Common use of Discharge; Defeasance Clause in Contracts

Discharge; Defeasance. The Company’s obligations pursuant to the Indenture will be discharged, except for obligations pursuant to certain sections thereof, subject to the terms of the Indenture, upon the payment of all the Notes or upon the irrevocable deposit with the Trustee of United States dollars or Government Obligations sufficient to pay when due principal of and interest on the Notes to maturity or redemption. The Indenture contains provisions for defeasance at any time of (a) the entire indebtedness of the Company on this Note and (b) certain restrictive covenants and the related Events of Default, upon compliance by the Company with certain conditions set forth therein, which provisions apply to this Note.

Appears in 4 contracts

Samples: First Supplemental Indenture (Teledyne Technologies Inc), Supplemental Indenture (Flir Systems Inc), Fourth Supplemental Indenture (Flir Systems Inc)

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