Common use of Discharge of Liability on Securities; Defeasance Clause in Contracts

Discharge of Liability on Securities; Defeasance. (a) When (i) the Issuers deliver to the Trustee all outstanding Securities (other than Securities replaced pursuant to Section 2.07) for cancelation or (ii) all outstanding Securities have become due and payable, whether at maturity or as a result of the mailing of a notice of redemption pursuant to Article III hereof and the Issuers irrevocably deposit with the Trustee funds or U.S. Government Obligations on which payment of principal and interest when due will be sufficient to pay at maturity or upon redemption all outstanding Securities, including interest thereon to maturity or such redemption date (other than Securities replaced pursuant to Section 2.07), and if in either case the Issuers pay all other sums payable hereunder by the Issuers, then this Indenture shall, subject to Section 8.01(c), cease to be of further effect. The Trustee shall acknowledge satisfaction and discharge of this Indenture on demand of the Issuers accompanied by an Officers' Certificate and an Opinion of Counsel and at the cost and expense of the Issuers.

Discharge of Liability on Securities; Defeasance. (a) When (i1) the Issuers deliver Company delivers to the Trustee all outstanding Securities (other than Securities replaced pursuant to Section 2.07) for cancelation cancellation or (ii2) all outstanding Securities have become due and payable, whether at maturity or on a redemption date as a result of the mailing of a notice of redemption pursuant to Article III 3 hereof or will become due and payable within one year and the Issuers Company irrevocably deposit deposits with the Trustee funds or U.S. Government Obligations on which payment of principal and interest when due will be sufficient to pay at maturity or upon redemption all outstanding Securities, including interest thereon to maturity or such redemption date (other than Securities replaced pursuant to Section 2.07), and if in either case the Issuers pay Company pays all other sums payable hereunder by the IssuersCompany, then this Indenture shall, subject to Section 8.01(c), be satisfied and discharged and cease to be of further effect. The Trustee shall acknowledge satisfaction and discharge of this Indenture on demand of the Issuers Company accompanied by an Officers' Certificate and an Opinion of Counsel and at the cost and expense of the Issuers.Company. 84

Discharge of Liability on Securities; Defeasance. (a) ------------------------------------------------ When (i) the Issuers deliver Company delivers to the Trustee all outstanding Securities (other than Securities replaced pursuant to Section 2.07) for cancelation or (ii) all outstanding Securities have become due and payable, whether at maturity or as a result of the mailing of a notice of redemption pursuant to Article III hereof 3, and the Issuers Company irrevocably deposit deposits with the Trustee funds or U.S. Government Obligations on which payment of principal and interest when due will be sufficient to pay at maturity or upon redemption all outstanding Securities, including interest thereon to maturity or such redemption date (other than Securities replaced pursuant to Section 2.07), and if in either case the Issuers pay Company pays all other sums payable hereunder by the IssuersCompany, then this Indenture shall, subject to Section 8.01(c), cease to be of further effect. The Trustee shall acknowledge satisfaction and discharge of this Indenture on demand of the Issuers Company accompanied by an Officers' Certificate and an Opinion of Counsel and at the cost and expense of the IssuersCompany.

Discharge of Liability on Securities; Defeasance. (a) When (i) the Issuers deliver Company delivers to the Trustee all outstanding Securities (other than Securities Securities) replaced pursuant to Section 2.07) for cancelation or (ii) all outstanding Securities have become due and payable, whether at maturity or as a result of the mailing of a notice of redemption pursuant to Article III 3 hereof and the Issuers Company irrevocably deposit deposits with the Trustee funds or U.S. Government Obligations on which payment of principal and interest when due will be sufficient to pay at maturity or upon redemption all outstanding Securities, including interest thereon to maturity or upon redemption all outstanding Securities, including interest thereon to maturity or such redemption date (other than Securities replaced pursuant to Section 2.07), and if in either case the Issuers pay Company pays all other sums payable hereunder by the IssuersCompany, then this Indenture shall, subject to Section Sections 8.01(c), cease to be of further effect. The Trustee shall acknowledge satisfaction and discharge of this Indenture on demand of the Issuers Company accompanied by an Officers' Certificate and an Opinion of Counsel and at the cost and expense of the IssuersCompany.

