Common use of Effect of Defeasance Clause in Contracts

Effect of Defeasance. Notwithstanding anything stated to the contrary in this Article, no defeasance hereunder shall relieve the Trustee of any duty with respect to, or discharge or terminate the provisions hereof with respect to, the payment, transfer, purchase, exchange, registration or redemption of Bonds.

Appears in 7 contracts

Samples: Trust Indenture (York Water Co), Trust Indenture (York Water Co), Trust Indenture (York Water Co)

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Effect of Defeasance. Notwithstanding anything stated to the contrary in this Article, no defeasance hereunder shall relieve the Trustee or the Paying Agent of any duty with respect to, or discharge or terminate the provisions hereof with respect to, the payment, transfer, purchase, exchange, registration or redemption of Bonds, as the case may be.

Appears in 1 contract

Samples: Trust Indenture (York Water Co)

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Effect of Defeasance. Notwithstanding anything stated to the contrary in this Article, no defeasance hereunder shall relieve the Trustee or Paying Agent of any duty with respect to, or discharge or terminate the provisions hereof with respect to, the payment, transfer, purchase, exchange, registration or redemption of Bonds.

Appears in 1 contract

Samples: Trust Indenture (Alabama Power Co)

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