Common use of Discharge Prior to Maturity Clause in Contracts

Discharge Prior to Maturity. Subject to certain conditions set forth in the Indenture, the Company at any time may terminate some or all of its obligations under the Notes and the Indenture if the Company deposits with the Trustee U.S. Legal Tender or U.S. Government Obligations for the payment of principal of and interest on the Notes to maturity.

Appears in 1 contract

Samples: Financing Agreement (JLG Industries Inc)

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Discharge Prior to Maturity. Subject The Company's obligations pursuant to the Indenture will be discharged, except for obligations pursuant to certain conditions set forth in sections thereof, subject to the terms of the Indenture, upon the Company at any time may terminate some payment of all the Securities or all of its obligations under upon the Notes and the Indenture if the Company deposits irrevocable deposit with the Trustee U.S. Legal Tender of money or U.S. Government Obligations for sufficient to pay when due the payment of principal of and interest on the Notes to maturity.

Appears in 1 contract

Samples: Cleveland Electric Illuminating Co

Discharge Prior to Maturity. Subject to certain conditions set forth in the Indenture, the Company at any time may terminate some or all of its their obligations under the Notes and the Indenture if the Company deposits with the Trustee U.S. Legal Tender legal tender or U.S. Government Obligations for the payment of principal of of, and interest on on, the Notes to maturity.

Appears in 1 contract

Samples: Labranche & Co Inc

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Discharge Prior to Maturity. Subject The Company's obligations pursuant to the Indenture will be discharged, except for obligations pursuant to certain conditions set forth in sections thereof, subject to the terms of the Indenture, upon the Company at any time may terminate some or payment of all of its obligations under the Notes and or upon the Indenture if the Company deposits irrevocable deposit with the Trustee trustee of U.S. Legal Tender dollars or U.S. Government Obligations for the payment of sufficient to pay when due principal of and interest on the Notes to maturitymaturity or redemption, as the case may be.

Appears in 1 contract

Samples: Wolverine Tube Inc

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