Common use of Legal Defeasance and Discharge Clause in Contracts

Legal Defeasance and Discharge. Upon the Issuer’s exercise under Section 13.01 of the option applicable to this Section 13.02, each of the Issuer and the Guarantors shall be deemed to have been discharged from its respective obligations with respect to all Outstanding Notes and the Guarantees on the date the conditions set forth in Section 13.04 are satisfied (hereinafter, “Legal Defeasance”). For this purpose, such Legal Defeasance means that each of the Issuer and the Guarantors shall be deemed to have paid and discharged the entire indebtedness represented by the Outstanding Notes, which shall thereafter be deemed to be “Outstanding” only for the purposes of Section 13.05 and the other Sections of this Indenture referred to in (1) and (2) below, and the Guarantees and to have satisfied all its other obligations under the Notes, Guarantees and this Indenture insofar as such Notes are concerned and have cured all then existing Events of Default (and the Trustee, at the expense of the Issuer, shall execute proper instruments acknowledging the same), except for the following which shall survive until otherwise terminated or discharged hereunder: (1) the rights of Holders of Notes to receive payments in respect of the principal of (and premium, if any, on) and interest on the Notes when such payments are due, solely out of the trust created pursuant to this Indenture, (2) the Issuer’s obligations with respect to the Notes under Sections 3.04, 3.05, 3.06, 10.02 and 10.03, (3) the rights, powers, trusts, duties and immunities of the Trustee hereunder, and the obligations of each of the Guarantors and the Issuer in connection therewith and (4) this Article Thirteen. Subject to compliance with this Article Thirteen, the Issuer may exercise its option under this Section 13.02 notwithstanding the prior exercise of its option under Section 13.03 with respect to the Notes.

Appears in 10 contracts

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

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Legal Defeasance and Discharge. Upon the Issuer’s Company's exercise under Section 13.01 8.01 hereof of the option applicable to this Section 13.028.02, the Company and each of the Issuer and Guarantors will, subject to the Guarantors shall satisfaction of the conditions set forth in Section 8.04 hereof, be deemed to have been discharged from its respective their obligations with respect to all Outstanding outstanding Notes and (including the Guarantees Note Guarantees) on the date the conditions set forth in Section 13.04 below are satisfied (hereinafter, "Legal Defeasance"). For this purpose, such Legal Defeasance means that each of the Issuer Company and the Guarantors shall will be deemed to have paid and discharged the entire indebtedness Indebtedness represented by the Outstanding Notesoutstanding Notes (including the Note Guarantees), which shall will thereafter be deemed to be “Outstanding” "outstanding" only for the purposes of Section 13.05 8.05 hereof and the other Sections of this Indenture referred to in clauses (1) and (2) below, and the Guarantees and to have satisfied all its their other obligations under the such Notes, the Note Guarantees and this Indenture insofar as such Notes are concerned and have cured all then existing Events of Default (and the Trustee, on demand of and at the expense of the IssuerCompany, shall execute proper instruments acknowledging the same), except for the following provisions which shall will survive until otherwise terminated or discharged hereunder: : (1) the rights of Holders of outstanding Notes to receive payments in respect of the principal of (of, or interest or premium and premiumLiquidated Damages, if any, on) and interest on the such Notes when such payments are due, solely out of due from the trust created pursuant referred to this Indenture, in Section 8.04 hereof; (2) the Issuer’s Company's obligations with respect to the such Notes under Sections 3.04, 3.05, 3.06, 10.02 Article 2 and 10.03, Section 4.02 hereof; (3) the rights, powers, trusts, duties and immunities of the Trustee hereunder, hereunder and the obligations of each of the Guarantors Company's and the Issuer Guarantors' obligations in connection therewith and therewith; and (4) this Article Thirteen8. Subject to compliance with this Article Thirteen8, the Issuer Company may exercise its option under this Section 13.02 8.02 notwithstanding the prior exercise of its option under Section 13.03 with respect to the Notes8.03 hereof.

Appears in 10 contracts

Samples: Indenture (Haights Cross Communications Inc), Indenture (American Cellular Corp /De/), Indenture (Metaldyne Corp)

Legal Defeasance and Discharge. Upon the IssuerCompany’s exercise under Section 13.01 8.01 hereof of the option applicable to this Section 13.028.02, the Company and each of the Issuer and Guarantors shall, subject to the Guarantors shall satisfaction of the conditions set forth in Section 8.04 hereof, be deemed to have been discharged from its respective their obligations with respect to all Outstanding outstanding Notes and (including the Guarantees Guarantees) on the date the conditions set forth in Section 13.04 8.04 hereof are satisfied (hereinafter, “Legal Defeasance”). For this purpose, such Legal Defeasance means that each of the Issuer Company and the Guarantors shall be deemed to have paid and discharged the entire indebtedness Indebtedness represented by the Outstanding Notesoutstanding Notes (including the Guarantees), which shall will thereafter be deemed to be “Outstandingoutstanding” only for the purposes of Section 13.05 8.05 hereof and the other Sections of this Indenture referred to in clauses (1) and (2) below, and the Guarantees and to have satisfied all its their other obligations under the such Notes, the Guarantees and this Indenture insofar as such Notes are concerned and have cured all then existing Events of Default (and the Trustee, on demand of and at the expense of the IssuerCompany, shall execute proper instruments acknowledging the same), except for the following provisions which shall will survive until otherwise terminated or discharged hereunder: : (1) the rights of Holders of outstanding Notes to receive payments in respect of the principal of (and of, premium, if any, on) and or interest on the such Notes when such payments are due, solely out of due from the trust created pursuant referred to this Indenture, in Section 8.04 hereof; (2) the IssuerCompany’s obligations with respect to the such Notes under Sections 3.04, 3.05, 3.06, 10.02 Article 2 and 10.03, Section 4.02 hereof; (3) the rights, powers, trusts, duties duties, indemnities and immunities of the Trustee hereunder, hereunder and the obligations of each of the Guarantors Company’s and the Issuer Guarantors’ obligations in connection therewith and therewith; and (4) this Article Thirteen8. Subject to compliance with this Article Thirteen8, the Issuer Company may exercise its option under this Section 13.02 8.02 notwithstanding the prior exercise of its option under Section 13.03 with respect to the Notes8.03 hereof.

Appears in 8 contracts

Samples: Indenture (Clearway Energy LLC), Indenture (Clearway Energy, Inc.), Indenture (Clearway Energy, Inc.)

Legal Defeasance and Discharge. Upon the IssuerCompany’s exercise under Section 13.01 8.01 hereof of the option applicable to this Section 13.028.02, the Company and each of the Issuer and Guarantors will, subject to the Guarantors shall satisfaction of the conditions set forth in Section 8.04 hereof, be deemed to have been discharged from its respective obligations their Obligations with respect to all Outstanding outstanding Notes and (including the Guarantees Note Guarantees) on the date the conditions set forth in Section 13.04 below are satisfied (hereinafter, “Legal Defeasance”). For this purpose, such Legal Defeasance means that each of the Issuer Company and the Guarantors shall will be deemed to have paid and discharged the entire indebtedness Indebtedness represented by the Outstanding Notesoutstanding Notes (including the Note Guarantees), which shall will thereafter be deemed to be “Outstandingoutstanding” only for the purposes of Section 13.05 8.05 hereof and the other Sections of this Indenture referred to in clauses (1) and (2) below, and the Guarantees and to have satisfied all its their other obligations under the such Notes, the Note Guarantees and this Indenture insofar as such Notes are concerned and have cured all then existing Events of Default (and the Trustee, on demand of and at the expense of the IssuerCompany, shall execute proper instruments acknowledging the same), except for the following provisions which shall will survive until otherwise terminated or discharged hereunder: : (1) the rights of Holders of outstanding Notes to receive payments in respect of the principal of (of, or interest or premium and premiumAdditional Amounts, if any, on) and interest on the , such Notes when such payments are due, solely out of due from the trust created pursuant referred to this Indenture, in Section 8.04 hereof; (2) the IssuerCompany’s obligations Obligations with respect to the such Notes under Sections 3.04, 3.05, 3.06, 10.02 Article 2 and 10.03, Section 4.02 hereof; (3) the rights, powers, trusts, duties and immunities of the Trustee hereunderTrustee, the Security Agent, the Intercreditor Agent, the Paying Agent, the Registrar and the obligations of each of the Guarantors Transfer Agent hereunder and the Issuer Company’s and the Guarantors’ Obligations in connection therewith and therewith; and (4) this Article Thirteen8. Subject to compliance with this Article Thirteen8, the Issuer Company may exercise its option under this Section 13.02 8.02 notwithstanding the prior exercise of its option under Section 13.03 with respect to the Notes8.03 hereof.

Appears in 8 contracts

Samples: Indenture (Melco Resorts & Entertainment LTD), Indenture (STUDIO CITY INTERNATIONAL HOLDINGS LTD), Indenture (STUDIO CITY INTERNATIONAL HOLDINGS LTD)

Legal Defeasance and Discharge. Upon the IssuerCompany’s exercise under Section 13.01 8.01 hereof of the option applicable to this Section 13.028.02, the Company and each of the Issuer and Guarantors will, subject to the Guarantors shall satisfaction of the conditions set forth in Section 8.04 hereof, be deemed to have been discharged from its respective their obligations with respect to all Outstanding outstanding Notes and (including the Guarantees Note Guarantees) on the date the conditions set forth in Section 13.04 below are satisfied (hereinafter, “Legal Defeasance”). For this purpose, such Legal Defeasance means that each of the Issuer Company and the Guarantors shall will be deemed to have paid and discharged the entire indebtedness Indebtedness represented by the Outstanding Notesoutstanding Notes (including the Note Guarantees), which shall will thereafter be deemed to be “Outstandingoutstanding” only for the purposes of Section 13.05 8.05 hereof and the other Sections of this Indenture referred to in clauses (1) and (2) below, and the Guarantees and to have satisfied all its their other obligations under the such Notes, the Note Guarantees and this Indenture insofar as such Notes are concerned and have cured all then existing Events of Default (and the Trustee, on demand of and at the expense of the IssuerCompany, shall execute proper instruments acknowledging the same), except for the following provisions which shall will survive until otherwise terminated or discharged hereunder: : (1) the rights of Holders of outstanding Notes to receive payments in respect of the principal of (and of, or interest or premium, if any, on) and interest on the , such Notes when such payments are due, solely out of due from the trust created pursuant referred to this Indenture, in Section 8.04 hereof; (2) the IssuerCompany’s obligations with respect to the such Notes under Sections 3.04, 3.05, 3.06, 10.02 Article 2 and 10.03, Section 4.02 hereof; (3) the rights, powers, trusts, duties and immunities of the Trustee hereunder, hereunder and the obligations of each of the Guarantors Company’s and the Issuer Guarantors’ obligations in connection therewith and therewith; and (4) this Article Thirteen8. Subject to compliance with this Article Thirteen8, the Issuer Company may exercise its option under this Section 13.02 8.02 notwithstanding the prior exercise of its option under Section 13.03 with respect to the Notes8.03 hereof.

Appears in 7 contracts

Samples: Indenture (Vector Group LTD), Indenture (Vector Group LTD), Indenture (Vector Group LTD)

Legal Defeasance and Discharge. (a) Upon the IssuerCompany’s exercise under Section 13.01 8.01 hereof of the option applicable to this Section 13.028.02, the Company and each of the Issuer and Guarantors will, subject to the Guarantors shall satisfaction of the conditions set forth in Section 8.04 hereof, be deemed to have been discharged from its respective their obligations with respect to all Outstanding outstanding Notes and (including the Guarantees Note Guarantees) on the date the conditions set forth in Section 13.04 below are satisfied (hereinafter, “Legal Defeasance”). For this purpose, such Legal Defeasance means that each of the Issuer Company and the Guarantors shall will be deemed to have paid and discharged the entire indebtedness Indebtedness represented by the Outstanding Notesoutstanding Notes (including the Note Guarantees), which shall will thereafter be deemed to be “Outstandingoutstanding” only for the purposes of Section 13.05 8.05 hereof and the other Sections of this Indenture referred to in clauses (1) and (2) below, and the Guarantees and to have satisfied all its their other obligations under the such Notes, the Note Guarantees and this Indenture insofar as such Notes are concerned and have cured all then existing Events of Default (and the Trustee, on demand of and at the expense of the IssuerCompany, shall execute proper instruments acknowledging the same), except for the following provisions which shall will survive until otherwise terminated or discharged hereunder: : (1) the rights of Holders of outstanding Notes to receive payments in respect of the principal of (and of, or interest or premium, if any, on) and interest on the , such Notes when such payments are due, solely out of due from the trust created pursuant referred to this Indenture, in Section 8.04 hereof; (2) the IssuerCompany’s obligations with respect to the such Notes under Sections 3.04, 3.05, 3.06, 10.02 Article 2 and 10.03, Section 4.02 hereof; (3) the rights, powers, trusts, duties and immunities of the Trustee hereunder, hereunder and the obligations of each of the Guarantors Company’s and the Issuer Guarantors’ obligations in connection therewith and therewith; and (4) this Article Thirteen8. Subject to compliance with this Article Thirteen8, the Issuer Company may exercise its option under this Section 13.02 8.02 notwithstanding the prior exercise of its option under Section 13.03 8.03 hereof. (b) Upon Legal Defeasance or Covenant Defeasance in accordance with respect this Article 8, the Trustee will advise the Collateral Agent that the Notes cease to constitute First Lien Debt under the NotesCollateral Agency and Intercreditor Agreement. (c) The Liens securing the Notes will be released as provided under Section 10.03 hereof upon Legal Defeasance or Covenant Defeasance in accordance with this Article 8.

Appears in 7 contracts

Samples: Indenture (Calpine Corp), Indenture (Calpine Corp), Indenture (Calpine Corp)

Legal Defeasance and Discharge. Upon the IssuerCompany’s exercise under Section 13.01 8.01 hereof of the option applicable to this Section 13.028.02, the Company and each of the Issuer and Guarantors will, subject to the Guarantors shall satisfaction of the conditions set forth in Section 8.04 hereof, be deemed to have been discharged from its respective their obligations with respect to all Outstanding outstanding Notes and (including the Guarantees Guarantees) on the date the conditions set forth in Section 13.04 below are satisfied (hereinafter, “Legal Defeasance”). For this purpose, such Legal Defeasance means that each of the Issuer Company and the Guarantors shall will be deemed to have paid and discharged the entire indebtedness Indebtedness represented by the Outstanding Notesoutstanding Notes (including the Guarantees), which shall will thereafter be deemed to be “Outstandingoutstanding” only for the purposes of Section 13.05 8.05 hereof and the other Sections of this Indenture referred to in clauses (1) and (2) below, and the Guarantees and to have satisfied all its their other obligations under the such Notes, the Guarantees and this Indenture insofar as such Notes are concerned and have cured all then existing Events of Default (and the Trustee, on demand of and at the expense of the IssuerCompany, shall execute proper instruments acknowledging the same), except for the following provisions which shall will survive until otherwise terminated or discharged hereunder: : (1) the rights of Holders of outstanding Notes to receive payments in respect of the principal of (and of, or interest or premium, if any, on) and interest on the , such Notes when such payments are due, solely out of due from the trust created pursuant referred to this Indenture, in Section 8.05 hereof; (2) the IssuerCompany’s obligations with respect to the such Notes under Sections 3.04, 3.05, 3.06, 10.02 Article 2 and 10.03, Section 4.02 hereof; (3) the rights, powers, trusts, duties and immunities of the Trustee hereunder, hereunder and the obligations of each of the Guarantors Company’s and the Issuer Guarantors’ obligations in connection therewith and therewith; and (4) this Article Thirteen8. Subject to compliance with this Article Thirteen8, the Issuer Company may exercise its option under this Section 13.02 8.02 notwithstanding the prior exercise of its option under Section 13.03 with respect to the Notes8.03 hereof.

Appears in 7 contracts

Samples: Indenture (Energy XXI LTD), Indenture (Energy Xxi (Bermuda) LTD), Indenture (Energy Xxi (Bermuda) LTD)

Legal Defeasance and Discharge. Upon the IssuerCompany’s exercise under Section 13.01 8.01 hereof of the option applicable to this Section 13.028.02, the Company and each of the Issuer and Guarantors will, subject to the Guarantors shall satisfaction of the conditions set forth in Section 8.04 hereof, be deemed to have been discharged from its respective their obligations with respect to all Outstanding outstanding Notes and (including the Guarantees Note Guarantees) on the date the conditions set forth in Section 13.04 below are satisfied (hereinafter, “Legal Defeasance”). For this purpose, such Legal Defeasance means that each of the Issuer Company and the Guarantors shall will be deemed to have paid and discharged the entire indebtedness Indebtedness represented by the Outstanding Notesoutstanding Notes (including the Note Guarantees), which shall will thereafter be deemed to be “Outstandingoutstanding” only for the purposes of Section 13.05 8.05 hereof and the other Sections of this Indenture referred to in clauses (1) and (2) below, and the Guarantees and to have satisfied all its their other obligations under the such Notes, the Note Guarantees and this Indenture insofar as such Notes are concerned and have cured all then existing Events of Default (and the Trustee, on demand of and at the expense of the IssuerCompany, shall execute proper instruments acknowledging the same), except for the following provisions which shall will survive until otherwise terminated or discharged hereunder: : (1) the rights of Holders of outstanding Notes to receive payments in respect of the principal of (of, or interest or premium and premiumAdditional Interest, if any, on) and interest on the , such Notes when such payments are due, solely out of due from the trust created pursuant referred to this Indenture, in Section 8.04 hereof; (2) the IssuerCompany’s obligations with respect to the such Notes under Sections 3.04, 3.05, 3.06, 10.02 Article 2 and 10.03, Section 4.02 hereof; (3) the rights, powers, trusts, duties and immunities of the Trustee hereunder, hereunder and the obligations of each of the Guarantors Company’s and the Issuer Guarantors’ obligations in connection therewith and therewith; and (4) this Article Thirteen8. Subject to compliance with this Article Thirteen8, the Issuer Company may exercise its option under this Section 13.02 8.02 notwithstanding the prior exercise of its option under Section 13.03 with respect to the Notes8.03 hereof.

Appears in 6 contracts

Samples: Indenture (Cheniere Energy Inc), Indenture (Surgical Specialties UK Holdings LTD), Indenture (Superior Energy Services Inc)

Legal Defeasance and Discharge. Upon the IssuerCompany’s exercise under Section 13.01 8.01 hereof of the option applicable to this Section 13.028.02, the Company and each of the Issuer and Guarantors will, subject to the Guarantors shall satisfaction of the conditions set forth in Section 8.04 hereof, be deemed to have been discharged from its respective their obligations with respect to all Outstanding outstanding Notes and (including the Guarantees Guarantees) on the date the conditions set forth in Section 13.04 below are satisfied (hereinafter, “Legal Defeasance”). For this purpose, such Legal Defeasance means that each of the Issuer Company and the Guarantors shall will be deemed to have paid and discharged the entire indebtedness Indebtedness represented by the Outstanding Notesoutstanding Notes (including the Guarantees), which shall will thereafter be deemed to be “Outstandingoutstanding” only for the purposes of Section 13.05 8.05 hereof and the other Sections of this Indenture referred to in clauses (1) and (24) below, and the Guarantees and to have satisfied all its their other obligations under the such Notes, the Guarantees and this Indenture insofar as such Notes are concerned and have cured all then existing Events of Default (and the Trustee, on demand of and at the expense of the IssuerCompany, shall execute proper instruments acknowledging the same), except for the following provisions which shall will survive until otherwise terminated or discharged hereunder: : (1) the rights of Holders of outstanding Notes to receive payments in respect of the principal of (and premiumof, premium on, if any, on) and interest or interest, if any, on the such Notes when such payments are due, solely out of due from the trust created pursuant referred to this Indenture, in Section 8.04 hereof; (2) the IssuerCompany’s obligations with respect to the such Notes under Sections 3.04, 3.05, 3.06, 10.02 Article 2 and 10.03, Section 4.02 hereof; (3) the rights, powers, trusts, duties and immunities of the Trustee hereunder, hereunder and the obligations of each of the Guarantors Company’s and the Issuer Guarantors’ obligations in connection therewith and therewith; and (4) this Article Thirteen8. Subject to compliance with this Article Thirteen8, the Issuer Company may exercise its option under this Section 13.02 8.02 notwithstanding the prior exercise of its option under Section 13.03 with respect to the Notes8.03 hereof.

Appears in 6 contracts

Samples: Indenture (Sabre Corp), Indenture (Sabre Corp), Indenture (Sabre Corp)

Legal Defeasance and Discharge. Upon the IssuerCompany’s exercise under Section 13.01 8.01 hereof of the option applicable to this Section 13.028.02, the Company and each of the Issuer and Guarantors will, subject to the Guarantors shall satisfaction of the conditions set forth in Section 8.04 hereof, be deemed to have been discharged from its respective their obligations with respect to all Outstanding outstanding Notes and (including the Guarantees Note Guarantees) on the date the conditions set forth in Section 13.04 below are satisfied (hereinafter, “Legal Defeasance”). For this purpose, such Legal Defeasance means that each of the Issuer Company and the Guarantors shall will be deemed to have paid and discharged the entire indebtedness Indebtedness represented by the Outstanding Notesoutstanding Notes (including the Note Guarantees), which shall will thereafter be deemed to be “Outstandingoutstanding” only for the purposes of Section 13.05 8.05 hereof and the other Sections of this Indenture referred to in clauses (1) and (2) below, and the Guarantees and to have satisfied all its their other obligations under the such Notes, the Note Guarantees and this Indenture insofar as such Notes are concerned and have cured all then existing Events of Default (and the Trustee, on demand of and at the expense of the IssuerCompany, shall execute proper instruments acknowledging the same), except for the following provisions which shall will survive until otherwise terminated or discharged hereunder: : (1) the rights of Holders of outstanding Notes to receive payments in respect of the principal of (and premiumof, premium on, if any, interest or Special Interest, if any, on) and interest on the , such Notes when such payments are due, solely out of due from the trust created pursuant referred to this Indenture, in Section 8.04 hereof; (2) the IssuerCompany’s obligations with respect to the such Notes under Sections 3.04, 3.05, 3.06, 10.02 Article 2 and 10.03, Section 4.02 hereof; (3) the rights, powers, trusts, duties and immunities of the Trustee hereunder, hereunder and the obligations of each of the Guarantors Company’s and the Issuer Guarantors’ obligations in connection therewith and therewith; and (4) this Article Thirteen8. Subject to compliance with this Article Thirteen8, the Issuer Company may exercise its option under this Section 13.02 8.02 notwithstanding the prior exercise of its option under Section 13.03 with respect to the Notes8.03 hereof.

Appears in 6 contracts

Samples: Indenture (Isle of Capri Casinos Inc), Indenture (Isle of Capri Casinos Inc), Indenture (Memc Electronic Materials Inc)

Legal Defeasance and Discharge. Upon the IssuerCompany’s exercise under Section 13.01 8.01 of the option applicable to this Section 13.028.02, each the Company shall, subject to the satisfaction of the Issuer conditions set forth in Section 8.04, be deemed to have been discharged from its obligations with respect to all outstanding Notes and all obligations of the Guarantors shall be deemed to have been discharged from its respective obligations with respect to all Outstanding Notes and their obligations under the Guarantees Note Guarantees, on the date the conditions set forth in Section 13.04 below are satisfied (hereinafter, “Legal Defeasance”). For this purpose, such Legal Defeasance means that each of the Issuer and the Guarantors Company shall be deemed to have paid and discharged the entire indebtedness Indebtedness represented by the Outstanding outstanding Notes, which shall thereafter be deemed to be “Outstandingoutstanding” only for the purposes of Section 13.05 8.08 and the other Sections of this Indenture referred to in (1a) and (2b) below, and the Guarantees and to have satisfied all its other obligations under the Notes, Guarantees such Notes and this Indenture insofar as such Notes are concerned and have cured all then existing Events of Default (and the Trustee, on demand of and at the expense of the IssuerCompany, shall execute proper instruments acknowledging the same), except for the following clauses, which shall survive until otherwise terminated or discharged hereunder: (1a) the rights of Holders of outstanding Notes to receive solely from the trust fund described in Section 8.04 hereof, and as more fully set forth in such Section 8.04, payments in respect of the principal of (and of, premium, if any, on) and interest on the such Notes when such payments are due, solely out of the trust created pursuant to this Indenture, (2b) the IssuerCompany’s obligations with respect to the such Notes under Sections 3.04Article 2, 3.05, 3.06, 10.02 Section 4.02 and 10.03Section 8.08, (3c) the rights, powers, trusts, duties and immunities of the Trustee hereunder, hereunder and the Company’s and Guarantors’ obligations of each of the Guarantors and the Issuer in connection therewith and (4d) this Article Thirteen8. Subject to compliance with this Article Thirteen8, the Issuer Company may exercise its option under this Section 13.02 8.02 notwithstanding the prior exercise of its option under Section 13.03 with respect to the Notes8.03.

Appears in 6 contracts

Samples: Indenture (SB/RH Holdings, LLC), Indenture (SB/RH Holdings, LLC), Indenture (SB/RH Holdings, LLC)

Legal Defeasance and Discharge. Upon the Issuer’s exercise under Section 13.01 8.01 of the option applicable to this Section 13.028.02, the Issuer and each of the Issuer and Guarantors will, subject to the Guarantors shall satisfaction of the conditions set forth in Section 8.04, be deemed to have been discharged from its respective their obligations with respect to all Outstanding outstanding Notes and (including the Guarantees Guarantees) on the date the conditions set forth in Section 13.04 below are satisfied (hereinafter, “Legal Defeasance”). For this purpose, such Legal Defeasance means that each of the Issuer and the Guarantors shall will be deemed to have paid and discharged the entire indebtedness Indebtedness represented by the Outstanding Notesoutstanding Notes (including the Guarantees), which shall will thereafter be deemed to be “Outstandingoutstanding” only for the purposes of Section 13.05 8.05 and the other Sections of this Indenture referred to in clauses (1a) and (2b) below, and the Guarantees and to have satisfied all its their other obligations under the such Notes, the Guarantees and this Indenture insofar as such Notes are concerned and have cured all then existing Events of Default (and the Trustee, on demand of and at the expense of the Issuer, shall execute proper instruments acknowledging the same), except for the following provisions which shall will survive until otherwise terminated or discharged hereunder: : (1a) the rights of Holders of outstanding Notes to receive payments in respect of the principal of (and premiumof, premium on, if any, or interest on) and interest on the , such Notes when such payments are due, solely out of due from the trust created pursuant referred to this Indenture, in Section 8.04; (2b) the Issuer’s obligations with respect to the such Notes under Sections 3.04, 3.05, 3.06, 10.02 Article 2 and 10.03, Section 4.02; (3c) the rights, powers, trusts, duties and immunities of the Trustee hereunder, hereunder and the obligations of each of the Guarantors Issuer’s and the Issuer Guarantors’ obligations in connection therewith and therewith; and (4d) this Article Thirteen8. Subject to compliance with this Article Thirteen8, the Issuer may exercise its option under this Section 13.02 8.02 notwithstanding the prior exercise of its option under Section 13.03 with respect to the Notes8.03.

Appears in 5 contracts

Samples: Indenture (California Resources Corp), Indenture (Range Resources Corp), Indenture (California Resources Corp)

Legal Defeasance and Discharge. Upon the IssuerCompany’s exercise under Section 13.01 9.01 of the option applicable to this Section 13.029.02, each of the Issuer Company and the Guarantors shall shall, subject to the satisfaction of the conditions set forth in Section 9.04, be deemed to have been discharged from its their respective obligations under the Indenture Documents with respect to all Outstanding outstanding Notes on and the Guarantees on after the date all the conditions set forth in Section 13.04 below are satisfied (hereinafter, “Legal Defeasance”). For this purpose, such Legal Defeasance means that each of the Issuer and the Guarantors shall Company will be deemed to have paid and discharged the entire indebtedness Indebtedness represented by the Outstanding outstanding Notes, which shall thereafter be deemed to be “Outstandingoutstanding” only for the purposes of Section 13.05 9.05 and the other Sections of this Indenture referred to in subsections (1a) and (2b) of this Section 9.02 below, and the Guarantees Company and the Guarantors to have satisfied all its their other obligations under the Notes, Guarantees and this Indenture insofar as such Notes are concerned and have cured all then existing Events of Default the Indenture Documents (and the Trustee, on demand of and at the expense of the IssuerCompany, shall execute proper instruments acknowledging the same), except for the following provisions which shall survive until otherwise terminated or discharged hereunder: : (1a) the rights of Holders of outstanding Notes to receive solely from the trust fund described in Section 9.04, and as more fully set forth in such Section, payments in respect of the principal of (and of, premium, if any, on) and interest on the such Notes when such payments are due, solely out of the trust created pursuant to this Indenture, ; (2b) the IssuerCompany’s obligations with respect to the such Notes under Sections 3.04, 3.05, 3.06, 10.02 and 10.03, Article 2; (3c) the rights, powers, trusts, duties and immunities of the Trustee hereunder, hereunder and the Company’s obligations of each of the Guarantors and the Issuer in connection therewith and therewith; and (4d) this Article Thirteen9. Subject to compliance with this Article Thirteen9, the Issuer Company may exercise its option under this Section 13.02 9.02 notwithstanding the prior exercise of its option under Section 13.03 with respect to the Notes9.03.