Discharge of Liability on Securities; Defeasance. (a) When (i) the Issuers deliver Company delivers to the Trustee all outstanding Securities (other than Securities replaced pursuant to Section 2.07) for cancelation or (ii) all outstanding Securities have become 84 76 due and payable, whether payable at maturity or as a result of the mailing of a notice of redemption has been mailed pursuant to Article III hereof and the Issuers Company irrevocably deposit deposits with the Trustee funds or U.S. Government Obligations on which payment of principal and interest when due will be sufficient to pay at maturity or upon redemption all outstanding Securities, including interest thereon to maturity or such redemption date (other than Securities replaced pursuant to Section 2.07), and if in either case the Issuers pay Company pays all other sums payable hereunder by the IssuersCompany, then this Indenture shall, subject to Section 8.01(c), cease to be of further effect. The Trustee shall acknowledge satisfaction and discharge of this Indenture on demand of the Issuers Company accompanied by an Officers' Certificate and an Opinion of Counsel and at the cost and expense of the IssuersCompany.

Discharge of Liability on Securities; Defeasance. (a) When (i1) the Issuers deliver Company delivers, or causes or procures to be delivered, to the Trustee all outstanding Securities (other than Securities replaced pursuant to Section 2.07) for cancelation or (ii2) all outstanding Securities have become due and payable, whether at maturity or on a redemption date as a result of the mailing of a notice of redemption pursuant to Article III 3 hereof and and, in the Issuers case of clause (2), the Company irrevocably deposit deposits with the Trustee funds or U.S. Government Obligations on which payment of principal and interest when due will be sufficient to pay at maturity or upon redemption all outstanding Securities, including interest thereon to maturity or such redemption date (other than Securities replaced pursuant to Section 2.07), and if in either case the Issuers pay Company pays all other sums payable hereunder by the IssuersCompany, then this Indenture shall, subject to Section 8.01(c), cease to be of further effect. The Trustee shall acknowledge satisfaction and discharge of this Indenture on demand of the Issuers Company accompanied by an Officers' Officer’s Certificate and an Opinion of Counsel in compliance with Section 8.02 and at the cost and expense of the IssuersCompany.

Discharge of Liability on Securities; Defeasance. (a) When (i) the Issuers deliver Issuer delivers to the Trustee all outstanding Securities (other than Securities replaced pursuant to Section 2.07) for cancelation or (ii) all outstanding Securities have become due and payable, whether at maturity or as a result of the mailing of a notice of redemption pursuant to Article III hereof hereof, and the Issuers Issuer irrevocably deposit deposits with the Trustee funds or U.S. Government Obligations on which payment of principal and interest when due will be sufficient to pay at maturity or upon redemption all outstanding Securities, including interest thereon to maturity or such redemption date (other than Securities replaced pursuant to Section 2.07), and if in either case the Issuers pay Issuer pays all other sums payable hereunder by the IssuersIssuer, then this Indenture shall, subject to Section 8.01(c), cease to be of further effect. The Trustee shall acknowledge satisfaction and discharge of this Indenture on demand of the Issuers Issuer accompanied by an Officers' Certificate and an Opinion of Counsel and at the cost and expense of the IssuersIssuer.

Discharge of Liability on Securities; Defeasance. (a) When (i) the Issuers deliver Company delivers to the Trustee all outstanding Securities (other than Securities replaced pursuant to Section 2.07) for cancelation or (ii) all outstanding Securities have become due and payable, whether at maturity or as a result of the mailing of a notice of redemption pursuant to Article III 3 hereof and the Issuers Company irrevocably deposit deposits with the Trustee funds or U.S. Government Obligations on which payment of principal and interest when due will be sufficient to pay at maturity or upon redemption all outstanding Securities, including interest thereon to maturity or such redemption date (other than Securities replaced pursuant to Section 2.07), and if in either case the Issuers pay Company pays all other sums payable hereunder by the IssuersCompany, then this Indenture shall, subject to Section 8.01(c), cease to be of further effect. The Trustee shall acknowledge satisfaction and discharge of this Indenture on demand of the Issuers Company accompanied by an Officers' Certificate and an Opinion of Counsel that the conditions precedent to satisfaction and discharge have been satisfied (provided that the Opinion of Counsel will not be required to cover compliance with any financial tests or financial covenants) and at the cost and expense of the IssuersCompany.

