIIThirteen. If Subject to compliance with this Article Thirteen, the Company exercises may exercise its option under this Section 12021302 notwithstanding the prior exercise of its option under Section 1303 with respect to the Securities of such series. Following a defeasance, payment of the Notes such Securities may not be accelerated because of an Event of Default with respect thereto. Subject to compliance with this Article XII, the Company may, at its option and at any time, exercise its option under this Section 1202 notwithstanding the prior exercise of its option under Section 1203 with respect to the NotesDefault.

Appears in 3 contracts

Samples: Precision Castparts Corp, Unova Inc, Gap Inc

Defeasance and Discharge. Upon the Company’s Issuers’ exercise under Section 1201 of the option applicable to this Section 1202, the Company Issuers shall be deemed to have been released and discharged from its any and all obligations with respect to the Defeased all outstanding Notes on the date the relevant conditions set forth in Section 1204 below are satisfied (hereinafter, “Legal Defeasance”). For this purpose, such Legal Defeasance means that the Company Issuers shall be deemed to have paid and discharged the entire Indebtedness represented by the Defeased outstanding Notes, which shall thereafter be deemed to be “Outstandingoutstanding” only for the purposes of Section 1205 and the other Sections of this Indenture referred to in clauses (ai) and (bii) below, and the Company and each of the Subsidiary Guarantors shall be deemed to have satisfied all its other obligations under such Notes and this Indenture insofar as such Notes are concerned (and the Trustee, at the expense of the CompanyIssuers, shall execute proper instruments acknowledging the same), except for the following, following which shall survive until otherwise terminated or discharged hereunder: (ai) the rights of Holders of Defeased outstanding Notes to receive, solely from the trust fund described in Section 1204 and as more fully set forth in such Section, payments in respect of the principal of (and premium, if any, on) and interest on such Notes when such payments are due, (bii) the Company’s Issuers’ obligations with respect to such Defeased Notes under Sections 304, 305, 306310, 402 1002 and 4031003, (ciii) the rights, powers, trusts, duties and immunities of the Trustee hereunder, including and the Trustee’s rights under Section 707, Issuers’ obligations in connection therewith and (div) this Article XIITwelve. If the Company exercises its option under this Section 1202Issuers exercise their Legal Defeasance option, payment of the Notes may not be accelerated because of an Event of Default with respect theretoDefault. Subject to compliance with this Article XIITwelve, the Company may, at its option and at any time, Issuers may exercise its their option under this Section 1202 notwithstanding the prior exercise of its their option under Section 1203 with respect to the Notes.

Appears in 3 contracts

Samples: Mediacom Capital Corp, Mediacom Communications Corp, Mediacom Broadband Corp

Defeasance and Discharge. Upon the Company’s Issuer's exercise under Section 1201 8.1 of the option applicable to this Section 12028.2, the Company Issuer shall be deemed to have been released and discharged from its obligations with respect to the Defeased Notes on the date the relevant conditions set forth in Section 1204 below are satisfied (hereinafter, “Defeasance”"defeasance"). For this purpose, such Defeasance defeasance means that the Company Issuer shall be deemed to have paid and discharged the entire Indebtedness indebtedness represented by the Defeased Notes, which shall thereafter be deemed to be “Outstanding” "outstanding" only for the purposes of Section 1205 8.5 and the other Sections of this Indenture referred to in clauses (a) and (b) below, and the Company and each of the Subsidiary Guarantors shall be deemed to have satisfied all its other obligations under such Notes and Defeased Notes, this Indenture and the Deed of Trust insofar as such Defeased Notes are concerned (and the Trustee, at the expense of the CompanyIssuer, and, upon written request, shall execute proper instruments acknowledging the same), except for the following, following which shall survive until otherwise terminated or discharged hereunder: (a) the rights of Holders of Defeased Notes to receive, receive solely from the trust fund described in Section 1204 8.5 and as more fully set forth in such Section, payments in respect of the principal of and of, premium, if any, and interest on such Defeased Notes when such payments are due, (b) the Company’s Issuer's obligations with respect to such Defeased Notes under Sections 3042.3, 3052.4, 3062.5, 402 2.6, 2.7, 2.8, 2.9, and 4034.2, (c) the rights, powers, trusts, duties and immunities of the Trustee hereunder, including including, without limitation, the Trustee’s 's rights under Section 7079.7, and (d) this Article XII. If the Company exercises its option under this Section 1202, payment of the Notes may not be accelerated because of an Event of Default with respect thereto8. Subject to compliance with this Article XII8, the Company may, at its option and at any time, Issuer may exercise its option under this Section 1202 8.2 notwithstanding the prior exercise of its option under Section 1203 8.3 with respect to the Timber Notes and any Additional Timber Notes.

Appears in 2 contracts

Samples: Maxxam Inc, Maxxam Inc

Defeasance and Discharge. Upon the Company’s 's exercise under Section 1201 1301 of the option applicable to this Section 12021302, the Company shall be deemed to have been released and discharged from its obligations with respect to all Outstanding Notes, and the Defeased Notes Subsidiary Guarantors, if any, shall be deemed to have been discharged from their respective obligations under their respective Subsidiary Guarantees, on the date the relevant conditions set forth in Section 1204 below 1304 are satisfied (hereinafter, “Defeasance”"defeasance"). For this purpose, such Defeasance defeasance means that the Company shall be deemed to have paid and discharged the entire Indebtedness indebtedness represented by the Defeased Outstanding Notes, which thereafter shall thereafter be deemed to be "Outstanding" only for the purposes of Section 1205 1305 and the other Sections of this Indenture referred to in clauses (aA) and (bB) below, and the Company and each of the Subsidiary Guarantors Guarantors, if any, shall be deemed to have satisfied all its other obligations under such Notes and this Indenture insofar as such Notes are concerned (and the Trustee, at the expense of the Company, shall execute proper instruments acknowledging the same), except for the following, which shall survive until otherwise terminated or discharged hereunder: (aA) the rights of Holders of Defeased Outstanding Notes to receive, solely from the trust fund described in Section 1204 1304 and as more fully set forth in such Section, payments in respect of the principal of (and premium, if any, on) and interest on such Notes when such payments are due, (bB) the Company’s 's obligations with respect to such Defeased Notes under Sections 304, 305, 306, 402 1002 and 4031003, (cC) the rights, powers, trusts, duties and immunities of the Trustee hereunder, including the Trustee’s rights under Section 707, hereunder and (dD) this Article XII. If Thirteen; provided, however, that the Company exercises its option under this Company's rights pursuant to Section 1202, payment of the Notes may 1101 shall not be accelerated because of an Event of Default with respect theretoterminated or discharged hereunder. Subject to compliance with this Article XIIThirteen, the Company may, at its option and at any time, may exercise its option under this Section 1202 1302 notwithstanding the prior exercise of its option under Section 1203 1303 with respect to the Notes.

Appears in 2 contracts

Samples: Indenture (Teligent Inc), Teligent Inc

Defeasance and Discharge. Upon the Company’s Issuer's exercise under Section 1201 11.1 of the option applicable to this Section 120211.2, the Company Issuer shall be deemed to have been released and discharged from its obligations with respect to the Defeased all Outstanding Senior Notes on the date the relevant conditions set forth in Section 1204 below are satisfied (hereinafter, “Defeasance”"defeasance"). For this purpose, such Defeasance defeasance means that the Company Issuer shall be deemed to have paid and discharged the entire Indebtedness indebtedness represented by the Defeased Outstanding Senior Notes, which shall thereafter be deemed to be "Outstanding" only for the purposes of Section 1205 11.5 and the other Sections sections of this Indenture referred to in clauses (aSection 11.2(a) and (bSection 11.2(b) below, and the Company and each of the Subsidiary Guarantors shall be deemed to have satisfied all other obligations under such Senior Notes and this Indenture insofar as such Notes are concerned (and the Trustee, on demand of and at the expense of the Company, Issuer shall execute proper instruments acknowledging the same), except for the following, following which shall survive until otherwise terminated or discharged hereunder: (a) the rights of Holders of Defeased Outstanding Senior Notes to receive, receive solely from the trust fund described in Section 1204 11.5 and as more fully set forth in such Section, payments in respect of the principal of and premium, if any, any premium and interest on such Senior Notes when such payments are due, or on the Redemption Date, as the case may be, (b) the Company’s Issuer's obligations with respect to such Defeased Senior Notes under Sections 304Section 2.3, 305Section 2.4, 306Section 2.6, 402 Section 2.7, Section 2.12 and 403Section 2.13, (c) the rights, powers, trusts, duties and immunities of the Trustee hereunder, including hereunder and the Trustee’s rights under Section 707Issuer's obligations in connection therewith, and (d) this Article XII. If the Company exercises its option under this Section 1202, payment of the Notes may not be accelerated because of an Event of Default with respect thereto11. Subject to compliance with this Article XII11, the Company may, at its option and at any time, Issuer may exercise its option under this Section 1202 11.2 notwithstanding the prior exercise of its option under Section 1203 11.3 with respect to the Senior Notes.

Appears in 2 contracts

Samples: Indenture (Markel Corp), Indenture (Markel Corp)

Defeasance and Discharge. Upon the Company’s 's exercise under Section 1201 of the above option applicable to this Section 1202with respect to any Notes of or within a series, the Company shall be deemed to have been released and discharged from its obligations with respect to the Defeased such Outstanding Notes on the date the relevant conditions set forth in Section 1204 below 1404 are satisfied (hereinafter, “Defeasance”"defeasance"). For this purpose, such Defeasance defeasance means that the Company shall be deemed to have paid and discharged the entire Indebtedness indebtedness represented by the Defeased such Outstanding Notes, which shall thereafter be deemed to be "Outstanding" only for the purposes of Section 1205 1405 and the other Sections of this Indenture referred to in clauses (aA) and (bB) below, and the Company and each of the Subsidiary Guarantors shall be deemed to have satisfied all of its other obligations under such Notes and this Indenture insofar as such Notes are concerned (and the Trustee, at the expense of the Company, shall execute proper instruments acknowledging the same), except for the following, following which shall survive until otherwise terminated or discharged hereunder: (aA) the rights of Holders of Defeased such Outstanding Notes to receive, solely from the trust fund described in Section 1204 1404 and as more fully set forth in such Section, payments in respect of the principal of (and premiumpremium or Make-Whole Amount, if any) and interest, if any, and interest on such Notes appertaining thereto when such payments are due, (bB) the Company’s 's obligations with respect to such Defeased Notes under Sections 304, 305, 306, 402 1002 and 4031003 and with respect to the payment of Additional Amounts, if any, on such Notes as contemplated by Section 1012, (cC) the rights, powers, trusts, duties and immunities of the Trustee hereunder, including the Trustee’s rights under Section 707, 606 and (dD) this Article XII. If the Company exercises its option under this Section 1202, payment of the Notes may not be accelerated because of an Event of Default with respect theretoArticle. Subject to compliance with this Article XIIFourteen, the Company may, at its option and at any time, may exercise its option under this Section 1202 notwithstanding the prior exercise of its option under Section 1203 1403 with respect to the such Notes.

Appears in 2 contracts

Samples: Indenture (Carramerica Realty Corp), Carramerica Realty Corp

Defeasance and Discharge. 136 Upon the Company’s 's exercise under Section 1201 of the option applicable to this Section 1202, the Company shall be deemed to have been released and discharged from its obligations with respect to the Defeased Notes all Outstanding Securities on the date the relevant conditions set forth in Section 1204 below are satisfied (hereinafter, “Defeasance”"defeasance"). For this purpose, such Defeasance defeasance means that the Company shall be deemed to have paid and discharged the entire Indebtedness indebtedness represented by the Defeased NotesOutstanding Securities, which shall thereafter be deemed to be "Outstanding" only for the purposes of Section 1205 and the other Sections of this Indenture referred to in clauses (aA) and (bB) below, and the Company and each of the Subsidiary Guarantors shall be deemed to have satisfied all its other obligations under such Notes Securities and this Indenture insofar as such Notes Securities are concerned (and the Trustee, at the expense of the Company, shall execute proper instruments acknowledging the same), except for the following, following which shall survive until otherwise terminated or discharged hereunder: (aA) the Company's obligations with respect to such Securities under Sections 304, 305, 306, 1002 and 1003, (B) rights of Holders to receive payment of Defeased Notes to receiveprincipal of, solely from the trust fund described in Section 1204 and as more fully set forth in such Section, payments in respect of the principal of and premium, if any, and interest on such Notes when such payments are due, Securities (bbut not the Purchase Price referred to under Section 1009 or 1016) and any rights of the Company’s obligations Holders with respect to such Defeased Notes under Sections 304, 305, 306, 402 and 403amounts, (cC) the rights, powers, trusts, duties obligations and immunities of the Trustee hereunder, including under the Trustee’s rights under Section 707, Indenture and (dD) this Article XII. If the Company exercises its option under this Section 1202, payment of the Notes may not be accelerated because of an Event of Default with respect theretoTwelve. Subject to compliance with this Article XIITwelve, the Company may, at its option and at any time, may exercise its option under this Section 1202 notwithstanding the prior exercise of its option under Section 1203 with respect to the NotesSecurities. If the Company exercises its option under this Section 1202, each Guarantor, if any, shall be released from all its obligations under its Restricted Subsidiary Guarantee.

Appears in 2 contracts

Samples: Level 3 Communications Inc, Level 3 Communications Inc

Defeasance and Discharge. Upon the CompanyIssuer’s exercise under Section 1201 8.1 of the option applicable to this Section 12028.2, the Company Issuer shall be deemed to have been released and discharged from its obligations with respect to the Defeased Notes on the date the relevant conditions set forth in Section 1204 below 8.4 are satisfied (hereinafter, “Defeasancelegal defeasance”). For this purpose, such Defeasance legal defeasance means that the Company Issuer shall be deemed to have paid and discharged the entire Indebtedness indebtedness represented by the Defeased Notes, which shall thereafter be deemed to be “Outstanding” only for the purposes of Section 1205 Notes and the other Sections of this Indenture referred to in clauses (a) and (b) below, and the Company and each of the Subsidiary Guarantors shall be deemed to have satisfied all its other obligations under such the Notes and this Indenture insofar as such Notes are concerned (and the Trustee, at the expense of the CompanyIssuer, shall execute proper instruments acknowledging the same), except for the following, following which shall survive until otherwise terminated or discharged hereunder: (a) the rights of Holders of Defeased Notes to receive, solely from the trust fund described in Section 1204 8.8 and as more fully set forth in such Section, payments in respect of the principal of (and premium, if any, on) and interest on such Notes when such payments are due, (b) the Company’s obligations with respect to such Defeased Notes under provisions set forth at Sections 3042.6, 3052.7, 3062.11, 402 4.19 and 4038.6, (c) the rights, powers, trusts, duties and immunities of the Trustee hereunder, including the Trustee’s rights under Section 707, hereunder and (d) the Issuer’s right of redemption pursuant to Section 3.8. Subject to compliance with this Article XII8, the Issuer may exercise its option under Section 8.2 notwithstanding the prior exercise of its option under Section 8.3 below with respect to the Notes. If the Company Issuer exercises its option under this Section 1202legal defeasance option, payment of the Notes may not be accelerated because of an Event of Default with respect thereto. Subject to compliance with this Article XII, the Company may, at its option and at any time, exercise its option under this Section 1202 notwithstanding the prior exercise of its option under Section 1203 with respect to the NotesDefault.

Appears in 2 contracts

Samples: Indenture (FTS International, Inc.), Indenture (FTS International, Inc.)

Defeasance and Discharge. Upon the CompanyIssuer’s exercise under Section 1201 8.01 of the option applicable to this Section 12028.02, the Company Issuer shall be deemed to have been released and discharged from its obligations with respect to the Defeased Notes on the date the relevant conditions set forth in Section 1204 below 8.04 are satisfied (hereinafter, “Defeasancelegal defeasance”). For this purpose, such Defeasance legal defeasance means that the Company Issuer shall be deemed to have paid and discharged the entire Indebtedness Debt represented by the Defeased Notes, which shall thereafter be deemed to be “Outstanding” only for the purposes of Section 1205 outstanding Notes and the other Sections of this Indenture referred to in clauses (a) and (b) below, and the Company and each of the Subsidiary Guarantors shall be deemed to have satisfied all its other obligations under such the Notes and this Indenture insofar as such Notes are concerned (and the Trustee, at the expense of the CompanyIssuer, shall execute proper instruments acknowledging the same), except for the following, following provisions which shall survive until otherwise terminated or discharged hereunder: (a) the rights of Holders of Defeased outstanding Notes to receive, solely from the trust fund described in Section 1204 8.08 and as more fully set forth in such Section, payments in respect of the principal of (and premium, if any, on) and interest on such Notes when such payments are due, (b) the Company’s obligations with respect to such Defeased Notes under Sections 304, 305, 306, 402 and 403provisions set forth at Section 8.06 below, (c) the rights, powers, trusts, duties and immunities of the Trustee hereunder, including hereunder and the TrusteeIssuer’s rights under Section 707, obligations in connection therewith and (d) this Section 8.02. Subject to compliance with this Article XII. If Eight, the Company exercises Issuer may exercise its option under this Section 12028.02 notwithstanding the prior exercise of its option under Section 8.03 below with respect to the Notes. If the Issuer exercises its legal defeasance option, payment of the Notes may not be accelerated because of an Event of Default with respect thereto. Subject to compliance with this Article XII, the Company may, at its option and at any time, exercise its option under this Section 1202 notwithstanding the prior exercise of its option under Section 1203 with respect to the NotesDefault.

Appears in 2 contracts

Samples: Indenture (Ardagh Finance Holdings S.A.), Ardagh Group S.A.

