Common use of Effect of Defeasance Clause in Contracts

Effect of Defeasance. Upon the satisfaction of each of the foregoing conditions, the obligations of the Company under the restrictive covenants defeased (in the case of covenant defeasance), and all obligations of the Company except as set forth in paragraph (b) of this Section 11.01 (in the case of legal defeasance), shall be terminated with respect to such series.

Appears in 7 contracts

Samples: Indenture for Subordinated Debt Securities (Telephone & Data Systems Inc /De/), Indenture for Subordinated Debt Securities (United States Cellular Corp), Indenture (United States Cellular Corp)

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Effect of Defeasance. Upon the satisfaction of each of the -------------------- foregoing conditions, the obligations of the Company under the restrictive covenants defeased (in the case of covenant defeasance), and all obligations of the Company except as set forth in paragraph (b) of this Section 11.01 (in the case of legal defeasance), shall be terminated with respect to such series.

Appears in 1 contract

Samples: Indenture (Telephone & Data Systems Inc /De/)

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