Common use of Legal Defeasance and Covenant Defeasance Clause in Contracts

Legal Defeasance and Covenant Defeasance. (a) The Company may, at its option by Board Resolution of the Board of Directors of the Company, at any time, elect to have either the Legal Defeasance option or the Covenant Defeasance option in paragraph (b) below be applied to all outstanding Notes upon compliance with the conditions set forth in Section 8.03.

Appears in 12 contracts

Samples: Merger Agreement (Davita Inc), Merger Agreement (Physicians Management, LLC), Davita Healthcare Partners Inc.

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Legal Defeasance and Covenant Defeasance. (a) The Company may, at its option by Board Resolution of the Board of Directors of the CompanyDirectors, at any time, elect to have either the Legal Defeasance option or the Covenant Defeasance option in paragraph (b) or (c) below be applied to all outstanding Notes upon compliance with the conditions set forth in Section 8.038.3.

Appears in 10 contracts

Samples: Indenture (Webcraft LLC), Novink (World Color Press Inc.), Indenture (Vertis Inc)

Legal Defeasance and Covenant Defeasance. (a) The Company may, at its option by Board Resolution of the Board of Directors of the Company, at any time, elect to have either the Legal Defeasance option or the Covenant Defeasance option in paragraph (b) or (c) below be applied to all outstanding Notes Securities upon compliance with the conditions set forth in Section 8.038.3.

Appears in 6 contracts

Samples: Fisher Scientific International Inc, Big Flower Holdings Inc/, Fisher Scientific International Inc

Legal Defeasance and Covenant Defeasance. (a) The Company may, at its option by Board Resolution of the Board of Directors of the Company, at any time, elect to have either the Legal Defeasance option or the Covenant Defeasance option in paragraph (b) or (c) below be applied to all outstanding Notes Securities upon compliance with the conditions set forth in Section 8.03.

Appears in 4 contracts

Samples: Indenture (Bway Corp), Indenture (BWAY Holding CO), Bway Corp

Legal Defeasance and Covenant Defeasance. (a) The Company may, at its option by Board Resolution of the Board of Directors of the Company, at any time, elect to have either the Legal Defeasance option or the Covenant Defeasance option in paragraph (b) or (c) below be applied to all outstanding Notes Securities upon compliance with the conditions set forth in Section 8.039.03.

Appears in 3 contracts

Samples: Indenture (Roma Fort Worth Inc), Indenture (Scot Inc), Cadmus Communications Corp/New

Legal Defeasance and Covenant Defeasance. (a) The Company may, at its option by Board Resolution of the Board of Directors of the Company, at any time, elect to have either the Legal Defeasance option or the Covenant Defeasance option in paragraph (bSection 8.02(b) below be applied to all outstanding Notes upon compliance with the conditions set forth in Section 8.03.

Appears in 2 contracts

Samples: Renal Treatment (Davita Inc.), Davita Inc.

Legal Defeasance and Covenant Defeasance. (a) The Company may, at its option by Board Resolution resolution of the its Board of Directors of the CompanyDirectors, at any time, elect to have either the Legal Defeasance option or the Covenant Defeasance option in paragraph (b) or (c) below be applied to all outstanding Notes Securities upon compliance with the conditions set forth in Section 8.038.3.

Appears in 1 contract

Samples: Subsidiary Pledge Agreement (Mounger Corp)

Legal Defeasance and Covenant Defeasance. (a) The Company may, at its option by Board Resolution Resolutions of the Board Boards of Directors of the Company, at any time, elect to have either the Legal Defeasance option or the Covenant Defeasance option in paragraph (b) or (c) below be applied to all outstanding Notes Securities upon compliance with the conditions set forth in Section 8.038.3.

Appears in 1 contract

Samples: Indenture (Compass Minerals International Inc)

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Legal Defeasance and Covenant Defeasance. (a) The Company may, at its option by Board Resolution of the Board of Directors of the Company, at any time, elect to have either the Legal Defeasance option or the Covenant Defeasance option in paragraph (b) or (c) below be applied to all outstanding Notes (determined in accordance with Section 2.08) upon compliance with the conditions set forth in Section 8.03.

Appears in 1 contract

Samples: Royal Oak Mines Inc

Legal Defeasance and Covenant Defeasance. (a) The Company may, at its option by Board Resolution of the Board of Directors of the Company, at any time, elect to have either the Legal Defeasance option or the Covenant Defeasance option in paragraph (b) or (c) below be applied to all outstanding Notes Debentures upon compliance with the conditions set forth in Section 8.03.

Appears in 1 contract

Samples: MTL Inc

Legal Defeasance and Covenant Defeasance. (a) The Company may, at its option by Board Resolution of the Board of Directors of the Company, at any time, elect to have either the Legal Defeasance option or the Covenant Defeasance option in paragraph (b) or (c) below be applied to all outstanding Notes Securities upon compliance with the conditions set forth in Section 8.03.

Appears in 1 contract

Samples: Pacer Express Inc

Legal Defeasance and Covenant Defeasance. (a) The Company may, at its option by Board Resolution of the Board of Directors of the Company, at any time, elect to have either the Legal Defeasance option or the Covenant Defeasance option in paragraph (b) or (c) below be applied to all outstanding Notes upon compliance with the conditions set forth in Section 8.0312.03.

Appears in 1 contract

Samples: Indenture (Anchor Glass Container Corp /New)

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