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 3 hereof and the Issuers irrevocably deposit with the Trustee

Discharge of Liability on Securities; Defeasance. When (a) When ) (i) the Issuers deliver Company delivers to the Trustee all outstanding Securities (other than Securities replaced pursuant to Section 2.07) Notes for cancelation cancellation or (ii) all outstanding Securities Notes have become due and payable, whether at maturity or on a specified redemption date as a result of the mailing of a notice of redemption pursuant to Article 3 hereof and III hereof, (b) the Issuers Company irrevocably deposit deposits with the TrusteeTrustee money sufficient to pay at maturity or upon redemption all outstanding Notes, including interest and premium thereon

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 payable and the Company irrevocably deposits with the Trustee funds sufficient to pay at maturity or as a result of the mailing of a notice of redemption all outstanding Securities, including interest thereon to maturity (other than Securities replaced pursuant to Article 3 hereof and the Issuers irrevocably deposit with the Trusteeto

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 3 hereof and the Issuers Company irrevocably deposit deposits with the TrusteeTrustee funds sufficient to pay at maturity or upon redemption all outstanding Securities (other than Securities replaced pursuant to

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 2.072.06) 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 3 hereof III and the Issuers Company irrevocably deposit deposits with the TrusteeTrustee funds sufficient to pay at maturity or upon redemption all outstanding Securities, including interest thereon to maturity or

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 or cancellation, (ii2) all outstanding Securities have become due and payable, whether at maturity or on a redemption date as a result of the mailing sending of a notice of redemption pursuant to Article 3 hereof and the Issuers irrevocably deposit with the Trusteeor (3) all outstanding Securities not theretofore delivered for cancellation will become due and