Common use of DISCHARGE; LEGAL DEFEASANCE AND COVENANT DEFEASANCE Clause in Contracts

DISCHARGE; LEGAL DEFEASANCE AND COVENANT DEFEASANCE. SECTION 8.1. DISCHARGE; OPTION TO EFFECT LEGAL DEFEASANCE OR COVENANT DEFEASANCE. This Indenture shall cease to be of further effect (except that the Company's and the Guarantors' obligations under Section 7.7 and the Trustee's and the Paying Agent's obligations under Sections 8.6 and 8.7 shall survive) when all outstanding Securities theretofore authenticated and issued have been delivered (other than destroyed, lost or stolen Securities that have been replaced or paid) to the Trustee for cancellation and the Company or the Guarantors have paid all sums payable hereunder. In addition, the Company may elect to have Section 8.2, at the Company's option and at any time within one year of the Maturity Date of the Securities, or Section 8.3, at the Company's option at any time, of this Indenture applied to all outstanding Securities upon compliance with the conditions set forth below in this Article VIII.

Appears in 2 contracts

Samples: Tia Indenture (Wichita Manufacturing Inc), Tia Indenture (Sun Healthcare Group Inc)

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DISCHARGE; LEGAL DEFEASANCE AND COVENANT DEFEASANCE. SECTION 8.1. DISCHARGE; OPTION TO EFFECT LEGAL DEFEASANCE OR COVENANT DEFEASANCE. This Indenture shall cease to be of further effect (except that the Company's and the Guarantors' obligations under Section 7.7 and the Trustee's and the Paying Agent's obligations under Sections 8.6 and 8.7 shall survive) when all outstanding Securities theretofore authenticated and issued have been delivered (other than destroyed, lost or stolen Securities that have been replaced or paid) to the Trustee for cancellation and the Company or the Guarantors have paid all sums payable hereunder. In addition, the Company may may, at its option and at any time, elect to have Section 8.28.2 or may, at the Company's option and at any time within one year of the Maturity Date of the Securities, or Section 8.3, at the Company's option at any time, of this Indenture elect to have Section 8.3 applied to all outstanding Securities upon compliance with the conditions set forth below in this Article VIII.

Appears in 1 contract

Samples: Noble Broadcast Group Inc /Oh/

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DISCHARGE; LEGAL DEFEASANCE AND COVENANT DEFEASANCE. SECTION 8.19.1. DISCHARGE; OPTION TO EFFECT LEGAL DEFEASANCE OR COVENANT DEFEASANCE. This Indenture shall cease to be of further effect (except that the Company's and the Guarantors' obligations under Section 7.7 8.7 and the Trustee's and the Paying Agent's obligations under Sections 8.6 9.6 and 8.7 9.7 shall survive) when all outstanding Securities theretofore authenticated and issued have been delivered (other than destroyed, lost or stolen Securities that have been replaced or paid) to the Trustee for cancellation and the Company or the Guarantors have paid all sums payable hereunder. In addition, the Company may may, at its option and at any time, elect to have Section 8.29.2 or may, at the Company's option and at any time within one year of the Maturity Date of the Securities, or Section 8.3, at the Company's option at any time, of this Indenture elect to have Section 9.3 applied to all outstanding Securities upon compliance with the conditions set forth below in this Article VIIIIX.

Appears in 1 contract

Samples: Indenture (Efm Programming Inc)

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