Appears in 5 contracts

Samples: Indenture (CURO Group Holdings Corp.), Indenture (CURO Group Holdings Corp.), Indenture (CURO Group Holdings Corp.)

Legal Defeasance and Discharge. Upon the Issuer’s Issuers’ exercise under Section 13.01 8.01 hereof of the option applicable to this Section 13.028.02, each of the Issuer Issuers and each of the Guarantors shall will, subject to the satisfaction of the conditions set forth in Section 8.04 hereof, be deemed to have been discharged from its respective their obligations with respect to all Outstanding outstanding Notes and (including the Guarantees Note Guarantees) on the date the conditions set forth in Section 13.04 below are satisfied (hereinafter, “Legal Defeasance”). For this purpose, such Legal Defeasance means that each of the Issuer Issuers and the Guarantors shall will be deemed to have paid and discharged the entire indebtedness Indebtedness represented by the Outstanding Notesoutstanding Notes (including the Note Guarantees), which shall will thereafter be deemed to be “Outstandingoutstanding” only for the purposes of Section 13.05 8.05 hereof and the other Sections of this Indenture referred to in clauses (1) and (2) belowof this Section 8.02, and the Guarantees and to have satisfied all its their other obligations under the such Notes, the Note Guarantees and this Indenture insofar as such Notes are concerned and have cured all then existing Events of Default (and the Trustee, on demand of and at the expense of the IssuerIssuers, shall execute proper instruments acknowledging the same), except for the following provisions which shall will survive until otherwise terminated or discharged hereunder: : (1) the rights of Holders of outstanding Notes to receive payments in respect of the principal of (and of, or interest or premium, if any, on) and interest on the such Notes when such payments are due, solely out of due from the trust created pursuant referred to this Indenture, in Section 8.04 hereof; (2) the Issuer’s Issuers’ obligations with respect to the such Notes under Sections 3.04, 3.05, 3.06, 10.02 Article 2 and 10.03, Section 4.02 hereof; (3) the rights, powers, trusts, duties and immunities of the Trustee hereunderTrustee, and the obligations of each of the Guarantors Issuers’ and the Issuer Guarantors’ obligations in connection therewith and therewith; and (4) this Article Thirteen8. Subject to compliance with this Article Thirteen8, the Issuer Issuers may exercise its their joint option under this Section 13.02 8.02 notwithstanding the prior exercise of its their option under Section 13.03 with respect to the Notes8.03 hereof.

Appears in 5 contracts

Samples: Indenture (Niska Gas Storage Partners LLC), Indenture (Radio One, Inc.), Indenture (Radio One, Inc.)

Legal Defeasance and Discharge. Upon the IssuerCompany’s exercise under Section 13.01 8.01 hereof of the option applicable to this Section 13.028.02, the Company and each of the Issuer and Guarantors will, subject to the Guarantors shall satisfaction of the conditions set forth in Section 8.04 hereof, be deemed to have been discharged from its respective their obligations with respect to all Outstanding outstanding Notes and (including the Guarantees Note Guarantees) on the date the conditions set forth in Section 13.04 below are satisfied (hereinafter, “Legal Defeasance”). For this purpose, such Legal Defeasance means that each of the Issuer Company and the Guarantors shall will be deemed to have paid and discharged the entire indebtedness represented by the Outstanding Notesoutstanding Notes (including the Note Guarantees), which shall will thereafter be deemed to be “Outstandingoutstanding” only for the purposes of Section 13.05 8.05 hereof and the other Sections of this Indenture referred to in clauses (1) and (2) below, and the Guarantees and to have satisfied all its their other obligations under the such Notes, the Note Guarantees and this Indenture insofar as such Notes are concerned and have cured all then existing Events of Default (and the Trustee, on written request of and at the expense of the IssuerCompany, shall execute proper instruments acknowledging the same), except for the following provisions which shall will survive until otherwise terminated or discharged hereunder: : (1) the rights of Holders of outstanding Notes to receive payments in respect of the principal of (and premiumof, premium on, if any, on) and interest or Special Interest, if any, on the such Notes when such payments are due, solely out of due from the trust created pursuant referred to this Indenture, in Section 8.04 hereof; (2) the IssuerCompany’s obligations with respect to the such Notes under Sections 3.04, 3.05, 3.06, 10.02 Article 2 and 10.03, 4.02 hereof; (3) the rights, powers, trusts, duties and immunities of the Trustee hereunder, hereunder and the Company’s obligations of each of the Guarantors and the Issuer in connection therewith and therewith; and (4) this Article Thirteen8, as it relates to Legal Defeasance. Subject to compliance with this Article Thirteen8, the Issuer Company may exercise its option under this Section 13.02 8.02 notwithstanding the prior exercise of its option under Section 13.03 with respect to the Notes8.03 hereof.

Appears in 4 contracts

Samples: Indenture (Huntsman International LLC), Indenture (Huntsman International LLC), Indenture (Huntsman International LLC)

Legal Defeasance and Discharge. Upon the IssuerCompany’s exercise under Section 13.01 8.01 hereof of the option applicable to this Section 13.028.02, the Company and each of the Issuer and Guarantors will, subject to the Guarantors shall satisfaction of the conditions set forth in Section 8.04 hereof, be deemed to have been discharged from its respective their obligations with respect to all Outstanding outstanding Notes and (including the Guarantees Note Guarantees) on the date the conditions set forth in Section 13.04 below are satisfied (hereinafter, “Legal Defeasance”). For this purpose, such Legal Defeasance means that each of the Issuer Company and the Guarantors shall will be deemed to have paid and discharged the entire indebtedness Indebtedness represented by the Outstanding Notesoutstanding Notes (including the Note Guarantees), which shall will thereafter be deemed to be “Outstandingoutstanding” only for the purposes of Section 13.05 8.05 hereof and the other Sections of this Supplemental Indenture referred to in clauses (1) and (2) below, and the Guarantees and to have satisfied all its their other obligations under the such Notes, the Note Guarantees and this Supplemental Indenture insofar as such Notes are concerned and have cured all then existing Events of Default (and the Trustee, on demand of and at the expense of the IssuerCompany, shall execute proper instruments acknowledging the same), except for the following provisions which shall will survive until otherwise terminated or discharged hereunder: : (1) the rights of Holders of outstanding Notes to receive payments in respect of the principal of (and of, or interest or premium, if any, on) and interest on the , such Notes when such payments are due, solely out of due from the trust created pursuant referred to this Indenture, in Section 8.04 hereof; (2) the IssuerCompany’s obligations with respect to the such Notes under Sections 3.04, 3.05, 3.06, 10.02 Article 2 and 10.03, Section 4.02 hereof; (3) the rights, powers, trusts, duties and immunities of the Trustee hereunder, hereunder and the obligations of each of the Guarantors Company’s and the Issuer Guarantors’ obligations in connection therewith and therewith; and (4) this Article Thirteen8. Subject to compliance with this Article Thirteen8, the Issuer Company may exercise its option under this Section 13.02 8.02 notwithstanding the prior exercise of its option under Section 13.03 with respect to the Notes8.03 hereof.

Appears in 4 contracts

Samples: Fifth Supplemental Indenture (Metropcs Communications Inc), Sixth Supplemental Indenture (Metropcs Communications Inc), Second Supplemental Indenture (Metropcs Communications Inc)

Legal Defeasance and Discharge. Upon the IssuerCompany’s exercise under Section 13.01 8.01 of the option applicable to this Section 13.028.02, the Company and each of the Issuer and Guarantors will, subject to the Guarantors shall satisfaction of the conditions set forth in Section 8.04, be deemed to have been discharged from its respective their obligations with respect to all Outstanding outstanding Notes (including the Guarantees) and the Guarantees this Indenture on the date the conditions set forth in Section 13.04 below are satisfied (hereinafter, “Legal Defeasance”). For this purpose, such Legal Defeasance means that each of the Issuer Company and the Guarantors shall will be deemed to have paid and discharged the entire indebtedness Debt represented by the Outstanding Notesoutstanding Notes (including the Guarantees), which shall will thereafter be deemed to be “Outstandingoutstanding” only for the purposes of Section 13.05 8.05 and the other Sections of this Indenture referred to in clauses (1a) and (2b) below, and the Guarantees and to have satisfied all its of their other obligations under the such Notes, Guarantees and the Guarantees, this Indenture insofar as such Notes are concerned and have cured all then existing Events of Default (and the Trustee, on demand of and at the expense of the IssuerCompany, shall execute proper instruments acknowledging the same), except for the following provisions which shall will survive until otherwise terminated or discharged hereunder: : (1a) the rights of Holders of outstanding Notes to receive payments in respect of the principal of (and premiumof, if anyor interest or premium on, on) and interest on the such Notes when such payments are due, solely out of due from the trust created pursuant referred to this Indenture, in Section 8.04; (2b) the IssuerCompany’s obligations with respect to the such Notes under Sections 3.04, 3.05, 3.06, 10.02 and 10.03, Article 2; (3c) the rights, powers, trusts, duties and immunities of the Trustee hereunderTrustee, Paying Agent and Registrar hereunder and the obligations of each of the Guarantors Company’s and the Issuer Guarantors’ obligations in connection therewith and therewith; and (4d) this Article ThirteenSection 8.02. Subject to compliance with this Article Thirteen8, the Issuer Company may exercise its option under this Section 13.02 8.02 notwithstanding the prior exercise of its option under Section 13.03 with respect to the Notes8.03.

Appears in 4 contracts

Samples: Indenture (Cleveland-Cliffs Inc.), Indenture (Cleveland-Cliffs Inc.), Indenture (Cleveland-Cliffs Inc.)

Legal Defeasance and Discharge. Upon the Issuer’s exercise by the Company under Section 13.01 12.01 of the option applicable to this Section 13.0212.02, each of the Issuer and the Guarantors Company shall be deemed to have been discharged from its respective obligations any and all Obligations with respect to all Outstanding Notes (and the Guarantees any Subsidiary Guarantor will be discharged from any and all Obligations in respect of its Subsidiary Guarantee) on the date which is the 123rd day after the deposit referred to in Section 12.04(a); provided that all of the conditions set forth in Section 13.04 below are satisfied (hereinafter, "Legal Defeasance"). For this purpose, such Legal Defeasance means that each of the Issuer and the Guarantors Company shall be deemed to have paid and discharged the entire indebtedness Indebtedness represented by the Outstanding Notes, which shall thereafter be deemed to be “Outstanding” "outstanding" only for the purposes of Section 13.05 12.05 hereof and the other Sections of this Indenture referred to in clauses (1i) and (2ii) belowof this Section 12.02, and the Guarantees and to have satisfied all its other obligations under the Notes, Guarantees such Notes and this Indenture insofar as such Notes are concerned and have cured all then existing Events of Default (and the Trustee, on demand of and at the expense of the IssuerCompany, shall execute proper instruments acknowledging the same), except for the following provisions which shall survive until otherwise terminated or discharged hereunder: (1i) the rights of Holders of Outstanding Notes to receive solely from the trust fund described in Section 12.04 hereof, and as more fully set forth in such Section, payments in respect of the principal of (and of, premium, if any, on) and interest and Liquidated Damages on the such Notes when such payments are due, solely out (ii) the obligations of the trust created pursuant to this Indenture, (2) the Issuer’s obligations Company with respect to the such Notes under Sections 1.06, 2.03, 3.03, 3.04, 3.05, 3.06, 10.02 3.13, 3.14, 4.01, 4.02, 4.03 and 10.0312.05 hereof, (3iii) the rights, powers, trusts, duties and immunities of the Trustee hereunder, including, without limitation, the Trustee's rights under Section 7.08 hereof, and the obligations of each of the Guarantors and the Issuer Company in connection therewith and (4) with this Article Thirteen12. Subject to compliance with this Article Thirteen12, the Issuer Company may exercise its option under this Section 13.02 12.02 notwithstanding the prior exercise of its option under Section 13.03 12.03 hereof with respect to the Notes.

Appears in 4 contracts

Samples: Indenture (Lyondell Chemical Nederland LTD), Indenture (Lyondell Chemical Nederland LTD), Indenture (Lyondell Chemical Nederland LTD)

Legal Defeasance and Discharge. Upon the IssuerCompany’s exercise under Section 13.01 8.01 hereof of the option applicable to this Section 13.028.02, the Company and each of the Issuer and Guarantors will, subject to the Guarantors shall satisfaction of the conditions set forth in Section 8.04 hereof, be deemed to have been discharged from its respective their obligations with respect to all Outstanding outstanding Notes and (including the Guarantees Note Guarantees) on the date the conditions set forth in Section 13.04 below are satisfied (hereinafter, “Legal Defeasance”). For this purpose, such Legal Defeasance means that each of the Issuer Company and the Guarantors shall will be deemed to have paid and discharged the entire indebtedness Indebtedness represented by the Outstanding Notesoutstanding Notes (including the Note Guarantees), which shall will thereafter be deemed to be “Outstandingoutstanding” only for the purposes of Section 13.05 8.05 hereof and the other Sections of this Indenture referred to in clauses (1) and (2) below, and the Guarantees and to have satisfied all its their other obligations under the such Notes, the Note Guarantees and this Indenture insofar as such Notes are concerned and have cured all then existing Events of Default (and the Trustee, on demand of and at the expense of the IssuerCompany, shall execute proper instruments acknowledging the same), except for the following provisions which shall will survive until otherwise terminated or discharged hereunder: : (1) the rights of Holders of outstanding Notes to receive payments in respect of the principal of (and premiumof, or interest or premium or Special Interest, if any, on) and interest on the , such Notes when such payments are due, solely out of due from the trust created pursuant referred to this Indenture, in Section 8.04 hereof; (2) the IssuerCompany’s obligations with respect to the such Notes under Sections 3.04, 3.05, 3.06, 10.02 Article 2 and 10.03, Section 4.02 hereof; (3) the rights, powers, trusts, duties and immunities of the Trustee hereunder, hereunder and the obligations of each of the Guarantors Company’s and the Issuer Guarantors’ obligations in connection therewith and therewith; and (4) this Article Thirteen8. Subject to compliance with this Article Thirteen8, the Issuer Company may exercise its option under this Section 13.02 8.02 notwithstanding the prior exercise of its option under Section 13.03 with respect to the Notes8.03 hereof.

Appears in 4 contracts

Samples: Indenture (Titan International Inc), Indenture (Titan International Inc), Indenture (Titan International Inc)

Legal Defeasance and Discharge. Upon the Issuer’s Company's exercise under Section 13.01 8.01 hereof of the option applicable to this Section 13.028.02, the Company and each of the Issuer and Guarantors will, subject to the Guarantors shall satisfaction of the conditions set forth in Section 8.04 hereof, be deemed to have been discharged from its respective their obligations with respect to all Outstanding outstanding Notes and (including the Guarantees Note Guarantees) on the date the conditions set forth in Section 13.04 below are satisfied (hereinafter, "Legal Defeasance"). For this purpose, such Legal Defeasance means that each of the Issuer Company and the Guarantors shall will be deemed to have paid and discharged the entire indebtedness Indebtedness represented by the Outstanding Notesoutstanding Notes (including the Note Guarantees), which shall will thereafter be deemed to be “Outstanding” "outstanding" only for the purposes of Section 13.05 8.05 hereof and the other Sections of this Indenture referred to in clauses (1) and (2) below, and the Guarantees and to have satisfied all its their other obligations under the such Notes, the Note Guarantees and this Indenture insofar as such Notes are concerned and have cured all then existing Events of Default (and the Trustee, on demand of and at the expense of the IssuerCompany, shall execute proper instruments acknowledging the same), except for the following provisions which shall will survive until otherwise terminated or discharged hereunder: : (1) the rights of Holders of outstanding Notes to receive payments in respect of the principal of (of, or interest or premium and premiumLiquidated Damages, if any, on) and interest on the , such Notes when such payments are due, solely out of due from the trust created pursuant referred to this Indenture, in Section 8.04 hereof; (2) the Issuer’s Company's obligations with respect to the such Notes under Sections 3.04, 3.05, 3.06, 10.02 Article 2 and 10.03, Section 4.02 hereof; (3) the rights, powers, trusts, duties and immunities of the Trustee hereunder, hereunder and the obligations of each of the Guarantors Company's and the Issuer Guarantors' obligations in connection therewith and therewith; and (4) this Article Thirteen8. Subject to compliance with this Article Thirteen8, the Issuer Company may exercise its option under this Section 13.02 8.02 notwithstanding the prior exercise of its option under Section 13.03 with respect to the Notes8.03 hereof.

Appears in 4 contracts

Samples: Indenture (American Real Estate Holdings L P), Indenture (Builders FirstSource, Inc.), Indenture (American Real Estate Partners L P)

Legal Defeasance and Discharge. Upon the Issuer’s Issuers' exercise under Section 13.01 8.01 of the option applicable to this Section 13.028.02, the Issuers and each of the Issuer and Guarantors will, subject to the Guarantors shall satisfaction of the conditions set forth in Section 8.04, be deemed to have been discharged from its respective their obligations with respect to all Outstanding outstanding Notes and (including the Guarantees Subsidiary Guarantees) on the date the conditions set forth in Section 13.04 below are satisfied (hereinafter, "Legal Defeasance"). For this purpose, such Legal Defeasance means that each of the Issuer Issuers and the Guarantors shall will be deemed to have paid and discharged the entire indebtedness Indebtedness represented by the Outstanding Notesoutstanding Notes (including the Subsidiary Guarantees), which shall will thereafter be deemed to be “Outstanding” "outstanding" only for the purposes of Section 13.05 8.05 and the other Sections of this Indenture referred to in clauses (1) and (2) below, and the Guarantees and to have satisfied all its their other obligations under the such Notes, the Subsidiary Guarantees and this Indenture insofar as such Notes are concerned and have cured all then existing Events of Default (and the Trustee, on demand of and at the expense of the IssuerCompany, shall execute proper instruments acknowledging the same), except for the following provisions which shall will survive until otherwise terminated or discharged hereunder: : (1) the rights of Holders of outstanding Notes to receive payments in respect of the principal of (and premiumof, or interest or premium or Special Interest, if any, on) and interest on the such Notes when such payments are due, solely out of due from the trust created pursuant referred to this Indenture, in Section 8.04; (2) the Issuer’s Issuers' obligations with respect to the such Notes under Sections 3.04, 3.05, 3.06, 10.02 Article 2 and 10.03, Section 4.02; (3) the rights, powers, trusts, duties and immunities of the Trustee hereunder, hereunder and the obligations of each of the Guarantors Issuers' and the Issuer Guarantors' obligations in connection therewith and therewith; and (4) this Article Thirteen8. Subject to compliance with this Article Thirteen8, the Issuer Issuers may exercise its their option under this Section 13.02 8.02 notwithstanding the prior exercise of its their option under Section 13.03 with respect to the Notes8.03.

Appears in 4 contracts

Samples: First Priority Secured Floating Rate Notes Indenture (Calpine Corp), Third Priority Secured Notes Indenture (Delta Energy Center, LLC), Third Priority Secured Notes Indenture (Calpine Corp)

Legal Defeasance and Discharge. Upon the IssuerCompany’s exercise under Section 13.01 8.01 hereof of the option applicable to this Section 13.028.02, the Company and each of the Issuer and Guarantors will, subject to the Guarantors shall satisfaction of the conditions set forth in Section 8.04 hereof, be deemed to have been discharged from its respective their obligations with respect to all Outstanding outstanding Notes and (including the Guarantees Note Guarantees) on the date the conditions set forth in Section 13.04 below are satisfied (hereinafter, “Legal Defeasance”). For this purpose, such Legal Defeasance means that each of the Issuer Company and the Guarantors shall will be deemed to have paid and discharged the entire indebtedness Indebtedness represented by the Outstanding Notesoutstanding Notes (including the Note Guarantees), which shall will thereafter be deemed to be “Outstandingoutstanding” only for the purposes of Section 13.05 8.05 hereof and the other Sections of this Indenture referred to in clauses (1) and (2) below, and the Guarantees and to have satisfied all its their other obligations under the such Notes, the Note Guarantees and this Indenture insofar as such Notes are concerned and have cured all then existing Events of Default (and the Trustee, on demand of and at the expense of the IssuerCompany, shall execute proper instruments acknowledging the same), except for the following provisions which shall will survive until otherwise terminated or discharged hereunder: : (1) the rights of Holders of outstanding Notes to receive payments in respect of the principal of (and premiumof, premium on, if any, or interest on) and interest on the , such Notes when such payments are due, solely out of due from the trust created pursuant referred to this Indenture, in Section 8.04 hereof; (2) the IssuerCompany’s obligations with respect to the such Notes under Sections 3.04, 3.05, 3.06, 10.02 Article 2 and 10.03, Section 4.02 hereof; (3) the rights, powers, trusts, duties and immunities of the Trustee hereunder, hereunder and the obligations of each of the Guarantors Company’s and the Issuer Guarantors’ obligations in connection therewith and therewith; and (4) this Article Thirteen8. Subject to compliance with this Article Thirteen8, the Issuer Company may exercise its option under this Section 13.02 8.02 notwithstanding the prior exercise of its option under Section 13.03 with respect to the Notes8.03 hereof.

Appears in 4 contracts

Samples: Indenture (Multiband Field Services Inc), Temporary Notes Indenture (Hillman Companies Inc), Indenture (Viasystems Group Inc)

Legal Defeasance and Discharge. Upon the IssuerCompany’s exercise under Section 13.01 8.01 hereof of the option applicable to this Section 13.028.02, the Company and each of the Issuer and Subsidiary Guarantors shall, subject to the Guarantors shall satisfaction of the conditions set forth in Section 8.04 hereof, be deemed to have been discharged from its respective their obligations with respect to all Outstanding outstanding Notes and (including the Guarantees Subsidiary Guarantees) on the date the conditions set forth in Section 13.04 8.04 hereof are satisfied (hereinafter, “Legal Defeasance”). For this purpose, such Legal Defeasance means that each of the Issuer Company and the Subsidiary Guarantors shall be deemed to have paid and discharged the entire indebtedness Indebtedness represented by the Outstanding Notesoutstanding Notes (including the Subsidiary Guarantees), which shall will thereafter be deemed to be “Outstandingoutstanding” only for the purposes of Section 13.05 8.05 hereof and the other Sections of this Indenture hereof referred to in clauses (1) and (2) below, and the Guarantees and to have satisfied all its their other obligations under the such Notes, the Subsidiary Guarantees and this Indenture insofar as such Notes are concerned and have cured all then existing Events of Default (and the Trustee, on demand of and at the expense of the IssuerCompany, shall execute proper instruments acknowledging the same), except for the following provisions which shall will survive until otherwise terminated or discharged hereunder: : (1) the rights of Holders of outstanding Notes to receive payments in respect of the principal of (and premiumof, if anyor interest or premium on, on) and interest on the such Notes when such payments are due, solely out of due from the trust created pursuant referred to this Indenture, in Section 8.04 hereof; (2) the IssuerCompany’s obligations with respect to the such Notes under Sections 3.04, 3.05, 3.06, 10.02 Article 2 and 10.03, Section 4.02 hereof; (3) the rights, powers, trusts, duties duties, indemnities and immunities of the Trustee hereunder, and the obligations of each of the Guarantors Company’s and the Issuer Subsidiary Guarantors’ obligations in connection therewith and therewith; and (4) this Article Thirteen8. Subject to compliance with this Article Thirteen8, the Issuer Company may exercise its option under this Section 13.02 8.02 notwithstanding the prior exercise of its option under Section 13.03 with respect to the Notes8.03 hereof.

Appears in 4 contracts

Samples: Indenture (Vistra Corp.), Indenture (Vistra Energy Corp.), Indenture (Vistra Energy Corp.)

Legal Defeasance and Discharge. Upon the IssuerCompany’s exercise under Section 13.01 8.01 hereof of the option applicable to this Section 13.028.02, the Company and each of the Issuer and Guarantors will, subject to the Guarantors shall satisfaction of the conditions set forth in Section 8.04 hereof, be deemed to have been discharged from its respective their obligations with respect to all Outstanding outstanding Notes (including the Guarantees) and cured all then existing Events of Default with respect to the Guarantees Notes on the date the conditions set forth in Section 13.04 below are satisfied (hereinafter, “Legal Defeasance”). For this purpose, such Legal Defeasance means that each of the Issuer Company and the Guarantors shall will be deemed to have paid and discharged the entire indebtedness Indebtedness represented by the Outstanding Notesoutstanding Notes (including the Guarantees), which shall will thereafter be deemed to be “Outstandingoutstanding” only for the purposes of Section 13.05 8.05 hereof and the other Sections of this Indenture referred to in clauses (1) and (2) below, and the Guarantees and to have satisfied all its their other obligations under the such Notes, the Guarantees and this Indenture insofar as such Notes are concerned and have cured all then existing Events of Default (and the Trustee, on demand of and at the expense of the IssuerCompany, shall execute proper instruments acknowledging the same), except for the following provisions which shall will survive until otherwise terminated or discharged hereunder: : (1) the rights of Holders of outstanding Notes to receive payments in respect of the principal of (and of, or interest or premium, if any, on) and interest on the , such Notes when such payments are due, solely out of due from the trust created pursuant referred to this Indenture, in Section 8.04 hereof; (2) the IssuerCompany’s obligations with respect to the such Notes under Sections 3.04, 3.05, 3.06, 10.02 Article 2 and 10.03, Section 4.02 hereof; (3) the rights, powers, trusts, duties and immunities of the Trustee hereunder, hereunder and the Company’s obligations of each of the Guarantors and the Issuer in connection therewith and therewith; and (4) this Article ThirteenSection 8.02. Subject to compliance with this Article Thirteen8, the Issuer Company may exercise its option under this Section 13.02 8.02, notwithstanding the prior exercise of its option under Section 13.03 with respect to the Notes8.03 hereof.

Appears in 4 contracts

Samples: Indenture (Red Rock Resorts, Inc.), Indenture (Red Rock Resorts, Inc.), Indenture (Red Rock Resorts, Inc.)

Legal Defeasance and Discharge. Upon the IssuerCompany’s exercise under Section 13.01 8.1 hereof of the option applicable to this Section 13.028.2, the Company and each of the Issuer and Guarantors will, subject to the Guarantors shall satisfaction of the conditions set forth in Section 8.4 hereof, be deemed to have been discharged from its respective their obligations with respect to all Outstanding outstanding Notes and (including the Guarantees Note Guarantees) on the date the conditions set forth in Section 13.04 below are satisfied (hereinafter, “Legal Defeasance”). For this purpose, such Legal Defeasance means that each of the Issuer Company and the Guarantors shall will be deemed to have paid and discharged the entire indebtedness Indebtedness represented by the Outstanding Notesoutstanding Notes (including the Note Guarantees), which shall will thereafter be deemed to be “Outstandingoutstanding” only for the purposes of Section 13.05 8.5 hereof and the other Sections of this Indenture referred to in clauses (1) and (2) below, and the Guarantees and to have satisfied all its of their other obligations under the such Notes, the Note Guarantees and this Indenture insofar as such Notes are concerned and have cured all then existing Events of Default (and the Trustee, on demand of and at the expense of the IssuerCompany, shall execute proper instruments acknowledging the same), except for the following provisions which shall will survive until otherwise terminated or discharged hereunder: : (1) the rights of Holders of outstanding Notes to receive payments in respect of the principal of (of, or interest or premium and premiumSpecial Interest, if any, on) and interest on the , such Notes when such payments are due, solely out of due from the trust created pursuant referred to this Indenture, in Section 8.4 hereof; (2) the IssuerCompany’s obligations with respect to the such Notes under Sections 3.04, 3.05, 3.06, 10.02 Article II and 10.03, Section 3.13 hereof; (3) the rights, powers, trusts, duties and immunities of the Trustee hereunder, hereunder and the obligations of each of the Guarantors Company’s and the Issuer Guarantors’ obligations in connection therewith and therewith; and (4) this Article ThirteenVIII. Subject to compliance with this Article ThirteenVIII, the Issuer Company may exercise its option under this Section 13.02 8.2 notwithstanding the prior exercise of its option under Section 13.03 with respect to the Notes8.3 hereof.