Defeasance and Discharge. Upon the Company’s exercise under Section 1201 8.1 hereof of the option applicable to this Section 12028.2, the Company shall shall, subject to the satisfaction of the conditions set forth in Section 8.4 hereof, be deemed to have been released and discharged from its obligations (and discharged Parent from all its obligations hereunder) with respect to all outstanding Notes and all obligations of the Guarantors discharged with respect to the Defeased Notes Note Guarantees (and all covenants of Parent shall terminate) on the date the relevant conditions set forth in Section 1204 below are satisfied (hereinafter, “Defeasancedefeasance”). For this purpose, such Defeasance defeasance means that the Company and the Note Guarantors shall be deemed to have paid and discharged the entire Indebtedness Debt represented by the Defeased Notesoutstanding Notes and Note Guarantees, which shall thereafter be deemed to be “Outstandingoutstanding” only for the purposes of Section 1205 8.5 hereof and the other Sections of this Indenture referred to in clauses (a) and (b) below, and the Company and each of the Subsidiary Guarantors shall be deemed to have satisfied all of its other obligations under such Notes and this Indenture insofar as such Notes are concerned (and all covenants of Parent shall be terminated) (and the Trustee, on demand of and at the expense of the Company, shall execute proper instruments acknowledging the same), except for the following, following provisions which shall survive until otherwise terminated or discharged hereunder: (a) the rights of Holders of Defeased outstanding Notes to receive, solely from the trust fund described in Section 1204 and as more fully set forth in such Section, receive payments in respect of the principal of and of, premium, if any, and interest interest, if any, on such Notes when such payments are due, due from the trust referred to in Section 8.4(l); (b) the Company’s obligations with respect to such Defeased Notes under Sections 3042.2, 3052.3, 3062.4, 402 2.5, 2.6, 2.7, 2.10 and 403, 4.2 hereof; (c) the rights, powers, trusts, duties benefits and immunities of the Trustee hereunderTrustee, including the Trustee’s rights without limitation thereunder, under Section 7077.7, 8.5 and 8.7 hereof and the Company’s obligations in connection therewith; (d) the Company’s rights pursuant to Section 3.7; and (e) the provisions of this Article XII. If the Company exercises its option under this Section 1202, payment of the Notes may not be accelerated because of an Event of Default with respect theretoVIII. Subject to compliance with this Article XIIVIII, the Company may, at its option and at any time, may exercise its option under this Section 1202 8.2 notwithstanding the prior exercise of its option under Section 1203 with respect to 8.3 hereof. In addition, the Notes.Company, the Guarantors and Parent may terminate the obligations under this Indenture when:

Appears in 2 contracts

Samples: Toys R Us Property Co I, LLC, Toys R Us Inc

Defeasance and Discharge. Upon the Company’s 's exercise under Section 1201 4.01 of the option applicable to this Section 12024.02, the Company shall be deemed to have been released and discharged from its obligations with respect to the Defeased Notes on the date the relevant conditions set forth in Section 1204 below are satisfied (hereinafter, “Defeasance”"defeasance"). For this purpose, such Defeasance defeasance means that the Company shall be deemed to have paid and discharged the entire Indebtedness indebtedness represented by the Defeased Notes, which shall thereafter be deemed to be "Outstanding" only for the purposes of Section 1205 4.05 and the other Sections of this Indenture referred to in clauses (a) and (b) below, and the Company and each of the Subsidiary Guarantors shall be deemed to have satisfied all its other obligations under such Notes and this Indenture insofar as such Notes are concerned (and the Trustee, at the expense of the Company, and, upon Company Request, shall execute proper instruments acknowledging the same), except for the following, which shall survive until otherwise terminated or discharged hereunder: (a) the rights of Holders of Defeased Notes to receive, solely from the trust fund funds described in Section 1204 4.04 and as more fully set forth in such Sectionsection, payments in respect of the principal of and of, premium, if any, and interest on such Notes when such payments are due, (b) the Company’s 's obligations with respect to such Defeased Notes under Sections 3043.05, 3053.06, 3063.07, 402 10.02 and 40310.03, (c) the rights, powers, trusts, duties and immunities of the Trustee hereunder, including including, without limitation, the Trustee’s 's rights under Section 7076.07, and (d) this Article XII. If the Company exercises its option under this Section 1202, payment of the Notes may not be accelerated because of an Event of Default with respect theretoFour. Subject to compliance with this Article XIIFour, the Company may, at its option and at any time, may exercise its option under this Section 1202 4.02 notwithstanding the prior exercise of its option under Section 1203 4.03 with respect to the Notes.

Appears in 2 contracts

Samples: Indenture (Atrium Corp), Atrium Corp

Defeasance and Discharge. Upon the Company’s 's exercise under Section 1201 of the option applicable to this Section 1202, the Company and the Guarantors shall be deemed to have been released and discharged from its their respective obligations with respect to the Defeased Notes all Outstanding Securities on the date the relevant conditions set forth in Section 1204 below are satisfied (hereinafter, “Defeasance”"defeasance"). For this purpose, such Defeasance defeasance means that the Company shall be deemed to have paid and discharged the entire Indebtedness indebtedness represented by the Defeased NotesOutstanding Securities, which shall thereafter be deemed to be "Outstanding" only for the purposes of Section 1205 and the other Sections of this Indenture referred to in clauses (aA) and (bB) below, and the Company and each of the Subsidiary Guarantors shall be deemed to have satisfied all its other obligations under such Notes Securities and this Indenture insofar as such Notes Securities are concerned (and the Trustee, at the expense of the Company, shall execute proper instruments acknowledging the same), except for the following, following which shall survive until otherwise terminated or discharged hereunder: (aA) the rights of Holders of Defeased Notes Outstanding Securities to receive, solely from the trust fund described in Section 1204 and as more fully set forth in such Section, payments in respect of the principal of (and premium, if any, on) and interest on such Notes Securities when such payments are due, (bB) the Company’s 's obligations with respect to such Defeased Notes Securities under Sections 304, 305, 306308, 402 1002 and 4031003, (cC) the rights, powers, trusts, duties and immunities of the Trustee hereunder, including the Trustee’s rights under Section 707, hereunder and (dD) this Article XII. If the Company exercises its option under this Section 1202, payment of the Notes may not be accelerated because of an Event of Default with respect theretoTwelve. Subject to compliance with this Article XIITwelve, the Company may, at its option and at any time, may exercise its option under this Section 1202 notwithstanding the prior exercise of its option under Section 1203 with respect to the NotesSecurities.

Appears in 2 contracts

Samples: Be Aerospace Inc, Applied Extrusion Technologies Inc /De

Defeasance and Discharge. Upon the Company’s 's exercise under Section 1201 1301 of the option applicable to this Section 12021302, the Company shall be deemed to have been released and discharged from its obligations with respect to the Defeased Notes all Outstanding Securities on the date the relevant conditions set forth in Section 1204 below 1304 are satisfied (hereinafter, “Defeasance”"defeasance"). For this purpose, such Defeasance defeasance means that the Company shall be deemed to have paid and discharged the entire Indebtedness indebtedness represented by the Defeased NotesOutstanding Securities, which shall thereafter be deemed to be "Outstanding" only for the purposes of Section 1205 1305 and the other Sections of this Indenture referred to in clauses (a) and (b) below, and the Company and each of the Subsidiary Guarantors shall be deemed to have satisfied all its other obligations under such Notes Securities and this Indenture insofar as such Notes Securities are concerned (and the Trustee, at the expense of the Company, shall execute proper instruments acknowledging the same), except for the following, which shall survive until otherwise terminated or discharged hereunder: (a) the rights of Holders of Defeased Notes Outstanding Securities to receive, solely from the trust fund described in Section 1204 1304 and as more fully set forth in such Section, payments in respect of the principal of (and premium, if any, on) and interest on such Notes Securities when such payments are due, ; (b) the Company’s 's obligations with respect to such Defeased Notes Securities under Sections 304, 305, 306, 402 1002 and 403, 1003; (c) the rights, powers, trusts, duties and immunities of the Trustee hereunder, including the Trustee’s rights under Section 707, ; and (d) this Article XII. If the Company exercises its option under this Section 1202, payment of the Notes may not be accelerated because of an Event of Default with respect theretoThirteen. Subject to compliance with this Article XIIThirteen, the Company may, at its option and at any time, may exercise its option under this Section 1202 1302 notwithstanding the prior exercise of its option under Section 1203 1303 with respect to the NotesSecurities.

Appears in 2 contracts

Samples: Atlantic Coast Entertainment Holdings Inc, Atlantic Coast Entertainment Holdings Inc

Defeasance and Discharge. Upon the Company’s exercise under Section 1201 of the option applicable to this Section 1202, the Company shall be deemed to have been released and discharged from its obligations with respect to the Defeased Notes on the date the relevant conditions set forth in Section 1204 below are satisfied (hereinafter, “Defeasance”). For this purpose, such Defeasance means that the Company shall be deemed to have paid and discharged the entire Indebtedness represented by the Defeased Notes, which shall thereafter be deemed to be “Outstanding” only for the purposes of Section 1205 and the other Sections of this Indenture referred to in clauses (a) and (b) below, and the Company Company, Holdings and each of the Subsidiary Guarantors shall be deemed to have satisfied all other obligations under such Notes and this Indenture insofar as such Notes are concerned (and the Trustee, at the expense of the Company, shall execute proper instruments acknowledging the same), except for the following, which shall survive until otherwise terminated or discharged hereunder: (a) the rights of Holders of Defeased Notes to receive, solely from the trust fund described in Section 1204 and as more fully set forth in such Section, payments in respect of the principal of and premium, if any, and interest on such Notes when such payments are due, (b) the Company’s obligations with respect to such Defeased Notes under Sections 304, 305, 306, 402 402, and 403, (c) the rights, powers, trusts, duties and immunities of the Trustee hereunder, including the Trustee’s rights under Section 707, and (d) this Article XII. If the Company exercises its option under this Section 1202, payment of the Notes may not be accelerated because of an Event of Default with respect thereto. Subject to compliance with this Article XII, the Company may, at its option and at any time, exercise its option under this Section 1202 notwithstanding the prior exercise of its option under Section 1203 with respect to the Notes.

Appears in 2 contracts

Samples: Intercreditor Agreement (Unistrut International Holdings, LLC), Indenture (Unistrut International Holdings, LLC)

Defeasance and Discharge. Upon the Company’s 's exercise under Section 1201 1301 of the option applicable to this Section 12021302, the Company shall be deemed to have been released and discharged from its obligations with respect to the Defeased all Outstanding Notes on the date the relevant conditions set forth in Section 1204 below 1304 are satisfied (hereinafter, “Defeasance”"defeasance"). For this purpose, such Defeasance defeasance means that the Company shall be deemed to have paid and discharged the entire Indebtedness indebtedness represented by the Defeased Outstanding Notes, which shall thereafter be deemed to be "Outstanding" only for the purposes of Section 1205 1305 and the other Sections of this Indenture referred to in clauses (aA) and (bB) below, and the Company and each of the Subsidiary Guarantors shall be deemed to have satisfied all its other obligations under such Notes and this Indenture insofar as such Notes are concerned (and the Trustee, at the expense of the Company, shall execute proper instruments acknowledging the same), except for the following, following which shall survive until otherwise terminated or discharged hereunder: (aA) the rights of Holders of Defeased Outstanding Notes to receive, solely from the trust fund described in Section 1204 1304 and as more fully set forth in such Section, payments in respect of the principal of (and premium, if any, on) and interest and Liquidated Damages, if any, on such Notes when such payments are due, (bB) the Company’s 's obligations with respect to such Defeased Notes under Sections 304, 305, 306308, 402 1002 and 4031003, (cC) the rights, powers, trusts, duties and immunities of the Trustee hereunder, including the Trustee’s rights under Section 707, hereunder and (dD) this Article XII. If the Company exercises its option under this Section 1202, payment of the Notes may not be accelerated because of an Event of Default with respect theretoThirteen. Subject to compliance with this Article XIIThirteen, the Company may, at its option and at any time, may exercise its option under this Section 1202 1302 notwithstanding the prior exercise of its option under Section 1203 1303 with respect to the Notes.

Appears in 2 contracts

Samples: Primus Telecommunications Group Inc, Primus Telecommunications Group Inc

Defeasance and Discharge. Upon the Company’s 's exercise under Section 1201 401 of the option applicable to this Section 1202402, the Company shall be deemed to have been released and discharged from its obligations with respect to the Defeased Notes all Outstanding Securities on the date the relevant conditions set forth in Section 1204 below are satisfied (hereinafter, “Defeasance”"defeasance"). For this purpose, such Defeasance defeasance means that the Company shall be deemed to have paid and discharged the entire Indebtedness indebtedness represented by the Defeased NotesOutstanding Securities, which shall thereafter be deemed to be "Outstanding" only for the purposes of Section 1205 405 and the other Sections of this Indenture referred to in clauses (aA) and (bB) below, and the Company and each of the Subsidiary Guarantors shall be deemed to have satisfied all its other obligations under such Notes Securities and this Indenture insofar as such Notes Securities are concerned (and the Trustee, on demand of and at the expense of the Company, shall execute proper instruments acknowledging the same), except for the following, following which shall survive until otherwise terminated or discharged hereunder: (aA) the rights of Holders of Defeased Notes Outstanding Securities to receive, receive solely from the trust fund described in Section 1204 404 and as more fully set forth in such Section, payments in respect of the principal of (and premium, if any, ) and interest on such Notes Securities when such payments are due, (bB) the Company’s 's obligations with respect to such Defeased Notes Securities under Sections 304, 305, 306308, 402 1002 and 4031013, (cC) the rights, powers, trusts, duties and immunities of the Trustee hereunderhereunder and the Company's obligations in connection therewith, including the Trustee’s rights Company's obligations under Section 707, 606 hereof and (dD) this Article XII. If the Company exercises its option under this Section 1202, payment of the Notes may not be accelerated because of an Event of Default with respect theretoFour. Subject to compliance with this Article XIIFour, the Company may, at its option and at any time, may exercise its option under this Section 1202 402 notwithstanding the prior exercise of its option under Section 1203 403 with respect to the NotesSecurities.

Appears in 2 contracts

Samples: Regal Cinemas Inc, Amc Entertainment Inc

Defeasance and Discharge. Upon the Company’s exercise under Section 1201 of the option applicable to this Section 1202, the Company shall be deemed to have been released and discharged from its obligations with respect to the Defeased Notes on the date the relevant conditions set forth in Section 1204 below are satisfied (hereinafter, “Defeasance”). For this purpose, such Defeasance means that the Company shall be deemed to have paid and discharged the entire Indebtedness represented by the Defeased Notes, which shall thereafter be deemed to be “Outstanding” only for the purposes of Section 1205 and the other Sections of this Indenture referred to in clauses (a) and (b) below, and the Company and each of the Subsidiary Guarantors shall be deemed to have satisfied all other obligations under such Defeased Notes and this Indenture insofar as such Defeased Notes are concerned (and the Trustee, at the expense of the Company, shall execute proper such instruments reasonably requested by the Company acknowledging the same), except for the following, which shall survive until otherwise terminated or discharged hereunder: (a) the rights of Holders of Defeased Notes to receive, solely from the trust fund described in Section 1204 and as more fully set forth in such SectionSection 1205, payments in respect of the principal of and premium, if any, and interest on such Defeased Notes when such payments are due, (b) the Company’s obligations with respect to such Defeased Notes under Sections 304, 305, 306, 402 312, 313, 402, and 403, (c) the rights, powers, trusts, duties and immunities of the Trustee hereunder, including the Trustee’s rights under Section 707, and (d) this Article XII. If the Company exercises its option under this Section 1202, payment of the Notes may not be accelerated because of an Event of Default with respect thereto. Subject to compliance with this Article XII, the Company may, at its option and at any time, exercise its option under this Section 1202 notwithstanding the prior exercise of its option under Section 1203 with respect to the Defeased Notes.

Appears in 2 contracts

Samples: Supplemental Indenture (Frontdoor, Inc.), Supplemental Indenture (Servicemaster Global Holdings Inc)

Defeasance and Discharge. Upon the Company’s exercise under Section 1201 8.1 hereof of the option applicable to this Section 12028.2, the Company shall shall, subject to the satisfaction of the conditions set forth in Section 8.4 hereof, be deemed to have been released and discharged from its obligations (and discharged Parent from all its obligations hereunder) with respect to all outstanding Notes and all obligations of the Guarantors discharged with respect to the Defeased Notes Note Guarantees (and all covenants of Parent shall terminate) on the date the relevant conditions set forth in Section 1204 below are satisfied (hereinafter, “Defeasancedefeasance”). For this purpose, such Defeasance defeasance means that the Company and the Guarantors shall be deemed to have paid and discharged the entire Indebtedness Debt represented by the Defeased Notesoutstanding Notes and Note Guarantees, which shall thereafter be deemed to be “Outstandingoutstanding” only for the purposes of Section 1205 8.5 hereof and the other Sections of this Indenture referred to in clauses (a) and (b) below, and the Company and each of the Subsidiary Guarantors shall be deemed to have satisfied all of its other obligations under such Notes and this Indenture insofar as such Notes are concerned (and all covenants of Parent shall be terminated) (and the Trustee, on demand of and at the expense of the Company, shall execute proper instruments acknowledging the same), except for the following, following provisions which shall survive until otherwise terminated or discharged hereunder: (a) the rights of Holders of Defeased outstanding Notes to receive, solely from the trust fund described in Section 1204 and as more fully set forth in such Section, receive payments in respect of the principal of and of, premium, if any, and interest interest, if any, on such Notes when such payments are due, due from the trust referred to in Section 8.4(l); (b) the Company’s obligations with respect to such Defeased Notes under Sections 3042.2, 3052.3, 3062.4, 402 2.5, 2.6, 2.7, 2.10 and 403, 4.2 hereof; (c) the rights, powers, trusts, duties benefits and immunities of the Trustee hereunderTrustee, including without limitation thereunder, under Sections 7.7, 8.5 and 8.7 hereof and the TrusteeCompany’s rights under Section 707, and obligations in connection therewith; (d) the Company’s rights pursuant to Section 3.7; and (e) the provisions of this Article XII. If the Company exercises its option under this Section 1202, payment of the Notes may not be accelerated because of an Event of Default with respect theretoVIII. Subject to compliance with this Article XIIVIII, the Company may, at its option and at any time, may exercise its option under this Section 1202 8.2 notwithstanding the prior exercise of its option under Section 1203 with respect to 8.3 hereof. In addition, the Notes.Company, the Guarantors and Parent may terminate the obligations under this Indenture when:

Appears in 2 contracts

Samples: Toys R Us Property Co II, LLC, Toys R Us Inc

Defeasance and Discharge. Upon the Company’s 's exercise under Section 1201 of the option applicable to this Section 1202, the Company shall be deemed to have been released and discharged from its obligations with respect to the Defeased all Outstanding Notes on the date the relevant conditions set forth in Section 1204 below hereof are satisfied (hereinafter, “Defeasance”"legal defeasance"). For this purpose, such Defeasance legal defeasance means that the Company shall be deemed (i) to have paid and discharged its obligations under the entire Indebtedness represented by Outstanding Notes; PROVIDED, HOWEVER, that the Defeased Notes, which Notes shall thereafter continue to be deemed to be "Outstanding” only " for the purposes of Section 1205 and the other Sections of this Indenture referred to in clauses (aA) and (bB) below, and the Company and each of the Subsidiary Guarantors shall be deemed (ii) to have satisfied all their other obligations under with respect to such Notes and this Indenture insofar as such Notes are concerned (and the Trustee, at the expense and direction of the Company, shall execute proper instruments acknowledging the same), except for the following, following which shall survive until otherwise terminated or discharged hereunder: (aA) the rights of Holders of Defeased Outstanding Notes to receive, solely from the trust fund described in Section 1204 hereof and as more fully set forth in such Section, payments in respect of the principal of and premium, if any, and interest on such Notes when such payments are duedue (or at such time as the Notes would be subject to redemption at the option of the Company in accordance with this Indenture), (bB) the Company’s obligations with respect to such Defeased Notes of the Company under Sections 303, 304, 305, 306, 402 607, 609, 610, 1002, and 4031003, (cC) the rights, powers, trusts, duties and immunities of the Trustee hereunder, including the Trustee’s rights under Section 707, and (dD) the obligations of the Company under this Article XII. If the Company exercises its option under this Section 1202, payment of the Notes may not be accelerated because of an Event of Default with respect theretoTwelve. Subject to compliance with this Article XIITwelve, the Company may, at its option and at any time, may exercise its option under this Section 1202 notwithstanding the prior exercise of its option under Section 1203 with respect to the Notes.

