Common use of Issuer’s Option to Effect Legal Defeasance or Covenant Defeasance Clause in Contracts

Issuer’s Option to Effect Legal Defeasance or Covenant Defeasance. The Issuer may, at its option, at any time, with respect to the Notes, elect to have either Section 13.02 or Section 13.03 be applied to all Outstanding Notes upon compliance with the conditions set forth below in this Article Thirteen.

Appears in 18 contracts

Samples: Indenture (Mr. Cooper Group Inc.), Indenture (PennyMac Financial Services, Inc.), Indenture (Mr. Cooper Group Inc.)

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Issuer’s Option to Effect Legal Defeasance or Covenant Defeasance. The Issuer may, at its option, at any time, with respect to the Notes, elect to have either Section 13.02 1302 or Section 13.03 1303 be applied to all Outstanding Notes upon compliance with the conditions set forth below in this Article Thirteen.

Appears in 14 contracts

Samples: Indenture (Aar Corp), Supplemental Indenture (Entegris Inc), Indenture (Telesat Canada)

Issuer’s Option to Effect Legal Defeasance or Covenant Defeasance. The Issuer Issuers may, at its option, their option and at any time, with respect to the Notes, elect to have either Section 13.02 8.2 or Section 13.03 8.3 be applied to all Outstanding outstanding Notes upon compliance with the conditions set forth below in this Article Thirteen8.

Appears in 3 contracts

Samples: Indenture (Sealed Air Corp/De), Indenture (Sealed Air Corp/De), Sealed Air Corp/De

Issuer’s Option to Effect Legal Defeasance or Covenant Defeasance. The Issuer may, at its optionoption by Board Resolution, at any time, with respect to the Notes, elect to have either Section 13.02 1302 or Section 13.03 1303 be applied to all Outstanding Notes upon compliance with the conditions set forth below in this Article Thirteen.

Appears in 2 contracts

Samples: Indenture (Telesat Canada), Supplemental Indenture (Infosat Communications LP)

Issuer’s Option to Effect Legal Defeasance or Covenant Defeasance. The Issuer Issuers may, at its their option, and at any time, with respect to the Notes, elect to have either Section 13.02 1302 or Section 13.03 1303 be applied to all Outstanding Notes upon compliance with the conditions set forth below in this Article Thirteen.

Appears in 2 contracts

Samples: Indenture (Ellington Financial Inc.), Indenture (Ellington Financial LLC)

Issuer’s Option to Effect Legal Defeasance or Covenant Defeasance. The Issuer Issuers may, at its optionoption by Board Resolution, at any time, with respect to the Notes, elect to have either Section 13.02 1302 or Section 13.03 1303 be applied to all Outstanding Notes upon compliance with the conditions set forth below in this Article Thirteen.

Appears in 2 contracts

Samples: Supplemental Indenture (Clearwire Corp /DE), Indenture (Clearwire Corp /DE)

Issuer’s Option to Effect Legal Defeasance or Covenant Defeasance. The Issuer may, at its optionoption by Board Resolution, at any time, with respect to the Notes, elect to have either Section 13.02 1502 or Section 13.03 1503 be applied to all Outstanding Notes upon compliance with the conditions set forth below in this Article Thirteen.

Appears in 1 contract

Samples: Supplemental Indenture (Infosat Communications LP)

Issuer’s Option to Effect Legal Defeasance or Covenant Defeasance. The Issuer may, at its option, at any time, with respect to the Notes, elect to have either Section 13.02 14.02 or Section 13.03 14.03 be applied to all Outstanding Notes upon compliance with the conditions set forth below in this Article ThirteenFourteen.

Appears in 1 contract

Samples: Indenture (Manitowoc Co Inc)

Issuer’s Option to Effect Legal Defeasance or Covenant Defeasance. The Issuer Issuers may, at its optionoption by Board Resolution, at any time, with respect to the Second-Priority Notes, elect to have either Section 13.02 1302 or Section 13.03 1303 be applied to all Outstanding Second-Priority Notes upon compliance with the conditions set forth below in this Article Thirteen.

