Common use of Discharge and Defeasance Clause in Contracts

Discharge and Defeasance. Subject to certain conditions, the Issuer at any time may terminate some or all of its obligations and the obligations of the Subsidiary Guarantors under the Notes, the Guarantees and the Indenture if the Issuer irrevocably deposits with the Trustee euro or European Government Obligations for the payment of principal and interest on the Notes to redemption or maturity, as the case may be.

Appears in 4 contracts

Samples: Indenture (Invitel Holdings a/S), Indenture (Hungarian Telephone & Cable Corp), Indenture (Hungarian Telephone & Cable Corp)

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Discharge and Defeasance. Subject to certain conditions, the Issuer Issuers at any time may terminate some or all of its obligations and the obligations of the Subsidiary Guarantors under the Notesthis Note and each other Note, the Guarantees and the Indenture if the Issuer Issuers irrevocably deposits deposit with the Trustee euro Euro or European Government Obligations for the payment of principal and interest on the Notes to redemption or maturity, as the case may be.

Appears in 4 contracts

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

Discharge and Defeasance. Subject to certain conditions, the Issuer Issuers at any time may terminate some or all of its obligations and the obligations of the Subsidiary Guarantors under the Notesthis Note and each other Note, the Guarantees and the Indenture if the Issuer Issuers irrevocably deposits deposit with the Trustee euro or European Government Obligations for the payment of principal and interest on the Notes to redemption or maturity, as the case may be.

Appears in 3 contracts

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

Discharge and Defeasance. Subject to certain conditions, the Issuer at any time may terminate some or all of its obligations and the obligations of the Subsidiary Guarantors under the Notes, the Guarantees Notes and the Indenture if the Issuer irrevocably Issuer, among other things, deposits with the Trustee cash in euro or European Government Obligations in such amounts (in combination with Qualified Interest Rate Agreements) as will be sufficient for the payment of the entire Indebtedness including principal of, premium and interest on, and Additional Amounts on the Notes to the date of redemption or maturity, as the case may be.

Appears in 3 contracts

Samples: Indenture (Invitel Holdings a/S), Indenture (Hungarian Telephone & Cable Corp), Indenture (Invitel Holdings a/S)

Discharge and Defeasance. Subject to certain conditions, the Issuer at any time may terminate some or all of its obligations under the Notes and all obligations of any Guarantor, the Indenture and all liens on Collateral created pursuant to the Security Documents (solely to the extent such liens are for the benefit of the Trustee and the obligations Holders of the Subsidiary Guarantors under the Notes, the Guarantees and the Indenture ) if the Issuer irrevocably deposits with the Trustee Trustee, euro or European Government Obligations (or a combination thereof) for the payment of principal and interest on the Notes to redemption or maturity, as the case may be.

Appears in 3 contracts

Samples: Indenture (International Game Technology PLC), Indenture (International Game Technology PLC), Indenture (International Game Technology)

Discharge and Defeasance. Subject to certain conditionsconditions and as set forth in the Indenture, the Issuer at any time may terminate some of or all of its their obligations and the obligations of the Subsidiary Guarantors under the Notes, the Guarantees Notes and the Indenture if the Issuer irrevocably deposits deposit with the Trustee euro (or such other entity directed, designated or appointed by the Issuer and reasonably acceptable to the Trustee acting for the Trustee for this purpose) money or European Government Obligations denominated in euro for the payment of principal and interest on the Notes to redemption or maturity, as the case may be.

Appears in 2 contracts

Samples: Indenture (Kronos Worldwide Inc), Indenture (Kronos Worldwide Inc)

Discharge and Defeasance. Subject to certain conditionsconditions set forth in the Indenture, the Issuer at any time may terminate some or all of its obligations and the obligations of the Subsidiary Guarantors under the Notes, the Guarantees Notes and the Indenture if the Issuer irrevocably deposits with the Trustee euro Paying Agent money or euro-denominated European Government Obligations or a combination thereof (sufficient, without reinvestment, in the opinion of a nationally-recognized certified public accounting firm) for the payment of principal principal, premium (if any) and interest on the Notes to redemption or maturity, as the case may be.

Appears in 2 contracts

Samples: Supplemental Indenture (Axalta Coating Systems Ltd.), Indenture (Axalta Coating Systems Ltd.)

