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

Discharge of Liability on Securities; Defeasance. (a) When (i) the Company delivers to the Trustee all outstanding Securities (other than Securities replaced pursuant to Section 2.09) for cancellation or (ii) all outstanding Securities have become due and payable and the Company irrevocably deposits with the Trustee funds sufficient to pay at maturity all outstanding Securities, including interest thereon (other than Securities replaced pursuant to Section 2.09), and if in either case the Company pays all other sums payable hereunder by the 38 PAGE 37 Company, then this Indenture shall, subject to Section 7.01(c), cease to be of further effect. The Trustee shall acknowledge satisfaction and discharge of this Indenture on demand of the Company accompanied by an Officers' Certificate and an Opinion of Counsel.

Discharge of Liability on Securities; Defeasance. (a) When (i) the Company Corporation delivers to the Trustee all outstanding Securities (other than Securities replaced pursuant to Section 2.09) for cancellation or (ii) all outstanding Securities have become due and payable or will become due and payable at their Stated Maturity within one year and the Company Corporation irrevocably deposits with the Trustee funds sufficient to pay at maturity or upon redemption all outstanding Securities, including interest thereon (other than Securities replaced pursuant to Section 2.09)thereon, and if in either case the Company Corporation pays all other sums payable hereunder by the 38 PAGE 37 CompanyCorporation, then this Indenture shall, subject to Section 7.01(cSections 9.0l(c), 9.02 and 9.06, cease to be of further effect. The Trustee shall acknowledge satisfaction and discharge of this Indenture on demand of the Company Corporation accompanied by an Officers' ’ Certificate and an Opinion of CounselCounsel and at the cost and expense of the Corporation.

Discharge of Liability on Securities; Defeasance. (a) When (i1) the Company delivers to the Trustee all outstanding Securities (other than Securities replaced pursuant to Section 2.092.08) for cancellation or (ii2) all outstanding Securities have become due and payable and the Company irrevocably deposits with the Trustee funds sufficient to pay at maturity all outstanding principal and other amounts, if any, payable on the Securities, including interest thereon to maturity (other than Securities replaced pursuant to Section 2.092.08), and if in either case the Company pays all other sums payable hereunder by the 38 PAGE 37 Company, then this Indenture shall, subject to Section 7.01(c8.01(c), cease to be of further effect. The Trustee shall acknowledge satisfaction and discharge of this Indenture on demand of the Company accompanied by an Officers' ’ Certificate and an Opinion of CounselCounsel and at the cost and expense of the Company.

Discharge of Liability on Securities; Defeasance. (a) When (i) the Company delivers to the Trustee all outstanding Securities (other than Securities replaced pursuant to Section 2.092.07) for cancellation or (ii) all outstanding Securities have become due and payable and the Company irrevocably deposits with the Trustee funds sufficient to pay at maturity all outstanding Securities, including interest thereon (other than Securities replaced pursuant to Section 2.092.07), and if in either case the Company pays all other sums payable hereunder by the 38 PAGE 37 Company, then this Indenture shall, subject to Section 7.01(c)Sections 8.01(c) and 8.06, cease to be of further effect. The Trustee shall acknowledge satisfaction and discharge of this Indenture on demand of the Company accompanied by an Officers' Certificate and an Opinion of CounselCounsel and at the cost and expense of the Company.

Discharge of Liability on Securities; Defeasance. (a) When (i) the Company delivers to the Trustee all outstanding Securities (other than Securities replaced pursuant to Section 2.092.07) for cancellation cancelation or (ii) all outstanding Securities have become due and payable at maturity and the Company irrevocably deposits with the Trustee funds sufficient to pay at maturity all outstanding Securities, including interest thereon to maturity (other than Securities replaced pursuant to Section 2.092.07), and if in either case the Company pays all other sums payable hereunder by the 38 PAGE 37 Company, then this Indenture shall, subject to Section 7.01(cSections 8.01(c), cease to be of further effect. The Trustee shall acknowledge satisfaction and discharge of this Indenture on demand of the Company accompanied by an Officers' Certificate and an Opinion of CounselCounsel and at the cost and expense of the Company.

Discharge of Liability on Securities; Defeasance. (a) When (i) the Company Corporation delivers to the Trustee all outstanding Securities (other than Securities replaced pursuant to Section 2.092.08) for cancellation or (ii) all 634606.8 57 outstanding Securities have become due and payable and the Company Corporation irrevocably deposits with the Trustee funds sufficient to pay at maturity or upon redemption all outstanding Securities, Securities including interest thereon if any (other than Securities replaced pursuant to Section 2.092.08), and if in either case the Company Corporation pays all other sums payable hereunder by the 38 PAGE 37 CompanyCorporation, then this Indenture shall, subject to Section 7.01(c)Sections 8.01(c) and 8.06, cease to be of further effect. The Trustee shall acknowledge satisfaction and discharge of this Indenture on demand of the Company Corporation accompanied by an Officers' Certificate and an Opinion of CounselCounsel and at the cost and expense of the Corporation.

Discharge of Liability on Securities; Defeasance. (a) When (i) the Company delivers to the Trustee all outstanding Securities (other than Securities replaced pursuant to Section 2.092.8) for cancellation or (ii) all outstanding Securities have become due and payable and the Company irrevocably deposits with the Trustee funds sufficient to pay at maturity all outstanding Securities, including interest thereon (other than Securities replaced pursuant to Section 2.092.8), and if in either case the Company pays all other sums payable hereunder by the 38 PAGE 37 Company, then this Indenture shall, subject to Section 7.01(c)Sections 8.1(c) and 8.6, cease to be of further effect. The Trustee shall acknowledge satisfaction and discharge of this Indenture on demand of the Company accompanied by an Officers' Certificate and an Opinion of CounselCounsel and at the cost and expense of the Company.

Discharge of Liability on Securities; Defeasance. (a) When (i) the Company delivers to the Trustee all outstanding Securities (other than Securities replaced pursuant to Section 2.09) for cancellation or (ii) all outstanding Securities have become due and payable and the Company irrevocably deposits with the Trustee funds sufficient to pay at maturity all outstanding Securities, including interest thereon (other than Securities replaced pursuant to Section 2.09), and if in either case the Company pays all other sums payable hereunder by the 38 PAGE 37 Company, then this Indenture shall, subject to Section 7.01(c), cease to be of further effect. The Trustee shall acknowledge satisfaction and discharge of this Indenture on demand of the Company accompanied by an Officers' Certificate and an Opinion of Counsel.