Discharge of Liability on Securities; Defeasance. (a) When (i) the Issuers deliver Company delivers to the Trustee all outstanding Securities (other than Securities replaced pursuant to Section 2.07) for cancelation or (ii) all outstanding Securities have become due and payable, whether at maturity or as a result of the mailing of a notice of redemption pursuant to Article III hereof and the Issuers Company irrevocably deposit deposits with the Trustee funds or U.S. Government Obligations on which payment of principal and interest when due will shall be sufficient to pay at maturity or upon redemption all outstanding Securities, including interest thereon to maturity or such redemption date (other than Securities replaced pursuant to Section 2.07), and if in either case the Issuers pay Company pays all other sums payable hereunder by the IssuersCompany, then this Indenture shall, subject to Section 8.01(c), cease to be of further effect. The Trustee shall acknowledge satisfaction and discharge of this Indenture on demand of the Issuers Company accompanied by an Officers' Certificate and an Opinion of Counsel and at the cost and expense of the IssuersCompany.

Discharge of Liability on Securities; Defeasance. (a) When (i) the Issuers deliver Holdings delivers to the Trustee all outstanding Securities (other than Securities replaced pursuant to Section 2.07) for cancelation cancellation or (ii) all outstanding Securities have become due and payable, whether at maturity or as a result of the mailing of a notice of redemption pursuant to Article III hereof hereof, and the Issuers Holdings irrevocably deposit deposits with the Trustee funds or U.S. Government Obligations on which payment of principal and interest when due will be sufficient to pay at maturity or upon redemption all outstanding Securities, including Accreted Value or interest thereon to maturity or such redemption date (other than Securities replaced pursuant to Section 2.07), and if in either case the Issuers pay Holdings pays all other sums payable hereunder by the IssuersHoldings, then this Indenture shall, subject to Section 8.01(c), cease to be of further effect. The Trustee shall acknowledge satisfaction and discharge of this Indenture on demand of the Issuers Holdings accompanied by an Officers' Certificate and an Opinion of Counsel and at the cost and expense of the IssuersHoldings.

Discharge of Liability on Securities; Defeasance. (a) When (i) the Issuers deliver Company delivers to the Trustee all outstanding Securities (other than Securities replaced pursuant to Section 2.072.08) for cancelation or (ii) all outstanding Securities have become due and payable, whether at maturity or as a result of the mailing of a notice of redemption pursuant to Article III hereof 3 hereof, and the Issuers Company irrevocably deposit deposits with the Trustee funds or U.S. Government Obligations on which payment of principal and interest when due will be sufficient to pay at maturity or upon redemption all outstanding Securities, including interest thereon to maturity or such redemption date (other than Securities replaced pursuant to Section 2.072.08), and if in either case the Issuers pay Company pays all other sums payable hereunder by the IssuersCompany, then this Indenture shall, subject to Section 8.01(c), cease to be of further effect. The Trustee shall acknowledge satisfaction and discharge of this Indenture on demand of the Issuers Company accompanied by an Officers' Certificate and an Opinion of Counsel and at the cost and expense of the IssuersCompany.

