Common use of Defeasance Clause in Contracts

Defeasance. The Indenture with respect to any series will be discharged and cancelled except for certain Sections thereof, subject to the terms of the Indenture, upon payment of all of the Securities of such series or upon the irrevocable deposit with the Trustee of cash or U.S. Government Obligations (or a combination thereof) sufficient for such payment in accordance with Article 14 of the Indenture.

Appears in 295 contracts

Samples: Supplemental Indenture (Prospect Capital Corp), Supplemental Indenture (Prospect Capital Corp), Supplemental Indenture (Prospect Capital Corp)

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Defeasance. The Indenture with respect to any series will be discharged and cancelled except for certain Sections thereof, subject to the terms of the Indenture, upon payment of all of the Securities of such series or upon the irrevocable deposit with the Trustee of cash or U.S. Government Obligations (or a combination thereof) sufficient for such payment in accordance with Article 14 Ten of the Indenture.

Appears in 5 contracts

Samples: Global Security Note (Dow Chemical Co /De/), Global Security Note (Dow Chemical Co /De/), Form of 3.600% Notes Due 2050 (Dow Inc.)

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