Appears in 3 contracts

Samples: Indenture (Edgen Group Inc.), Indenture (Edgen Murray II, L.P.), Indenture (Easton-Bell Sports, Inc.)

Legal Defeasance and Discharge. Upon the IssuerCompany’s exercise under Section 13.01 8.01 hereof of the option applicable to this Section 13.028.02, the Company and each of the Issuer and Guarantors will, subject to the Guarantors shall satisfaction of the conditions set forth in Section 8.04 hereof, be deemed to have been discharged from its respective their obligations with respect to all Outstanding outstanding Notes and (including the Guarantees Note Guarantees) on the date the conditions set forth in Section 13.04 below are satisfied (hereinafter, “Legal Defeasance”). For this purpose, such Legal Defeasance means that each of the Issuer Company and the Guarantors shall will be deemed to have paid and discharged the entire indebtedness Indebtedness represented by the Outstanding Notesoutstanding Notes (including the Note Guarantees), which shall will thereafter be deemed to be “Outstandingoutstanding” only for the purposes of Section 13.05 8.05 hereof and the other Sections of this Indenture referred to in clauses (1) and (2) below, and the Guarantees and to have satisfied all its their other obligations under the such Notes, the Note Guarantees and this Indenture insofar as such Notes are concerned and have cured all then existing Events of Default (and the Trustee, on demand of and at the expense of the IssuerCompany, shall execute proper instruments acknowledging the same), except for the following provisions which shall will survive until otherwise terminated or discharged hereunder: : (1) the rights of Holders of outstanding Notes to receive payments in respect of the principal of (and premiumof, if anyor interest or premium on, on) and interest on the such Notes when such payments are due, solely out of due from the trust created pursuant referred to this Indenture, in Section 8.04 hereof; (2) the IssuerCompany’s obligations with respect to the such Notes under Sections 3.04, 3.05, 3.06, 10.02 Article 2 and 10.03, Section 4.02 hereof; (3) the rights, powers, trusts, duties and immunities of the Trustee hereunder, hereunder and the obligations of each of the Guarantors Company’s and the Issuer Guarantors’ obligations in connection therewith and therewith; and (4) this Article Thirteen8. Subject to compliance with this Article Thirteen8, the Issuer Company may exercise its option under this Section 13.02 8.02 notwithstanding the prior exercise of its option under Section 13.03 with respect to the Notes8.03 hereof.

Appears in 3 contracts

Samples: Indenture (Axiall Corp/De/), Indenture (Angiotech Pharmaceuticals Inc), Indenture (B&g Foods Holdings Corp)

Legal Defeasance and Discharge. Upon the IssuerCompany’s exercise under Section 13.01 8.01 hereof of the option applicable to this Section 13.028.02, the Company and each of the Issuer and Guarantors will, subject to the Guarantors shall satisfaction of the conditions set forth in Section 8.04 hereof, be deemed to have been discharged from its respective their obligations with respect to all Outstanding outstanding Notes and (including the Guarantees Note Guarantees) on the date the conditions set forth in Section 13.04 below are satisfied (hereinafter, “Legal Defeasance”). For this purpose, such Legal Defeasance means that each of the Issuer Company and the Guarantors shall will be deemed to have paid and discharged the entire indebtedness Indebtedness represented by the Outstanding Notesoutstanding Notes (including the Note Guarantees), which shall will thereafter be deemed to be “Outstandingoutstanding” only for the purposes of Section 13.05 8.05 hereof and the other Sections of this Indenture referred to in clauses (1) and (2) below, and the Guarantees and to have satisfied all its their other obligations under the such Notes, the Note Guarantees and this Indenture insofar as such Notes are concerned and have cured all then existing Events of Default (and the Trustee, on demand of and at the expense of the IssuerCompany, shall execute proper instruments acknowledging the same), except for the following provisions which shall will survive until otherwise terminated or discharged hereunder: : (1) the rights of Holders of outstanding Notes to receive payments in respect of the principal of (and premiumof, premium on, if any, or interest, if any, on) and interest on the , such Notes when such payments are due, solely out of due from the trust created pursuant referred to this Indenture, in Section 8.04 hereof; (2) the IssuerCompany’s obligations with respect to the such Notes under Sections 3.04, 3.05, 3.06, 10.02 Article 2 and 10.03, Section 4.02 hereof; (3) the rights, powers, trusts, duties and immunities of the Trustee hereunder, hereunder and the obligations of each of the Guarantors Company’s and the Issuer Guarantors’ obligations in connection therewith and therewith; and (4) this Article Thirteen8. Subject to compliance with this Article Thirteen8, the Issuer Company may exercise its option under this Section 13.02 8.02 notwithstanding the prior exercise of its option under Section 13.03 with respect to the Notes8.03 hereof.

Appears in 3 contracts

Samples: Seventh Supplemental Indenture (B&G Foods, Inc.), First Supplemental Indenture (B&G Foods, Inc.), First Supplemental Indenture (B&G Foods, Inc.)

Legal Defeasance and Discharge. Upon the IssuerCompany’s exercise under Section 13.01 8.01 hereof of the option applicable to this Section 13.028.02, the Company and each of the Issuer and Guarantors will, subject to the Guarantors shall satisfaction of the conditions set forth in Section 8.04 hereof, be deemed to have been discharged from its respective their obligations with respect to all Outstanding outstanding Notes and (including the Guarantees Note Guarantees) on the date the conditions set forth in Section 13.04 below are satisfied (hereinafter, “Legal Defeasance”). For this purpose, such Legal Defeasance means that each of the Issuer Company and the Guarantors shall will be deemed to have paid and discharged the entire indebtedness Indebtedness represented by the Outstanding Notesoutstanding Notes (including the Note Guarantees), which shall will thereafter be deemed to be “Outstandingoutstanding” only for the purposes of Section 13.05 8.05 hereof and the other Sections of this Indenture hereof referred to in clauses (1) and (2) below, and the Guarantees and to have satisfied all its their other obligations under the Notes, the Note Guarantees and this Indenture insofar as such Notes are concerned and have cured all then existing Events of Default (and the Trustee, on demand of and at the expense of the IssuerCompany, shall execute proper instruments acknowledging the same), except for the following provisions which shall will survive until otherwise terminated or discharged hereunder: : (1) the rights of Holders of outstanding Notes to receive payments in respect of the principal of (and of, premium, if any, on) and , or interest on the or Special Interest, if any, on, such Notes when such payments are due, solely out of due from the trust created pursuant referred to this Indenture, in Section 8.04 hereof; (2) the IssuerCompany’s obligations with respect to the such Notes under Sections 3.04, 3.05, 3.06, 10.02 Article 2 and 10.03, Section 4.02 hereof; (3) the rights, powers, trusts, duties and immunities of the Trustee hereunder, hereunder and the obligations of each of the Guarantors Company’s and the Issuer Guarantors’ obligations in connection therewith and therewith; and (4) this Article Thirteen8. Subject to compliance with this Article Thirteen8, the Issuer Company may exercise its option under this Section 13.02 8.02 notwithstanding the prior exercise of its option under Section 13.03 with respect to the Notes8.03 hereof.

Appears in 3 contracts

Samples: Indenture (Diamondback Energy, Inc.), Indenture (Diamondback Energy, Inc.), Indenture (Diamondback Energy, Inc.)

Legal Defeasance and Discharge. Upon the Issuer’s Company's exercise under Section 13.01 8.01 hereof of the option applicable to this Section 13.028.02, each the Company shall, subject to the satisfaction of the Issuer and the Guarantors shall conditions set forth in Section 8.04 hereof, be deemed to have been discharged from its respective obligations with respect to all Outstanding outstanding Notes and the Guarantees to have each Guarantor's obligation discharged with respect to its Subsidiary Guarantee on the date the conditions set forth in Section 13.04 below are satisfied (hereinafter, "Legal Defeasance"). For this purpose, such Legal Defeasance means that each of the Issuer and the Guarantors Company shall be deemed to have paid and discharged the entire indebtedness Indebtedness represented by the Outstanding outstanding Notes, which shall thereafter be deemed to be “Outstanding” "outstanding" only for the purposes of Section 13.05 8.05 hereof and the other Sections of this Indenture referred to in (1a) and (2b) below, and the Guarantees and to have satisfied all its other obligations under the Notes, Guarantees such Notes and this Indenture insofar as such Notes are concerned and have cured all then existing Events of Default (and the Trustee, on demand of and at the expense of the IssuerCompany, shall execute proper instruments acknowledging the same), except for the following provisions which shall survive until otherwise terminated or discharged hereunder: (1a) the rights of Holders of outstanding Notes to receive solely from the trust fund described in Section 8.04 hereof, and as more fully set forth in such Section, payments in respect of the principal of (and premium, interest and Liquidated Damages, if any, on) and interest on the such Notes when such payments are due, solely out of the trust created pursuant to this Indenture, (2b) the Issuer’s Company's obligations with respect to the such Notes under Sections 3.04, 3.05, 3.06, 10.02 Article 2 and 10.03Section 4.02 hereof, (3c) the rights, powers, trusts, duties and immunities of the Trustee hereunder, hereunder and the Company's obligations of each of the Guarantors and the Issuer in connection therewith and (4d) this Article Thirteen8. Subject to compliance with this Article Thirteen8, the Issuer Company may exercise its option under this Section 13.02 8.02 notwithstanding the prior exercise of its option under Section 13.03 with respect to the Notes8.03 hereof.

Appears in 3 contracts

Samples: Indenture (SFX Entertainment Inc), Indenture (SFX Broadcasting Inc), Indenture (SFX Entertainment Inc)

Legal Defeasance and Discharge. Upon the Issuer’s exercise under Section 13.01 8.01 hereof of the option applicable to this Section 13.028.02, the Issuer and each of the Issuer and Guarantors will, subject to the Guarantors shall satisfaction of the conditions set forth in Section 8.04 hereof, be deemed to have been discharged from its respective their obligations with respect to all Outstanding outstanding Notes and (including the Guarantees Note Guarantees) on the date the conditions set forth in Section 13.04 below are satisfied (hereinafter, “Legal Defeasance”). For this purpose, such Legal Defeasance means that each of the Issuer and the Guarantors shall will be deemed to have paid and discharged the entire indebtedness Indebtedness represented by the Outstanding Notesoutstanding Notes (including the Note Guarantees), which shall will thereafter be deemed to be “Outstandingoutstanding” only for the purposes of Section 13.05 8.05 hereof and the other Sections of this Indenture referred to in clauses (1) and (2) below, and the Guarantees and to have satisfied all its their other obligations under the such Notes, the Note Guarantees and this Indenture insofar as such Notes are concerned and have cured all then existing Events of Default (and the Trustee, on demand of and at the expense of the Issuer, shall execute proper instruments acknowledging the same), except for the following provisions which shall will survive until otherwise terminated or discharged hereunder: : (1) the rights of Holders of outstanding Notes to receive payments in respect of the principal of (and of, or interest or premium, if any, on) and interest on the , such Notes when such payments are due, solely out of due from the trust created pursuant referred to this Indenture, in Section 8.04 hereof; (2) the Issuer’s obligations with respect to the such Notes under Sections 3.04, 3.05, 3.06, 10.02 Article 2 and 10.03, Section 4.02 hereof; (3) the rights, powers, trusts, duties and immunities of the Trustee hereunder, hereunder and the obligations of each of the Guarantors Issuer’s and the Issuer Guarantors’ obligations in connection therewith and therewith; and (4) this Article Thirteen8. Subject to compliance with this Article Thirteen8, the Issuer may exercise its option under this Section 13.02 8.02 notwithstanding the prior exercise of its option under Section 13.03 with respect to the Notes8.03 hereof.

Appears in 3 contracts

Samples: Indenture (Walter Energy, Inc.), Indenture (Walter Energy, Inc.), Indenture (Walter Energy, Inc.)

Legal Defeasance and Discharge. Upon the IssuerCompany’s exercise under Section 13.01 8.01 hereof of the option applicable to this 0 Section 13.028.02, the Company and each of the Issuer and Guarantors will, subject to the Guarantors shall satisfaction of the conditions set forth in Section 8.04 hereof, be deemed to have been discharged from its respective their obligations with respect to all Outstanding outstanding Notes and (including the Guarantees Note Guarantees) on the date the conditions set forth in Section 13.04 below are satisfied (hereinafter, “Legal Defeasance”). For this purpose, such Legal Defeasance means that each of the Issuer Company and the Guarantors shall will be deemed to have paid and discharged the entire indebtedness Indebtedness represented by the Outstanding Notesoutstanding Notes (including the Note Guarantees), which shall will thereafter be deemed to be “Outstandingoutstanding” only for the purposes of Section 13.05 8.05 hereof and the other Sections of this Indenture referred to in clauses (1) and (2) below, and the Guarantees and to have satisfied all its their other obligations under the such Notes, the Note Guarantees and this Indenture insofar as such Notes are concerned and have cured all then existing Events of Default (and the Trustee, on demand of and at the expense of the IssuerCompany, shall execute proper instruments acknowledging the same), except for the following provisions which shall will survive until otherwise terminated or discharged hereunder: : (1) the rights of Holders of outstanding Notes to receive payments in respect of the principal of (and premiumof, premium on, if any, interest on) and interest on the , such Notes when such payments are due, solely out of due from the trust created pursuant referred to this Indenture, in Section 8.04 hereof; (2) the IssuerCompany’s obligations with respect to the such Notes under Sections 3.04, 3.05, 3.06, 10.02 Article 2 and 10.03, Section 4.02 hereof; (3) the rights, powers, trusts, duties and immunities of the Trustee hereunder, hereunder and the obligations of each of the Guarantors Company’s and the Issuer Guarantors’ obligations in connection therewith and therewith; and (4) this Article Thirteen8. Subject to compliance with this Article Thirteen8, the Issuer Company may exercise its option under this Section 13.02 8.02 notwithstanding the prior exercise of its option under Section 13.03 with respect to the Notes8.03 hereof.

Appears in 3 contracts

Samples: Indenture (FirstCash Holdings, Inc.), Indenture (Firstcash, Inc), Supplemental Indenture (Firstcash, Inc)

Legal Defeasance and Discharge. Upon the IssuerCompany’s exercise under Section 13.01 8.01 hereof of the option applicable to this Section 13.028.02, the Company and each of the Issuer and Guarantors will, subject to the Guarantors shall satisfaction of the conditions set forth in Section 8.04 hereof, be deemed to have been discharged from its respective their obligations with respect to all Outstanding outstanding Notes and (including the Guarantees Note Guarantees) on the date the conditions set forth in Section 13.04 below are satisfied (hereinafter, “Legal Defeasance”). For this purpose, such Legal Defeasance means that each of the Issuer Company and the Guarantors shall will be deemed to have paid and discharged the entire indebtedness Indebtedness represented by the Outstanding Notesoutstanding Notes (including the Note Guarantees), which shall will thereafter be deemed to be “Outstandingoutstanding” only for the purposes of Section 13.05 8.05 hereof and the other Sections sections of this Indenture referred to in clauses (1) and (2) below, and the Guarantees and to have satisfied all its their other obligations under the such Notes, the Note Guarantees and this Indenture insofar as such Notes are concerned and have cured all then existing Events of Default (and the Trustee, on demand of and at the expense of the IssuerCompany, shall execute proper instruments acknowledging the same), except for the following provisions which shall will survive until otherwise terminated or discharged hereunder: : (1) the rights of Holders of outstanding Notes to receive payments in respect of the principal of (and of, or interest or premium, if any, on) and interest on the , such Notes when such payments are due, solely out of due from the trust created pursuant referred to this Indenture, in Section 8.04 hereof; (2) the IssuerCompany’s obligations with respect to the such Notes under Sections 3.04, 3.05, 3.06, 10.02 Article 2 and 10.03, Section 4.02 hereof; (3) the rights, powers, trusts, duties and immunities of the Trustee hereunder, hereunder and the obligations of each of the Guarantors Company’s and the Issuer Guarantors’ obligations in connection therewith and therewith; and (4) this Article Thirteen8. Subject to compliance with this Article Thirteen8, the Issuer Company may exercise its option under this Section 13.02 8.02 notwithstanding the prior exercise of its option under Section 13.03 with respect to the Notes8.03 hereof.

Appears in 3 contracts

Samples: Indenture (W&t Offshore Inc), Indenture (W&t Offshore Inc), Restructuring Support Agreement (Global Brokerage, Inc.)

Legal Defeasance and Discharge. Upon the IssuerCompany’s exercise under Section 13.01 8.01 of the option applicable to this Section 13.028.02, the Company and each of the Issuer and Guarantors will, subject to the Guarantors shall satisfaction of the conditions set forth in Section 8.04, be deemed to have been discharged from its respective their obligations with respect to all Outstanding outstanding Notes and (including the Guarantees Note Guarantees) on the date the conditions set forth in Section 13.04 below are satisfied (hereinafter, “Legal Defeasance”). For this purpose, such Legal Defeasance means that each of the Issuer Company and the Guarantors shall will be deemed to have paid and discharged the entire indebtedness Indebtedness represented by the Outstanding Notesoutstanding Notes (including the Note Guarantees), which shall will thereafter be deemed to be “Outstandingoutstanding” only for the purposes of Section 13.05 8.05 and the other Sections of this Indenture referred to in clauses (1) and (2) below, and the Guarantees and to have satisfied all its their other obligations under the such Notes, the Note Guarantees and this Indenture insofar as such Notes are concerned and have cured all then existing Events of Default (and the Trustee, on demand of and at the expense of the IssuerCompany, shall execute proper instruments acknowledging the same), except for the following provisions which shall will survive until otherwise terminated or discharged hereunder: : (1) the rights of Holders of outstanding Notes to receive payments in respect of the principal of (and premiumof, if anyor interest or premium on, on) and interest on the such Notes when such payments are due, solely out of due from the trust created pursuant referred to this Indenture, in Section 8.04; (2) the IssuerCompany’s obligations with respect to the such Notes under Sections 3.04, 3.05, 3.06, 10.02 Article 2 and 10.03, Section 4.02; (3) the rights, powers, trusts, duties and immunities of the Trustee hereunder, hereunder and the obligations of each of the Guarantors Company’s and the Issuer Guarantors’ obligations in connection therewith and therewith; and (4) this Article Thirteen8. Subject to compliance with this Article Thirteen8, the Issuer Company may exercise its option under this Section 13.02 8.02 notwithstanding the prior exercise of its option under Section 13.03 with respect to the Notes8.03.

Appears in 3 contracts

Samples: Indenture (Cheniere Corpus Christi Holdings, LLC), Indenture (Cheniere Corpus Christi Holdings, LLC), Indenture (Cheniere Corpus Christi Holdings, LLC)

Legal Defeasance and Discharge. Upon the IssuerCompany’s exercise under Section 13.01 8.01 hereof of the option applicable to this Section 13.028.02, the Company and each of the Issuer and Guarantors will, subject to the Guarantors shall satisfaction of the conditions set forth in Section 8.04 hereof, be deemed to have been discharged from its respective their obligations with respect to all Outstanding outstanding Notes and (including the Guarantees Note Guarantees) on the date the conditions set forth in Section 13.04 below are satisfied (hereinafter, “Legal Defeasance”). For this purpose, such Legal Defeasance means that each of the Issuer Company and the Guarantors shall will be deemed to have paid and discharged the entire indebtedness Indebtedness represented by the Outstanding Notesoutstanding Notes (including the Note Guarantees), which shall will thereafter be deemed to be “Outstandingoutstanding” only for the purposes of Section 13.05 8.05 hereof and the other Sections of this Indenture hereof referred to in clauses (1) and (2) below, and the Guarantees and to have satisfied all its their other obligations under the Notes, the Note Guarantees and this Indenture insofar as such Notes are concerned and have cured all then existing Events of Default (and the Trustee, on demand of and at the expense of the IssuerCompany, shall execute proper instruments acknowledging the same), except for the following provisions which shall will survive until otherwise terminated or discharged hereunder: : (1) the rights of Holders of outstanding Notes to receive payments in respect of the principal of (and of, premium, if any, on) and interest on the , or interest, if any, on, such Notes when such payments are due, solely out of due from the trust created pursuant referred to this Indenture, in Section 8.04 hereof; (2) the IssuerCompany’s obligations with respect to the such Notes under Sections 3.04, 3.05, 3.06, 10.02 Article 2 and 10.03, Section 4.02 hereof; (3) the rights, powers, trusts, duties and immunities of the Trustee hereunder, hereunder and the obligations of each of the Guarantors Company’s and the Issuer Guarantors’ obligations in connection therewith and therewith; and (4) this Article Thirteen8. Subject to compliance with this Article Thirteen8, the Issuer Company may exercise its option under this Section 13.02 8.02 notwithstanding the prior exercise of its option under Section 13.03 with respect to the Notes8.03 hereof.

Appears in 3 contracts

Samples: Indenture (Viper Energy Partners LP), Indenture (Rattler Midstream Lp), Indenture (Viper Energy Partners LP)

Legal Defeasance and Discharge. Upon the IssuerCompany’s exercise under Section 13.01 8.01 hereof of the option applicable to this Section 13.028.02, the Company and each of the Issuer and Guarantors will, subject to the Guarantors shall satisfaction of the conditions set forth in Section 8.04 hereof, be deemed to have been discharged from its respective their obligations with respect to all Outstanding outstanding Notes and (including the Guarantees Note Guarantees) on the date the conditions set forth in Section 13.04 below are satisfied (hereinafter, “Legal Defeasance”). For this purpose, such Legal Defeasance means that each of the Issuer Company and the Guarantors shall will be deemed to have paid and discharged the entire indebtedness Indebtedness represented by the Outstanding Notesoutstanding Notes (including the Note Guarantees), which shall will thereafter be deemed to be “Outstandingoutstanding” only for the purposes of Section 13.05 8.05 hereof and the other Sections of this Indenture referred to in clauses (1) and (2) below, and the Guarantees and to have satisfied all its their other obligations under the such Notes, the Note Guarantees and this Indenture insofar as such Notes are concerned and have cured all then existing Events of Default (and the Trustee, on demand of and at the expense of the IssuerCompany, shall execute proper instruments acknowledging the same), except for the following provisions which shall will survive until otherwise terminated or discharged hereunder: : (1) the rights of Holders of outstanding Notes to receive payments in respect of the principal of (and of, or interest or premium, if any, on) and interest on the such Notes when such payments are due, solely out of due from the trust created pursuant referred to this Indenture, in Section 8.04 hereof; (2) the IssuerCompany’s obligations with respect to the such Notes under Sections 3.04, 3.05, 3.06, 10.02 Article 2 and 10.03, Section 4.02 hereof; (3) the rights, powers, trusts, duties and immunities of the Trustee hereunder, hereunder and the obligations of each of the Guarantors Company’s and the Issuer Guarantors’ obligations in connection therewith and therewith; and (4) this Article Thirteen8. Subject to compliance with this Article Thirteen8, the Issuer Company may exercise its option under this Section 13.02 8.02 notwithstanding the prior exercise of its option under Section 13.03 with respect to the Notes8.03 hereof.

Appears in 3 contracts

Samples: Indenture (KCG Holdings, Inc.), Indenture (Brookstone Holdings Corp.), Indenture (Polaner Inc)

Legal Defeasance and Discharge. Upon the IssuerCompany’s exercise under Section 13.01 8.01 hereof of the option applicable to this Section 13.028.02, the Company and each of the Issuer and Guarantors will, subject to the Guarantors shall satisfaction of the conditions set forth in Section 8.04 hereof, be deemed to have been discharged from its respective their obligations with respect to all Outstanding outstanding Notes and (including the Guarantees Note Guarantees) on the date the conditions set forth in Section 13.04 below are satisfied (hereinafter, “Legal Defeasance”). For this purpose, such Legal Defeasance means that each of the Issuer Company and the Guarantors shall will be deemed to have paid and discharged the entire indebtedness Indebtedness represented by the Outstanding Notesoutstanding Notes (including the Note Guarantees), which shall will thereafter be deemed to be “Outstandingoutstanding” only for the purposes of Section 13.05 8.05 hereof and the other Sections of this Indenture referred to in clauses (1) and (2) below, and the Guarantees and to have satisfied all its their other obligations under the such Notes, the Note Guarantees and this Indenture insofar as such Notes are concerned and have cured all then existing Events of Default (and the Trustee, on demand of and at the expense of the IssuerCompany, shall execute proper instruments acknowledging the same), except for the following provisions which shall will survive until otherwise terminated or discharged hereunder: : (1) the rights of Holders of outstanding Notes to receive payments in respect of the principal of of, or interest (and including Special Interest, if any) or premium, if any, on) and interest on the , such Notes when such payments are due, solely out of due from the trust created pursuant referred to this Indenture, in Section 8.04 hereof; (2) the IssuerCompany’s obligations with respect to the such Notes under Sections 3.04, 3.05, 3.06, 10.02 Article 2 and 10.03, Section 4.02 hereof; (3) the rights, powers, trusts, duties and immunities of the Trustee hereunder, hereunder and the obligations of each of the Guarantors Company’s and the Issuer Guarantors’ obligations in connection therewith and therewith; and (4) this Article Thirteen8. Subject to compliance with this Article Thirteen8, the Issuer Company may exercise its option under this Section 13.02 8.02 notwithstanding the prior exercise of its option under Section 13.03 with respect to the Notes8.03 hereof.

Appears in 3 contracts

Samples: Indenture (Continental Airlines Inc /De/), Indenture (United Air Lines Inc), Indenture (United Air Lines Inc)

Legal Defeasance and Discharge. Upon the Issuer’s exercise under Section 13.01 8.01 hereof of the option applicable to this Section 13.028.02, Issuer and each of the Issuer and Guarantors will, subject to the Guarantors shall satisfaction of the conditions set forth in Section 8.04 hereof, be deemed to have been discharged from its respective their obligations with respect to all Outstanding outstanding Notes and (including the Guarantees Note Guarantees) on the date the conditions set forth in Section 13.04 below are satisfied (hereinafter, “Legal Defeasance”). For this purpose, such Legal Defeasance means that each of the Issuer and the Guarantors shall will be deemed to have paid and discharged the entire indebtedness Indebtedness represented by the Outstanding Notesoutstanding Notes (including the Note Guarantees), which shall will thereafter be deemed to be “Outstandingoutstanding” only for the purposes of Section 13.05 8.05 hereof and the other Sections of this Indenture referred to in clauses (1) and through (24) below, and the Guarantees and to have satisfied all its their other obligations under the such Notes, the Note Guarantees and this Indenture insofar as such Notes are concerned and have cured all then existing Events of Default (and the Trustee, on demand of and at the expense of the Issuer, shall execute proper instruments acknowledging the same), except for the following provisions which shall will survive until otherwise terminated or discharged hereunder: : (1) the rights of Holders of outstanding Notes to receive payments in respect of the principal of (of, or interest or premium and premiumAdditional Interest, if any, on) and interest on the , such Notes when such payments are due, solely out of due from the trust created pursuant referred to this Indenture, in Section 8.04 hereof; (2) the Issuer’s obligations with respect to the such Notes under Sections 3.04, 3.05, 3.06, 10.02 Article 2 and 10.03, Section 4.02 hereof; (3) the rights, powers, trusts, duties and immunities of the Trustee hereunder, hereunder and Issuer’s and the Guarantors’ obligations of each of the Guarantors and the Issuer in connection therewith and therewith; and (4) this Article Thirteen8. Subject to compliance with this Article Thirteen8, the Issuer may exercise its option under this Section 13.02 8.02 notwithstanding the prior exercise of its option under Section 13.03 with respect to the Notes8.03 hereof.

