Common use of Discharge and Defeasance Clause in Contracts

Discharge and Defeasance. Subject to certain conditions, the Issuer at any time shall be entitled to terminate some or all of its and each Guarantor’s obligations under the Notes, the Guaranties and the Indenture if the Issuer deposits with the Trustee money or U.S. 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 (Cbre Group, Inc.), Fourth Supplemental Indenture (Cbre Group, Inc.), Indenture (Cbre Group, Inc.)

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Discharge and Defeasance. Subject to certain conditions, the Issuer at any time shall be entitled to terminate some or all of its and each Guarantor’s the Guarantors’ obligations under the Notes, the Guaranties Notes and the Indenture if the Issuer deposits with the Trustee money or U.S. 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: Second Supplemental Indenture (Solutia Inc), First Supplemental Indenture (Solutia Inc), Omnova Solutions Inc

Discharge and Defeasance. Subject to certain conditionsconditions set forth in the Indenture, the Issuer Issuers at any time shall be entitled to terminate some or all of its their and each Guarantor’s the Guarantors’ obligations under the Notes, the Guaranties Notes and the Indenture if the Issuer deposits Issuers deposit with the Trustee money or or, in certain cases, U.S. 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: Supplemental Indenture (Momentive Specialty Chemicals Inc.), Indenture (Momentive Specialty Chemicals Inc.), Indenture (Hexion Specialty Chemicals, Inc.)

Discharge and Defeasance. Subject to certain conditions, the Issuer at any time shall be entitled to may terminate some or all of its obligations and each Guarantor’s the obligations of the Guarantors under the Notes, the Guaranties Guarantees and the Indenture if the Issuer irrevocably deposits with the Trustee money dollars or U.S. Government Obligations for the payment of principal and interest on the Notes to redemption or maturityMaturity, as the case may be.

Appears in 3 contracts

Samples: Digicel Group LTD, Digicel Group LTD, Digicel Group LTD

Discharge and Defeasance. Subject to certain conditions, the Issuer at any time shall be entitled to terminate some or all of its and each Guarantor’s obligations under the Notes, the Guaranties Notes and the Indenture if the Issuer irrevocably deposits with the Trustee money or U.S. 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: Supplemental Indenture (Amn Healthcare Services Inc), Supplemental Indenture (Amn Healthcare Services Inc), Supplemental Indenture (Amn Healthcare Services Inc)

Discharge and Defeasance. Subject to certain conditions, the Issuer at any time shall be entitled to may terminate some or all of its obligations and the obligations of the Guarantors under this Note and each Guarantor’s obligations under the Notesother Note, the Guaranties Guarantees and the Indenture if the Issuer irrevocably deposits with the Trustee money Sterling or U.S. U.K. Government Obligations Securities for the payment of principal and interest on the Notes this Note to redemption or maturity, as the case may be.

Appears in 3 contracts

Samples: Indenture (T F Bell Holdings LTD), Indenture (Portishead Insurance Management LTD), Indenture (Townfrost LTD)

Discharge and Defeasance. Subject to certain conditions, the Issuer Issuers at any time shall be entitled to terminate some or all of its and each Guarantor’s their obligations under the Notes, the Guaranties Notes and the Indenture if the Issuer deposits Issuers deposit with the Trustee money or U.S. Government Obligations Securities 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 (Chrysler Group LLC), Indenture (Global Aviation Holdings Inc.)

Discharge and Defeasance. Subject to certain conditions, the Issuer at any time shall be entitled to may terminate some or all of its obligations and each Guarantor’s the obligations of the Guarantors under the Notes, the Guaranties Guarantees and the Indenture if the Issuer irrevocably deposits with the Trustee money U.S. dollars or U.S. Government Obligations 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 (FTS International, Inc.), Indenture (FTS International, Inc.)

Discharge and Defeasance. Subject to certain conditions, the Issuer at any time shall be entitled to may terminate some or all of its obligations and each Guarantor’s the obligations of the Guarantors under the Notes, the Guaranties Guarantees and the Indenture if the Issuer irrevocably deposits with the Trustee money U.S. Dollars or U.S. Government Obligations for the payment of principal and interest on the Notes to redemption or maturity, as the case may be.

Appears in 2 contracts

Samples: Intercreditor Agreement, Arch of Wyoming LLC

Discharge and Defeasance. Subject to certain conditions, the Issuer at any time shall be entitled to terminate some or all of its and each Guarantor’s obligations under the Notes, the Guaranties Notes and the Indenture Indenture, and the obligations of the Guarantors under their Guaranties, if the Issuer deposits with the Trustee money or U.S. Government Obligations for the payment of principal and interest on the Notes to redemption or maturity, as the case may be.