Appears in 2 contracts

Samples: Indenture (Callon Petroleum Co), Indenture (Callon Petroleum Co)

Defeasance and Discharge. Upon the Company’s 's exercise under Section 1201 of the its option applicable (if any) to have this Section 120212.02 applied to the Notes of any series, the Company shall be deemed to have been released and discharged from its obligations with respect to the Defeased such Notes as provided in this Section 12.02 on and after the date the relevant conditions set forth in Section 1204 below 12.04 are satisfied (hereinafter, “hereinafter called "Defeasance"). For this purpose, such Defeasance means that the Company shall be deemed to have paid and discharged the entire Indebtedness indebtedness represented by the Defeased Notes, which shall thereafter be deemed to be “Outstanding” only for the purposes of Section 1205 such Notes and the other Sections of this Indenture referred to in clauses (a) and (b) below, and the Company and each of the Subsidiary Guarantors shall be deemed to have satisfied all its other obligations under such Notes and this Indenture insofar as such Notes are concerned (and the Indenture Trustee, at the expense of the CompanyCompany and upon Company Order, shall execute proper instruments acknowledging the same), except for subject to the following, which shall survive until otherwise terminated or discharged hereunder: (a1) the rights right of Holders of Defeased such Notes to receive, solely from the trust fund funds described in Section 1204 12.04(1), and as more fully set forth in such Section, payments in respect of the principal of and premium, if any, and interest interest, if any, on such Notes when such payments are due, (b2) the Company’s 's obligations with respect to such Defeased Notes under Sections 3042.07, 3052.08, 3062.09 and 3.03(a) and with respect to the payment of Additional Amounts, 402 and 403if any, on such Notes as contemplated by Section 3.12, but only to the extent that the Additional Amounts payable with respect to such Notes exceed the amount deposited in respect of such Additional Amounts pursuant to Section 12.04(1) below; (c3) the rights, trusts, powers, trusts, duties and immunities of the Indenture Trustee hereunder, including the Trustee’s rights under Section 707, ; and (d4) this Article XII. If the Company exercises its option under this Section 1202, payment of the Notes may not be accelerated because of an Event of Default with respect thereto12. Subject to compliance with this Article XII12, the Company may, at its option and at any time, may exercise its option under (if any) to have this Section 1202 12.02 applied to any Notes notwithstanding the prior exercise of its option under (if any) to have Section 1203 with respect 12.03 applied to the such Notes.

Appears in 2 contracts

Samples: Indenture (Governor & Co of the Bank of Ireland), Indenture (Governor & Co of the Bank of Ireland)

Defeasance and Discharge. Upon the CompanyIssuer’s exercise under Section 1201 8.01 of the option applicable to this Section 12028.02, the Company Issuer and the Guarantors shall be deemed to have been released and discharged from its their obligations with respect to the Defeased Notes on the date the relevant conditions set forth in Section 1204 below 8.04 are satisfied (hereinafter, “Legal Defeasance”). For this purpose, such Legal Defeasance means that the Company Issuer shall be deemed to have paid and discharged the entire Indebtedness represented by the Defeased Notes, which shall thereafter be deemed to be “Outstanding” only for the purposes of Section 1205 outstanding Notes and the other Sections of this Indenture referred to in clauses (a) and (b) below, and the Company and each of the Subsidiary Guarantors shall be deemed to have satisfied all their other obligations under such the Notes and this Indenture insofar as such Notes are concerned (and the Trustee, at the expense of the CompanyIssuer, shall execute proper instruments acknowledging the same), except for the following, following provisions which shall survive until otherwise terminated or discharged hereunder: (a) the rights of Holders of Defeased outstanding Notes to receive, solely from the trust fund described in Section 1204 8.08 and as more fully set forth in such Section, payments in respect of the principal of (and premium, if any, on) and interest (including Additional Amounts) on such Notes when such payments are due, (b) the CompanyIssuer’s obligations with respect to such Defeased the Notes under Sections 304concerning issuing temporary Notes, 305registration of Notes, 306mutilated, 402 destroyed, lost or stolen Notes and 403the maintenance of an office or agency for payment and money for security payments held in trust, (c) the rights, powers, trusts, duties and immunities of the Trustee hereunder, including hereunder and the TrusteeIssuer’s rights under Section 707, and the Guarantors’ obligations in connection therewith and (d) the provisions of this Article XIIEight. If Subject to compliance with this Article Eight, the Company exercises Issuer may exercise its option under this Section 12028.02 notwithstanding the prior exercise of its option under Section 8.03 below with respect to the Notes. If the Issuer exercises its Legal Defeasance option, payment of the Notes may not be accelerated because of an Event of Default with respect thereto. Subject to compliance with this Article XII, the Company may, at its option and at any time, exercise its option under this Section 1202 notwithstanding the prior exercise of its option under Section 1203 with respect to the NotesDefault.

Appears in 2 contracts

Samples: Indenture (Carnival PLC), Carnival PLC

Defeasance and Discharge. Upon the Company’s 's exercise under Section 1201 401 of the option applicable to this Section 1202402, the Company shall be deemed to have been released and discharged from its obligations with respect to the Defeased Notes all Outstanding Securities on the date the relevant conditions set forth in Section 1204 below are satisfied (hereinafter, “Defeasance”"defeasance"). For this purpose, such Defeasance defeasance means that the Company shall be deemed to have paid and discharged the entire Indebtedness indebtedness represented by the Defeased NotesOutstanding Securities, which shall thereafter be deemed to be "Outstanding" only for the purposes of Section 1205 405 and the other Sections of this Indenture referred to in clauses (a) A), (B), and (bC) below, and the Company and each of the Subsidiary Guarantors shall be deemed to have satisfied all its other obligations under such Notes Securities and this Indenture insofar as such Notes Securities are concerned (and the Trustee, upon Company Request and at the expense of the Company, shall execute proper instruments acknowledging the same), except for the following, following which shall survive until otherwise terminated or discharged hereunder: (aA) the rights of Holders of Defeased Notes Outstanding Securities to receive, receive solely from the trust fund described in Section 1204 404 and as more fully set forth in such Section, payments in respect of the principal of (and premium, if any, ) and interest on such Notes Securities when such payments are due, (bB) the Company’s 's obligations with respect to such Defeased Notes Securities under Sections 304, 305, 306308, 402 1002, 1003, 1014 (for purposes of applying Section 1014, if the Trustee (or any other qualifying trustee referred to in Section 404(1)) is required by law or by the interpretation or administration thereof to withhold or deduct any amount for or on account of Taxes (as defined in Section 1014) from any payment made from the trust fund described in Section 404 under or with respect to the Securities, such payment shall be deemed to have been made by the Company and 403the Company shall be deemed to have been so required to withhold or deduct) and 1015, (cC) the Company's right of redemption pursuant to Section 1101(b), provided that either (i) the change or amendment referred to therein occurs after defeasance is exercised by the Company in accordance with Section 404 or (ii) the Company was, immediately before the defeasance, entitled to redeem the Securities pursuant to Section 1101(b), in which case the Company may redeem the Securities in accordance with Article Eleven by complying with such Article and depositing with the Trustee, in accordance with Section 1106, an amount of money sufficient, together with all amounts held in trust pursuant to Section 404(1), to pay the Redemption Price of all the Securities to be redeemed, (D) the rights, powers, trusts, duties and immunities of the Trustee hereunderhereunder and the Company's obligations in connection therewith, including the Trustee’s rights Company's obligations under Section 707, 607 and (dE) this Article XII. If the Company exercises its option under this Section 1202, payment of the Notes may not be accelerated because of an Event of Default with respect theretoFour. Subject to compliance with this Article XIIFour, the Company may, at its option and at any time, may exercise its option under this Section 1202 402 notwithstanding the prior exercise of its option under Section 1203 403 with respect to the NotesSecurities.

Appears in 2 contracts

Samples: Pledge Agreement (Rogers Cable Inc), Indenture (Rogers Cable Inc)

Defeasance and Discharge. Upon the Company’s 's exercise under Section 1201 Section1201 of the option applicable to this Section 1202Section1202, the Company shall be deemed to have been released and discharged from its obligations with respect to the Defeased Notes all Outstanding Securities on the date the relevant conditions set forth in Section 1204 below Section1204 are satisfied (hereinafter, “Defeasance”"defeasance"). For this purpose, such Defeasance defeasance means that the Company shall be deemed to have paid and discharged the entire Indebtedness indebtedness represented by the Defeased NotesOutstanding Securities, which shall thereafter be deemed to be "Outstanding" only for the purposes of Section 1205 Section1205 and the other Sections of this Indenture referred to in clauses (aA) and (bB) below, and the Company and each of the Subsidiary Guarantors shall be deemed to have satisfied all its other obligations under such Notes Securities and this Indenture insofar as such Notes Securities are concerned (and the Trustee, at the expense of the Company, shall execute proper instruments acknowledging the same), except for the following, following which shall survive until otherwise terminated or discharged hereunder: (a) the A)the rights of Holders of Defeased Notes Outstanding Securities to receive, solely from the trust fund described in Section 1204 Section1204 and as more fully set forth in such Section, payments in respect of the principal of and of, premium, if any, and interest on such Notes Securities when such payments are duedue (but not the Purchase Price referred to in Section 1010) and any rights of the Holders with respect to such amounts, (b) the B)the Company’s 's obligations with respect to such Defeased Notes Securities under Sections 304Sections304, 305, 306, 402 1002 and 4031003, (c) the C)the rights, powers, trusts, duties and immunities of the Trustee hereunder, including the Trustee’s rights under Section 707, hereunder and (d) this Article XII. If the Company exercises its option under this Section 1202, payment of the Notes may not be accelerated because of an Event of Default with respect theretoD)this ArticleTwelve. Subject to compliance with this Article XIITwelve, the Company may, at its option and at any time, may exercise its option under this Section 1202 Section1202 notwithstanding the prior exercise of its option under Section 1203 Section1203 with respect to the NotesSecurities.

Appears in 2 contracts

Samples: Indenture (Qwest Communications International Inc), Indenture (Qwest Communications International Inc)

Defeasance and Discharge. Upon the Company’s exercise under Section 1201 of the option specified in Section 4.3 applicable to this Section 1202with respect to the Notes, the Company and the Guarantor shall be deemed to have been released and discharged from its their obligations with respect to such Notes and the Defeased Notes Note Guarantee on and after the date the relevant conditions set forth in Section 1204 below 4.6 are satisfied (hereinafter, hereinafter Defeasancedefeasance”). For this purpose, such Defeasance defeasance means that the Company shall be deemed to have paid and discharged the entire Indebtedness indebtedness represented by such Notes and the Defeased Notes, Note Guarantee which shall thereafter be deemed to be “Outstanding” only for the purposes of Section 1205 4.7 and the other Sections of this Indenture referred to in clauses clause (aii) and (b) belowof this Section, and the Company and each of the Subsidiary Guarantors shall be deemed to have satisfied all its other obligations under such Notes Notes, such Note Guarantee and this Indenture insofar as such Notes and such Note Guarantee are concerned (and the Trustee, at the cost and expense of the Company, shall on Company Order execute proper instruments acknowledging the same), except for the following, following which shall survive until otherwise terminated or discharged hereunder: (ai) the rights of Holders of Defeased Outstanding Notes to receive, solely from the trust fund funds described in Section 1204 4.6(a) and as more fully set forth in such Section, payments in respect of the principal of and of, premium, if any, and interest interest, if any, on such Notes when such payments are due, ; (bii) the Company’s obligations with respect to such Defeased Notes under Sections 304Section 3.4, 305Section 3.5, 306Section 3.6, 402 Section 9.2 and 403, Section 9.3 and such obligations as shall be ancillary thereto; (ciii) the rights, powers, trusts, duties and immunities of the Trustee hereunder, including the Trustee’s rights under Section 707, ; and (div) this Article XII4. If Subject to compliance with this Article 4, the Company exercises may exercise its option under this Section 1202notwithstanding the prior exercise of its option under Section 4.5 with respect to such Notes and the Note Guarantee. Following a defeasance, payment of the such Notes may not be accelerated because of an Event of Default with respect thereto. Subject to compliance with this Article XII, the Company may, at its option and at any time, exercise its option under this Section 1202 notwithstanding the prior exercise of its option under Section 1203 with respect to the NotesDefault.

Appears in 2 contracts

Samples: Ual Corp /De/, Ual Corp /De/

Defeasance and Discharge. Upon the Company’s exercise under Section 1201 7.01 of the option applicable to this Section 12027.02, the Company shall shall, subject to the satisfaction of the conditions set forth in Section 7.04, be deemed to have been released and discharged from its obligations with respect to all Outstanding Notes and the Defeased Notes related Subsidiary Guarantees on the date the relevant conditions set forth in Section 1204 below are satisfied (hereinafter, “Defeasance”). For this purpose, such Defeasance means that the Company Company, a Guarantor, if applicable, and any other obligor under the Indenture shall be deemed to have paid and discharged the entire Indebtedness represented by the Defeased NotesOutstanding Notes being defeased, which shall thereafter be deemed to be “Outstanding” only for the purposes of Section 1205 7.05 and the other Sections of this the Indenture referred to in clauses (a) and (b) below, and the Company and each of the Subsidiary Guarantors shall be deemed to have satisfied all its other obligations under such Notes and this the Indenture insofar as such Notes are concerned (and the Trustee, on written demand of and at the expense of the Company, shall execute proper instruments acknowledging the same), except for the following, following provisions which shall survive until otherwise terminated or discharged hereunder: (a) the rights of Holders of Defeased such Outstanding Notes to receive, solely from the trust fund described in Section 1204 7.04, and as more fully set forth in such SectionSection 7.04, payments in respect of the principal of and of, premium, if any, and interest on such Notes when such payments are due, (b) the Company’s obligations with respect to such Defeased Notes under Sections 304, 305, 306, 402 Article II of the Supplemental Indenture and 403Article III and Section 6.02 of the Base Indenture, (c) the rights, powers, trusts, duties and immunities of the Trustee hereunder, including hereunder and the TrusteeCompany’s rights under Section 707, obligations in connection therewith and (d) this Article XII. If the Company exercises its option under this Section 1202, payment of the Notes may not be accelerated because of an Event of Default with respect theretoVII. Subject to compliance with this Article XIIVII, the Company may, at its option and at any time, may exercise its option under this Section 1202 7.02 notwithstanding the prior exercise of its option under Section 1203 with respect to the Notes7.03.

Appears in 2 contracts

Samples: Supplemental Indenture (Autonation, Inc.), Supplemental Indenture (Autonation, Inc.)

Defeasance and Discharge. Upon the Company’s Issuers’ exercise under Section 1201 8.1 of the option applicable to this Section 12028.2, the Company shall Issuers shall, subject to the satisfaction of the conditions set forth in Section 8.4, be deemed to have been released and discharged from its obligations with respect to the Defeased all outstanding Notes on the date the relevant conditions set forth in Section 1204 below are satisfied (hereinafter, “Defeasancedefeasance”). For this purpose, such Defeasance defeasance means that the Company Issuers shall be deemed to have paid and discharged the entire Indebtedness Debt represented by the Defeased outstanding Notes, which shall thereafter be deemed to be “Outstandingoutstanding” only for the purposes of Section 1205 8.5 and the other Sections of this Indenture referred to in clauses (a) and (b) below, and the Company and each of the Subsidiary Guarantors shall be deemed to have satisfied all of their other obligations under such Notes and this Indenture insofar as such Notes are concerned (and the Trustee, on demand of and at the expense of the CompanyIssuers, shall execute proper instruments acknowledging the same), except for the following, following provisions which shall survive until otherwise terminated or discharged hereunder: (a) the rights of Holders of Defeased outstanding Notes to receive, solely from the trust fund described in Section 1204 and as more fully set forth in such Section, receive payments in respect of the principal of and of, premium, if any, and interest interest, if any, on such Notes when such payments are due, due from the trust referred to in Section 8.4(l); (b) the Company’s Issuers’ obligations with respect to such Defeased Notes under Sections 3042.2, 3052.3, 3062.4, 402 2.5, 2.6, 2.7, 2.10 and 403, 4.2; (c) the rights, powers, trusts, duties benefits and immunities of the Trustee hereunderTrustee, including the Trustee’s rights without limitation thereunder, under Section 7077.7, 8.5 and 8.7 and the Issuers’ obligations in connection therewith; (d) the Company’s rights pursuant to Section 3.7; and (e) the provisions of this Article XII. If the Company exercises its option under this Section 1202, payment of the Notes may not be accelerated because of an Event of Default with respect theretoVIII. Subject to compliance with this Article XIIVIII, the Company may, at its option and at any time, Issuers may exercise its their option under this Section 1202 8.2 notwithstanding the prior exercise of its option under Section 1203 with respect to 8.3. The Issuers and the Notes.Guarantors may terminate the obligations under this Indenture when:

Appears in 2 contracts

Samples: Ryerson Holding Corp, Ryerson International Material Management Services, Inc.