Appears in 1 contract

Samples: Subsidiary Guarantors (Clearwire Corp /DE)

Issuer’s Option to Effect Legal Defeasance or Covenant Defeasance. The Issuer may, at its option, at any time, with respect to the NotesNotes of any series, elect to have either Section 13.02 or Section 13.03 be applied to all Outstanding Notes of such series upon compliance with the conditions set forth below in this Article Thirteen.

Appears in 1 contract

Samples: Supplemental Indenture (Wmih Corp.)

Issuer’s Option to Effect Legal Defeasance or Covenant Defeasance. The Issuer may, at its option, and at any time, with respect to the Notes, elect to have either Section 13.02 13.2 or Section 13.03 13.3 be applied to all Outstanding Notes upon compliance with the conditions set forth below in this Article ThirteenXIII.

Appears in 1 contract

Samples: Indenture (Great Ajax Corp.)

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Issuer’s Option to Effect Legal Defeasance or Covenant Defeasance. The Issuer may, at its optionoption and at any time by Board Resolution, at any time, with respect to the Notes, elect to have either Section 13.02 1302 or Section 13.03 1303 be applied to all Outstanding Notes upon compliance with the conditions set forth below in this Article Thirteen.

Appears in 1 contract

Samples: Supplemental Indenture (Liberty Global PLC)

Issuer’s Option to Effect Legal Defeasance or Covenant Defeasance. The Issuer Issuers may, at its optiontheir option by Board Resolution, at any time, with respect to the Notes, elect to have either Section 13.02 1302 or Section 13.03 be 1303 applied to all Outstanding Notes upon compliance with the conditions set forth below in this Article Thirteen.

Appears in 1 contract

Samples: Indenture (TRAC Intermodal LLC)

Issuer’s Option to Effect Legal Defeasance or Covenant Defeasance. The Issuer Issuers may, at its optiontheir option by Board Resolution of each Issuer, at any time, with respect to the Notes, elect to have either Section 13.02 1202 or Section 13.03 be 1203 applied to all Outstanding Notes upon compliance with the conditions set forth below in this Article ThirteenTwelve.

Appears in 1 contract

Samples: Indenture (Aircastle LTD)

Issuer’s Option to Effect Legal Defeasance or Covenant Defeasance. The Issuer may, at its optionoption by Board Resolution, at any time, with respect to the Notes, elect to have either Section 13.02 or Section 13.03 be applied to all Outstanding Notes upon compliance with the conditions set forth below in this Article Thirteen13.

Appears in 1 contract

Samples: Supplemental Indenture (Lantheus MI Intermediate, Inc.)

Issuer’s Option to Effect Legal Defeasance or Covenant Defeasance. The Issuer Issuers may, at its their option, at any time, with respect to the Notes, elect to have either Section 13.02 1302 or Section 13.03 1303 be applied to all Outstanding Notes upon compliance with the conditions set forth below in this Article Thirteen.

Appears in 1 contract

Samples: Supplemental Indenture (Garrett Motion Inc.)

Issuer’s Option to Effect Legal Defeasance or Covenant Defeasance. The Issuer may, at its option, at any time, with respect to the Notes, elect to have either Section 13.02 or Section 13.03 be applied to all Outstanding Notes upon compliance with the conditions set forth below in this Article Thirteen13.

Appears in 1 contract

Samples: Supplemental Indenture (On Semiconductor Corp)

Issuer’s Option to Effect Legal Defeasance or Covenant Defeasance. The Issuer may, at its option, at any time, with respect to the Notes, elect to have either Section ‎Section 13.02 or Section ‎Section 13.03 be applied to all Outstanding Notes upon compliance with the conditions set forth below in this Article Thirteen.

Appears in 1 contract

Samples: Indenture (GMS Inc.)

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