Discharge of Liability on Securities; Defeasance. (a) When (i) the Issuers deliver to the Trustee all outstanding Securities (other than Securities replaced pursuant to Section 2.072.08) for cancelation or (ii) all outstanding Securities have become due and payable, whether at maturity or as a result of the mailing of a notice of redemption pursuant to Article III 3 hereof and the Issuers irrevocably deposit with the Trustee funds or U.S. Government Obligations on which payment of principal and interest when due will be sufficient to pay at maturity or upon redemption all outstanding Securities, including interest thereon to maturity or such redemption date (other than Securities replaced pursuant to Section 2.072.08), and if in either case the Issuers pay all other sums payable hereunder by the Issuers, then this Indenture shall, subject to Section 8.01(c), cease to be of further effect. The Trustee shall acknowledge satisfaction and discharge of this Indenture on demand of the Issuers accompanied by an Officers' Certificate of each Issuer and an Opinion of Counsel and at the cost and expense of the Issuers.

Discharge of Liability on Securities; Defeasance. (a) When (i) the Issuers deliver Company delivers to the Trustee all outstanding Securities (other than Securities replaced pursuant to Section 2.07) for cancelation cancellation or (ii) all outstanding Securities have become due and payable, whether at maturity or as a result of the mailing of a notice of redemption pursuant to Article III 3 hereof and the Issuers Company irrevocably deposit deposits with the Trustee funds or U.S. Government Obligations on which payment of principal and interest when due will shall be sufficient to pay at maturity or upon redemption all outstanding Securities, including interest thereon to maturity or such redemption date (other than Securities replaced pursuant to Section 2.07), and if in either case the Issuers pay Company pays all other sums payable hereunder by the IssuersCompany, then this Indenture shall, subject to Section 8.01(c), cease to be of further effect. The Trustee shall acknowledge satisfaction and discharge of this Indenture on demand of the Issuers Company accompanied by an Officers' Certificate and an Opinion of Counsel and at the cost and expense of the IssuersCompany.

Discharge of Liability on Securities; Defeasance. (a) When (i) the Issuers deliver Company delivers to the Trustee all outstanding Securities (other than Securities replaced pursuant to Section 2.07) for cancelation cancellation or (ii) all outstanding Securities have become due and payable, whether at maturity or as a result of the mailing of a notice of redemption pursuant to Article III 3 hereof and the Issuers Company irrevocably deposit deposits with the Trustee funds or U.S. Government Obligations on which payment of principal principal, premium (if any) and interest when due will be sufficient to pay at maturity or upon redemption all outstanding Securities, including interest thereon to maturity or such redemption date (other than Securities replaced pursuant to Section 2.07), and if in either case the Issuers pay Company pays all other sums payable hereunder by the IssuersCompany, then this Indenture shall, subject to Section 8.01(c), cease to be of further effect. The Trustee shall acknowledge satisfaction and discharge of this Indenture on demand of the Issuers Company accompanied by an Officers' Certificate and an Opinion of Counsel and at the cost and expense of the IssuersCompany.

Discharge of Liability on Securities; Defeasance. (a) When (i) the Issuers deliver Company delivers to the Trustee all outstanding Securities (other than Securities replaced pursuant to Section 2.07) for cancelation or (ii) all outstanding Securities have become due and payable, whether at maturity or as a result of the mailing giving of a notice of redemption pursuant to Article III 3 hereof and the Issuers Company irrevocably deposit deposits with the Trustee funds or U.S. Government Obligations on which payment of principal and interest when due will shall be sufficient to pay at maturity or upon redemption all outstanding Securities, including interest thereon and Additional Amounts, if any, to maturity or such redemption date (other than Securities replaced pursuant to Section 2.07), and if in either case the Issuers pay Company pays all other sums payable hereunder by the IssuersCompany, then this Indenture shall, subject to Section 8.01(c), cease to be of further effect. The Trustee shall acknowledge satisfaction and discharge of this Indenture on demand of the Issuers Company accompanied by an Officers' Certificate and an Opinion of Counsel and at the cost and expense of the IssuersCompany.