Defeasance and Discharge. Upon the Company’s 's exercise under Section 1201 of the above option applicable to this Section 1202Section, the Company shall be deemed to have been released and discharged from its obligations with respect to the Defeased Notes Outstanding Securities of such series on and after the date the relevant conditions precedent set forth in Section 1204 below are satisfied (hereinafter, “Defeasance”"DEFEASANCE"). For this purpose, such Defeasance defeasance means that the Company shall be deemed to have paid and discharged the entire Indebtedness indebtedness represented by the Defeased Notes, which shall thereafter be deemed to be “Outstanding” only for the purposes Outstanding Securities of Section 1205 such series and the other Sections of this Indenture referred to in clauses (a) and (b) below, and the Company and each of the Subsidiary Guarantors shall be deemed to have satisfied all its other obligations under such Notes Securities and this Indenture insofar as such Notes Securities are concerned (and the Trustee, at the expense of the Company, shall execute proper instruments acknowledging the same), except for the following, following which shall survive until otherwise terminated or discharged hereunder: (aA) the rights of Holders of Defeased Notes Outstanding Securities of such series to receive, solely from the trust fund described in Section 1204 and 1404 as more fully set forth in such Section, payments in respect of the principal of (and premium, if any, ) and interest on such Notes Securities when such payments are due, (bB) the Company’s 's obligations with respect to such Defeased Notes Securities under Sections 304, 305, 306, 402 1002 and 4031003 and such obligations as shall be ancillary thereto, (cC) the rights, powers, trusts, duties duties, immunities and immunities other provisions in respect of the Trustee hereunder, including the Trustee’s rights under Section 707, hereunder and (dD) this Article XIIFourteen. If Subject to compliance with this Article Fourteen, the Company exercises may exercise its option under this Section 12021402 notwithstanding the prior exercise of its option under Section 1403 with respect to the Securities of such series. Following a defeasance, payment of the Notes Securities of such series may not be accelerated because of an Event of Default with respect theretoDefault. Subject to compliance with this Article XII, the Company may, at its option and at any time, exercise its option under this Section 1202 notwithstanding the prior exercise of its option under Section 1203 with respect to the Notes.-63-

Appears in 2 contracts

Samples: Platinum Underwriters Holdings LTD, Platinum Underwriters Holdings LTD

Defeasance and Discharge. Upon the Company’s 's exercise under Section 1201 1401 of the option applicable to this Section 12021402, the Company and the Guarantors shall be deemed to have been released and discharged from its their obligations with respect to the Defeased Outstanding Notes and the Guarantees, respectively, on the date the relevant conditions set forth in Section 1204 below 1404 are satisfied (hereinafter, “Defeasance”"defeasance"). For this purpose, such Defeasance defeasance means that the Company and the Guarantors shall be deemed to have paid and discharged the entire Indebtedness indebtedness represented by the Defeased Outstanding Notes, which shall thereafter be deemed to be "Outstanding" only for the purposes of Section 1205 1405 and the other Sections of this Indenture referred to in clauses (aA) and (bB) below, and the Company and each of the Subsidiary Guarantors shall be deemed to have satisfied all its other obligations under such the Notes and this Indenture insofar as such the Notes are concerned (and the Trustee, at the expense of the Company, shall execute proper instruments acknowledging the same), except for the following, following which shall survive until otherwise terminated or discharged hereunder: (aA) the rights of Holders of Defeased such Outstanding Notes to receive, solely from the trust fund described in Section 1204 1404 and as more fully set forth in such Section, payments in respect of the principal of (and premium, if any, ) and interest on such Notes when such payments are due, (bB) the Company’s 's obligations with respect to such Defeased Notes under Sections 304, 305, 306, 402 1002 and 4031003, (cC) the rights, powers, trusts, duties and immunities of the Trustee hereunder, including the Trustee’s rights under Section 707, hereunder and (dD) this Article XII. If the Company exercises its option under this Section 1202, payment of the Notes may not be accelerated because of an Event of Default with respect theretoFourteen. Subject to compliance with this Article XIIFourteen, the Company may, at its option and at any time, may exercise its option under this Section 1202 1402 notwithstanding the prior exercise of its option under Section 1203 1403 with respect to the such Notes.

Appears in 2 contracts

Samples: Nine West Group Inc /De, Nine West Group Inc /De

Defeasance and Discharge. Upon the Company’s 's exercise under Section 1201 4.01 hereof of the option applicable to this Section 12024.02, the Company shall be deemed to have been released and discharged from its their obligations with respect to the Defeased Notes on the date the relevant conditions set forth in Section 1204 below are satisfied (hereinafter, “Defeasance”"defeasance"). For this purpose, such Defeasance defeasance means that the Company shall be deemed to have paid and discharged the entire Indebtedness indebtedness represented by the Defeased Notes, which shall thereafter be deemed to be "Outstanding" only for the purposes of Section 1205 4.05 and the other Sections of this Indenture referred to in clauses (a) and (b) below, and the Company and each of the Subsidiary Guarantors shall be deemed to have satisfied all its other obligations under such Notes and this Indenture insofar as such Notes are concerned (and the Trustee, at the expense of the Company, and, upon Company Request, shall execute proper instruments acknowledging the same), except for the following, which shall survive until otherwise terminated or discharged hereunder: (a) the rights of Holders of Defeased Notes to receive, solely from the trust fund described in Section 1204 4.04 hereof and as more fully set forth in such Section, payments in respect of the principal of and of, premium, if any, and interest on such Notes when such payments are due, (b) the Company’s 's obligations with respect to such Defeased Notes under Sections 3043.04, 3053.05, 3063.06, 402 10.02 and 40310.03 hereof, (c) the rights, powers, trusts, duties and immunities of the Trustee hereunder, including including, without limitation, the Trustee’s 's rights under Section 7076.07 hereof, and (d) this Article XII. If the Company exercises its option under this Section 1202, payment of the Notes may not be accelerated because of an Event of Default with respect theretoFour. Subject to compliance with this Article XIIFour, the Company may, at its option and at any time, may exercise its option under this Section 1202 4.02 notwithstanding the prior exercise of its option under Section 1203 4.03 hereof with respect to the Notes.

Appears in 2 contracts

Samples: Verio Inc, Verio Inc

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Defeasance and Discharge. Upon the Company’s exercise under Section 1201 of the its option applicable to have this Section 1202applied to the Notes, the Company shall be deemed to have been released and discharged from its obligations with respect to the Defeased such Notes as provided in this Section on and after the date the relevant conditions set forth in Section 1204 below 1404 are satisfied (hereinafter, hereinafter called “Defeasance”). For this purpose, such Defeasance means that the Company shall be deemed to have paid and discharged the entire Indebtedness indebtedness represented by the Defeased Notes, which shall thereafter be deemed to be “Outstanding” only for the purposes of Section 1205 such Notes and the other Sections of this Indenture referred to in clauses (a) and (b) below, and the Company and each of the Subsidiary Guarantors shall be deemed to have satisfied all its other obligations under such Notes and this the Indenture insofar as such the Notes are concerned (and the Trustee, at the expense of the Company, shall execute proper instruments acknowledging the same), except for subject to the following, which shall survive until otherwise terminated or discharged hereunder: (a1) the rights of Holders of Defeased such Notes to receive, solely from the trust fund described in Section 1204 1404 and as more fully set forth in such Section, payments in respect of the principal of and premium, if any, any premium and interest on such Notes when such payments are due, ; (b2) the Company’s obligations with respect to such Defeased Notes under Sections 304404, 305405, 306406, 402 1102 and 403, 1103 and its obligations under Section 314(a) of the Trust Indenture Act; (c3) the rights, powers, trusts, duties and immunities of the Trustee hereunder, including hereunder and the TrusteeCompany’s rights under Section 707, and the Subsidiary Guarantors’ obligations in connection therewith; and (d4) this Article XIIArticle. If the Company exercises its defeasance option under pursuant to this Section 12021402, the Subsidiary Guarantees will terminate with respect to the Notes, and payment of the Notes may not be accelerated pursuant to Section 602 because of an Event of Default with respect theretoDefault. Subject to compliance with this Article XIIArticle, the Company may, at its option and at any time, may exercise its option under to have this Section 1202 applied to any Notes notwithstanding the prior exercise of its option under to have Section 1203 with respect 1403 applied to the such Notes.

Appears in 2 contracts

Samples: Supplemental Indenture (Approach Resources Inc), Supplemental Indenture (Oasis Petroleum Inc.)

Defeasance and Discharge. Upon the Company’s exercise under Section 1201 of the option applicable to this Section 1202, the Company shall be deemed to have been released and discharged from its obligations with respect to the Defeased Notes on the date the relevant conditions set forth in Section 1204 below are satisfied (hereinafter, “Defeasance”). For this purpose, such Defeasance means that the Company shall be deemed to have paid and discharged the entire Indebtedness indebtedness represented by the Defeased Notes, which shall thereafter be deemed to be “Outstanding” only for the purposes of Section 1205 and the other Sections of this Indenture referred to in clauses (a) and (b) below, and the Company and each of the Subsidiary Note Guarantors shall be deemed to have satisfied all other obligations under such Notes and this Indenture insofar as such Notes are concerned (and the Trustee, at the expense of the Company, shall execute proper instruments acknowledging the same), except for the following, which shall survive until otherwise terminated or discharged hereunder: (a) the rights of Holders of Defeased Notes to receive, solely from the trust fund described in Section 1204 and as more fully set forth in such Section, payments in respect of the principal of and premium, if any, and interest on such Notes when such payments are due, (b) the Company’s obligations with respect to such Defeased Notes under Sections 304, 305, 306, 402 402, and 403, 403 (c) the rights, powers, trusts, duties and immunities of the Trustee hereunder, including the Trustee’s rights under Section 707, and (d) this Article XII12. If the Company exercises its option under this Section 1202, payment of the Notes may not be accelerated because of an Event of Default with respect thereto. Subject to compliance with this Article XII12, the Company may, at its option and at any time, exercise its option under this Section 1202 notwithstanding the prior exercise of its option under Section 1203 with respect to the Notes.

Appears in 2 contracts

Samples: Indenture (Graphic Packaging Corp), Indenture (Graphic Packaging Corp)

Defeasance and Discharge. Upon the Company’s exercise under Section 1201 of the option applicable to this Section 12024.3 with respect to the Notes, the Company shall be deemed to have been released and discharged from its obligations with respect to the Defeased Notes on the date the relevant conditions set forth in Section 1204 below 4.5 of this First Supplemental Indenture are satisfied (hereinafter, “Defeasancedefeasance”). For this purpose, such Defeasance defeasance means that the Company shall be deemed to have paid and discharged the entire Indebtedness indebtedness represented by the Defeased Notes, which shall thereafter be deemed to be “Outstanding” only for the purposes of Section 1205 4.6 of this First Supplemental Indenture and the other Sections of the Base Indenture and this First Supplemental Indenture referred to in clauses (ai) and (bii) below, and the Company and each of the Subsidiary Guarantors shall be deemed to have satisfied all its other obligations under such the Notes and this the Indenture insofar as such the Notes are concerned (and the Trustee, at the expense of the Company, shall execute proper instruments acknowledging the same), except for the following, following which shall survive until otherwise terminated or discharged hereunder: (ai) the rights of Holders of Defeased the Outstanding Notes to receive, solely from the trust fund described in Section 1204 4.5 of this First Supplemental Indenture and as more fully set forth in such SectionSection 4.5, payments in respect of the principal of (and premium, if any, ) and interest on such Notes when such payments are due, (bii) the Company’s obligations with respect to such Defeased the Notes under Sections 304, 305, 306, 402 305 and 403306 and Article Ten of the Base Indenture and Article 5 of this First Supplemental Indenture and such obligations as shall be ancillary thereto, (ciii) the rights, powers, trusts, duties and immunities of the Trustee hereunderunder the Indenture including, including without limitation, Section 607 of the Trustee’s rights under Base Indenture and the penultimate paragraph of Section 707, 4.6 of this First Supplemental Indenture and (div) this Article XII. If the Company exercises its option under this Section 1202, payment of the Notes may not be accelerated because of an Event of Default with respect thereto4. Subject to compliance with this Article XII4, the Company may, at its option and at any time, may exercise its option under this Section 1202 4.3 notwithstanding the prior exercise of its option under Section 1203 4.4 of this First Supplemental Indenture with respect to the Notes.

Appears in 2 contracts

Samples: First Supplemental Indenture (iMedia Brands, Inc.), First Supplemental Indenture (iMedia Brands, Inc.)

Defeasance and Discharge. Upon the Company’s 's exercise under Section 1201 12.01 of the option applicable to this Section 120212.02, the Company and the Guarantors shall be deemed to have been released and discharged from its their obligations with respect to the Defeased Notes all Outstanding Securities on the date the relevant conditions set forth in Section 1204 below 12.04 are satisfied (hereinafter, “Defeasance”"defeasance"). For this purpose, such Defeasance defeasance means that the Company shall be deemed to have paid and discharged the entire Indebtedness indebtedness represented by the Defeased NotesOutstanding Securities, which shall thereafter be deemed to be "Outstanding" only for the purposes of Section 1205 12.05 and the other Sections of this Indenture referred to in clauses (aA) and (bB) below, and the Company and each of the Subsidiary Guarantors shall be deemed to have satisfied all its other obligations under such Notes Securities and this Indenture insofar as such Notes Securities are concerned (and the Trustee, at the expense of the Company, shall execute proper instruments acknowledging the same), except for the following, following which shall survive until otherwise terminated or discharged hereunder: (aA) the rights of Holders of Defeased Notes Outstanding Securities to receive, solely from the trust fund described in Section 1204 and as more fully set forth in such Section, receive payments in respect of the principal of and premium, if any, and interest on such Notes Securities when such payments are due, (bB) the Company’s 's obligations with respect to such Defeased Notes Securities under Sections 3043.04, 3053.05, 306, 402 3.08 and 40310.03, (cC) the rights, powers, trusts, duties and immunities of the Trustee hereunder, including the Trustee’s rights Company's obligation to pay the amounts under Section 7076.07, and (dD) this Article XII. If XII and (E) the Company exercises its option Company's obligation to pay Additional Amounts under this Section 1202, payment of the Notes may not be accelerated because of an Event of Default with respect thereto10.04. Subject to compliance with this Article XII, the Company may, at its option and at any time, may exercise its option under this Section 1202 12.02 notwithstanding the prior exercise of its option under Section 1203 12.03 with respect to the NotesSecurities.

Appears in 2 contracts

Samples: Indenture (Amvescap PLC/London/), Indenture (Amvescap PLC/London/)

Defeasance and Discharge. Upon the Company’s exercise under Section 1201 of the option applicable to this Section 1202, the Company shall be deemed to have been released and discharged from its obligations with respect to the Defeased Notes on the date the relevant conditions set forth in Section 1204 below are satisfied (hereinafter, “Defeasance”). For this purpose, such Defeasance means that the Company shall be deemed to have paid and discharged the entire Indebtedness represented by the Defeased Notes, which shall thereafter be deemed to be “Outstanding” only for the purposes of Section 1205 and the other Sections of this Indenture referred to in clauses (a) and (b) below, and the Company Company, and each of the Subsidiary Guarantors shall be deemed to have satisfied all other obligations under such Notes and this Indenture insofar as such Notes are concerned (and the Trustee, at the expense of the Company, shall execute proper instruments acknowledging the same), except for the following, which shall survive until otherwise terminated or discharged hereunder: (a) the rights of Holders of Defeased Notes to receive, solely from the trust fund described in Section 1204 and as more fully set forth in such Section, payments in respect of the principal of and premium, if any, and interest on such Notes when such payments are due, (b) the Company’s obligations with respect to such Defeased Notes under Sections 304, 305, 306, 402 402, and 403, (c) the rights, powers, trusts, duties and immunities of the Trustee hereunder, including the Trustee’s rights (and Company’s obligations) under Section 707, and (d) this Article XII. If the Company exercises its option under this Section 1202, payment of the Notes may not be accelerated because of an Event of Default with respect thereto. Subject to compliance with this Article XII, the Company may, at its option and at any time, exercise its option under this Section 1202 notwithstanding the prior exercise of its option under Section 1203 with respect to the Notes.

Appears in 2 contracts

Samples: Indenture (Nci Building Systems Inc), Indenture (Envision Healthcare Corp)

Defeasance and Discharge. Upon the Company’s 's exercise under Section 1201 4.01 hereof of the option applicable to the Defeased Notes pursuant to this Section 12024.02, the Company shall be deemed to have been released and discharged from its obligations with respect to the Defeased Notes on the date the relevant conditions set forth in Section 1204 below are satisfied (hereinafter, “Defeasance”"defeasance"). For this purpose, such Defeasance defeasance means that the Company shall be deemed to have paid and discharged the entire Indebtedness indebtedness represented by the Defeased Notes, which shall thereafter be deemed to be "Outstanding" only for the purposes of Section 1205 4.05 and the other Sections of this Indenture referred to in clauses (a) and (b) below, and the Company and each of the Subsidiary Guarantors shall be deemed to have satisfied all its other obligations under such Notes and this Indenture insofar as such Notes are concerned (and the Trustee, at the expense of the CompanyCompany and upon Company Request, shall execute proper instruments acknowledging the same), except for the following, which shall survive until otherwise terminated or discharged hereunder: (a) the rights of Holders of Defeased Notes to receive, solely from the trust fund described in Section 1204 4.04 hereof and as more fully set forth in such Section, payments in respect of the principal of and of, premium, if any, and interest on such Notes when such payments are due, (b) the Company’s 's obligations with respect to such Defeased Notes under Sections 3043.04, 3053.05, 3063.06, 402 10.02 and 40310.03 hereof, (c) the rights, powers, trusts, duties and immunities of the Trustee hereunder, including including, without limitation, the Trustee’s 's rights under Section 7076.07 hereof, and (d) this Article XII. If the Company exercises its option under this Section 1202, payment of the Notes may not be accelerated because of an Event of Default with respect theretoFour. Subject to compliance with this Article XIIFour, the Company may, at its option and at any time, may exercise its option under applicable to this Section 1202 4.02 notwithstanding the prior exercise of its option under applicable to Section 1203 4.03 hereof with respect to the Notes.

