Common use of Legal Defeasance and Covenant Defeasance Clause in Contracts

Legal Defeasance and Covenant Defeasance. (a) The Company may, at its option and at any time, elect to have either paragraph (b) or paragraph (c) below be applied to the outstanding Notes upon compliance with the applicable conditions set forth in paragraph (d).

Appears in 33 contracts

Samples: Indenture, (Kratos Defense & Security Solutions, Inc.), Registration Rights Agreement (Broadview Networks Holdings Inc), Indenture, (Kratos Defense & Security Solutions, Inc.)

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

Appears in 32 contracts

Samples: Doe Run Resources Corp, Indenture (Doe Run Resources Corp), Indenture (Ametek Inc/)

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

Appears in 15 contracts

Samples: Indenture (Scientific Games Corp), Indenture (Asap Software Express Inc), Indenture (Asap Software Express Inc)

Legal Defeasance and Covenant Defeasance. (a) The Company may, at its option and at any time, with respect to the Notes, elect to have either paragraph (b) or paragraph (c) below be applied to the outstanding Outstanding Notes upon compliance with the applicable conditions set forth in paragraph (d).

Appears in 8 contracts

Samples: Supplemental Indenture (Graphic Packaging Holding Co), Indenture (Graphic Packaging International, LLC), Supplemental Indenture (Graphic Packaging International, LLC)

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

Appears in 8 contracts

Samples: Indenture (Color Spot Nurseries Inc), Indenture (Dart Group Corp), Smiths Food & Drug Centers Inc

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

Appears in 7 contracts

Samples: Indenture (Del Monte Foods Co), Indenture (Del Monte Foods Co), Supplemental Indenture (Del Monte Foods Co)

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

Appears in 5 contracts

Samples: Indenture (Cellstar Corp), Indenture (Cellstar Corp), Default and Remedies (Renaissance Cosmetics Inc /De/)

Legal Defeasance and Covenant Defeasance. (a) The Company may, at its option and at any time, elect to have either paragraph clause (b) or paragraph clause (c) below be applied to the outstanding Notes upon compliance with the applicable conditions set forth in paragraph clause (d).

Appears in 5 contracts

Samples: Indenture, (American Apparel, Inc), Indenture (CitiSteel PA, Inc.), Indenture (CitiSteel PA, Inc.)

Legal Defeasance and Covenant Defeasance. (a) The Company may, at its option and at any time, with respect to the Securities, elect to have either paragraph (b) or paragraph (c) below be applied to the outstanding Notes Securities upon compliance with the applicable conditions set forth in paragraph (d).

Appears in 4 contracts

Samples: Indenture (Tenneco Inc), Indenture (Tenneco Inc), Indenture (Tenneco Inc)

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

Appears in 4 contracts

Samples: Indenture (Prime Succession Inc), Telewest Communications PLC /New/, Telegroup Inc

Legal Defeasance and Covenant Defeasance. (a) The Company may, at its option and at any time, with respect to the Securities, elect to have either paragraph (b) or paragraph (c) below be applied to the outstanding Notes Securities upon compliance with the applicable conditions set forth in paragraph (d).

Appears in 4 contracts

Samples: Indenture (Stoneridge Inc), Navistar International Corp /De/New, Navistar International Corp /De/New

Legal Defeasance and Covenant Defeasance. (a) The Company may, at its option and at any time, with respect to the Notes, elect to have either paragraph (b) or paragraph (c) below be applied to the outstanding Notes upon compliance with the applicable conditions set forth in paragraph (d).

Appears in 3 contracts

Samples: Second Supplemental Indenture (Tenneco Inc), First Supplemental Indenture (Tenneco Inc), Indenture (Visteon Corp)

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

Appears in 3 contracts

Samples: Collateral and Security Documents (Exide Technologies), Exide Technologies, Poindexter J B & Co Inc

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

Appears in 2 contracts

Samples: Indenture (HHG Distributing, LLC), Indenture (Hhgregg, Inc.)

Legal Defeasance and Covenant Defeasance. (a) The Company may, at its option and at any time, elect to have either paragraph (b) or paragraph (c) below be applied to the all outstanding Notes Securities upon compliance with the applicable conditions set forth in paragraph (d)Section 9.03.

Appears in 2 contracts

Samples: Aerolink International Inc, Falcon Products Inc /De/

Legal Defeasance and Covenant Defeasance. (a) The Company may, at its option option, and at any time, with respect to the Securities, elect to have either paragraph (b) or paragraph (c) below be applied to the outstanding Notes Securities upon compliance with the applicable conditions set forth in paragraph (d).

Appears in 2 contracts

Samples: Indenture (Metals Usa Inc), Indenture (RSC Duval Inc)

Legal Defeasance and Covenant Defeasance. (a) The Company may, at its option and at any time, elect to have either paragraph clause (b) or paragraph (c) below be applied to the outstanding Notes upon compliance with the applicable conditions set forth in paragraph clause (d).

Appears in 2 contracts

Samples: Indenture (Mig, Inc.), Indenture (Aventine Renewable Energy Holdings Inc)

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Legal Defeasance and Covenant Defeasance. (a) The Company may, at its option and at any time, terminate its obligations with respect to the outstanding Securities and elect to have either paragraph (b) or paragraph (c) below be applied to the outstanding Notes Securities upon compliance with the applicable conditions set forth in paragraph (d).

Appears in 2 contracts

Samples: Indenture (Lamar Advertising Co), Oci N Corp

Legal Defeasance and Covenant Defeasance. (a) The Company may, at its option and option, at any time, elect to have either paragraph (b) or paragraph (c) below be applied to the outstanding all Outstanding Notes upon compliance with the applicable conditions set forth in paragraph (d).Section 8.3. -----------

Appears in 2 contracts

Samples: Indenture (Global Imaging Systems Inc), BGF Industries Inc

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

Appears in 1 contract

Samples: Navistar Financial Corp

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

Appears in 1 contract

Samples: Indenture (Ibf Vi Guaranteed Income Fund)

Legal Defeasance and Covenant Defeasance. (a) The Company may, at its option and option, at any time, with respect to the Securities, elect to have either paragraph (b) or paragraph (c) below be applied to the outstanding Notes Securities upon compliance with the applicable conditions set forth in paragraph (d).

Appears in 1 contract

Samples: Leslies Poolmart Inc

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

Appears in 1 contract

Samples: Ibf Vi Guaranteed Income Fund

Legal Defeasance and Covenant Defeasance. (a) The Company may, at its option and at any time, elect to have either paragraph (b) or paragraph (c) below be applied to the outstanding Notes Securities upon compliance with the applicable conditions set forth in paragraph (d).

Appears in 1 contract

Samples: Aearo CO I

Legal Defeasance and Covenant Defeasance. (a1) The Company may, at its option and by Board Resolution of the Board of Directors of the Company, at any time, with respect to the Securities, elect to have either paragraph (b) or paragraph (c) below be applied to the outstanding Notes Securities upon compliance with the applicable conditions set forth in paragraph (d).

Appears in 1 contract

Samples: SFW Holding Corp

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

Appears in 1 contract

Samples: Leap Wireless International Inc

Legal Defeasance and Covenant Defeasance. (a) The Company may, at its option and by Board Resolution, at any time, with respect to the Securities, elect to have either paragraph (b) or paragraph (c) below be applied to the outstanding Notes Securities upon compliance with the applicable conditions set forth in paragraph (d).. 76 -68-

Appears in 1 contract

Samples: Unifrax Investment Corp

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