Common use of Defeasance of Certain Obligations Clause in Contracts

Defeasance of Certain Obligations. The Issuer and the Guarantor, as the case may be, or both, may omit to comply with the terms, provisions and conditions set forth in any covenant contained in Article Ten and any such omission shall not be an Event of Default, with respect to any series of Debt Securities, provided the following conditions have been satisfied: (1) the conditions set forth in clauses (1) to (7), inclusive of Section 1301(a); and (2) such deposit shall not cause the Trustee with respect to such series of Debt Securities to have a conflicting interest, within the meaning of this Indenture, and for purposes of the Trust Indenture Act with respect to such Debt Securities.

Defeasance of Certain Obligations. The Issuer and the Guarantor, as the case may be, or both, may omit to comply with the terms, provisions and conditions set forth in any covenant contained in Article Ten and any such omission shall not be an Event of Default, with respect to any series of Debt Securities, provided the following conditions have been satisfied: (1) the conditions set forth in clauses (1) to (7), inclusive of Section 1301(a); and (2) such deposit shall not cause the Trustee with respect to such series of Debt Securities to have a conflicting interest, within the meaning of this Indenture, and for purposes of the Trust Indenture Act with respect to such Debt Securities.

Defeasance of Certain Obligations. The Issuer and the Guarantor, as the case may be, or both, may omit to comply with the terms, provisions and conditions set forth in any covenant contained in Article Ten and any such omission shall not be an Event of Default, with respect to any series of Subordinated Debt Securities, provided the following conditions have been satisfied: (1) the conditions set forth in clauses (1) to (7), inclusive of Section 1301(a); and (2) such deposit shall not cause the Trustee with respect to such series of Subordinated Debt Securities to have a conflicting interest, within the meaning of this Indenture, and for purposes of the Trust Indenture Act with respect to such Subordinated Debt Securities.

Defeasance of Certain Obligations. The Issuer and the Guarantor, as the case may be, or both, may omit to comply with the terms, provisions and conditions set forth in any covenant contained in Article Ten and any such omission shall not be an Event of Default, with respect to any series of Subordinated Debt Securities, provided the following conditions have been satisfied: (1) the conditions set forth in clauses (1) to (7), inclusive of Section 1301(a); and (2) such deposit shall not cause the Trustee with respect to such series of Subordinated Debt Securities to have a conflicting interest, within the meaning of this Indenture, and for purposes of the Trust Indenture Act with respect to such Subordinated Debt Securities.