Appears in 2 contracts

Samples: Indenture (Rhythms Net Connections Inc), Rhythms Net Connections Inc

Defeasance and Discharge. Upon the Company’s exercise under Section 1201 of the option applicable to this Section 1202, the Company each Issuer shall be deemed to have been released and discharged from its obligations with respect to the Defeased Notes on the date the relevant conditions set forth in Section 1204 below are satisfied (hereinafter, “Defeasance”). For this purpose, such Defeasance means that the Company Issuers shall be deemed to have paid and discharged the entire Indebtedness represented by the Defeased Notes, which shall thereafter be deemed to be “Outstanding” only for the purposes of Section 1205 and the other Sections of this Indenture referred to in clauses (a) and (b) below, and the Company Issuers and each of the Subsidiary Guarantors shall be deemed to have satisfied all other obligations under such Notes and this Indenture insofar as such Notes are concerned (and the Trustee, at the expense of the Company, shall execute proper instruments acknowledging the same), except for the following, which shall survive until otherwise terminated or discharged hereunder: (a) the rights of Holders of Defeased Notes to receive, solely from the trust fund described in Section 1204 and as more fully set forth in such Section, payments in respect of the principal of and premium, if any, and interest on such Notes when such payments are due, (b) the Company’s obligations with respect to such Defeased Notes under Sections 304, 305, 306, 402 402, and 403, (c) the rights, powers, trusts, duties and immunities of the Trustee hereunder, including the Trustee’s rights under Section 707, and (d) this Article XII. If the Company exercises its option under this Section 1202, payment of the Notes may not be accelerated because of an Event of Default with respect thereto. Subject to compliance with this Article XII, the Company may, at its option and at any time, exercise its option under this Section 1202 notwithstanding the prior exercise of its option under Section 1203 with respect to the Notes.

Appears in 2 contracts

Samples: Indenture (New Sally Holdings, Inc.), Sally Beauty Holdings, Inc.

Defeasance and Discharge. Upon the Company’s Issuer's or the Partnership's exercise under Section 1201 4.1 of the option applicable to this Section 12024.2, each of the Issuer, the Company Partnership and any other obligor under the Senior Notes shall be deemed to have been released and discharged from its obligations with respect to the Defeased Senior Notes on the date the relevant conditions set forth in Section 1204 below are satisfied (hereinafter, “Defeasance”"defeasance"). For this purpose, such Defeasance defeasance means that the Company Issuer and the Partnership shall be deemed to have paid and discharged the entire Indebtedness indebtedness represented by the Defeased Senior Notes, which shall thereafter be deemed to be "Outstanding" only for the purposes of Section 1205 4.5 and the other Sections of this Indenture referred to in clauses (a) and (b) below, and the Company and each of the Subsidiary Guarantors shall be deemed to have satisfied all their other obligations under such Senior Notes and this Indenture insofar as such Senior Notes are concerned (and the Trustee, at the expense of the CompanyIssuer, and, upon written request of the Issuer, shall execute proper instruments acknowledging the same), except for the following, following which shall survive until otherwise terminated or discharged hereunder: (a) the rights of Holders of Defeased Senior Notes to receive, receive solely from the trust fund described in Section 1204 4.4 and as more fully set forth in such Section, payments in respect of the principal of and of, premium, if any, and interest on such Senior Notes when such payments are due, (b) the Company’s Issuer's obligations with respect to such Defeased Senior Notes under Sections 3043.4, 3053.5, 3063.6, 402 10.2 and 40310.3, (c) the rights, powers, trusts, duties duties, indemnities and immunities of the Trustee hereunder, including the Trustee’s rights under Section 707, hereunder and (d) this Article XII. If the Company exercises its option under this Section 1202, payment of the Notes may not be accelerated because of an Event of Default with respect theretoFour. Subject to compliance with this Article XIIFour, the Company may, at its option Issuer and at any time, the Partnership may exercise its their option under this Section 1202 4.2 notwithstanding the prior exercise of its their option under Section 1203 4.3 with respect to the Senior Notes.

Appears in 2 contracts

Samples: Trumps Castle Associates Lp, Trumps Castle Associates Lp

Defeasance and Discharge. Upon the CompanyIssuer’s exercise under Section 1201 of the above option applicable to this Section 1202with respect to any Notes of or within a Series, the Company Issuer shall be deemed to have been released and discharged from its obligations with respect to the Defeased such Outstanding Notes on the date the relevant conditions set forth in Section 1204 below 13.4 are satisfied (hereinafter, “Defeasancedefeasance”). For this purpose, such Defeasance defeasance means that the Company Issuer shall be deemed to have paid and discharged the entire Indebtedness indebtedness represented by the Defeased such Outstanding Notes, which shall thereafter be deemed to be “Outstanding” only for the purposes of Section 1205 13.5 and the other Sections of this Indenture referred to in clauses (aA) and (bB) below, and the Company and each of the Subsidiary Guarantors shall be deemed to have satisfied all its other obligations under such Notes and this Indenture insofar as such Notes are concerned (and the Trustee, at the expense of the CompanyIssuer, shall execute proper instruments acknowledging the same), except for the following, following which shall survive until otherwise terminated or discharged hereunder: (aA) the rights of Holders of Defeased such Outstanding Notes to receive, solely from the trust fund described in Section 1204 13.4 and as more fully set forth in such Section, payments in respect of the principal of (and premium, if any) and interest, and interest if any, on such Notes and when such payments are due, (bB) the CompanyIssuer’s obligations with respect to such Defeased Notes under Sections 3043.4, 3053.5, 3063.7, 402 9.2 and 4039.3 and with respect to the payment of Additional Amounts, if any, on such Notes, (cC) the rights, powers, trusts, duties and immunities of the Trustee hereunder, including the Trustee’s rights under Section 707, hereunder and (dD) this Article XII. If the Company exercises its option under this Section 1202, payment of the Notes may not be accelerated because of an Event of Default with respect thereto13. Subject to compliance with this Article XII13, the Company may, at its option and at any time, Issuer may exercise its option under this Section 1202 13.2 notwithstanding the prior exercise of its option under Section 1203 13.3 with respect to the such Notes.

Appears in 2 contracts

Samples: Brookfield Renewable (Brookfield Renewable Partners L.P.), Brookfield Property Partners L.P.

Defeasance and Discharge. Upon the CompanyIssuer’s exercise under Section 1201 8.01 of the option applicable to this Section 12028.02, the Company Issuer shall be deemed to have been released and discharged from its obligations with respect to the Defeased Notes on the date the relevant conditions set forth in Section 1204 below 8.04 are satisfied (hereinafter, “Defeasancelegal defeasance”). For this purpose, such Defeasance legal defeasance means that the Company Issuer shall be deemed to have paid and discharged the entire Indebtedness indebtedness represented by the Defeased Notes, which shall thereafter be deemed to be “Outstanding” only for the purposes of Section 1205 Notes and the other Sections of this Indenture referred to in clauses (a) and (b) below, and the Company and each of the Subsidiary Guarantors shall be deemed to have satisfied all its other obligations under such the Notes and this Indenture insofar as such Notes are concerned (and the Trustee, at the expense of the CompanyIssuer, shall execute proper instruments acknowledging the same), except for the following, following provisions which shall survive until otherwise terminated or discharged hereunder: (a) the rights of Holders of Defeased Notes to receive, solely from the trust fund described in Section 1204 8.08 and as more fully set forth in such Section, payments in respect of the principal of (and premium, if any, on) and interest on such Notes when such payments are due, (b) the Company’s obligations with respect to such Defeased Notes under Sections 304, 305, 306, 402 provisions set forth at Section 8.06 below and 403, (c) the rights, powers, trusts, duties and immunities of the Trustee hereunder, including the Trustee’s rights under Section 707, and (d) . Subject to compliance with this Article XII. If Eight, the Company exercises Issuer may exercise its option under this Section 12028.02 notwithstanding the prior exercise of its option under Section 8.03 below with respect to the Notes. If the Issuer exercises its legal defeasance option, payment of the Notes may not be accelerated because of an Event of Default with respect thereto. Subject to compliance with this Article XII, the Company may, at its option and at any time, exercise its option under this (other than an Event of Default described in Section 1202 notwithstanding the prior exercise of its option under 6.01(1)(a) or Section 1203 with respect to the Notes6.01(1)(b)).

Appears in 2 contracts

Samples: Indenture (InterXion Holding N.V.), Indenture (InterXion Holding N.V.)

Defeasance and Discharge. Upon the Company’s exercise under Section 1201 12.01 of the option applicable to this Section 120212.02, the Company and the Guarantors shall be deemed to have been released and discharged from its their obligations with respect to the Defeased Notes all Outstanding Securities on the date the relevant conditions set forth in Section 1204 below 12.04 are satisfied (hereinafter, “Defeasancedefeasance”). For this purpose, such Defeasance defeasance means that the Company shall be deemed to have paid and discharged the entire Indebtedness indebtedness represented by the Defeased NotesOutstanding Securities, which shall thereafter be deemed to be “Outstanding” only for the purposes of Section 1205 12.05 and the other Sections of this Indenture referred to in clauses (aA) and (bB) below, and the Company and each of the Subsidiary Guarantors shall be deemed to have satisfied all its other obligations under such Notes Securities and this Indenture insofar as such Notes Securities are concerned (and the Trustee, at the expense of the Company, shall execute proper instruments acknowledging the same), except for the following, following which shall survive until otherwise terminated or discharged hereunder: (aA) the rights of Holders of Defeased Notes Outstanding Securities to receive, solely from the trust fund described in Section 1204 and as more fully set forth in such Section, receive payments in respect of the principal of and premium, if any, and interest on such Notes Securities when such payments are due, (bB) the Company’s obligations with respect to such Defeased Notes Securities under Sections 3043.04, 3053.05, 306, 402 3.08 and 40310.03, (cC) the rights, powers, trusts, duties and immunities of the Trustee hereunder, including the TrusteeCompany’s rights obligation to pay the amounts under Section 7076.07, and (dD) this Article XII. If XII and (E) the Company exercises its option Company’s obligation to pay Additional Amounts under this Section 1202, payment of the Notes may not be accelerated because of an Event of Default with respect thereto10.04. Subject to compliance with this Article XII, the Company may, at its option and at any time, may exercise its option under this Section 1202 12.02 notwithstanding the prior exercise of its option under Section 1203 12.03 with respect to the NotesSecurities.

Appears in 2 contracts

Samples: Indenture (A I M Management Group Inc /De/), Indenture (A I M Management Group Inc /De/)

Defeasance and Discharge. Upon the Company’s exercise under Section 1201 of the option applicable to this Section 1202, the Company shall be deemed to have been released and discharged from its obligations with respect to the Defeased Notes and the Subsidiary Guarantors shall be deemed to have been released and discharged from their obligations with respect to the Subsidiary Guarantees, on the date the relevant conditions set forth in Section 1204 below are satisfied (hereinafter, “Defeasance”). For this purpose, such Defeasance means that the Company shall be deemed to have paid and discharged the entire Indebtedness represented by the Defeased Notes, which shall thereafter be deemed to be “Outstanding” only for the purposes of Section 1205 and the other Sections of this Indenture referred to in clauses (a) and (b) below, and the Company and each of the Subsidiary Guarantors shall be deemed to have satisfied all other obligations under such the Defeased Notes and this Indenture insofar as such the Defeased Notes are concerned (and the Trustee, at the expense of the Company, shall execute proper such instruments reasonably requested by the Company acknowledging the same), except for the following, which shall survive until otherwise terminated or discharged hereunder: (a) the rights of Holders of Defeased Notes to receive, solely from the trust fund described in Section 1204 and as more fully set forth in such Section, payments in respect of the principal of and premium, if any, and interest on such the Defeased Notes when such payments are due, (b) the Company’s obligations with respect to such Defeased Notes under Sections 304, 305, 306, 402 and 403, (c) the rights, powers, trusts, duties and immunities of the Trustee hereunder, including the Trustee’s rights under Section 707, and (d) this Article XII. If the Company exercises its option under this Section 1202, payment of the Defeased Notes may not be accelerated because of an Event of Default with respect thereto. Subject to compliance with this Article XII, the Company may, at its option and at any time, exercise its option under this Section 1202 notwithstanding the prior exercise of its option under Section 1203 with respect to the Defeased Notes.

Appears in 2 contracts

Samples: Hertz Corp, Hertz Corp

Defeasance and Discharge. Upon the Company’s exercise under Section 1201 of the option applicable to this Section 1202, the Company shall be deemed to have been released and discharged from its obligations with respect to the Defeased Notes and the Subsidiary Guarantors shall be deemed to have been released and discharged from their obligations with respect to the Subsidiary Guarantees on the date the relevant conditions set forth in Section 1204 below are satisfied (hereinafter, “Defeasance”). For this purpose, such Defeasance means that the Company shall be deemed to have paid and discharged the entire Indebtedness represented by the Defeased Notes, which shall thereafter be deemed to be “Outstanding” only for the purposes of Section 1205 and the other Sections of this Indenture referred to in clauses (a) and (b) below, and the Company Company, and each of the Subsidiary Guarantors shall be deemed to have satisfied all other obligations under such Notes Notes, Subsidiary Guarantees and this Indenture insofar as such Notes are concerned (and the Trustee, at the expense of the Company, shall execute proper instruments acknowledging the same), except for the following, which shall survive until otherwise terminated or discharged hereunder: (a) the rights of Holders of Defeased Notes to receive, solely from the trust fund described in Section 1204 and as more fully set forth in such Section, payments in respect of the principal of and premium, if any, and interest on such Notes when such payments are due, (b) the Company’s obligations with respect to such Defeased Notes under Sections 304, 305, 306, 402 402, and 403, (c) the rights, powers, trusts, duties and immunities of the Trustee hereunder, including the Trustee’s rights (and the Company’s obligations) under Section 707, and (d) this Article XII. If the Company exercises its option under this Section 1202, payment of the Notes may not be accelerated because of an Event of Default with respect thereto. Subject to compliance with this Article XII, the Company may, at its option and at any time, exercise its option under this Section 1202 notwithstanding the prior exercise of its option under Section 1203 with respect to the Notes.. 109

Appears in 2 contracts

Samples: Indenture (Victoria's Secret & Co.), Indenture (Victoria's Secret & Co.)

Defeasance and Discharge. Upon the Company’s exercise under Section 1201 401 of the option applicable to this Section 1202402, the Company shall be deemed to have been released and discharged from its obligations with respect to the Defeased Notes all Outstanding Securities on the date the relevant conditions set forth in Section 1204 below are satisfied (hereinafter, “Defeasancedefeasance”). For this purpose, such Defeasance defeasance means that the Company shall be deemed to have paid and discharged the entire Indebtedness indebtedness represented by the Defeased NotesOutstanding Securities, which shall thereafter be deemed to be “Outstanding” only for the purposes of Section 1205 405 and the other Sections of this Indenture referred to in clauses (a) A), (B), and (bC) below, and the Company and each of the Subsidiary Guarantors shall be deemed to have satisfied all its other obligations under such Notes Securities and this Indenture insofar as such Notes Securities are concerned (and the Trustee, upon Company Request and at the expense of the Company, shall execute proper instruments acknowledging the same), except for the following, following which shall survive until otherwise terminated or discharged hereunder: (aA) the rights of Holders of Defeased Notes Outstanding Securities to receive, receive solely from the trust fund described in Section 1204 404 and as more fully set forth in such Section, payments in respect of the principal of (and premium, if any, ) and interest on such Notes Securities when such payments are due, (bB) the Company’s obligations with respect to such Defeased Notes Securities under Sections 304, 305, 306, 402 1002, 1003, 1010 (for purposes of applying Section 1010, if the Trustee (or any other qualifying trustee referred to in Section 404(1)) is required by law or by the interpretation or administration thereof to withhold or deduct any amount for or on account of Taxes (as defined in Section 1010) from any payment made from the trust fund described in Section 404 under or with respect to the Securities, such payment shall be deemed to have been made by the Company and 403the Company shall be deemed to have been so required to withhold or deduct) and 1013, (cC) the Company’s right of redemption pursuant to Section 1101(b), provided that either (i) the change or amendment referred to therein occurs after defeasance is exercised by the Company in accordance with Section 404 or (ii) the Company is, immediately before the defeasance, entitled to redeem the Securities pursuant to Section 1101(b), in which case the Company may redeem the Securities in accordance with Article Eleven by complying with such Article and depositing with the Trustee, in accordance with Section 1106, an amount of money sufficient, together with all amounts held in trust pursuant to Section 404(1), to pay the Redemption Price of all the Securities to be redeemed, (D) the rights, powers, trusts, duties and immunities of the Trustee hereunderhereunder and the Company’s obligations in connection therewith, including the TrusteeCompany’s rights obligations under Section 707, 607 and (dE) this Article XII. If the Company exercises its option under this Section 1202, payment of the Notes may not be accelerated because of an Event of Default with respect theretoFour. Subject to compliance with this Article XIIFour, the Company may, at its option and at any time, may exercise its option under this Section 1202 402 notwithstanding the prior exercise of its option under Section 1203 403 with respect to the NotesSecurities. SECTION 403. COVENANT DEFEASANCE. 41 Upon the Company’s exercise under Section 401 of the option applicable to this Section 403, the Company shall be released from its obligations under any covenant contained in Articles Eight and Twelve and in Sections 1004 through 1009 with respect to the Outstanding Securities on and after the date the conditions set forth below are satisfied (hereinafter, “covenant defeasance”), and the Securities shall thereafter be deemed to be not “Outstanding” for the purposes of any direction, waiver, consent or declaration or Act of Holders (and the consequences of any thereof) in connection with such covenants, but shall continue to be deemed “Outstanding” for all other purposes hereunder (it being understood that such Securities shall not be deemed Outstanding for financial accounting purposes). For this purpose, such covenant defeasance means that, with respect to the Outstanding Securities, the Company may omit to comply with and shall have no liability in respect of any term, condition or limitation set forth in any such covenant, whether directly or indirectly, by reason of any reference elsewhere herein to any such covenant or by reason of any reference in any such covenant to any other provision herein or in any other document and such omission to comply shall not constitute a Default or an Event of Default under Section 501(c), but, except as specified above, the remainder of this Indenture (including Section 607 hereof) and such Securities shall be unaffected thereby. In addition, upon the Company’s exercise under Section 401 of the option applicable to Section 403, Section 501(c) through (e) and Section 501(i) shall not constitute Events of Default.