Appears in 3 contracts

Samples: Indenture (Superior Energy Services Inc), Indenture (Superior Energy Services Inc), Indenture (Superior Energy Services Inc)

Legal Defeasance and Discharge. Upon the Issuer’s Company's ------------------------------ exercise under Section 13.01 of the its option applicable to have this Section 13.028.02 applied to the outstanding Notes (in whole and not in part), each of the Issuer and the Guarantors Company shall be deemed to have been discharged from its respective obligations with respect to all Outstanding such Notes as provided in this Section 8.02 on and the Guarantees on after the date the conditions set forth in Section 13.04 8.04 hereof are satisfied (hereinafter, “Legal hereinafter called "Defeasance"). For this purpose, such Legal Defeasance means that each of the Issuer and the Guarantors Company shall be deemed to have paid and discharged the entire indebtedness represented by the Outstanding Notes, which shall thereafter be deemed to be “Outstanding” only for the purposes of Section 13.05 and the other Sections of this Indenture referred to in (1) and (2) below, and the Guarantees such Notes and to have satisfied all its other obligations under the Notes, Guarantees such Notes and this Indenture insofar as such Notes are concerned and have cured all then existing Events of Default (and the Trustee, at the expense of the IssuerCompany, shall execute proper instruments acknowledging the same), except for subject to the following which shall survive until otherwise terminated or discharged hereunder: : (1a) the rights of Holders of such Notes to receive receive, solely from the trust fund described in Section 8.04 hereof and as more fully set forth in such Section 8.04, payments in respect of the principal of (and premium, if any, on) any premium and interest on the such Notes when such payments are due, solely out of the trust created pursuant to this Indenture, , (2b) the Issuer’s Company's obligations with respect to the such Notes under Sections 3.042.09, 3.052.10, 3.062.12, 10.02 4.02 and 10.03, 4.03 hereof, (3c) the rights, powers, trusts, duties and immunities of the Trustee hereunderunder this Indenture, (d) Article III hereof, and the obligations of each of the Guarantors and the Issuer in connection therewith and and (4e) this Article ThirteenVIII. Subject to compliance with this Article ThirteenVIII, the Issuer Company may exercise its option under to have this Section 13.02 8.02 applied to the outstanding Notes (in whole and not in part) notwithstanding the prior exercise of its option under to have Section 13.03 with respect 8.03 hereof applied to the such Notes.

Appears in 3 contracts

Samples: Indenture (McLeodusa Inc), Indenture (McLeodusa Inc), Indenture (McLeodusa Inc)

Legal Defeasance and Discharge. (a) Upon the IssuerCompany’s exercise under Section 13.01 8.01 of the option applicable to this Section 13.028.02, the Company and each of the Issuer and Guarantors shall, subject to the Guarantors shall satisfaction of the conditions set forth in Section 8.04, be deemed to have been discharged from its respective their obligations with respect to this Indenture, all Outstanding outstanding Notes and the Note Guarantees on the date the conditions set forth in Section 13.04 below are satisfied (hereinafter, “Legal Defeasance”). For this purpose, such Legal Defeasance means that each of the Issuer Company and the Guarantors shall be deemed to have paid and discharged the entire indebtedness Indebtedness represented by the Outstanding Notesoutstanding Notes (including the Note Guarantees), which shall thereafter be deemed to be “Outstandingoutstanding” only for the purposes of Section 13.05 8.05 and the other Sections of this Indenture referred to in clauses (1) and through (24) below, and the Guarantees and to have satisfied all its of their other obligations under the such Notes, the Note Guarantees and this Indenture insofar as such Notes are concerned and have cured all then existing Events of Default (and the Trustee, on demand of and at the expense of the IssuerCompany, shall execute proper instruments acknowledging the same), except for the following provisions which shall survive until otherwise terminated or discharged hereunder: : (1) the rights of Holders of outstanding Notes to receive payments in respect of the principal of (and of, premium, if any, on) and , or interest on the Notes when such payments are due, solely out of due from the trust created pursuant referred to this Indenture, in Section 8.04; (2) the IssuerCompany’s obligations with respect to the Notes under Sections 3.04, 3.05, 3.06, 10.02 Article 2 and 10.03, Section 4.02; (3) the rights, powers, trusts, duties and immunities of the Trustee hereunder, and the obligations of each of the Guarantors Company’s and the Issuer Guarantors’ obligations in connection therewith and therewith; and (4) this Article Thirteen. 8. (b) Subject to compliance with this Article Thirteen8, the Issuer Company may exercise its option under this Section 13.02 8.02 notwithstanding the prior exercise of its option under Section 13.03 with respect to the Notes8.03.

Appears in 3 contracts

Samples: Indenture (Permian Resources Corp), Indenture (Permian Resources Corp), Indenture (Permian Resources Corp)

Legal Defeasance and Discharge. Upon the IssuerCompany’s exercise under Section 13.01 8.01 hereof of the option applicable to this Section 13.028.02, the Company and each of the Issuer and Guarantors will, subject to the Guarantors shall satisfaction of the conditions set forth in Section 8.04 hereof, be deemed to have been discharged from its respective their obligations with respect to all Outstanding outstanding Notes and (including the Guarantees Note Guarantees) on the date the conditions set forth in Section 13.04 below are satisfied (hereinafter, “Legal Defeasance”). For this purpose, such Legal Defeasance means that each of the Issuer Company and the Guarantors shall will be deemed to have paid and discharged the entire indebtedness Indebtedness represented by the Outstanding Notesoutstanding Notes (including the Note Guarantees), which shall will thereafter be deemed to be “Outstandingoutstanding” only for the purposes of Section 13.05 8.05 hereof and the other Sections of this Indenture referred to in clauses (1) and (2) below, and the Guarantees and to have satisfied all its their other obligations under the such Notes, the Note Guarantees and this Indenture insofar as such Notes are concerned and have cured all then existing Events of Default (and the Trustee, on demand of and at the expense of the IssuerCompany, shall execute proper instruments acknowledging the same), except for the following provisions which shall will survive until otherwise terminated or discharged hereunder: : (1) the rights of Holders of outstanding Notes to receive payments in respect of the principal of (of, or interest or premium and premiumSpecial Interest, if any, on) and interest on the , such Notes when such payments are due, solely out of due from the trust created pursuant referred to this Indenture, in Section 8.04 hereof; (2) the IssuerCompany’s obligations with respect to the such Notes under Sections 3.04, 3.05, 3.06, 10.02 Article 2 and 10.03, Section 4.02 hereof; (3) the rights, powers, trusts, duties and immunities of the Trustee hereunder, hereunder and the obligations of each of the Guarantors Company’s and the Issuer Guarantors’ obligations in connection therewith and therewith; and (4) this Article Thirteen8. Subject to compliance with this Article Thirteen8, the Issuer Company may exercise its option under this Section 13.02 8.02 notwithstanding the prior exercise of its option under Section 13.03 with respect to the Notes8.03 hereof.

Appears in 3 contracts

Samples: Indenture (Emmis Operating Co), Indenture (Exopack Holding Corp), Indenture (Fti Consulting Inc)

Legal Defeasance and Discharge. Upon the Issuer’s Company's exercise under Section 13.01 8.01 hereof of the option applicable to this Section 13.028.02, the Company and each of the Issuer and Guarantors will, subject to the Guarantors shall satisfaction of the conditions set forth in Section 8.04 hereof, be deemed to have been discharged from its respective their obligations with respect to all Outstanding outstanding Notes and (including the Guarantees Note Guarantees) on the date the conditions set forth in Section 13.04 below are satisfied (hereinafter, “Legal Defeasance”"LEGAL DEFEASANCE"). For this purpose, such Legal Defeasance means that each of the Issuer Company and the Guarantors shall will be deemed to have paid and discharged the entire indebtedness Indebtedness represented by the Outstanding Notesoutstanding Notes (including the Note Guarantees), which shall will thereafter be deemed to be “Outstanding” "outstanding" only for the purposes of Section 13.05 8.05 hereof and the other Sections of this Indenture referred to in clauses (1) and (2) below, and the Guarantees and to have satisfied all its their other obligations under the such Notes, the Note Guarantees and this Indenture insofar as such Notes are concerned and have cured all then existing Events of Default (and the Trustee, on demand of and at the expense of the IssuerCompany, shall execute proper instruments acknowledging the same), except for the following provisions which shall will survive until otherwise terminated or discharged hereunder: : (1) the rights of Holders of outstanding Notes to receive payments in respect of the principal of (of, or interest or premium and premiumLiquidated Damages, if any, on) and interest on the such Notes when such payments are due, solely out of due from the trust created pursuant referred to this Indenture, in Section 8.04 hereof; (2) the Issuer’s Company's obligations with respect to the such Notes under Sections 3.04, 3.05, 3.06, 10.02 Article 2 and 10.03, Section 4.02 hereof; (3) the rights, powers, trusts, duties and immunities of the Trustee hereunder, hereunder and the obligations of each of the Guarantors Company's and the Issuer Guarantors' obligations in connection therewith and therewith; and (4) this Article Thirteen8. Subject to compliance with this Article Thirteen8, the Issuer Company may exercise its option under this Section 13.02 8.02 notwithstanding the prior exercise of its option under Section 13.03 with respect to the Notes8.03 hereof.

Appears in 3 contracts

Samples: Indenture (Ap Holdings Inc), Indenture (Tsi Finance Inc), Indenture (Apcoa Standard Parking Inc /De/)

Legal Defeasance and Discharge. Upon the IssuerCompany’s exercise under Section 13.01 8.01 hereof of the option applicable to this Section 13.028.02, the Company and each of the Issuer and Guarantors shall, subject to the Guarantors shall satisfaction of the conditions set forth in Section 8.04 hereof, be deemed to have been discharged from its respective their obligations with respect to all Outstanding outstanding Notes and (including the Guarantees Note Guarantees) on the date the conditions set forth in Section 13.04 below are satisfied (hereinafter, “Legal Defeasance”). For this purpose, such Legal Defeasance means that each of the Issuer Company and the Guarantors shall be deemed to have paid and discharged the entire indebtedness Indebtedness represented by the Outstanding Notesoutstanding Notes (including the Note Guarantees), which shall thereafter be deemed to be “Outstandingoutstanding” only for the purposes of Section 13.05 8.05 hereof and the other Sections of this Indenture referred to in clauses (1) and (2) below, and the Guarantees and to have satisfied all its their other obligations under the such Notes, the Note Guarantees and this Indenture insofar as such Notes are concerned and have cured all then existing Events of Default (and the Trustee, on demand of and at the expense of the IssuerCompany, shall execute proper instruments acknowledging the samesame in form and substance reasonably satisfactory to the Trustee), except for the following provisions which shall survive until otherwise terminated or discharged hereunder: : (1) the rights of Holders of outstanding Notes to receive payments in respect of the principal of (and of, or interest or premium, if any, on) and interest on the , such Notes when such payments are due, solely out of due from the trust created pursuant referred to this Indenture, in Section 8.04 hereof; (2) the IssuerCompany’s obligations with respect to the such Notes under Sections 3.04, 3.05, 3.06, 10.02 Article II and 10.03, Section 4.02 hereof; (3) the rights, powers, trusts, duties and immunities of the Trustee hereunder, and the obligations of each of the Guarantors Company’s and the Issuer Guarantors’ obligations in connection therewith and therewith; and (4) this Article ThirteenVIII. Subject to compliance with this Article ThirteenVIII, the Issuer Company may exercise its option under this Section 13.02 8.02 notwithstanding the prior exercise of its option under Section 13.03 with respect to the Notes8.03 hereof.

Appears in 3 contracts

Samples: Indenture (Patrick Industries Inc), Indenture (Patrick Industries Inc), Indenture (American Woodmark Corp)

Legal Defeasance and Discharge. Upon the Issuer’s Issuers exercise under Section 13.01 8.01 hereof of the option applicable to this Section 13.028.02, the Issuers and each of the Issuer and Guarantors will, subject to the Guarantors shall satisfaction of the conditions set forth in Section 8.04 hereof, be deemed to have been discharged from its respective their obligations with respect to all Outstanding outstanding Notes and (including the Guarantees Note Guarantees) on the date the conditions set forth in Section 13.04 below are satisfied (hereinafter, “Legal Defeasance”). For this purpose, such Legal Defeasance means that each of the Issuer Issuers and the Guarantors shall will be deemed to have paid and discharged the entire indebtedness Indebtedness represented by the Outstanding Notesoutstanding Notes (including the Note Guarantees), which shall will thereafter be deemed to be “Outstandingoutstanding” only for the purposes of Section 13.05 8.05 hereof and the other Sections of this Indenture referred to in clauses (1) and (2) below, and the Guarantees and to have satisfied all its their other obligations under the such Notes, the Note Guarantees and this Indenture insofar as such Notes are concerned and have cured all then existing Events of Default (and the Trustee, on demand of and at the expense of the IssuerIssuers, shall execute proper instruments acknowledging the same), except for the following provisions which shall will survive until otherwise terminated or discharged hereunder: : (1) the rights of Holders of outstanding Notes to receive payments in respect of the principal of (and premiumof, premium on, if any, or interest, if any, on) and interest on the , such Notes when such payments are due, solely out of due from the trust created pursuant referred to this Indenture, in Section 8.05 hereof; (2) the Issuer’s Issuers’ obligations with respect to the such Notes under Sections 3.04, 3.05, 3.06, 10.02 Article 2 and 10.03, Section 4.02 hereof; (3) the rights, powers, trusts, duties and immunities of the Trustee hereunder, hereunder and the obligations of each of the Guarantors Issuers’ and the Issuer Guarantors’ obligations in connection therewith and therewith; and (4) this Article Thirteen8. Subject to compliance with this Article Thirteen8, the Issuer Issuers may exercise its their option under this Section 13.02 8.02 notwithstanding the prior exercise of its such option under Section 13.03 with respect to the Notes8.03 hereof.

Appears in 2 contracts

Samples: Indenture (Eldorado Resorts, Inc.), Indenture (NGA Holdco, LLC)

Legal Defeasance and Discharge. Upon the Issuer’s Issuers’ exercise under Section 13.01 8.01 hereof of the option applicable to this Section 13.028.02, the Issuers and each of the Issuer and Guarantors will, subject to the Guarantors shall satisfaction of the conditions set forth in Section 8.04 hereof, be deemed to have been discharged from its respective their obligations with respect to all Outstanding outstanding Notes and (including the Guarantees Note Guarantees) on the date the conditions set forth in Section 13.04 below are satisfied (hereinafter, “Legal Defeasance”). For this purpose, such Legal Defeasance means that each of the Issuer Issuers and the Guarantors shall will be deemed to have paid and discharged the entire indebtedness Debt represented by the Outstanding Notesoutstanding Notes (including the Note Guarantees), which shall will thereafter be deemed to be “Outstandingoutstanding” only for the purposes of Section 13.05 8.05 hereof and the other Sections of this Indenture referred to in clauses (1) and (2) below, and the Guarantees and to have satisfied all its their other obligations under the such Notes, the Note Guarantees and this Indenture insofar as such Notes are concerned and have cured all then existing Events of Default (and the Trustee, on demand of and at the expense of the IssuerIssuers, shall execute proper instruments acknowledging the same), except for the following provisions which shall will survive until otherwise terminated or discharged hereunder: : (1) the rights of Holders of outstanding Notes to receive payments in respect of the principal of (of, or interest or premium and premiumLiquidated Damages, if any, on) and interest on the such Notes when such payments are due, solely out of due from the trust created pursuant referred to this Indenture, in Section 8.04 hereof; (2) the Issuer’s Issuers’ obligations with respect to the such Notes under Sections 3.04, 3.05, 3.06, 10.02 Article 2 and 10.03, Section 4.02 hereof; (3) the rights, powers, trusts, duties and immunities of the Trustee hereunder, hereunder and the obligations of each of the Guarantors Issuers’ and the Issuer Guarantors’ obligations in connection therewith and therewith; and (4) this Article Thirteen8. Subject to compliance with this Article Thirteen8, the Issuer Issuers may exercise its their option under this Section 13.02 8.02 notwithstanding the prior exercise of its their option under Section 13.03 with respect to the Notes8.03 hereof.

Appears in 2 contracts

Samples: Indenture (Ventas Inc), Indenture (Ventas Inc)

Legal Defeasance and Discharge. Upon the Issuer’s Company's exercise under Section 13.01 8.01 hereof of the option applicable to this Section 13.028.02, the Company and each of the Issuer and Guarantors shall, subject to the Guarantors shall satisfaction of the conditions set forth in Section 8.04 hereof, be deemed to have been discharged from its respective their obligations with respect to all Outstanding outstanding Notes and (including the Guarantees Note Guarantees) on the date the conditions set forth in Section 13.04 below are satisfied (hereinafter, "Legal Defeasance"). For this purpose, such Legal Defeasance means that each of the Issuer Company and the Guarantors shall will be deemed to have paid and discharged the entire indebtedness Indebtedness represented by the Outstanding Notesoutstanding Notes (including the Note Guarantees), which shall will thereafter be deemed to be “Outstanding” "outstanding" only for the purposes of Section 13.05 8.05 hereof and the other Sections of this Indenture referred to in clauses (1) and (2) below, and the Guarantees and to have satisfied all its their other obligations under the such Notes, the Note Guarantees and this Indenture insofar as such Notes are concerned and have cured all then existing Events of Default (and the Trustee, on demand of and at the expense of the IssuerCompany, shall execute proper instruments acknowledging the same), except for the following provisions which shall will survive until otherwise terminated or discharged hereunder: : (1) the rights of Holders of outstanding Notes to receive payments in respect of the principal of (of, or interest or premium and premiumLiquidated Damages, if any, on) and interest on the such Notes when such payments are due, solely out of due from the trust created pursuant referred to this Indenture, in Section 8.04 hereof; (2) the Issuer’s Company's obligations with respect to the such Notes under Sections 3.04, 3.05, 3.06, 10.02 Article 2 and 10.03, Section 4.02 hereof; (3) the rights, powers, trusts, duties and immunities of the Trustee hereunder, hereunder and the obligations of each of the Guarantors Company's and the Issuer Guarantors' obligations in connection therewith and therewith; and (4) this Article Thirteen8. Subject to compliance with this Article Thirteen8, the Issuer Company may exercise its option under this Section 13.02 8.02 notwithstanding the prior exercise of its option under Section 13.03 with respect to the Notes8.03 hereof.

Appears in 2 contracts

Samples: Indenture (Corrections Corp of America), Indenture (Corrections Corp of America)

Legal Defeasance and Discharge. Upon the IssuerCompany’s exercise under Section 13.01 8.01 hereof of the option applicable to this Section 13.028.02, the Company and each of the Issuer and Guarantors will, subject to the Guarantors shall satisfaction of the conditions set forth in Section 8.04 hereof, be deemed to have been discharged from its respective their obligations with respect to all Outstanding outstanding Notes and (including the Guarantees Note Guarantees) on the date the conditions set forth in Section 13.04 below are satisfied (hereinafter, “Legal Defeasance”). For this purpose, such Legal Defeasance means that each of the Issuer Company and the Guarantors shall will be deemed to have paid and discharged the entire indebtedness Indebtedness represented by the Outstanding Notesoutstanding Notes (including the Note Guarantees), which shall will thereafter be deemed to be “Outstandingoutstanding” only for the purposes of Section 13.05 8.05 hereof and the other Sections of this Indenture referred to in clauses (1) and (2) below, and the Guarantees and to have satisfied all its their other obligations under the such Notes, the Note Guarantees and this Indenture insofar as such Notes are concerned and have cured all then existing Events of Default (and the Trustee, on written demand of and at the expense of the IssuerCompany, shall execute proper instruments provided by the Company acknowledging the same), except for the following provisions which shall will survive until otherwise terminated or discharged hereunder: : (1) the rights of Holders of outstanding Notes to receive payments in respect of the principal of (and premiumof, premium on, if any, or interest on) and interest on the , such Notes when such payments are due, solely out of due from the trust created pursuant referred to this Indenture, in Section 8.04 hereof; (2) the IssuerCompany’s obligations with respect to the such Notes under Sections 3.04, 3.05, 3.06, 10.02 Article 2 and 10.03, Section 4.02 and Section 7.07 hereof; (3) the rights, powers, trusts, duties and immunities of the Trustee hereunder, hereunder and the obligations of each of the Guarantors Company’s and the Issuer Guarantors’ obligations in connection therewith and therewith; and (4) this Article Thirteen8. Subject to compliance with this Article Thirteen8, the Issuer Company may exercise its option under this Section 13.02 8.02 notwithstanding the prior exercise of its option under Section 13.03 with respect to the Notes8.03 hereof.

Appears in 2 contracts

Samples: Indenture (WHX Corp), Indenture (Handy & Harman Ltd.)

Legal Defeasance and Discharge. (a) Upon the IssuerCompany’s exercise under Section 13.01 8.01 of the option applicable to this Section 13.028.02, each of the Issuer Company and the Guarantors shall shall, subject to the satisfaction of the conditions set forth in Section 8.04, be deemed to have been discharged from its respective their obligations with respect to this Indenture, all Outstanding outstanding Notes and the Note Guarantees on the date the conditions set forth in Section 13.04 below are satisfied (hereinafter, “Legal Defeasance”). For this purpose, such Legal Defeasance means that each of the Issuer and the Guarantors shall be deemed to have paid and discharged the entire indebtedness represented by the Outstanding Notes, which shall thereafter be deemed to be “Outstanding” only for the purposes of Section 13.05 and the other Sections of this Indenture referred to in (1) and (2) below, and the Guarantees and to have satisfied all its other obligations under the Notes, Guarantees and this Indenture insofar as such Notes are concerned and have cured all then existing Events of Default (and the Trustee, at the expense of the Issuer, shall execute proper instruments acknowledging the same), except for the following provisions which shall survive until otherwise terminated or discharged hereunder: : (1) the rights of Holders of such Notes to receive payments in respect of the principal of (and any premium, if any, on) and interest on the such Notes when such payments are due, solely out of the trust created pursuant to this Indenture, Indenture referred to in Section 8.04; (2) the IssuerCompany’s obligations with respect to such Notes concerning issuing temporary Notes, registration of Notes, mutilated, destroyed, lost or stolen Notes and the Notes under Sections 3.04, 3.05, 3.06, 10.02 maintenance of an office or agency for payment and 10.03, money for security payments held in trust; (3) the rights, powers, trusts, duties and immunities of the Trustee hereunder, and the Company’s obligations of each of the Guarantors and the Issuer in connection therewith and therewith; and (4) this Article Thirteen. Section 8.02. (b) Following the Company’s exercise of its Legal Defeasance option, payment of the Notes may not be accelerated because of an Event of Default. (c) Subject to compliance with this Article Thirteen8, the Issuer Company may exercise its option under this Section 13.02 8.02 notwithstanding the prior exercise of its option under Section 13.03 with respect to the Notes8.03.

Appears in 2 contracts

Samples: Indenture (Matthews International Corp), Indenture (Matthews International Corp)

Legal Defeasance and Discharge. Upon the IssuerCompany’s exercise under Section 13.01 8.01 hereof of the option applicable to this Section 13.028.02, the Company and each of the Issuer and Guarantors shall, subject to the Guarantors shall satisfaction of the conditions set forth in Section 8.04 hereof, be deemed to have been discharged from its respective their obligations with respect to all Outstanding outstanding Notes and (including the Guarantees Subsidiary Guarantees) on the date the conditions set forth in Section 13.04 below are satisfied (hereinafter, “Legal Defeasance”). For this purpose, such Legal Defeasance means that each of the Issuer Company and the Guarantors shall will be deemed to have paid and discharged the entire indebtedness Indebtedness represented by the Outstanding Notesoutstanding Notes (including the Subsidiary Guarantees), which shall will thereafter be deemed to be “Outstandingoutstanding” only for the purposes of Section 13.05 8.05 hereof and the other Sections of this Indenture referred to in clauses (1) and (2) below, and the Guarantees and to have satisfied all its their other obligations under the such Notes, the Subsidiary Guarantees and this Indenture insofar as such Notes are concerned and have cured all then existing Events of Default (and the Trustee, on demand of and at the expense of the IssuerCompany, shall execute proper instruments acknowledging the same), except for the following provisions which shall survive until otherwise terminated or discharged hereunder: : (1) the rights of Holders of outstanding Notes to receive payments in respect of the principal of (of, or interest or premium and premiumSpecial Interest, if any, on) and interest on the Notes when such these payments are due, solely out of due from the trust created pursuant referred to this Indenture, in Section 8.04 hereof; (2) the IssuerCompany’s obligations with respect to the Notes under Sections 3.04, 3.05, 3.06, 10.02 Article 2 and 10.03, Section 4.02 hereof; (3) the rights, powers, trusts, duties and immunities of the Trustee hereunder, hereunder and the obligations of each of the Guarantors Company’s and the Issuer Guarantors’ obligations in connection therewith and therewith; and (4) this Article Thirteen8. Subject to compliance with this Article Thirteen8, the Issuer Company may exercise its option under this Section 13.02 8.02 notwithstanding the prior exercise of its option under Section 13.03 with respect to the Notes8.03 hereof.

Appears in 2 contracts

Samples: Indenture (Johnson Polymer Inc), Indenture (Johnson Polymer Inc)

Legal Defeasance and Discharge. Upon the IssuerCompany’s exercise under Section 13.01 8.01 hereof of the option applicable to this Section 13.028.02, the Company and each of the Issuer and Guarantors will, subject to the Guarantors shall satisfaction of the conditions set forth in Section 8.04 hereof, be deemed to have been discharged from its respective their obligations with respect to all Outstanding outstanding Notes and (including the Guarantees Note Guarantees) on the date the conditions set forth in Section 13.04 below are satisfied (hereinafter, “Legal Defeasance”). For this purpose, such Legal Defeasance means that each of the Issuer Company and the Guarantors shall will be deemed to have paid and discharged the entire indebtedness Debt represented by the Outstanding Notesoutstanding Notes (including the Note Guarantees), which shall will thereafter be deemed to be “Outstandingoutstanding” only for the purposes of Section 13.05 8.05 hereof and the other Sections of this Indenture referred to in clauses (1) and (2) below, and the Guarantees and to have satisfied all its their other obligations under the such Notes, the Note Guarantees and this Indenture insofar as such Notes are concerned and have cured all then existing Events of Default (and the Trustee, on demand of and at the expense of the IssuerCompany, shall execute proper instruments acknowledging the same), except for the following provisions which shall will survive until otherwise terminated or discharged hereunder: : (1) the rights of Holders of outstanding Notes to receive payments in respect of the principal of (and of, or interest or premium, if any, on) and interest on the , such Notes when such payments are due, solely out of due from the trust created pursuant referred to this Indenture, in Section 8.04 hereof; (2) the IssuerCompany’s obligations with respect to the such Notes under Sections 3.04, 3.05, 3.06, 10.02 Article 2 and 10.03, Section 4.02 hereof; (3) the rights, powers, trusts, duties and immunities of the Trustee hereunder, hereunder and the obligations of each of the Guarantors Company’s and the Issuer Guarantors’ obligations in connection therewith and therewith; and (4) this Article Thirteen8. Subject to compliance with this Article Thirteen8, the Issuer Company may exercise its option under this Section 13.02 8.02 notwithstanding the prior exercise of its option under Section 13.03 with respect to the Notes8.03 hereof.

Appears in 2 contracts

Samples: Indenture (Aci Worldwide, Inc.), Indenture (Digitalglobe, Inc.)

Legal Defeasance and Discharge. Upon the IssuerCompany’s exercise under Section 13.01 8.01 hereof of the option applicable to this Section 13.028.02, the Company and each of the Issuer and Guarantors will, subject to the Guarantors shall satisfaction of the conditions set forth in Section 8.04 hereof, be deemed to have been discharged from its respective their obligations with respect to all Outstanding outstanding Notes and (including the Guarantees Subsidiary Guarantees) on the date the conditions set forth in Section 13.04 below are satisfied (hereinafter, “Legal Defeasance”). For this purpose, such Legal Defeasance means that each of the Issuer Company and the Guarantors shall will be deemed to have paid and discharged the entire indebtedness Indebtedness represented by the Outstanding Notesoutstanding Notes (including the Subsidiary Guarantees), which shall will thereafter be deemed to be “Outstandingoutstanding” only for the purposes of Section 13.05 8.05 hereof and the other Sections of this Indenture referred to in clauses (1) and (2) below, and the Guarantees and to have satisfied all its their other obligations under the such Notes, the Subsidiary Guarantees and this Indenture insofar as such Notes are concerned and have cured all then existing Events of Default (and the Trustee, on demand of and at the expense of the IssuerCompany, shall execute proper instruments acknowledging the same), except for the following provisions which shall will survive until otherwise terminated or discharged hereunder: : (1) the rights of Holders of outstanding Notes to receive payments in respect of the principal of (of, or interest or premium and premiumLiquidated Damages, if any, on) and interest on the such Notes when such payments are due, solely out of due from the trust created pursuant referred to this Indenture, in Section 8.04 hereof; (2) the IssuerCompany’s obligations with respect to the such Notes under Sections 3.04, 3.05, 3.06, 10.02 Article 2 and 10.03, Section 4.02 hereof; (3) the rights, powers, trusts, duties and immunities of the Trustee hereunder, hereunder and the obligations of each of the Guarantors Company’s and the Issuer Guarantors’ obligations in connection therewith and therewith; and (4) this Article Thirteen8. Subject to compliance with this Article Thirteen8, the Issuer Company may exercise its option under this Section 13.02 8.02 notwithstanding the prior exercise of its option under Section 13.03 with respect to the Notes8.03 hereof.

