Common use of Discharge; Defeasance Clause in Contracts

Discharge; Defeasance. Subject to certain conditions set forth in Article VIII of the Indenture, the Issuer shall be entitled to terminate some or all of its obligations under the Securities and the Indenture if the Issuer deposits with the Trustee cash or U.S. Government Obligations for the payment of principal and interest on the Securities upon redemption or maturity, as the case may be.

Appears in 7 contracts

Samples: Supplemental Indenture (Suzano S.A.), Second Supplemental Indenture (Suzano S.A.), Indenture (Suzano Austria GmbH)

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Discharge; Defeasance. Subject to certain conditions set forth in Article VIII Section 8 of the Indenture, the Issuer shall be entitled to terminate some or all of its obligations under the Securities and the Indenture if the Issuer deposits with the Trustee cash or U.S. Government Obligations for the payment of principal and interest on the Securities upon redemption or maturity, as the case may be.

Appears in 3 contracts

Samples: Indenture (Fibria Celulose S.A.), Indenture (Fibria Celulose S.A.), Indenture (Votorantim Pulp & Paper Inc)

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