Common use of Legal Defeasance of Securities of any Series Clause in Contracts

Legal Defeasance of Securities of any Series. Unless this Section 8.3 is otherwise specified to be inapplicable to Securities of any Series, the Company shall be deemed to have paid and discharged the entire indebtedness on all the outstanding Securities of any Series on the 90th day after the date of the deposit referred to in subparagraph (c) hereof, and the provisions of this Indenture, as it relates to such outstanding Securities of such Series, shall no longer be in effect (and the Trustee, at the expense of the Company, shall, at Company Request, execute proper instruments acknowledging the same), except as to:

Appears in 2 contracts

Samples: Indenture (Northwest Bancshares, Inc.), Indenture (Northwest Bancshares, Inc.)

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Legal Defeasance of Securities of any Series. Unless this Section 8.3 is otherwise specified to be inapplicable to Securities of any Seriesseries, the Company shall be deemed to have paid and discharged the entire indebtedness on all the outstanding Securities of any Series such series on the 90th 91st day after the date of the deposit referred to in subparagraph (cd) hereof, and the provisions of this Indenture, as it relates to such outstanding Securities of such Seriesseries, shall no longer be in effect (and the Trustee, at the expense of the Company, shall, at upon Company Request, execute proper instruments acknowledging the same), except as to:

Appears in 2 contracts

Samples: Indenture (Midwest Banc Holdings Inc), Indenture (Midwest Banc Holdings Inc)

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