Discharge of Liability on Securities; Defeasance. (a) When (i) the Issuers deliver Company delivers to the Trustee all outstanding Securities (other than Securities replaced pursuant to Section 2.072.08) for cancelation or (ii) all outstanding Securities have become due and payable, whether at maturity or as a result of the mailing of a notice of redemption pursuant to Article III 3 hereof and the Issuers Company irrevocably deposit deposits with the Trustee funds or U.S. Government Obligations on which payment of principal and interest when due will shall be sufficient to pay at maturity or upon redemption all outstanding Securities, including interest thereon to maturity or such redemption date (other than Securities replaced pursuant to Section 2.072.08), and if in either case the Issuers pay Company pays all other sums payable hereunder by the IssuersCompany, then this Indenture shall, subject to Section 8.01(c), cease to be of further effect. The Trustee shall acknowledge acknow ledge satisfaction and discharge of this Indenture on demand of the Issuers Company accompanied by an Officers' Certificate and an Opinion of Counsel and at the cost and expense of the IssuersCompany.

Discharge of Liability on Securities; Defeasance. (a) When (i) the Issuers deliver Company delivers to the Trustee all outstanding Securities (other than Securities replaced pursuant to Section 2.07) for cancelation or (ii) all outstanding Securities have become due and payable, whether at maturity or as a result of the mailing of a notice of redemption pursuant to Article III hereof hereof, and the Issuers Company irrevocably deposit deposits with the Trustee funds or U.S. Government Obligations on which payment of principal and interest when due will be sufficient to pay at maturity or upon redemption all outstanding Securities, including interest thereon to maturity or such redemption date (other than Securities replaced pursuant to Section 2.07), and if in either case the Issuers pay Company pays all other sums payable hereunder by the IssuersCompany, then this Indenture shall, subject to Section 8.01(c), cease to be of further effect. The Trustee shall acknowledge satisfaction and discharge of this Indenture on demand of the Issuers Company accompanied by an Officers' Certificate and an Opinion of Counsel and at the cost and expense of the IssuersCompany.

Discharge of Liability on Securities; Defeasance. (a) ------------------------------------------------- When (i) the Issuers deliver Company delivers to the Trustee all outstanding Securities (other than Securities replaced pursuant to Section 2.07) for cancelation cancellation or (ii) all outstanding Securities have become due and payable, whether at maturity or as a result of the mailing of a notice of redemption pursuant to Article III 3 hereof and the Issuers Company irrevocably deposit deposits with the Trustee funds or U.S. Government Obligations on which payment of principal and interest when due will be sufficient to pay at maturity or upon redemption all outstanding Securities, including interest thereon to maturity or such redemption date (other than Securities replaced pursuant to Section 2.07), and if in either case the Issuers pay Company pays all other sums payable hereunder by the IssuersCompany, then this Indenture shall, subject to Section 8.01(c), cease to be of further effect. The Trustee shall acknowledge satisfaction and discharge of this Indenture on demand of the Issuers Company accompanied by an Officers' Officer's Certificate and an Opinion of Counsel and at the cost and expense of the IssuersCompany.

Discharge of Liability on Securities; Defeasance. (a) When (i1) the Issuers deliver Company delivers to the Trustee all outstanding Securities (other than Securities replaced pursuant to Section 2.07) for cancelation cancellation or (ii2) all outstanding Securities have become due and payable, whether at maturity or on a redemption date as a result of the mailing of a notice of redemption pursuant to Article III hereof 3 hereof, or will become due and payable within one year, and, in the Issuers case of this clause (2), the Company irrevocably deposit deposits with the Trustee funds or U.S. Government Obligations on which payment of principal and interest when due will be sufficient to pay at maturity or upon redemption all outstanding Securities, including interest thereon to maturity or such redemption date (other than Securities replaced pursuant to Section 2.07), and if if, in either case case, the Issuers pay Company pays all other sums payable hereunder by the IssuersCompany, then this Indenture shall, subject to Section 8.01(c), cease to be of further effect. The Trustee shall acknowledge satisfaction and discharge of this Indenture on demand of the Issuers Company accompanied by an Officers' ’ Certificate and an Opinion of Counsel and at the cost and expense of the IssuersCompany.