Discharge and Defeasance. Subject to certain conditionsconditions set forth in the Indenture, the Issuer at any time may terminate some or all of its obligations and the obligations of the Subsidiary Guarantors under the Notes, the Guarantees Notes and the Indenture if the Issuer irrevocably deposits in trust with the Trustee euro money or euro-denominated European Government Obligations or a combination thereof (sufficient, without reinvestment, in the opinion of a nationally-recognized certified public accounting firm) for the payment of principal principal, premium (if any) and interest on the Notes to redemption or maturity, as the case may be.

Appears in 2 contracts

Samples: Supplemental Indenture (Axalta Coating Systems Ltd.), Indenture (Axalta Coating Systems Ltd.)

Discharge and Defeasance. Subject to certain conditions, the Issuer Issuers at any time may terminate some of or all of its their obligations and the obligations of the Subsidiary Guarantors under the Notes, the Guarantees Notes and the Indenture if the Issuer irrevocably deposits Issuers, among other things, deposit or cause to be deposited with the Trustee euro money or European Government Obligations denominated in euro in such amounts as will be sufficient for the payment of the entire Indebtedness including principal of, premium, if any, and interest on the Notes to the date of redemption or maturity, as the case may be.

Appears in 2 contracts

Samples: Senior Unsecured Indenture (NXP Manufacturing (Thailand) Co., Ltd.), Senior Secured Indenture (NXP Manufacturing (Thailand) Co., Ltd.)

Discharge and Defeasance. Subject to certain conditions, the Issuer at any time may terminate some of or all of its obligations and the obligations of the Subsidiary Guarantors under the Notes, the Guarantees Notes and the Indenture if the Issuer irrevocably deposits with the Trustee euro or European money in euros, Euro Government Obligations or a combination thereof for the payment of principal of and interest (including premium, if any) on the Notes Notes, in each case to redemption or maturity, as the case may be.

Appears in 2 contracts

Samples: Indenture (Energizer Holdings, Inc.), Indenture (Energizer Holdings, Inc.)

Discharge and Defeasance. Subject to certain conditions, the Issuer at any time may terminate some of or all of its obligations and the obligations of the Subsidiary Guarantors under the Notes, the Guarantees Notes and the Indenture with respect to the Notes if the Issuer irrevocably deposits with the Trustee cash in euro or euro-denominated European Government Obligations Obligations, or any combination thereof, for the payment of principal of, and interest on and premium on, the Notes to redemption or maturity, as the case may be.

Appears in 1 contract

Samples: Indenture (Goodyear Tire & Rubber Co /Oh/)

Discharge and Defeasance. Subject to certain conditions, the Issuer at any time may terminate some of or all of its obligations and the obligations of the Subsidiary Guarantors under the Notes, the Guarantees Securities and the Indenture if the Issuer irrevocably Issuer, among other things, deposits with the Trustee cash in euro or European Government Obligations denominated in euro, or a combination thereof, for the payment of principal principal, premium, if any, and interest on the Notes Securities to redemption or maturity, as the case may be.

Appears in 1 contract

Samples: Senior Subordinated Notes Indenture (RenPac Holdings Inc.)

Discharge and Defeasance. Subject to certain conditions, the Issuer at any time may terminate some or all of its obligations and the all obligations of the Subsidiary Guarantors any Guarantor under the Notes, the Guarantees Indenture and all liens on Collateral created pursuant to the Security Documents (solely to the extent such liens are for the benefit of the Trustee and the Indenture Holders of the Notes) if the Issuer irrevocably deposits with the Trustee Trustee, euro or European Government Obligations (or a combination thereof) for the payment of principal and interest on the Notes to redemption or maturity, as the case may be.

Appears in 1 contract

Samples: Indenture (International Game Technology)

Discharge and Defeasance. Subject to certain conditions, the Issuer at any time may terminate some or all of its obligations and the obligations of the Subsidiary Guarantors under the Notes, the Guarantees and the InterXion Holding N.V. Indenture Page 13 Indenture if the Issuer irrevocably deposits with the Trustee euro Euro or European Government Obligations for the payment of principal and interest on the Notes to redemption or maturity, as the case may be.

Appears in 1 contract

Samples: Indenture (InterXion Holding N.V.)

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Discharge and Defeasance. Subject to certain conditions, the Issuer at any time may terminate some or all of its obligations under this Note and the obligations of the Subsidiary Guarantors under the Notes, the Guarantees each other Note and the Indenture if the Issuer irrevocably deposits with the Trustee euro euros or European Government Obligations for the payment of principal and interest on the Notes to redemption or maturity, as the case may be.