Appears in 1 contract

Samples: Indenture (Rogers Communications Inc)

Defeasance and Discharge. Upon the Company’s 's exercise ------------------------ under Section 1201 of the option applicable to this Section 1202, the Company ------------ ------------ shall be deemed to have been released and discharged from its obligations with respect to the Defeased Notes on the date the relevant conditions set forth in Section 1204 below are satisfied (hereinafter, "Defeasance"). For this purpose, ------------ ---------- such Defeasance means that the Company shall be deemed to have paid and discharged the entire Indebtedness indebtedness represented by the Defeased Notes, which shall thereafter be deemed to be "Outstanding" only for the purposes of Section ------- 1205 and the other Sections of this Indenture referred to in clauses (a) and (b) ---- below, and the Company Company, Holding and each of the Subsidiary Note Guarantors shall be deemed to have satisfied all other obligations under such Notes and this Indenture insofar as such Notes are concerned (and the Trustee, at the expense of the Company, shall execute proper instruments acknowledging the same), except for the following, which shall survive until otherwise terminated or discharged hereunder: (a) the rights of Holders of Defeased Notes to receive, solely from - the trust fund described in Section 1204 and as more fully set forth in such ------------ Section, payments in respect of the principal of and premium, if any, and interest on such Notes when such payments are due, (b) the Company’s 's obligations - with respect to such Defeased Notes under Sections 304, 305, 306, 402 and 403, ------------ --- --- --- --- (c) the rights, powers, trusts, duties and immunities of the Trustee hereunder, -- including the Trustee’s 's rights under Section 707, and (d) this Article XII12. If the Company exercises its option under this Section 1202, payment of the Notes may not be accelerated because of an Event of Default with respect thereto. ----------- - ---------- Subject to compliance with this Article XII12, the Company may, at its option and ---------- at any time, exercise its option under this Section 1202 notwithstanding the ------------ prior exercise of its option under Section 1203 with respect to the Notes.. ------------

Appears in 1 contract

Samples: Dynatech Corp

Defeasance and Discharge. Upon the Company’s exercise under Section 1201 of the above option applicable to this Section 1202with respect to the Notes, the Company shall be deemed to have been released and discharged from its obligations with respect to the Defeased such Outstanding Notes on and after the date the relevant conditions set forth in Section 1204 below 14.04 are satisfied (hereinafter, “Defeasancedefeasance”). For this purpose, such Defeasance defeasance means that the Company shall be deemed to have paid and discharged the entire Indebtedness indebtedness represented by the Defeased such Outstanding Notes, which shall thereafter be deemed to be “Outstanding” only for the purposes of Section 1205 14.05 and the other Sections of this Indenture referred to in clauses (aA) and (bB) belowof this Section, and the Company and each of the Subsidiary Guarantors shall be deemed to have satisfied all its other obligations under such the Notes and this Indenture insofar as such Notes are concerned (and the Trustee, at the expense of the Company, shall execute proper instruments acknowledging the same), except for the following, following which shall survive until otherwise terminated or discharged hereunder: (aA) the rights of Holders of Defeased such Outstanding Notes to receive, solely from the trust fund described in Section 1204 14.04 and as more fully set forth in such Section, payments in respect of the principal of (and premium, if any) and interest, and interest if any, on such the Notes when such payments are due, (bB) the Company’s obligations with respect to such Defeased Notes under Sections 3043.05, 3053.06, 306, 402 10.02 and 40310.03, (cC) the rights, powers, trusts, duties and immunities of the Trustee hereunder, including the Trustee’s rights under Section 707, hereunder and (dD) this Article. Subject to compliance with this Article XII. If Fourteen, the Company exercises may exercise its option under this Section 1202notwithstanding the prior exercise of its option under Section 14.03 with respect to such Notes. Following a defeasance, payment of the such Notes may not be accelerated because of an Event of Default with respect thereto. Subject to compliance with this Article XII, the Company may, at its option and at any time, exercise its option under this Section 1202 notwithstanding the prior exercise of its option under Section 1203 with respect to the NotesDefault.

Appears in 1 contract

Samples: Supplemental Indenture (Carlyle Secured Lending, Inc.)

Defeasance and Discharge. Upon the Company’s 's exercise under Section 1201 1401 of the option applicable to this Section 12021402, the Company and the Subsidiary Guarantors shall be deemed to have been released and discharged from its their obligations with respect to the Defeased Outstanding Notes and the Note Guarantees, respectively, on the date the relevant conditions set forth in Section 1204 below 1404 are satisfied (hereinafter, “Defeasance”"defeasance"). For this purpose, such Defeasance defeasance means that the Company and the Subsidiary Guarantors shall be deemed to have paid and discharged the entire Indebtedness represented by the Defeased Outstanding Notes, which shall thereafter be deemed to be "Outstanding" only for the purposes of Section 1205 1405 and the other Sections of this Indenture referred to in clauses (aA) and (bB) below, and the Company and each of the Subsidiary Guarantors shall be deemed to have satisfied all its other obligations under such the Notes and this Indenture insofar as such the Notes are concerned (and the Trustee, at the expense of the Company, shall execute proper instruments acknowledging the same), except for the following, following which shall survive until otherwise terminated or discharged hereunder: (aA) the rights of Holders of Defeased such Outstanding Notes to receive, solely from the trust fund described in Section 1204 1404 and as more fully set forth in such Section, payments in respect of the principal of (and premium, if any, ) and interest on such Notes when such payments are due, (bB) the Company’s 's obligations with respect to such Defeased Notes under Sections 304, 305, 306, 402 1002 and 4031003, (cC) the rights, powers, trusts, duties and immunities of the Trustee hereunder, including and the Trustee’s rights under Section 707, Company's obligations in connection therewith and (dD) this Article XII. If the Company exercises its option under this Section 1202, payment of the Notes may not be accelerated because of an Event of Default with respect theretoFourteen. Subject to compliance with this Article XIIFourteen, the Company may, at its option and at any time, may exercise its option under this Section 1202 1402 notwithstanding the prior exercise of its option under Section 1203 1403 with respect to the such Notes.

Appears in 1 contract

Samples: Registration Rights Agreement (Supreme International Corp)

Defeasance and Discharge. Upon the Company’s exercise under Section 1201 of the option applicable to this Section 1202, the Company shall be deemed to have been released and discharged from its obligations with respect to the Defeased Notes on the date the relevant conditions set forth in Section 1204 below are satisfied (hereinafter, “Defeasance”). For this purpose, such Defeasance means that the Company shall be deemed to have paid and discharged the entire Indebtedness represented by the Defeased Notes, which shall thereafter be deemed to be “Outstanding” only for the purposes of Section 1205 and the other Sections of this Indenture referred to in clauses (a) and (b) below, and the Company and each of the Subsidiary Guarantors shall be deemed to have satisfied all other obligations under such Notes and this Indenture insofar as such Notes are concerned (and the Trustee, at the expense of the Company, shall execute proper instruments acknowledging the same), except for the following, which shall survive until otherwise terminated or discharged hereunder: (a) the rights of Holders of Defeased Notes to receive, solely from the trust fund described in Section 1204 and as more fully set forth in such Section, payments in respect of the principal of and premium, if any, and interest on such Notes when such payments are due, (b) the Company’s obligations with respect to such Defeased Notes under Sections 304, 305, 306, 402 312, 313, 402, and 403, (c) the rights, powers, trusts, duties and immunities of the Trustee hereunder, including the Trustee’s rights under Section 707, and (d) this Article XII. If the Company exercises its option under this Section 1202, payment of the Notes may not be accelerated because of an Event of Default with respect thereto. Subject to compliance with this Article XII, the Company may, at its option and at any time, exercise its option under this Section 1202 notwithstanding the prior exercise of its option under Section 1203 with respect to the Notes.

Appears in 1 contract

Samples: Servicemaster Co

Defeasance and Discharge. Upon the CompanyIssuer’s exercise under Section 1201 8.1 hereof of the option applicable to this Section 12028.2, The Issuer shall, subject to the Company shall satisfaction of the conditions set forth in Section 8.4 hereof, be deemed to have been released and discharged from its obligations with respect to the Defeased all outstanding Notes on the date the relevant conditions set forth in Section 1204 below are satisfied (hereinafter, “Defeasancedefeasance”). For this purpose, such Defeasance defeasance means that the Company Issuer shall be deemed to have paid and discharged the entire Indebtedness Debt represented by the Defeased outstanding Notes, which shall thereafter be deemed to be “Outstandingoutstanding” only for the purposes of Section 1205 8.5 hereof and the other Sections of this Indenture referred to in clauses (a) and (b) below, and the Company and each of the Subsidiary Guarantors shall be deemed to have satisfied all of its other obligations under such Notes and this Indenture insofar as such Notes are concerned (and the Trustee, on demand of and at the expense of the CompanyIssuer, shall execute proper instruments acknowledging the same), except for the following, following provisions which shall survive until otherwise terminated or discharged hereunder: (a) the rights of Holders of Defeased outstanding Notes to receive, solely from the trust fund described in Section 1204 and as more fully set forth in such Section, receive payments in respect of the principal of and of, premium, if any, and interest interest, if any, on such Notes when such payments are due, due from the trust referred to in Section 8.4(l); (b) the CompanyIssuer’s obligations with respect to such Defeased Notes under Sections 3042.2, 3052.3, 3062.4, 402 2.5, 2.6, 2.7, 2.10 and 403, 4.2 hereof; (c) the rights, powers, trusts, duties benefits and immunities of the Trustee hereunderTrustee, including the Trustee’s rights without limitation thereunder, under Section 7077.7, 8.5 and 8.7 hereof and the Issuer’s obligations in connection therewith; (d) the Company’s rights pursuant to Section 3.7; and (e) the provisions of this Article XII. If the Company exercises its option under this Section 1202, payment of the Notes may not be accelerated because of an Event of Default with respect theretoVIII. Subject to compliance with this Article XIIVIII, the Company may, at its option and at any time, Issuer may exercise its option under this Section 1202 8.2 notwithstanding the prior exercise of its option under Section 1203 with respect to 8.3 hereof. The Issuer and the Notes.Guarantors may terminate the obligations under this Indenture when:

Appears in 1 contract

Samples: PNA Group Holding CORP

Defeasance and Discharge. Upon the Company’s Operating Partnership's exercise under Section 1201 of the above option applicable to this Section 1202with respect to any Notes of or within a series, the Company Operating Partnership shall be deemed to have been released and discharged from its obligations with respect to the Defeased such Outstanding Notes on the date the relevant conditions set forth in Section 1204 below are satisfied (hereinafter, “Defeasance”hereinafter "defeasance"). For this purpose, such Defeasance defeasance means that the Company Operating Partnership shall be deemed to have paid and discharged the entire Indebtedness indebtedness represented by the Defeased such Outstanding Notes, which shall thereafter be deemed to be "Outstanding" only for the purposes of Section 1205 and the other Sections of this Indenture referred to in clauses (aA) and through (bD) below, and the Company and each of the Subsidiary Guarantors shall be deemed to have satisfied all of its other obligations under such Notes and this Indenture insofar as such Notes are concerned (and the Trustee, at the expense of the CompanyOperating Partnership, shall execute proper instruments acknowledging the same), except for the following, following which shall survive until otherwise terminated or discharged hereunder: (aA) the rights of Holders of Defeased such outstanding Notes to receive, solely from the trust fund described in Section 1204 and as more fully set forth in such Section, payments in respect of the principal of (and premium, if any) and interest, and interest on such Notes when such payments are due, (bB) the Company’s Operating Partnership's obligations with respect to such Defeased Notes under Sections 304, 305, 306, 402 1002 and 4031003, (cC) the rights, powers, trusts, duties and immunities of the Trustee hereunderhereunder (including, including the Trustee’s rights under without limitation, those in Section 707, 606 hereof) and (dD) this Article XII. If the Company exercises its option under this Section 1202, payment of the Notes may not be accelerated because of an Event of Default with respect theretoTwelve. Subject to compliance with this Article XIITwelve, the Company may, at its option and at any time, Operating Partnership may exercise its option under this Section 1202 notwithstanding the prior exercise of its option under Section 1203 with respect to the such Notes.

Appears in 1 contract

Samples: Amb Property Ii Lp

Defeasance and Discharge. Upon the Company’s 's exercise under Section 1201 of the option applicable to this Section 1202, the Company shall be deemed to have been released and discharged from its obligations with respect to the Defeased Notes on the date the relevant conditions set forth in Section 1204 below are satisfied (hereinafter, "Defeasance"). For this purpose, such Defeasance means that the Company shall be deemed to have paid and discharged the entire Indebtedness indebtedness represented by the 116 Defeased Notes, which shall thereafter be deemed to be "Outstanding" only for the purposes of Section 1205 and the other Sections of this Indenture referred to in clauses (a) and (b) below, and the Company and each of the Subsidiary Guarantors shall be deemed to have satisfied all other obligations under such Notes and this Indenture insofar as such Notes are concerned (and the Trustee, at the expense of the Company, shall execute proper instruments acknowledging the same), except for the following, which shall survive until otherwise terminated or discharged hereunder: (a) the rights of Holders of Defeased Notes to receive, solely from the trust fund described in Section 1204 and as more fully set forth in such Section, payments in respect of the principal of and premium, if any, and interest on such Notes when such payments are due, (b) the Company’s 's obligations with respect to such Defeased Notes under Sections 304, 305, 306, 402 and 403, (c) the rights, powers, trusts, duties and immunities of the Trustee hereunder, including the Trustee’s 's rights under Section 707, and (d) this Article XII. If the Company exercises its option under this Section 1202, payment of the Notes may not be accelerated because of an Event of Default with respect thereto12. Subject to compliance with this Article XII12, the Company may, at its option and at any time, exercise its option under this Section 1202 notwithstanding the prior exercise of its option under Section 1203 with respect to the Notes.

Appears in 1 contract

Samples: Atlantic Health Group Inc

Defeasance and Discharge. Upon the Company’s 's exercise under Section 1201 of the above option applicable to this Section 12021302, the Company shall be deemed to have been released and discharged from its obligations with respect to the Defeased Notes Outstanding Securities of such series on and after the date the relevant conditions precedent set forth in Section 1204 below 1304 are satisfied (hereinafter, “Defeasance”"defeasance"). For this purpose, such Defeasance defeasance means that the Company shall be deemed to have paid and discharged the entire Indebtedness indebtedness represented by the Defeased Notes, which shall thereafter be deemed to be “Outstanding” only for the purposes Outstanding Securities of Section 1205 such series and the other Sections of this Indenture referred to in clauses (a) and (b) below, and the Company and each of the Subsidiary Guarantors shall be deemed to have satisfied all of its other obligations under such Notes Securities and this Indenture insofar as such Notes Securities are concerned (and the Trustee, at the expense of the Company, shall execute proper instruments acknowledging the same), except for the following, following which shall survive until otherwise terminated or discharged hereunder: (ai) the rights of Holders of Defeased Notes Outstanding Securities of such series to receive, solely from the trust fund described in Section 1204 and 1305 as more fully set forth in such Section, payments in respect of the principal of and premium, if any, and any premium or interest on such Notes Securities when such payments are due, (bii) the Company’s 's obligations with respect to such Defeased Notes Securities under Sections 304, 305, 306, 402 1002 and 4031004 and such obligations as shall be ancillary thereto, (ciii) the rights, powers, trusts, duties duties, immunities and immunities other provisions in respect of the Trustee hereunder, including the Trustee’s rights under Section 707, this Indenture and (div) this Article XIIThirteen. If Subject to compliance with this Article Thirteen, the Company exercises may exercise its option under this Section 12021302 notwithstanding the prior exercise of its option under Section 1303 with respect to the Securities of such series. Following a defeasance, payment of the Notes Securities of such series may not be accelerated because of an Event of Default with respect thereto. Subject to compliance with this Article XII, the Company may, at its option and at any time, exercise its option under this Section 1202 notwithstanding the prior exercise of its option under Section 1203 with respect to the NotesDefault.

Appears in 1 contract

Samples: Potomac Electric Power (Potomac Electric Power Co)

Defeasance and Discharge. Upon the CompanyIssuer’s exercise under Section 1201 8.01 of the option applicable to this Section 12028.02, the Company Issuer and the Guarantors shall be deemed to have been released and discharged from its their obligations with respect to the Defeased Notes on the date the relevant conditions set forth in Section 1204 below 8.04 are satisfied (hereinafter, “Legal Defeasance”). For this purpose, such Legal Defeasance means that the Company Issuer shall be deemed to have paid and discharged the entire Indebtedness represented by the Defeased Notes, which shall thereafter be deemed to be “Outstanding” only for the purposes of Section 1205 outstanding Notes and the other Sections of this Indenture referred to in clauses (a) and (b) below, and the Company and each of the Subsidiary Guarantors shall be deemed to have satisfied all their other obligations under such the Notes and this Indenture insofar as such Notes are concerned (and the Trustee, at the expense of the CompanyIssuer, shall execute proper instruments acknowledging the same), except for the following, following provisions which shall survive until otherwise terminated or discharged hereunder: (a) the rights of Holders of Defeased outstanding Notes to receive, solely from the trust fund described in Section 1204 8.08 and as more fully set forth in such Section, payments in respect of the principal of (and premium, if any, on) and interest (including Additional Amounts) on such Notes when such payments are due, (b) the CompanyIssuer’s obligations with respect to such Defeased the Notes under Sections 304concerning issuing temporary Notes, 305registration of Notes, 306mutilated, 402 destroyed, lost or stolen Notes and 403the maintenance of an office or agency for payment and money for security payments held in trust, (c) the rights, powers, trusts, duties and immunities of the Trustee hereunder, including hereunder and the TrusteeIssuer’s rights under Section 707, and the Guarantors’ obligations in connection therewith and (d) the provisions of this Article XIIEight. If Subject to compliance with this Article Eight, the Company exercises Issuer may exercise its option under this Section 12028.02 notwithstanding the prior exercise of its 106 option under Section 8.03 below with respect to the Notes. If the Issuer exercises its Legal Defeasance option, payment of the Notes may not be accelerated because of an Event of Default with respect thereto. Subject to compliance with this Article XII, the Company may, at its option and at any time, exercise its option under this Section 1202 notwithstanding the prior exercise of its option under Section 1203 with respect to the NotesDefault.