Discharge of Liability on Securities; Defeasance. (a) When (i) the Issuers deliver to the Trustee all outstanding Securities (other than Securities replaced pursuant to Section 2.07) for cancelation cancellation or (ii) all outstanding Securities have become due and payable, whether at maturity or as a result of the mailing of a notice of redemption pursuant to Article III hereof and the Issuers irrevocably deposit with the Trustee funds or U.S. Government Obligations on which payment of principal and interest when due will be sufficient to pay at maturity or upon redemption all outstanding Securities, including interest thereon to maturity or such redemption date (other than Securities replaced pursuant to Section 2.07), and if in either case the Issuers pay all other sums payable hereunder by the Issuers, then this Indenture shall, subject to Section 8.01(c), cease to be of further effect. The Trustee shall acknowledge satisfaction and discharge of this Indenture on demand of the Issuers accompanied by an Officers' Certificate and an Opinion of Counsel and at the cost and expense of the Issuers.

Discharge of Liability on Securities; Defeasance. (a) ------------------------------------------------- When (i) the Issuers deliver Company delivers to the Trustee all outstanding Securities (other than Securities replaced pursuant to Section 2.07) for cancelation or (ii) all outstanding Securities have become due and payable, whether at maturity or as a result of the mailing of a notice of redemption pursuant to Article III 3 hereof and the Issuers Company irrevocably deposit deposits with the Trustee funds money or U.S. Government Obligations on which payment of principal and interest when due will be sufficient to pay at maturity or upon redemption all outstanding Securities, including interest thereon to maturity or such redemption date (other than Securities replaced pursuant to Section 2.07), and if in either case the Issuers pay Company pays all other sums payable hereunder by the IssuersCompany, then this Indenture shall, subject to Section 8.01(c7.01(c), cease to be of further effect. The Trustee shall acknowledge satisfaction and discharge of this Indenture on demand of the Issuers Company accompanied by an Officers' Certificate and an Opinion of Counsel and at the cost and expense of the IssuersCompany.

Discharge of Liability on Securities; Defeasance. (a) When (i) the Issuers deliver Company delivers to the Trustee all outstanding Securities (other than Securities replaced pursuant to Section 2.072.7) for cancelation cancellation or (ii) all outstanding Securities have become due and payable, whether at maturity or as a result of the mailing of a notice of redemption pursuant to Article III 3 hereof and the Issuers Company irrevocably deposit deposits with the 106 97 Trustee funds or U.S. Government Obligations on which payment of principal and interest when due will be sufficient to pay at maturity or upon redemption all outstanding Securities, including interest thereon to maturity or such redemption date (other than Securities replaced pursuant to Section 2.072.7), and if in either case the Issuers pay Company pays all other sums payable hereunder by the IssuersCompany, then this Indenture shall, subject to Section 8.01(c8.1(c), cease to be of further effect. The Trustee shall acknowledge satisfaction and discharge of this Indenture on demand of the Issuers Company accompanied by an Officers' Officer's Certificate and an Opinion of Counsel and at the cost and expense of the IssuersCompany.

Discharge of Liability on Securities; Defeasance. (a) When (i) the Issuers deliver Company delivers to the Trustee all outstanding Securities (other than Securities replaced pursuant to Section 2.072.9) for cancelation cancellation or (ii) all outstanding Securities have become due and payable, whether at maturity or as a result of the mailing of a notice of redemption pursuant to Article III 3 hereof and the Issuers Company irrevocably deposit deposits with the Trustee funds or U.S. Government Obligations on which payment of principal and interest when due will be sufficient to pay at maturity or upon redemption all outstanding Securities, including interest thereon to maturity or such redemption date (other than Securities replaced pursuant to Section 2.072.9), and if in either case the Issuers pay Company pays all other sums payable hereunder by the IssuersCompany, then this Indenture shall, subject to Section 8.01(c8.1(c), cease to be of further effect. The Trustee shall acknowledge satisfaction and discharge of this Indenture on demand of the Issuers Company accompanied by an Officers' Officer's Certificate and an Opinion of Counsel and at the cost and expense of the IssuersCompany.