Appears in 2 contracts

Samples: Indenture (Newmarket Corp), Indenture (Gardner Denver Inc)

Legal Defeasance and Discharge. Upon the IssuerCompany’s exercise under Section 13.01 8.01 hereof of the option applicable to this Section 13.028.02, the Company and each of the Issuer and Guarantors will, subject to the Guarantors shall satisfaction of the conditions set forth in Section 8.04 hereof, be deemed to have been discharged from its respective their obligations with respect to all Outstanding outstanding Notes and (including the Guarantees Note Guarantees) on the date the conditions set forth in Section 13.04 below are satisfied (hereinafter, “Legal Defeasance”). For this purpose, such Legal Defeasance means that each of the Issuer Company and the Guarantors shall will be deemed to have paid and discharged the entire indebtedness Indebtedness represented by the Outstanding Notesoutstanding Notes (including the Note Guarantees), which shall will thereafter be deemed to be “Outstandingoutstanding” only for the purposes of Section 13.05 8.05 hereof and the other Sections of this Indenture referred to in clauses (1) and (2) below, and the Guarantees and to have satisfied all its their other obligations under the such Notes, the Note Guarantees and this Indenture insofar as such Notes are concerned and have cured all then existing Events of Default (and the Trustee, on demand of and at the expense of the IssuerCompany, shall execute proper instruments acknowledging the same), except for the following provisions which shall will survive until otherwise terminated or discharged hereunder: : (1) the rights of Holders of outstanding Notes to receive payments in respect of the principal of (and premiumof, if anyor interest or premium on, on) and interest on the such Notes when such payments are due, solely out of due from the trust created pursuant referred to this Indenture, in Section 8.04 hereof; (2) the IssuerCompany’s obligations with respect to the such Notes under Sections 3.04, 3.05, 3.06, 10.02 Article 2 and 10.03, Section 4.02 hereof; (3) the rights, powers, trusts, duties and immunities of the Trustee hereunder, hereunder and the obligations of each of the Guarantors Company’s and the Issuer Guarantors’ obligations in connection therewith and therewith; and (4) this Article Thirteen8. Subject to compliance with this Article Thirteen8, the Issuer Parent and the Company may exercise its their option under this Section 13.02 8.02 notwithstanding the prior exercise of its option under Section 13.03 with respect to the Notes8.03 hereof.

Appears in 2 contracts

Samples: Indenture (Angiotech America, Inc.), Indenture (Angiotech Pharmaceuticals Inc)

Legal Defeasance and Discharge. Upon the Issuer’s Issuers’ exercise under Section 13.01 8.01 of the option applicable to this Section 13.028.02, each Issuer and each of the Issuer and Guarantors will, subject to the Guarantors shall satisfaction of the conditions set forth in Section 8.04, be deemed to have been discharged from its respective their obligations with respect to all Outstanding outstanding Notes and (including the Guarantees Note Guarantees) on the date the conditions set forth in Section 13.04 below are satisfied (hereinafter, “Legal Defeasance”). For this purpose, such Legal Defeasance means that each of the Issuer Issuers and the Guarantors shall will be deemed to have paid and discharged the entire indebtedness Indebtedness represented by the Outstanding Notesoutstanding Notes (including the Note Guarantees), which shall will thereafter be deemed to be “Outstandingoutstanding” only for the purposes of Section 13.05 8.05 and the other Sections of this Indenture referred to in clauses (1) and (2) below, and the Guarantees and to have satisfied all its their other obligations under the such Notes, the Note Guarantees and this Indenture insofar as such Notes are concerned and have cured all then existing Events of Default (and the Trustee, on demand of and at the expense of the IssuerIssuers, shall execute proper instruments acknowledging the same), except for the following provisions which shall will survive until otherwise terminated or discharged hereunder: : (1) the rights of Holders of outstanding Notes to receive payments in respect of the principal of (and of, or premium, if any, or interest and Liquidated Damages, if any, on) and interest on the , such Notes when such payments are due, solely out of due from the trust created pursuant referred to this Indenture, in Section 8.04; (2) the Issuer’s Issuers’ obligations with respect to the Notes under Sections 3.04Section 2.04, 3.05Section 2.06, 3.06Section 2.07, 10.02 Section 2.10 and 10.03, Section 4.02; (3) the rights, powers, trusts, duties and immunities of the Trustee hereunder, hereunder and the obligations of each of the Guarantors Issuers’ and the Issuer Guarantors’ obligations in connection therewith and therewith; and (4) the Legal Defeasance provisions of this Article Thirteen8. Subject to compliance with this Article Thirteen8, the Issuer Company may exercise its option under this Section 13.02 8.02 notwithstanding the prior exercise of its option under Section 13.03 with respect to the Notes8.03.

Appears in 2 contracts

Samples: Indenture (Tetra Technologies Inc), Indenture (Compressco Partners, L.P.)

Legal Defeasance and Discharge. Upon the IssuerCompany’s exercise under Section 13.01 8.01 hereof of the option applicable to this Section 13.028.02, the Company and each of the Issuer and Guarantors will, subject to the Guarantors shall satisfaction of the conditions set forth in Section 8.04 hereof, be deemed to have been discharged from its respective their obligations with respect to all Outstanding outstanding Notes and (including the Guarantees Note Guarantees) on the date the conditions set forth in Section 13.04 below are satisfied (hereinafter, “Legal Defeasance”). For this purpose, such Legal Defeasance means that each of the Issuer Company and the Guarantors shall will be deemed to have paid and discharged the entire indebtedness Indebtedness represented by the Outstanding Notesoutstanding Notes (including the Note Guarantees), which shall will thereafter be deemed to be “Outstandingoutstanding” only for the purposes of Section 13.05 8.05 hereof and the other Sections of this Indenture referred to in clauses (1) and (2) below, and the Guarantees and to have satisfied all its their other obligations under the such Notes, the Note Guarantees and this Indenture insofar as such Notes are concerned and have cured all then existing Events of Default (and the Trustee, on demand of and at the expense of the IssuerCompany, shall execute proper instruments acknowledging the same), except for the following provisions which shall will survive until otherwise terminated or discharged hereunder: : (1) the rights of Holders of outstanding Notes to receive payments in respect of the principal of (and premiumof, or interest, premium or Special Interest, if any, on) and interest on the , such Notes when such payments are due, solely out of due from the trust created pursuant referred to this Indenture, in Section 8.04 hereof; (2) the IssuerCompany’s obligations with respect to the such Notes under Sections 3.04, 3.05, 3.06, 10.02 Article 2 and 10.03, Section 4.02 hereof; (3) the rights, powers, trusts, duties and immunities of the Trustee hereunder, hereunder and the obligations of each of the Guarantors Company’s and the Issuer Guarantors’ obligations in connection therewith and therewith; and (4) this Article Thirteen8. Subject to compliance with this Article Thirteen8, the Issuer Company may exercise its option under this Section 13.02 8.02 notwithstanding the prior exercise of its option under Section 13.03 with respect to the Notes8.03 hereof.

Appears in 2 contracts

Samples: Indenture (Global Crossing LTD), Indenture (Global Crossing LTD)

Legal Defeasance and Discharge. Upon the IssuerCompany’s exercise under Section 13.01 8.01 hereof of the option applicable to this Section 13.028.02, the Company and each of the Issuer and Guarantors will, subject to the Guarantors shall satisfaction of the conditions set forth in Section 8.04 hereof, be deemed to have been discharged from its respective their obligations with respect to all Outstanding outstanding Notes and (including the Guarantees Note Guarantees) on the date the conditions set forth in Section 13.04 below are satisfied (hereinafter, “Legal Defeasance”). For this purpose, such Legal Defeasance means that each of the Issuer Company and the Guarantors shall will be deemed to have paid and discharged the entire indebtedness Indebtedness represented by the Outstanding Notesoutstanding Notes (including the Note Guarantees), which shall will thereafter be deemed to be “Outstandingoutstanding” only for the purposes of Section 13.05 8.05 hereof and the other Sections of this Indenture referred to in clauses (1) and (2) below, and the Guarantees and to have satisfied all its their other obligations under the such Notes, the Note Guarantees and this Indenture insofar as such Notes are concerned and have cured all then existing Events of Default (and the Trustee, on demand of and at the expense of the IssuerCompany, shall execute proper instruments acknowledging the same), except for the following provisions which shall will survive until otherwise terminated or discharged hereunder: : (1) the rights of Holders of outstanding Notes to receive payments in respect of the principal of (and of, or interest or premium, if any, on) and interest on the , such Notes when such payments are due, solely out of due from the trust created pursuant referred to this Indenture, in Section 8.05 hereof; (2) the IssuerCompany’s obligations with respect to the such Notes under Sections 3.04, 3.05, 3.06, 10.02 Article 2 and 10.03, Section 4.02 hereof; (3) the rights, powers, trusts, duties and immunities of the Trustee hereunder, hereunder and the obligations of each of the Guarantors Company’s and the Issuer Guarantors’ obligations in connection therewith and therewith; and (4) this Article Thirteen8 (excluding the provisions of this Article 8 with respect to Covenant Defeasance). Subject to compliance with this Article Thirteen8, the Issuer Company may exercise its option under this Section 13.02 8.02 notwithstanding the prior exercise of its option under Section 13.03 with respect to the Notes8.03 hereof.

Appears in 2 contracts

Samples: Indenture (Unisys Corp), Indenture (Unisys Corp)

Legal Defeasance and Discharge. Upon the Issuer’s Company's exercise under Section 13.01 8.01 hereof of the option applicable to this Section 13.028.02, the Company and each of the Issuer and Guarantors will, subject to the Guarantors shall satisfaction of the conditions set forth in Section 8.04 hereof, be deemed to have been discharged from its respective their obligations with respect to all Outstanding outstanding Notes and (including the Guarantees Note Guarantees) on the date the conditions set forth in Section 13.04 below are satisfied (hereinafter, "Legal Defeasance"). For this purpose, such Legal Defeasance means that each of the Issuer Company and the Guarantors shall will be deemed to have paid and discharged the entire indebtedness Indebtedness represented by the Outstanding Notesoutstanding Notes (including the Note Guarantees), which shall will thereafter be deemed to be “Outstanding” "outstanding" only for the purposes of Section 13.05 8.05 hereof and the other Sections of this Indenture referred to in clauses (1) and (2) belowof this Section 8.02, and the Guarantees and to have satisfied all its their other obligations under the such Notes, the Note Guarantees and this Indenture insofar as such Notes are concerned and have cured all then existing Events of Default (and the Trustee, on demand of and at the expense of the IssuerCompany, shall execute proper instruments acknowledging the same), except for the following provisions which shall will survive until otherwise terminated or discharged hereunder: : (1) the rights of Holders of outstanding Notes to receive payments in respect of the principal of (and of, or interest or premium, if any, on) and interest on the , such Notes when such payments are due, solely out of due from the trust created pursuant referred to this Indenture, in Section 8.04 hereof; (2) the Issuer’s obligations Company's Obligations with respect to the such Notes under Sections 3.04, 3.05, 3.06, 10.02 Article II (other than Section 2.12) and 10.03, Section 4.02 hereof; (3) the rights, powers, trusts, duties and immunities of the Trustee hereunder, hereunder and the obligations of each of the Guarantors Company's and the Issuer Guarantors' Obligations in connection therewith and therewith; and (4) this Article ThirteenVIII. Subject to compliance with this Article ThirteenVIII, the Issuer Company may exercise its option under this Section 13.02 8.02 notwithstanding the prior exercise of its option under Section 13.03 with respect to the Notes8.03 hereof.

Appears in 2 contracts

Samples: Indenture (Appleton Papers Inc/Wi), Indenture (Paperweight Development Corp)

Legal Defeasance and Discharge. (a) Upon the Issuer’s Company's exercise under Section 13.01 8.01 of the option applicable to this Section 13.028.02 and subject to the satisfaction of the conditions set forth in Section 8.04, the Subsidiary Guarantees shall be released and the Company and each of the Issuer and the Guarantors shall be deemed to have been discharged from its respective their obligations with respect to all Outstanding outstanding Notes and (including the Guarantees Subsidiary Guarantees) on the date the conditions set forth in Section 13.04 below are satisfied (hereinafter, "Legal Defeasance"). For this purpose, such Legal Defeasance means that each of the Issuer Company and the Guarantors shall will be deemed to have paid and discharged the entire indebtedness Indebtedness represented by the Outstanding Notesoutstanding Notes (including the Subsidiary Guarantees), which shall thereafter be deemed to be “Outstanding” "outstanding" only for the purposes of Section 13.05 8.05 and the other Sections of this Indenture referred to in clauses (1) and (2) below, and the Guarantees and to have satisfied all its their other obligations under the such Notes, the Subsidiary Guarantees and this Indenture insofar as such Notes are concerned and have cured all then existing Events of Default (and the Trustee, on demand of and at the expense of the IssuerCompany, shall execute proper instruments acknowledging the same), except for the following provisions which shall survive until otherwise terminated or discharged hereunder: : (1) the rights of Holders of outstanding Notes to receive payments in respect of the principal of (and of, or interest or premium, if any, on) and interest on the such Notes when such payments are due, solely out of due from the trust created pursuant referred to this Indenture, in Section 8.04; (2) the Issuer’s Company's obligations with respect to the such Notes under Sections 3.04, 3.05, 3.06, 10.02 Article 2 and 10.03, Section 4.02; (3) the rights, powers, trusts, duties and immunities of the Trustee hereunder, hereunder and the obligations of each of the Guarantors Company's and the Issuer Guarantors' obligations in connection therewith and therewith; and (4) this Article Thirteen. 8. (b) Subject to compliance with this Article Thirteen8, the Issuer Company may exercise its option under this Section 13.02 8.02 notwithstanding the prior exercise of its option under Section 13.03 with respect to the Notes8.03.

Appears in 2 contracts

Samples: Indenture (Covanta Energy Corp), Indenture (Covanta Energy Corp)

Legal Defeasance and Discharge. Upon the Issuer’s Company's exercise under Section 13.01 8.01 hereof of the option applicable to this Section 13.028.02, each the Company shall, subject to the satisfaction of the Issuer and the Guarantors shall conditions set forth in Section 8.04 hereof, be deemed to have been discharged from its respective obligations with respect to all Outstanding outstanding Notes and all obligations of the Guarantors with respect to their Subsidiary Guarantees on the date the conditions set forth in Section 13.04 below are satisfied (hereinafter, "Legal Defeasance"). For this purpose, such Legal Defeasance means that each of the Issuer and the Guarantors Company shall be deemed to have paid and discharged the entire indebtedness Indebtedness represented by the Outstanding Notesoutstanding Notes and Subsidiary Guarantees, which shall thereafter be deemed to be “Outstanding” "outstanding" only for the purposes of Section 13.05 8.05 hereof and the other Sections of this Indenture referred to in (1a) and (2b) below, and the Guarantees and to have satisfied all its other obligations under the Notes, Guarantees such Notes and this Indenture insofar as such Notes are concerned and have cured all then existing Events of Default (and the Trustee, on demand of and at the expense of the IssuerCompany, shall execute proper instruments acknowledging the same), except for the following provisions which shall survive until otherwise terminated or discharged hereunder: (1a) the rights of Holders of outstanding Notes to receive payments in respect of the principal of (and of, premium, if any, on) or interest and interest Liquidated Damages, if any, on the such Notes when such payments are due, due solely out of from the trust created pursuant to this Indenturefund described in Section 8.04 hereof, (2b) the Issuer’s Company's obligations with respect to the such Notes under Sections 3.042.06, 3.052.07, 3.06, 10.02 2.10 and 10.034.02 hereof, (3c) the rights, powers, trusts, duties and immunities of the Trustee hereunder, hereunder and the Company's obligations of each of the Guarantors and the Issuer in connection therewith and (4d) this Article Thirteen8. Subject to compliance with this Article Thirteen8, the Issuer Company may exercise its option under this Section 13.02 8.02 notwithstanding the prior exercise of its option under Section 13.03 with respect to the Notes8.03 hereof.

Appears in 2 contracts

Samples: Indenture (Ames Department Stores Inc), Indenture (Ames Department Stores Inc)

Legal Defeasance and Discharge. Upon the IssuerCompany’s exercise under Section 13.01 8.01 hereof of the option applicable to this Section 13.028.02, the Company and each of the Issuer and Subsidiary Guarantors will, subject to the Guarantors shall satisfaction of the conditions set forth in Section 8.04 hereof, be deemed to have been discharged from its respective their obligations with respect to all Outstanding outstanding Notes and (including the Guarantees Note Guarantees) on the date the conditions set forth in Section 13.04 below are satisfied (hereinafter, “Legal Defeasance”). For this purpose, such Legal Defeasance means that each of the Issuer Company and the Subsidiary Guarantors shall will be deemed to have paid and discharged the entire indebtedness Indebtedness represented by the Outstanding Notesoutstanding Notes (including the Note Guarantees), which shall will thereafter be deemed to be “Outstandingoutstanding” only for the purposes of Section 13.05 8.05 hereof and the other Sections of this Indenture referred to in clauses (1) and (2) below, and the Guarantees and to have satisfied all its their other obligations under the such Notes, the Note Guarantees and this Indenture insofar as such Notes are concerned and have cured all then existing Events of Default (and the Trustee, on demand of and at the expense of the IssuerCompany, shall execute proper instruments acknowledging the same), except for the following provisions which shall will survive until otherwise terminated or discharged hereunder: : (1) the rights of Holders of outstanding Notes to receive payments in respect of the principal of (and of, or interest or premium, if any, on) and interest on the such Notes when such payments are due, solely out of due from the trust created pursuant referred to this Indenture, in Section 8.04 hereof; (2) the IssuerCompany’s obligations with respect to the such Notes under Sections 3.04, 3.05, 3.06, 10.02 Article 2 and 10.03, Section 4.02 hereof; (3) the rights, powers, trusts, duties and immunities of the Trustee hereunder, hereunder and the obligations of each of the Guarantors Company’s and the Issuer Subsidiary Guarantors’ obligations in connection therewith and therewith; and (4) this Article Thirteen8. Subject to compliance with this Article Thirteen8, the Issuer Company may exercise its option under this Section 13.02 8.02 notwithstanding the prior exercise of its option under Section 13.03 with respect to the Notes8.03 hereof.

Appears in 2 contracts

Samples: Indenture (Hanesbrands Inc.), Bridge Loan Agreement (Hanesbrands Inc.)

Legal Defeasance and Discharge. Upon the IssuerCompany’s exercise under Section 13.01 8.01 of the option applicable to this Section 13.028.02, the Company and each of the Issuer and Guarantors will, subject to the Guarantors shall satisfaction of the conditions set forth in Section 8.04, be deemed to have been discharged from its respective their obligations with respect to all Outstanding outstanding Notes and (including the Guarantees Note Guarantees) on the date the conditions set forth in Section 13.04 below are satisfied (hereinafter, “Legal Defeasance”). For this purpose, such Legal Defeasance means that each of the Issuer Company and the Guarantors shall will be deemed to have paid and discharged the entire indebtedness Indebtedness represented by the Outstanding Notesoutstanding Notes (including the Note Guarantees), which shall will thereafter be deemed to be “Outstandingoutstanding” only for the purposes of Section 13.05 8.05 and the other Sections of this Indenture referred to in clauses (1) and (2) below, and the Guarantees and to have satisfied all its their other obligations under the such Notes, the Note Guarantees and this Indenture insofar as such Notes are concerned and have cured all then existing Events of Default (and the Trustee, on demand of and at the expense of the IssuerCompany, shall execute proper instruments acknowledging the samesame in form and substance reasonably satisfactory to the Trustee), except for the following provisions which shall will survive until otherwise terminated or discharged hereunder: : (1) the rights of Holders of outstanding Notes to receive payments in respect of the principal of (and of, or interest or premium, if any, on) and interest on the , such Notes when such payments are due, solely out of due from the trust created pursuant referred to this Indenture, in Section 8.04; (2) the IssuerCompany’s obligations with respect to the such Notes under Sections 3.04, 3.05, 3.06, 10.02 Article II and 10.03, Section 4.02; (3) the rights, powers, trusts, duties and immunities of the Trustee hereunder, and the obligations of each of the Guarantors Company’s and the Issuer Guarantors’ obligations in connection therewith and therewith; and (4) this Article ThirteenVIII. Subject to compliance with this Article ThirteenVIII, the Issuer Company may exercise its option under this Section 13.02 8.02 notwithstanding the prior exercise of its option under Section 13.03 with respect to the Notes8.03.

Appears in 2 contracts

Samples: Indenture (Emergent BioSolutions Inc.), Indenture (MTS Systems Corp)

Legal Defeasance and Discharge. Upon the IssuerCompany’s exercise under Section 13.01 22.1 hereof of the option applicable to this Section 13.0222.2, the Company and each of the Issuer and Subsidiary Guarantors will, subject to the Guarantors shall satisfaction of the conditions set forth in Section 22.4 hereof, be deemed to have been discharged from its respective their obligations with respect to all Outstanding outstanding Notes and (including the Guarantees Subsidiary Guaranties) on the date the conditions set forth in Section 13.04 below are satisfied (hereinafter, “Legal Defeasance”). For this purpose, such Legal Defeasance means that each of the Issuer Company and the Subsidiary Guarantors shall will be deemed to have paid and discharged the entire indebtedness Indebtedness represented by the Outstanding Notesoutstanding Notes (including the Subsidiary Guaranties), which shall will thereafter be deemed to be “Outstandingoutstanding” only for the purposes of Section 13.05 22.5 hereof and the other Sections of this Indenture Agreement referred to in clauses (1) and (2) below, and the Guarantees and to have satisfied all its their other obligations under the such Notes, Guarantees the Subsidiary Guaranties and this Indenture insofar as such Notes are concerned and have cured all then existing Events of Default Agreement (and the Trusteeholders, on demand of and at the expense of the IssuerCompany, shall execute proper instruments acknowledging the same), except for the following provisions which shall will survive until otherwise terminated or discharged hereunder: : (1) the rights of Holders holders of outstanding Notes to receive payments in respect of the principal of (and premiumof, premium on, if any, or interest on) and interest on the , such Notes when such payments are due, solely out of due from the trust created pursuant referred to this Indenture, in Section 22.4 hereof; (2) the IssuerCompany’s obligations with respect to the such Notes under Sections 3.04, 3.05, 3.06, 10.02 and 10.03, Section 8.1 hereof; and (3) the rights, powers, trusts, duties and immunities of the Trustee hereunder, and the obligations of each of the Guarantors and the Issuer in connection therewith and (4) this Article ThirteenSection 22. Subject to compliance with this Article ThirteenSection 22, the Issuer Company may exercise its option under this Section 13.02 22.2 notwithstanding the prior exercise of its option under Section 13.03 with respect to the Notes22.3 hereof.

Appears in 2 contracts

Samples: Note Purchase Agreement (Hecla Mining Co/De/), Note Purchase Agreement (Hecla Mining Co/De/)

Legal Defeasance and Discharge. Upon the IssuerCompany’s exercise under Section 13.01 8.01 hereof of the option applicable to this Section 13.028.02, the Company and each of the Issuer and Guarantors will, subject to the Guarantors shall satisfaction of the conditions set forth in Section 8.04 hereof, be deemed to have been discharged from its respective their obligations with respect to all Outstanding outstanding Notes (including the note guarantees) and the Guarantees this Indenture on the date the conditions set forth in Section 13.04 below are satisfied (hereinafter, “Legal Defeasance”). For this purpose, such Legal Defeasance means that each of the Issuer Company and the Guarantors shall will be deemed to have paid and discharged the entire indebtedness Indebtedness represented by the Outstanding Notesoutstanding Notes (including the note guarantees), which shall will thereafter be deemed to be “Outstandingoutstanding” only for the purposes of Section 13.05 8.05 hereof and the other Sections of this Indenture referred to in clauses (1) and (2) below, and the Guarantees and to have satisfied all its their other obligations under the such Notes, Guarantees the note guarantees and this Indenture insofar as such Notes are concerned and have cured all then existing Events of Default (and the Trustee, on demand of and at the expense of the IssuerCompany, shall execute proper instruments acknowledging the same), except for the following provisions which shall will survive until otherwise terminated or discharged hereunder: : (1) the rights of Holders of outstanding Notes to receive payments in respect of the principal of principal, interest or premium (and premiumincluding special interest, if any), if any, on) and interest on the such Notes when such payments are due, solely out of due from the trust created pursuant referred to this Indenture, in Section 8.04 hereof; (2) the IssuerCompany’s obligations with respect to the such Notes under Sections 3.04, 3.05, 3.06, 10.02 Article 2 and 10.03, Section 4.02 hereof; (3) the rights, powers, trusts, duties and immunities of the Trustee hereunder, hereunder and the obligations of each of the Guarantors Company’s and the Issuer Guarantors’ obligations in connection therewith and therewith; and (4) this Article Thirteen8. Subject to compliance with this Article Thirteen8, the Issuer Company may exercise its option under this Section 13.02 8.02 notwithstanding the prior exercise of its option under Section 13.03 with respect to the Notes8.03 hereof.

Appears in 2 contracts

Samples: Indenture (Nutra Sales Corp), Indenture (Nutra Sales Corp)

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Legal Defeasance and Discharge. Upon the IssuerCompany’s exercise under Section 13.01 8.01 hereof of the option applicable to this Section 13.028.02, the Company and each of the Issuer and Guarantors will, subject to the Guarantors shall satisfaction of the conditions set forth in Section 8.04 hereof, be deemed to have been discharged from its respective their obligations with respect to all Outstanding outstanding Notes and (including the Guarantees Note Guarantees) on the date the conditions set forth in Section 13.04 below are satisfied (hereinafter, “Legal Defeasance”). For this purpose, such Legal Defeasance means that each of the Issuer Company and the Guarantors shall will be deemed to have paid and discharged the entire indebtedness Indebtedness represented by the Outstanding Notesoutstanding Notes (including the Note Guarantees), which shall will thereafter be deemed to be “Outstandingoutstanding” only for the purposes of Section 13.05 8.05 hereof and the other Sections of this Indenture referred to in clauses (1) and (2) below, and the Guarantees and to have satisfied all its their other obligations under the such Notes, the Note Guarantees and this Indenture insofar as such Notes are concerned and have cured all then existing Events of Default (and the Trustee, on demand of and at the expense of the IssuerCompany, shall execute proper instruments acknowledging the same), except for the following provisions which shall will survive until otherwise terminated or discharged hereunder: : (1) the rights of Holders of outstanding Notes to receive payments in respect of the principal of (and premiumof, premium on, if any, interest or Special Interest, if any, on) and interest on the , such Notes when such payments are due, solely out of due from the trust created pursuant referred to this Indenture, in Section 8.04 hereof; (2) the IssuerCompany’s obligations with respect to the such Notes under Sections 3.04, 3.05, 3.06, 10.02 Article 2 and 10.03, Section 4.02 hereof; (3) the rights, powers, trusts, duties and immunities of the Trustee hereunder, and the obligations of each of the Guarantors Company’s and the Issuer Guarantors’ obligations in connection therewith and therewith; and (4) this Article Thirteen8. Subject to compliance with this Article Thirteen8, the Issuer Company may exercise its option under this Section 13.02 8.02 notwithstanding the prior exercise of its option under Section 13.03 with respect to the Notes8.03 hereof.