Appears in 1 contract

Samples: Indenture (Carnival PLC)

Defeasance and Discharge. Upon the Company’s 's exercise under Section 1201 of the option specified in SECTION 8.3 above applicable to this Section 1202Section, the Company shall be deemed to have been released and discharged from its obligations with respect to the Defeased Notes such Securities on and after the date the relevant conditions set forth in Section 1204 below SECTION 8.6 herein are satisfied (hereinafter, “Defeasance”hereinafter "DEFEASANCE"). For this purpose, such Defeasance defeasance means that the Company shall be deemed to have paid and discharged the entire Indebtedness indebtedness represented by the Defeased Notes, such Securities which shall thereafter be deemed to be "Outstanding" only for the purposes of Section 1205 SECTION 8.7 herein and the other Sections of this Indenture referred to in clauses (a) and CLAUSE (b) belowof this Section, and the Company and each of the Subsidiary Guarantors shall be deemed to have satisfied all its other obligations under such Notes Securities and this Indenture insofar as such Notes Securities are concerned (and the Trustee, at the expense of the Company, shall on a Company Order execute proper instruments acknowledging the same), except for the following, which shall survive until otherwise terminated or discharged hereunder: (a) the rights of Holders of Defeased Notes such Securities to receive, solely from the trust fund funds described in Section 1204 SECTION 8.6(a) herein and as more fully set forth in such Section, payments in respect of the principal of and of, premium, if any, and interest interest, if any, on such Notes Securities when such payments are due, ; (b) the Company’s 's obligations with respect to such Defeased Notes Securities under Sections 304SECTIONS 2.4, 3052.6, 3062.10, 402 3.2 and 403, 3.3 herein; (c) the rights, powers, trusts, duties and immunities of the Trustee hereunder, including the Trustee’s rights under Section 707, hereunder and (d) this Article XIIARTICLE VIII. If Subject to compliance with this ARTICLE VIII, the Company exercises may exercise its option under this Section 1202notwithstanding the prior exercise of its option under SECTION 8.5 herein with respect to such Securities. Following a defeasance, payment of the Notes such Securities may not be accelerated because of an Event of Default with respect thereto. Subject to compliance with this Article XII, the Company may, at its option and at any time, exercise its option under this Section 1202 notwithstanding the prior exercise of its option under Section 1203 with respect to the NotesDefault.

Appears in 1 contract

Samples: Indenture (International Truck & Engine Corp)

Defeasance and Discharge. Upon the Company’s 's exercise under Section 1201 1401 of the option applicable to this Section 12021402, the Company and the Subsidiary Guarantors shall be deemed to have been released and discharged from its their obligations with respect to the Defeased Outstanding Notes and the Note Guarantees, respectively, on the date the relevant conditions set forth in Section 1204 below 1404 are satisfied (hereinafter, “Defeasance”"defeasance"). For this purpose, such Defeasance defeasance means that the Company and the Subsidiary Guarantors shall be deemed to have paid and discharged the entire Indebtedness represented by the Defeased Outstanding Notes, which shall thereafter be deemed to be "Outstanding" only for the purposes of Section 1205 1405 and the other Sections of this Indenture referred to in clauses (aA) and (bB) below, and the Company and each of the Subsidiary Guarantors shall be deemed to have satisfied all its other obligations under such the Notes and this Indenture insofar as such the Notes are concerned (and the Trustee, at the expense of the Company, shall execute proper instruments acknowledging the same), except for the following, following which shall survive until otherwise terminated or discharged hereunder: (aA) the rights of Holders of Defeased such Outstanding Notes to receive, solely from the trust fund described in Section 1204 1404 and as more fully set forth in such Section, payments in respect of the principal of (and premium, if any, ) and interest on 105 such Notes when such payments are due, (bB) the Company’s 's obligations with respect to such Defeased Notes under Sections 304, 305, 306, 402 1003 and 4031004, (cC) the rights, powers, trusts, duties and immunities of the Trustee hereunder, including and the Trustee’s rights under Section 707, Company's obligations in connection therewith and (dD) this Article XII. If the Company exercises its option under this Section 1202, payment of the Notes may not be accelerated because of an Event of Default with respect theretoFourteen. Subject to compliance with this Article XIIFourteen, the Company may, at its option and at any time, may exercise its option under this Section 1202 1402 notwithstanding the prior exercise of its option under Section 1203 1403 with respect to the such Notes.

Appears in 1 contract

Samples: Perry Ellis International Inc

Defeasance and Discharge. Upon the Company’s 's exercise under Section 1201 of the above option provided in Section 12.01 applicable to this Section 120212.02, the Company shall be deemed to have been released and discharged from its obligations with respect to the Defeased Outstanding Notes on and after the date the relevant conditions precedent set forth in Section 1204 below are satisfied (hereinafter, “Defeasance”"defeasance"). For this purpose, such Defeasance defeasance means that the Company shall be deemed to have paid and discharged the entire Indebtedness indebtedness represented by the Defeased Notes, which shall thereafter be deemed to be “Outstanding” only for the purposes of Section 1205 Outstanding Notes and the other Sections of this Indenture referred to in clauses (a) and (b) below, and the Company and each of the Subsidiary Guarantors shall be deemed to have satisfied all its other obligations under such Notes and this Indenture Indenture, insofar as such Notes are concerned (and the Trustee, at the expense of the Company, shall execute proper instruments acknowledging the same), except for the following, which shall survive until otherwise terminated or discharged hereunder: (aA) the rights of Holders of Defeased Outstanding Notes to receive, solely from the trust fund described in Section 1204 and 12.04, as more fully set forth in such Section, payments in respect of the principal of (and premium, if any, ) and interest on such Notes when such payments are due, (bB) the Company’s 's obligations with respect to such Defeased Notes under Sections 3043.04, 3053.05, 3063.06, 402 10.02 and 40310.03 and such obligations as shall be ancillary thereto, (cC) the rights, powers, trusts, duties duties, immunities and immunities other provisions in respect of the Trustee hereunder, including the Trustee’s rights under Section 707, hereunder and (dD) this Article XIITwelve. If Subject to compliance with this Article Twelve, the Company exercises may exercise its option under this Section 120212.02 notwithstanding the prior exercise of its option under Section 12.03 with respect to the Notes. Following a defeasance, payment of the Notes may not be accelerated because of an Event of Default with respect thereto. Subject to compliance with this Article XII, the Company may, at its option and at any time, exercise its option under this Section 1202 notwithstanding the prior exercise of its option under Section 1203 with respect to the NotesDefault.

Appears in 1 contract

Samples: Hawthorne Financial Corp

Defeasance and Discharge. Upon the Company’s and the Subsidiary Guarantors’ exercise under Section 1201 of the option applicable provided in Section 8.01 to have this Section 12028.02 applied to the Outstanding Notes, the Company shall and the Subsidiary Guarantors will be deemed to have been released and discharged from its their obligations with respect to the Defeased Outstanding Notes as provided in this Section 8.02 on and after the date the relevant conditions set forth in Section 1204 below 8.04 are satisfied (hereinafter, hereinafter called “Defeasance”). For this purpose, such Defeasance means that the Company shall and the Subsidiary Guarantors will be deemed to have paid and discharged the entire Indebtedness indebtedness represented by the Defeased Notes, which shall thereafter be deemed to be “Outstanding” only for the purposes of Section 1205 Outstanding Notes and the other Sections of this Indenture referred to in clauses (a) and (b) below, and the Company and each of the Subsidiary Guarantors shall be deemed to have satisfied all of their other obligations under such the Notes and this Indenture insofar as such Notes are concerned (and the Trustee, at the expense of the Company, shall will execute proper instruments acknowledging the same), except for subject to the following, following which shall will survive until otherwise terminated or discharged hereunder: (a) the rights of Holders of Defeased Notes to receive, solely from the trust fund described in Section 1204 8.04 and as more fully set forth in such SectionSection 8.04, payments in respect of the principal of and premium, if any, any premium and interest on such the Notes when such payments are due, (ba) the Company’s obligations with respect to such Defeased the Notes under Sections 3042.04, 3052.06, 3062.09, 402 4.02, and 4037.11, (ca) the rights, powers, trusts, duties duties, and immunities of the Trustee hereunder, including the Trustee’s rights under Section 707, this Indenture and (da) this Article XII. If the Company exercises its option under this Section 1202, payment of the Notes may not be accelerated because of an Event of Default with respect thereto8. Subject to compliance with this Article XII8, the Company may, at its and the Subsidiary Guarantors may exercise their option and at any time, exercise its option under provided in Section 8.01 to have this Section 1202 8.02 applied to the Outstanding Notes notwithstanding the prior exercise of its option under provided in Section 1203 with respect 8.01 to have Section 8.03 applied to the Outstanding Notes.

Appears in 1 contract

Samples: Supplemental Indenture (Quicksilver Resources Inc)

Defeasance and Discharge. Upon the CompanyIssuer’s exercise under Section 1201 8.1 hereof of the option applicable to this Section 12028.2, the Company shall Issuer shall, subject to the satisfaction of the conditions set forth in Section 8.4 hereof, be deemed to have been released and discharged from its obligations with respect to the Defeased all outstanding Notes on the date the relevant conditions set forth in Section 1204 below are satisfied (hereinafter, “Defeasancedefeasance”). For this purpose, such Defeasance defeasance means that the Company Issuer shall be deemed to have paid and discharged the entire Indebtedness Debt represented by the Defeased outstanding Notes, which shall thereafter be deemed to be “Outstandingoutstanding” only for the purposes of Section 1205 8.5 hereof and the other Sections of this Indenture referred to in clauses (a) and (b) below, and the Company and each of the Subsidiary Guarantors shall be deemed to have satisfied all of its other obligations under such Notes and this Indenture insofar as such Notes are concerned (and the Trustee, on demand of and at the expense of the CompanyIssuer, shall execute proper instruments acknowledging the same), except for the following, following provisions which shall survive until otherwise terminated or discharged hereunder: (a) the rights of Holders of Defeased outstanding Notes to receive, solely from the trust fund described in Section 1204 and as more fully set forth in such Section, receive payments in respect of the principal of and of, premium, if any, and interest interest, if any, on such Notes when such payments are due, due from the trust referred to in Section 8.4(l); (b) the CompanyIssuer’s obligations with respect to such Defeased Notes under Sections 3042.2, 3052.3, 3062.4, 402 2.5, 2.6, 2.7, 2.10 and 403, 4.2 hereof; (c) the rights, powers, trusts, duties benefits and immunities of the Trustee hereunderTrustee, including the Trustee’s rights without limitation thereunder, under Section 7077.7, 8.5 and 8.7 hereof and the Issuer’s obligations in connection therewith; (d) the Company’s rights pursuant to Section 3.7; and (e) the provisions of this Article XII. If the Company exercises its option under this Section 1202, payment of the Notes may not be accelerated because of an Event of Default with respect theretoVIII. Subject to compliance with this Article XIIVIII, the Company may, at its option and at any time, Issuer may exercise its option under this Section 1202 8.2 notwithstanding the prior exercise of its option under Section 1203 with respect to 8.3 hereof. The Issuer and the Notes.Guarantors may terminate their respective obligations under the Indenture (a “Discharge”) when:

Appears in 1 contract

Samples: Triumph Group Inc

Defeasance and Discharge. Upon the Company’s 's exercise under Section 1201 12.01 of the option applicable to this Section 120212.02, the Company shall be deemed to have been released and discharged from its obligations with respect to the Defeased Notes on the date the relevant conditions set forth in Section 1204 12.04 below are satisfied (hereinafter, "Defeasance"). For this purpose, such Defeasance means that the Company shall be deemed to have paid and discharged the entire Indebtedness indebtedness represented by the Defeased Notes, which shall thereafter be deemed to be "Outstanding" only for the purposes of Section 1205 12.05 and the other Sections of this Indenture referred to in clauses (a) and (b) below, and the Company and each of the Subsidiary Note Guarantors shall be deemed to have satisfied all other obligations under such Notes and this Indenture insofar as such Notes are concerned (and the Trustee, at the expense of the Company, shall execute proper instruments acknowledging the same), except for the following, which shall survive until otherwise terminated or discharged hereunder: (a) the rights of Holders of Defeased Notes to receive, solely from the trust fund described in Section 1204 12.04 and as more fully set forth in such Section, payments in respect of the principal of and premium, if any, and interest on such Notes when such payments are due, (b) the Company’s 's obligations with respect to such Defeased Notes under Sections 3043.04, 3053.05, 3063.06, 402 4.02 and 4034.03, (c) the rights, powers, trusts, duties and immunities of the Trustee hereunder, including the Trustee’s 's rights under Section 7077.07, and (d) this Article XII. If the Company exercises its option under this Section 1202, payment of the Notes may not be accelerated because of an Event of Default with respect thereto12. Subject to compliance with this Article XII12, the Company may, at its option and at any time, exercise its option under this Section 1202 12.02 notwithstanding the prior exercise of its option under Section 1203 12.03 with respect to the Notes.

Appears in 1 contract

Samples: Refinancing Agreement (Relocation Management Systems Inc)

Defeasance and Discharge. Upon the CompanyIssuer’s exercise under Section 1201 8.01 of the option applicable to this Section 12028.02, the Company Issuer and the Guarantors shall be deemed to have been released and discharged from its their obligations with respect to the Defeased outstanding Notes and the Note Guarantees, as applicable, on the date the relevant conditions set forth in Section 1204 below 8.04 are satisfied (hereinafter, “Legal Defeasance”). For this purpose, such Legal Defeasance means that the Company Issuer shall be deemed to have paid and discharged the entire Indebtedness represented by the Defeased Notes, which shall thereafter be deemed to be “Outstanding” only for the purposes of Section 1205 outstanding Notes and the other Sections of this Indenture referred to in clauses (a) and (b) below, and the Company and each of the Subsidiary Guarantors shall be deemed to have satisfied all its other obligations under such the Notes and this Indenture insofar as such Notes are concerned (and the Trustee, at the expense of the CompanyIssuer, shall execute proper instruments acknowledging the same), except for the following, following provisions which shall survive until otherwise terminated or discharged hereunder: (a) the rights of Holders of Defeased outstanding Notes to receive, solely from the trust fund described in Section 1204 8.08 and as more fully set forth in such Section, payments in respect of the principal of (and premium, if any, on) and interest (including Additional Amounts) on such Notes when such payments are due, (b) the CompanyIssuer’s obligations with respect to such Defeased the Notes under Sections 304concerning issuing temporary Notes, 305registration of Notes, 306mutilated, 402 destroyed, lost or stolen Notes and 403the maintenance of an office or agency for payment and money for security payments held in trust, (c) the rights, powers, trusts, duties and immunities of the Trustee hereunder, including and the TrusteeSecurity Agent hereunder and the Issuer’s rights under Section 707, and the Guarantors’ obligations in connection therewith and (d) the provisions of this Article XIIEight. If Subject to compliance with this Article Eight, the Company exercises Issuer may exercise its option under this Section 12028.02 notwithstanding the prior exercise of its option under Section 8.03 below with respect to the Notes. If the Issuer exercises its Legal Defeasance option, payment of the Notes may not be accelerated because of an Event of Default with respect thereto. Subject to compliance with this Article XII, the Company may, at its option and at any time, exercise its option under this Section 1202 notwithstanding the prior exercise of its option under Section 1203 with respect to the NotesDefault.

Appears in 1 contract

Samples: Indenture (Royal Caribbean Cruises LTD)

Defeasance and Discharge. Upon the Company’s exercise under Section 1201 401 of the option applicable to this Section 1202402, the Company shall be deemed to have been released and discharged from its obligations with respect to the Defeased Notes all Outstanding Securities on the date the relevant conditions set forth in Section 1204 below are satisfied (hereinafter, “Defeasancedefeasance”). For this purpose, such Defeasance defeasance means that the Company shall be deemed to have paid and discharged the entire Indebtedness indebtedness represented by the Defeased NotesOutstanding Securities, which shall thereafter be deemed to be “Outstanding” only for the purposes of Section 1205 405 and the other Sections of this Indenture referred to in clauses (a) A), (B), and (bC) below, and the Company and each of the Subsidiary Guarantors shall be deemed to have satisfied all its other obligations under such Notes Securities and this Indenture insofar as such Notes Securities are concerned (and the Trustee, upon Company Request and at the expense of the Company, shall execute proper instruments acknowledging the same), except for the following, following which shall survive until otherwise terminated or discharged hereunder: (aA) the rights of Holders of Defeased Notes Outstanding Securities to receive, receive solely from the trust fund described in Section 1204 404 and as more fully set forth in such Section, payments in respect of the principal of (and premium, if any, ) and interest on such Notes Securities when such payments are due, (bB) the Company’s obligations with respect to such Defeased Notes Securities under Sections 304, 305, 306, 402 1002, 1003, 1013 (for purposes of applying Section 1013, if the Trustee (or any other qualifying trustee referred to in Section 404(1)) is required by law or by the interpretation or administration thereof to withhold or deduct any amount for or on account of Taxes (as defined in Section 1013) from any payment made from the trust fund described in Section 404 under or with respect to the Securities, such payment shall be deemed to have been made by the Company and 403the Company shall be deemed to have been so required to withhold or deduct) and 1014, (cC) the Company’s right of redemption pursuant to Section 1101(b), provided that either (i) the change or amendment referred to therein occurs after defeasance is exercised by the Company in accordance with Section 404 or (ii) the Company is, immediately before the defeasance, entitled to redeem the Securities pursuant to Section 1101(b), in which case the Company may redeem the Securities in accordance with Article Eleven by complying with such Article and depositing with the Trustee, in accordance with Section 1106, an amount of money sufficient, together with all amounts held in trust pursuant to Section 404(1), to pay the Redemption Price of all the Securities to be redeemed, (D) the rights, powers, trusts, duties and immunities of the Trustee hereunderhereunder and the Company’s obligations in connection therewith, including the TrusteeCompany’s rights obligations under Section 707, 607 and (dE) this Article XII. If the Company exercises its option under this Section 1202, payment of the Notes may not be accelerated because of an Event of Default with respect theretoFour. Subject to compliance with this Article XIIFour, the Company may, at its option and at any time, may exercise its option under this Section 1202 402 notwithstanding the prior exercise of its option under Section 1203 403 with respect to the NotesSecurities.

