Common use of Discharge; Defeasance Clause in Contracts

Discharge; Defeasance. Subject to certain conditions, the Company at any time may terminate certain or all of its Obligations under the Notes and the Indenture if the Company deposits with the Trustee money, U.S. Government Obligations or a combination thereof sufficient to pay and discharge each installment of principal of, premium, if any, and interest on the Notes on the dates such installments of interest or principal and premium are due. The Company may also satisfy and discharge the Indenture by delivering to the Trustee for cancellation all Notes that have theretofore been authenticated and delivered, subject to certain conditions.

Appears in 14 contracts

Samples: Supplemental Indenture (Norfolk Southern Corp), Eleventh Supplemental Indenture (Norfolk Southern Corp), Tenth Supplemental Indenture (Norfolk Southern Corp)

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