Appears in 2 contracts

Samples: Indenture (Hecla Mining Co/De/), Indenture (Coeur D Alene Mines Corp)

Legal Defeasance and Discharge. Upon the IssuerCompany’s exercise under Section 13.01 8.01 hereof of the option applicable to this Section 13.028.02, the Company and each of the Issuer and Guarantors will, subject to the Guarantors shall satisfaction of the conditions set forth in Section 8.04 hereof, be deemed to have been discharged from its respective their obligations with respect to all Outstanding outstanding Notes (including the Note Guarantees) on and the Guarantees on after the date the conditions set forth in Section 13.04 below are satisfied (hereinafter, “Legal Defeasance”). For this purpose, such Legal Defeasance means that each of the Issuer Company and the Guarantors shall will be deemed to have paid and discharged the entire indebtedness Indebtedness represented by the Outstanding Notesoutstanding Notes (including the Note Guarantees), which shall will thereafter be deemed to be “Outstandingoutstanding” only for the purposes of Section 13.05 8.05 hereof and the other Sections of this Indenture referred to in clauses (1) and (2) below, and the Guarantees and to have satisfied all its their other obligations under the such Notes, the Note Guarantees and this Indenture insofar as such Notes are concerned and have cured all then existing Events of Default (and the Trustee, on demand of and at the expense of the IssuerCompany, shall execute proper instruments acknowledging the same), except for the following provisions which shall will survive until otherwise terminated or discharged hereunder: : (1) the rights of Holders of outstanding Notes to receive payments in respect of the principal of (of, or interest or premium and premiumSpecial Interest, if any, on) and interest on the , such Notes when such payments are due, solely out of due from the trust created pursuant referred to this Indenture, in Section 8.04 hereof; (2) the IssuerCompany’s obligations with respect to the such Notes under Sections 3.04, 3.05, 3.06, 10.02 Article 2 and 10.03, Section 4.02 hereof; (3) the rights, powers, trusts, duties and immunities of the Trustee hereunder, hereunder and the obligations of each of the Guarantors Company’s and the Issuer Guarantors’ obligations in connection therewith and therewith; and (4) Sections 8.01, 8.02, 8.04, 8.05, 8.06 and 8.07 of this Article Thirteen8. Subject to compliance with this Article Thirteen8, the Issuer Company may exercise its option under this Section 13.02 8.02 notwithstanding the prior exercise of its option under Section 13.03 8.03 hereof. If the Company exercises its Legal Defeasance option, each Guarantor will be released from all of its obligations with respect to the Notesits Note Guarantee.

Appears in 2 contracts

Samples: Indenture (Park Ohio Holdings Corp), Indenture (Park Ohio Industries Inc/Oh)

Legal Defeasance and Discharge. Upon the Issuer’s Company's exercise under Section 13.01 8.01 hereof of the option applicable to this Section 13.028.02, the Company and each of the Issuer and Guarantors will, subject to the Guarantors shall satisfaction of the conditions set forth in Section 8.04 hereof, be deemed to have been discharged from its respective their obligations with respect to all Outstanding outstanding Notes and (including the Guarantees Note Guarantees) on the date the conditions set forth in Section 13.04 below are satisfied (hereinafter, "Legal Defeasance"). For this purpose, such Legal Defeasance means that each of the Issuer Company and the Guarantors shall will be deemed to have paid and discharged the entire indebtedness Indebtedness represented by the Outstanding Notesoutstanding Notes (including the Note Guarantees), which shall will thereafter be deemed to be “Outstanding” "outstanding" only for the purposes of Section 13.05 8.05 hereof and the other Sections of this Indenture referred to in clauses (1) and (2) below, and the Guarantees and to have satisfied all its their other obligations under the such Notes, the Note Guarantees and this Indenture insofar as such Notes are concerned and have cured all then existing Events of Default (and the Trustee, on demand of and at the expense of the IssuerCompany, shall execute proper instruments acknowledging the same), except for the following provisions which shall will survive until otherwise terminated or discharged hereunder: : (1) the rights of Holders of outstanding Notes to receive payments in respect of the principal of (of, or interest or premium and premiumAdditional Interest, if any, on) and interest on the , such Notes when such payments are due, solely out of due from the trust created pursuant referred to this Indenture, in Section 8.04 hereof; (2) the Issuer’s Company's obligations with respect to the such Notes under Sections 3.04, 3.05, 3.06, 10.02 Article 2 and 10.03, Section 4.02 hereof; (3) the rights, powers, trusts, duties and immunities of the Trustee hereunder, hereunder and the obligations of each of the Guarantors Company's and the Issuer Guarantors' obligations in connection therewith and therewith; and (4) this Article Thirteen8. Subject to compliance with this Article Thirteen8, the Issuer Company may exercise its option under this Section 13.02 8.02 notwithstanding the prior exercise of its option under Section 13.03 with respect to the Notes.8.03 hereof. -95-

Appears in 2 contracts

Samples: Indenture (Dresser-Rand Group Inc.), Indenture (Dresser-Rand Group Inc.)

Legal Defeasance and Discharge. Upon the Issuer’s exercise by the Company under Section 13.01 12.01 of the option applicable to this Section 13.0212.02, each of the Issuer and the Guarantors Company shall be deemed to have been discharged from its respective obligations any and all Obligations with respect to all Outstanding Notes (and the Guarantees any Guarantor will be discharged from any and all Obligations in respect of its Note Guaranty) on the date which is the 123rd day after the deposit referred to in Section 12.04(a); provided that all of the conditions set forth in Section 13.04 12.04 are satisfied (hereinafter, “Legal Defeasance”). For this purpose, such Legal Defeasance means that each of the Issuer and the Guarantors Company shall be deemed to have paid and discharged the entire indebtedness represented by the Outstanding Notes, which shall thereafter be deemed to be “Outstandingoutstanding” only for the purposes of Section 13.05 12.05 hereof and the other Sections of this Indenture referred to in clauses (1i) and (2ii) belowof this Section 12.02, and the Guarantees and to have satisfied all its other obligations under the Notes, Guarantees such Notes and this Indenture insofar as such Notes are concerned and have cured all then existing Events of Default (and the Trustee, on demand of and at the expense of the IssuerCompany, shall execute proper instruments acknowledging the same), except for the following provisions which shall survive until otherwise terminated or discharged hereunder: (1i) the rights of Holders of Outstanding Notes to receive solely from the trust fund described in Section 12.04 hereof, and as more fully set forth in such Section, payments in respect of the principal of (and of, premium, if any, on) and interest on the such Notes when such payments are due, solely out (ii) the obligations of the trust created pursuant to this Indenture, (2) the Issuer’s obligations Company with respect to the such Notes under Sections 1.06, 3.03, 3.04, 3.05, 3.06, 10.02 3.13, 4.01, 4.02, 4.03 and 10.0312.05 hereof, and (3iii) the rights, powers, trusts, duties and immunities of the Trustee hereunder, including, without limitation, the Trustee’s rights under Section 7.08 hereof, and the obligations of each of the Guarantors and the Issuer Company in connection therewith and (4) with this Article Thirteen12. Subject to compliance with this Article Thirteen12, the Issuer Company may exercise its option under this Section 13.02 12.02 notwithstanding the prior exercise of its option under Section 13.03 12.03 hereof with respect to the Notes.

Appears in 2 contracts

Samples: Indenture (Eastman Kodak Co), Indenture (Eastman Kodak Co)

Legal Defeasance and Discharge. Upon the Issuer’s Company's exercise under Section 13.01 8.01 hereof of the option applicable to this Section 13.028.02, the Company and each of the Issuer and Guarantors will, subject to the Guarantors shall satisfaction of the conditions set forth in Section 8.04 hereof, be deemed to have been discharged from its respective their obligations with respect to all Outstanding outstanding Notes and (including the Guarantees Subsidiary Guarantees) on the date the conditions set forth in Section 13.04 below are satisfied (hereinafter, "Legal Defeasance"). For this purpose, such Legal Defeasance means that each of the Issuer Company and the Guarantors shall will be deemed to have paid and discharged the entire indebtedness Indebtedness represented by the Outstanding Notesoutstanding Notes (including the Subsidiary Guarantees), which shall will thereafter be deemed to be “Outstanding” "outstanding" only for the purposes of Section 13.05 8.05 hereof and the other Sections of this Indenture referred to in clauses (1) and (2) below, and the Guarantees and to have satisfied all its their other obligations under the such Notes, the Subsidiary Guarantees and this Indenture insofar as such Notes are concerned and have cured all then existing Events of Default (and the Trustee, on demand of and at the expense of the IssuerCompany, shall execute proper instruments acknowledging the same), except for the following provisions which shall will survive until otherwise terminated or discharged hereunder: : (1) the rights of Holders of outstanding Notes to receive payments in respect of the principal of (of, or interest or premium and premiumAdditional Interest, if any, on) and interest on the such Notes when such payments are due, solely out of due from the trust created pursuant referred to this Indenture, in Section 8.04 hereof; (2) the Issuer’s Company's obligations with respect to the such Notes under Sections 3.04, 3.05, 3.06, 10.02 Article 2 and 10.03, Section 4.02 hereof; (3) the rights, powers, trusts, duties and immunities of the Trustee hereunder, hereunder and the obligations of each of the Guarantors Company's and the Issuer Guarantors' obligations in connection therewith and therewith; and (4) this Article Thirteen8. Subject to compliance with this Article Thirteen8, the Issuer Company may exercise its option under this Section 13.02 8.02 notwithstanding the prior exercise of its option under Section 13.03 with respect to the Notes8.03 hereof.

Appears in 2 contracts

Samples: Indenture (Icon Health & Fitness Inc), Indenture (Icon Health & Fitness Inc)

Legal Defeasance and Discharge. Upon the Issuer’s exercise under Section 13.01 8.01 of the option applicable to this Section 13.028.02, the Issuer and each of the Issuer and Guarantors shall, subject to the Guarantors shall satisfaction of the conditions set forth in Section 8.04, be deemed to have been discharged from its respective their obligations with respect to all Outstanding outstanding Notes and (including the Guarantees Note Guarantees) on the date the conditions set forth in Section 13.04 8.04 are satisfied (hereinafter, “Legal Defeasance”). For this purpose, such Legal Defeasance means that each of the Issuer and the Guarantors shall be deemed to have paid and discharged the entire indebtedness Indebtedness represented by the Outstanding Notesoutstanding Notes (including the Note Guarantees), which shall thereafter be deemed to be “Outstandingoutstanding” only for the purposes of Section 13.05 8.05 and the other Sections of this Indenture referred to in clauses (1) and (2) below, and the Guarantees and to have satisfied all its their other obligations under the such Notes, the Note Guarantees and this Indenture insofar as such Notes are concerned and have cured all then existing Events of Default (and the Trustee, on demand of and at the expense of the Issuer, shall execute proper instruments acknowledging the same), except for the following provisions which shall survive until otherwise terminated or discharged hereunder: : (1) the rights of Holders of outstanding Notes to receive payments in respect of the principal of (and of, or interest or premium, if any, on) and interest on the , such Notes when such payments are due, solely out of due from the trust created pursuant referred to this Indenture, in Section 8.04; (2) the Issuer’s obligations with respect to the such Notes under Sections 3.04, 3.05, 3.06, 10.02 Article 2 and 10.03, Section 4.02; (3) the rights, powers, trusts, duties and immunities of the Trustee hereunder, hereunder and the obligations of each of the Guarantors Issuer’s and the Issuer Guarantors’ obligations in connection therewith and therewith; and (4) this Article Thirteen8. Subject to compliance with this Article ThirteenSection 8.02, the Issuer may exercise its option under this Section 13.02 8.02 notwithstanding the prior exercise of its their option under Section 13.03 with respect to the Notes8.03.

Appears in 2 contracts

Samples: Indenture (Taylor Morrison Home Corp), Indenture (Taylor Morrison Home Corp)

Legal Defeasance and Discharge. Upon the Issuer’s Company's exercise under Section 13.01 8.01 hereof of the option applicable to this Section 13.028.02, the Company and each of the Issuer and Guarantors will, subject to the Guarantors shall satisfaction of the conditions set forth in Section 8.04 hereof, be deemed to have been discharged from its respective their obligations with respect to all Outstanding outstanding Notes and (including the Guarantees Subsidiary Guarantees) on the date the conditions set forth in Section 13.04 below are satisfied (hereinafter, "Legal Defeasance"). For this purpose, such Legal Defeasance means that each of the Issuer Company and the Guarantors shall will be deemed to have paid and discharged the entire indebtedness Indebtedness represented by the Outstanding Notesoutstanding Notes (including the Subsidiary Guarantees), which shall will thereafter be deemed to be “Outstanding” "outstanding" only for the purposes of Section 13.05 8.05 hereof and the other Sections of this Indenture referred to in clauses (1) and (2) below, and the Guarantees and to have satisfied all its their other obligations under the such Notes, the Subsidiary Guarantees and this Indenture insofar as such Notes are concerned and have cured all then existing Events of Default (and the Trustee, on demand of and at the expense of the IssuerCompany, shall execute proper instruments acknowledging the same), except for the following provisions which shall will survive until otherwise terminated or discharged hereunder: : (1) the rights of Holders of outstanding Notes to receive payments in respect of the principal of (of, or interest or premium and premiumLiquidated Damages, if any, on) and interest on the such Notes when such payments are due, solely out of due from the trust created pursuant referred to this Indenture, in Section 8.04 hereof; (2) the Issuer’s Company's obligations with respect to the such Notes under Sections 3.04, 3.05, 3.06, 10.02 Article 2 and 10.03, Section 4.02 hereof; (3) the rights, powers, trusts, duties and immunities of the Trustee hereunder, hereunder and the obligations of each of the Guarantors Company's and the Issuer Guarantors'obligations in connection therewith and therewith; and (4) this Article Thirteen8. Subject to compliance with this Article Thirteen8, the Issuer Company may exercise its option under this Section 13.02 8.02 notwithstanding the prior exercise of its option under Section 13.03 with respect to the Notes8.03 hereof.

Appears in 2 contracts

Samples: First Supplemental Indenture (Jarden Corp), Indenture (Alltrista Corp)

Legal Defeasance and Discharge. Upon the IssuerCompany’s exercise under Section 13.01 8.01 hereof of the option applicable to this Section 13.028.02, the Company and each of the Issuer and Guarantors will, subject to the Guarantors shall satisfaction of the conditions set forth in Section 8.04 hereof, be deemed to have been discharged from its respective their obligations with respect to all Outstanding outstanding Notes and (including the Guarantees Note Guarantees) on the date the conditions set forth in Section 13.04 below are satisfied (hereinafter, “Legal Defeasance”). For this purpose, such Legal Defeasance means that each of the Issuer Company and the Guarantors shall will be deemed to have paid and discharged the entire indebtedness Indebtedness represented by the Outstanding Notesoutstanding Notes (including the Note Guarantees), which shall will thereafter be deemed to be “Outstandingoutstanding” only for the purposes of Section 13.05 8.05 hereof and the other Sections of this Indenture referred to in clauses (1) and (2) belowof this Section 8.02, and the Guarantees and to have satisfied all its their other obligations under the such Notes, the Note Guarantees and this Indenture insofar as such Notes are concerned and have cured all then existing Events of Default (and the Trustee, on demand of and at the expense of the IssuerCompany, shall execute proper instruments acknowledging the same), except for the following provisions which shall will survive until otherwise terminated or discharged hereunder: : (1) the rights of Holders of outstanding Notes to receive payments in respect of the principal of (and of, or interest or premium, if any, on) and interest on the , such Notes when such payments are due, solely out of due from the trust created pursuant referred to this Indenture, in Section 8.05 hereof; (2) the IssuerCompany’s obligations with respect to the Notes under Article 2 and Sections 3.044.01, 3.05, 3.06, 10.02 4.02 and 10.03, 4.18 hereof; (3) the rights, powers, trusts, duties and immunities of the Trustee hereunderTrustee, and the obligations of each of the Guarantors Company’s and the Issuer Guarantors’ obligations in connection therewith and therewith; and (4) this Article Thirteen8. Subject to compliance with this Article Thirteen8, the Issuer Company may exercise its option under this Section 13.02 8.02 notwithstanding the prior exercise of its option under Section 13.03 with respect to the Notes8.03 hereof.

Appears in 2 contracts

Samples: Indenture (Greenfire Resources Ltd.), Indenture (Greenfire Resources Ltd.)

Legal Defeasance and Discharge. Upon the IssuerCompany’s exercise under Section 13.01 8.01 of the option applicable to this Section 13.028.02, the Company and each of the Issuer and Guarantors will, subject to the Guarantors shall satisfaction of the conditions set forth in Section 8.04, be deemed to have been discharged from its respective their obligations with respect to all Outstanding outstanding Notes (including the Guarantees) and the Guarantees this Indenture on the date the conditions set forth in Section 13.04 below are satisfied (hereinafter, “Legal Defeasance”). For this purpose, such Legal Defeasance means that each of the Issuer Company and the Guarantors shall will be deemed to have paid and discharged the entire indebtedness Debt represented by the Outstanding Notesoutstanding Notes (including the Guarantees), which shall will thereafter be deemed to be “Outstandingoutstanding” only for the purposes of Section 13.05 8.05 and the other Sections of this Indenture referred to in clauses (1a) and (2b) below, and the Guarantees and to have satisfied all its of their other obligations under the such Notes, Guarantees and the Guarantees, this Indenture insofar as such Notes are concerned and have cured all then existing Events of Default (and the Trustee, on demand of and at the expense of the IssuerCompany, shall execute proper instruments acknowledging the same), except for the following provisions which shall will survive until otherwise terminated or discharged hereunder: : (1a) the rights of Holders of outstanding Notes to receive payments in respect of the principal of (and of, premium, if any, or interest on) and interest on the , such Notes when such payments are due, solely out of due from the trust created pursuant referred to this Indenture, in Section 8.04; (2b) the IssuerCompany’s obligations with respect to the such Notes under Sections 3.04, 3.05, 3.06, 10.02 and 10.03, Article 2; (3c) the rights, powers, trusts, duties and immunities of the Trustee hereunderTrustee, Paying Agent and Registrar hereunder and the obligations of each of the Guarantors Company’s and the Issuer Guarantors’ obligations in connection therewith and therewith; and (4d) this Article ThirteenSection 8.02. Subject to compliance with this Article Thirteen8, the Issuer Company may exercise its option under this Section 13.02 8.02 notwithstanding the prior exercise of its option under Section 13.03 with respect to the Notes8.03.

Appears in 2 contracts

Samples: Indenture (Cleveland-Cliffs Inc.), Indenture (Cleveland-Cliffs Inc.)

Legal Defeasance and Discharge. Upon the Issuer’s Issuers’ exercise under Section 13.01 8.01 hereof of the option applicable to this Section 13.028.02, the Issuers and each of the Issuer and Guarantors will, subject to the Guarantors shall satisfaction of the conditions set forth in Section 8.04 hereof, be deemed to have been discharged from its respective their obligations with respect to all Outstanding outstanding Notes and the Guarantees on the date the conditions set forth in Section 13.04 below are satisfied (hereinafter, “Legal Defeasance”). For this purpose, such Legal Defeasance means that each of the Issuer Issuers and the Guarantors shall will be deemed to have paid and discharged the entire indebtedness Indebtedness represented by the Outstanding Notesoutstanding Notes and the Guarantees, which shall will thereafter be deemed to be “Outstandingoutstanding” only for the purposes of Section 13.05 8.05 hereof and the other Sections of this Indenture referred to in clauses (1) and (2) below, and the Guarantees and to have satisfied all its their other obligations under the such Notes, the Guarantees and this Indenture insofar as such Notes are concerned and have cured all then existing Events of Default (and the Trustee, on demand of and at the expense of the IssuerIssuers, shall execute proper instruments acknowledging the same), except for the following provisions which shall will survive until otherwise terminated or discharged hereunder: : (1) the rights of Holders of outstanding Notes to receive payments in respect of the principal of (of, or interest or premium and premiumLiquidated Damages, if any, on) and interest on the , such Notes when such payments are due, solely out of due from the trust created pursuant referred to this Indenture, in Section 8.04 hereof; (2) the Issuer’s Issuers’ obligations with respect to the such Notes under Sections 3.04, 3.05, 3.06, 10.02 Article 2 and 10.03, Section 4.02 hereof; (3) the rights, powers, trusts, duties and immunities of the Trustee hereunder, hereunder and the obligations of each of the Guarantors Issuers’ and the Issuer Guarantors’ obligations in connection therewith and therewith; and (4) this Article Thirteen8. Subject to compliance with this Article Thirteen8, the Issuer Issuers may exercise its option under this Section 13.02 8.02 notwithstanding the prior exercise of its option under Section 13.03 with respect to the Notes8.03 hereof.

Appears in 2 contracts

Samples: Indenture (HNS Finance Corp.), Indenture (Hughes Communications, Inc.)

Legal Defeasance and Discharge. Upon the Issuer’s Company's exercise under Section 13.01 of the its option applicable to have this Section 13.028.02 applied to the outstanding Notes (in whole and not in part), each of the Issuer and the Guarantors Company shall be deemed to have been discharged from its respective obligations with respect to all Outstanding such Notes as provided in this Section 8.02 on and the Guarantees on after the date the conditions set forth in Section 13.04 8.04 hereof are satisfied (hereinafter, “Legal hereinafter called "Defeasance"). For this purpose, such Legal Defeasance means that each of the Issuer and the Guarantors Company shall be deemed to have paid and discharged the entire indebtedness represented by the Outstanding Notes, which shall thereafter be deemed to be “Outstanding” only for the purposes of Section 13.05 and the other Sections of this Indenture referred to in (1) and (2) below, and the Guarantees such Notes and to have satisfied all its other obligations under the Notes, Guarantees such Notes and this Indenture insofar as such Notes are concerned and have cured all then existing Events of Default (and the Trustee, at the expense of the IssuerCompany, shall execute proper instruments acknowledging the same), except for subject to the following which shall survive until otherwise terminated or discharged hereunder: : (1a) the rights of Holders of such Notes to receive receive, solely from the trust fund described in Section 8.04 hereof and as more fully set forth in such Section 8.04, payments in respect of the principal of (and premium, if any, on) any premium and interest on the such Notes when such payments are due, solely out of the trust created pursuant to this Indenture, , (2b) the Issuer’s Company's obligations with respect to the such Notes under Sections 3.042.09, 3.052.10, 3.062.12, 10.02 4.02 and 10.03, 4.03 hereof, (3c) the rights, powers, trusts, duties and immunities of the Trustee hereunderunder this Indenture, (d) Article III hereof, and the obligations of each of the Guarantors and the Issuer in connection therewith and and (4e) this Article ThirteenVIII. Subject to compliance with this Article ThirteenVIII, the Issuer Company may exercise its option under to have this Section 13.02 8.02 applied to the outstanding Notes (in whole and not in part) notwithstanding the prior exercise of its option under to have Section 13.03 with respect 8.03 hereof applied to the such Notes.

Appears in 2 contracts

Samples: Indenture (McLeodusa Inc), Indenture (McLeodusa Inc)

Legal Defeasance and Discharge. Upon the Issuer’s Company's exercise under Section 13.01 8.01 hereof of the option applicable to this Section 13.028.02, the Company and each of the Issuer and Guarantors shall, subject to the Guarantors shall satisfaction of the conditions set forth in Section 8.04 hereof, be deemed to have been discharged from its respective their obligations with respect to all Outstanding outstanding Notes and (including the Guarantees Note Guarantees) on the date the conditions set forth in Section 13.04 below are satisfied (hereinafter, "Legal Defeasance"). For this purpose, such Legal Defeasance means that each of the Issuer Company and the Guarantors shall will be deemed to have paid and discharged the entire indebtedness Indebtedness represented by the Outstanding Notesoutstanding Notes (including the Note Guarantees), which shall will thereafter be deemed to be “Outstanding” "outstanding" only for the purposes of Section 13.05 8.05 hereof and the other Sections of this Indenture referred to in clauses (1) and (2) below, and the Guarantees and to have satisfied all its their other obligations under the such Notes, the Note Guarantees and this Indenture insofar as such Notes are concerned and have cured all then existing Events of Default (and the Trustee, on demand of and at the expense of the IssuerCompany, shall execute proper instruments acknowledging the same), except for the following provisions which shall will survive until otherwise terminated or discharged hereunder: : (1) the rights of Holders of outstanding Notes to receive payments in respect of the principal of (and of, or interest or premium, if any, on) and interest on the such Notes when such payments are due, solely out of due from the trust created pursuant referred to this Indenture, in Section 8.04 hereof; (2) the Issuer’s Company's obligations with respect to the such Notes under Sections 3.04, 3.05, 3.06, 10.02 Article 2 and 10.03, Section 4.02 hereof; (3) the rights, powers, trusts, duties and immunities of the Trustee hereunder, hereunder and the obligations of each of the Guarantors Company's and the Issuer Guarantors' obligations in connection therewith and therewith; and (4) this Article Thirteen8. Subject to compliance with this Article Thirteen8, the Issuer Company may exercise its option under this Section 13.02 8.02 notwithstanding the prior exercise of its option under Section 13.03 with respect to the Notes8.03 hereof.

Appears in 2 contracts

Samples: Supplemental Indenture (Cca Properties of America LLC), Supplemental Indenture (Corrections Corp of America)

Legal Defeasance and Discharge. Upon the Issuer’s Company's exercise under Section 13.01 8.01 hereof of the option applicable to this Section 13.028.02, the Company and each of the Issuer and Guarantors shall, subject to the Guarantors shall satisfaction of the conditions set forth in Section 8.04 hereof, be deemed to have been discharged from its respective their obligations with respect to all Outstanding outstanding Notes and (including the Guarantees Note Guarantees) on the date the conditions set forth in Section 13.04 8.04 hereof are satisfied (hereinafter, "Legal Defeasance"). For this purpose, such Legal Defeasance means that each of the Issuer Company and the Guarantors shall be deemed to have paid and discharged the entire indebtedness Indebtedness represented by the Outstanding Notesoutstanding Notes (including the Note Guarantees), which shall will thereafter be deemed to be “Outstanding” "outstanding" only for the purposes of Section 13.05 8.05 hereof and the other Sections of this Indenture referred to in clauses (1) and (2) below, and the Guarantees and to have satisfied all its their other obligations under the such Notes, the Note Guarantees and this Indenture insofar as such Notes are concerned and have cured all then existing Events of Default (and the Trustee, on demand of and at the expense of the IssuerCompany, shall execute proper instruments acknowledging the same), except for the following provisions which shall will survive until otherwise terminated or discharged hereunder: : (1) the rights of Holders of outstanding Notes to receive payments in respect of the principal of (of, or interest or premium and premiumSpecial Interest, if any, on) and interest on the such Notes when such payments are due, solely out of due from the trust created pursuant referred to this Indenture, in Section 8.04 hereof; (2) the Issuer’s Company's obligations with respect to the such Notes under Sections 3.04, 3.05, 3.06, 10.02 Article 2 and 10.03, Section 4.02 hereof; (3) the rights, powers, trusts, duties and immunities of the Trustee hereunder, and the obligations of each of the Guarantors Company's and the Issuer Guarantors' obligations in connection therewith and therewith; and (4) this Article Thirteen8. Subject to compliance with this Article Thirteen8, the Issuer Company may exercise its option under this Section 13.02 8.02 notwithstanding the prior exercise of its option under Section 13.03 with respect to the Notes8.03 hereof.

Appears in 2 contracts

Samples: Indenture (Reliant Energy Solutions LLC), Indenture (Reliant Energy Solutions LLC)

Legal Defeasance and Discharge. Upon the Issuer’s exercise under Section 13.01 7.01 hereof of the option applicable to this Section 13.027.02, the Issuer and each of the Issuer and Guarantors will, subject to the Guarantors shall satisfaction of the conditions set forth in Section 7.04 hereof, be deemed to have been discharged from its respective their obligations with respect to all Outstanding outstanding Notes and (including the Guarantees Note Guarantees) on the date the conditions set forth in Section 13.04 below are satisfied (hereinafter, “Legal Defeasance”). For this purpose, such Legal Defeasance means that each of the Issuer and the Guarantors shall will be deemed to have paid and discharged the entire indebtedness Indebtedness represented by the Outstanding Notesoutstanding Notes (including the Note Guarantees), which shall will thereafter be deemed to be “Outstandingoutstanding” only for the purposes of Section 13.05 7.05 hereof and the other Sections of this Indenture referred to in clauses (1) and (2) below, and the Guarantees and to have satisfied all its their other obligations under the such Notes, the Note Guarantees and this Indenture insofar as such Notes are concerned and have cured all then existing Events of Default (and the Trustee, on demand of and at the expense of the Issuer, shall execute proper instruments acknowledging the same), except for the following provisions which shall will survive until otherwise terminated or discharged hereunder: : (1) the rights of Holders of outstanding Notes to receive payments in respect of the principal of (and premiumof, if anyor interest or premium on, on) and interest on the such Notes when such payments are due, solely out of due from the trust created pursuant referred to this Indenture, in Section 7.04 hereof; (2) the Issuer’s obligations with respect to the such Notes under Sections 3.04, 3.05, 3.06, 10.02 Article 2 hereof and 10.03, Section 4.02 hereof; (3) the rights, powers, trusts, duties and immunities of the Trustee hereunder, hereunder and the obligations of each of the Guarantors Issuer’s and the Issuer Guarantors’ obligations in connection therewith and therewith; and (4) this Article Thirteen7. Subject to compliance with this Article Thirteen7, the Issuer may exercise its option under this Section 13.02 7.02 notwithstanding the prior exercise of its option under Section 13.03 with respect to the Notes7.03 hereof.