Appears in 1 contract

Samples: Indenture (Rogers Communications Inc)

Defeasance and Discharge. Upon the Company’s 's exercise under Section 1201 401 of the option applicable to this Section 1202402, the Company shall be deemed to have been released and discharged from its obligations with respect to the Defeased Notes all Outstanding Securities on the date the relevant conditions set forth in Section 1204 below are satisfied (hereinafter, “Defeasance”"defeasance"). For this purpose, such Defeasance defeasance means that the Company shall be deemed to have paid and discharged the entire Indebtedness indebtedness represented by the Defeased NotesOutstanding Securities, which shall thereafter be deemed to be "Outstanding" only for the purposes of Section 1205 405 and the other Sections of this Indenture referred to in clauses (a) A), (B), and (bC) below, and the Company and each of the Subsidiary Guarantors shall be deemed to have satisfied all its other obligations under such Notes Securities and this Indenture insofar as such Notes Securities are concerned (and the Trustee, upon Company Request and at the expense of the Company, shall execute proper instruments acknowledging the same), except for the following, following which shall survive until otherwise terminated or discharged hereunder: (aA) the rights of Holders of Defeased Notes Outstanding Securities to receive, receive solely from the trust fund described in Section 1204 404 and as more fully set forth in such Section, payments in respect of the principal of (and premium, if any, ) and interest on such Notes Securities when such payments are due, (bB) the Company’s 's obligations with respect to such Defeased Notes Securities under Sections 304, 305, 306308, 402 1002, 1003, 1021 (for purposes of applying Section 1021, if the Trustee (or any other qualifying trustee referred to in Section 404(1)) is required by law or by the interpretation or administration thereof to withhold or deduct any amount for or on account of Taxes (as defined in Section 1021) from any payment made from the trust fund described in Section 404 under or with respect to the Securities, such payment shall be deemed to have been made by the Company and 403the Company shall be deemed to have been so required to withhold or deduct) and 1022, (cC) the Company's right of redemption pursuant to Section 1101(b), provided that either (i) the change or amendment referred to therein occurs after defeasance is exercised by the Company in accordance with Section 404 or (ii) the Company was, immediately before the defeasance, entitled to redeem the Securities pursuant to Section 1101(b), in which case the Company may redeem the Securities in accordance with Article Eleven by complying with such Article and depositing with the Trustee, in accordance with Section 1106, an amount of money sufficient, together with all amounts held in trust pursuant to Section 404(1), to pay the Redemption Price of all the Securities to be redeemed, (D) the rights, powers, trusts, duties and immunities of the Trustee hereunderhereunder and the Company's obligations in connection therewith, including the Trustee’s rights Company's obligations under Section 707, 607 and (dE) this Article XII. If the Company exercises its option under this Section 1202, payment of the Notes may not be accelerated because of an Event of Default with respect theretoFour. Subject to compliance with this Article XIIFour, the Company may, at its option and at any time, may exercise its option under this Section 1202 402 notwithstanding the prior exercise of its option under Section 1203 403 with respect to the NotesSecurities.

Appears in 1 contract

Samples: Pledge Agreement (Rogers Cable Inc)

Defeasance and Discharge. Upon the Company’s exercise under Section 1201 4.01 of the option applicable to this Section 12024.02, the Company and each Guarantor shall be deemed to have been released and discharged from its obligations with respect to the Defeased Notes Securities on the date the relevant conditions set forth in Section 1204 below are satisfied (hereinafter, “Defeasancedefeasance”). For this purpose, such Defeasance defeasance means that the Company shall be deemed to have paid and discharged the entire Indebtedness indebtedness represented by the Defeased NotesSecurities, which shall thereafter be deemed to be “Outstanding” only for the purposes of Section 1205 4.05 and the other Sections of this Indenture referred to in clauses (a) and (b) below, and the Company and each of the Subsidiary Guarantors shall be deemed to have satisfied all its other obligations under such Notes Securities and this Indenture insofar as such Notes Securities are concerned (and the Trustee, at the expense of the Company, and, upon Company Request, shall execute proper instruments acknowledging the same), except for the following, which shall survive until otherwise terminated or discharged hereunder: (a) the rights of Holders of Defeased Notes Securities to receive, solely from the trust fund described in Section 1204 4.04 and as more fully set forth in such Section, payments in respect of the principal of and premium, if any, and interest on such Notes Securities when such payments are due, (b) the Company’s obligations with respect to such Defeased Notes Securities under Sections 3041.18, 3051.19, 3063.04, 402 3.05, 3.06, 7.01, 10.01, 10.03, 10.10, 10.11 (but only to the extent such section is applicable to Default of an Indenture Obligation not defeased), and 40310.12 (for the purposes of applying Section 10.12, if the Trustee (or any qualifying trustee pursuant to 76 Section 4.04) is required by law or by the administration or interpretation thereof to withhold or deduct any amount for or on account of Taxes from any payment made from the trust fund described in Section 4.04 under or with respect to the Securities, such payment shall be deemed to have been made by the Company and the Company shall be deemed to have been so required to deduct or withhold) and (c) the rights, powers, trusts, duties and immunities of the Trustee hereunder, including including, without limitation, the Trustee’s rights under Section 7076.07, and (d) this Article XII. If the Company exercises its option under this Section 1202, payment of the Notes may not be accelerated because of an Event of Default with respect theretoFour. Subject to compliance with this Article XIIFour, the Company may, at its option and at any time, may exercise its option under this Section 1202 4.02 notwithstanding the prior exercise of its option under Section 1203 4.03 with respect to the NotesSecurities.

Appears in 1 contract

Samples: Supplemental Indenture (Net Servicos De Comunicacao S A)

Defeasance and Discharge. Upon the Company’s exercise under Section 1201 of the above option applicable to this Section 120214.02 with respect to any Securities of or within a series, the Company shall be deemed to have been released and discharged from its obligations with respect to the Defeased Notes such Securities on the date the relevant conditions set forth in Section 1204 below 14.04 are satisfied (hereinafter, “Defeasancedefeasance”). For this purpose, such Defeasance defeasance means that the Company shall be deemed to have paid and discharged the entire Indebtedness indebtedness represented by the Defeased Notessuch Securities, which shall thereafter be deemed to be “Outstanding” only for the purposes of Section 1205 14.05 and the other Sections of this Indenture referred to in clauses (aA) and (bB) below, and the Company and each of the Subsidiary Guarantors shall be deemed to have satisfied all of its other obligations under such Notes Securities and this Indenture insofar as such Notes Securities are concerned (and the TrusteeTrustees, at the expense of the Company, shall execute proper instruments acknowledging the same), except for the following, following which shall survive until otherwise terminated or discharged hereunder: (aA) the rights of Holders of Defeased Notes such Securities to receive, solely from the trust fund described in Section 1204 14.04 and as more fully set forth in such Section, payments in respect of the principal of and premiumof, premium (if any, ) and interest (if any) on such Notes Securities when such payments are due, (bB) the Company’s obligations with respect to such Defeased Notes Securities under Sections 3043.05, 3053.06, 306, 402 10.02 and 40310.03, (cC) the rights, powers, trusts, duties and immunities of the Trustee hereunder, including the Trustee’s rights under Section 707, Trustees hereunder and (dD) this Article XII. If the Company exercises its option under this Section 1202, payment of the Notes may not be accelerated because of an Event of Default with respect theretoFourteen. Subject to compliance with this Article XIIFourteen, the Company may, at its option and at any time, may exercise its option under this Section 1202 14.02 notwithstanding the prior exercise of its option under Section 1203 14.03 with respect to the Notes.such Securities. 68

Appears in 1 contract

Samples: Curaleaf Holdings, Inc.

Defeasance and Discharge. Upon the Company’s 's exercise under Section 1201 12.1 hereof of the option applicable to this Section 120212.2, the Company shall be deemed to have been released and discharged from its obligations with respect to the Defeased all Outstanding Senior Notes on the date the relevant conditions set forth in Section 1204 below 12.4 hereof are satisfied (hereinafter, “Defeasance”"legal defeasance"). For this purpose, such Defeasance legal defeasance means that the Company shall be deemed (i) to have paid and discharged its obligations under the entire Indebtedness represented by the Defeased Outstanding Senior Notes, which provided, however, that the Senior Notes shall thereafter continue to be deemed to be "Outstanding” only " for the purposes of Section 1205 12.5 hereof and the other Sections of this Indenture referred to in clauses (aA) and (bB) below, and the Company and each of the Subsidiary Guarantors shall be deemed (ii) to have satisfied all its other obligations under with respect to such Senior Notes and this Indenture insofar as such Notes are concerned (and the Trustee, at the expense and direction of the Company, shall execute proper instruments acknowledging the same), except for the following, following which shall survive until otherwise terminated or discharged hereunder: (aA) the rights of Holders of Defeased Outstanding Senior Notes to receive, solely from the trust fund described in Section 1204 12.4 hereof and as more fully set forth in such Section, payments in respect of the principal of (and premium, premium if any, on), interest and interest Liquidated Damages on such Senior Notes when such payments are duedue (or at such time as the Senior Notes would be subject to redemption at the option of the Company in accordance with this Indenture), (bB) the Company’s obligations with respect to such Defeased Notes of the Company under Sections 3043.3, 3053.4, 3063.6, 402 3.7, 5.8, 6.6, 6.9, 6.10, 10.2 and 40310.3, (cC) the rights, powers, trusts, duties and immunities of the Trustee hereunder, including the Trustee’s rights under Section 707, and (dD) the obligations of the Company under this Article XII. If the Company exercises its option under this Section 1202, payment of the Notes may not be accelerated because of an Event of Default with respect thereto. Subject to compliance with this Article XII, the Company may, at its option and at any time, may exercise its option under this Section 1202 12.2 notwithstanding the prior exercise of its option under Section 1203 12.3 hereof with respect to the Senior Notes.

Appears in 1 contract

Samples: Indenture (Veritas DGC Inc)

Defeasance and Discharge. Upon the Company’s exercise under Section 1201 of the its option applicable to have this Section 1202applied to the 6 5/8% Notes, (i) the Company shall be deemed to have been released and discharged from its obligations hereunder as provided in this Section, (ii) payment of the 6 5/8% Notes may not be accelerated because of an Event of Default with respect thereto and (iii) the provisions of Articles Fourteen through Sixteen shall cease to be effective with respect to the Defeased 6 5/8% Notes as provided in this Section on and after the date the relevant conditions set forth in Section 1204 below 1304 are satisfied (hereinafter, hereinafter called “Defeasance”). For this purpose, such Defeasance means that the Company shall be deemed to have paid and discharged the entire Indebtedness indebtedness represented by the Defeased Notes, which shall thereafter be deemed to be “Outstanding” only for the purposes of Section 1205 6 5/8% Notes and the other Sections of this Indenture referred to in clauses (a) and (b) below, and the Company and each of the Subsidiary Guarantors shall be deemed to have satisfied all its other obligations under such the 6 5/8% Notes and this Indenture insofar as such the 6 5/8% Notes are concerned (and the Trustee, at the expense of the Company, shall execute proper instruments acknowledging the same), except for subject to the following, which shall survive until otherwise terminated or discharged hereunder: (a1) the rights of Holders of Defeased the 6 5/8% Notes to receive, solely from the trust fund described in Section 1204 1304 and as more fully set forth in such Section, payments in respect of the principal of and premium, if any, any premium and interest on such the 6 5/8% Notes when such payments are due, (b2) the Company’s obligations with respect to such Defeased the 6 5/8% Notes under Sections 304, 305, 306, 402 1002 and 4031003, (c3) the rights, powers, trusts, duties and immunities of the Trustee hereunder, including the Trustee’s rights under Section 707, hereunder and (d4) this Article XII. If the Company exercises its option under this Section 1202, payment of the Notes may not be accelerated because of an Event of Default with respect theretoArticle. Subject to compliance with this Article XIIArticle, the Company may, at its option and at any time, may exercise its option under (if any) to have this Section 1202 applied to the 6 5/8% Notes notwithstanding the prior exercise of its option under (if any) to have Section 1203 with respect 1303 applied to the 6 5/8% Notes.

Appears in 1 contract

Samples: Second Supplemental Indenture (Newfield Exploration Co /De/)

Defeasance and Discharge. Upon the Company’s exercise under Section 1201 of the its option applicable (if any) to have this Section 12026.1 applied to the Notes, the Company and each of the Guarantors shall be deemed to have been released and discharged from its obligations their Obligations with respect to the Defeased Notes and the Note Guarantees as provided in this Section 6.1 on and after the date the relevant conditions set forth in Section 1204 below 6.3 are satisfied (hereinafter, hereinafter called “Defeasance”). For this purpose, such Defeasance means that the Company and the Guarantors shall be deemed to have paid and discharged the entire Indebtedness Debt represented by the Defeased Notes, which shall thereafter be deemed to be “Outstanding” only for Notes (including the purposes of Section 1205 and the other Sections of this Indenture referred to in clauses (aNote Guarantees) and (b) below, and the Company and each of the Subsidiary Guarantors shall be deemed to have satisfied all their other obligations Obligations under such Notes the Notes, the Note Guarantees and this the Indenture insofar as such the Notes and the Note Guarantees are concerned (and the Trustee, at the expense of the Company, shall execute proper instruments provided to it acknowledging the same), except for subject to the following, following which shall survive until otherwise terminated or discharged hereunder: (a1) the rights of Holders of Defeased the Notes to receive, solely from the trust fund described in Section 1204 6.3 and as more fully set forth in such Section, payments in respect of the principal of and premiumany premium and interest and Special Interest, if any, and interest on such the Notes when such payments are due, (b2) the Company’s obligations Obligations with respect to such Defeased the Notes under Sections 304, 305, 306, 402 1002 and 4031003 of the Existing Indenture and Section 2.5 of this Thirty-First Supplemental Indenture, (c3) the rights, powers, trusts, duties and immunities of the Trustee hereunder, including the Trustee’s rights under Section 707, hereunder and (d4) this Article XII. If the Company exercises its option under this Section 1202, payment of the Notes may not be accelerated because of an Event of Default with respect theretoSix. Subject to compliance with this Article XIISix, the Company may, at its option and at any time, may exercise its option under (if any) to have this Section 1202 6.1 applied to any Notes notwithstanding the prior exercise of its option under (if any) to have Section 1203 with respect 6.2 applied to the such Notes.

Appears in 1 contract

Samples: Tenet Healthcare Corp

Defeasance and Discharge. Upon the Company’s 's exercise under Section 1201 8.1 of the option applicable to this Section 12028.2, the Company shall shall, subject to the satisfaction of the conditions set forth in Section 8.4, be deemed to have been released and discharged from its obligations with respect to all outstanding Notes and the Defeased Notes related Guarantees on the date the relevant conditions set forth in Section 1204 below are satisfied (hereinafter, "Defeasance"). For this purpose, such Defeasance means that the Company Company, a Guarantor, if applicable, and any other obligor under this Indenture shall be deemed to have paid and discharged the entire Indebtedness represented by the Defeased outstanding Notes, which shall thereafter be deemed to be “Outstanding” "outstanding" only for the purposes of Section 1205 8.5 and the other Sections of this Indenture referred to in clauses (a) and (b) below, and the Company and each of the Subsidiary Guarantors shall be deemed to have satisfied all its other obligations under such Notes and this Indenture insofar as such Notes are concerned (and the Trustee, on demand of and at the expense of the Company, shall execute proper instruments acknowledging the same), except for the following, following provisions which shall survive until otherwise terminated or discharged hereunder: (a) the rights of Holders of Defeased outstanding Notes to receive, solely from the trust fund described in Section 1204 8.4, and as more fully set forth in such SectionSection 8.4, payments in respect of the principal of and of, premium, if any, Liquidated Damages, if any, and interest on such Notes when such payments are due, (b) the Company’s 's obligations with respect to such Defeased Notes under Sections 304, 305, 306, 402 Article II and 403Section 4.2, (c) the rights, powers, trusts, duties and immunities of the Trustee hereunder, including hereunder and the Trustee’s rights under Section 707, Company's obligations in connection therewith and (d) this Article XII. If the Company exercises its option under this Section 1202, payment of the Notes may not be accelerated because of an Event of Default with respect theretoVIII. Subject to compliance with this Article XIIVIII, the Company may, at its option and at any time, may exercise its option under this Section 1202 8.2 notwithstanding the prior exercise of its option under Section 1203 with respect to the Notes8.3.

Appears in 1 contract

Samples: Indenture (Wallace Bill Enterprises Inc)

Defeasance and Discharge. Upon the Company’s 's exercise under Section 1201 1301 of the option applicable to this Section 12021302, the Company shall be deemed to have been released and discharged from its obligations with respect to all Outstanding Notes, and the Defeased Notes Subsidiary Guarantors, if any, shall be deemed to have been discharged from their respective obligations under their respective Subsidiary Guarantees, on the date the relevant conditions set forth in Section 1204 below 1304 are satisfied (hereinafter, “Defeasance”"defeasance"). For this purpose, such Defeasance defeasance means that the Company shall be deemed to have paid and discharged the entire Indebtedness indebtedness represented by the Defeased Outstanding Notes, which thereafter shall thereafter be deemed to be "Outstanding" only for the purposes of Section 1205 1305 and the other Sections of this Indenture referred to in clauses (aA) and (bB) below, and the Company and each of the Subsidiary Guarantors Guarantors, if any, shall be deemed to have satisfied all their other respective obligations under such Notes and this Indenture insofar as such Notes are concerned (and the Trustee, at the expense of the Company, shall execute proper instruments acknowledging the same), except for the following, which shall survive until otherwise terminated or discharged hereunder: (aA) the rights of Holders of Defeased Outstanding Notes to receive, solely from the trust fund described in Section 1204 1304 and as more fully set forth in such Section, payments in respect of the principal of (and premium, if any, on) and interest on such Notes when such payments are due, (bB) the Company’s 's obligations with respect to such Defeased Notes under Sections 304, 305, 306, 402 1002 and 4031003, (cC) the rights, powers, trusts, duties and immunities of the Trustee hereunder, including the Trustee’s rights under Section 707, hereunder and (dD) this Article XII. If Thirteen; provided, however, that the Company exercises its option under this Company's rights pursuant to -------- ------- Section 1202, payment of the Notes may 1101 shall not be accelerated because of an Event of Default with respect theretoterminated or discharged hereunder. Subject to compliance with this Article XIIThirteen, the Company may, at its option and at any time, may exercise its option under this Section 1202 1302 notwithstanding the prior exercise of its option under Section 1203 1303 with respect to the Notes.

Appears in 1 contract

Samples: Indenture (Teligent Inc)

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