Appears in 1 contract

Samples: Indenture (Ardagh Group S.A.)

Discharge and Defeasance. Subject to certain conditions, the Issuer at any time may terminate some or all of its obligations and the obligations of the Subsidiary Guarantors Guarantor under the Notes, the Guarantees Indenture and the Indenture Parent Guarantee if the Issuer irrevocably deposits with the Trustee euro money or European Government Obligations Securities for the payment of principal and interest on the Notes to redemption or maturity, as the case may be.

Appears in 1 contract

Samples: Indenture (Polska Telefonia Cyfrowa Sp Zoo)

Discharge and Defeasance. Subject to certain conditions, the Issuer at any time may terminate some or all of its obligations and the obligations of the Subsidiary Guarantors under the Notes, the Guarantees and the Indenture if the Issuer irrevocably deposits with the Trustee euro Euro or European Government Obligations for the payment of principal and interest on the Notes to redemption or maturity, as the case may be.

Appears in 1 contract

Samples: Indenture (InterXion Holding N.V.)

Discharge and Defeasance. Subject to certain conditionsconditions set forth in the Indenture, the Issuer Issuers at any time may terminate some or all of its their obligations and the obligations of the Subsidiary Guarantors under the Notes, the Guarantees Notes and the Indenture if the Issuer Issuers irrevocably deposits deposit in trust with the Trustee euro money or euro-denominated European Government Obligations (sufficient, without reinvestment, in the opinion of a nationally-recognized certified public accounting firm) for the payment of principal principal, premium (if any) and interest on the Notes to redemption or maturity, as the case may be.

Appears in 1 contract

Samples: Indenture (Axalta Coating Systems Ltd.)

Discharge and Defeasance. Subject to certain conditions, the Issuer at any time may terminate some of or all of its obligations and the obligations of the Subsidiary Guarantors under the Notes, the Guarantees Securities and the Indenture if the Issuer irrevocably Issuer, among other things, deposits with the Trustee cash in euro or European Government Obligations denominated in euro, or a combination thereof, for the payment of principal principal, premium, if any and interest on the Notes Securities to redemption or maturity, as the case may be.

Appears in 1 contract

Samples: Senior Notes Indenture (RenPac Holdings Inc.)

Discharge and Defeasance. Subject to certain conditions, the Issuer at any time may terminate some or all of its obligations and the obligations of the Subsidiary Guarantors under the Notes, the Note Guarantees and the Indenture if the Issuer irrevocably deposits with the Trustee Trustee, euro or European Government Obligations (or a combination thereof) for the payment of principal and interest on the Notes to redemption or maturity, as the case may be.

Appears in 1 contract

Samples: Indenture (Elster Group SE)

Discharge and Defeasance. Subject to certain conditions, the Issuer at any time may terminate some or all of its obligations and the obligations of the Subsidiary Guarantors under the Notes, the Guarantees and the Indenture if the Issuer irrevocably deposits with the Trustee euro in Euros or European Government Obligations for the payment of principal and interest on the Notes to redemption or maturity, as the case may be.

Appears in 1 contract

Samples: Indenture

Discharge and Defeasance. Subject to certain conditions, the Issuer at any time may terminate some or all of its obligations and the obligations of the Subsidiary Guarantors under the Notes, the Guarantees Notes and the Indenture with respect to the Notes if the Issuer irrevocably deposits with the Trustee cash in euro or euro-denominated European Government Obligations Obligations, or any combination thereof, for the payment of principal of, and interest on and premium, if any, on, the Notes to redemption or maturity, as the case may be.

Appears in 1 contract

Samples: Indenture (Goodyear Tire & Rubber Co /Oh/)

Discharge and Defeasance. Subject to certain conditions, the Issuer at any time may terminate some of or all of its obligations and the obligations of the Subsidiary Guarantors under the Notes, the Guarantees Notes and the Indenture with respect to the Notes if the Issuer irrevocably deposits with the Trustee euro or euro, European Government Obligations Obligations, or any combination thereof, for the payment of principal of, and interest on the Notes to redemption redemption, or maturity, as the case may be.

Appears in 1 contract

Samples: Indenture (Goodyear Tire & Rubber Co /Oh/)

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