Appears in 2 contracts

Samples: Supplemental Indenture (Massey Energy Co), Supplemental Indenture (Alpha Natural Resources, Inc.)

Legal Defeasance and Discharge. Upon the IssuerCompany’s exercise under Section 13.01 8.01 hereof of the option applicable to this Section 13.028.02, the Company and each of the Issuer and Guarantors will, subject to the Guarantors shall satisfaction of the conditions set forth in Section 8.04 hereof, be deemed to have been discharged from its respective their obligations with respect to all Outstanding outstanding Notes and (including the Guarantees Subsidiary Guarantees) on the date the conditions set forth in Section 13.04 below are satisfied (hereinafter, “Legal Defeasance”). For this purpose, such Legal Defeasance means that each of the Issuer Company and the Guarantors shall will be deemed to have paid and discharged the entire indebtedness Indebtedness represented by the Outstanding Notesoutstanding Notes (including the Subsidiary Guarantees), which shall will thereafter be deemed to be “Outstandingoutstanding” only for the purposes of Section 13.05 8.05 hereof and the other Sections of this Indenture referred to in clauses (1) and (2) below, and the Guarantees and to have satisfied all its their other obligations under the such Notes, the Subsidiary Guarantees and this Indenture insofar as such Notes are concerned and have cured all then existing Events of Default (and the Trustee, on demand of and at the expense of the IssuerCompany, shall execute proper instruments acknowledging the same), except for the following provisions which shall will survive until otherwise terminated or discharged hereunder: : (1) the rights of Holders of outstanding Notes to receive payments in respect of the principal of (and of, interest, or premium, if any, on) and interest on the Notes when such payments are due, solely out of due from the trust created pursuant referred to this Indenture, in Section 8.04 hereof; (2) the IssuerCompany’s obligations with respect to the Notes under Sections 3.04, 3.05, 3.06, 10.02 Article 2 and 10.03, Section 4.02 hereof; (3) the rights, powers, trusts, duties and immunities of the Trustee hereunder, hereunder and the obligations of each of the Guarantors Company’s and the Issuer Guarantors’ obligations in connection therewith and therewith; and.. (4) this Article Thirteen8. Subject to compliance with this Article Thirteen8, the Issuer Company may exercise its option under this Section 13.02 8.02 notwithstanding the prior exercise of its option under Section 13.03 with respect to the Notes8.03 hereof.

Appears in 2 contracts

Samples: First Supplemental Indenture (DRS Technologies Inc), First Supplemental Indenture (DRS Technologies Inc)

Legal Defeasance and Discharge. Upon the Issuer’s Company's exercise under Section 13.01 8.01 hereof of the option applicable to this Section 13.028.02, each the Company and the Guarantor shall, subject to the satisfaction of the Issuer and the Guarantors shall conditions set forth in Section 8.04 hereof, be deemed to have been discharged from its their respective obligations with respect to all Outstanding outstanding Notes and the Guarantees Note Guarantee on the date the conditions set forth in Section 13.04 below are satisfied (hereinafter, “Legal Defeasance”"LEGAL DEFEASANCE"). For this purpose, such Legal Defeasance means that each of the Issuer Company and the Guarantors Guarantor shall be deemed to have paid and discharged the entire indebtedness Indebtedness represented by the Outstanding Notesoutstanding Notes and Note Guarantee, which shall thereafter be deemed to be “Outstanding” "OUTSTANDING" only for the purposes of Section 13.05 8.05 hereof and the other Sections of this Indenture referred to in (1a) and (2b) below, and the Guarantees and to have satisfied all its their respective other obligations under the Notes, Guarantees such Notes and Note Guarantee and this Indenture insofar as such Notes are concerned and have cured all then existing Events of Default (and the Trustee, on demand of and at the expense of the IssuerCompany, shall execute proper instruments acknowledging the same), except for the following provisions which shall survive until otherwise terminated or discharged hereunder: (1a) the rights of Holders of outstanding Notes to receive payments in respect of the principal of (and of, premium, if any, on) and interest and Liquidated Damages, if any, on the such Notes when such payments are due, solely out of due from the trust created pursuant referred to this Indenture, in Section 8.04(a); (2b) the Issuer’s Company's obligations with respect to the such Notes under Sections 3.042.02, 3.052.03, 3.062.04, 10.02 2.05, 2.06, 2.07, 2.10 and 10.03, 4.02 hereof; (3c) the rights, powers, trusts, duties and immunities of the Trustee hereunderincluding without limitation thereunder Section 7.07, 8.05 and 8.07 hereof and the Company's obligations of each of the Guarantors and the Issuer in connection therewith and (4d) the provisions of this Article Thirteen8. Subject to compliance with this Article Thirteen8, the Issuer Company may exercise its option under this Section 13.02 8.02 notwithstanding the prior exercise of its option under Section 13.03 with respect to the Notes8.03 hereof.

Appears in 2 contracts

Samples: Indenture (Musicland Stores Corp), Indenture (Musicland Group Inc /De)

Legal Defeasance and Discharge. Upon the IssuerCompany’s exercise under Section 13.01 8.01 hereof of the option applicable to this Section 13.028.02, the Issuers and each of the Issuer and Guarantors will, subject to the Guarantors shall satisfaction of the conditions set forth in Section 8.04 hereof, be deemed to have been discharged from its respective their obligations with respect to all Outstanding outstanding Notes and (including the Guarantees Note Guarantees) on the date the conditions set forth in Section 13.04 below are satisfied (hereinafter, “Legal Defeasance”). For this purpose, such Legal Defeasance means that each of the Issuer Issuers and the Guarantors shall will be deemed to have paid and discharged the entire indebtedness Indebtedness represented by the Outstanding Notesoutstanding Notes (including the Note Guarantees), which shall will thereafter be deemed to be “Outstandingoutstanding” only for the purposes of Section 13.05 8.05 hereof and the other Sections of this Indenture referred to in clauses (1) and (2) below, and the Guarantees and to have satisfied all its their other obligations under the such Notes, the Note Guarantees and this Indenture insofar as such Notes are concerned and have cured all then existing Events of Default (and the Trustee, on demand of and at the expense of the IssuerCompany, shall execute proper instruments acknowledging the same), except for the following provisions which shall will survive until otherwise terminated or discharged hereunder: : (1) the rights of Holders of outstanding Notes to receive payments in respect of the principal of (and premiumof, premium on, if any, on) and or interest or Additional Interest, if any, on the such Notes when such payments are due, solely out of due from the trust created pursuant referred to this Indenture, in Section 8.04 hereof; (2) the Issuer’s Issuers’ obligations with respect to the such Notes under Sections 3.04, 3.05, 3.06, 10.02 Article 2 and 10.03, Section 4.02 hereof; (3) the rights, powers, trusts, duties and immunities of the Trustee hereunder, hereunder and the obligations of each of the Guarantors Company’s and the Issuer Guarantors’ obligations in connection therewith and therewith; and (4) this Article Thirteen8. Subject to compliance with this Article Thirteen8, the Issuer Company may exercise its option under this Section 13.02 8.02 notwithstanding the prior exercise of its option under Section 13.03 with respect to the Notes8.03 hereof.

Appears in 2 contracts

Samples: Indenture (CyrusOne Inc.), Indenture (CyrusOne Inc.)

Legal Defeasance and Discharge. Upon the IssuerCompany’s exercise under Section 13.01 8.01 hereof of the option applicable to this Section 13.028.02, the Company and each of the Issuer and Guarantors will, subject to the Guarantors shall satisfaction of the conditions set forth in Section 8.04 hereof, be deemed to have been discharged from its respective their obligations with respect to all Outstanding outstanding Notes and (including the Guarantees Note Guarantees) on the date the conditions set forth in Section 13.04 below are satisfied (hereinafter, “Legal Defeasance”). For this purpose, such Legal Defeasance means that each of the Issuer Company and the Guarantors shall will be deemed to have paid and discharged the entire indebtedness Indebtedness represented by the Outstanding Notesoutstanding Notes (including the Note Guarantees), which shall will thereafter be deemed to be “Outstandingoutstanding” only for the purposes of Section 13.05 8.05 hereof and the other Sections of this Indenture referred to in clauses (1) and (2) belowof this Section 8.02, and the Guarantees and to have satisfied all its their other obligations under the such Notes, the Note Guarantees and this Indenture insofar as such Notes are concerned and have cured all then existing Events of Default (and the TrusteeTrustees, on demand of and at the expense of the IssuerCompany, shall execute proper instruments acknowledging the same), except for the following provisions which shall will survive until otherwise terminated or discharged hereunder: : (1) the rights of Holders of outstanding Notes to receive payments in respect of the principal of (and of, or interest or premium, if any, on) and interest on the , such Notes when such payments are due, solely out of due from the trust created pursuant referred to this Indenture, in Section 8.05 hereof; (2) the IssuerCompany’s obligations with respect to the Notes under Article 2 and Sections 3.04, 3.05, 3.06, 10.02 4.01 and 10.03, 4.02 hereof; (3) the rights, powers, trusts, duties and immunities of the Trustee hereunderTrustees, and the obligations of each of the Guarantors Company’s and the Issuer Guarantors’ obligations in connection therewith and therewith; and (4) this Article Thirteen8. Subject to compliance with this Article Thirteen8, the Issuer Company may exercise its option under this Section 13.02 8.02 notwithstanding the prior exercise of its option under Section 13.03 with respect to the Notes8.03 hereof.

Appears in 2 contracts

Samples: Indenture (Taseko Mines LTD), Indenture (Taseko Mines LTD)

Legal Defeasance and Discharge. Upon the IssuerCompany’s exercise under Section 13.01 8.01 hereof of the option applicable to this Section 13.028.02, the Company and each of the Issuer and Guarantors will, subject to the Guarantors shall satisfaction of the conditions set forth in Section 8.04 hereof, be deemed to have been discharged from its respective their obligations with respect to all Outstanding outstanding Notes and (including the Guarantees Note Guarantees) on the date the conditions set forth in Section 13.04 below are satisfied (hereinafter, “Legal Defeasance”). For this purpose, such Legal Defeasance means that each of the Issuer Company and the Guarantors shall will be deemed to have paid and discharged the entire indebtedness Indebtedness represented by the Outstanding Notesoutstanding Notes (including the Note Guarantees), which shall will thereafter be deemed to be “Outstandingoutstanding” only for the purposes of Section 13.05 8.05 hereof and the other Sections sections of this Indenture referred to in clauses (1) and (2) belowof this Section 8.02, and the Guarantees and to have satisfied all its their other obligations under the such Notes, the Note Guarantees and this Indenture insofar as such Notes are concerned and have cured all then existing Events of Default (and the Trustee, on demand of and at the expense of the IssuerCompany, shall execute proper instruments acknowledging the same), except for the following provisions which shall will survive until otherwise terminated or discharged hereunder: : (1) the rights of Holders of outstanding Notes to receive payments in respect of the principal of (of, or interest or premium and premiumSpecial Interest, if any, on) and interest on the , such Notes when such payments are due, solely out of due from the trust created pursuant referred to this Indenture, in Section 8.04 hereof; (2) the IssuerCompany’s obligations with respect to the such Notes under Sections 3.04, 3.05, 3.06, 10.02 Article 2 and 10.03, Section 4.02 hereof; (3) the rights, powers, trusts, duties and immunities of the Trustee hereunder, and the obligations of each of the Guarantors Collateral Agent hereunder and the Issuer Company’s and the Guarantors’ obligations in connection therewith and therewith; and (4) this Article Thirteen8. Subject to compliance with this Article Thirteen8, the Issuer Company may exercise its option under this Section 13.02 8.02 notwithstanding the prior exercise of its option under Section 13.03 with respect to the Notes8.03 hereof.

Appears in 2 contracts

Samples: Indenture (CPM Holdings, Inc.), Indenture (CPM Holdings, Inc.)

Legal Defeasance and Discharge. Upon the IssuerCompany’s exercise under Section 13.01 8.01 hereof of the option applicable to this Section 13.028.02, the Company and each of the Issuer and Guarantors will, subject to the Guarantors shall satisfaction of the conditions set forth in Section 8.04 hereof, be deemed to have been discharged from its respective obligations their Obligations with respect to all Outstanding outstanding Notes and (including the Guarantees Note Guarantees) on the date the conditions set forth in Section 13.04 below are satisfied (hereinafter, “Legal Defeasance”). For this purpose, such Legal Defeasance means that each of the Issuer Company and the Guarantors shall will be deemed to have paid and discharged the entire indebtedness Indebtedness represented by the Outstanding Notesoutstanding Notes (including the Note Guarantees), which shall will thereafter be deemed to be “Outstandingoutstanding” only for the purposes of Section 13.05 8.05 hereof and the other Sections of this Indenture referred to in clauses (1) and (2) below, and the Guarantees and to have satisfied all its their other obligations Obligations under the such Notes, the Note Guarantees and this Indenture insofar as such Notes are concerned and have cured all then existing Events of Default (and the Trustee, on demand of and at the expense of the IssuerCompany, shall execute proper instruments acknowledging the same), except for the following provisions which shall will survive until otherwise terminated or discharged hereunder: : (1) the rights of Holders of outstanding Notes to receive payments in respect of the principal of (of, premium on, if any, and premiuminterest, if any, on) and interest on the , such Notes when such payments are due, solely out of due from the trust created pursuant referred to this Indenture, in Section 8.04 hereof; (2) the IssuerCompany’s obligations Obligations with respect to the such Notes under Sections 3.04, 3.05, 3.06, 10.02 Article 2 and 10.03, Section 4.02 hereof; (3) the rights, powers, trusts, duties and immunities of the Trustee hereunder, hereunder and the obligations of each of the Guarantors Company’s and the Issuer Guarantors’ obligations in connection therewith and (including, without limitation, those contained in Article 7 hereof); and (4) this Article Thirteen8. Subject to compliance with this Article Thirteen8, the Issuer Company may exercise its option under this Section 13.02 8.02 notwithstanding the prior exercise of its their option under Section 13.03 with respect to the Notes8.03 hereof.

Appears in 2 contracts

Samples: Indenture (Acadia Healthcare Company, Inc.), Indenture (Acadia Healthcare Company, Inc.)

Legal Defeasance and Discharge. Upon the IssuerCompany’s exercise under Section 13.01 8.01 hereof of the option applicable to this Section 13.028.02, the Company and each of the Issuer and Guarantors will, subject to the Guarantors shall satisfaction of the conditions set forth in Section 8.04 hereof, be deemed to have been discharged from its respective their obligations with respect to all Outstanding outstanding Notes and (including the Guarantees Note Guarantees) on the date the conditions set forth in Section 13.04 below are satisfied (hereinafter, “Legal Defeasance”). For this purpose, such Legal Defeasance means that each of the Issuer Company and the Guarantors shall will be deemed to have paid and discharged the entire indebtedness Indebtedness represented by the Outstanding Notesoutstanding Notes (including the Note Guarantees), which shall will thereafter be deemed to be “Outstandingoutstanding” only for the purposes of Section 13.05 8.05 hereof and the other Sections of this Indenture referred to in clauses (1) and (2) below, and the Guarantees and to have satisfied all its their other obligations under the such Notes, the Note Guarantees and this Indenture insofar as such Notes are concerned and have cured all then existing Events of Default (and the Trustee, on demand of and at the expense of the IssuerCompany, shall execute proper instruments acknowledging the same), except for the following provisions which shall will survive until otherwise terminated or discharged hereunder: : (1) the rights of Holders of Notes to receive payments in respect of the principal of (and of, premium, if any, on) and interest on the Notes when such payments are due, solely out of due from the trust created pursuant referred to this Indenture, in Section 8.04 hereof; (2) the IssuerCompany’s obligations with respect to the such Notes under Sections 3.04, 3.05, 3.06, 10.02 Article 2 and 10.03, Section 4.02 hereof; (3) the rights, powers, trusts, duties and immunities of the Trustee hereunder, hereunder and the obligations of each of the Guarantors Company’s and the Issuer Guarantors’ obligations in connection therewith and therewith; and (4) this Article Thirteen8, as it relates to Legal Defeasance. Subject to compliance with this Article Thirteen8, the Issuer Company may exercise its option under this Section 13.02 8.02 notwithstanding the prior exercise of its option under Section 13.03 with respect to the Notes8.03 hereof.

Appears in 2 contracts

Samples: Indenture (Jarden Corp), Indenture (Jarden Corp)

Legal Defeasance and Discharge. Upon the IssuerCompany’s exercise under Section 13.01 8.01 of the option applicable to this Section 13.028.02, the Company and each of the Issuer and Guarantors (if any) will, subject to the Guarantors shall satisfaction of the conditions set forth in Section 8.04, be deemed to have been discharged from its their respective obligations with respect to all Outstanding outstanding Notes and (including the Guarantees Note Guarantees) on the date the conditions set forth in Section 13.04 below are satisfied (hereinafter, “Legal Defeasance”). For this purpose, such Legal Defeasance means that each of the Issuer Company and the Guarantors shall (if any) will be deemed to have paid and discharged the entire indebtedness Indebtedness represented by the Outstanding Notesoutstanding Notes (including the Note Guarantees), which shall will thereafter be deemed to be “Outstandingoutstanding” only for the purposes of Section 13.05 8.05 and the other Sections sections of this Indenture referred to in clauses (1) and (2) belowof this Section 8.02, and the Guarantees and to have satisfied all its their other obligations under the such Notes, the Note Guarantees and this Indenture insofar as such Notes are concerned and have cured all then existing Events of Default (and the Trustee, on demand of and at the expense of the IssuerCompany, shall execute proper instruments acknowledging the same), except for the following provisions which shall will survive until otherwise terminated or discharged hereunder: : (1) the rights of Holders of outstanding Notes to receive payments in respect of the principal of of, or interest (and including Special Interest, if any) or premium, if any, on) and interest on the , such Notes when such payments are due, solely out of due from the trust created pursuant referred to this Indenture, in Section 8.04; (2) the IssuerCompany’s obligations with respect to the such Notes under Sections 3.042.02, 3.052.03, 3.062.07, 10.02 2.10, and 10.03, 4.02; (3) the rights, powers, trusts, duties and immunities of the Trustee hereunder, and the obligations of each of the Guarantors Collateral Agent hereunder and the Issuer Company’s and the Guarantors’ (if any) obligations in connection therewith and therewith; and (4) this Article Thirteen8. Subject to compliance with this Article Thirteen8, the Issuer Company may exercise its option under this Section 13.02 8.02 notwithstanding the prior exercise of its option under Section 13.03 with respect to the Notes8.03.

Appears in 2 contracts

Samples: Indenture (Alon Refining Krotz Springs, Inc.), Indenture (Alon USA Energy, Inc.)

Legal Defeasance and Discharge. Upon the IssuerCompany’s exercise under Section 13.01 8.01 hereof of the option applicable to this Section 13.028.02, the Company and each of the Issuer and Subsidiary Guarantors will, subject to the Guarantors shall satisfaction of the conditions set forth in Section 8.04 hereof, be deemed to have been discharged from its respective their obligations with respect to all Outstanding outstanding Notes and (including the Guarantees Note Guarantees) on the date the conditions set forth in Section 13.04 below are satisfied (hereinafter, “Legal Defeasance”). For this purpose, such Legal Defeasance means that each of the Issuer Company and the Subsidiary Guarantors shall will be deemed to have paid and discharged the entire indebtedness Indebtedness represented by the Outstanding Notesoutstanding Notes (including the Note Guarantees), which shall will thereafter be deemed to be “Outstandingoutstanding” only for the purposes of Section 13.05 8.05 hereof and the other Sections of this Supplemental Indenture referred to in clauses (1) and (2) below, and the Guarantees and to have satisfied all its their other obligations under the such Notes, the Note Guarantees and this the Indenture insofar as such Notes are concerned and have cured all then existing Events of Default (and the Trustee, on demand of and at the expense of the IssuerCompany, shall execute proper instruments acknowledging the same), except for the following provisions which shall will survive until otherwise terminated or discharged hereunder: : (1) the rights of Holders of outstanding Notes to receive payments in respect of the principal of (and of, or interest or premium, if any, on) and interest on the such Notes when such payments are due, solely out of due from the trust created pursuant referred to this Indenture, in Section 8.04 hereof; (2) the IssuerCompany’s obligations with respect to the such Notes under Sections 3.04, 3.05, 3.06, 10.02 Article 2 and 10.03, Section 4.02 hereof; (3) the rights, powers, trusts, duties and immunities of the Trustee hereunder, hereunder and the obligations of each of the Guarantors Company’s and the Issuer Subsidiary Guarantors’ obligations in connection therewith and therewith; and (4) this Article Thirteen8. Subject to compliance with this Article Thirteen8, the Issuer Company may exercise its option under this Section 13.02 8.02 notwithstanding the prior exercise of its option under Section 13.03 with respect to the Notes8.03 hereof.

Appears in 2 contracts

Samples: Fourth Supplemental Indenture (Hanesbrands Inc.), First Supplemental Indenture (Hanesbrands Inc.)

Legal Defeasance and Discharge. Upon the Issuer’s Company's exercise under Section 13.01 8.01 hereof of the option applicable to this Section 13.028.02, the Company and each of the Issuer and Guarantors will, subject to the Guarantors shall satisfaction of the conditions set forth in Section 8.04 hereof, be deemed to have been discharged from its respective their obligations with respect to all Outstanding outstanding Notes and (including the Guarantees Note Guarantees) on the date the conditions set forth in Section 13.04 below are satisfied (hereinafter, "Legal Defeasance"). For this purpose, such Legal Defeasance means that each of the Issuer Company and the Guarantors shall will be deemed to have paid and discharged the entire indebtedness Indebtedness represented by the Outstanding Notesoutstanding Notes (including the Note Guarantees), which shall will thereafter be deemed to be “Outstanding” "outstanding" only for the purposes of Section 13.05 8.05 hereof and the other Sections of this Indenture referred to in clauses (1) and (2) below, and the Guarantees and to have satisfied all its of their other obligations under the such Notes, the Note Guarantees and this Indenture insofar as such Notes are concerned and have cured all then existing Events of Default (and the Trustee, on demand of and at the expense of the IssuerCompany, shall execute proper instruments acknowledging the same), except for the following provisions which shall will survive until otherwise terminated or discharged hereunder: : (1) the rights of Holders of outstanding Notes to receive payments in respect of the principal of (of, or interest or premium and premiumSpecial Interest, if any, on) and interest on the , such Notes when such payments are due, solely out of due from the trust created pursuant referred to this Indenture, in Section 8.04 hereof; (2) the Issuer’s Company's obligations with respect to the such Notes under Sections 3.04, 3.05, 3.06, 10.02 Article 2 and 10.03, Section 4.02 hereof; (3) the rights, powers, trusts, duties and immunities of the Trustee hereunder, hereunder and the obligations of each of the Guarantors Company's and the Issuer Guarantors' obligations in connection therewith and therewith; and (4) this Article Thirteen8. Subject to compliance with this Article Thirteen8, the Issuer Company may exercise its option under this Section 13.02 8.02 notwithstanding the prior exercise of its option under Section 13.03 with respect to the Notes8.03 hereof.

Appears in 2 contracts

Samples: Indenture (Amscan Holdings Inc), Indenture (American Achievement Corp)

Legal Defeasance and Discharge. (a) Upon the IssuerCompany’s exercise under Section 13.01 8.01 of the option applicable to this Section 13.028.02, the Company and each of the Issuer and Guarantors shall, subject to the Guarantors shall satisfaction of the conditions set forth in Section 8.04, be deemed to have been discharged from its respective their obligations with respect to this Indenture, all Outstanding outstanding Notes and the Note Guarantees on the date the conditions set forth in Section 13.04 below are satisfied (hereinafter, “Legal Defeasance”). For this purpose, such Legal Defeasance means that each of the Issuer Company and the Guarantors shall be deemed to have paid and discharged the entire indebtedness Indebtedness represented by the Outstanding Notesoutstanding Notes (including the Note Guarantees), which shall thereafter be deemed to be “Outstandingoutstanding” only for the purposes of Section 13.05 8.05 hereof and the other Sections of this Indenture referred to in clauses (1) and through (24) below, and the Guarantees and to have satisfied all its of their other obligations under the such Notes, the Note Guarantees and this Indenture insofar as such Notes are concerned and have cured all then existing Events of Default (and the Trustee, on demand of and at the expense of the IssuerCompany, shall execute proper instruments acknowledging the same), except for the following provisions which shall survive until otherwise terminated or discharged hereunder: : (1) the rights of Holders of outstanding Notes to receive payments in respect of the principal of (and of, premium, if any, on) and , or interest on the Notes when such payments are due, solely out of due from the trust created pursuant referred to this Indenture, in Section 8.04; (2) the IssuerCompany’s obligations with respect to the Notes under Sections 3.04, 3.05, 3.06, 10.02 Article 2 and 10.03, Section 4.02 hereof; (3) the rights, powers, trusts, duties and immunities of the Trustee hereunder, and the obligations of each of the Guarantors Company’s and the Issuer Guarantors’ obligations in connection therewith and therewith; and (4) this Article Thirteen. 8. (b) Subject to compliance with this Article Thirteen8, the Issuer Company may exercise its option under this Section 13.02 8.02 notwithstanding the prior exercise of its option under Section 13.03 with respect to the Notes8.03 hereof.

Appears in 2 contracts

Samples: Indenture (Centennial Resource Development, Inc.), Indenture (Centennial Resource Development, Inc.)

Legal Defeasance and Discharge. Upon the IssuerCompany’s exercise under Section 13.01 8.01 hereof of the option applicable to this Section 13.028.02, the Company and each of the Issuer and Subsidiary Guarantors shall, subject to the Guarantors shall satisfaction of the conditions set forth in Section 8.04 hereof, be deemed to have been discharged from its respective their obligations with respect to all Outstanding the Notes and (including the Guarantees Subsidiary Guarantees) on the date the conditions set forth in Section 13.04 8.04 hereof are satisfied (hereinafter, “Legal Defeasance”). For this purpose, such Legal Defeasance means that each of the Issuer Company and the Subsidiary Guarantors shall be deemed to have paid and discharged the entire indebtedness Indebtedness represented by the Outstanding NotesNotes (including the Subsidiary Guarantees), which shall will thereafter be deemed to be “Outstandingoutstanding” only for the purposes of Section 13.05 8.05 hereof and the other Sections of this Indenture hereof referred to in clauses (1) and (2) below, and the Guarantees and to have satisfied all its their other obligations under the Notes, Guarantees and this Indenture insofar as such Notes are concerned and have cured all then existing Events of Default applicable Note Documents (and the Trustee, on demand of and at the expense of the IssuerCompany, shall execute proper instruments acknowledging the same), except for the following provisions which shall will survive until otherwise terminated or discharged hereunder: : (1) the rights of Holders of Notes to receive payments in respect of the principal of (and premiumof, if anyor interest or premium on, on) and interest on the such Notes when such payments are due, solely out of due from the trust created pursuant referred to this Indenture, in Section 8.04 hereof; (2) the IssuerCompany’s obligations with respect to the such Notes under Sections 3.04, 3.05, 3.06, 10.02 Article 2 and 10.03, Section 4.02 hereof; (3) the rights, powers, trusts, duties duties, indemnities and immunities of the Trustee hereunder, and the obligations of each of the Guarantors Company’s and the Issuer Subsidiary Guarantors’ obligations in connection therewith and therewith; and (4) this Article Thirteen8. Subject to compliance with this Article Thirteen8, the Issuer Company may exercise its option under this Section 13.02 8.02 notwithstanding the prior exercise of its option under Section 13.03 with respect to the Notes8.03 hereof.

Appears in 2 contracts

Samples: Indenture (Vistra Corp.), Indenture (Vistra Corp.)

