Common use of Defeasance Applicable to Notes Clause in Contracts

Defeasance Applicable to Notes. Pursuant to Section 3.1(18) and Section 13.1 of the Base Indenture, provision is hereby made for both (i) defeasance of the Notes under Section 13.2 of the Base Indenture and (ii) covenant defeasance of the Notes under Section 13.3 of the Base Indenture, in each case, upon the terms and conditions contained in Article 13 of the Base Indenture.

Appears in 2 contracts

Samples: Second Supplemental Indenture (Axos Financial, Inc.), Second Supplemental Indenture (Axos Financial, Inc.)

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Defeasance Applicable to Notes. Pursuant to Section 3.1(18) Sections 2.2.23 and Section 13.1 8.3 of the Base Indenture, provision is hereby made for both (i) legal defeasance of the Notes under Section 13.2 8.3 of the Base Indenture and (ii) covenant defeasance of the Notes under Section 13.3 of the Base Indenture8.4, in each case, upon the terms and conditions contained in Article 13 VIII of the Base Indenture.

Appears in 2 contracts

Samples: Supplemental Indenture (Customers Bancorp, Inc.), Customers Bancorp, Inc.

Defeasance Applicable to Notes. Pursuant to Section 3.1(18Sections 2.4(13) and Section 13.1 8.2 of the Base Indenture, provision is hereby made for both (i) legal defeasance of the Notes under Section 13.2 8.3 of the Base Indenture and (ii) covenant defeasance of the Notes under Section 13.3 of the Base Indenture8.4, in each case, upon the terms and conditions contained in Article 13 VIII of the Base Indenture.

Appears in 1 contract

Samples: First Supplemental Indenture (Sterling Bancorp)

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Defeasance Applicable to Notes. Pursuant to Section 3.1(18) Sections 2.2.23 and Section 13.1 8.3 of the Base Indenture, provision is hereby made for both (i) legal defeasance of the Notes under Section 13.2 of the Base Indenture and (ii) covenant defeasance of the Notes under Section 13.3 8.3 of the Base Indenture, in each case, upon the terms and conditions contained in Article 13 VIII of the Base Indenture. Section 8.4 shall not be applicable to the Notes.

Appears in 1 contract

Samples: First Supplemental Indenture (Customers Bancorp, Inc.)

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