Common use of Defeasance Prior to Redemption or Maturity Clause in Contracts

Defeasance Prior to Redemption or Maturity. Subject to certain conditions contained in the Indenture, the Company at any time may terminate some or all of its obligations under the Notes and the Indenture if the Company deposits with the Trustee money or U.S. Government Obligations sufficient to pay the principal of, and premium and interest on, the Notes to redemption or maturity, as the case may be.

Defeasance Prior to Redemption or Maturity. Subject to certain conditions contained in the Indentureconditions, the Company at any time may terminate some or all of its obligations under the Notes Securities and the Indenture if the Company deposits with the Trustee money or U.S. Government Obligations sufficient to pay for the principal of, and premium payment of Principal and interest on, on the Notes Securities to redemption or maturity, as the case may be.

Defeasance Prior to Redemption or Maturity. Subject to certain conditions contained in the Indentureconditions, the Company at any time may terminate some or all of its obligations under the Notes Securities and the Indenture if the Company deposits with the Trustee money or U.S. Government Obligations sufficient to pay for the payment of principal of, and premium and interest on, on the Notes Securities to redemption or maturity, as the case may be.