Appears in 2 contracts

Samples: Second Supplemental Indenture (Interline Brands, Inc./De), Interline (Interline Brands, Inc./De)

Discharge and Defeasance. Subject to certain conditionsconditions set forth in the Indenture, the Issuer Issuers at any time shall be entitled to terminate some or all of its their and each Guarantor’s the Guarantors’ obligations under the Notes, the Guaranties Notes and the Indenture if the Issuer deposits Issuers deposit with the Trustee money or or, in certain cases, U.S. Government Obligations for the payment of principal and interest on the Fixed Rate Notes to redemption or maturity, as the case may be.

Appears in 2 contracts

Samples: Supplemental Indenture (Hexion Specialty Chemicals, Inc.), Indenture (Borden Chemical Inc)

Discharge and Defeasance. Subject to certain conditions, the Issuer at any time shall be entitled to terminate some or all of its and each Guarantor’s obligations under the Notes, the Guaranties Guarantees and the Indenture if the Issuer deposits with the Trustee money or U.S. Government Obligations for the payment of principal and interest on the Notes to redemption or maturity, as the case may be.

Appears in 2 contracts

Samples: Supplemental Indenture (Cbre Group, Inc.), Eighth Supplemental Indenture (Cbre Group, Inc.)

Discharge and Defeasance. Subject to certain conditions, the Issuer at any time shall be entitled to may terminate some or all of its obligations and each Guarantor’s the obligations of the Guarantor under the Notes, the Guaranties Guarantee and the Indenture if the Issuer irrevocably deposits with the Trustee money dollars or U.S. Government Obligations for the payment of principal and interest on the Notes to redemption or maturityMaturity, as the case may be.

Appears in 1 contract

Samples: Digicel Pacific LTD

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Discharge and Defeasance. Subject to certain conditions, the Issuer at any time shall be entitled to terminate some or all of its and each Guarantor’s obligations under the Notes, the Guaranties Notes and the Indenture if the Issuer deposits with the Trustee money or U.S. 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: Passu Intercreditor Agreement (Diamond Resorts Parent, LLC)

Discharge and Defeasance. Subject to certain conditions, the Issuer at any time shall be entitled to may terminate some or all of its obligations and the obligations of the Guarantors under this Note and each Guarantor’s obligations under the Notesother Note, the Guaranties Note Guarantees and the Indenture if the Issuer deposits irrevocably deposit with the Trustee money U.S. dollars or U.S. 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 (Royal Caribbean Cruises LTD)

Discharge and Defeasance. Subject to certain conditions, the Issuer at any time shall be entitled to may terminate some or all of its obligations and each Guarantor’s the obligations of the Subsidiary Guarantors under the Notes, the Guaranties Indenture and the Indenture Guarantees if the Issuer irrevocably deposits with the Trustee money U.S. Dollars or U.S. 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: TMM Lines LTD LLC

Discharge and Defeasance. Subject to certain conditions, the Issuer at any time shall be entitled to terminate some or all of its and each Guarantor’s obligations under the Notes, the Guaranties Securities and the Indenture if the Issuer deposits with the Trustee money money, European Government Obligations or U.S. Government Obligations for the payment of principal and interest on the Notes Securities to redemption or maturity, as the case may be.

Appears in 1 contract

Samples: Indenture (GSV Inc /Fl/)

Discharge and Defeasance. Subject to certain conditionsconditions set forth in the Indenture, the Issuer at any time shall be entitled to terminate some or all of its and each Guarantor’s the Guarantors’ obligations under the Notes, the Guaranties Notes Guarantees and the Indenture if the Issuer deposits or causes to be deposited with the Trustee money or U.S. 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 (Capmark Financial Group Inc.)

Discharge and Defeasance. Subject to certain conditionsconditions set forth in the Indenture, the Issuer at any time shall be entitled to terminate some or all of its and each Guarantor’s the Guarantors’ obligations under the Notes, the Guaranties Notes and the Indenture if the Issuer deposits deposit with the Trustee sufficient money or or, in certain cases, U.S. 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 (Affinion Group, Inc.)

Discharge and Defeasance. Subject to certain conditions, the Issuer Issuers at any time shall be entitled to terminate some or all of its the Issuers’ and each Guarantor’s Subsidiary Guarantors’ obligations under the NotesSecurities, the Guaranties Subsidiary Guarantees and the Indenture if the Issuer deposits Issuers deposit with the Trustee money or U.S. Government Obligations for the payment of principal and interest on the Notes Securities to redemption or maturity, as the case may be.

Appears in 1 contract

Samples: EnergySolutions, Inc.

Discharge and Defeasance. Subject to certain conditions, the Issuer Issuers and the Subsidiary Guarantors at any time shall be entitled to terminate some or all of its and each Guarantor’s obligations under the Notes, the Guaranties Subsidiary Guarantees, the Indenture, the Security Documents and the Indenture Intercreditor Agreement if the Issuer deposits Issuers deposit with the Trustee money or U.S. 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: Associated Materials, LLC

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