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 OR COVENANT DEFEASANCE. This Indenture shall cease to be of further effect (except that DIMAC Holdings's 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 Notes theretofore authenticated and issued have been delivered (other than destroyed, lost or stolen Notes that have been replaced or paid) to the Trustee for cancellation and DIMAC Holdings has paid all sums payable hereunder. In addition, DIMAC Holdings may elect at any time to have Section 8.2 or Section 8.3, at DIMAC Holdings's option, of this Indenture applied to all outstanding Notes upon compliance with the conditions set forth below in this Article VIII.

DISCHARGE; LEGAL DEFEASANCE AND COVENANT DEFEASANCE. Section SECTION 8.1 DISCHARGE; OPTION TO EFFECT LEGAL DEFEASANCE OR COVENANT DEFEASANCE. This Indenture shall cease to be of further effect (except that DIMAC Holdings's the Issuers' and the Subsidiary 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 Notes theretofore authenticated and issued have been delivered (other than destroyed, lost or stolen Notes that have been replaced or paid) to the Trustee for cancellation and DIMAC Holdings has the Issuers or the Subsidiary Guarantors have paid all sums payable hereunder. In addition, DIMAC Holdings the Issuers may elect at any time to have Section 8.2 or Section 8.3, at DIMAC Holdings's the Issuers' option, of this Indenture applied to all outstanding Notes upon compliance with the conditions set forth below in this Article VIII.

DISCHARGE; LEGAL DEFEASANCE AND COVENANT DEFEASANCE. Section 8.1 DISCHARGEDischarge; OPTION TO EFFECT LEGAL OR COVENANT DEFEASANCEOption to Effect Legal Defeasance or Covenant Defeasance. This Indenture shall cease to be of further effect (except that DIMAC Holdings's the Issuers' and the Subsidiary 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 Notes theretofore authenticated and issued have been delivered (other than destroyed, lost or stolen Notes that have been replaced or paid) to the Trustee for cancellation and DIMAC Holdings has the Issuers or the Subsidiary Guarantors have paid all sums payable hereunder. In addition, DIMAC Holdings the Issuers may elect at any time to have Section 8.2 or Section 8.3, at DIMAC Holdings's the Issuers' option, of this Indenture applied to all outstanding Notes upon compliance with the conditions set forth below in this Article VIII8.