Legal Defeasance and Discharge. Upon the Issuer’s Issuers' exercise under Section 13.01 8.01 hereof of the option applicable to this Section 13.028.02, the Issuers and each of the Issuer and Guarantors will, subject to the Guarantors shall satisfaction of the conditions set forth in Section 8.04 hereof, be deemed to have been discharged from its respective their obligations with respect to all Outstanding outstanding Notes and (including the Guarantees Note Guarantees) on the date the conditions set forth in Section 13.04 below are satisfied (hereinafter, "Legal Defeasance"). For this purpose, such Legal Defeasance means that each of the Issuer Issuers and the Guarantors shall will be deemed to have paid and discharged the entire indebtedness Debt represented by the Outstanding Notesoutstanding Notes (including the Guarantees), which shall will thereafter be deemed to be “Outstanding” "outstanding" only for the purposes of Section 13.05 8.05 hereof and the other Sections of this Indenture referred to in clauses (1) and (2) below, and the Guarantees and to have satisfied all its their other obligations under the such Notes, the Guarantees and this Indenture insofar as such Notes are concerned and have cured all then existing Events of Default (and the Trustee, on demand of and at the expense of the IssuerIssuers, shall execute proper instruments acknowledging the same), except for the following provisions which shall will survive until otherwise terminated or discharged hereunder: : (1) the rights of Holders of outstanding Notes to receive payments in respect of the principal of (of, or interest or premium and premiumLiquidated Damages, if any, on) and interest on the such Notes when such payments are due, solely out of due from the trust created pursuant referred to this Indenture, in Section 8.04 hereof; (2) the Issuer’s Issuers' obligations with respect to the such Notes under Sections 3.04, 3.05, 3.06, 10.02 Article 2 and 10.03, Section 4.02 hereof; (3) the rights, powers, trusts, duties and immunities of the Trustee hereunder, hereunder and the obligations of each of the Guarantors Issuers' and the Issuer Guarantors' obligations in connection therewith and therewith; and (4) this Article Thirteen8. Subject to compliance with this Article Thirteen8, the Issuer Issuers may exercise its their option under this Section 13.02 8.02 notwithstanding the prior exercise of its their option under Section 13.03 with respect to the Notes8.03 hereof.

Appears in 2 contracts

Samples: Indenture (Ventas Inc), Indenture (Ventas Inc)

Legal Defeasance and Discharge. Upon the Issuer’s Issuers’ exercise under Section 13.01 8.01 of the option applicable to this Section 13.028.02, each Issuer and each of the Issuer and Guarantors will, subject to the Guarantors shall satisfaction of the conditions set forth in Section 8.04, be deemed to have been discharged from its respective their obligations with respect to all Outstanding outstanding Notes and (including the Guarantees Note Guarantees) on the date the conditions set forth in Section 13.04 below are satisfied (hereinafter, “Legal Defeasance”). For this purpose, such Legal Defeasance means that each of the Issuer Issuers and the Guarantors shall will be deemed to have paid and discharged the entire indebtedness Indebtedness represented by the Outstanding Notesoutstanding Notes (including the Note Guarantees), which shall will thereafter be deemed to be “Outstandingoutstanding” only for the purposes of Section 13.05 8.05 and the other Sections of this Indenture referred to in clauses (1) and (2) below, and the Guarantees and to have satisfied all its their other obligations under the such Notes, the Note Guarantees and this Indenture insofar as such Notes are concerned and have cured all then existing Events of Default (and the Trustee, on demand of and at the expense of the IssuerIssuers, shall execute proper instruments acknowledging the same), except for the following provisions which shall will survive until otherwise terminated or discharged hereunder: : (1) the rights of Holders of outstanding Notes to receive payments in respect of the principal of (and premiumof, or interest or premium if any, on) and interest on the such Notes when such payments are due, solely out of due from the trust created pursuant referred to this Indenture, in Section 8.04; (2) the Issuer’s Issuers’ obligations with respect to the Notes under Sections 3.04Section 2.04, 3.05Section 2.06, 3.06Section 2.07, 10.02 Section 2.10 and 10.03, Section 4.02; (3) the rights, powers, trusts, duties and immunities of the Trustee hereunder, hereunder and the obligations of each of the Guarantors Issuers’ and the Issuer Guarantors’ obligations in connection therewith and therewith; and (4) the Legal Defeasance provisions of this Article Thirteen8. Subject to compliance with this Article Thirteen8, the Issuer Company may exercise its option under this Section 13.02 8.02 notwithstanding the prior exercise of its option under Section 13.03 with respect to the Notes8.03.

Appears in 2 contracts

Samples: Indenture (CSI Compressco LP), Indenture (CSI Compressco LP)

Legal Defeasance and Discharge. Upon the Issuer’s Issuers’ exercise under Section 13.01 8.01 hereof of the option applicable to this Section 13.028.02, the Issuers and each of the Issuer and Guarantors will, subject to the Guarantors shall satisfaction of the conditions set forth in Section 8.04 hereof, be deemed to have been discharged from its respective their obligations with respect to all Outstanding outstanding Notes and (including the Guarantees Note Guarantees) on the date the conditions set forth in Section 13.04 below are satisfied (hereinafter, “Legal Defeasance”). For this purpose, such Legal Defeasance means that each of the Issuer Issuers and the Guarantors shall will be deemed to have paid and discharged the entire indebtedness Indebtedness represented by the Outstanding Notesoutstanding Notes (including the Note Guarantees), which shall will thereafter be deemed to be “Outstandingoutstanding” only for the purposes of Section 13.05 8.05 hereof and the other Sections of this Indenture referred to in clauses (1) and (2) below, and the Guarantees and to have satisfied all its their other obligations under the such Notes, the Note Guarantees and this Indenture insofar as such Notes are concerned and have cured all then existing Events of Default (and the Trustee, on demand of and at the expense of the IssuerIssuers, shall execute proper instruments acknowledging the same), except for the following provisions which shall will survive until otherwise terminated or discharged hereunder: : (1) the rights of Holders of outstanding Notes to receive payments in respect of the principal of (and premiumof, premium on, if any, or interest on) and interest on the , such Notes when such payments are due, solely out of due from the trust created pursuant referred to this Indenture, in Section 8.04 hereof; (2) the Issuer’s Issuers’ obligations with respect to the such Notes under Sections 3.04, 3.05, 3.06, 10.02 Article 2 and 10.03, Section 4.02 hereof; (3) the rights, powers, trusts, duties and immunities of the Trustee hereunder, hereunder and the obligations of each of the Guarantors Issuers’ and the Issuer Guarantors’ obligations in connection therewith and therewith; and (4) this Article Thirteen8. Subject to compliance with this Article Thirteen8, the Issuer Issuers may exercise its their option under this Section 13.02 8.02 notwithstanding the prior exercise of its their option under Section 13.03 with respect to the Notes8.03 hereof.

Appears in 2 contracts

Samples: Indenture (Archrock, Inc.), Indenture (Archrock Partners, L.P.)

Legal Defeasance and Discharge. Upon the Issuer’s Issuers' exercise under Section 13.01 8.02 hereof of the option applicable to this Section 13.028.03, each of the Issuer Issuers and the Guarantors shall shall, subject to the satisfaction of the conditions set forth in Section 8.05 hereof, be deemed to have been discharged from its respective obligations their Obligations with respect to all Outstanding outstanding Notes and the Guarantees on the date the conditions set forth in Section 13.04 below are satisfied (hereinafter, "Legal Defeasance"). For this purpose, such Legal Defeasance means that each of the Issuer Issuers and the Guarantors shall be deemed to have paid and discharged the entire indebtedness Indebtedness represented by the Outstanding outstanding Notes, which shall thereafter be deemed to be “Outstanding” "outstanding" only for the purposes of Section 13.05 8.06 hereof and the other Sections of this Indenture referred to in (1) and (2) below, and the Guarantees and to have satisfied all its their other obligations Obligations under the Notes, Guarantees such Notes and this Indenture insofar as such Notes are concerned and have cured all then existing Events of Default (and the Trustee, on demand of and at the expense of the IssuerIssuers, shall execute proper instruments acknowledging the same), except for the following provisions which shall survive until otherwise terminated or discharged hereunder: (1) the rights of Holders of outstanding Notes to receive solely from the trust fund described in Section 8.05 hereof, and as more fully set forth in such Section, payments in respect of the principal of (of, premium, and premiuminterest, if any, on) and interest Additional Interest, if any, on the such Notes when such payments are due, solely out of the trust created pursuant to this Indenture, (2) the Issuer’s obligations Issuers' Obligations with respect to the such Notes under Sections 3.04, 3.05, 3.06, 10.02 Article 2 and 10.03Section 4.02 hereof, (3) the rights, powers, trusts, duties and immunities of the Trustee hereunder, hereunder and the obligations of each of the Guarantors and the Issuer Issuers' Obligations in connection therewith and (4) this Article Thirteen8. Subject to compliance with this Article Thirteen8, the Issuer Issuers may exercise its their option under this Section 13.02 8.03 notwithstanding the prior exercise of its option under Section 13.03 with respect to the Notes8.04 hereof.

Appears in 2 contracts

Samples: Indenture (Trump Indiana Inc), Indenture (Trump Indiana Inc)

Legal Defeasance and Discharge. Upon the IssuerCompany’s exercise under Section 13.01 8.01 of the option applicable to this Section 13.028.02, the Company and each of the Issuer and Guarantors will, subject to the Guarantors shall satisfaction of the conditions set forth in Section 8.04, be deemed to have been discharged from its respective their obligations with respect to all Outstanding outstanding Notes and (including the Guarantees Note Guarantees) on the date the conditions set forth in Section 13.04 below are satisfied (hereinafter, “Legal Defeasance”). For this purpose, such Legal Defeasance means that each of the Issuer Company and the Guarantors shall will be deemed to have paid and discharged the entire indebtedness Indebtedness represented by the Outstanding Notesoutstanding Notes (including the Note Guarantees), which shall will thereafter be deemed to be “Outstandingoutstanding” only for the purposes of Section 13.05 8.05 and the other Sections of this Indenture referred to in clauses (1) and (2) below, and the Guarantees and to have satisfied all its their other obligations under the such Notes, the Note Guarantees and this Indenture insofar as such Notes are concerned and have cured all then existing Events of Default (and the Trustee, on demand of and at the expense of the IssuerCompany, shall execute proper instruments acknowledging the same), except for the following provisions which shall will survive until otherwise terminated or discharged hereunder: : (1) the rights of Holders of outstanding Notes to receive payments in respect of the principal of (and premiumof, or interest or premium or Additional Interest, if any, on) and interest on the , such Notes when such payments are due, solely out of due from the trust created pursuant referred to this Indenture, in Section 8.04; (2) the IssuerCompany’s obligations with respect to the such Notes under Sections 3.04, 3.05, 3.06, 10.02 Article 2 and 10.03, Section 4.02; (3) the rights, powers, trusts, duties and immunities of the Trustee hereunder, hereunder and the obligations of each of the Guarantors Company’s and the Issuer Guarantors’ obligations in connection therewith and therewith; and (4) this Article Thirteen8. Subject to compliance with this Article Thirteen8, the Issuer Company may exercise its option under this Section 13.02 8.02 notwithstanding the prior exercise of its option under Section 13.03 with respect to the Notes8.03.

Appears in 2 contracts

Samples: Indenture (Cheniere Energy Inc), Indenture (Cheniere Energy Partners, L.P.)

Legal Defeasance and Discharge. Upon the Issuer’s Issuers’ exercise under Section 13.01 8.01 hereof of the option applicable to this Section 13.028.02, the Issuers and each of the Issuer and Guarantors will, subject to the Guarantors shall satisfaction of the conditions set forth in Section 8.04 hereof, be deemed to have been discharged from its respective their obligations with respect to all Outstanding outstanding Notes and (including the Guarantees Note Guarantees) on the date the conditions set forth in Section 13.04 below are satisfied (hereinafter, “Legal Defeasance”). For this purpose, such Legal Defeasance means that each of the Issuer Issuers and the Guarantors shall will be deemed to have paid and discharged the entire indebtedness Indebtedness represented by the Outstanding Notesoutstanding Notes (including the Note Guarantees), which shall will thereafter be deemed to be “Outstandingoutstanding” only for the purposes of Section 13.05 8.05 hereof and the other Sections of this Indenture referred to in clauses (1) and (2) below, and the Guarantees and to have satisfied all its their other obligations under the such Notes, the Note Guarantees and this Indenture insofar as such Notes are concerned and have cured all then existing Events of Default (and the Trustee, on demand of and at the expense of the IssuerIssuers, shall execute proper instruments acknowledging the same), except for the following provisions which shall will survive until otherwise terminated or discharged hereunder: : (1) the rights of Holders of outstanding Notes to receive payments in respect of the principal of (of, or interest or premium and premiumAdditional Interest, if any, on) and interest on the such Notes when such payments are due, solely out of due from the trust created pursuant referred to this Indenture, below; (2) the Issuer’s Issuers’ obligations with respect to the Notes under Sections 3.04, 3.05, 3.06, 10.02 Article 2 and 10.03, Section 4.02 of this Indenture; (3) the rights, powers, trusts, duties and immunities of the Trustee hereunderTrustee, and the obligations of each of the Guarantors Issuers’ and the Issuer Guarantors’ obligations in connection therewith and therewith; and (4) this Article Thirteen8. Subject to compliance with this Article Thirteen8, the Issuer Issuers may exercise its their option under this Section 13.02 8.02 notwithstanding the prior exercise of its their option under Section 13.03 with respect to the Notes8.03 hereof.

Appears in 2 contracts

Samples: Indenture (Susser Holdings CORP), Indenture (Susser Holdings CORP)

Legal Defeasance and Discharge. Upon the Issuer’s Issuers’ exercise under Section 13.01 8.01 hereof of the option applicable to this Section 13.028.02, the Issuers and each of the Issuer and Guarantors will, subject to the Guarantors shall satisfaction of the conditions set forth in Section 8.04 hereof, be deemed to have been discharged from its respective their obligations with respect to all Outstanding outstanding Notes and (including the Guarantees Note Guarantees) on the date the conditions set forth in Section 13.04 below are satisfied (hereinafter, “Legal Defeasance”). For this purpose, such Legal Defeasance means that each of the Issuer Issuers and the Guarantors shall will be deemed to have paid and discharged the entire indebtedness Debt represented by the Outstanding Notesoutstanding Notes (including the Note Guarantees), which shall will thereafter be deemed to be “Outstandingoutstanding” only for the purposes of Section 13.05 8.05 hereof and the other Sections of this Indenture referred to in clauses (1) and (2) below, and the Guarantees and to have satisfied all its their other obligations under the such Notes, the Note Guarantees and this Indenture insofar as such Notes are concerned and have cured all then existing Events of Default (and the Trustee, on demand of and at the expense of the IssuerIssuers, shall execute proper instruments acknowledging the same), except for the following provisions which shall will survive until otherwise terminated or discharged hereunder: : (1) the rights of Holders of outstanding Notes to receive payments in respect of the principal of (of, or interest or premium and premiumAdditional Interest, if any, on) and interest on the such Notes when such payments are due, solely out of due from the trust created pursuant referred to this Indenture, in Section 8.04 hereof; (2) the Issuer’s Issuers’ obligations with respect to the such Notes under Sections 3.04, 3.05, 3.06, 10.02 Article 2 and 10.03, Section 4.02 hereof; (3) the rights, powers, trusts, duties and immunities of the Trustee hereunder, hereunder and the obligations of each of the Guarantors Issuers’ and the Issuer Guarantors’ obligations in connection therewith and therewith; and (4) this Article Thirteen8. Subject to compliance with this Article Thirteen8, the Issuer Issuers may exercise its their option under this Section 13.02 8.02 notwithstanding the prior exercise of its their option under Section 13.03 with respect to the Notes8.03 hereof.

Appears in 2 contracts

Samples: Indenture (Ventas Inc), Indenture (Ventas Inc)

Legal Defeasance and Discharge. Upon the IssuerCompany’s exercise under Section 13.01 9.01 hereof of the option applicable to this Section 13.029.02, the Company and each of the Issuer and Guarantors will, subject to the Guarantors shall satisfaction of the conditions set forth in Section 9.04 hereof, be deemed to have been discharged from its respective their obligations with respect to all Outstanding outstanding Notes and (including the Guarantees Note Guarantees) on the date the conditions set forth in Section 13.04 below are satisfied (hereinafter, “Legal Defeasance”). For this purpose, such Legal Defeasance means that each of the Issuer Company and the Guarantors shall will be deemed to have paid and discharged the entire indebtedness Indebtedness represented by the Outstanding Notesoutstanding Notes (including the Note Guarantees), which shall will thereafter be deemed to be “Outstandingoutstanding” only for the purposes of Section 13.05 9.05 hereof and the other Sections of this Indenture referred to in clauses (1) and (2) below, and the Guarantees and to have satisfied all its their other obligations under the such Notes, the Note Guarantees and this Indenture insofar as such Notes are concerned and have cured all then existing Events of Default (and the Trustee, on demand of and at the expense of the IssuerCompany, shall execute proper instruments acknowledging the same), except for the following provisions which shall will survive until otherwise terminated or discharged hereunder: : (1) the rights of Holders of outstanding Notes to receive payments in respect of the principal of (and premiumof, Prepayment Premium on, if any, on) and interest or interest, if any, on the such Notes when such payments are due, solely out of due from the trust created pursuant referred to this Indenture, in Section 9.04 hereof; (2) the IssuerCompany’s obligations with respect to the such Notes under Sections 3.04, 3.05, 3.06, 10.02 Article 2 and 10.03, Section 4.02 hereof; (3) the rights, powers, trusts, duties and immunities of the Trustee hereunder, hereunder and the obligations of each of the Guarantors Company’s and the Issuer Guarantors’ obligations in connection therewith and therewith; and (4) this Article Thirteen9. Subject to compliance with this Article Thirteen9, the Issuer Company may exercise its option under this Section 13.02 9.02 notwithstanding the prior exercise of its option under Section 13.03 with respect to the Notes9.03 hereof.

Appears in 2 contracts

Samples: Indenture (Nuverra Environmental Solutions, Inc.), Indenture (Nuverra Environmental Solutions, Inc.)

Legal Defeasance and Discharge. Upon the IssuerCompany’s exercise under Section 13.01 8.01 hereof of the option applicable to this Section 13.028.02, the Company and each of the Issuer and Guarantors will, subject to the Guarantors shall satisfaction of the conditions set forth in Section 8.04 hereof, be deemed to have been discharged from its respective their obligations with respect to all Outstanding outstanding Notes and (including the Guarantees Subsidiary Guarantees) on the date the conditions set forth in Section 13.04 below are satisfied (hereinafter, “Legal Defeasance”). For this purpose, such Legal Defeasance means that each of the Issuer Company and the Guarantors shall will be deemed to have paid and discharged the entire indebtedness Indebtedness represented by the Outstanding Notesoutstanding Notes (including the Subsidiary Guarantees), which shall will thereafter be deemed to be “Outstandingoutstanding” only for the purposes of Section 13.05 8.05 hereof and the other Sections of this Indenture referred to in clauses (1) and (2) below, and the Guarantees and to have satisfied all its their other obligations under the such Notes, the Subsidiary Guarantees and this Indenture insofar as such Notes are concerned and have cured all then existing Events of Default (and the Trustee, on demand of and at the expense of the IssuerCompany, shall execute proper instruments acknowledging the same), except for the following provisions which shall will survive until otherwise terminated or discharged hereunder: : (1) the rights of Holders of outstanding Notes to receive payments in respect of the principal of (and premiumof, if any, on) and or interest or premium on the such Notes when such payments are due, solely out of due from the trust created pursuant referred to this Indenture, in Section 8.04 hereof; (2) the IssuerCompany’s obligations with respect to the such Notes under Sections 3.042.06, 3.052.07, 3.06, 10.02 2.10 and 10.03, 4.02 hereof; (3) the rights, powers, trusts, duties and immunities of the Trustee hereunder, hereunder and the obligations of each of the Guarantors Company’s and the Issuer Guarantors’ obligations in connection therewith and therewith; and (4) this Article ThirteenSection 8.02. Subject to compliance with this Article Thirteen8, the Issuer Company may exercise its option under this Section 13.02 8.02 notwithstanding the prior exercise of its option under Section 13.03 with respect to the Notes8.03 hereof.

Appears in 2 contracts

Samples: Indenture (Apparel Holding Corp.), Indenture (Apparel Holding Corp.)

Legal Defeasance and Discharge. Upon the IssuerCompany’s exercise under Section 13.01 8.01 hereof of the option applicable to this Section 13.028.02, the Company and each of the Issuer and Guarantors will, subject to the Guarantors shall satisfaction of the conditions set forth in Section 8.04 hereof, be deemed to have been discharged from its respective their obligations with respect to all Outstanding outstanding Notes and (including the Guarantees Note Guarantees) on the date the conditions set forth in Section 13.04 below are satisfied (hereinafter, “Legal Defeasance”). For this purpose, such Legal Defeasance means that each of the Issuer Company and the Guarantors shall will be deemed to have paid and discharged the entire indebtedness Indebtedness represented by the Outstanding Notesoutstanding Notes (including the Note Guarantees), which shall will thereafter be deemed to be “Outstandingoutstanding” only for the purposes of Section 13.05 8.05 hereof and the other Sections of this Indenture referred to in clauses (1) and (2) below, and the Guarantees and to have satisfied all its their other obligations under the such Notes, the Note Guarantees and this Indenture insofar as such Notes are concerned and have cured all then existing Events of Default (and the Trustee, on demand of and at the expense of the IssuerCompany, shall execute proper instruments acknowledging the same), except for the following provisions which shall will survive until otherwise terminated or discharged hereunder: : (1) the rights of Holders of outstanding Notes to receive payments in respect of the principal of (and of, premium, if any, on) any and interest on the such Notes when such payments are due, solely out of due from the trust created pursuant referred to this Indenture, in Section 8.04 hereof; (2) the IssuerCompany’s obligations with respect to the such Notes under Sections 3.04, 3.05, 3.06, 10.02 Article 2 and 10.03, Section 4.02 hereof; (3) the rights, powers, trusts, duties and immunities of the Trustee hereunder, hereunder and the obligations of each of the Guarantors Company’s and the Issuer Guarantors’ obligations in connection therewith and therewith; and (4) this Article Thirteen8. Subject to compliance with this Article Thirteen8, the Issuer Company may exercise its option under this Section 13.02 8.02 notwithstanding the prior exercise of its option under Section 13.03 with respect to the Notes8.03 hereof.

Appears in 2 contracts

Samples: Indenture (Tennant Co), Indenture (Ritchie Bros Auctioneers Inc)

Legal Defeasance and Discharge. Upon the IssuerCompany’s exercise under Section 13.01 8.01 hereof of the option applicable to this Section 13.028.02, the Company and each of the Issuer and Guarantors will, subject to the Guarantors shall satisfaction of the conditions set forth in Section 8.04 hereof, be deemed to have been discharged from its respective their obligations with respect to all Outstanding outstanding Notes and (including the Guarantees Guaranties) on the date the conditions set forth in Section 13.04 below are satisfied (hereinafter, “Legal Defeasance”). For this purpose, such Legal Defeasance means that each of the Issuer Company and the Guarantors shall will be deemed to have paid and discharged the entire indebtedness Indebtedness represented by the Outstanding Notesoutstanding Notes (including the Guaranties), which shall will thereafter be deemed to be “Outstandingoutstanding” only for the purposes of Section 13.05 8.05 hereof and the other Sections of this Indenture referred to in clauses (1) and (2) below, and the Guarantees and to have satisfied all its their other obligations under the such Notes, Guarantees the Guaranties and this Indenture insofar as such Notes are concerned and have cured all then existing Events of Default (and the Trustee, on demand of and at the expense of the IssuerCompany, shall execute proper instruments acknowledging the same), except for the following provisions which shall will survive until otherwise terminated or discharged hereunder: : (1) the rights of Holders of outstanding Notes to receive payments in respect of the principal of (of, or interest or premium and premiumLiquidated Damages, if any, on) and interest on the , such Notes when such payments are due, solely out of due from the trust created pursuant referred to this Indenture, in Section 8.04 hereof; (2) the IssuerCompany’s obligations with respect to the such Notes under Sections 3.04, 3.05, 3.06, 10.02 Article 2 and 10.03, Section 4.02 hereof; (3) the rights, powers, trusts, duties and immunities of the Trustee hereunder, hereunder and the Company’s obligations of each of the Guarantors and the Issuer in connection therewith and therewith; and (4) this Article Thirteen8. Subject to compliance with this Article Thirteen8, the Issuer Company may exercise its option under this Section 13.02 8.02 notwithstanding the prior exercise of its option under Section 13.03 with respect to the Notes8.03 hereof.

Appears in 2 contracts

Samples: Indenture (Casino One Corp), Indenture (Pinnacle Entertainment Inc)

Legal Defeasance and Discharge. Upon the Issuer’s Company's exercise under Section 13.01 8.01 hereof of the option applicable to this Section 13.028.02, each the Company shall, subject to the satisfaction of the Issuer and the Guarantors shall conditions set forth in Section 8.04 hereof, be deemed to have been discharged from its respective obligations with respect to all Outstanding outstanding Notes and the Guarantees to have each Guarantor's obligation discharged with respect to its Subsidiary Guarantee on the date the conditions set forth in Section 13.04 below are satisfied (hereinafter, "Legal Defeasance"). For this purpose, such Legal Defeasance means that each of the Issuer and the Guarantors Company shall be deemed to have paid and discharged the entire indebtedness Indebtedness represented by the Outstanding outstanding Notes, which shall thereafter be deemed to be “Outstanding” "outstanding" only for the purposes of Section 13.05 8.05 hereof and the other Sections of this Indenture referred to in (1a) and (2b) below, and the Guarantees and to have satisfied all its other obligations under the Notes, Guarantees such Notes and this Indenture insofar as such Notes are concerned and have cured all then existing Events of Default (and the Trustee, on demand of and at the expense of the IssuerCompany, shall execute proper instruments acknowledging the same), except for the following provisions which shall survive until otherwise terminated or discharged hereunder: (1a) the rights of Holders of outstanding Notes to receive solely from the trust fund described in Section 8.04 hereof, and as more fully set forth in such Section, payments in respect of the principal of (and premiumpremium and interest, if any, on) and interest on the such Notes when such payments are due, solely out of the trust created pursuant to this Indenture, (2b) the Issuer’s Company's obligations with respect to the such Notes under Sections 3.04, 3.05, 3.06, 10.02 Article 2 and 10.03Section 4.02 hereof, (3c) the rights, powers, trusts, duties and immunities of the Trustee hereunder, hereunder and the Company's obligations of each of the Guarantors and the Issuer in connection therewith and (4d) this Article Thirteen8. Subject to compliance with this Article Thirteen8, the Issuer Company may exercise its option under this Section 13.02 8.02 notwithstanding the prior exercise of its option under Section 13.03 with respect to the Notes8.03 hereof.

Appears in 2 contracts

Samples: Indenture (Spanish Broadcasting System of Puerto Rico Inc /Pr/), Indenture (Spanish Broadcasting System Inc)

Legal Defeasance and Discharge. Upon the IssuerCompany’s exercise under Section 13.01 ‎Section 8.01 hereof of the option applicable to this Section 13.028.02, the Company and each of the Issuer and Guarantors will, subject to the Guarantors shall satisfaction of the conditions set forth in ‎Section 8.04 hereof, be deemed to have been discharged from its respective their obligations with respect to all Outstanding outstanding Notes and (including the Guarantees Note Guarantees) on the date the conditions set forth in Section 13.04 below are satisfied (hereinafter, “Legal Defeasance”). For this purpose, such Legal Defeasance means that each of the Issuer Company and the Guarantors shall will be deemed to have paid and discharged the entire indebtedness Indebtedness represented by the Outstanding Notesoutstanding Notes (including the Note Guarantees), which shall will thereafter be deemed to be “Outstandingoutstanding” only for the purposes of Section 13.05 ‎Section 8.05 hereof and the other Sections of this Indenture referred to in clauses (1) and (2) below, and the Guarantees and to have satisfied all its their other obligations under the such Notes, the Note Guarantees and this Indenture insofar as such Notes are concerned and have cured all then existing Events of Default (and the Trustee, on demand of and at the expense of the IssuerCompany, shall execute proper instruments acknowledging the same), except for the following provisions which shall will survive until otherwise terminated or discharged hereunder: : (1) the rights of Holders of outstanding Notes to receive payments in respect of the principal of (and premiumof, premium on, if any, interest on) and interest on the , such Notes when such payments are due, solely out of due from the trust created pursuant referred to this Indenture, in ‎Section 8.04 hereof; (2) the IssuerCompany’s obligations with respect to the such Notes under Sections 3.04, 3.05, 3.06, 10.02 ‎Article 2 and 10.03, ‎Section 4.02 hereof; (3) the rights, powers, trusts, duties and immunities of the Trustee hereunder, hereunder and the obligations of each of the Guarantors Company’s and the Issuer Guarantors’ obligations in connection therewith and therewith; and (4) this Article Thirteen‎Article 8. Subject to compliance with this Article Thirteen‎Article 8, the Issuer Company may exercise its option under this Section 13.02 8.02 notwithstanding the prior exercise of its option under Section 13.03 with respect to the Notes‎Section 8.03 hereof.

Appears in 2 contracts

Samples: Indenture (Firstcash, Inc), Indenture (Firstcash, Inc)

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